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Nonprofiteer
← CAYUGA MEDICAL CENTER FOUNDATION

Form 990 for tax year 2022

Filed by CAYUGA MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$270,187
Total expenses
$595,175
Contributions and grants received
$275,442
Grants paid
$99,741
Program service revenue
$0
Investment income
-$5,255
Other revenue
$0
Total assets, end of year
$17,601,450
Total liabilities, end of year
$13,642,914
Net assets or fund balances, end of year
$3,958,536
Program services expenses (Part IX)
$101,778
Management and general expenses
$65,767
Fundraising expenses
$427,630
Program service expenses (Part III)
$101,778

Program services were 17.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $275,442

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $22,902 · related or exempt $0 · unrelated business $0 · excluded $22,902

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,030,326 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $1,058,483 · other assets $0

  • 7c · Gain or loss

    securities -$28,157 · other assets $0

  • 7d · Net gain or loss

    total -$28,157 · related or exempt $0 · unrelated business $0 · excluded -$28,157

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $99,741 · program services $99,741

  • 11a · Fees: management

    total $52,800 · management and general $52,800

  • 11c · Fees: accounting

    total $7,729 · management and general $7,729

  • 11e · Fees: professional fundraising services

    total $427,630 · fundraising $427,630

  • 11g · Fees: other

    total $393 · management and general $393

  • 14 · Information technology

    total $4,710 · management and general $4,710

  • 23 · Insurance

    total $135 · management and general $135

  • 24e · All other expenses

    total $2,037 · program services $2,037

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $663,451 · end of year $533,612

  • 2 · Savings and temporary cash investments

    beginning of year $753,450 · end of year $1,450,237

  • 3 · Pledges and grants receivable

    beginning of year $7,125 · end of year $485,782

  • 4 · Accounts receivable

    beginning of year $99,702 · end of year $139,662

  • 9 · Prepaid expenses and deferred charges

    beginning of year $405

  • 11 · Investments: publicly traded securities

    beginning of year $1,027,535 · end of year $997,777

  • 12 · Investments: other securities

    beginning of year $17,144,727 · end of year $13,994,110

  • 15 · Other assets

    end of year $270

  • 17 · Accounts payable and accrued expenses

    beginning of year $671,744 · end of year $1,136,982

  • 25 · Other liabilities

    beginning of year $13,640,375 · end of year $12,505,932

  • 27 · Net assets without donor restrictions

    beginning of year $553,408 · end of year $153,057

  • 28 · Net assets with donor restrictions

    beginning of year $4,830,868 · end of year $3,805,479

Mission and programs · 2022

Mission

To provide funds to or for the benefit of Cayuga Medical Center at Ithaca, so as to promote the health and welfare of the community by soliciting, accepting, holding, investing and reinvesting gifts, grants, contributions, devices, benefits or trusts, endowments and property of any kind without limitations as to the amount or value.

Activities or mission (Part I)

To provide assistance to Cayuga Medical Center so as to provide health and welfare mainly through fund raising, investment activities, funding for capital equipment and providing education scholarships relating to the healthcare field.

  • Health education assistance provides funds to assist individuals to obtain education in the heathcare field.

    Expenses $101,778 · Grants $99,741

As filed on the 2022 return.

Listed in Part VII

  • Julie Crowley

    Trustee

    Total calculated
    $0
    Hours/week
    0 + 0.5 related

  • Mark Kreydt

    Trustee

    Total calculated
    $0
    Hours/week
    0 + 0.5 related

  • Andy Sciarabba

    Trustee

    Total calculated
    $0
    Hours/week
    0 + 0.5 related

  • Lisa Seyfried

    Trustee

    Total calculated
    $0
    Hours/week
    0 + 0.5 related

  • Brian Wilbur

    President

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Thomas Evans

    Vice President

    Total calculated
    $0
    Hours/week
    0 + 0.5 related

  • Markeisha Miner

    Secretary

    Total calculated
    $0
    Hours/week
    0 + 0.5 related

  • Jerry Mickelson

    Treasurer

    Total calculated
    $0
    Hours/week
    0 + 0.5 related

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.

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
2022
Filed
6 September 2023
IRS schema version
2022v5.0
Source object
202332989349301613

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