2024-11-06T13:15:58-06:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-01-01 132954140 GREATER NEW YORK HOSPITAL FOUNDATION INC GREA 2122467100 555 WEST 57TH STREET 1500 NEW YORK NY 10019 LEE H PERLMAN EVP, CHIEF ADMIN/FINANCE OFF. 2122467100 2024-11-06 1 1 SCOTT THOMPSETT P00741490 2125990100 2023 2024-10-15 13:58:12Z KENNETH E RASKE 555 WEST 57TH STREET 1500 NEW YORK NY 10019 367591 0 X WWW.GNYHAFOUNDATION.ORG X 1978 NY TO IDENTIFY AND IMPLEMENT INNOVATIVE SOLUTIONS TO CHALLENGES FACING THE HEALTH CARE SYSTEM. 15 15 0 15 0 0 1125000 190000 256423 169500 1032 8091 0 0 1382455 367591 20000 0 0 0 313275 251506 0 0 0 641575 369817 974850 621323 407605 -253732 1523075 1072277 309049 111983 1214026 960294 X THE FOUNDATION'S MISSION IS TO IDENTIFY AND IMPLEMENT INNOVATIVE SOLUTIONS TO CHALLENGES FACING THE HEALTH CARE SYSTEM IN ORDER TO INCREASE ACCESS AND PROMOTE THE DELIVERY OF QUALITY HEALTH CARE FOR THE UNDERSERVED. FOR MORE INFORMATION, SEE SCHEDULE O. 0 0 260557 SOCIAL CARE FOR ALL NEEDS MEDICAL EDUCATION ACADEMY (SCAN ME): THIS TWO-YEAR PROJECT AIMS TO ENGAGE MEDICAL STUDENTS AND RESIDENTS IN THE SOCIAL CARE NEEDS OF NEW YORK'S LOW-INCOME COMMUNITIES THROUGH THE DEVELOPMENT AND IMPLEMENTATION OF A SET OF VIRTUAL LEARNING MODULES. 125452 169500 EMERGENCY PREPAREDNESS FOR NURSING FACILITIES (EMERGENCY PREPAREDNESS): THIS PROJECT'S GOAL IS TO CONDUCT OUTREACH TO ALL NYC-BASED NURSING FACILITIES AND SUPPORT THEIR EMERGENCY PREPAREDNESS CAPABILITIES, INCLUDING COMMUNICATIONS AND SITUATIONAL AWARENESS, HEALTHCARE COALITION DEVELOPMENT, STAFFING NEEDS, EDUCATION, AND TRAINING. 125000 BUILDING AN INFRASTRUCTURE TO SUSTAIN QUALITY IMPROVEMENT INITIATIVE (QII): THIS INITIATIVE AIMS TO STRENGTHEN QUALITY IMPROVEMENT EDUCATION AND TRAINING FOR PHYSICIANS, NURSES, AND PHYSICIAN ASSISTANTS AND TO SUPPORT HOSPITALS IN IMPROVING PATIENT ACCESS TO AMBULATORY SPECIALTY CARE. 511009 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 18 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X LISA KRIEGER 2125065451 555 WEST 57 STREET NEW YORK NY 10019 PHILIP OZUAH TREASURER (THRU 5/23); CHAIR 0.13 1.13 X X 0 0 0 PATRICK M O'SHAUGHNESSY SECRETARY (THRU 5/23); VICE CHAIR 0.13 1.13 X X 0 0 0 MITCHELL KATZ VICE CHAIR HEALTH & HOSPITALS 0.13 1.13 X X 0 0 0 JEFFREY I FARBER VICE CHAIR LONG TERM CARE 0.13 1.13 X X 0 0 0 DONALD BOYD ASST TREAS (THRU 5/23); TREASURER 0.13 1.13 X X 0 0 0 SELWYN M VICKERS SECRETARY (AS OF 6/23) 0.13 1.13 X X 0 0 0 RICHARD DAVIS ASSISTANT TREASURER (AS OF 6/23) 0.13 1.13 X X 0 0 0 DAVID PERLSTEIN ASSISTANT SECRETARY 0.13 1.13 X X 0 0 0 COLLEEN M BLYE CHAIR, AUDIT & COMPLIANCE COMMITTEE 0.13 1.13 X X 0 0 0 KENNETH GIBBS CHAIR (THRU 5/23); IMMED PAST CHAIR 0.13 1.13 X X 0 0 0 LARAY BROWN PAST CHAIR 0.13 1.13 X X 0 0 0 STEVEN CORWIN PAST CHAIR 0.13 1.13 X X 0 0 0 ROBERT GROSSMAN PAST CHAIR (AS OF 6/23) 0.13 1.13 X X 0 0 0 KENNETH DAVIS PAST CHAIR (AS OF 6/23) 0.13 1.13 X X 0 0 0 MICHAEL DOWLING PAST CHAIR (AS OF 6/23) 0.13 1.13 X X 0 0 0 KATHRYN MARTIN VICE CHAIR (THRU 5/23) 0.13 1.13 X X 0 0 0 KIMBERLY