Form 990 for tax year 2022
Filed by THE WINIFRED MASTERSON BURKE FOUNDATION INC.
Totals
- Total revenue
- $8,094,921
- Total expenses
- $5,040,448
- Contributions and grants received
- $0
- Grants paid
- $4,350,000
- Program service revenue
- $0
- Investment income
- $8,168,745
- Other revenue
- -$73,824
- Total assets, end of year
- $93,459,778
- Total liabilities, end of year
- $196,249
- Net assets or fund balances, end of year
- $93,263,529
- Program services expenses (Part IX)
- $4,350,000
- Management and general expenses
- $690,448
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,350,000
Program services were 86.3% 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.
-
3 · Investment income
total $1,991,041 · excluded $1,991,041
-
7a · Gross sales of assets other than inventory
securities $18,359,567
-
7b · Less cost or other basis and sales expenses
securities $12,181,863
-
7c · Gain or loss
securities $6,177,704
-
7d · Net gain or loss
total $6,177,704 · excluded $6,177,704
-
11a · Other revenue: PARTNERSHIP INCOME
total -$73,824 · excluded -$73,824
-
11e · Other revenue, total
-$73,824
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,350,000 · program services $4,350,000
-
11b · Fees: legal
total $16,538 · management and general $16,538
-
11c · Fees: accounting
total $87,116 · management and general $87,116
-
11f · Fees: investment management
total $467,755 · management and general $467,755
-
11g · Fees: other
total $115,981 · management and general $115,981
-
23 · Insurance
total $3,058 · management and general $3,058
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year -$1
-
2 · Savings and temporary cash investments
beginning of year $4,804,612 · end of year $7,110,853
-
4 · Accounts receivable
beginning of year $49,796 · end of year $47,724
-
10a · Land, buildings and equipment: cost or other basis
$176,475
-
10c · Land, buildings and equipment, net
beginning of year $176,475 · end of year $176,475
-
11 · Investments: publicly traded securities
beginning of year $46,346,403 · end of year $29,114,052
-
12 · Investments: other securities
beginning of year $67,064,640 · end of year $57,010,675
-
17 · Accounts payable and accrued expenses
beginning of year $204,471 · end of year $196,249
-
27 · Net assets without donor restrictions
beginning of year $118,237,455 · end of year $93,263,529
Mission and programs · 2022
Mission
To promote the availability of high quality health services in the greater New York metropolitan area by, among other things, supporting the Winifred Masterson Burke Rehabilitation Hospital, the Winifred Masterson Burke Medical Research Institute and similar tax exempt organizations.
Activities or mission (Part I)
The Winifred Masterson Burke Foundation's primary exempt purpose is to provide funding to the W.M. Burke Medical Research Institute and fund projects for the Burke Rehab Hospital at the Foundation's board discretion.
-
GRANT TO THE WINIFRED MASTERSON BURKE MEDICAL RESEARCH INSTITUTE. THE WINFRED MASTERSON BURKE MEDICAL RESEARCH INSTITUTE IS AN IMPORTANT ENGINE FOR BURKE'S QUEST TO DELIVER THE BEST REHABILITATION STRATEGIES NOT ONLY FOR TODAY BUT ALSO FOR TOMORROW. THE INSTITUTE WAS CREATED IN 1978 TO FOSTER THE DEVELOPMENT OF NEW APPROACHES TO COGNITIVE AND MOTOR REHABILITIATION, AND HAS ENJOYED A LONG STANDING SYNERGY WITH THE WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY. SINCE ITS INCEPTION, THE BREADTH AND DEPTH OF RESEARCH GOING ON AT BURKE HAS DRAMATICALLY EXPANDED. THE CURRENT RESEARCH ON MOLECULES THAT ARE CRITICAL FOR BRAIN REPAIR AND PLASTICITY ARE COUPLED WITH DRUG DISCOVERIES, NOVEL CELL TRANSPLANTATION APPROACHES, HUMAN BIO-MARKERS, NON-EVASIVE BRAIN STIMULATION TRIALS IN HUMANS AND ROBOTICS ARE PROVIDING AN EXCITING NEW BASE OF KNOWLEDGE ON WHICH THE REHABILITATION THERAPIES OF TOMORROW FOR STROKE, SPINAL CORD, AND TRAUMATIC BRAIN INJURY WILL BE BUILT.
Expenses $4,350,000 · Grants $4,350,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MARCUS D BAKER
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DONALD E FOLEY
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ANTHONY GIOFFRE III
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
WILFRED FINNEGAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JEFFREY COE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
NANCY MACKEY LOUDON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RICHARD P RANDALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CHRISTOPHER J MC CARTHY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARGARET KELLER SPERLING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JOHN MC CARTHY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARY ANN MORRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RICHARD CALIBERTI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ALFONSO L CARNEY JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ROBERT BALDONI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
YUKAKO KAWATA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
STEVE WATSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 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.
Grants on this return
-
WINIFRED MASTERSON BURKE RESEARCH INSTITUTE
$4,350,000
PROMOTE MEDICAL 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.
-
WINIFRED MASTERSON BURKE MEDICAL RESEARCH INST
501(C)3 · MEDICAL RESEARCH INSTITUTE · NY
-
THE WINIFRED MASTERSON BURKE CORPORATION
501(C)3 · PROMOTE AVAILABILITY OF HIGH QUALITY HEALTH CARE · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 November 2024
- IRS schema version
- 2022v5.0
- Source object
- 202433169349303098
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