Form 990 for tax year 2022
Filed by NEW YORK-PRESBYTERIAN FUND INC.
Totals
- Total revenue
- $229,251,280
- Total expenses
- $253,281,225
- Contributions and grants received
- $179,137,588
- Grants paid
- $138,506,206
- Program services expenses (Part IX)
- $226,592,219
- Management and general expenses
- $6,107,182
- Fundraising expenses
- $20,581,824
- Program service expenses (Part III)
- $226,592,219
Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
ADEBAYO O OGUNLESI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
ALEX GORSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
ALFRED F KELLY JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 5.3 related
-
AMIE RATH NUTTALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
ANDREW A DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
ANTHONY A TAMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
ANTHONY A YOSELOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
ARTHUR J HEDGE JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 10.8 related
-
BENNETT J GOODMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
BRIAN KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
BRUCE ANTHONY BEAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
CARYN SEIDMAN BECKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
CHARLES KAYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 4.3 related
-
CHARLOTTE M FORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 5.3 related
-
CHRISTINA MCINERNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
CLARA WU TSAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
DANIEL S OCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
DAVID M SOLOMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
DEANNA M MULLIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
DENNIS E GLAZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 4.3 related
-
ELIZABETH ALEXANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
ELIZABETH TISCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
ELLEN R MARRAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
FABIO MICHELASSI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
FAIZA J SAEED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
FRANK A BENNACK JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5 + 12.3 related
-
GABRIELLE BACON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
GLENN H HUTCHINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 4.3 related
-
GLENN R FUHRMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
GORDON B PATTEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 3.3 related
-
GREGORY K MONDRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
H RODGIN COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
HARRISON T LEFRAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.6 related
-
HEIDI MESSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
HERBERT PARDES
DIRECTOR
- Total calculated
- $2,127,285
- From this org
- $0
- From related orgs
- $2,127,285
- Other
- $0
- Hours/week
- 0.5 + 39.5 related
Schedule J breakdown matched by us
- Base
- $0 + $2,092,097 related
- Bonus
- $0
- Other
- $0 + $35,188 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $2,127,285 related
-
HOLLY PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
IRIS CANTOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
IVAN G SEIDENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6.8 related
-
JAMES M MCKIERNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
JAMES S GERTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
JEFFREY A HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
JEFFREY W GREENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 4.8 related
-
JERRY I SPEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 10.3 related
-
JESSICA BIBLIOWICZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
JOHN A THAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
JOHN J MACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 4.3 related
-
JOHN S WEINBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
JONATHAN M PURZAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
JUSTIN G MUZINICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
KEVIN ROTH
DIRECTOR (THRU 6/2022)
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
LEE S AINSLIE III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
LENARD B TESSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 4.3 related
-
LEONARD A WILF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.6 related
