Nfmmc Foundation
- Assets
- $2.8m
- Revenue
- $272.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Niagara Falls, NY
- Founding
- 10/1989
- Data as of
- 12/2021
- EIN
- 22-2877349
Organization Overview
Nfmmc Foundation is located in Niagara Falls, NY. The organization was established in 1989. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Nfmmc Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nfmmc Foundation 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, Nfmmc Foundation generated $272.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $331.2k during the year ending 12/2021. 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
ASSET MAINTENANCE AND FUNDRAISING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ADMINISTERED CONTRIBUTIONS RECEIVED FOR THE USE OF THE NIAGARA FALLS MEMORIAL MEDICAL CENTER WHICH IS A RELATED TAX EXEMPT ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James C Roscetti Chairman | OfficerTrustee | 2 | $0 |
Charles G Rader PHD Treasurer | OfficerTrustee | 2 | $0 |
Margaret M Toohey Secretary | OfficerTrustee | 2 | $0 |
Cynthia A Bianco Vice Chairman | OfficerTrustee | 2 | $0 |
Joseph A Ruffolo President & CEO | OfficerTrustee | 2 | $0 |
Vijay Bojedla MD Vice President & Cmo | OfficerTrustee | 2 | $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 | $157,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,636 |
| Total Program Service Revenue | $0 |
| Investment income | $26,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $88,660 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| 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 | $137,455 |
| Pension plan accruals and contributions | $2,778 |
| Other employee benefits | $6,654 |
| Payroll taxes | $6,207 |
| 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 | $277 |
| Advertising and promotion | $0 |
| Office expenses | $580 |
| 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 | $22,461 |
| Total functional expenses | $331,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $79,353 |
| 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 | $2,495,384 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,779,660 |
| Accounts payable and accrued expenses | $13,455 |
| Grants payable | $0 |
| Deferred revenue | $176,064 |
| 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 | $494,701 |
| Total liabilities | $684,220 |
| Net assets without donor restrictions | -$246,656 |
| Net assets with donor restrictions | $2,342,096 |
| 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 | $2,779,660 |
Grants Awarded
Over the last fiscal year, Nfmmc Foundation has awarded $1,461,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Niagara Falls, NY PURPOSE: CAPITAL AND GENERAL SUPPORT | $1,454,360 |
Niagara Falls, NY PURPOSE: CAPITAL AND GENERAL SUPPORT | $6,890 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nfmmc Foundation has recieved totaling $11,306.
| Awarding Organization | Amount |
|---|---|
Independent Health Association Inc Buffalo, NY PURPOSE: SPONSORSHIP | $11,306 |
Endowment Analysis
| Beg. Balance | $634,175 |
| Ending Balance | $634,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
The Rosalind And Joseph Gurwin Jewish Geriatric Center Of Long Is Commack, NY | $54,775,668 | $80,755,778 |
The Schulman And Schachne Institute For Nursing And Rehabilitation Inc Brooklyn, NY | $15,175,367 | $62,719,757 |
Menorah Home & Hospital For The Aged & Infirm Brooklyn, NY | $95,922,650 | $81,993,639 |
Orlando Rehabilitation Group Inc Bala Cynwyd, PA | $57,006,179 | $68,104,174 |
Pittsburgh Care Partnership Inc Community Life Pittsburgh, PA | $51,132,739 | $72,021,182 |
Loretto Health And Rehabilitation Center Syracuse, NY | $32,645,614 | $69,232,567 |
Mary Manning Walsh Nursing Home Co Inc New York, NY | $75,917,101 | $69,028,602 |
Amsterdam Nursing Home Corporation New York, NY | $69,684,595 | $65,318,560 |
St Anns Home For The Aged Rochester, NY | $128,282,836 | $56,352,985 |
The Silvercrest Center For Nursing And Rehabilitation Jamaica, NY | $32,498,304 | $53,752,746 |
Northwell Health Stern Family Center For Rehabilitation Westbury, NY | $34,520,044 | $52,027,697 |