BOYNTON AT LARGE (THRU 5/23) 0.13 1.13 X 0 0 0 LOUIS A SHAPIRO PAST CHAIR (THRU 5/23) 0.13 1.13 X X 0 0 0 KENNETH E RASKE PRESIDENT 0.08 34.92 X 0 3076455 105535 LEE H PERLMAN EVP, CHIEF ADMIN/FINANCE OFFICER 0.08 34.92 X 0 3730470 73824 TIMOTHY JOHNSON EXECUTIVE DIRECTOR 4.17 30.83 X 0 411845 69604 0 7218770 248963 0 0 1 0 O'BRIEN GROUP LLC 1276 SWEETWATER DR CINCINNATI OH 45215 DEVELOPMENT & CONSULTATION SERVICES 118000 1 50000 140000 190000 EMERGENCY PREPAREDNESS 541900 169500 169500 169500 8091 8091 367591 169500 0 8091 X 60712 34881 25831 153100 124020 29080 9875 8123 1752 27819 22882 4937 166307 166307 38400 38400 90000 90000 10039 10039 LICENSING FEE 64796 64796 MISCELLANEOUS 275 275 621323 511009 110314 0 843001 438985 109381 107585 450000 405000 50625 67648 70068 53059 1523075 1072277 212851 56110 96198 55873 309049 111983 X 85305 116214 1128721 844080 1214026 960294 1523075 1072277 -253732 0 X X 0 1 X 1 0 X 3784845 20794653 2966101 1125000 190000 28860599 3784845 20794653 2966101 1125000 190000 28860599 15120175 13740424 3125 1480 486 1032 8091 14214 28874813 2338041 0.47590 0.56160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO GNYHA MGMT CORPORATION 55873 55873 X 540491 172900 172900 367591 0 367591 794223 172900 172900 621323 0 621323 PART X, LINE 2: UNCERTAIN TAX POSITION THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION APPLIES THE GUIDANCE IN ASC SUBTOPIC 740-10, INCOME TAXES, WHICH ADDRESSES THE ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE FOUNDATION UTILIZES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. X X X X X 0 1 0 0 0 0 0 0 0 LEE H PERLMAN EVP, CHIEF ADMIN/FINANCE OFFICER 0 1723552 0 1988000 0 18918 0 32925 0 40899 0 3804294 0 0 KENNETH E RASKE PRESIDENT 0 2218514 0 838000 0 19941 0 55314 0 50221 0 3181990 0 0 TIMOTHY JOHNSON EXECUTIVE DIRECTOR 0 406221 0 2000 0 3624 0 21450 0 48154 0 481449 0 0 PART I, LINE 3 COMPENSATION OF THE FOUNDATION'S EXECUTIVE DIRECTOR IS ESTABLISHED BY THE COMPENSATION COMMITTEE OF GREATER NEW YORK HOSPITAL ASSOCIATION, WHOSE MEMBERS, LIKEWISE, ALSO SERVE ON THE FOUNDATION'S BOARD OF DIRECTORS OR AS OFFICERS OF THE FOUNDATION. THE ASSOCIATION, AS NOTED IN FORM 990, PART VI, LINE 7, IS THE FOUNDATION'S SOLE VOTING MEMBER. GREATER NEW YORK HOSPITAL ASSOCIATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE COMPENSATION REPORTED IN BOTH FORM 990 PART VII AND SCHEDULE J IS PAID BY A RELATED FOR-PROFIT CORPORATION, GNYHA MANAGEMENT CORPORATION. TWO OFFICERS, KENNETH E. RASKE AND LEE PERLMAN PARTICIPATE IN SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLANS OFFERED THROUGH GNYHA MANAGEMENT CORPORATION. IN CALENDAR YEAR 2023, NO CONTRIBUTIONS TO, OR DISTRIBUTIONS FROM, THE PLAN WERE MADE TO THESE INDIVIDUALS. PART II: TIMOTHY JOHNSON IS THE EXECUTIVE DIRECTOR OF THE ORGANIZATION AND AN EMPLOYEE OF A RELATED ORGANIZATION, GNYHA MANAGEMENT CORPORATION. HIS SALARY AND BENEFIT AMOUNTS ARE PAID BY GNYHA MANAGEMENT CORPORATION AND A PORTION IS ALLOCATED TO THE FOUNDATION BASED ON THE SERVICES HE RENDERS. FOR THE YEAR ENDED 12/31/2023, THE