2018-06-15T14:51:43-05:00 2017-07-31 271728945 PKF O'Connor Davies LLP 500 Mamaroneck Avenue Harrison NY 105281633 990 2016-08-01 112418771 THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION HEAL 7182703148 450 CLARKSON AVENUE No MS1281 BROOKLYN NY 11203 BERNADETTE SELBY treasurer 7182703148 2018-06-15 1 Garrett M Higgins P00543209 9143818900 2018-06-15 2016 2022-09-23 18:48:47Z Michael Lucchesi 450 CLARKSON AVENUE No MS1281 BROOKLYN NY 11203 27886694 0 X www.downstate.edu/finance/departments/hscb X 1976 NY To establish, operate, manage, promote, and cultivate educational related activities for the students and faculty of the SUNY downstate medical center and to aid the students, faculty, and administration. In addition, to upgrade and expand facilities to advance the institution's mission. 13 7 81 9 0 0 1617381 2583093 6955642 4948417 3096795 5870930 -523797 799007 11146021 14201447 222975 116509 0 0 3964683 3782382 0 0 0 14802026 5319370 18989684 9218261 -7843663 4983186 138716280 150091460 17449962 17575693 121266318 132515767 X To establish, operate, manage, promote, and cultivate educational related activities for the students and faculty of the SUNY downstate medical center. In addition, the foundation provides aid to the students, faculty, and administration of the Center to further their education and studies, work, living, and co-curricular activities in collaboration and coordination with the educational goals of the Center. 0 0 4948417 4948417 In January 2011, the organization formed Staffco of Brooklyn, LLC ("Staffco"), a professional employer organization to the State University of NY Health Science Center at Brooklyn, Inc. Staffco is a staff leasing company that provided payroll and fringe benefit services for less than 66 employees during fiscal year 2017 of the Long Island College Hospital ("LICH"), an entity owned by SUNY Downstate Medical Center. The total program revenue and expenses generated for this fiscal year 16/17 was $4,948,417. 1769109 The HSCB Foundation supports the recruitment of administrative positions at Downstate Medical Center. In addition, consulting services include public relations, advice on fund-raising, student psychological evaluations, organizational improvements, implementation of the federal government Medicaid waiver known as Delivery System Reform Incentive Payment or DSRIP, and legal services are provided by the Foundation.The organization also operates rental properties, and a faculty and student parking lot on the SUNY Downstate campus. 90180 The Health Science Center at Brooklyn Foundation holds several medical and scientific symposiums and conferences on campus. These conferences are open to the public as well as to the members of the medical and scientific community. In addition, the Foundation provides support to the faculty who are invited as speakers for symposiums and conferences that are held off-campus, and for professional meetings. The Foundation also provides support for professional programs and exams that will further the development of the faculty.The Foundation provides support to several community, department and Center-wide programs. Some of those programs are; Brooklyn Free Clinic; The Children's Center at Brooklyn; Delivery System Reform Incentive Payment or DSRIP, Infant and Child Learning Center; The Arthur Ashe Institute, and many more programs. 116509 116509 The Foundation supports scholarships, honorariums and fellowships in accordance with the requirements of donations received for the purpose. The endowment fund the Foundation has helped to support these scholarships and fellowships. The scholarships are awarded to current students, and faculty of SUNY Downstate. The money can be used for tuition, room and board, or any other educational expense. 116509 116509 6924215 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 75 0 81 1 0 0 0 0 0 0 0 0 0 0 X 13 7 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NY X X Mufutau Sadiku controller 7182703148 450 Clarkson Avenue MS1281 Brooklyn NY 11203 astra Bain-Dowell PresideNT, THRU mAR. 2017 0.10 37.40 X X 0 460854 50446 Michael Lucchesi Vice President and Chair 0.10 37.40 X X 0 249205 20141 JOHN f WILLIAMS JR MD VICE PRESIDENT, THRU SEP. 2016 0.10 37.40 X X 0 270379 34774 Melanie Gehen treasurer, THRU mAR. 2017 0.10 37.40 X X 0 401629 43093 Alan Jeffrey Rosen assT treasurer & direCTOR 7.00 30.50 X X 0 169105 18258 franci scharf secRETARY & director 7.00 30.50 X X 0 155218 33191 joanne Bradley diRECTOR 14.00 23.50 X 0 307312 45076 mark stewart diRECTOR 0.10 