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Nonprofiteer
← NEW YORK HOSPITAL CORNELL MEDICAL CENTER FUND INC

Form 990 for tax year 2022

Filed by NEW YORK HOSPITAL CORNELL MEDICAL CENTER FUND INC.

Totals

Total revenue
$8,193,839
Total expenses
$8,429,790
Contributions and grants received
$180,051
Grants paid
$7,775,780
Program service revenue
$0
Investment income
$8,013,788
Other revenue
$0
Total assets, end of year
$237,594,264
Total liabilities, end of year
$75,234
Net assets or fund balances, end of year
$237,519,030
Program services expenses (Part IX)
$7,775,780
Management and general expenses
$654,010
Fundraising expenses
$0
Program service expenses (Part III)
$7,775,780

Program services were 92.2% 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.

  • 1f · All other contributions, gifts and grants

    $180,051

  • 3 · Investment income

    total $1,833,894 · excluded $1,833,894

  • 7a · Gross sales of assets other than inventory

    securities $7,728,884

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

    securities $1,548,990

  • 7c · Gain or loss

    securities $6,179,894

  • 7d · Net gain or loss

    total $6,179,894 · excluded $6,179,894

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,775,780 · program services $7,775,780

  • 11a · Fees: management

    total $49,000 · management and general $49,000

  • 11b · Fees: legal

    total $1,775 · management and general $1,775

  • 11c · Fees: accounting

    total $78,114 · management and general $78,114

  • 11f · Fees: investment management

    total $525,121 · management and general $525,121

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $203,750 · end of year $210,932

  • 4 · Accounts receivable

    beginning of year $591,710 · end of year $591,710

  • 11 · Investments: publicly traded securities

    beginning of year $236,754,369 · end of year $236,791,622

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,293 · end of year $75,209

  • 25 · Other liabilities

    beginning of year $25 · end of year $25

  • 27 · Net assets without donor restrictions

    beginning of year $5,669,174 · end of year $4,439,624

  • 28 · Net assets with donor restrictions

    beginning of year $231,808,337 · end of year $233,079,406

Mission and programs · 2022

Mission

TO OBTAIN, MANAGE, AND DISTRIBUTE CHARITABLE CONTRIBUTIONS AND RELATED INVESTMENT INCOME, THEREON FOR THE EXCLUSIVE JOINT EDUCATIONAL, SCIENTIFIC AND CHARITABLE PURPOSES OF THE SOCIETY OF THE NEW YORK PRESBYTERIAN HOSPITAL AND WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY.

Activities or mission (Part I)

SOLICIT, RECEIVE, AND ADMINISTER GIFTS AND CONTRIBUTIONS FOR THE SOCIETY OF THE NEW YORK PRESBYTERIAN HOSPITAL AND WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY.

  • SUPPORT OF WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY

    Expenses $5,232,272 · Grants $5,232,272

  • SUPPORT OF THE SOCIETY OF THE NEW YORK PRESBYTERIAN HOSPITAL

    Expenses $2,543,508 · Grants $2,543,508

As filed on the 2022 return.

Listed in Part VII

  • John S Weinberg

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert S Harrison

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andrew H Tisch

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven O Newhouse

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Melissa E Welch

    VICE PRESIDENT - DEVELOPMENT

    Total calculated
    $216,466
    From this org
    $0
    From related orgs
    $181,801
    Other
    $34,665
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,332 related
    Bonus
    $0 + $5,313 related
    Other
    $0 + $156 related
    Deferred
    $0 + $18,695 related
    Nontaxable benefits
    $0 + $15,970 related
    Filer's total
    $0 + $216,466 related

  • Kathleen M Burke

    SECRETARY

    Total calculated
    $25,413
    From this org
    $0
    From related orgs
    $25,273
    Other
    $140
    Hours/week
    1 + 54 related

  • Erin K Anthony

    ASSISTANT TREASURER

    Total calculated
    $245,741
    From this org
    $0
    From related orgs
    $186,936
    Other
    $58,805
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,086 related
    Bonus
    $0 + $6,918 related
    Other
    $0 + $18,932 related
    Deferred
    $0 + $12,681 related
    Nontaxable benefits
    $0 + $46,124 related
    Filer's total
    $0 + $245,741 related

  • Joseph Schwartz

    TREASURER

    Total calculated
    $511,988
    From this org
    $0
    From related orgs
    $438,594
    Other
    $73,394
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $404,820 related
    Bonus
    $0 + $14,972 related
    Other
    $0 + $18,802 related
    Deferred
    $0 + $34,650 related
    Nontaxable benefits
    $0 + $38,744 related
    Filer's total
    $0 + $511,988 related

  • John Campano

    ASSISTANT SECRETARY

    Total calculated
    $643,427
    From this org
    $0
    From related orgs
    $558,080
    Other
    $85,347
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $383,369 related
    Bonus
    $0 + $130,821 related
    Other
    $0 + $43,890 related
    Deferred
    $0 + $43,199 related
    Nontaxable benefits
    $0 + $42,148 related
    Filer's total
    $0 + $643,427 related

  • Stephen M Cohen

    TREASURER (UNTIL 9/2022)

    Total calculated
    $999,305
    From this org
    $0
    From related orgs
    $929,661
    Other
    $69,644
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $924,384 related
    Bonus
    $0
    Other
    $0 + $5,277 related
    Deferred
    $0 + $34,650 related
    Nontaxable benefits
    $0 + $34,994 related
    Filer's total
    $0 + $999,305 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

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

The filer's explanations (Part III)

FORM 990, SCHEDULE J
NEW YORK WEILL CORNELL MEDICAL CENTER FUND, INC. HAS NO EMPLOYEES. CERTAIN INDIVIDUALS IDENTIFIED HEREIN AS OFFICERS ARE EMPLOYED AND COMPENSATED BY RELATED ORGANIZATIONS - WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY AND THE SOCIETY OF THE NEW YORK PRESBYTERIAN HOSPITAL.

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
18 March 2024
IRS schema version
2022v5.0
Source object
202420789349301122

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