-
LISA R PERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
LISE HIMBERG EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
LUIS A CANELA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
MARCOS A RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
MARGARET L WOLFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 9.3 related
-
MARK SCHWARTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
MARLENE HESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
MAURICE R GREENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
MAYA L HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
MICHAEL D TUSIANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 4.3 related
-
MICHAEL ESPOSITO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
MITCHELL L JACOBSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 6.3 related
-
NANCY MARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
NELSON PELTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
NOAM GOTTESMAN
DIRECTOR (THRU 10/2022)
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
NOEL R WALLACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
OGDEN PHIPPS II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
OSCAR STRAUS SCHAFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
PAMELA G CARLTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 4.3 related
-
PAMELA J CRAIG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
PETER A GEORGESCU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 4.3 related
-
PETER G LIVANOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.8 related
-
PETER S KALIKOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 5.6 related
-
PHILIP MILSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.6 related
-
PHILIPPE LAFFONT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
RAYMOND DALIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
RAYMOND J MCGUIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.6 related
-
RICHARD C DRESDALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 4.3 related
-
RICHARD D SEGAL
DIRECTOR (THRU 10/2022)
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
ROB J SPEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 3 related
-
ROBERT J APPEL
DIRECTOR (THRU 11/2022)
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
ROCHELLE B LAZARUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 5.8 related
-
ROGER C ALTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
ROMAN MARTINEZ IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 3.8 related
-
RONALD O PERELMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
RUSSELL LLOYD CARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 4.8 related
-
SARAH E NASH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 9.3 related
-
SEYMOUR STERNBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 4.8 related
-
SHARMIN MOSSAVAR-RAHMANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5 + 3.3 related
-
STEPHANIE ANNE COLEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 3.3 related
-
STEPHEN A SCHWARZMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
STEPHEN M ROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
STEPHEN ROBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
STEVEN J CORWIN
DIRECTOR
- Total calculated
- $13,892,200
- From this org
- $0
- From related orgs
- $8,933,522
- Other
- $4,958,678
- Hours/week
- 6 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $2,367,405 related
- Bonus
- $0 + $4,195,463 related
- Other
- $0 + $2,370,654 related
- Deferred
- $0 + $4,918,651 related
- Nontaxable benefits
- $0 + $40,027 related
- Filer's total
- $0 + $13,892,199 related
-
STEVEN O NEWHOUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2.3 related
-
STEVEN R SWARTZ
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5 + 4.3 related
-
THEODORE V WELLS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
VINCENT TESE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 3.3 related
-
WILLIAM M LEWIS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
WILLIAM P CAREY II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1.3 related
-
ANNE DINNEEN
SVP- CHIEF INVESTMENT OFFICER
- Total calculated
- $2,017,386
- From this org
- $0
- From related orgs
- $1,981,141
- Other
- $36,245
- Hours/week
- 23 + 37 related
Schedule J breakdown matched by us
- Base
- $0 + $944,603 related
- Bonus
- $0 + $1,033,066 related
- Other
- $0 + $3,472 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $36,245 related
