Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,264,486

• 1f · All other contributions, gifts and grants

  $143,244

• 1g · Noncash contributions included above

  $8,000

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $360,234,224 · related or exempt $360,234,224

• 3 · Investment income

  total $971,458 · excluded $971,458

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

  total $207,419 · excluded $207,419

• 6a · Gross rents

  real property $249,551

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $249,551

• 6d · Net rental income or loss

  total $249,551 · excluded $249,551

• 7a · Gross sales of assets other than inventory

  securities $3,158,879

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

  securities $2,646,178

• 7c · Gain or loss

  securities $512,701

• 7d · Net gain or loss

  total $512,701 · excluded $512,701

• 11a · Other revenue: DISASTER RECOVERY

  total $4,451,634 · related or exempt $4,451,634

• 11b · Other revenue: CAFETERIA REVENUE

  total $353,861 · related or exempt $353,861

• 11c · Other revenue: AUXILIARY SERVICES

  total $153,591 · related or exempt $153,591

• 11d · All other revenue

  total $466,632 · related or exempt $466,632

• 11e · Other revenue, total

  $5,425,718

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $29,605,678 · program services $29,605,678

• 5 · Compensation of officers, directors and key employees

  total $726,991 · program services $634,227 · management and general $92,764

• 6 · Compensation of disqualified persons

  total $915,424 · program services $798,616 · management and general $116,808

• 7 · Other salaries and wages

  total $130,441,257 · program services $113,796,953 · management and general $16,644,304

• 8 · Pension plan contributions

  total $5,461,307 · program services $4,764,444 · management and general $696,863

• 9 · Other employee benefits

  total $32,733,784 · program services $28,556,953 · management and general $4,176,831

• 10 · Payroll taxes

  total $9,932,714 · program services $8,665,300 · management and general $1,267,414

• 11b · Fees: legal

  total $2,220,701 · program services $1,937,340 · management and general $283,361

• 11c · Fees: accounting

  total $108,910 · management and general $108,910

• 11d · Fees: lobbying

  total $137,395 · management and general $137,395

• 11f · Fees: investment management

  total $35,317 · management and general $35,317

• 11g · Fees: other

  total $65,566,492 · program services $57,320,071 · management and general $8,246,421

• 12 · Advertising and promotion

  total $203,104 · program services $177,188 · management and general $25,916

• 13 · Office expenses

  total $4,604,020 · program services $189,136 · management and general $4,414,884

• 14 · Information technology

  total $2,196,055 · program services $1,915,838 · management and general $280,217

• 16 · Occupancy

  total $11,338,547 · program services $9,891,748 · management and general $1,446,799

• 17 · Travel

  total $43,478 · program services $37,930 · management and general $5,548

• 19 · Conferences, conventions and meetings

  total $25,265 · program services $22,041 · management and general $3,224

• 20 · Interest

  total $3,849,623 · program services $3,358,411 · management and general $491,212

• 22 · Depreciation, depletion and amortization

  total $25,067,077 · program services $21,868,518 · management and general $3,198,559

• 23 · Insurance

  total $5,322,317 · program services $4,643,189 · management and general $679,128

• 24a · Other expenses: MEDICAL SUPPLIES

  total $55,147,251 · program services $48,110,462 · management and general $7,036,789

• 24b · Other expenses: SUB-AWARDS

  total $1,271,330 · program services $1,271,330

• 24c · Other expenses: TAXES & FEES

  total $456,790 · program services $398,504 · management and general $58,286

• 24d · Other expenses: TRAINEES & STUDENTS

  total $104,455 · program services $104,455

• 24e · All other expenses

  total $292,098 · program services $254,826 · management and general $37,272

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $24,270,590 · end of year $9,141,498

