Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $7,076,475 · related or exempt $7,076,475

• 3 · Investment income

  total $1,635,469 · excluded $1,635,469

• 7a · Gross sales of assets other than inventory

  securities $27,496,534

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

  securities $20,662,369

• 7c · Gain or loss

  securities $6,834,165

• 7d · Net gain or loss

  total $6,834,165 · excluded $6,834,165

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,927,373

• 7 · Other salaries and wages

  total $1,016,180

• 8 · Pension plan contributions

  total $66,052

• 9 · Other employee benefits

  total $771,747

• 11b · Fees: legal

  total $966,501

• 11d · Fees: lobbying

  total $1,692,870

• 11f · Fees: investment management

  total $2,301,868

• 11g · Fees: other

  total $534,511

• 12 · Advertising and promotion

  total $1,694,424

• 13 · Office expenses

  total $53,041

• 16 · Occupancy

  total $221,700

• 17 · Travel

  total $67,418

• 19 · Conferences, conventions and meetings

  total $986,068

• 23 · Insurance

  total $23,208

• 24a · Other expenses: EXCISE TAX

  total $391,107

• 24b · Other expenses: FEES & SUBSCRIPTIONS

  total $61,066

• 24e · All other expenses

  total $5,154

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $17,563,616 · end of year $12,750,161

• 4 · Accounts receivable

  beginning of year $0 · end of year $31,400

• 9 · Prepaid expenses and deferred charges

  beginning of year $352,494 · end of year $25,569

• 11 · Investments: publicly traded securities

  beginning of year $42,968,640 · end of year $49,112,952

• 12 · Investments: other securities

  beginning of year $151,872,589 · end of year $176,976,882

• 15 · Other assets

  beginning of year $78,795 · end of year $300,677

• 17 · Accounts payable and accrued expenses

  beginning of year $427,477 · end of year $331,432

• 19 · Deferred revenue

  beginning of year $549,120 · end of year $67,617

• 25 · Other liabilities

  beginning of year $275,701 · end of year $422,465

• 27 · Net assets without donor restrictions

  beginning of year $211,583,836 · end of year $238,376,127

The filer's explanations (Part III)

PART I, LINE 1A

OFFICERS, TRAVELING FREQUENTLY FOR COMPANY BUSINESS, ARE PERMITTED TO USE COMMERCIAL FIRST CLASS TRAVEL AND ON OCCASION, PRIVATE PLANES ARE USED TO DEAL WITH DIFFICULTIES OF LOGISTIC TRAVEL. ALL SUCH TRAVEL IS CONSIDERED A BUSINESS EXPENSE AND THEREFORE NOT REPORTED ON FORM W-2. THESE EXPENSES ARE PAID BY THE COMPANY'S BUSINESS CREDIT CARD. ADDITIONALLY, ON OCCASION, THE PRESIDENT'S SPOUSE MAY ACCOMPANY HIM ON BUSINESS TRIPS. RELEVANT AMOUNTS ARE REPORTED AS TAXABLE INCOME TO THE PRESIDENT. TWO OFFICERS HAVE A CAR AND DRIVER AT THEIR DISPOSAL. THE OFFICERS PAY TAXES ON THE IMPUTED VALUE OF THEIR PERSONAL USE.

PART I, LINE 4B

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN COMPENSATION REPORTED IN BOTH FORM 990, PART VII AND SCHEDULE J IS PAID BY A RELATED FOR-PROFIT ORGANIZATION, GNYHA MANAGEMENT CORPORATION. THE FOLLOWING INDIVIDUALS PARTICIPATED IN ONE OR MORE SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENTS THROUGH GNYHA MANAGEMENT CORPORATION. CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLANS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C) AS PART OF DEFERRED COMPENSATION OR SCHEDULE J, PART II, COLUMN (B)(III) WHEN AMOUNTS ARE CONTRIBUTED AND VESTED IN THE SAME CALENDAR YEAR: KENNETH E. RASKE - $33,864 LEE H. PERLMAN - $11,475 KAREN S. HELLER - $8,460 DAVID C. RICH - $312,854 SUSAN C. WALTMAN - $187,377 ELISABETH WYNN - $306,079 LAURA ALFREDO - $203,799 JONATHAN COOPER - $130,672 ADDITIONALLY, KAREN HELLER RECEIVED A DISTRIBUTION IN THE AMOUNT OF $824,708 FROM THE PLAN THAT WAS DEFERRED ON A PREVIOUSLY FILED FORM 990 AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III) AS TAXABLE WAGES IN THE CURRENT YEAR.

PART II:

SALARY AND BENEFIT AMOUNTS ARE PAID BY A RELATED ORGANIZATION, GNYHA MANAGEMENT CORPORATION. A PORTION IS ALLOCATED TO THE ASSOCIATION BASED ON THE SERVICES RENDERED. FOR THE YEAR ENDED 12/31/2023, THE ALLOCATED AMOUNT OF SALARY AND FRINGE BENEFITS IS AS FOLLOWS: LEE H. PERLMAN - $875,000 SALARY AND $14,624 FRINGE BENEFITS KENNETH E. RASKE - $668,938 SALARY AND $15,584 FRINGE BENEFITS DAVID C. RICH - $471,307 SALARY AND $18,307 FRINGE BENEFITS SUSAN C. WALTMAN - $185,952 SALARY AND $10,626 FRINGE BENEFITS ELISABETH WYNN - $335,245 SALARY AND $24,394 FRINGE BENEFITS LAURA ALFREDO - $168,790 SALARY AND $9,017 FRINGE BENEFITS JONATHAN COOPER - $113,173 SALARY AND $21,494 FRINGE BENEFITS

PART II, COLUMN (B)(II):

SUSAN WALTMAN RECEIVED A BONUS IN THE AMOUNT OF $250,000 THAT WAS DEFERRED ON A PREVIOUSLY FILED FORM 990 AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II) AS TAXABLE WAGES IN THE CURRENT YEAR.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• GNYHA MANAGEMENT CORP

  C · ADMINISTRATION · NY · 100% owned · share of income $10,672,968 · share of assets $262,445,317 · controlled entity

  Directly controlled by GNYHA

• GNYHA VENTURES INC

  C · HEALTH CARE · NY · 100% owned · share of assets $21,001 · controlled entity

  Directly controlled by GNYHA MGMT CORP

• GNYHA AC INC

  C · HEALTH CARE · NY · 100% owned · share of income $26,174,833 · share of assets $28,119,031 · controlled entity

  Directly controlled by GNYHA VENTURES

• GNYHA NX INC

  C · HEALTH CARE · NY · 100% owned · share of income $3,235,092 · controlled entity

  Directly controlled by GNYHA VENTURES