Form 990 for tax year 2022
Filed by COLUMBIA-PRESBYTERIAN MEDICAL CENTER FUND INC.
Totals
- Total revenue
- $924,549
- Total expenses
- $1,147,257
- Contributions and grants received
- $999
- Grants paid
- $1,147,257
- Program service revenue
- $0
- Investment income
- $923,550
- Other revenue
- $0
- Total assets, end of year
- $23,949,987
- Total liabilities, end of year
- $32,368
- Net assets or fund balances, end of year
- $23,917,619
- Program services expenses (Part IX)
- $1,147,257
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,147,257
Program services were 100.0% 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
$999
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,222,108 · excluded $1,222,108
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $0
-
7b · Less cost or other basis and sales expenses
securities $298,558
-
7c · Gain or loss
securities -$298,558 · other assets $0
-
7d · Net gain or loss
total -$298,558 · excluded -$298,558
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,147,257 · program services $1,147,257
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $11,959,907 · end of year $11,907,306
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $11,393,219 · end of year $12,042,681
-
17 · Accounts payable and accrued expenses
beginning of year $30,969 · end of year $32,368
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $23,322,157 · end of year $23,917,619
Mission and programs · 2022
Mission
COLUMBIA PRESBYTERIAN MEDICAL CENTER FUND INC. (CPMC FUND) WAS FORMED AS A SUPPORTING ORGANIZATION TO COLUMBIA UNIVERSITY AND PRESBYTERIAN HOSPITAL (WHICH HAS BEEN SUCCEEDED BY NEW YORK PRESBYTERIAN HOSPITAL) TO SERVE AS A VEHICLE FOR JOINT FUNDRAISING ACTIVITIES BY THE UNIVERSITY AND THE HOSPITAL. CPMC FUND IS NO LONGER ACTIVELY USED FOR FUNDRAISING BUT CONTINUES TO HOLD CERTAIN ASSETS OF THE UNIVERSITY AND THE HOSPITAL AND RECEIVES OUTSTANDING BEQUESTS. ALL CPMC FUND ASSETS ARE USED DIRECTLY FOR THE BENEFIT OF THE UNIVERSITY OR THE HOSPITAL.
Activities or mission (Part I)
THE ORGANIZATION IS A SUPPORTING ORG TO COLUMBIA UNIVERSITY & NY PRESBYTERIAN HOSPITAL & HOLDS CERTAIN ASSETS OF THE UNIVERSITY AND THE HOSPITAL AND RECEIVES OUTSTANDING BEQUESTS.
-
COLUMBIA-PRESBYTERIAN MEDICAL CENTER FUND, INC. ("CPMC FUND INC.") WAS FORMED BY COLUMBIA UNIVERSITY AND PRESBYTERIAN HOSPITAL TO BE A VEHICLE FOR JOINT FUNDRAISING ACTIVITIES BY THE UNIVERSITY AND THE HOSPITAL, BOTH OF WHICH ARE 501(C)(3) EXEMPT ORGANIZATIONS. THE UNIVERSITY AND THE HOSPITAL HAVE CEASED MOST JOINT FUNDRAISING ACTIVITIES. CPMC FUND INC. CONTINUES TO MAKE GRANTS AND ALLOCATIONS TO SUPPORT THE ACTIVITIES OF COLUMBIA UNIVERSITY AND NEW YORK PRESBYTERIAN HOSPITAL (SUCCESSOR TO PRESBYTERIAN HOSPITAL).
Expenses $1,147,257 · Grants $1,147,257
As filed on the 2022 return.
Listed in Part VII
-
Angeliki OrfanosANGELIKI ORFANOS
TRUSTEE
- Total calculated
- $179,119
- From this org
- $0
- From related orgs
- $159,652
- Other
- $19,467
- Hours/week
- 9 + 51 related
Schedule J breakdown matched by us
- Base
- $0 + $156,551 related
- Bonus
- $0 + $1,350 related
- Other
- $0 + $1,751 related
- Deferred
- $0 + $12,912 related
- Nontaxable benefits
- $0 + $6,555 related
- Filer's total
- $0 + $179,119 related
-
Jeremy A ArnoldJEREMY A ARNOLD
TRUSTEE
- Total calculated
- $406,945
- From this org
- $0
- From related orgs
- $375,225
- Other
- $31,720
- Hours/week
- 1 + 34 related
Schedule J breakdown matched by us
- Base
- $0 + $335,225 related
- Bonus
- $0 + $40,000 related
- Other
- $0
- Deferred
- $0 + $20,500 related
- Nontaxable benefits
- $0 + $11,220 related
- Filer's total
- $0 + $406,945 related
-
Lynne R RothLYNNE R ROTH
TRUSTEE
- Total calculated
- $563,518
- From this org
- $0
- From related orgs
- $507,794
- Other
- $55,724
- Hours/week
- 9 + 51 related
Schedule J breakdown matched by us
- Base
- $0 + $506,162 related
- Bonus
- $0
- Other
- $0 + $1,632 related
- Deferred
- $0 + $24,620 related
- Nontaxable benefits
- $0 + $31,104 related
- Filer's total
- $0 + $563,518 related
-
Sheila Kelly
TRUSTEE
- Total calculated
- $980,340
- From this org
- $0
- From related orgs
- $953,125
- Other
- $27,215
- Hours/week
- 1 + 34 related
Schedule J breakdown matched by us
- Base
- $0 + $750,000 related
- Bonus
- $0 + $200,000 related
- Other
- $0 + $3,125 related
- Deferred
- $0 + $20,500 related
- Nontaxable benefits
- $0 + $6,715 related
- Filer's total
- $0 + $980,340 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
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
-
THE NEW YORK PRESBYTERIAN HOSPITAL
$584,025
RESEARCH & PATIENT CARE OPERATION
-
PROFESSORSHIPS, SCHOLARSHIPS, RESEARCH
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.
-
THE TRUSTEES OF COLUMBIA UNIVERSITY
501(c)(3) · UNIVERSITY · NY
Directly controlled by NA
-
THE NEW YORK-PRESBYTERIAN HOSPITAL
501(c)(3) · HOSPITAL · NY
Directly controlled by NA
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.
-
CHARITABLE REMAINDER TRUST (3)
Trust · N/A · NY
Directly controlled by CPMC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411359349302671
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