Floating Hospital Foundation Inc
- Assets
- $1.5m
- Revenue
- $3.9m
- Investments
- $320.3k
- Employees
- 3
- Location
- New York, NY
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 30-0102842
Organization Overview
Floating Hospital Foundation Inc is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Floating Hospital Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floating Hospital 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 12/2021, Floating Hospital Foundation Inc generated $3.9m in total revenue. All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 84.4% 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 ORGANIZATION IS A TYPE I SUPPORTING ORGANIZATION THAT RAISES FUNDS FOR AND SUPPORTS THE FLOATING HOSPITAL, INC. THE FLOATING HOSPITAL, INC. IS DEDICATED TO PROVIDING CHARITABLE PRIMARY HEALTH CARE SERVICES TO A LARGELY UNDERSERVED POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RAISES MONEY FOR THE BENEFIT OF FLOATING HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Barker Executive Direrctor | Officer | 35 | $130,905 |
Carol E Campbell Co-Chair | OfficerTrustee | 1 | $0 |
Joan C Brancaccio Co-Chair & Treasurer | OfficerTrustee | 1 | $0 |
Regina Jaslow Vice Chair & Treasurer | OfficerTrustee | 1 | $0 |
S Stiles Nyerere Ougoing Executive VP | Officer | 2 | $0 |
Sean T Granahan President/general Council | Officer | 5 | $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 | $3,879,990 |
| Noncash contributions included in lines 1a–1f | $1,525,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,879,990 |
| Total Program Service Revenue | $0 |
| Investment income | $615 |
| 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 | $3,880,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,997,430 |
| 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. | $130,905 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,107 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,727 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,227 |
| Advertising and promotion | $0 |
| Office expenses | $48,812 |
| Information technology | $8,550 |
| 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 | $230 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,726 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,019,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,577 |
| Savings and temporary cash investments | $16,655 |
| Pledges and grants receivable | $1,054,043 |
| 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 | $15,800 |
| Net Land, buildings, and equipment | $10,064 |
| Investments—publicly traded securities | $48,050 |
| Investments—other securities | $320,261 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,502,450 |
| Accounts payable and accrued expenses | $261,234 |
| 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 | $1,476,219 |
| Total liabilities | $1,737,453 |
| Net assets without donor restrictions | -$1,392,175 |
| Net assets with donor restrictions | $1,157,172 |
| 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 | $1,502,450 |
Grants Awarded
Over the last fiscal year, Floating Hospital Foundation Inc has awarded $1,997,430 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Long Island City, NY PURPOSE: SUPPORT FOR THE FLOATING HOSPITAL, INC. | $1,918,700 |
TFH SERVICES LLC PURPOSE: GENERAL SUPPORT | $78,730 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Floating Hospital Foundation Inc has recieved totaling $32,853.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $32,853 |
Endowment Analysis
| Net Contributions | $12,000 |
| Ending Balance | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Monmouth Medical Center Foundation Inc Oceanport, NJ | $47,507,975 | $18,905,693 |