THE HEALTH SCIENCE CENTER AT: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE HEALTH SCIENCE CENTER AT (EIN 11-2418771)
- Tax period
- 2010-08-01 to 2011-07-31
- Filed
- 2012-06-15
- IRS object ID
- 201201679349300860
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-06-15T14:10:45-05:00 | Timestamp |
| Tax Period End Date | 2011-07-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | O'CONNOR DAVIES MUNNS & DOBBINS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MAMARONECK AVENUE | AddressLine1 |
| City | HARRISON | City |
| State | NY | State |
| ZIP Code | 105281633 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-08-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 112418771 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE HEALTH SCIENCE CENTER AT BROOKLYN | BusinessNameLine1 |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | HEAL | NameControl |
| Phone | 7182703148 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 CLARKSON AVENUE | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 11203 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FRANCI SCHARF | Name |
| Title | SECRETARY | Title |
| Phone | 7182703148 | Phone |
| Date Signed | 2012-06-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GARRETT HIGGINS | Name |
| Phone | 9143818900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | IVAN LISNITZER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 CLARKSON AVENUE | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 11203 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 68826178 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.DOWNSTATE.EDU/FINANCE/HSCB_FOUNDATION.HTML | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1976 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 1 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 15 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3612078 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 35357842 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2568584 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 30449953 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2191094 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1904693 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 98003 | OtherRevenuePriorYear |
| Other Revenue Current Year | -1048786 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 8469759 | TotalRevenuePriorYear |
| Total Revenue Current Year | 66663702 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 243697 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 210575 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 26934620 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 6784411 | OtherExpensePriorYear |
| Other Expenses Current Year | 13433588 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 7028108 | TotalExpensesPriorYear |
| Total Expenses Current Year | 40578783 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1441651 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 26084919 | RevenuesLessExpensesCY |
| Total Assets BOY | 111332502 | TotalAssetsBOY |
| Total Assets EOY | 179641811 | TotalAssetsEOY |
| Total Liabilities BOY | 21494968 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 53879774 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 89837534 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 125762037 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5714144 | Expense |
| Revenue | 2097209 | Revenue |
| Description | 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; CARIBBEAN-AMERICAN CHAMBER OF COMMERCE; BROOKLYN ENDOVASCULAR TRAINING; GENERAL SUPPORT FOR COMMUNITY SUPPORT; INFANT AND CHILD LEARNING CENTER; THE ARTHUR ASHE INSTITUTE; LIPID AND VASCULAR BIOLOGY AND MANY MORE PROGRAMS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 248786 | Expense |
| Description | 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 MEDICAL FACULTY. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 28352744 | Expense |
| Revenue | 28352744 | Revenue |
| Description | 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. THE ORGANIZATION BEGAN OPERATIONS AT THE END OF MAY 2011. STAFFCO IS A STAFF LEASING COMPANY THAT PROVIDED PAYROLL AND FRINGE BENEFIT SERVICES TO ABOUT 1,950 EMPLOYEES OF THE LONG ISLAND COLLEGE HOSPITAL ("LICH"), AN ENTITY OWNED BY SUNY DOWNSTATE MEDICAL CENTER. | Description |
Activity Other ActivityOther (2 entries)
| ExpenseExpense | DescriptionDescription | GrantsGrants |
|---|---|---|
| 193576 | THE HSCB FOUNDATION SUPPORTS THE RECRUITMENT OF ADMINISTRATIVE POSITIONS AT DOWNSTATE MEDICAL CENTER AND DEPARTMENT CHAIRS IN THE COLLEGE OF MEDICINE. IN ADDITION, CONSULTING SERVICES INCLUDE PUBLIC RELATIONS, ADVICE ON FUND-RAISING STUDENT PSYCHOLOGICAL EVALUATIONS 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. | |