37.40 X 0 269388 37483 frank e lucente director 0.10 37.40 X 0 249205 45575 Richard C Davis LLB MBA direCTOR, as of 7/1/17 0.10 X 0 0 0 Dr Gary Sklar diRECTOR, as of 7/1/17 0.10 X 0 0 0 Dr Edward O Mandeville diRECTOR, as of 7/1/17 0.10 X 0 0 0 Dr Gerald E Thomson diRECTOR, as of 7/1/17 0.10 X 0 0 0 Dr Wayne J Riley diRECTOR, as of 7/1/17 0.10 37.40 X 0 0 0 Dr Judith F LaRosa diRECTOR, as of 7/1/17 0.10 37.40 X 0 0 0 Judith W Dorsey diRECTOR, as of 7/1/17 0.10 37.40 X 0 0 0 Mufutau Sadiku Controller, as of 1/1/17 37.50 X 0 0 0 Bernard Ellison AVP/Controller of Finance 37.50 X 167942 0 14107 Alan Dzija former director 0.00 37.50 X 0 118500 21262 Ian L Taylor former director 0.00 37.50 X 0 238454 48377 167942 2889249 411783 1 1 1 0 Axiosxchange LLC 33 Pier 7 Charleston MA 02129 consulting services 509500 Venable llp 1270 Avenue of the Americas 24th f new york NY 10020 legal services 244293 2 2583093 2583093 staffing service 561330 4948417 4948417 4948417 1502050 1502050 865913 452713 413200 413200 413200 17601414 13232534 4368880 4368880 4368880 Parking lot fees 812930 198930 198930 other income 900099 186877 186877 385807 14201447 4948417 0 6669937 116509 116509 2732527 2732527 145024 145024 684981 684981 219850 219850 876415 876415 96000 96000 98493 98493 711964 711964 6472 6472 6800 6800 294063 247735 46328 10580 10580 29916 18094 11822 70896 70896 38925 38925 432892 353778 79114 FACULTY & STUDENT PARKI 707704 707704 other direct expense 563524 563524 ACADEMIC PROGRAM SUPPOR 493473 493473 purchased services 382801 382801 498452 26049 472403 9218261 6924215 2294046 0 2320355 766662 6326368 10461383 4629928 5000191 660387 569554 336498 152352 46407650 11542940 35992920 34864710 63573121 64008355 23235604 25605863 805955 802171 835144 7860219 138716280 150091460 937594 789387 6256580 7032740 8392992 8227220 1862796 1526346 17449962 17575693 X 64055601 70806187 35718184 37832593 21492533 23876987 121266318 132515767 138716280 150091460 X 4983186 5498066 768197 X 0 0 0 X 5204795 14663768 3007262 1617381 2583093 27076299 5204795 14663768 3007262 1617381 2583093 27076299 727530 26348769 3479031 3545478 3960937 2875323 2367963 16228732 179291 168310 195940 196952 385807 1126300 44431331 327420961 0.59300 0.56140 X Schedule A, Part II, Line 10, Explanation of Other Income: parking lot fees - 2012 Amount: $ 179,291. 2013 Amount: $ 168,310. 2014 Amount: $ 195,940. 2015 Amount: $ 190,682. 2016 Amount: $ 198,930. miscellaneous fees - 2015 Amount: $ 6,270. 2016 Amount: $ 186,877. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 98493 98493 0 Part II-B, Line 1: The organization obtained services of a consultant on behalf of Suny Downstate Medical Center to serve as a registered lobbyist in accordance with New York State Lobby Act. The total lobbying expense incurred for the fiscal year ended 7/31/2017 was $98,493. 0 1 X 19103096 2566000 2001178 2496869 163432 21009973 16640401 1400946 2534107 1359945 112413 19103096 16527397 4645924 1653600 6060000 126520 16640401 14172078 5730078 2645193 6004045 15907 16527397 12935839 1000000 3683694 3428327 19128 14172078 1.00000 0 0 3937317 3937317 41654822 11007803 30647019 322840 121620 201220 492671 413517 79154 34864710 Beneficial Interest in Perpetual Trusts 13039810 F ALTERNATIVE INVESTMENTS 12566053 F 25605863 deferred financing costs, net 292771 DUE FROM DOWNSTATE TECHNOLOGY CENTER 534708 Cash Designated for CAO activity 7032740 7860219 Annuity Obligations 39318 Funding advances payable 1487028 1526346 Part IV, Line 2b: The Foundation holds funds to be used by SUNY DMC's Chief Administrative Office ("CAO") in accordance with the CAO Fund Requirements mandated by SUNY. Part V, Line 4: The endowment fund was set up to provide scholarships, fellowships, awards, and research professorships. The organization awards various students, and professors money to complete or further their studies. In addition, the endowment fund provides support to the University hospital in order for it to meet its mission. Central America and the caribbean 0 0 investments 7021224 0 0 0 0 0 0 7021224 0 7021224 0 0 1 0 0 0 Part IV, line 3 During the fiscal year end 7/31/2017, the organization did not meet the required ownership percentage required to File Form 5471. 