Columbia-Presbyterian Medical Center Fund Inc
- Assets
- $32.6m
- Revenue
- $2.2m
- Investments
- $19.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1961
- Data as of
- 06/2021
- EIN
- 13-6162924
Organization Overview
Columbia-Presbyterian Medical Center Fund Inc is located in New York, NY. The organization was established in 1961. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Columbia-Presbyterian Medical Center Fund 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 06/2021, Columbia-Presbyterian Medical Center Fund Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (35.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Columbia-Presbyterian Medical Center Fund Inc has awarded 18 individual grants totaling $77,283,369. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A SUPPORTING ORG TO COLUMBIA UNIVERSITY & NY PRESBYTERIAN HOSPITAL & HOLDS CERTAIN ASSETS OF THE UNIVERSITY AND THE HOSPITAL AND RECEIVES OUTSTANDING BEQUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLUMBIA-PRESBYTERIAN MEDICAL CENTER FUND, INC. ("CPMC FUND INC.") WAS FORMED BY COLUMBIA UNIVERSITY AND PRESBYTERIAN HOSPITAL TO BE A VEHICLE FOR JOINT FUNDRAISING ACTIVITIES BY THE UNIVERSITY AND THE HOSPITAL, BOTH OF WHICH ARE 501(C)(3) EXEMPT ORGANIZATIONS. THE UNIVERSITY AND THE HOSPITAL HAVE CEASED MOST JOINT FUNDRAISING ACTIVITIES. CPMC FUND INC. CONTINUES TO MAKE GRANTS AND ALLOCATIONS TO SUPPORT THE ACTIVITIES OF COLUMBIA UNIVERSITY AND NEW YORK PRESBYTERIAN HOSPITAL (SUCCESSOR TO PRESBYTERIAN HOSPITAL).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,148 |
| Total Program Service Revenue | $0 |
| Investment income | $1,359,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $787,001 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,186,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,300,754 |
| 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 | $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 | $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 | $1,300,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $19,038,086 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,587,331 |
| Total assets | $32,625,417 |
| Accounts payable and accrued expenses | $55,636 |
| Grants payable | $0 |
| 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 | $55,636 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $32,569,781 |
| 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 | $32,625,417 |
Grants Awarded
Over the last fiscal year, Columbia-Presbyterian Medical Center Fund Inc has awarded $1,300,754 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PROFESSORSHIPS, SCHOLARSHIPS, RESEARCH | $705,653 |
New York, NY PURPOSE: RESEARCH & PATIENT CARE OPERATION | $595,101 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Columbia-Presbyterian Medical Center Fund Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
The New York And Presbyterian Hospital New York, NY PURPOSE: SUPPORT | $60,000 |
Endowment Analysis
| Beg. Balance | $25,552,860 |
| Earnings | $8,277,527 |
| Net Contributions | $40,148 |
| Grants | $1,330,754 |
| Ending Balance | $32,539,781 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
Tufts Health Plan Foundation Inc Canton, MA | $128,427,090 | $19,685,263 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |
Northeast Health Foundation Inc Albany, NY | $23,246,961 | $6,972,947 |