Ecmc Foundation Inc
- Assets
- $7.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Buffalo, NY
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 22-3283946
Organization Overview
Ecmc Foundation Inc is located in Buffalo, NY. The organization was established in 1994. 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 12/2022, Ecmc Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ecmc 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 12/2022, Ecmc Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS OUR REGION, STATE AND NATION, WE ARE STILL RECOVERING FROM THE EFFECTS OF COVID ON OUR ORGANIZATIONS FROM STAFFING TO FUNDING. AMIDST THESE CHALLENGING TIMES, ECMC ONE AGAIN IN 2022 PROVIDED NATIONAL CLASS HEALTHCARE TO OUR COMMUNITY, WHICH WAS AFFIRMED BY A VARIETY OF ACCREDITATIONS AND NATIONAL THIRD-PARTY RECOGNITION. IN NOVEMBER, ECMC WENT THROUGH IT'S FULL ACCREDITATION PROCESS BY THE JOINT COMMISSION. THE SURVEY TEAM WAS EXTREMELY COMPLIMENTARY ABOUT THE "PASSION- AND "ENGAGEMENT" OF EVERYONE THEY ENCOUNTERED FROM CLINICAL TO NON-CLINICAL STAFF IN THE CARE OF OUR PATIENTS. MOST IMPORTANTLY, THE SURVEY RESULTS REFLECTED THE QUALITY OF CARE PROVIDED BY OUR CAREGIVERS IN A LARGE, COMPLEX HEALTHCARE SYSTEM. THE OVERWHELMING MAJORITY OF THEIR PRELIMINARY FINDINGS WERE IN LOW TO MODERATE AND LIMITED AND NO FINDINGS IN HIGH/WIDESPREAD. COMPARED TO OUR 2019 SURVEY, WE HAD 1/3 LESS FINDINGS OVERALL AND 2/3 LESS FINDINGS IN "PATTERNED- OR "WIDESPREAD". THE SURVEYORS COMMENTED ON MANY OC
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON BEHALF OF THE HOSPITAL ("ECMC"), THE ECMC FOUNDATION RAISED, HELD, AND ADMINISTERED FUNDS THAT WERE INVESTED INTO ACHIEVING THE HIGHEST QUALITY OF HEALTHCARE AND TRAUMA CARE FOR PATIENTS, REGARDLESS OF THEIR RACE, GENDER, ETHNICITY, INCOME, OR INSURANCE STATUS. SUCH FUNDS WERE UTILIZED FOR FREE HEALTHCARE PROGRAMS, WELLNESS SEMINARS, AND COMMUNITY OUTREACH PROGRAMS IN THE CITY OF BUFFALO AND WESTERN NEW YORK. ECMC FOUNDATION'S MOBILE MAMMOGRAPHY COACH IS AN EXAMPLE OF A HEALTHCARE/EDUCATIONAL/WELLNESS PROGRAM FOR WOMEN THAT HAS BENEFITED FROM THE FINANCIAL RESOURCES THAT HAVE BEEN RAISED BY ECMC FOUNDATION. THE MOBILE SCREENING PROGRAM TRAVELS TO OFF-SITE LOCATIONS AND OFFERS FREE WALK-ON SCREENINGS FOR WOMEN, REGARDLESS OF THEIR INSURANCE STATUS, IN ADDITION TO BREAST HEALTH EDUCATION. ECMC FOUNDATION'S SUMMER YOUTH HEALTHCARE INTERNSHIP PROGRAM IS ANOTHER EXAMPLE OF HOW FUNDS RAISED BY ECMC FOUNDATION HAVE CONTRIBUTED TO IMPROVING HEALTH CARE EDUCATION FOR YOUNG CITIZENS. THE INTERNSHIP ALLOWS HIGH SCHOOL STUDENTS TO EXPLORE CAREERS IN MEDICAL FIELDS AND THE HEALTH SCIENCES WHILE RECEIVING MENTORING BY HEALTHCARE PROFESSIONALS IN A HOSPITAL SETTING. EACH YEAR THE SUMMER YOUTH PROGRAM HAS 120 YOUTH PARTICIPANTS. ECMC FOUNDATION'S FUNDS HAVE ALSO CONTRIBUTED TO ADVANCEMENTS THAT HAVE BEEN MADE IN HOSPITAL STAFF TRAINING PROGRAMS AND EMPLOYEE EDUCATION SEMINARS. ECMC FOUNDATION PERIODICALLY PROVIDES FINANCIAL AND ADMINSTRATIVE SUPPORT FOR CAPITAL IMPROVEMENTS AT ECMC, INCLUDING INNOVATIONS IN TECHNOLOGY, MEDICAL EQUIPMENT, AND SAFETY FOR HOSPITAL PATIENTS AND EMPLOYEES. ECMC FOUNDATION'S ABILITY TO ADMINISTER DONOR REQUESTS AND/OR HOSPITAL NEEDS HAS HELPED ECMC BECOME ONE OF THE LEADING PUBLIC HOSPITALS IN THE CITY OF BUFFALO AND WESTERN NEW YORK COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan M Gonzalez Executive Di | Officer | 40 | $202,935 |
Angela Vacanti Secretary | OfficerTrustee | 1 | $0 |
Garney Davis Jr Director | Trustee | 1 | $0 |
Daniel M Boscarino Director | Trustee | 1 | $0 |
Todd W Brason Director | Trustee | 3 | $0 |
Shawn P Connolly Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,046,632 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,180,516 |
| Noncash contributions included in lines 1a–1f | $458,793 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,227,148 |
| Total Program Service Revenue | $43,695 |
| Investment income | $48,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,318,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $863,238 |
| 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. | $240,393 |
| Compensation of current officers, directors, key employees. | $99,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,267 |
| Pension plan accruals and contributions | $77,951 |
| Other employee benefits | $0 |
| Payroll taxes | $30,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,488 |
| Advertising and promotion | $0 |
| Office expenses | $70,202 |
| 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 | $7,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,244 |
| Insurance | $28,836 |
| All other expenses | $0 |
| Total functional expenses | $1,630,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,234,581 |
| Savings and temporary cash investments | $3,339,391 |
| Pledges and grants receivable | $2,663,949 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $401,306 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,231 |
| Net Land, buildings, and equipment | $1,220 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,238 |
| Total assets | $7,708,916 |
| Accounts payable and accrued expenses | $22,006 |
| Grants payable | $0 |
| Deferred revenue | $509,026 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $595,956 |
| 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 | $2,522,246 |
| Total liabilities | $3,649,234 |
| Net assets without donor restrictions | $2,498,842 |
| Net assets with donor restrictions | $1,560,840 |
| 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 | $7,708,916 |
Grants Awarded
Over the last fiscal year, Ecmc Foundation Inc has awarded $6,194,179 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ERIE COUNTY MEDICAL CENTER CORP PURPOSE: TO AID MEDICAL CENTE | $629,408 |
ERIE COUNTY MEDICAL CENTER CORP PURPOSE: EMERGENCY DEPT EXPAN | $5,564,771 |