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Nonprofiteer
← BROOKLYN HOSPITAL FOUNDATION INC

Form 990 for tax year 2024

Filed by BROOKLYN HOSPITAL FOUNDATION INC.

Totals

Total revenue
$3,495,623
Total expenses
$2,622,714
Contributions and grants received
$3,197,103
Grants paid
$1,722,179
Program service revenue
$0
Investment income
$199,646
Other revenue
$98,874
Total assets, end of year
$7,638,981
Total liabilities, end of year
$71,528
Net assets or fund balances, end of year
$7,567,453
Program services expenses (Part IX)
$2,117,284
Management and general expenses
$372,384
Fundraising expenses
$133,046
Program service expenses (Part III)
$2,117,284

Program services were 80.7% 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.

  • 1c · Fundraising events

    $554,819

  • 1f · All other contributions, gifts and grants

    $2,642,284

  • 1g · Noncash contributions included above

    $92,676

  • 3 · Investment income

    total $158,353 · excluded $158,353

  • 7a · Gross sales of assets other than inventory

    securities $1,593,011

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

    securities $1,551,718

  • 7c · Gain or loss

    securities $41,293

  • 7d · Net gain or loss

    total $41,293 · excluded $41,293

  • 8a · Fundraising events: gross income

    $554,819

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

    $554,819

  • 8b · Fundraising events: direct expenses

    $455,945

  • 8c · Net income from fundraising events

    total $98,874 · excluded $98,874

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,722,179 · program services $1,722,179

  • 7 · Other salaries and wages

    total $458,489 · program services $320,942 · management and general $68,774 · fundraising $68,773

  • 9 · Other employee benefits

    total $70,873 · program services $49,611 · management and general $10,631 · fundraising $10,631

  • 10 · Payroll taxes

    total $35,074 · program services $24,552 · management and general $5,261 · fundraising $5,261

  • 11e · Fees: professional fundraising services

    total $48,381 · fundraising $48,381

  • 11f · Fees: investment management

    total $11,332 · management and general $11,332

  • 24a · Other expenses: EDUCATIONAL SUPPLIES

    total $164,760 · management and general $164,760

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $60,019 · management and general $60,019

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $51,607 · management and general $51,607

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,134,272 · end of year $1,037,494

  • 3 · Pledges and grants receivable

    beginning of year $525,717 · end of year $1,259,880

  • 11 · Investments: publicly traded securities

    beginning of year $4,683,891 · end of year $5,341,607

  • 25 · Other liabilities

    beginning of year $77,774 · end of year $71,528

  • 27 · Net assets without donor restrictions

    beginning of year $3,069,511 · end of year $4,080,952

  • 28 · Net assets with donor restrictions

    beginning of year $3,196,595 · end of year $3,486,501

Mission and programs · 2024

Mission

THE FOUNDATION EXISTS TO SUPPORT THE VISION AND MISSION OF THE BROOKLYN HOSPITAL CENTER (TBHC) THROUGH A CHARITABLE ORGANIZATION COMMITTED TO THE BROOKLYN COMMUNITY. THE PRIMARY PURPOSE AND SCOPE OF THE FOUNDATION IS TO SUPPORT A BROAD RANGE OF EDUCATIONAL AND CLINICAL PROGRAMS AND SERVICES WHICH STRIVE TO IMPROVE THE HEALTHCARE DELIVERY SYSTEM IN BROOKLYN. THE VISION OF THE FOUNDATION SUPPORTS AND COMPLEMENTS THE VISION OF TBHC AND ITS PARTNERS, WITH A FIRM COMMITMENT TO A CONTINUED PRESENCE AND SERVICE TO RESIDENTS, PROVIDERS, EMPLOYERS, ORGANIZATIONS AND HEALTHCARE PROVIDERS. THE FOUNDATION IS SPECIFICALLY COMMITTED TO PURSUING CLINICAL EXCELLENCE THROUGH RESEARCH AND EDUCATION; TO IMPROVING ACCESS TO HEALTHCARE THROUGH COMMUNITY SERVICE AND OUTREACH PROGRAMS; AND TO SUPPORT ECONOMIC DEVELOPMENT THROUGH PHILANTHROPIC GIFTS AND GRANTS. THE FOUNDATION IS ROOTED DEEPLY IN BROOKLYN, TO SERVE ITS RESIDENTS, TO STRENGTHEN ITS RESOURCES AND TO PROVIDE THE MEANS FOR A HEALTHIER BROOKLYN.

