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← FLOATING HOSPITAL FOUNDATION INC

Form 990 for tax year 2022

Filed by FLOATING HOSPITAL FOUNDATION INC.

Totals

Total revenue
$887,967
Total expenses
$924,960
Contributions and grants received
$901,643
Grants paid
$0
Program service revenue
$0
Investment income
$738
Other revenue
-$14,414
Total assets, end of year
$1,260,115
Total liabilities, end of year
$1,541,753
Net assets or fund balances, end of year
-$281,638
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$924,960
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $111,227

  • 1f · All other contributions, gifts and grants

    $790,416

  • 1g · Noncash contributions included above

    $399,154

  • 3 · Investment income

    total $738 · excluded $738

  • 8a · Fundraising events: gross income

    $33,060

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

    $111,227

  • 8b · Fundraising events: direct expenses

    $49,175

  • 8c · Net income from fundraising events

    total -$16,115 · excluded -$16,115

  • 11d · All other revenue

    total $1,701 · excluded $1,701

  • 11e · Other revenue, total

    $1,701

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $73,616 · fundraising $73,616

  • 7 · Other salaries and wages

    total $153,237 · fundraising $153,237

  • 8 · Pension plan contributions

    total $5,898 · fundraising $5,898

  • 9 · Other employee benefits

    total $73,494 · fundraising $73,494

  • 10 · Payroll taxes

    total $7,667 · fundraising $7,667

  • 11g · Fees: other

    total $63,968 · fundraising $63,968

  • 12 · Advertising and promotion

    total $4,600 · fundraising $4,600

  • 13 · Office expenses

    total $33,231 · fundraising $33,231

  • 19 · Conferences, conventions and meetings

    total $3,064 · fundraising $3,064

  • 24a · Other expenses: DONATED CLOTHING & HOUS

    total $398,782 · fundraising $398,782

  • 24b · Other expenses: EVENT EXPENSES

    total $90,322 · fundraising $90,322

  • 24c · Other expenses: CONSUMABLE SUPPLIES

    total $15,080 · fundraising $15,080

  • 24d · Other expenses: DUES & SUBSCRI[TION

    total $2,001 · fundraising $2,001

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,577 · end of year $30,593

  • 2 · Savings and temporary cash investments

    beginning of year $16,655 · end of year $13,577

  • 3 · Pledges and grants receivable

    beginning of year $1,054,043 · end of year $821,458

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,800 · end of year $15,800

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

    $15,286

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,222

  • 10c · Land, buildings and equipment, net

    beginning of year $10,064 · end of year $10,064

  • 11 · Investments: publicly traded securities

    beginning of year $48,050 · end of year $48,362

  • 12 · Investments: other securities

    beginning of year $320,261 · end of year $320,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $261,234 · end of year $47,726

  • 25 · Other liabilities

    beginning of year $1,476,219 · end of year $1,494,027

  • 27 · Net assets without donor restrictions

    beginning of year -$1,392,175 · end of year -$574,944

  • 28 · Net assets with donor restrictions

    beginning of year $1,157,172 · end of year $293,306

Mission and programs · 2022

Mission

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.

  • THE ORGANIZATION RAISES MONEY FOR THE BENEFIT OF FLOATING HOSPITAL.

As filed on the 2022 return.

Listed in Part VII

  • Anthony Brownie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ashley Sandberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carol E Campbell

    OUTGOING CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Maloney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charlene Prounis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dominick Delorenzo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Duglas Seidman

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jane Francisco

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joan C Brancaccio

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Madeleine Richard

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Marianne Rosenberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Martin Tuchman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Maude Askin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Pat Haegele

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Regina Jaslow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tanya D Fische

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wallye Holloway

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sean T Granahan

    PRESIDENT/GENERAL COUNCIL

    Total calculated
    $256,659
    From this org
    $0
    From related orgs
    $211,365
    Other
    $45,294
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,365 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,767 related
    Nontaxable benefits
    $0 + $36,527 related
    Filer's total
    $0 + $256,659 related

  • Ellen Barker

    OUTGOING EXECUTIVE DIRECTOR

    Total calculated
    $73,616
    From this org
    $73,616
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • TFH SERVICES LLC

    RELATED · FINANCING · NY · 95% owned · share of income $380,946 · share of assets $8,573,604 · general or managing partner

    Directly controlled by THE FLOATING HOSPITAL INC

Provenance

Return type
form_990
Tax year
2022
Filed
11 November 2023
IRS schema version
2022v5.0
Source object
202303179349306090

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