Hospice Foundation Of Central New York
- Assets
- $8.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Liverpool, NY
- Founding
- 11/1993
- Data as of
- 05/2023
- EIN
- 16-1438980
Organization Overview
Hospice Foundation Of Central New York is located in Liverpool, NY. The organization was established in 1993. 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. Hospice Foundation Of Central New York 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 05/2023, Hospice Foundation Of Central New York generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.2m during the year ending 05/2023. While expenses have increased by 9.3% 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 2015, Hospice Foundation Of Central New York has awarded 18 individual grants totaling $3,760,546. 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
THE HOSPICE FOUNDATION PROMOTES THE VALUES OF HOSPICE CARE. IT IS DEDICATED TO PROVIDING SUPPORT SOLELY FOR THE PROGRAMS AND OPERATIONS OF THE CARING COALITION OF CENTRAL NEW YORK D/B/A HOSPICE OF CENTRAL NEW YORK AND HOSPICE OF THE FINGER LAKES. THE HOSPICE FOUNDATION WORKS TO ENHANCE HOSPICE PROGRAMS AND INITIATIVES. THE HOSPICE FOUNDATION IS CHARGED WITH RECEIVING, SOLICITING, PRUDENTLY MANAGING AND INVESTING ALL FORMS OF CHARITABLE GIFTS FROM INDIVIDUALS, ORGANIZATIONS AND FOUNDATIONS. IT IS RESPONSIBLE FOR DISTRIBUTING RESTRICTED AND UNRESTRICTED GRANTS TO THE CARING COALITION OF CENTRAL NEW YORK IN ACCORDANCE WITH DONOR RESTRICTIONS AND EXISTING POLICIES OF THE FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLICITING, RECEIVING, AND ACKNOWLEDGING ALL FORMS OF CHARITABLE GIFTS FROM INDIVIDUALS, ORGANIZATIONS AND FOUNDATIONS VIA FUNDRAISING EVENTS AND MAIL SOLICITATIONS. 4,732 GIFTS RECEIVED.
GRANTS AND ALLOCATIONS MADE TO THE CARING COALITION OF CENTRAL NEW YORK DBA HOSPICE OF CENTRAL NEW YORK AND HOSPICE OF THE FINGER LAKES INCLUDING ONE OPERATIONS GRANT AND MONTHLY GRANTS TO DISTRIBUTE RESTRICTED FUNDS BASED UPON EXPENDITURES MADE IN ACCORDANCE WITH DONOR RESTRICTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Aiello Board President | OfficerTrustee | 1 | $0 |
Cristina Braga Board Vice President | OfficerTrustee | 1 | $0 |
Mark Muthumbi Board Treasurer | OfficerTrustee | 1 | $0 |
Brady Cass Board Secretary | OfficerTrustee | 1 | $0 |
Kristen Mohat Board Member | Trustee | 1 | $0 |
Michael J Luton CPA Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $117,722 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $932,272 |
| Noncash contributions included in lines 1a–1f | $52,515 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,049,994 |
| Total Program Service Revenue | $0 |
| Investment income | $166,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,817 |
| Net Income from Fundraising Events | -$6,622 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,168,868 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $731,361 |
| 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 | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,785 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,060 |
| Office expenses | $54,458 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,410 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $707 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,674 |
| All other expenses | $0 |
| Total functional expenses | $1,248,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,989 |
| 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 | $18,523 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,959,887 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,027,264 |
| Accounts payable and accrued expenses | $3,297 |
| Grants payable | $0 |
| Deferred revenue | $55,920 |
| 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 | $81,925 |
| Total liabilities | $141,142 |
| Net assets without donor restrictions | $7,445,487 |
| Net assets with donor restrictions | $440,635 |
| 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 | $8,027,264 |
Grants Awarded
Over the last fiscal year, Hospice Foundation Of Central New York has awarded $731,361 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE CARING COALITION OF CENTRAL NEW YORK PURPOSE: SUPPORT HOSPICE SERVICES | $597,000 |
THE CARING COALITION OF CENTRAL NEW YORK PURPOSE: DISTRIBUTE RESTRICTED FUNDS FOR PROGRAM EXPENSES | $134,361 |