Ellis Hospital Foundation Inc
- Assets
- $24.3m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Schenectady, NY
- Founding
- 06/1983
- Data as of
- 12/2021
- EIN
- 14-1638957
Organization Overview
Ellis Hospital Foundation Inc is located in Schenectady, NY. The organization was established in 1983. 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 12/2021, Ellis Hospital Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ellis Hospital 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 12/2021, Ellis Hospital Foundation Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION FOR ELLIS MEDICINE IS TO INCREASE PHILANTHROPY, AWARENESS AND ADVOCACY FOR ELLIS MEDICINE TO ENSURE AND SUPPORT QUALITY, LIFESAVING HEALTHCARE IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPIC SUPPORT - THE FOUNDATION FOR ELLIS MEDICINE ENSURES QUALITY HEALTH CARE AND WELLNESS IN OUR COMMUNITY BY RAISING, INVESTING AND DISTRIBUTING FUNDS THAT SUPPORT THE LIFESAVING WORK PERFORMED AT ELLIS MEDICINE. THROUGH THE CHARITABLE GIFTS OF INDIVIDUALS, CORPORATIONS AND FOUNDATIONS, OUR ORGANIZATION HELPS ADVANCE ELLIS MEDICINE'S MISSION TO SERVE THE COMMUNITY. ELLIS WELCOMES GIFTS TO THE FOUNDATION TO MEET MANY NEEDS INCLUDING THE PURCHASE OF STATE-OF-THE-ART MEDICAL EQUIPMENT AND SUPPLIES, SUPPORT HEALTH CARE PROGRAMS THAT SERVICE THE COMMUNITY INCLUDING THE MEDICALLY UNDERSERVED, UPGRADE AND EXPAND FACILITIES AND PROVIDE CONTINUING EDUCATION AND SCHOLARSHIPS FOR OUR NURSES, PHYSICIANS AND STAFF.OF THE MANY ACCOMPLISHMENTS DURING 2021, THE THREE LARGEST INVESTMENTS WERE IN CAPITAL IMPROVEMENTS AND PROGRAM SALARIES. SIGNIFICANT CAPITAL IMPROVEMENTS INCLUDED THE RENOVATION OF EXISTING SPACE ON THE NOTT STREET CAMPUS TO BUILD OUT ELLIS' NEW MEDICAL ONCOLOGY PROGRAM ($1,123,629), A ROSWELL PARK CARE NETWORK MEMBER SITE SERVING THE CANCER NEEDS OF PEOPLE FROM ALL OVER UPSTATE NEW YORK; AND THE CONSTRUCTION AND FURNISHINGS FOR ELLIS' NEW CHILD AND ADOLESCENT CLINIC AT THE STATE STREET HEALTH CENTER ($499,283) TO IMPROVE ACCESS AND EXPAND MENTAL HEALTH TREATMENT SERVICES. THE FOUNDATION ALSO SUCCESSFULLY FUNDED THE SALARIES FOR THE LIVING ROOM ($232,638), AN OUTPATIENT CRISIS DIVERSION PROGRAM LOCATED AT THE STATE STREET HEALTH CENTER. THE LIVING ROOM IS A MISSION-DRIVEN SERVICE THAT HAS PROVEN TO SAVE THE COMMUNITY MORE THAN $1,500,000 A YEAR DIVERTING INDIVIDUALS FROM RELIANCE ON THE EMERGENCY DEPARTMENT, PROVIDING BETTER CARE AT THE RIGHT LOCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Steiner Executive Director | Officer | 55 | $226,186 |
Karen Mantas Director Of Advancement | 50 | $113,906 | |
James Barnes ESQ Treasurer | OfficerTrustee | 1 | $0 |
David C Horan Jr Board Chair | OfficerTrustee | 1 | $0 |
Lori Anne Harris Secretary | OfficerTrustee | 1 | $0 |
Jim Hurley Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $309,615 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,930,936 |
| Noncash contributions included in lines 1a–1f | $262,544 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,240,551 |
| Total Program Service Revenue | $0 |
| Investment income | $178,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,079,940 |
| Net Income from Fundraising Events | -$37,376 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,461,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,711,563 |
| Grants and other assistance to domestic individuals. | $168,516 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $225,853 |
| Compensation of current officers, directors, key employees. | $90,341 |
| Compensation to disqualified persons | $383,824 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $28,920 |
| Other employee benefits | $41,798 |
| Payroll taxes | $46,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,451 |
| Fees for services: Accounting | $15,031 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $340,000 |
| Fees for services: Investment Management | $57,917 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,708 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,770 |
| 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 | $4,078 |
| All other expenses | $17,096 |
| Total functional expenses | $4,337,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $965,944 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,837,994 |
| 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 | $11,430 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,510,495 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,325,863 |
| Accounts payable and accrued expenses | $840,932 |
| Grants payable | $0 |
| Deferred revenue | $82,500 |
| 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 | $57,029 |
| Total liabilities | $980,461 |
| Net assets without donor restrictions | $4,656,341 |
| Net assets with donor restrictions | $18,689,061 |
| 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 | $24,325,863 |
Grants Awarded
Over the last fiscal year, Ellis Hospital Foundation Inc has awarded $2,796,471 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Schenectady, NY PURPOSE: MEDICAL EQUIP/CLINICAL SERVICES EXP | $2,763,361 |
Schenectady, NY PURPOSE: COMPUTER EQUIPMENT TRAINING AND SUPPORT | $33,110 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Ellis Hospital Foundation Inc has recieved totaling $386,779.
| Awarding Organization | Amount |
|---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: EXPANDING ACCESS TO MENTAL HEALTH SUPPORTS FOR AT-RISK CHILDREN, ADOLESCENTS & THEIR FAMILIES | $232,262 |
Mother Cabrini Health Foundation New York, NY PURPOSE: THE LIVING ROOM SERVING LOW-INCOME, AT-RISK INDIVIDUALS IN CRISIS | $105,000 |
Price Choppers Golub Foundation Schenectady, NY PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $25,000 |
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: FOR COVID FLOOR DINNERS, MENTAL HEALTH SUPPORTS, AND UNRESTRICTED USE | $15,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $7,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $17,022,397 |
| Earnings | $1,171,370 |
| Net Contributions | $3,418,048 |
| Grants | $2,922,759 |
| Ending Balance | $18,689,056 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Monmouth Medical Center Foundation Inc Oceanport, NJ | $47,507,975 | $18,905,693 |