- Filer's total
- $0 + $2,017,386 related
-
JOHN V CAMPANO
VP, CORP SEC & SENIOR COUNSEL
- Total calculated
- $643,427
- From this org
- $0
- From related orgs
- $558,080
- Other
- $85,347
- Hours/week
- 1 + 59 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
-
MARY BETH CLAUS
G. SVP, G.C. & CLO
- Total calculated
- $2,278,395
- From this org
- $0
- From related orgs
- $2,236,322
- Other
- $42,073
- Hours/week
- 3 + 57 related
Schedule J breakdown matched by us
- Base
- $0 + $1,238,431 related
- Bonus
- $0 + $813,750 related
- Other
- $0 + $184,141 related
- Deferred
- $0 + $16,324 related
- Nontaxable benefits
- $0 + $25,749 related
- Filer's total
- $0 + $2,278,396 related
-
MARY BRAUNSDORF
ASSISTANT SECRETARY
- Total calculated
- $209,317
- From this org
- $0
- From related orgs
- $183,554
- Other
- $25,763
- Hours/week
- 0.5 + 34.5 related
Schedule J breakdown matched by us
- Base
- $0 + $171,740 related
- Bonus
- $0 + $10,120 related
- Other
- $0 + $1,694 related
- Deferred
- $0 + $11,968 related
- Nontaxable benefits
- $0 + $13,795 related
- Filer's total
- $0 + $209,318 related
-
MELISSA E WELCH
ASSISTANT SECRETARY
- Total calculated
- $216,466
- From this org
- $0
- From related orgs
- $181,801
- Other
- $34,665
- Hours/week
- 0.5 + 34.5 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
-
MICHAEL P BRESLIN
PRESIDENT
- Total calculated
- $2,293,059
- From this org
- $0
- From related orgs
- $2,214,819
- Other
- $78,240
- Hours/week
- 9 + 51 related
Schedule J breakdown matched by us
- Base
- $0 + $1,209,820 related
- Bonus
- $0 + $809,119 related
- Other
- $0 + $195,881 related
- Deferred
- $0 + $23,000 related
- Nontaxable benefits
- $0 + $55,240 related
- Filer's total
- $0 + $2,293,059 related
-
RICHARD EINWECHTER
ASSISTANT TREASURER
- Total calculated
- $826,739
- From this org
- $0
- From related orgs
- $739,004
- Other
- $87,735
- Hours/week
- 0.5 + 59.5 related
Schedule J breakdown matched by us
- Base
- $0 + $484,131 related
- Bonus
- $0 + $204,098 related
- Other
- $0 + $50,774 related
- Deferred
- $0 + $46,113 related
- Nontaxable benefits
- $0 + $41,622 related
- Filer's total
- $0 + $826,739 related
-
WILLIAM J FARRELL
TREASURER
- Total calculated
- $1,240,676
- From this org
- $0
- From related orgs
- $1,140,433
- Other
- $100,243
- Hours/week
- 3 + 57 related
Schedule J breakdown matched by us
- Base
- $0 + $675,398 related
- Bonus
- $0 + $370,528 related
- Other
- $0 + $94,508 related
- Deferred
- $0 + $47,644 related
- Nontaxable benefits
- $0 + $52,599 related
- Filer's total
- $0 + $1,240,676 related
-
SHEILA KELLY
SVP CHIEF DEVELOPMENT OFFICER
- Total calculated
- $1,000,126
- From this org
- $0
- From related orgs
- $949,020
- Other
- $51,106
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $0 + $743,285 related
- Bonus
- $0 + $200,000 related
- Other
- $0 + $5,735 related
- Deferred
- $0 + $2,547 related
- Nontaxable benefits
- $0 + $48,559 related
- Filer's total
- $0 + $1,000,126 related
-
MAXINE FRANK
FORMER OFFICER
- Total calculated
- $1,744,032
- From this org
- $0
- From related orgs
- $1,505,722
- Other
- $238,310
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $43,599 related
- Bonus
- $0
- Other
- $0 + $1,462,123 related
- Deferred
- $0 + $218,214 related
- Nontaxable benefits
- $0 + $20,096 related
- Filer's total
- $0 + $1,744,032 related
-
SARAH L AVINS
FORMER KEY EMPLOYEE
- Total calculated
- $645,819
- From this org
- $0
- From related orgs
- $625,975
- Other
- $19,844
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0 + $625,975 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $19,844 related
- Filer's total
- $0 + $645,819 related
-
WILLIAM LEE
FORMER OFFICER
- Total calculated
- $931,624
- From this org
- $0
- From related orgs
- $893,657
- Other
- $37,967
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0 + $893,657 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $37,967 related
- Filer's total
- $0 + $931,624 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 — 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
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 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)
- Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
- COMPENSATION DECISIONS FOR THE PRESIDENT WAS DETERMINED BY A RELATED ORGANIZATION FOLLOWING THAT ORGANIZATION'S COMPENSATION POLICY.
- Schedule J, Part I, Line 4a Severance or change-of-control payment
- RECEIVED SEVERANCE PAY: William Lee: 900,000 Sara Lesser Avins: 632,000
