Island Health Project Inc
- Assets
- $9.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Fishers Island, NY
- Founding
- 08/1974
- Data as of
- 12/2021
- EIN
- 23-7391122
Organization Overview
Island Health Project Inc is located in Fishers Island, NY. The organization was established in 1974. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2021, Island Health Project Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Health Project 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, Island Health Project Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $607.5k during the year ending 12/2021. While expenses have increased by 5.4% 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 PURPOSE OF THE ORGANIZATION IS TO SUPPORT THE PROVISION OF QUALITY HEALTH CARE TO THE RESIDENTS OF FISHERS ISLAND, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISLAND HEALTH PROJECT SUPPORTED THE PROVISION OF QUALITY HEALTH CARE TO FISHERS ISLAND RESIDENTS. THERE ARE NO OTHER HEALTH CARE FACILITIES ON THE ISLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianna Shillo Nonvoting-Dir | Trustee | 11 | $20,214 |
Sharon Patterson Secretary | Officer | 5 | $9,261 |
Suzanne Parsons President | OfficerTrustee | 10 | $0 |
Diane M Baker Vice President | OfficerTrustee | 1 | $0 |
Richard Miller Treasurer | OfficerTrustee | 4 | $0 |
Malcolm Miller Ass't Treasurer | 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 | $729,383 |
| Noncash contributions included in lines 1a–1f | $84,201 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $729,383 |
| Total Program Service Revenue | $2,500 |
| Investment income | $133,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $216,253 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,082,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $90,129 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,844 |
| 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 | $56,378 |
| Insurance | $40,451 |
| All other expenses | $15,356 |
| Total functional expenses | $607,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,342 |
| Net Land, buildings, and equipment | $1,571,143 |
| Investments—publicly traded securities | $7,861,239 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,778,284 |
| Accounts payable and accrued expenses | $28,661 |
| 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 | $0 |
| Total liabilities | $28,661 |
| Net assets without donor restrictions | $9,578,108 |
| Net assets with donor restrictions | $171,515 |
| 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 | $9,778,284 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Island Health Project Inc has recieved totaling $122,857.
| Awarding Organization | Amount |
|---|---|
Fairfield Foundation Tr New York, NY PURPOSE: HEALTH SERVICES | $30,000 |
Fleetwood Foundation St Paul, MN PURPOSE: OPERATING | $16,000 |
Frederic C Hamilton Family Foundation Centennial, CO PURPOSE: HEALTH CARE CLINICS | $13,750 |
Jeanann Gray Dunlap Foundation Cincinnati, OH PURPOSE: GRANT | $10,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $8,450 |
Endowment Analysis
| Beg. Balance | $6,449,866 |
| Earnings | $930,812 |
| Net Contributions | $534,201 |
| Other Expense | $1,500 |
| Ending Balance | $7,913,379 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Project Inc New York, NY | $98,075,603 | $99,211,868 |
Riverbend Medical Group Inc Hartford, CT | $29,434,507 | $79,136,348 |
Signature Healthcare Medical Group Inc Brockton, MA | $35,048,796 | $73,463,169 |
Harbor Health Services Inc Mattapan, MA | $64,061,825 | $83,480,728 |
Morris Heights Health Center Inc Bronx, NY | $82,782,055 | $68,846,088 |
Greater Lawrence Family Health Center Inc Methuen, MA | $53,771,821 | $80,885,581 |
Cornell Scott Hill Health Corporation New Haven, CT | $53,591,940 | $82,156,450 |
Greater Philadelphia Health Action Philadelphia, PA | $86,083,655 | $90,116,312 |
Lynn Community Health Inc Lynn, MA | $37,031,099 | $77,579,888 |
Refuah Health Center Inc Spring Valley, NY | $86,079,660 | $83,793,686 |
William F Ryan Community Health Center Inc New York, NY | $83,034,128 | $83,576,380 |
Oda Primary Health Care Network Inc Brooklyn, NY | $45,936,097 | $71,824,899 |