Mother Cabrini Health Foundation
- Assets
- $3.5b
- Revenue
- $70.6m
- Investments
- $2.8b
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 83-0590263
Organization Overview
Mother Cabrini Health Foundation is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mother Cabrini Health 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 12/2022, Mother Cabrini Health Foundation generated $70.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (52.4%) each year. All expenses for the organization totaled $226.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mother Cabrini Health Foundation has awarded 3,121 individual grants totaling $702,126,628. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
SEE GENERAL TAXPAYER STATEMENT 1 & 2
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Mustaciuolo Chief Executive Officer | 45 | $713,802 | |
Colin Ambrose Chief Investment Officer | 45 | $1,630,221 | |
David Horne Chief Financial Officer | 45 | $424,839 | |
Channon Lucas Chief Administrative Officer | 45 | $469,217 | |
Linzie Steinbach Chief Compliance Officer | 45 | $336,037 | |
Daniel Frascella Chief Programs And Grants Officer | 45 | $396,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Loeb & Loeb Llp | 12/30/22 | $850,745 |
Echo Street Capital Management Llc | 12/30/22 | $839,351 |
Shapiro Capital Management Llc | 12/30/22 | $811,434 |
Bls Capital | 12/30/22 | $808,650 |
Lyrical Asset Management Lp | 12/30/22 | $646,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,481 |
| Dividends & Interest | $32,660,825 |
| Net Rental Income | -$4,130,202 |
| Net Gain on Sale of Assets | $25,342,466 |
| Capital Gain Net Income | $18,346,850 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,329,393 |
| Total Revenue | $70,610,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,108,596 |
| Other employee salaries and wages | $10,996,195 |
| Pension plans, employee benefits | $4,000,452 |
| Interest | $24,740 |
| Taxes | $421,024 |
| Depreciation | $486,616 |
| Occupancy | $2,149,247 |
| Travel, conferences, and meetings | $211,583 |
| Printing and publications | $166,431 |
| Other expenses | $10,148,044 |
| Total operating and administrative expenses | $59,985,204 |
| Contributions, gifts, grants paid | $166,494,573 |
| Total expenses and disbursements | $226,479,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $494,483,346 |
| Net Accounts receivable | $39,224,505 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,349,460 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,478,893,641 |
| Net Land, buildings, and equipment | $137,402,815 |
| Other assets | $14,594,054 |
| Total assets | $3,500,304,780 |
| Accounts payable and accrued expenses | $6,759,182 |
| Grants payable | $14,348,981 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $13,197,202 |
| Total liabilities | $34,305,365 |
Grants Awarded
Over the last fiscal year, Mother Cabrini Health Foundation has awarded $190,855,409 in support to 740 organizations.
| Grant Recipient | Amount |
|---|---|
1199SEIU LEAGUE TRAINING AND UPGRADING FUND PURPOSE: 2023 NYC COMMUNITY HEALTH WORKER TRAINING PROJECT | $300,000 |
ACADEMY OF MEDICAL AND PUBLIC HEALTH SERVICES INC PURPOSE: IMMIGRANT MENTAL HEALTH INITIATIVE EXPANSION | $100,000 |
ACADEMY OF MOUNT ST URSULA PURPOSE: SOCIAL EMOTIONAL LEARNING PROGRAM SY & SUMMER EXPANSION | $75,000 |
ACDS PURPOSE: ACDS: EXPANSION OF EARLY CHILDHOOD SPECIAL EDUCATION SERVICES TO PELHAM | $140,000 |
ACTION FOR A BETTER COMMUNITY INC PURPOSE: BRIDGES TO SUCCESS | $325,000 |
ADAPTIVE DESIGN ASSOCIATION INC PURPOSE: MADE-TO-LEARN FOR YOUTH WITH AUTISM | $75,000 |