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- PARTICIPATED IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: MAXINE FRANK : 218,214 STEVEN CORWIN : 509,668 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AS REPORTED ON THE W2: HERBERT PARDES : 35,188 STEVEN CORWIN : 1,490,783 MAXINE FRANK : 1,460,806
- Schedule J, Part I PART VII AND SCHEDULE J SUPPLEMENTAL INFORMATION
- NEW YORK-PRESBYTERIAN FUND INC.(THE "CORPORATION")HAS NO EMPLOYEES. CERTAIN INDIVIDUALS IDENTIFIED HEREIN AS OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES OF THE CORPORATION ARE EMPLOYED AND COMPENSATED BY A RELATED ORGANIZATION, THE NEW YORK AND PRESBYTERIAN HOSPITAL (THE "HOSPITAL"). THESE INDIVIDUALS PERFORM SERVICES FOR THE CORPORATION, AND IN SOME CASES OTHER RELATED ORGANIZATIONS, BY ARRANGEMENT BETWEEN THE HOSPITAL AND SUCH ORGANIZATION(S). THE OFFICERS AND KEY EMPLOYEES IDENTIFIED IN PART VII ARE RESPONSIBLE FOR EXECUTING THE MISSION AND MANAGEMENT OF THE NEW YORK AND PRESBYTERIAN HOSPITAL (NYP) AND ITS AFFILIATED ENTITIES. COMPENSATION FOR 2022 OF THESE UPPER LEVEL EXECUTIVES INCLUDES THE PAYOUT OF AN ANNUAL INCENTIVE PLAN AND A LONG-TERM INCENTIVE PLAN. THIS PERFORMANCE ORIENTED PROGRAM CONDITIONS PAYMENTS UPON THE ACHIEVEMENT OF MULTIPLE INDIVIDUAL AND GROUP PERFORMANCE MEASURES. MEASURES TO MONITOR PERFORMANCE INCLUDE: OPERATIONAL AND FINANCIAL STRENGTH, PATIENT QUALITY AND SAFETY, PATIENT SATISFACTION, ADVANCEMENT OF PATIENT CARE, AND PEOPLE DEVELOPMENT AND PARTNERSHIP. INCENTIVE AWARDS MAY ONLY BE GRANTED IF THE ORGANIZATION ACHIEVES A FINANCIAL SURPLUS. EVEN IF ALL RELEVANT PERFORMANCE MEASUREMENTS ARE ACHIEVED, THE NYP BOARD OF TRUSTEES RETAINS FULL DISCRETION TO MAKE OR NOT MAKE ANY INCENTIVE AWARDS, OR TO REDUCE THE AMOUNT OF ANY INCENTIVE AWARD. THIS INITIATIVE IS CRITICAL TO ASSURING THAT NYP HAS THE REQUISITE LEADERSHIP TO CREATE AND MANAGE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE, TO DRIVE SUPERIOR PERFORMANCE THROUGHOUT THE ORGANIZATION AND TO ACHIEVE TOP TIER MEDICAL CENTER STATUS. AS A SEPARATE MATTER, DUE TO RESTRICTIONS IMPOSED BY THE INTERNAL REVENUE CODE, UPPER LEVEL EXECUTIVES ARE LIMITED IN THE AMOUNT OF BENEFITS RECEIVED UNDER A TAX-QUALIFIED RETIREMENT PLAN. LIKE MANY EMPLOYERS, NYP SUPPLEMENTS THESE EXECUTIVES' PENSION BENEFITS THROUGH A SUPPLEMENTAL ("NONQUALIFIED") RETIREMENT PLAN. THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IS SUBJECT TO A MULTI-YEAR VESTING REQUIREMENT (COMMENCING) AFTER FIVE YEARS OF PARTICIPATION IN THE SERP, IN PRORATED AMOUNTS THROUGH AGE 65) WHICH PLACES AN EXECUTIVE'S SUPPLEMENTAL RETIREMENT BENEFIT AT RISK OF FORFEITURE IF THE VESTING REQUIREMENTS ARE NOT SATISFIED. ONCE VESTED, HOWEVER, PROVISIONS OF THE INTERNAL REVENUE CODE REQUIRE THAT THE VESTED EXECUTIVE INCLUDE IN CURRENT INCOME THE VALUE OF HIS OR HER VESTED SUPPLEMENTAL RETIREMENT BENEFIT. NOTWITHSTANDING THE LEGAL REQUIREMENT TO RECOGNIZE THE VESTED VALUE OF THE SUPPLEMENTAL RETIREMENT BENEFIT AS CURRENT INCOME, THE SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP (ALTHOUGH, AS PERMITTED BY THE INTERNAL REVENUE CODE, THE SUPPLEMENTAL RETIREMENT PLAN WILL EFFECT A DISTRIBUTION OF AN AMOUNT NECESSARY TO SATISFY THE EXECUTIVE'S TAX LIABILITY RESULTING FROM THE INCOME RECOGNITION UPON VESTING). AS NOTED, THIS SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP. THERE ARE CONSTANTLY CHANGING LEGAL, TAX, ACCOUNTING, AND PUBLIC DISCLOSURE RULES FOR A SERP (SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN) IN NOT-FOR-PROFIT ORGANIZATIONS. THE EXECUTIVE COMPENSATION COMMITTEE CONTINUOUSLY MONITORS THESE CHANGES AND INCORPORATES ANY CHANGES INTO THE OVERALL SERP PLAN DESIGN. AS IN PAST YEARS, THE EXECUTIVE COMPENSATION COMMITTEE OF NYP REQUIRES A THIRD PARTY TO COMPLETE A REVIEW OF THE ORGANIZATION'S COMPENSATION PROGRAM TO ENSURE ITS EFFECTIVENESS IN TERMS OF GOVERNMENT REGULATIONS, MARKET CONDITIONS AND THE NEED TO CONTINUALLY ELEVATE ORGANIZATIONAL PERFORMANCE. THE REPORT ALSO SERVES TO MEET THE REGULATORY OBLIGATIONS TO ENSURE THAT ALL ELEMENTS OF THE EXECUTIVE COMPENSATION PROGRAMS ARE REASONABLE. EACH OF THE OFFICERS AND KEY EMPLOYEES LISTED DEVOTES AN AVERAGE OF SIXTY HOURS PER WEEK TO PERFORM HIS OR HER RESPONSIBILITIES FOR THE REPORTING ENTITY AND OTHER RELATED ORGANIZATIONS IN THE AGGREGATE.
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
-
NEW YORK AND PRESBYTERIAN HOSPITAL
$135,754,050
SUPPORT
-
SUPPORT
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.
