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Nonprofiteer
← LONG ISLAND MEDICAL FOUNDATION INC

Form 990 for tax year 2023

Filed by LONG ISLAND MEDICAL FOUNDATION INC.

Totals

Total revenue
$365,537
Total expenses
$239,024
Contributions and grants received
$193,110
Grants paid
$0
Program service revenue
$0
Investment income
$35,379
Other revenue
$137,048
Total assets, end of year
$1,702,741
Total liabilities, end of year
$11,408
Net assets or fund balances, end of year
$1,691,333
Program services expenses (Part IX)
$130,866
Management and general expenses
$44,769
Fundraising expenses
$63,389
Program service expenses (Part III)
$130,866

Program services were 54.8% 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

    $110,916

  • 1f · All other contributions, gifts and grants

    $82,194

  • 3 · Investment income

    total $35,379 · excluded $35,379

  • 8a · Fundraising events: gross income

    $217,443

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

    $110,916

  • 8b · Fundraising events: direct expenses

    $101,548

  • 8c · Net income from fundraising events

    total $115,895 · excluded $115,895

  • 10a · Gross sales of inventory

    $32,149

  • 10b · Cost of goods sold

    $31,911

  • 10c · Net income from sales of inventory

    total $238 · related or exempt $238

  • 11a · Other revenue: OTHER INCOME

    total $20,415 · related or exempt $20,415

  • 11b · Other revenue: VENDOR REVENUE

    total $500 · related or exempt $500

  • 11e · Other revenue, total

    $20,915

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $97,375 · program services $48,688 · management and general $29,212 · fundraising $19,475

  • 10 · Payroll taxes

    total $8,315 · program services $4,158 · management and general $2,494 · fundraising $1,663

  • 11g · Fees: other

    total $40,140 · program services $4,092 · management and general $12,537 · fundraising $23,511

  • 19 · Conferences, conventions and meetings

    total $35,311 · program services $35,311

  • 24a · Other expenses: SUPPLIES

    total $24,626 · program services $15,206 · management and general $250 · fundraising $9,170

  • 24b · Other expenses: PRINTING & COPYING

    total $15,103 · program services $10,779 · fundraising $4,324

  • 24c · Other expenses: AWARDS

    total $9,145 · program services $7,891 · fundraising $1,254

  • 24d · Other expenses: MISCELLANEOUS

    total $5,018 · program services $750 · management and general $276 · fundraising $3,992

  • 24e · All other expenses

    total $3,991 · program services $3,991

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,512,910 · end of year $1,626,804

  • 4 · Accounts receivable

    beginning of year $61,225 · end of year $75,937

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,315 · end of year $11,408

  • 27 · Net assets without donor restrictions

    beginning of year $802,910 · end of year $923,661

  • 28 · Net assets with donor restrictions

    beginning of year $761,910 · end of year $767,672

Mission and programs · 2023

Mission

LONG ISLAND MEDICAL FOUNDATION (LIMF) IS THE NOT-FOR-PROFIT PHILANTHROPIC ARM OF THE NASSAU HEALTH CARE CORPORATION. LIMF IS DEVOTED TO INSPIRE PHILANTHROPIC SUPPORT FOR THE NASSAU UNIVERSITY MEDICAL CENTER, A. HOLLY PATTERSON SKILLED NURSING FACILITY, AND REGIONAL COMMUNITY HEALTH CENTERS BY RAISING AWARENESS OF THE ROLES OF THESE PUBLIC INSTITUTIONS AS THE REGION'S HEALTH CARE SAFETY NET FOR THE MOST VULNERABLE POPULATIONS.

  • THE LONG ISLAND MEDICAL FOUNDATION (DBA NUHEALTH FOUNDATION) IS A 501(C)(3), NON-PROFIT ORGANIZATION THAT WAS CREATED TO SUPPORT THE MANY CRITICAL PROGRAMS, SERVICES AND DEVELOPMENTS THAT ENABLE THE NUHEALTH SYSTEM TO PROVIDE QUALITY HEALTH CARE TO UNDERSERVED FAMILIES, CHILDREN AND ELDERLY PATIENTS. SUCH PROGRAMS AND SERVICES INCLUDE: OUTREACH AND EDUCATION TO AT-RISK POPULATIONS FOR CONDITIONS SUCH AS OBESITY, BREAST CANCER, DIABETES AND HYPERTENSION; RESEARCH OF EMERGING TRENDS AND TECHNIQUES, PARTICULARLY AS THEY RELATE TO CARING FOR CULTURALLY DIVERSE POPULATIONS; PROGRAMMATIC PROCUREMENT, TRAINING AND OUTREACH FOR ADVANCED MEDICAL EQUIPMENT; PHYSICAL UPGRADES AND EXPANSIONS SUCH AS FEDERALLY QUALIFIED HEALTH CENTER'S THAT PROVIDE HIGH-QUALITY, PERSONALIZED COMMUNITY-BASED HEALTH CARE TO AT-RISK NEIGHBORHOODS.NUHEALTH SYSTEMS INCLUDES NASSAU UNIVERSITY MEDICAL CENTER, WHICH IS A PUBLIC COMMUNITY TEACHING HOSPITAL; A. HOLLY PATTERSON EXTENDED CARE; AND FIVE FAMILY HEALTH CENTERS IN ELMONT, HEMPSTEAD, WESTBURY, ROOSEVELT, AND FREEPORT.

    Expenses $130,866

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Syed Zaki Hossain

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Tariq Kahn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Trause

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Walter Skinner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bernie Townes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jay Singh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Linda Walsh

    EXECUTIVE DIRECTOR

    Total calculated
    $97,413
    From this org
    $97,413
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

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
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202423169349302817

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