NewYork-Presbyterian Fund, Inc.

Legal name: New York-presbyterian Fund Inc

Nonprofit profile at a glance

EIN
133160356
IRS 990 coverage
2016–2024
Official website data refreshed
Jul 2026
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2021
Location
New York, NY, USA
Phone
2122974255
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution
Affiliation
Christianity

Official website

Reported finances

Revenue
$334,790,100
Expenses
$304,944,344
Assets
$4,099,085,745
Liabilities
$114,188,325

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

108 people listed

Executive titles in this filing

  • MICHAEL P BRESLIN (PRESIDENT)

Highest reported compensation

  • STEVEN J CORWIN (DIRECTOR): $26,271,976 total reported compensation
  • MICHAEL P BRESLIN (PRESIDENT): $3,273,376 total reported compensation
  • ANNE DINNEEN (SVP- CHIEF INVESTMENT OFFICER): $2,854,650 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mission is to provide excellent health care services in a compassionate and humane manner to the people who live and work in Brooklyn and its surrounding areas. NewYork-Presbyterian Brooklyn Methodist Hospital is affiliated with Weill Cornell Medicine — an ivy league medical school that is among the nation's best in patient care, medical education, and research. NewYork-Presbyterian Lower Manhattan Hospital.

What it reported doing in 2024

New York-presbyterian fund inc. Is organized to solicit, receive, administer funds and provide malpractice insurance to be applied exclusively for charitable, educational and scientific purposes, primarily for the benefit of 501(c)(3) health care related charitable organizations.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 46% for direct work, and 54% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 64
  • Accountability: 88
  • Sustainability: 79
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.8%; rating input score 80
  • Program expense ratio: 87.3%; rating input score 87
  • Fundraising efficiency: $5.96 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 94.8%; rating input score 95; 47th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.9%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 13.44; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 1.2%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 5.9% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: -2.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 5.5% per year; rating input score 100; 40th percentile among comparable filings

Details

  • What they do: 6 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 79.8% of revenue deployed · 87.3% of spending went to programs
  • Governance: 91 of 96 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $266.2M in reported program spending
  • Leadership: top reported pay $26.3M · 108 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.5M reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 65 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 26/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.