ALLOCATED AMOUNT OF HIS SALARY IS $48,905 AND THE ALLOCATED AMOUNT OF FRINGE BENEFITS IS $8,265. FORM 990, PART III, LINE 1 THE GREATER NEW YORK HOSPITAL FOUNDATION IS THE NOT-FOR-PROFIT 501(C)(3) AFFILIATE OF THE GREATER NEW YORK HOSPITAL ASSOCIATION (GNYHA), AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(6). THE FOUNDATION WAS CREATED TO ASSIST HEALTHCARE PROVIDERS IN THEIR DELIVERY OF SERVICES TO THE COMMUNITY, INCLUDING PATIENTS AND THE PUBLIC AT LARGE, ALL BY SUCH MEANS AS SHALL FROM TIME TO TIME BE FOUND APPROPRIATE AND AS ARE LAWFUL FOR A NOT-FOR-PROFIT CORPORATION, INCLUDING, WITHOUT LIMITATION, THE DEVELOPMENT OF EDUCATIONAL PROGRAMS, THE UNDERTAKING OF QUANTITATIVE ANALYSES AND OTHER STUDIES, THE GRANTING OF FINANCIAL AID AND THE CREATION OF FUNDS TO PROVIDE RECOGNITION AND/OR FINANCIAL SUPPORT TO INDIVIDUALS WHO DELIVER CARE AND/OR THEIR FAMILIES FOR EXTRAORDINARY SERVICES RENDERED. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING INDIVIDUALS HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER IN SO FAR AS THE PERSONS LISTED ARE OFFICERS, EMPLOYEES AND/OR DIRECTORS OF THE FOUNDATION AND ALSO OF GNYHA MANAGEMENT CORPORATION, AN ENTITY TAXED AS A CORPORATION: STEVEN J CORWIN; LARAY BROWN; KENNETH GIBBS; MITCHELL KATZ; PHILIP OZUAH; JEFFREY FARBER; DAVID PERLSTEIN; PATRICK O'SHAUGHNESSY; DONALD BOYD; KENNETH DAVIS; MICHAEL DOWLING; RICHARD DAVIS; ROBERT GROSSMAN; SELWYN VICKERS; TIMOTHY JOHNSON; KENNETH E RASKE; LEE H PERLMAN. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS THE GREATER NEW YORK HOSPITAL ASSOCIATION ("GNYHA"), AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). FORM 990, PART VI, SECTION A, LINE 7A AS THE ORGANIZATION'S SOLE MEMBER, GNYHA HAS THE RIGHT TO VOTE ON THE ELECTION OF THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER MUST APPROVE THE ELECTION OF THE BOARD OF DIRECTORS AND ANY OTHER ACTION REQUIRING MEMBERS' APPROVAL AS A MATTER OF LAW. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 RETURN WAS PREPARED BY THE ORGANIZATION'S FINANCE DEPARTMENT AND AN INDEPENDENT ACCOUNTING FIRM. THE ORGANIZATION'S AUDIT AND COMPLIANCE COMMITTEE, WHICH COMPRISES FOUR MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS, REVIEWED THE DRAFT RETURN AT A COMMITTEE MEETING. THE FINAL FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY BY ELECTRONIC MEANS PRIOR TO THE RETURN BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ADMINISTERS AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT TO EXECUTIVE EMPLOYEES, OFFICERS AND DIRECTORS OF THE ORGANIZATION. THE AUDIT & COMPLIANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING AND MONITORING ANY POTENTIAL CONFLICTS. ADDITIONALLY THE AUDIT & COMPLIANCE COMMITTEE MEETS THROUGHOUT THE YEAR TO REVIEW ONGOING ADMINISTRATION AND IMPLEMENTATION OF THE CONFLICT OF INTEREST POLICY. A MEMBER OF THE GOVERNING BODY WHO HAS A CONFLICT IS REQUIRED TO RECUSE HIMSELF OR HERSELF FROM ANY DISCUSSION RELATING TO SUCH CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AND OTHER OFFICERS IS ESTABLISHED BY