| 210575 | THE FOUNDATION SUPPORTS SCHOLARSHIPS, HONORARIUMS AND FELLOWSHIPS IN ACCORDANCE WITH THE REQUIREMENTS OF DONATIONS RECEIVED FOR THE PURPOSE. THE ENDOWMENT FUND THE FOUNDATION HAS HELPS TO SUPPORT THESE SCHOLARSHIPS AND FELLOWSHIPS. THE SCHOLARHIPS 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. | 210575 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 404151 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 210575 | TotalOfOtherProgramServiceGrnt |
| Total Program Service Expense | 34719825 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 88 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 1 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SHEILA DUFFY | NamePerson |
| Telephone Number | 7182703148 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 CLARKSON AVENUE | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 11203 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (7 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| IVAN M LISNITZER | ||||||
| PRESIDENT & DIRECTOR | 4.50 | X | X | 0 | 331143 | 6960 |
| DR JOHN C LAROSA | ||||||
| VICE PRESIDENT & DIRECTOR | 1.00 | X | X | 0 | 382154 | 37259 |
| PAUL DAVIS | ||||||
| TREASURER & DIRECTOR | 5.00 | X | X | 0 | 312529 | 19900 |
| IAN L TAYLOR MD | ||||||
| DIRECTOR | 0.30 | X | 0 | 539866 | 26560 | |
| JOAN BARTOLOMEO | ||||||
| DIRECTOR | 0.10 | X | 0 | 0 | 0 | |
| FRANCI SCHARF | ||||||
| SECRETARY & DIRECTOR | 10.00 | X | X | 0 | 147538 | 25437 |
| ALAN JEFFREY ROSEN | ||||||
| ASST. TREASURER | 1.00 | X | 0 | 136920 | 17437 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 1850150 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 133553 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ALVAREZ & MARSAL HEALTHCARE INDUSTRY | |||||
| 600 LEXINGTON AVE 6TH FL | NEW YORK | NY | 10022 | HEALTHCARE CONSULTANT | 2154869 |
| DELOITTE CONSULTING LLP | |||||
| PO BOX 7247-6447 | PHILADELPHIA | PA | 191706447 | CONSULTING SERVICES | 489548 |
| CLIFTON BUDD & DEMARIA LLP | |||||
| 420 LEXINGTON AVENUE | NEW YORK | NY | 10170 | LABOR/EMPLOYMENT CONSULTANT | 432938 |
| CCG METAMEDIA INC | |||||
| 625 AVENUE OF THE AMERICAS | NEW YORK | NY | 10011 | CONSULTING SERVICES | 201366 |
| ANNIE MARKS | |||||
| 340 WEST 55TH STREET 3C | NEW YORK | NY | 10019 | CONSULTING SERVICES | 167757 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| Government Grants | 23754503 | GovernmentGrants |
| All Other Contributions | 11603339 | AllOtherContributions |
| Noncash Contributions | 996056 | NoncashContributions |
| Total Contributions | 35357842 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| STAFFING SERVICES | 900099 | 28352744 | 28352744 |
| CLINICAL PRACTICE PROG | 900099 | 2097209 | 2097209 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 30449953 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1904693 | TotalRevenueColumn |
| Exclusion | $1,904,693 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 933035 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2162476 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -1229441 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1229441 | TotalRevenueColumn |
| Exclusion | -$1,229,441 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PARKING LOT FEES | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 180655 | TotalRevenueColumn |
| Exclusion | $180,655 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 180655 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 66663702 | TotalRevenueColumn |
| Related Or Exempt Function Income | 30449953 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $855,907 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 210575 | Total |
| Program Services | 210575 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19658482 | Total |
| Program Services | 19658482 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1396401 | Total |
| Program Services | 1396401 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3613363 | Total |
| Program Services | 3613363 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2266374 | Total |
| Program Services | 2266374 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 409504 | Total |
| Management And General | 409504 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38150 | Total |
| Management And General | 38150 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2931040 | Total |
| Program Services | 2423992 | ProgramServices |
| Management And General | 507048 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 82765 | Total |
| Program Services | 26482 | ProgramServices |
| Management And General | 56283 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 136660 | Total |
