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Nonprofiteer
← COLUMBIA-PRESBYTERIAN MEDICAL CENTER FUND INC

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 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 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 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

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.

  • 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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