Form 990 for tax year 2023

Filed by CENTRAL SUFFOLK HOSPITAL FOUNDATION.

Totals

Total revenue: $20,566,899
Total expenses: $11,919,694
Contributions and grants received: $10,250,695
Grants paid: $10,000,000
Program service revenue: $0
Investment income: $10,986,831
Other revenue: -$670,627
Total assets, end of year: $55,316,259
Total liabilities, end of year: $10,627,870
Net assets or fund balances, end of year: $44,688,389
Program services expenses (Part IX): $11,913,376
Management and general expenses: $6,318
Fundraising expenses: $0
Program service expenses (Part III): $11,913,376

Program services were 99.9% 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.

1c · Fundraising events

$1,789,374
1f · All other contributions, gifts and grants

$8,461,321
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $1,068,407 · excluded $1,068,407
6a · Gross rents

real property $109,709
6b · Less rental expenses

real property $711,761
6c · Rental income or loss

real property -$602,052 · personal property $0
6d · Net rental income or loss

total -$602,052 · excluded -$602,052
7a · Gross sales of assets other than inventory

securities $6,318 · other assets $19,925,449
7b · Less cost or other basis and sales expenses

securities $6,318 · other assets $10,007,025
7c · Gain or loss

securities $0 · other assets $9,918,424
7d · Net gain or loss

total $9,918,424 · excluded $9,918,424
8a · Fundraising events: gross income

$89,100
8a · Fundraising events: contributions included on line 1c

$1,789,374
8b · Fundraising events: direct expenses

$157,675
8c · Net income from fundraising events

total -$68,575 · excluded -$68,575
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 $10,000,000 · program services $10,000,000
11a · Fees: management

total $1,007,299 · program services $1,007,299
11b · Fees: legal

total $53,537 · program services $53,537
11f · Fees: investment management

total $6,318 · management and general $6,318
11g · Fees: other

total $131,745 · program services $131,745 · management and general $0 · fundraising $0
13 · Office expenses

total $354,357 · program services $354,357
16 · Occupancy

total $151,847 · program services $151,847
19 · Conferences, conventions and meetings

total $8,825 · program services $8,825
24a · Other expenses: MISCELLANEOUS

total $111,981 · program services $111,981
24b · Other expenses: STEWARDSHIP

total $82,038 · program services $82,038
24c · Other expenses: EDUCATION REIMBURSEMENT

total $10,000 · program services $10,000
24d · Other expenses: COMMUNITY OUTREACH

total $1,747 · program services $1,747
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $20,771,242 · end of year $28,561,658
2 · Savings and temporary cash investments

beginning of year $0
3 · Pledges and grants receivable

beginning of year $7,145,884 · end of year $11,212,447
4 · Accounts receivable

beginning of year $646,057
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
7 · Other notes and loans receivable

beginning of year $0
8 · Inventories for sale or use

beginning of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0
10a · Land, buildings and equipment: cost or other basis

$14,735,318
10b · Land, buildings and equipment: accumulated depreciation

$1,169,748
10c · Land, buildings and equipment, net

beginning of year $23,790,093 · end of year $13,565,570
11 · Investments: publicly traded securities

beginning of year $1,174,654 · end of year $1,249,077
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0
15 · Other assets

beginning of year $179,792 · end of year $727,507
17 · Accounts payable and accrued expenses

beginning of year $83,918 · end of year $110,218
18 · Grants payable

beginning of year $0
19 · Deferred revenue

beginning of year $0
20 · Tax-exempt bond liabilities

beginning of year $0
21 · Escrow or custodial account liability

beginning of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $17,160,457 · end of year $9,494,689
24 · Unsecured notes and loans payable

beginning of year $0
25 · Other liabilities

beginning of year $451,484 · end of year $1,022,963
27 · Net assets without donor restrictions

beginning of year $22,151,134 · end of year $32,735,910
28 · Net assets with donor restrictions

beginning of year $13,860,729 · end of year $11,952,479

Mission and programs · 2023

Mission

THE FOUNDATIONS MISSION IS TO DEVELOP AND CULTIVATE PHILANTHROPIC AND COLLABORATIVE RELATIONSHIPS THAT FOSTER PROGRAMS AND SERVICES OFFERED THROUGH CENTRAL SUFFOLK HOSPITAL WHICH IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES.