THE COMPENSATION COMMITTEE OF GREATER NEW YORK HOSPITAL ASSOCIATION, WHOSE MEMBERS, LIKEWISE, ALSO SERVE ON THE FOUNDATION'S BOARD OF DIRECTORS OR AS OFFICERS OF THE FOUNDATION. THE ASSOCIATION, AS NOTED IN FORM 990, PART VI, LINE 7, IS THE FOUNDATION'S SOLE VOTING MEMBER. GNYHA'S COMPENSATION COMMITTEE, COMPOSED OF INDEPENDENT PERSONS, REVIEWED AND APPROVED THE COMPENSATION OF THE ORGANIZATION'S OFFICERS. WITH RESPECT TO 2023 COMPENSATION AND CERTAIN BONUS ARRANGEMENTS, TO ASSIST AND SUPPORT THE REVIEW AND DECISION-MAKING PROCESS, GNYHA ENGAGED AN OUTSIDE CONSULTANT TO COLLECT AND ANALYZE COMPARABILITY DATA AND OTHER INFORMATION AND MAKE RECOMMENDATIONS TO THE COMPENSATION COMMITTEE. THE DECISIONS AS WELL AS THE DECISION-MAKING PROCESS OF THE COMMITTEE WERE DOCUMENTED CONTEMPORANEOUSLY. ALL OFFICERS' COMPENSATION AND BENEFITS ARE PAID BY A RELATED ORGANIZATION, GNYHA MANAGEMENT CORPORATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S FORM 990 IS PUBLICLY AVAILABLE ON VARIOUS WEBSITES, INCLUDING GUIDESTAR, PROPUBLICA AND IRS.GOV; ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE IN THE FOUNDATION'S MAIN OFFICE AND WILL BE PROVIDED UPON REQUEST IN A TIMELY MANNER. FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 166,307. TOTAL EXPENSES 166,307. FORM 990, PART XII, LINES 2B AND 2C: THE FOUNDATION ISSUED STAND ALONE FINANCIAL STATEMENTS, AND IS ALSO PART OF CONSOLIDATED AUDITED FINANCIAL STATEMENTS. THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW OR COMPILATION OF ITS FINANCIAL STATEMENTS, AND SELECTION OF AN INDEPENDENT ACCOUNTANT. GREATER NEW YORK HOSPITAL ASSOCIATION 555 WEST 57TH ST SUITE 1500 NEW YORK NY 10019 131552496 HEALTH CARE NY 501(C)(6) N/A N/A 0 GNYHA MANAGEMENT CORPORATION 555 WEST 57TH STREET NEW YORK NY 10019 133636375 ADMINISTRATION NY N/A C 0 GNYHA AC INC 555 WEST 57TH STREET NEW YORK NY 10019 132955551 HEALTHCARE NY N/A C 0 GNYHA VENTURES INC 555 WEST 57TH STREET NEW YORK NY 10019 133465616 HEALTHCARE NY N/A C 0 GNYHA NX INC 555 WEST 57TH STREET NEW YORK NY 10019 133465618 HEALTHCARE NY N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 GNYHA MANAGEMENT CORPORATION C 50000 FMV GNYHA MANAGEMENT CORPORATION N 25440 FMV GNYHA MANAGEMENT CORPORATION O 172990 FMV GNYHA MANAGEMENT CORPORATION P 304336 FMV SCHEDULE R GREATER NEW YORK HOSPITAL FOUNDATION (GNYHF) IS A 501(C)(3) ORGANIZATION AND AN AFFILIATE OF GREATER NEW YORK HOSPITAL ASSOCIATION (GNYHA), WHICH IS A 501(C)(6) ORGANIZATION. GNYHA FILES A SEPARATE FORM 990. GNYHA PROVIDES ADVOCACY SERVICES FOR ITS MEMBER HOSPITALS TO ASSIST THEM IN IMPROVING ACCESS TO AND THE QUALITY AND EFFICIENCY OF HEALTH CARE. THESE SERVICES INCLUDE ADVOCACY SERVICES AT THE NATIONAL LEVEL FOR ITS NEW YORK, NEW JERSEY, CONNECTICUT, AND RHODE ISLAND HOSPITAL MEMBERS AND ADVOCACY SERVICES AT THE STATE LEVEL FOR ITS NEW YORK HOSPITAL AND HEALTH SYSTEMS MEMBERS. IN 2023, GNYHA'S RELATED ENTITIES INCLUDE FOUR FOR-PROFIT COMPANIES. THESE COMPANIES FOCUS PRIMARILY ON HELPING HEALTH CARE ORGANIZATIONS REDUCE THEIR COSTS AND OPERATE MORE EFFICIENTLY.