| Program Services | 132615 | ProgramServices |
| Management And General | 4045 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 228412 | Total |
| Program Services | 228412 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 328808 | Total |
| Program Services | 328808 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1683 | Total |
| Program Services | 1683 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 393678 | Total |
| Program Services | 239588 | ProgramServices |
| Management And General | 154090 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices |
|---|---|---|---|
| GENERAL ADMINISTRATION | 4413696 | 4413696 | |
| BABBOTT FUND | 2438215 | 2438215 | |
| ACADEMIC PROGRAM SUPPOR | 1264814 | 1264814 | |
| DISTINGUISHED CHAIR | 220000 | 220000 | |
| FACULTY & STUDENT PARKI | 186361 | 186361 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 359802 | Total |
| Program Services | 303660 | ProgramServices |
| Management And General | 56142 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40578783 | Total |
| Program Services | 34719825 | ProgramServices |
| Management And General | 5858958 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1583446 | BOY |
| EOY | 33993099 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2574742 | BOY |
| EOY | 10535752 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2537980 | BOY |
| EOY | 5122829 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1614554 | BOY |
| EOY | 20248256 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1133535 | BOY |
| EOY | 1879430 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1381597 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 39454991 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 5413722 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35096033 | BOY |
| EOY | 34041269 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49883750 | BOY |
| EOY | 55644618 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14576967 | BOY |
| EOY | 14278446 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 926611 | BOY |
| EOY | 1047111 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1404884 | BOY |
| EOY | 1469404 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 111332502 | BOY |
| EOY | 179641811 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 795766 | BOY |
| EOY | 19544972 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7510 | BOY |
| EOY | 7605 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17875655 | BOY |
| EOY | 17742198 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2816037 | BOY |
| EOY | 16584999 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21494968 | BOY |
| EOY | 53879774 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62545677 | BOY |
| EOY | 91337668 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10052294 | BOY |
| EOY | 10779983 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17239563 | BOY |
| EOY | 23644386 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89837534 | BOY |
| EOY | 125762037 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 111332502 | BOY |
| EOY | 179641811 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 26084919 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 9839584 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2453785 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1735721 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 38471971 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3612078 | CurrentTaxYearMinus1Year |
| Current Tax Year | 35357842 | CurrentTaxYear |
| Total | 81631397 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2453785 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1735721 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 38471971 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3612078 | CurrentTaxYearMinus1Year |
| Current Tax Year | 35357842 | CurrentTaxYear |
| Total | 81631397 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 81631397 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1402523 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1315892 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2134325 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2856487 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2837728 | CurrentTaxYear |
| Total | 10546955 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 391286 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 205558 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 194475 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 187575 | CurrentTaxYearMinus1Year |
| Current Tax Year | 180655 | CurrentTaxYear |
| Total | 1159549 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 93337901 | TotalSupport |
