Hospital For Special Surgery Fund Inc
- Assets
- $115.8m
- Revenue
- $29.5m
- Investments
- $40.1m
- Employees
- 50
- Location
- New York, NY
- Founding
- 06/1987
- Data as of
- 12/2022
- EIN
- 13-6714749
Organization Overview
Hospital For Special Surgery Fund Inc, operating under the name See Schedule O, is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, See Schedule O employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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 12/2022, See Schedule O generated $29.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $17.6m during the year ending 12/2022. While expenses have increased by 8.1% 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 2014, See Schedule O has awarded 138 individual grants totaling $39,510,953. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO SUPPORT CHARITABLE, EDUCATIONAL & SCIENTIFIC PURPOSES OF ITS TAX-EXEMPT AFFILIATE THE HOSPITAL FOR SPECIAL SURG, & OTHER HLTH CARE RELATED CHARITABLE ORGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S EXEMPT PURPOSE IS TO RAISE FUNDS TO SUPPORT CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES OF ITS TAX EXEMPT AFFILIATE, THE HOSPITAL FOR SPECIAL SURGERY, AND ANY OTHER HEALTH CARE RELATED CHARITABLE ORGANIZATIONS. THE HOSPITAL FOR SPECIAL SURGERY PROVIDES WORLD CLASS CARE TO ITS PATIENTS BY HELPING THEM REGAIN THEIR MOBILITY, WHILE ALSO ADVANCING RESEARCH INITIATIVES TO EXPLORE NEW TREATMENTS FOR ORTHOPEDIC AND RHEUMATOLOGIC CONDITIONS. THE HOSPITAL FOR SPECIAL SURGERY IS RECOGNIZED FOR ITS EXCELLENCE IN PATIENT CARE AND IS CONSISTENTLY TOP-RANKED BY US NEWS AND WORLD REPORTS IN ITS SPECIALTIES. THE HOSPITAL FOR SPECIAL SURGERY IS ALSO RECOGNIZED AS A MAGNET HOSPITAL FOR EXCELLENCE IN NURSING SERVICE. IN 2022, HSS FUND INC. PROVIDED SERVICES TO THE HOSPITAL ENABLING IT TO RAISE APPROXIMATELY $73 MILLION IN FUNDS FOR CAPITAL, RESEARCH, ENDOWMENT, EDUCATIONAL AND OPERATING PURPOSES. IN 2022, HSS FUND INC. ALSO CONTRIBUTED APPROXIMATELY $246,000 TO OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis A Shapiro President & CEO | OfficerTrustee | 9 | $624,698 |
Stacey L Malakoff Executive VP & CFO | Officer | 1.8 | $73,900 |
Duretti Fufa - Left Bot 2022 Member/assoc Attending Physici | Trustee | 0.2 | $0 |
Irene Koch Exec VP & Chief Legal Officer | Officer | 3 | $52,972 |
Catherine Callagy Sr.vp & Chief Develop. Officer | Officer | 60 | $911,104 |
Andy Miller Member/assoc Attending Physici | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Museum Of Natural History Venue & Catering Svc | 12/30/22 | $366,325 |
Shakeji Inc Entertainment | 12/30/22 | $195,000 |
Pga National Resort And Spa Venue & Catering Svc | 12/30/22 | $189,357 |
Grayrock Entertainment Inc Entertainment | 12/30/22 | $187,500 |
Cavan Executive Search Inc Consulting | 12/30/22 | $164,109 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,825,267 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,263,872 |
| Noncash contributions included in lines 1a–1f | $203,301 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,089,139 |
| Total Program Service Revenue | $9,768,607 |
| Investment income | $6,736,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$205,666 |
| Net Income from Fundraising Events | -$1,916,090 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,472,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,589,147 |
| 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. | $1,749,564 |
| Compensation of current officers, directors, key employees. | $770,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,898,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,788,193 |
| Payroll taxes | $435,030 |
| Fees for services: Management | $348,236 |
| Fees for services: Legal | $9,521 |
| Fees for services: Accounting | $47,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,182 |
| Fees for services: Other | $501,448 |
| Advertising and promotion | $0 |
| Office expenses | $233,806 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,449,193 |
| Travel | $84,327 |
| 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 | $80,246 |
| All other expenses | $0 |
| Total functional expenses | $17,640,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,250,133 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $36,000 |
| 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 | $440,037 |
| Investments—publicly traded securities | $65,611,900 |
| Investments—other securities | $40,089,876 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,414,797 |
| Total assets | $115,842,743 |
| Accounts payable and accrued expenses | $2,126,909 |
| 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 | $26,094,525 |
| Total liabilities | $28,221,434 |
| Net assets without donor restrictions | $87,585,309 |
| Net assets with donor restrictions | $36,000 |
| 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 | $115,842,743 |
Grants Awarded
Over the last fiscal year, Hospital For Special Surgery Fund Inc has awarded $4,568,647 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
THE NY SOC FOR THE REL OF RUP & CRPL MAINT PURPOSE: ACADEMIC TRAINING & PEDIATRIC OUTREACH | $4,246,043 |
LUPUS RESEARCH ALLIANCE PURPOSE: GENERAL SUPPORT | $50,000 |
UNITED HOSPITAL FUND PURPOSE: GENERAL SUPPORT | $15,000 |
STAMFORD HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $12,500 |
NEW YORK LANDMARKS CONSERVANCY INC PURPOSE: GENERAL SUPPORT | $30,000 |
THE AMERICAN AUSTRIAN FOUNDATION (AAFSALZBURG COR PURPOSE: GENERAL SUPPORT | $15,000 |