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Nonprofiteer
← ST MARYS FOUNDATION FOR CHILDREN

Form 990 for tax year 2022

Filed by ST MARYS FOUNDATION FOR CHILDREN.

Totals

Total revenue
$4,076,712
Total expenses
$1,812,961
Contributions and grants received
$3,434,377
Grants paid
$1,221,155
Program service revenue
$0
Investment income
$707,955
Other revenue
-$65,620
Total assets, end of year
$45,154,553
Total liabilities, end of year
$47,810,272
Net assets or fund balances, end of year
-$2,655,719
Program services expenses (Part IX)
$1,221,155
Management and general expenses
$243,647
Fundraising expenses
$348,159
Program service expenses (Part III)
$1,221,155

Program services were 67.4% 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.

  • 1c · Fundraising events

    $884,840

  • 1f · All other contributions, gifts and grants

    $2,549,537

  • 1g · Noncash contributions included above

    $61,790

  • 3 · Investment income

    total $452,727 · excluded $452,727

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $255,228

  • 7c · Gain or loss

    securities $255,228

  • 7d · Net gain or loss

    total $255,228 · excluded $255,228

  • 8a · Fundraising events: gross income

    $155,820

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

    $884,840

  • 8b · Fundraising events: direct expenses

    $221,440

  • 8c · Net income from fundraising events

    total -$65,620 · excluded -$65,620

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,221,155 · program services $1,221,155

  • 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

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $369,019 · management and general $114,774 · fundraising $254,245

  • 8 · Pension plan contributions

    total $25,327 · management and general $7,878 · fundraising $17,449

  • 9 · Other employee benefits

    total $86,009 · management and general $26,750 · fundraising $59,259

  • 10 · Payroll taxes

    total $24,315 · management and general $7,563 · fundraising $16,752

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $9,011 · management and general $9,011

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $22,742 · management and general $22,742

  • 14 · Information technology

    total $50,971 · management and general $50,971

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $454 · fundraising $454

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $125 · management and general $125

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Bank Fees

    total $3,833 · management and general $3,833

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,452,710 · end of year $1,372,307

  • 2 · Savings and temporary cash investments

    beginning of year $17,733,368 · end of year $43,603,721

  • 3 · Pledges and grants receivable

    beginning of year $137,562 · end of year $43,525

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $135,000

  • 10c · Land, buildings and equipment, net

    beginning of year $135,000 · end of year $135,000

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,496 · end of year $35,862

  • 18 · Grants payable

    beginning of year $20,000,000 · end of year $19,000,000

  • 25 · Other liabilities

    beginning of year $25,013,656 · end of year $28,774,410

  • 27 · Net assets without donor restrictions

    beginning of year -$4,584,512 · end of year -$2,655,719

Mission and programs · 2022

Mission

St. Marys Foundation for Children, Inc. is dedicated to the enhancement of health, safety and quality of life for children with special needs.

Activities or mission (Part I)

St. Mary's Foundation for Children's(the "Foundation")mission is to support the provision of highly specialized care to children and young adults with medically complex special needs.

