Westchester Medical Center Foundation Inc
- Assets
- $41.9m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Valhalla, NY
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 13-4095845
Organization Overview
Westchester Medical Center Foundation Inc is located in Valhalla, NY. The organization was established in 2000. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westchester Medical Center Foundation 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, Westchester Medical Center Foundation Inc generated $7.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT WESTCHESTER COUNTY HEALTH CARE CORPORATION (WCHCC) AND THE HEALTH AND WELFARE SERVICES PROVIDED TO THE COMMUNITIES SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT VARIOUS INITIATIVES AND PROGRAMS OF WESTCHESTER COUNTY HEALTH CARE CORPORATION IN ACCORDANCE WITH WESTCHESTER MEDICAL CENTER FOUNDATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice-Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice-Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 10 | $0 |
Name Not Listed Trustee - Joined In 2023 | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gobel Group Fundraising Services | 12/30/23 | $804,822 |
Thompson & Bender Llc Foundation Marketing Support | 12/30/23 | $106,737 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $895,115 |
| Related organizations | $1,151,536 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,875,509 |
| Noncash contributions included in lines 1a–1f | $272,228 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,922,160 |
| Total Program Service Revenue | $0 |
| Investment income | $1,078,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $151,188 |
| Net Income from Fundraising Events | -$780,836 |
| Net Income from Gaming Activities | -$21,874 |
| Net Income from Sales of Inventory | $152,568 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,501,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,164,049 |
| 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. | $0 |
| 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 | $953,258 |
| Fees for services: Investment Management | $110,312 |
| Fees for services: Other | $0 |
| Advertising and promotion | $108,438 |
| Office expenses | $122,992 |
| Information technology | $50,861 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $5,204,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,302,028 |
| Pledges and grants receivable | $3,092,895 |
| 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 | $152,463 |
| Prepaid expenses and deferred charges | $18,359 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $27,313,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,879,600 |
| Accounts payable and accrued expenses | $455,208 |
| Grants payable | $0 |
| Deferred revenue | $138,976 |
| 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 | $258,500 |
| Total liabilities | $852,684 |
| Net assets without donor restrictions | $15,630,693 |
| Net assets with donor restrictions | $25,396,223 |
| 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 | $41,879,600 |
Grants Awarded
Over the last fiscal year, Westchester Medical Center Foundation Inc has awarded $3,683,327 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BON SECOURS CHARITY HEALTH SYSTEM INC PURPOSE: PROGRAM SUPPORT | $30,097 |
WESTCHESTER COUNTY HEALTH CARE CORPORATION PURPOSE: Program support | $3,644,888 |
HEALTHALLIANCE INC PURPOSE: PROGRAM SUPPORT | $8,342 |