Activities or mission (Part I)

TO SUPPORT THE BROOKLYN HOSPITAL CENTER'S MISSION OF PROVIDING OUTSTANDING HEALTH SERVICES, EDUCATION, AND RESEARCH TO KEEP PEOPLE OF BROOKLYN AND GREATER NEW YORK HEALTHY.

  • PROVIDE FUNDS FOR THE BROOKLYN HOSPITAL DEVELOPMENT PROGRAM AND HELP PAY FOR HEALTH AND EDUCATIONAL PROGRAMS.

    Expenses $2,117,284 · Grants $1,722,179

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DINO VERONESE

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • HARRY DYM

    CO-CHAIR

    Total calculated
    $482,384
    From this org
    $0
    From related orgs
    $470,000
    Other
    $12,384
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,000 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $3,450 related
    Nontaxable benefits
    $0 + $8,934 related
    Filer's total
    $0 + $482,384 related

  • ARMAND P ASARIAN MD

    VICE CHAIR

    Total calculated
    $462,384
    From this org
    $0
    From related orgs
    $450,000
    Other
    $12,384
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,450 related
    Nontaxable benefits
    $0 + $8,934 related
    Filer's total
    $0 + $462,384 related

  • GARY TERRINONI

    PRESIDENT & CEO

    Total calculated
    $1,830,384
    From this org
    $0
    From related orgs
    $1,818,000
    Other
    $12,384
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,470,000 related
    Bonus
    $0 + $348,000 related
    Other
    $0
    Deferred
    $0 + $3,450 related
    Nontaxable benefits
    $0 + $8,934 related
    Filer's total
    $0 + $1,830,384 related

  • DEBBIE NIEDERHOFFER

    VICE PRESIDENT

    Total calculated
    $311,145
    From this org
    $0
    From related orgs
    $300,000
    Other
    $11,145
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $250,000 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $2,211 related
    Nontaxable benefits
    $0 + $8,934 related
    Filer's total
    $0 + $311,145 related

  • ADRINA BANKS-MARTIN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • BERNARD DRAYTON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • J ANDERS COHEN MD

    TRUSTEE

    Total calculated
    $868,295
    From this org
    $0
    From related orgs
    $855,911
    Other
    $12,384
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $750,000 related
    Bonus
    $0 + $105,911 related
    Other
    $0
    Deferred
    $0 + $3,450 related
    Nontaxable benefits
    $0 + $8,934 related
    Filer's total
    $0 + $868,295 related

  • MARTHA BAKOS DIETZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • ANNE ELIZABETH FONTAINE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • JAMES GASPERINO MD

    TRUSTEE

    Total calculated
    $663,830
    From this org
    $0
    From related orgs
    $660,000
    Other
    $3,830
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $610,000 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,830 related
    Filer's total
    $0 + $663,830 related

  • ANDREW L HAMM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • NOAH KONDAMUDI MD

    TRUSTEE

    Total calculated
    $482,384
    From this org
    $0
    From related orgs
    $470,000
    Other
    $12,384
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,000 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $3,450 related
    Nontaxable benefits
    $0 + $8,934 related
    Filer's total
    $0 + $482,384 related

  • MICHELLE MCGOVERN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • LUCA MILONE MD

    TRUSTEE

    Total calculated
    $525,068
    From this org
    $0
    From related orgs
    $512,684
    Other
    $12,384
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $442,000 related
    Bonus
    $0 + $70,684 related
    Other
    $0
    Deferred
    $0 + $3,450 related
    Nontaxable benefits
    $0 + $8,934 related
    Filer's total
    $0 + $525,068 related

  • LESIA BATES MOSS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • MADHAVI REDDY MD

    TRUSTEE

    Total calculated
    $537,384
    From this org
    $0
    From related orgs
    $525,000
    Other
    $12,384
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $475,000 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $3,450 related
    Nontaxable benefits
    $0 + $8,934 related
    Filer's total
    $0 + $537,384 related

  • DANIEL RICCIARDI MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • JOSHUA ROSENBERG MD

    TRUSTEE

    Total calculated
    $333,934
    From this org
    $0
    From related orgs
    $325,000
    Other
    $8,934
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,934 related
    Filer's total
    $0 + $333,934 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

The filer's explanations (Part III)

PART I, LINE 3
THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS PAID BY A RELATED ORGANIZATION WHICH USED ONE OR MORE OF THE METHODS LISTED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.
PART I, LINE 4B
THE PRESIDENT AND CEO, GARY TERRINONI, IS THE SOLE PARTICIPANT OF THE ORGANIZATION'S SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. HE RECEIVED NO DISTRIBUTION DURING THE YEAR ENDED DECEMBER 31, 2024.

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.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513219349301606

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