Overview
What is New York Weill Cornell Medical Center Fund Inc?
New York Weill Cornell Medical Center Fund Inc is a charitable organization situated in New York City, specifically at 575 Lexington Avenue, 9th Floor. Its primary role involves soliciting, receiving, and managing donations for the benefit of the NewYork-Presbyterian Hospital and Weill Medical College of Cornell University. This support contributes to the joint educational, scientific, and philanthropic objectives of these esteemed institutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
New York Weill Cornell Medical Center Fund Inc has received an 86% rating from Charity Navigator, indicating a solid performance in accountability and finance. This rating is derived entirely from their Accountability & Finance score, which reflects the organization's commitment to financial transparency and responsible management of resources.
One of the strengths of the organization is its governance structure, featuring a fully independent board with a good number of members overseeing operations. Their financial practices are also commendable, as evidenced by a low liabilities to assets ratio of 0.03%, which suggests strong financial health. Additionally, the organization allocates approximately 92.38% of its expenses directly to programs, indicating a focus on fulfilling its mission.
However, while the rating is strong, it is important for potential donors to consider that the score is based solely on financial metrics and does not encompass other factors such as community impact or program effectiveness. Overall, New York Weill Cornell Medical Center Fund Inc demonstrates a strong financial foundation and governance, making it a reliable choice for donors seeking to support a nonprofit in the healthcare sector.
This AI summary has been generated from information found on Charity Navigator.
Is New York Weill Cornell Medical Center Fund Inc legitimate?
New York Weill Cornell Medical Center Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Weill Cornell Medical Center Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of New York Weill Cornell Medical Center Fund Inc?
The New York Weill Cornell Medical Center Fund Inc is dedicated to gathering, managing, and distributing charitable contributions for the sole educational, scientific, and altruistic purposes of the Society of the New York Presbyterian Hospital and Weill Medical College of Cornell University. In essence, it serves as a crucial intermediary in securing financial support for these esteemed institutions. By doing so, it contributes significantly to the ongoing research, education, and healthcare initiatives at Weill Medical College of Cornell University.
Who is the CEO of New York Weill Cornell Medical Center Fund Inc?
Joseph Schwartz is the President of New York Weill Cornell Medical Center Fund Inc.
What is the revenue of New York Weill Cornell Medical Center Fund Inc?
New York Weill Cornell Medical Center Fund Inc's revenue in 2022 was $20,911,565.
Who are the executives of New York Weill Cornell Medical Center Fund Inc and what are their salaries?
There 4 volunteers at New York Weill Cornell Medical Center Fund Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $1,403,820
- Other: $94,464
- Compensation: $0
- Related: $434,265
- Other: $67,606
- Compensation: $0
- Related: $310,869
- Other: $61,998
- Compensation: $0
- Related: $180,134
- Other: $32,096
- Compensation: $0
- Related: $628,480
- Other: $78,685
Where can I find the form 990 for New York Weill Cornell Medical Center Fund Inc?
New York Weill Cornell Medical Center Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New York Weill Cornell Medical Center Fund Inc
New York Weill Cornell Medical Center Fund Inc is a charitable organization dedicated to raising, managing, and distributing funds for the mutual educational, scientific, and charitable purposes of the Society of the New York Presbyterian Hospital and Weill Medical College of Cornell University. In simple terms, the organization serves as a bridge, connecting generous donors with these renowned institutions to support their shared mission of advancing medical knowledge and providing quality healthcare.
By soliciting, receiving, and administering charitable contributions, New York Weill Cornell Medical Center Fund Inc plays a crucial role in securing essential resources for the Society of the New York Presbyterian Hospital and Weill Medical College of Cornell University. These gifts and related investment income enable the institutions to pursue groundbreaking research, expand educational programs, and enhance their overall impact on the healthcare world. The organization's commitment to securing funding ensures that these institutions have the necessary resources to continue making strides in medical science and patient care.
In essence, New York Weill Cornell Medical Center Fund Inc acts as a catalyst, fueling the joint mission of the Society of the New York Presbyterian Hospital and Weill Medical College of Cornell University through philanthropic giving. The organization's unwavering dedication to this cause is instrumental in enabling these institutions to achieve their goals and ultimately improve the lives of countless individuals.
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Impact
October, 2024
New York Weill Cornell Medical Center Fund Inc plays a vital role in enhancing healthcare and education in the medical field. By soliciting, receiving, and administering gifts and contributions, it significantly supports the Society of the New York Presbyterian Hospital and Weill Medical College of Cornell University in their mission to deliver high-quality medical education, research, and patient care.
The organization focuses on obtaining and managing charitable contributions, enabling the advancement of scientific knowledge and the training of future healthcare professionals. Through its efforts, it fosters innovation, research breakthroughs, and educational opportunities, ultimately improving health outcomes for individuals and communities. By investing in cutting-edge medical research and training programs, it contributes to the overall advancement of the medical field, addressing critical health issues and enhancing the quality of care provided to patients.
This information is meant to be a general summary of New York Weill Cornell Medical Center Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $20,749,443
- Gross Receipts: $8,208,708
Assets and Liabilities:
- Total Assets: $237,549,829
- Total Liabilities: $72,318
- Net Assets: $237,477,511
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Organization Details
Founding Year
1956
Phone
(646) 962-3633Principal Officer
Joseph Schwartz
Main Address
575 LEXINGTON AVENUE 9TH FL, NEW YORK, NY, 10022
NTEE Category
Code: E120 - Health
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