| Gross Receipts From Admissions Etc | 39880695 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.87460 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.83500 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING LOT FEES | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 13654470 | BeginningOfYearBalance |
| End Of Year Balance | 13654470 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 11969565 | BeginningOfYearBalance |
| Contributions | 812985 | Contributions |
| Investment Earnings Or Losses | 875199 | InvestmentEarningsOrLosses |
| Administrative Expenses | 3279 | AdministrativeExpenses |
| End Of Year Balance | 13654470 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 13500901 | BeginningOfYearBalance |
| Contributions | 588594 | Contributions |
| Investment Earnings Or Losses | -2043160 | InvestmentEarningsOrLosses |
| Administrative Expenses | 76770 | AdministrativeExpenses |
| End Of Year Balance | 11969565 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6312318 | OtherCostOrOtherBasis |
| Book Value | 6312318 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 32654432 | OtherCostOrOtherBasis |
| Depreciation | 5024871 | Depreciation |
| Book Value | 27629561 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 61207 | OtherCostOrOtherBasis |
| Depreciation | 61207 | Depreciation |
| Book Value | 0 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 427034 | OtherCostOrOtherBasis |
| Depreciation | 327644 | Depreciation |
| Book Value | 99390 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 34041269 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| BENEFICIAL INTEREST IN PERPETUAL TRUST | 9243904 | F |
| ALTERNATIVE INVESTMENTS | 5034542 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 14278446 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ANNUITY OBLIGATIONS | $77,319 |
| DUE TO RESEARCH FOUNDATION | $307,680 |
| FUNDING ADVANCES PAYABLE | $16,200,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 16584999 | TotalOfAmounts |
| Total Revenue | 66663702 | TotalRevenue |
| Total Expenses | 40578783 | TotalExpenses |
| Excess Or Deficit For Year | 26084919 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 8957837 | NetUnrealizedGLOnInvestments |
| Other | $881,747 | OtherAmount |
| Total Adjustments | 9839584 | TotalAdjustments |
| Excess Or Deficit Per FS | 35924503 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 77784015 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 8957837 | NetUnrealizedGainsInvestments |
| Other Revenues | 2162476 | OtherRevenues |
| Revenue Not Rptd F990 | 11120313 | RevenueNotRptdF990 |
| Revenue Subtotal | 66663702 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 66663702 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 42741259 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 2162476 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2162476 | ExpensesNotRptdF990 |
| Expenses Subtotal | 40578783 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 40578783 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | 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. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE FOUNDATION AND STAFFCO. RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION AND STAFFCO. HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION AND STAFFCO. ARE NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JULY 31, 2008. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF BENEFICIAL INTERST IN PERPETUAL TRUSTS 815,239. ACTUARIAL GAIN ON ANNUITY OBLIGATIONS 66,508. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES ALLOCATED AGAINST REVENUE 2,162,476. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES ALLOCATED AGAINST REVENUE 2,162,476. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | Region |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConducted |
| Total Expenditures | 5034542 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 5034542 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 5034542 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| SCHOLARSHIPS, INTERNSHIPS, FELLOWSHIPS, AND AWARDS TO HELP STUDENTS FURTHER THEIR EDUCATION. | 75 | 168075 |
| HONORARIUMS | 45 | 42500 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IVAN M LISNITZER | |||||||||||||
| 0 | 331143 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6960 | 0 | 338103 | 0 | 0 |
| DR JOHN C LAROSA | |||||||||||||
| 0 | 382154 | 0 | 0 | 0 | 0 | 0 | 30991 | 0 | 6268 | 0 | 419413 | 0 | 0 |
| PAUL DAVIS | |||||||||||||
| 0 | 312529 | 0 | 0 | 0 | 0 | 0 | 19600 | 0 | 300 | 0 | 332429 | 0 | 0 |
| IAN L TAYLOR MD | |||||||||||||
| 0 | 539866 | 0 | 0 | 0 | 0 | 0 | 19600 | 0 | 6960 | 0 | 566426 | 0 | 0 |
| FRANCI SCHARF | |||||||||||||
| 0 | 147538 | 0 | 0 | 0 | 0 | 0 | 19041 | 0 | 6396 | 0 | 172975 | 0 | 0 |