-
NEW YORK-PRESBYTERIAN FOUNDATION INC
501(c)(3) · SUPPORT ORG. · NY
Directly controlled by NA
-
THE NEW YORK AND PRESBYTERIAN HOSPITAL
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP FDN
-
THE HOSPITAL FOR SPECIAL SURGERY
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP FDN
-
501(c)(3) · REAL ESTATE · NY · controlled entity
Directly controlled by NYP FDN
-
ROYAL CHARTER PROPERTIES EAST INC
501(c)(3) · REAL ESTATE · NY · controlled entity
Directly controlled by NYP FDN
-
ROYAL CHARTER PROPERTIES-WESTCHESTER INC
501(c)(3) · REAL ESTATE · NY · controlled entity
Directly controlled by NYP FDN
-
NY PRESBYTERIAN HEALTHCARE SYSTEM INC
501(c)(3) · SPONSOR · NY · controlled entity
Directly controlled by NYP FDN
-
NEW YORK DOWNTOWN HOSPITAL CCPH
501(c)(3) · FUND/SUPPORT · NY · controlled entity
Directly controlled by NYP FUND IN
-
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
THE ELIZABETH BLACKWELL FOUNDATION INC
501(c)(3) · HLTH INFO SVS · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
LAWRENCE MEDICAL ASSOCIATES PC
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
501(c)(3) · REAL ESTATE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
LAWRENCE COMMUNITY HEALTH SERVICES INC
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by LAWRENCE CAR
-
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP SYS INC
-
THE NEW YORK GRACIE SQUARE HOSPITAL INC
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP SYS INC
-
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP SYS INC
-
501(c)(3) · INACTIVE · NY · controlled entity
Directly controlled by NYP SYS INC
-
501(c)(3) · COLLECTION · NY · controlled entity
Directly controlled by NYP SYS INC
-
THE SILVERCREST CTR FOR NURSING & REHAB
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP SYS INC
-
SILVERCREST SENIOR HOUSING DEVELOPMENT
501(c)(3) · HOUSING · NY · controlled entity
Directly controlled by SILVERCREST
-
501(c)(3) · INVESTMENT · NY · controlled entity
Directly controlled by NYP FUND IN
-
NEWYORK-PRESBYTERIANBKLYN METHODIST
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP COMM PRO
-
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP COMM PRO
-
THE FDN OF NYPHUDSON VALLEY HOSPITAL
501(c)(3) · SUPPORT · NY · controlled entity
Directly controlled by NYPHVH HOS
-
THE WESTCHESTER MEDICAL PRACTICE PC
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYPHVH HOS
-
WESTCHESTER PUTNAM HEALTH MANAGEMENT SYS
501(c)(3) · SUPPORT · NY · controlled entity
Directly controlled by NYP COMM PRO
-
501(c)(3) · SUPPORT · NY · controlled entity
Directly controlled by WPHMS
-
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYP COMM PRO
-
NEW YORK QUEENS CHARTER VENTURES INC
501(c)(3) · REAL ESTATE · NY · controlled entity
Directly controlled by NYPQUEENS
-
NY QUEENS MEDICINE AND SURGERY PC
501(c)(3) · HEALTH CARE · NY · controlled entity
Directly controlled by NYPQUEENS
-
501(c)(3) · DENTAL SERVIC · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
501(c)(3) · INACTIVE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
BROOKLYN RADIOLOGY SERVICES PC
501(c)(3) · INACTIVE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
501(c)(3) · HEALTHCARE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
PARK SLOPE EMERGENCY PHYSICIAN SERV PC
501(c)(3) · INACTIVE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
PARK SLOPE HEMATOLOGY & ONCOLOGY PC
501(c)(3) · INACTIVE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
PARK SLOPE MEDICAL HEALTH PROVIDER PC
501(c)(3) · INACTIVE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
501(c)(3) · INACTIVE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
501(c)(3) · INACTIVE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
PARK SLOPE OBSTETRICS & GYNECOLOGY PC
501(c)(3) · INACTIVE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
PARK SLOPE PATHOLOGY SERVICES PC
501(c)(3) · INACTIVE · NY · controlled entity
Directly controlled by NYP HOSPITAL
-
PARK SLOPE PEDIATRIC MEDICINE PC
501(c)(3) · INACTIVE · NY · controlled entity
Directly controlled by NYP HOSPITIAL
-
PARK SLOPE PHYSICIAN SERVICES PC
501(c)(3) · INACTIVE · NY · controlled entity
Directly controlled by NYP Hospital
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349309353
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