2024-11-12T12:27:03-06:00 2023-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2023-01-01 300102842 THE FLOATING HOSPITAL FOUNDATION INC FLOA 7187842240 950 THIRD AVENUE NEW YORK NY 10022 SEAN T GRANAHAN PRESIDENT & GENERAL COUNSEL 7187842240 2024-11-12 1 1 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2024-11-04 2023 2024-10-15 13:58:12Z SEAN T GRANAHAN 950 THIRD AVENUE NEW YORK NY 10022 2066097 0 X WWW.THEFLOATINGHOSPITAL.ORG X 2001 NY THE ORGANIZATION IS A TYPE I SUPPORTING ORGANIZATION THAT RAISES FUNDS FOR AND SUPPORTS THE FLOATING HOSPITAL, INC. THE FLOATING HOSPITAL, INC. IS DEDICATED TO PROVIDING CHARITABLE PRIMARY HEALTH CARE SERVICES TO A LARGELY UNDERSERVED POPULATION. 13 13 7 13 0 0 901643 1890254 0 0 738 1128 -14414 59578 887967 1950960 0 0 0 0 313912 402438 0 0 640062 611048 237624 924960 640062 -36993 1310898 1260115 1063582 1541753 27426 -281638 1036156 THE ORGANIZATION IS A TYPE I SUPPORTING ORGANIZATION THAT RAISES FUNDS FOR AND SUPPORTS THE FLOATING HOSPITAL, INC. THE FLOATING HOSPITAL, INC. IS DEDICATED TO PROVIDING CHARITABLE PRIMARY HEALTH CARE SERVICES TO A LARGELY UNDERSERVED POPULATION. 0 0 THE ORGANIZATION RAISES MONEY FOR THE BENEFIT OF FLOATING HOSPITAL. 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 7 0 1 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NY X GLORIA CARNEY JACKSON 7187842240 950 THIRD AVENUE NEW YORK NY 10022 ANTHONY BROWNIE TRUSTEE (EX OFFICIO) 1.00 1.00 X 0 0 0 ASHLEY SANDBERG TRUSTEE 1.00 X 0 0 0 CAROLYN MALONEY TRUSTEE 1.00 X 0 0 0 CHARLENE PROUNIS TRUSTEE 1.00 X 0 0 0 DOMINICK DELORENZO TRUSTEE (EX OFFICIO) 1.00 1.00 X 0 0 0 DUGLAS SEIDMAN TREASURER 1.00 X X 0 0 0 JANE FRANCISCO TRUSTEE 1.00 X 0 0 0 JOAN C BRANCACCIO CHAIR 1.00 X X 0 0 0 MADELEINE RICHARD SECRETARY 1.00 X X 0 0 0 MARIANNE ROSENBERG TRUSTEE 1.00 X 0 0 0 MARTIN TUCHMAN TRUSTEE 1.00 X 0 0 0 PATRICIA HAEGELE TRUSTEE 1.00 X 0 0 0 REGINA JASLOW TRUSTEE (EX OFFICIO) 1.00 1.00 X 0 0 0 TANYA D FISCHE TRUSTEE 1.00 X 0 0 0 WALLYE HOLLOWAY TRUSTEE 1.00 X 0 0 0 SEAN T GRANAHAN PRESIDENT/GENERAL COUNCIL 5.00 30.00 X 0 211550 28655 GLORIA CARNEY JACKSON EXECUTIVE VICE PRESIDENT OF FINANCE 5.00 30.00 X 0 175797 14865 LAURA EVANS VP, DEVELOPMENT 35.00 X 110144 0 2707 110144 387347 46227 1 0 1 0 0 120342 1769912 350945 1890254 1128 1128 171892 120342 115137 56755 56755 2823 2823 2823 1950960 0 0 60706 324685 324685 61740 61740 16013 16013 5446 5446 15505 15505 3450 3450 10105 10105 DONATED CLOTHING & HOUS 159541 159541 EVENT EXPENSES 27467 27467 DUES & SUBSCRI[TION 9503 9503 CONSUMABLE SUPPLIES 6607 6607 640062 0 0 640062 30593 62158 13577 35575 821458 288821 15800 50908 15286 5222 10064 10064 48362 71323 320261 320261 0 224472 1260115 1063582 47726 27426 1494027 0 1541753 27426 X -574944 452235 293306 583921 -281638 1036156 1260115 1063582 1310898 6896 0 X 0 1 X 1 0 X X 1 THE FLOATING HOSPITAL INC 131624169 7 1 0 640062 1 0 640062 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15286 5222 10064 10064 TFH SERVICES LLC 320261 C 320261 DUE FROM AFFILIATE 224472 224472 X 34474057 6896 32401064 32407960 2066097 -115137 -115137 1950960 32926589 32286527 32286527 640062 0 640062 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE ORGANIZATION'S TAX RETURNS PRIOR TO FISCAL YEAR 2020 ARE CLOSED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 33,004,189. INTERCOMPANY ELIMINATIONS -603,125. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED AGAINST FUNDRAISING REVENUE -115,137. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 32,774,515. FUNDRAISING EXPENSES NETTED AGAINST FUNDRAISING REVENUE 115,137. INTERCOMPANY ELIMINATIONS -603,125. ANNUAL GALA 292234 120342 171892 49125 12932 53080 292234 120342 171892 49125 12932 53080 115137 56755 0 0 0 0 0 0 0 0 0 SEAN T GRANAHAN PRESIDENT/GENERAL COUNCIL 0 210550 0 1000 0 0 0 8700 0 19955 0 240205 0 0 GLORIA CARNEY JACKSON EXECUTIVE VICE PRESIDENT OF FINANCE 0 175797 0 0 0 0 0 7516 0 7349 0 190662 0 0 PART I, LINE 3 ALL COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION USING THE FOLLOWING: TFH FOLLOWS THE NATIONAL ASSOCIATION OF COMMUNITY HEALTH CENTER GUIDELINES ON OFFICERS AND KEY EMPLOYEE'S SALARIES. IN ADDITION OTHER AGENCIES FORM 990S ARE SOMETIMES REVIEWED, AS WELL AS SALARY SURVEYS FOR HOSPITAL EXECUTIVES. THE BOARD MEETS IN A CLOSED SESSION TO ADDRESS THE ISSUE OF CEO COMPENSATION. X 350945 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE FLOATING HOSPITAL INC. IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A FLOATING HOSPITAL AS THE SOLE MEMBER OF THE ORGANIZATION APPOINTS THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO SUBCOMMITTEES OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B TAX RETURN IS PREPARED BY AN INDEPENDENT ACCOUTANT AND REVIEWED BY MANAGEMENT, A DRAFT OF THE FORM 990 IS REVIEWED WITH THE BOARD BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION REVIEWS THE POLICIES IN A BOARD MEETING AND REQUESTS THAT ALL MEMBERS OF THE BOARD OF TRUSTEES AND OFFICERS RE-SIGN THE CONFLICT OF INTEREST POLICY STATEMENT. BOARD MEMBERS ARE PROHIBITED FROM RECRUITING BOARD MEMBERS WHO ARE TFH VENDORS, SO MONITORING BEGINS WITH THE BOARD ITSELF. BOARD ORIENTATION PACKETS CONTINUE THE PROCESS. VENDORS OVER $100,000 REQUIRE BOARD NOTIFICATION WHICH IS PRIMARILY SUPPLIED BY THE FORM 990. THE ANNUAL AUDIT SERVES AS AN INDEPENDENT FINAL CHECK OF POSSIBLE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION FOLLOWS THE NATIONAL ASSOCIATION OF COMMUNITY HEALTH CENTER GUIDELINES ON OFFICERS AND KEY EMPLOYEE'S SALARIES. IN ADDITION, OTHER AGENCIES FORM 990S ARE SOMETIMES REVIEWED. THE BOARD MEETS IN A CLOSED SESSION TO ADDRESS THE ISSUE OF CEO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FLOATING HOSPITAL INC 21-01 41ST AVE LONG ISLAND CITY NY 11101 131624169 DIAGNOSTIC AND TREATMENT CENTER NY 501(C)(3) LINE 7 N/A 0 TFH SERVICES LLC 21-01 41ST AVE LONG ISLAND CITY NY 11101 823212495 FINANCING NY THE FLOATING HOSPITAL INC RELATED -873289 8586798 0 1 0.95000 0 0 0 1 0 0 0 0 1 0 0 1 0 1 1 1 0 0 0