Activities or mission (Part I)

THE MISSION OF CENTRAL SUFFOLK HOSPITAL FOUNDATION IS TO SEEK PHILANTHROPIC SUPPORT ON BEHALF OF CENTRAL SUFFOLK HOSPITAL D/B/A PECONIC BAY MEDICAL CENTER.

TO SUPPORT THE SERVICES PROVIDED AT PECONIC BAY MEDICAL CENTER.

Expenses $11,913,376 · Grants $10,000,000

As filed on the 2023 return.

Listed in Part VII

EMILIE ROY COREY

BOARD CHAIR

Total calculated

$0

Hours/week

10 + 1 related
JOAN LEVAN

SECRETARY/TREASURER

Total calculated

$0

Hours/week

0.5 + 1 related
JUDITH A JEDLICKA

VICE CHAIR

Total calculated

$0

Hours/week

4
RICHARD ISRAEL

VICE CHAIR

Total calculated

$0

Hours/week

0.5 + 1 related
KAREN MASSOUD

MEMBER

Total calculated

$0

Hours/week

0.5 + 1 related
MARY ANN ALEXANDER

MEMBER

Total calculated

$0

Hours/week

0.5
MICHAEL SCHWENK

MEMBER

Total calculated

$0

Hours/week

0.5
Peri Hoffer Hinden

Member

Total calculated

$0

Hours/week

0.5
RICHARD WINSLOW

MEMBER

Total calculated

$0

Hours/week

0.5
SHERRY PATTERSON

MEMBER

Total calculated

$0

Hours/week

0.5 + 1 related
STANLEY ZINBERG

MEMBER

Total calculated

$0

Hours/week

0.5 + 1 related
W Brian Stark

Member

Total calculated

$0

Hours/week

0.5
AMY LOEB

PRESIDENT OF FOUNDATION

Total calculated

$824,099

From this org

$0

From related orgs

$745,592

Other

$78,507

Hours/week

10 + 27.5 related

Schedule J breakdown matched by us

Base

$0 + $578,145 related

Bonus

$0 + $132,034 related

Other

$0 + $35,413 related

Deferred

$0 + $36,300 related

Nontaxable benefits

$0 + $42,207 related

Filer's total

$0 + $824,099 related
Andrew J Mitchell

FORMER PRESIDENT & CEO

Total calculated

$745,682

From this org

$0

From related orgs

$693,735

Other

$51,947

Hours/week

0

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$0 + $693,735 related

Deferred

$0 + $36,300 related

Nontaxable benefits

$0 + $15,647 related

Filer's total

$0 + $745,682 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

4a · Severance or change-of-control payment

Answered no

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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation: CSH utilizes salary surveys and reviews them with the compensation committee of the Board of Directors. The process was last performed in March 2023.
Schedule J, Part I, Line 4a Severance or change-of-control payment: ANDREW MITCHELL SERVED AS THE PRESIDENT THROUGH 6/30/2022. HE RECEIVED A SEVEREANCE PAYMENT OF $693,735 IN REPORTABLE COMPENSATION FROM A RELATED ORGANIZATION IN 2023.

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

Peconic Bay Medical Center

$10,000,000

HOSPITAL CARE

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.

CENTRAL SUFFOLK HOSPITAL DBA PECONIC BAY

501(c)(3) · HOSPITAL CARE · NY

Directly controlled by NORTHWELL

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 November 2024
IRS schema version: 2023v5.1
Source object: 202443209349315719

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