1 Scholarships, internships, fellowships, and awards to help students further 134 116509 Part I, Line 2: In order to monitor the use of scholarships and fellowships, the organization requires every eligible person to fill out and submit an application. The organization then reviews the submitted application, and determines which applicants will be receiving the scholarship or fellowships. For an applicant to receive a fellowship award, they must submit a form signed by their sponsor. Once the organization receives that form, the applicant will receive the first half of the stipend awarded to them. In order to receive the second half of their stipend, they will need to submit a progress report to the Alumni Office within 2 months after the completion of their project. The scholarships are awarded to eligible, current students of the College of Medicine. The money may be used for tuition, room and board or any other educational expenses. 0 0 0 0 0 0 0 0 0 astra Bain-Dowell PresideNT, THRU mAR. 2017 0 460854 0 0 0 0 0 21200 0 29246 0 511300 0 0 Michael Lucchesi Vice President and Chair 0 249205 0 0 0 0 0 0 0 20141 0 269346 0 0 JOHN f WILLIAMS JR MD VICE PRESIDENT, THRU SEP. 2016 0 270379 0 0 0 0 0 20400 0 14374 0 305153 0 0 Melanie Gehen treasurer, THRU mAR. 2017 0 401629 0 0 0 0 0 21200 0 21893 0 444722 0 0 Alan Jeffrey Rosen assT treasurer & direCTOR 0 169105 0 0 0 0 0 11393 0 6865 0 187363 0 0 franci scharf secRETARY & director 0 155218 0 0 0 0 0 19879 0 13312 0 188409 0 0 joanne Bradley diRECTOR 0 307312 0 0 0 0 0 38505 0 6571 0 352388 0 0 mark stewart diRECTOR 0 269388 0 0 0 0 0 29663 0 7820 0 306871 0 0 frank e lucente director 0 249205 0 0 0 0 0 37755 0 7820 0 294780 0 0 Bernard Ellison AVP/Controller of Finance 167942 0 0 0 0 0 14107 0 0 0 182049 0 0 0 Alan Dzija former director 0 118500 0 0 0 0 0 20400 0 862 0 139762 0 0 Ian L Taylor former director 0 235248 0 0 0 3206 0 28236 0 20141 0 286831 0 0 Part I, Line 3 Compensation for the officers listed on part VII is determined by Suny Health Science Center of Brooklyn (Downstate Medical Center), which follows New York State Policy. Form 990, Part VI, Section A, line 4 Three changes were made to the by-laws: 1. the corporation shall have no members. 2. the number of directors constituting the entire board shall not be less than five. 3. corporate purposes amended to allow the foundation to provide services to other state university health care facilities. Form 990, Part VI, Section B, line 11b The Health Science Center at Brooklyn Foundation has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the Form 990 has been prepared, it is reviewed by the board treasurer before it is filed with IRS. Subsequently, the filed Form 990 copy is distributed to the entire board of the organization after filed with IRS. Form 990, Part VI, Section B, line 12c The conflict of interest policy applies to directors and officers of the organization. A COPY OF THE POLICY IS SENT TO THE BOARD/OFFICERS ANNUALLY, REQUESTING AFFIRMATION OF COMPLIANCE WITH THE POLICY VIA SIGNATURE ON POLICY STATEMENT/REQUEST FOR DISCLOSURE OF ANY REAL OR POTENTIAL CONFLICTS. If a conflict of interest exists, the director or officer may not participate in any vote on any matter relating to the conflict of interest. The minutes of the Board shall reflect the actions of the Board of Directors and the affected director or officer. Form 990, Part VI, Section C, line 19 The Exempt Organization's form 990 is available for public inspection as required under section 6104 of the Internal Revenue Code on guidestar.org and other similar types of websites. In addition, Form 990 as well as the financial statements, and conflict of interest policy are available upon written request at 450 Clarkson Ave, Box 1219, Brooklyn, NY 11203 or by calling the organization directly at (718)270-3148. Form 990, Part XI, line 9: increase in value of beneficial interst in perpetual trusts 768,197. staffco of brooklyn llc 450 clarkson ave 1280 brooklyn NY 11203 112418771 provide professional and non-professional staffing NY 4948417 2082350 the health science center at brooklyn foundation suny health science center at brooklyn dba suny downstate medical center 450 CLARKSON AVENUE brooklyn NY 11203 146013200 four-year college NY 501(c)(3) Line 2 N/A 0 FACULTY STUDENT ASSOCIATION OF Downstate Medical Center Inc 450 CLARKSON AVENUE box 1219 brooklyn NY 11203 111704590 provides educationally related auxiliary services to suny downstate NY 501(c)(3) Line 10 suny health science center at brooklyn dba suny downstate medical center 0 university physicians of brooklyn inc 450 CLARKSON AVENUE MSC 80 brooklyn NY 11203 113190652 to PROVIDE MEDICAL CARE AND SUPPORT SUNY HEALTH SCIENCE CENTER NY 501(c)(3) Line 10 suny health science center at brooklyn dba suny downstate medical center 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0