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← PAGNY HEALTH AND RESEARCH FOUNDATION INC

Form 990 for tax year 2023

Filed by PAGNY HEALTH AND RESEARCH FOUNDATION INC.

Totals

Total revenue
$239,122
Total expenses
$271,694
Contributions and grants received
$228,226
Grants paid
$0
Program service revenue
$0
Investment income
$4,969
Other revenue
$5,927
Total assets, end of year
$940,418
Total liabilities, end of year
$495,643
Net assets or fund balances, end of year
$444,775
Program services expenses (Part IX)
$159,463
Management and general expenses
$112,231
Fundraising expenses
$0
Program service expenses (Part III)
$159,463

Program services were 58.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $228,226

  • 3 · Investment income

    total $4,969 · related or exempt $0 · unrelated business $0 · excluded $4,969

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $5,927 · excluded $5,927

  • 11e · Other revenue, total

    $5,927

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $132,766 · program services $132,766

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $7,521 · program services $7,521

  • 10 · Payroll taxes

    total $10,496 · program services $10,496

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $14,175 · management and general $14,175

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $25,795 · program services $6,800 · management and general $18,995 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,822 · program services $1,822

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $5 · management and general $5

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $58 · program services $58

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $79,056 · management and general $79,056

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,199,577 · end of year $936,118

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,300 · end of year $4,300

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $207,162 · end of year $190,369

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $519,368 · end of year $57,054

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $248,220

  • 27 · Net assets without donor restrictions

    beginning of year -$293,791 · end of year $155,873

  • 28 · Net assets with donor restrictions

    beginning of year $771,138 · end of year $288,902

Mission and programs · 2023

Mission

THE FOUNDATION PROVIDES A STRONG NETWORK TO SUPPORT EXPERIENCED, MID-CAREER, AND NOVICE RESEARCHERS WHO SEEK GRANTS TO CONDUCT BIOMEDICAL AND HEALTH SERVICES RESEARCH TO FURTHER PHYSICIAN AFFILIATE GROUP OF NEW YORK, P.C.'S MISSION OF ENHANCING THE QUALITY OF HEALTHCARE FOR ALL NEW YORKERS. A MAJOR FOCUS OF THE FOUNDATION IS THE STUDY OF THE FACTORS THAT CONTRIBUTE TO PHYSICIANS' WELLNESS AND TO DEVELOP INNOVATIVE PROGRAMS AND INTERVENTIONS TO PROMOTE PHYSICIAN ENGAGEMENT AND PROVIDE GREATER WORK-LIFE BALANCE AND SATISFACTION.

Activities or mission (Part I)

FOSTER AND PROMOTE HEALTH,ADVANCES IN THE HEALTHCARE FIELD, & THE GROWTH AND AVAILABILITY OF QUALITY HEALTHCARE SERVICES FOR THE BETTERMENT OF GENERAL HEALTH OF COMMUNITIES WE SERVE.

  • THE FOUNDATION PROVIDES A STRONG NETWORK TO SUPPORT EXPERIENCED, MID-CAREER, AND NOVICE RESEARCHERS WHO SEEK GRANTS TO CONDUCT BIOMEDICAL AND HEALTH SERVICES RESEARCH TO FURTHER PHYSICIAN AFFILIATE GROUP OF NEW YORK, P.C.'S, a related 501(c)(3) organization, MISSION OF ENHANCING THE QUALITY OF HEALTHCARE FOR ALL NEW YORKERS. A MAJOR FOCUS OF THE FOUNDATION IS THE STUDY OF THE FACTORS THAT CONTRIBUTE TO PHYSICIANS' WELLNESS AND TO DEVELOP INNOVATIVE PROGRAMS AND INTERVENTIONS TO PROMOTE PHYSICIAN ENGAGEMENT AND PROVIDE GREATER WORK-LIFE BALANCE AND SATISFACTION. the Foundation did not initiate any new programs and remained focused on completing and evaluating the outcomes of its existing initiatives.

    Expenses $159,463

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edward Chew MD

    INTERIM CEO

    Total calculated
    $736,468
    From this org
    $0
    From related orgs
    $656,112
    Other
    $80,356
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $609,135 related
    Bonus
    $0 + $44,300 related
    Other
    $0 + $2,677 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $47,356 related
    Filer's total
    $0 + $736,468 related

  • Diana Goell Voigt

    SECRETRARY (THRU 03/15/2024)

    Total calculated
    $546,496
    From this org
    $0
    From related orgs
    $466,140
    Other
    $80,356
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,640 related
    Bonus
    $0
    Other
    $0 + $3,500 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $47,356 related
    Filer's total
    $0 + $546,496 related

  • James Michael Haller

    TREASURER (THRU 10/20/2023)

    Total calculated
    $523,914
    From this org
    $0
    From related orgs
    $456,359
    Other
    $67,555
    Hours/week
    1 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $455,775 related
    Bonus
    $0
    Other
    $0 + $584 related
    Deferred
    $0 + $28,073 related
    Nontaxable benefits
    $0 + $39,482 related
    Filer's total
    $0 + $523,914 related

  • Bijan Safai MD

    PRESIDENT

    Total calculated
    $401,288
    From this org
    $0
    From related orgs
    $324,675
    Other
    $76,613
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,509 related
    Bonus
    $0 + $33,065 related
    Other
    $0 + $2,101 related
    Deferred
    $0 + $29,257 related
    Nontaxable benefits
    $0 + $47,356 related
    Filer's total
    $0 + $401,288 related

  • Andrew Wiznia MD

    DIRECTOR

    Total calculated
    $372,103
    From this org
    $0
    From related orgs
    $312,903
    Other
    $59,200
    Hours/week
    1 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,993 related
    Bonus
    $0 + $33,100 related
    Other
    $0 + $3,810 related
    Deferred
    $0 + $28,077 related
    Nontaxable benefits
    $0 + $31,123 related
    Filer's total
    $0 + $372,103 related

  • Anthony Mirdita

    CFO (AS OF 10/23/2023)

    Total calculated
    $64,293
    From this org
    $0
    From related orgs
    $53,811
    Other
    $10,482
    Hours/week
    1 + 40 related

  • Lilliam Barrios-Paoli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19

  • Joseph T English MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19

  • Rosa Gil Dsw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART 1, LINE 3:
THE TOP MANAGEMENT OFFICIAL IS COMPENSATED BY PHYSICIAN AFFILIATE GROUP OF NEW YORK, P.C. ("PAGNY"), AN AFFILIATED 501(C)(3) ORGANIZATION, WHICH HAS ESTABLISHED THE COMPENSATION USING: - FORM 990 OF OTHER ORGANIZATION - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD THE BOARD OF DIRECTORS OF PAGNY Health and Research Foundation Inc DO NOT RECEIVE COMPENSATION AS OFFICERS OF THE ORGANIZATION; THEY RECEIVE COMPENSATION AS EMPLOYEES OF PAGNY PURSUANT TO AN AFFILIATION AGREEMENT BETWEEN PAGNY AND NYC HEALTH + HOSPITALS, WHICH IS A PUBLIC BENEFIT CORPORATION. PAGNY CONDUCTS SURVEYS OF EXECUTIVE COMPENSATION TO COMPARE MARKET DATA OF SIMILAR ORGANIZATIONS TO RECOMMEND SALARIES FOR THE CEO AND OTHER TOP MANAGEMENT OFFICIALS. THE CEO'S SALARY IS DETERMINED BY THE PAGNY BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349310154

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