  • The Foundations primary exempt mission is to fundraise in support of innovative, beneficial and much-needed programs offered by St. Marys Healthcare System for Children, Inc., including but not limited to:Feeding Disorders Program:An estimated 25% of all children have a moderate or severe feeding disorder. Since being formed in 2001, the Center for Pediatric Feeding Disorders at St. Marys Hospital for Children has been New Yorks only intensive day patient program specializing in the evaluation and treatment of pediatric feeding and swallowing disorders. The program serves children with a broad spectrum of eating difficulties, such as nutritional deficiencies, dependence on tube feedings, ongoing weight loss or poor weight gain, food refusal and mealtime tantrums. The program utilizes clinicians from different fields to address the clinical, psychological, behavioral and nutritional factors underlying a pediatric feeding disorder. St. Marys interdisciplinary team focuses on treating the whole child, addressing the clinical and behavioral aspects of their feeding disorder and developing a treatment plan to address their specific needs.Many patients in the Feeding Program are admitted to the program relying primarily or solely on feeding tubes. Nearly all of them are discharged with increased feeding and significantly decreased rates of tube feeding. St. Marys patient outcomes often exceed the expectations of parents and referring physicians, as patients are discharged with the ability to tolerate new foods, improve mealtime behaviors, suck from a straw, and chew or swallow more easily.Healing Arts Program:At St. Marys, the arts are essential to promoting health and well-being in children. Research has demonstrated that artistic expression plays a vital role in the most successful approaches to holistic pediatric healthcare. In addition, art therapy can help improve a patients quality of life and promote physical and emotional wellness by reducing stress, alleviating pain, stimulating expression and communication, and promoting physical rehabilitation and learning. On a more fundamental level, making art is a lot of fun for St. Marys patients and a welcome distraction from the less pleasant aspects of medical treatments, rehabilitation, and therapy.St. Marys Hospital for Children, Inc. has developed a robust arts program to ensure that the children and young adults in the facility can experience the healing power of arts while away from home. The daily art therapy activities consist of group sessions, as well as one-on-one sessions tailored to the childrens individual needs. Under the supervision of certified recreational therapists, the children participate in a wide range of artistic activities, including but not limited to: painting; drawing; constructing collages; sculpting with clay; and making music with assistive musical equipment. The benefits of the Arts for Healing Program to the kids at the hospital have been numerous, including but not limited to: increased independence; greater socialization; increased confidence and self-esteem; an improved sense of well-being; and significant advancements in the childrens therapeutic goals. In short, the arts are critical to keeping St. Marys kids active, happy, and engaged every day.Palliative Care:Over 30 years ago, St. Marys Hospital for Children, Inc. pioneered this countrys first Pediatric Palliative Care Program. Offered alongside appropriate therapies, St. Marys palliative care team works with the other professionals and the patients family to develop a plan of care that provides optimum comfort and addresses individual care goals. Additional resources, education and increased staff support are available for both child and family, including religious and spiritual counseling, if requested. Through specially trained volunteers, complementary therapies, assistance with advance directives and treatment choice guidance, the palliative care program promotes a healing and compassionate environment in the midst of loss.St. Marys offers pediatric palliative care at any time in the childs disease progression, not just at the end of life. Using a multidisciplinary, holistic and patient- and family-centered approach, the program provides the services the patient and family needphysical, emotional and spiritual. These services are delivered by an integrated, caring team that includes experienced professionals in medicine, nursing, social work, psychology, rehabilitation, nutrition, chaplaincy, therapeutic activities as well as trained doula volunteers.Telehealth Program:A core belief of St. Marys Healthcare System for Children, Inc. is that home is generally the most ideal setting to provide health care to a sick child. It contributes to the health and well-being of a child to be in their familiar home setting and with their family instead of an institutionalized setting such as an inpatient facility. In the less restrictive home setting, a child with a special need is able to embark on a richer life filled with family support, education, recreation, and long-term rehabilitation and care. As such, St. Marys always strives to safely discharge our patients from our inpatient facility to a home care setting whenever it is possible to do so without compromising their quality of care.A key component of this objective is the Telehealth Program offered by Extraordinary Home Care d/b/a St. Marys Home Care. Utilizing advanced technology, the Telehealth Program provides preventative care to medically fragile children living in home settings, ensuring that the childs health is being maintained outside of a hospital setting. In conjunction with regularly scheduled home visits, our team of pediatric specialists remotely monitors changes in the childs clinical status and medication adherence allowing our team to identify potential health complications and intervene before the problems escalate to ER visits or hospitalizations.Since being formed in 2014, the Telehealth Program has had numerous positive outcomes for children with special needs and their families. Over the course of just one year, it was found that the program resulted in a 39% reduction in hospitalizations (567 total enrolled patients).

    Expenses $1,221,155 · Grants $1,159,365

As filed on the 2022 return.

Listed in Part VII

  • Edwin F Simpser MD

    PRES, CEO & CMO

    Total calculated
    $1,073,956
    From this org
    $0
    From related orgs
    $1,004,766
    Other
    $69,190
    Hours/week
    1 + 43.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $700,000 related
    Bonus
    not reported + $75,000 related
    Other
    not reported + $229,766 related
    Deferred
    not reported + $41,175 related
    Nontaxable benefits
    not reported + $28,015 related
    Filer's total
    not reported + $1,073,956 related
  • William L Mead

    COO/CFO

    Total calculated
    $629,133
    From this org
    $0
    From related orgs
    $574,846
    Other
    $54,287
    Hours/week
    1 + 43.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $482,449 related
    Bonus
    not reported + $47,500 related
    Other
    not reported + $44,897 related
    Deferred
    not reported + $22,875 related
    Nontaxable benefits
    not reported + $31,412 related
    Filer's total
    not reported + $629,133 related
  • Sean Lally

    VP OF FOUNDATION

    Total calculated
    $394,835
    From this org
    $0
    From related orgs
    $344,135
    Other
    $50,700
    Hours/week
    1.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $301,703 related
    Bonus
    not reported + $29,750 related
    Other
    not reported + $12,682 related
    Deferred
    not reported + $22,628 related
    Nontaxable benefits
    not reported + $28,072 related
    Filer's total
    not reported + $394,835 related
  • Steven Polinsky

    CIO

    Total calculated
    $321,595
    From this org
    $0
    From related orgs
    $282,587
    Other
    $39,008
    Hours/week
    1 + 43.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $238,189 related
    Bonus
    not reported + $23,500 related
    Other
    not reported + $20,898 related
    Deferred
    not reported + $11,290 related
    Nontaxable benefits
    not reported + $27,718 related
    Filer's total
    not reported + $321,595 related
  • Cindy Johnson

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1.5 + 5.5 related
  • Thomas Kissane

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Samuel R Karetsky

    SECRETARY/TREAS

    Total calculated
    $0
    Hours/week
    1 + 7.5 related
  • Jeffrey Levine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 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. 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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

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
25 September 2023
IRS schema version
2022v5.0
Source object
202332689349301088

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