2012-05-30T09:18:49-05:00 2010-07-31 O'CONNOR DAVIES MUNNS & DOBBINS LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2009-08-01 112418771 THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION Inc HEAL 7182703148 450 CLARKSON AVENUE BROOKLYN NY 11203 paul davis 7182703148 2012-05-30 1 Garrett Higgins 9143818900 2012-05-25 2009 2016-02-24 21:20:13Z X ivan lisnitzer 450 CLARKSON AVENUE BROOKLYN NY 11203 18833093 0 X www.downstate.edu/finance/hscb_foundation.html X 1954 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. 6 1 0 15 0 0 38471971 3612078 2082720 2568584 789107 2191094 245698 98003 41589496 8469759 205850 243697 0 0 0 0 4556633 6784411 4762483 7028108 36827013 1441651 93730590 111332502 10325686 21494968 83404904 89837534 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 5398572 2568584 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.In 2010, the organization provided support to upgrade/expand facilities to advance the institution's mission & continue educational goals of the center. A building located at 318-350 Clarkson Avenue was purchased for $9.5 million. 266783 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. 243697 243697 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. 184957 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. 184957 6094009 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 125 0 1 0 0 0 0 0 0 0 0 0 0 6 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NY X X SHEILA DUFFY 7182703148 450 Clarkson Avenue Brooklyn NY 11203 X IVAN M LISNITZER 4.50 X X 0 333598 6680 DR JOHN C LAROSA 1.00 X X 0 384365 27906 paul davis 5.00 X X 0 282594 19888 ian l tayor md 0.30 X 0 543497 26280 joAN BARTOLOMEO 0.10 X 0 0 0 franci scharf 10.00 X X 0 121673 21282 0 1665727 102036 0 0 1 0 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 audit consulting 489548 clifton budd & demaria llp 420 lexington avenue new YORK NY 10171 labor/employment consultant 432938 consulting services group inc 6075 poplar avenue memphis TN 38119 consulting services 171126 annie marks 340 west 55th street new YORK NY 10019 consulting services 167757 7 3612078 3612078 clinical practice prog 900099 2568584 2568584 2568584 1492876 1492876 1363611 1453183 -89572 -89572 -89572 9608369 8910151 698218 698218 698218 Parking lot fees 900099 187575 187575 187575 8469759 2568584 0 2289097 243697 243697 19055 19055 1842005 1842005 103425 26898 76527 123783 120807 2976 166502 166502 301898 301898 119068 119068 babbott fund 1770027 1770027 ACADEMIC PROGRAM SUPPOR 1138392 1138392 general administration 681942 681942 FACULTY & STUDENT PARKI 180035 180035 program expense 126638 126638 211641 177110 34531 7028108 6094009 934099 0 2647746 1583446 3235612 2574742 328358 2537980 849355 1614554 990750 1133535 39407093 4311060 26693044 35096033 43813621 49883750 13176772 14576967 855194 926611 1140138 1404884 93730590 111332502 290332 795766 7865 7510 9560082 17875655 467407 2816037 10325686 21494968 X 57032839 62545677 9303054 10052294 17069011 17239563 83404904 89837534 93730590 111332502 X 0 1 1 X 0 X 5288070 2453785 1735721 38471971 3612078 51561625 5288070 2453785 1735721 38471971 3612078 51561625 51561625 1296499 1402523 1315892 2134325 2856487 9005726 206353 391286 205558 194475 187575 1185247 61752598 13197970 0.83500 0.86700 X Schedule A, Part II, Line 10, Explanation of Other Income: parking lot fees RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11969565 812985 875199 3279 13654470 13500901 588594 -2043160 76770 11969565 1.00000 0 0 6312318 6312318 32640829 3937172 28703657 61207 61207 0 392739 312681 80058 35096033 Beneficial Interest in Perpetual Trust 8428665 F ALTERNATIVE INVESTMENTS 6148302 F 14576967 Annuity Obligations 143827 DUE TO RESEARCH FOUNDATION 307680 accrued interest 594503 due to suny downstate 1770027 2816037 8469759 7028108 1441651 4530698 460281 4990979 6432630 14453640 4530698 1453183 5983881 8469759 0 8469759 8481291 1453183 1453183 7028108 0 7028108 Part V, Line 4: Description of Intended Use of Endowment Funds: 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. Part X: Description of Uncertain Tax Positions Under FIN 48: The Foundation recognizes the effect of income tax positions only when they are more likely than not to be sustained. Management has determined that the Foundation has no uncertain tax positions that would require financial statement recognition or disclosure. The Foundation is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to July 31, 2007. Part XI, Line 8 - Other Adjustments: increase in value of beneficial interst in perpetual trusts: 451781. actuarial gain on annuity obligations: 8500. Part XII, Line 2d - Other Adjustments: rental expenses allocated against revenue: 1453183. Part XIII, Line 2d - Other Adjustments: rental expenses allocated against revenue: 1453183. 1 Scholarships, internships, fellowships, and awards to help students further their education. 23 193512 honorariums 52 50185 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: 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. 0 0 0 0 0 0 0 0 0 IVAN M LISNITZER 0 333598 0 0 0 0 0 0 0 6680 0 340278 0 0 DR JOHN C LAROSA 0 384365 0 0 0 0 0 22093 0 5813 0 412271 0 0 paul davis 0 282594 0 0 0 0 0 19600 0 288 0 302482 0 0 ian l tayor md 0 543497 0 0 0 0 0 19600 0 6680 0 569777 0 0 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 Once a year a list of vendors that provide services for HSCB Foundation is sent with a "Conflict of Interest Compliance" letter which each Director and Officer must sign, disclosing any family or business relationship, and if there is any relationship, an explanation must be included. The Board of Directors will determine if any of the information disclosed will result in a conflict. If the Board determines that a conflict exists, then that director/officer shall abstain from voting on the matter. 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 xi, 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. form 990, part vi, section b, line 13 The organization is aware of the need for a written whistleblower policy. As of year-end, there are guidelines in place, however the organization is currently developing a formal policy. amended form 990 WHEN THE ORIGINAL RETURN WAS FILED THE FINANCIAL INFORMATION HAD NOT BEEN AUDITED. SINCE FILING THE ORIGINAL RETURN, THERE HAS BEEN A COMPLETE AUDIT PERFORMED. THUS, ALL FINANCIAL INFORMATION FOR THE ORGANIZATION HAS CHANGED AND AN AMENDED RETURN HAS BEEN FILED. form 990, part vi, section b, line 14 The organization is aware of the need for a written document retention and destruction policy. As of year-end, there are guidelines in place, however the organization is currently developing a formal policy. 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 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 suny health science center at brooklyn dba suny downstate medical center 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0