Northeast Health Foundation Inc
- Assets
- $23.2m
- Revenue
- $7.0m
- Investments
- $3.2m
- Employees
- 9
- Location
- Albany, NY
- Founding
- 08/1987
- Data as of
- 06/2021
- EIN
- 22-2743478
Organization Overview
Northeast Health Foundation Inc is located in Albany, NY. The organization was established in 1987. 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. As of 06/2021, Northeast Health Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Health 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 06/2021, Northeast Health Foundation Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $7.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Northeast Health Foundation Inc has awarded 88 individual grants totaling $47,024,945. 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
TO PROVIDE SUPPORT FOR PROGRAMS OF ST. PETER'S HEALTH PARTNERS AND ITS TAX-EXEMPT AFFILIATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED IN 1985 AND LOCATED IN ALBANY, NY, THE NORTHEAST HEALTH FOUNDATION RECEIVES, MAINTAINS, AND DISTRIBUTES FUNDS EXCLUSIVELY FOR THE CHARITABLE ACTIVITIES OF ST. PETER'S HEALTH PARTNERS AND ITS TAX-EXEMPT AFFILIATES. THE FOUNDATION RAISED OVER $6 MILLION DURING FY21 WITH THE ASSISTANCE OF DEDICATED VOLUNTEERS AND GENEROUS FRIENDS. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.GIVETONORTHEAST.ORG
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Cote' Director & Exec Director Thr 7/20 | OfficerTrustee | 40 | $167,739 |
Kathleen Ziobrowski Director Of Planned Giving | 30 | $117,738 | |
Robert Benton MD Director; Chair | OfficerTrustee | 1 | $0 |
John Shartrand Director; 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Stephen Retzlaff Director; 1st Vice Chair | OfficerTrustee | 1 | $0 |
Mark Ryan Director; Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $239,894 |
| Government grants | $3,802,491 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,151,408 |
| Noncash contributions included in lines 1a–1f | $3,384 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,193,793 |
| Total Program Service Revenue | $0 |
| Investment income | $300,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,000 |
| Net Gain/Loss on Asset Sales | $468,464 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,972,947 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,693,913 |
| 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. | $194,408 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $409,849 |
| Pension plan accruals and contributions | $10,176 |
| Other employee benefits | $12,658 |
| Payroll taxes | $48,370 |
| 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 | $31,780 |
| Fees for services: Other | $21,914 |
| Advertising and promotion | $17,558 |
| Office expenses | $32,410 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,522 |
| Travel | $3,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $990 |
| Interest | $12,787 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $399 |
| Insurance | $1,797 |
| All other expenses | $2,112 |
| Total functional expenses | $6,978,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $495,176 |
| Pledges and grants receivable | $1,606,553 |
| 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 | $7,665 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $108,127 |
| Investments—publicly traded securities | $17,543,936 |
| Investments—other securities | $3,223,384 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $262,120 |
| Total assets | $23,246,961 |
| Accounts payable and accrued expenses | $158,605 |
| 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 | $1,127,624 |
| Total liabilities | $1,286,229 |
| Net assets without donor restrictions | $5,149,016 |
| Net assets with donor restrictions | $16,811,716 |
| 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 | $23,246,961 |
Grants Awarded
Over the last fiscal year, Northeast Health Foundation Inc has awarded $5,693,616 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Troy, NY PURPOSE: GENERAL SUPPORT | $2,521,754 |
Cohoes, NY PURPOSE: GENERAL SUPPORT | $1,521,822 |
Schenectady, NY PURPOSE: GENERAL SUPPORT | $1,230,400 |
Cohoes, NY PURPOSE: GENERAL SUPPORT | $167,395 |
Albany, NY PURPOSE: GENERAL SUPPORT | $81,866 |
Slingerlands, NY PURPOSE: GENERAL SUPPORT | $59,179 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northeast Health Foundation Inc has recieved totaling $456.
| Awarding Organization | Amount |
|---|---|
John P & Mable I Ogsbury Ua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $456 |
Endowment Analysis
| Beg. Balance | $4,640,984 |
| Earnings | $420,889 |
| Net Contributions | $4,885 |
| Ending Balance | $5,066,758 |
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 |