Emblemhealth Inc
- Assets
- $827.5k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 13-3941542
Organization Overview
Emblemhealth Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emblemhealth Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Emblemhealth Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Emblemhealth Inc has awarded 15 individual grants totaling $515,129. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMBLEMHEALTH INC. SUPPORTS THE TAX-EXEMPT MISSION OF HIPNY (SEE SCHEDULE O).EMBLEMHEALTH INC. OPERATES AS A HOLDING COMPANY THAT SUPPORTS THE TAX-EXEMPT HEALTHCARE MISSION OF ITS SUPPORTED ORGANIZATION, HEALTH INSURANCE PLAN OF GREATER NEW YORK.FORM 990, PART V, LINE 1A:EMBLEMHEALTH, INC. DOES NOT ISSUE ANY FORM 1099S. THE INDIVIDUALS LISTED IN THE FORM 990 PART VII WERE PAID BY RELATED ORGANIZATION, HEALTH INSURANCE PLAN OF GREATER NEW YORK, THROUGH ITS DISREGARDED ENTITY, EMBLEMHEALTH SERVICES COMPANY, LLC. EMBLEMHEALTH SERVICES COMPANY, LLC ISSUED THE FORM 1099S TO THE INDIVIDUALS BEING LISTED IN FORM 990 PART VII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMBLEMHEALTH'S TAX-EXEMPT MISSION IS TO SUPPORT THE HEALTHCARE ACTIVITIES OF ITS SUPPORTED ORGANIZATION, HEALTH INSURANCE PLAN OF GREATER NEW YORK. MOST OF THE COSTS INCURRED BY EMBLEMHEALTH, INC. ARE ANNUAL BOARD OF DIRECTORS FEES (AND ANCILLARY EXPENSES ASSOCIATED WITH BOARD SERVICE). IN ADDITION, EMBLEMHEALTH, INC. DISTRIBUTED A GRANT TO ITS PARENT ORGANIZATION, AS WELL AS OTHER SMALL GRANTS TO SELECT SECTION 501(C)(3) PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Ignagni Chief Executive Officer | OfficerTrustee | 2 | $0 |
John Feerick Chairman | OfficerTrustee | 1 | $0 |
Paul Gibson Vice Chairperson Of The Board | OfficerTrustee | 1 | $0 |
Bernard Schayes MD Director | Trustee | 1 | $0 |
Richard Berman Director | Trustee | 1 | $0 |
Barbara Shattuck Kohn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $237,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,290 |
| Total Program Service Revenue | $1,722,976 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,960,266 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $344,960 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,588,795 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $18,715 |
| Total functional expenses | $1,960,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,837 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $365,689 |
| Total assets | $827,526 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $237,290 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $237,290 |
| Net assets without donor restrictions | $590,236 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $827,526 |
Grants Awarded
Over the last fiscal year, Emblemhealth Inc has awarded $333,210 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EAGLE CLUB PURPOSE: GENERAL SUPPORT | $15,000 |
GRACE LUTHERAN CHURCH OF MALVERNE NY PURPOSE: GENERAL SUPPORT | $25,000 |
NASSAU COMETS INC PURPOSE: GENERAL SUPPORT | $29,250 |
JAZZ HOUSE KIDS INC PURPOSE: GENERAL SUPPORT | $20,000 |
VALLEY STREAM CENTRAL EAGLE CLUB PURPOSE: GENERAL SUPPORT | $6,670 |
HEALTH INSURANCE PLAN OF GREATER NEW YORK PURPOSE: GENERAL SUPPORT | $237,290 |