• 2 · Savings and temporary cash investments

  beginning of year $6,059,500 · end of year $12,373,875

• 4 · Accounts receivable

  beginning of year $31,144,750 · end of year $55,799,748

• 8 · Inventories for sale or use

  beginning of year $7,683,256 · end of year $9,059,455

• 9 · Prepaid expenses and deferred charges

  beginning of year $330,238 · end of year $451,864

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

  $462,484,061

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

  $241,728,297

• 10c · Land, buildings and equipment, net

  beginning of year $221,240,580 · end of year $220,755,764

• 11 · Investments: publicly traded securities

  beginning of year $3,566,078 · end of year $24,309,464

• 12 · Investments: other securities

  beginning of year $25,032,805 · end of year $25,032,805

• 13 · Investments: program-related

  beginning of year $2,100,000 · end of year $2,100,000

• 15 · Other assets

  beginning of year $38,549,769 · end of year $39,122,407

• 17 · Accounts payable and accrued expenses

  beginning of year $63,843,073 · end of year $69,140,032

• 20 · Tax-exempt bond liabilities

  beginning of year $66,253,896 · end of year $65,991,851

• 23 · Secured mortgages and notes payable

  beginning of year $29,442,360 · end of year $27,188,005

• 25 · Other liabilities

  beginning of year $175,202,318 · end of year $225,640,112

• 27 · Net assets without donor restrictions

  beginning of year $21,333,560 · end of year $5,843,147

• 28 · Net assets with donor restrictions

  beginning of year $3,902,359 · end of year $4,343,733

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE COMPENSATION COMMITTEE IS COMPRISED OF THE CHIEF EXECUTIVE OFFICER, THE CHAIRPERSON OF THE BOARD OF DIRECTORS AND SELECTED MEMBERS OF THE BOARD OF DIRECTORS. AN EXECUTIVE COMPENSATION CONSULTANT IS INVITED TO PRESENT DATA AND TRENDS TO THIS COMMITTEE EVERY TWO TO THREE YEARS FOR THEIR REVIEW AND EVALUATION OF THE CURRENT SALARIES AND FRINGE BENEFITS OF THE CEO AND OTHER OFFICERS AND KEY EMPLOYEES OF LICH AS COMPARED TO OTHER LIKE ORGANIZATIONS. IN SETTING COMPENSATION LEVELS FOR EACH EXECUTIVE, THE COMMITTEE COMPARES EACH BASE SALARY AND TOTAL CASH COMPENSATION LEVEL TO MARKET COMPARISON DATA (BASED ON HEALTHCARE SYSTEMS WITH COMPARABLY SIZED OPERATIONAL BUDGETS), ORGANIZATIONAL SUCCESS AGAINST PREDETERMINED OBJECTIVES, AND INDIVIDUAL PERFORMANCE AGAINST PREDETERMINED OPERATIONAL GOALS. THE CEO, WILL BE EXCUSED FROM THE MEETING OF THE EXECUTIVE COMPENSATION COMMITTEE, FOR A REVIEW OF THE CEO'S COMPENSATION. AGAIN, THE COMMITTEE WILL USE INDUSTRY STANDARDS FROM COMPARABLY SIZED OPERATIONAL BUDGETS, ORGANIZATIONAL SUCCESS AGAINST PREDETERMINED OBJECTIVES, AND INDIVIDUAL PERFORMANCE AGAINST PREDETERMINED OPERATIONAL GOALS, TO ESTABLISH THE CEO'S COMPENSATION. THE EXECUTIVE COMPENSATION COMMITTEE WILL MAKE RECOMMENDATIONS FOR ALL COMPENSATION. THE INFORMATION IS PRESENTED TO THE OVERALL LONG ISLAND COMMUNITY HOSPITAL BOARD, SUBJECT TO RATIFICATION OF THE BOARD OF DIRECTORS.

PART I, LINES 4A-B

PART I, LINE 4A: RICHARD T. MARGULIS, FORMER PRESIDENT & CHIEF EXECUTIVE OFFICER RECEIVED A SEVERANCE PAYMENT OF $422,307 UPON HIS RETIREMENT ON JULY 1, 2023. PART I, LINE 4B: THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SERP DURING CALENDAR YEAR 2023. THE AMOUNTS LISTED BELOW REPRESENT THE EMPLOYER CONTRIBUTIONS TO THESE PLANS FOR CALENDAR YEAR 2023. THESE AMOUNTS ARE REPORTED AS SHARED COSTS BETWEEN NYU LANGONE HOSPITALS ("NYULH") AND NYU GROSSMAN SCHOOL OF MEDICINE ("SOM"). ANDREW W. BROTMAN, MD - $1,621,219; JOSEPH J. GRECO, MD - $410,368; JOSEPH J. LHOTA - $935,698; AND VICKI MATCH SUNA, AIA - $663,784. THE SERP CONTRIBUTIONS WERE MADE PURSUANT TO NEGOTIATED AGREEMENTS WITH THE LISTED INDIVIDUALS.

FORM 990, SCHEDULE J, PART II, COL. (F)

THE FOLLOWING INDIVIDUALS' OTHER REPORTABLE COMPENSATION (COL. (B)(II)) INCLUDES A TAXABLE SERP DURING CALENDAR YEAR 2023. THIS AMOUNT INCLUDES SERP CONTRIBUTIONS REPORTED ON A PRIOR FORM 990 AS DEFERRED COMPENSATION. THIS AMOUNT IS REPORTED AS A SHARED COST BETWEEN NYULH AND SOM. ANDREW W. BROTMAN, MD - $1,716,796; JOSEPH J. LHOTA - $990,253; VICKI MATCH SUNA, AIA - $702,484; AND JOSEPH J. GRECO, MD - $434,544.

Related partnerships

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

• NYU LANGONE DIAGNOSTICS LLC

  OUTREACH TESTING · NY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CCC 550 INSURANCE SCC

  C · SELF-INSURANCE · BB

• LA PIETRA SRL

  C · HOLDS PROPERTY COMPRISING NYU'S FLORENCE CAMPUS · IT

• NIU DA ED INFOR CONSULTING CO LTD

  C · SUPPORT NYU'S PROGRAM IN CHINA · CH

• NYU PLUS PARIS

  C · CONTINUING AND EXECUTIVE EDUCATION · FR

• SHORE HILL HOUSING ASSOCIATES GP INC

  C · HOUSING · NY

• BROOKHAVEN PHYSICIAN SERVICES PC (THROUGH 122023)

  C · HEALTHCARE · NY

• BROOKHAVEN SURGICAL SERVICES PC (THROUGH 122023)

  C · HEALTHCARE · NY