| ALAN JEFFREY ROSEN | |||||||||||||
| 0 | 136920 | 0 | 0 | 0 | 0 | 0 | 11169 | 0 | 6268 | 0 | 154357 | 0 | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 996056 | NoncashContribsRptdF990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | IN JANUARY 2011, THE FOUNDATION ESTABLISHED STAFFCO OF BROOKLYN, LLC. THIS ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING NON-PHYSICIAN EMPLOYEES TO THE LONG ISLAND COLLEGE HOSPITAL (LICH) SITE OF SUNY HEALTH SCIENCE CENTER AT BROOKLYN UNIVERSITY HOSPITAL. THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION ("HSCB") IS THE SOLE MEMBER OF STAFFCO OF BROOKLYN, LLC. |
| FORM 990, PART VI, SECTION B, LINE 11 | 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, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PRESENTED TO BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR OR OFFICER OF THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION, INC. HAS A FIDUCIARY OBLIGATION TO ACT IN THE BEST INTERESTS OF THE FOUNDATION. ANNUALLY, THE DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE A "CONFLICT OF INTEREST" COMPLIANCE FORM, WHICH DISCLOSES ANY POTENTIAL OR ACTUAL CONFLICTS. A DIRECTOR OR OFFICER MAY NOT PARTICIPATE IN ANY VOTE ON ANY MATTER RELATING TO CURRENT OR PROPOSED FOUNDATION BUSINESS WITH ANY INDIVIDUAL OR ENTITY WITH WHICH THE DIRECTOR OR OFFICER HAS A DIRECT OR INDIRECT PERSONAL OR FINANCIAL INTEREST THAT MAY CONFLICT WITH THE PROPER DISCHARGE OF THE MEMBER'S BOARD DUTIES. AN INDIRECT PERSONAL OR FINANCIAL INTEREST INCLUDES ANY TRANSACTION WHEREBY FAMILY MEMBERS MAY ACQUIRE A FINANCIAL BENEFIT. ANY DIRECTOR OR OFFICER WHO HAS A DIRECT OR INDIRECT PERSONAL OR FINANCIAL INTEREST THAT COULD CREATE A CONFLICT OF INTEREST WITH ANY FOUNDATION AGREEMENT, TRANSACTION OR RELATIONSHIP, SHALL DISCLOSE ANY RELEVANT FACTS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER THE FACTS, AS DISCLOSED BY THE DIRECTOR OR OFFICER, CONSTITUTE A CONFLICT OF INTEREST. IF THE BOARD DETERMINES THAT A CONFLICT EXITS, THE AFFECTED DIRECTOR OR OFFICER SHALL ABSTAIN FROM VOTING ON THE MATTER. THE AFFECTED DIRECTOR OR OFFICER MAY PARTICIPATE IN DISCUSSIONS ON THE MATTER IN QUESTION ONLY IF HE OR SHE IS ASKED FOR INFORMATION BY A MAJORITY OF THE REMAINING BOARD MEMBERS. THE AFFECTED DIRECTOR OR OFFICER MUST WITHDRAW FROM THE MEETING CONCERNING THE MATTER IN QUESTION IF REQUESTED BY THE REMAINING BOARD MEMBERS. IN THE EVENT THAT THE CONFLICT INVOLVES A VENDOR FOR GOODS OR SERVICES, THE AFFECTED DIRECTOR OR OFFICER SHALL NOT PARTICIPATE IN THE ADMINISTRATION OF THE TRANSACTION. THE MINUTES OF THE BOARD SHALL REFLECT THE ACTIONS OF THE BOARD OF DIRECTOR AND THE AFFECTED DIRECTOR OR OFFICER. SUCH MINUTES SHALL INCLUDE ALL DISCLOSURES OF ACTUAL AND POTENTIAL CONFLICTS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE EXEMPT ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT 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 VII, SECTION A | THE FOLLOWING BOARD MEMBER, PAUL DAVIS ALSO SPENT TIME SERVING ON THE BOARD OF A RELATED ENTITY, FACULTY STUDENT ASSOCIATION OF DOWNSTATE MEDICAL CENTER, INC. HE SPENT ON AVERAGE OF 1 - 2 HOURS PER WEEK WORKING FOR THE RELATED ENTITY. THE FOLLOWING BOARD MEMBERS AND OFFICERS ARE EMPLOYEES OF THE RELATED ENTITY, SUNY HEALTH SCIENCE CENTER AT BROOKLYN D/B/A SUNY DOWNSTATE MEDICAL CENTER. - IVAN M. LISNITZER, 35 HOURS PER WEEK - DR. JOHN C. LAROSA, 35 HOURS PER WEEK - PAUL DAVIS, 35 HOURS PER WEEK - IAN L. TAYLOR, M.D., 35 HOURS PER WEEK - FRANCI SCHARF, 35 HOURS PER WEEK - ALAN JEFFREY ROSEN, 35 HOURS PER WEEK | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 8,957,837. CHANGE IN VALUE OF BENEFICIAL INTERST IN PERPETUAL TRUSTS 815,239. ACTUARIAL GAIN ON ANNUITY OBLIGATIONS 66,508. TOTAL TO FORM 990, PART XI, LINE 5: 9,839,584. |
| FORM 990, PART XII, LINE 2C | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STAFFCO OF BROOKLYN LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 CLARKSON AVE 1280 | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 112032012 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | PROVIDE PROFESSIONAL AND NON-PROFESSIONAL STAFFING | PrimaryActivities |
| Legal Domicile State | NY | LegalDomicileState |
| Total Income | 28352744 | TotalIncome |
| EOY Assets | 35437244 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION INC | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SUNY HEALTH SCIENCE CENTER AT BROOKLYN DBA SUNY DOWNSTATE MEDICAL CENTER | |||||||||||
| 450 CLARKSON AVENUE | BROOKLYN | NY | 11203 | 146013200 | FOUR-YEAR COLLEGE | NY | N/A | N/A | 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 | 9 | 0 | SUNY HEALTH SCIENCE CENTER AT BROOKLYN DBA SUNY DOWNSTATE MEDICAL CENTER | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |