Civic Intelligence

Ecmc Foundation Inc.

990 • Fiscal year 2016 • EIN 22-3283946

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 18, 2017

462 Grider Street G-1Buffalo, NY 14215

(716) 898-5800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.21x

Higher debt load relative to assets than 54% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

70th percentile

0.49x

Higher debt load relative to revenue than 70% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

76th percentile

14%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

37th percentile

-1.0%

Faster asset growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

90th percentile

53%

Faster revenue growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$5,160,952

Down $51,019 (-1.0%) from 2015

Net Assets

Up

$4,051,880

Up $331,449 (+8.9%) from 2015

Liabilities

Down

$1,109,072

Down $382,468 (-26%) from 2015

Revenue

Up

$2,255,392

Up $776,596 (+53%) from 2015

Expenses

Up

$1,935,987

Up $605,034 (+45%) from 2015

Net Income

Up

$319,405

Up $171,562 (+116%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $2,194,986Liabilities 2011: $658,504Net Assets 2011: $1,536,4822011Assets 2012: $4,335,513Liabilities 2012: $1,062,911Net Assets 2012: $3,272,6022012Assets 2013: $4,256,054Liabilities 2013: $1,021,305Net Assets 2013: $3,234,7492013Assets 2014: $4,600,217Liabilities 2014: $1,027,629Net Assets 2014: $3,572,5882014Assets 2015: $5,211,971Liabilities 2015: $1,491,540Net Assets 2015: $3,720,4312015Assets 2016: $5,160,952Liabilities 2016: $1,109,072Net Assets 2016: $4,051,8802016Assets 2017: $10,200,293Liabilities 2017: $1,098,137Net Assets 2017: $9,102,1562017Assets 2018: $12,696,349Liabilities 2018: $2,194,044Net Assets 2018: $10,502,3052018Assets 2019: $13,441,438Liabilities 2019: $6,463,126Net Assets 2019: $6,978,3122019Assets 2020: $10,392,574Liabilities 2020: $7,439,208Net Assets 2020: $2,953,3662020Assets 2021: $9,451,111Liabilities 2021: $5,878,334Net Assets 2021: $3,572,7772021Assets 2022: $7,708,916Liabilities 2022: $3,649,234Net Assets 2022: $4,059,6822022Assets 2023: $7,577,834Liabilities 2023: $1,910,818Net Assets 2023: $5,667,0162023Assets 2024: $7,491,196Liabilities 2024: $1,462,650Net Assets 2024: $6,028,5462024

Highlighted filing

2016

Assets$5,160,952
Liabilities$1,109,072
Net Assets$4,051,880

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $766,437Expenses 2011: $1,171,758Net Income 2011: -$405,3212011Revenue 2012: $2,567,065Expenses 2012: $830,945Net Income 2012: $1,736,1202012Revenue 2013: $1,289,784Expenses 2013: $1,327,637Net Income 2013: -$37,8532013Revenue 2014: $1,783,292Expenses 2014: $1,445,453Net Income 2014: $337,8392014Revenue 2015: $1,478,796Expenses 2015: $1,330,953Net Income 2015: $147,8432015Revenue 2016: $2,255,392Expenses 2016: $1,935,987Net Income 2016: $319,4052016Revenue 2017: $7,181,998Expenses 2017: $2,174,721Net Income 2017: $5,007,2772017Revenue 2018: $4,907,540Expenses 2018: $3,390,338Net Income 2018: $1,517,2022018Revenue 2019: $5,063,551Expenses 2019: $8,780,933Net Income 2019: -$3,717,3822019Revenue 2020: $4,451,234Expenses 2020: $8,287,301Net Income 2020: -$3,836,0672020Revenue 2021: $2,559,428Expenses 2021: $2,027,401Net Income 2021: $532,0272021Revenue 2022: $2,318,925Expenses 2022: $1,630,955Net Income 2022: $687,9702022Revenue 2023: $3,390,096Expenses 2023: $1,867,076Net Income 2023: $1,523,0202023Revenue 2024: $2,157,239Expenses 2024: $1,841,704Net Income 2024: $315,5352024

Highlighted filing

2016

Revenue$2,255,392
Expenses$1,935,987
Net Income$319,405
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 18, 2017
Return Version
2016v3.0
Gross Receipts
$3,273,267
Mission and Program Overview

Mission

To assist the erie county medical center corporation in procuring the resources needed to be the medical center of choice through excellence in patient care and customer service.

The mission of the ecmc foundation is to maximize funding for ecmc and its focus on trauma by engageing prospective and current donors through community outreach, partnerships, and relevant programming. In 2016, with our mission clearly in focus, the foundation began laying the groundwork for its most ambitious endeavor ever; a 55 million dollar capital campaign to help enable ecmc to relocate its existing trauma center and emergency department (tc/ed) into a newly-constructed ground floo facility. As the region's busiest emergency department, and only level adult trauma center serving the eight counties of western new york, it is imperative to expand to meet current and future demands for trauma and emergency care. In 2016, ecmc recorded nearly 70,000 visits to the emergency department - roughly double the number since the last time the ed space received a substantial renovation in the late 1990's. Accessed only just a ramp and helipad, which does not meet current accessibility code,

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,902,999$2,217,289▲ $314,290
Pledges and Grants Receivable$2,262,940$1,340,966▼ $921,974
Other Notes and Loans Receivable, Net$350,000$805,791▲ $455,791
Cash and Non-Interest-Bearing Accounts$244,838$447,496▲ $202,658
Land, Buildings, and Equipment, Net$318,468$268,750▼ $49,718
Prepaid Expenses and Deferred Charges$74,832$22,734▼ $52,098
Total Assets$5,211,971$5,160,952▼ $51,019
Other Assets Total$57,894$57,926▲ $32
Liabilities
Other Liabilities$667,014$678,356▲ $11,342
Escrow Account Liability$344,002$322,080▼ $21,922
Accounts Payable and Accrued Expenses$480,524$108,636▼ $371,888
Total Liabilities$1,491,540$1,109,072▼ $382,468
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,047,099$2,601,038▼ $446,061
Unrestricted Net Assets$623,332$1,400,842▲ $777,510
Permanently Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$3,720,431$4,051,880▲ $331,449
Total Liabilities and Net Assets / Fund Balance$5,211,971$5,160,952▼ $51,019

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$268,750$644,055$912,805

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$57,984-▲ $58-$57,926
2015$57,893-▲ $1-$57,894
2014$57,893---$57,893
2013$57,887-▲ $6-$57,893
2012$57,881-▲ $6-$57,887
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan M GonzalezExecutive DiFT$152,800$23,838$176,638
Thomas Quatroche JrDirector-$152,800$23,838$176,638
Angela VacantiDirector--$119,093$119,093
Garney Davis JrDirector--$82,926$82,926
John R FudymaDirector--$49,311$49,311
Revenue and Support

Revenue Composition

Contributions and Grants
$2,172,778
Program Service Revenue
$55,723
Investment Income
$26,891
Other Revenue
$0
All Other Contributions
$673,854
Change in Net Assets
$319,405

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table4$392,760Book Value
Total Noncash Contributions4$392,760-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,255,392
Revenue Not Reported on Form 990
$1,087,669
Total Revenue per Audited Statements
$3,343,061
Total Revenue per Form 990
$2,255,392
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$786,023
Salaries, Compensation, and Employee Benefits$711,623
Other Expenses$438,341
Total Fundraising Expense$70,417
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$786,023--$786,023
Other Salaries and Wages$296,457$98,819$16,470$411,746
Current Officers, Directors, Trustees, and Key Employees$141,310$17,664$17,664$176,638
Advertising$77,410$5,866$5,866$89,142
Office Expenses-$80,923-$80,923
Depreciation Depletion$78,571--$78,571
Pension Plan Contributions$58,509$13,857$4,619$76,985
Payroll Taxes$38,853$5,550$1,851$46,254
Insurance$7,842$7,841-$15,683
Fees for Services Accounting$6,862$6,863-$13,725
Other Expenses$47,824$10,274$2,568$12,842
Interest$11,342--$11,342
Conferences and Meetings-$7,943-$7,943
Fees for Services Other-$3,423-$3,423
All Other Expenses-$1,076-$1,076
Fees for Services Legal-$50-$50
Total Functional Expenses$1,551,003$314,567$70,417$1,935,987

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,011,612
Expenses per Audited Statements$1,935,987
Total Expenses per Form 990$1,935,987
Expenses Not Reported on Form 990$1,075,625
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Erie County Medical Center CorpBuffalo, NY115(1)To Aid Medical Cente$786,023
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,017,875
Fundraising Gross Income$1,017,875
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Springfest$950,893$602,750$88,559$514,191
Golf Tournament$259,777$138,839$8,100$130,739
Total Events$1,761,258$1,017,875$1,017,875-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable Related Party$650,000
Interest Payable$28,356
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared by an independent accounting firm. The executive committee and full board review the form 990 prior to submission to the irs.

Form 990, Page 6, Part VI, Line 12C

Each director, officer, and member of a committee with governing board-delegated powers is required to annually sign a statement which affirms that such person has received a copy of the conflict of interest policy, has read and understands it, agrees to comply with the policy, and understands that the foundation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Periodic reviews are undertaken to ensure that the foundation operates in a manner consistent with charitable purposes. An outside advisor may or may not be used to conduct these reviews.

Form 990, Page 6, Part VI, Line 15A

The process for determining compensation for the executive director includes an annual review with the board chairman and erie county medical center corporation's ceo, followed by discussion between board chairman and the board executive committee. During an executive session following the discussion, there is a motion and approval of increase, bonus, changes in contract terms, etc. These are then presented by the board chairman to the executive director and followed with a letter to the financial analyst/payroll for changes, and a copy to the personnel file. The executive director also receives a copy.

Form 990, Page 6, Part VI, Line 19

The organization's form 990 and governing documents are available upon request for the same period of time as set forth in internal revenue code section 6104(d).

Form 990, Part VII

Several board members are employees of erie county medical center corporation, a related organization. None of these individuals are paidfor their service as a board member.

Filing and Contact Details

Filer

Filer Name
Ecmc Foundation Inc
EIN
22-3283946
Phone
7168985800
Address
462 GRIDER STREET G-1, BUFFALO, NY 14215

Signing Officer

Name
Susan M Gonzalez
Title
Executive Director
Phone
7168984478
Signed
2017-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan M Gonzalez
Formed
1993
Legal Domicile
Ny
Voting Board Members
30
Independent Board Members
23
Employees
130
Volunteers
200

Preparer

Firm
DANSA & D'ARATA LLP
Address
361 DELAWARE AVE, BUFFALO, NY 14202
Preparer
Eric Soucia CPA
Phone
7168423900
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Foundation's summer youth healthcare internship program is another example of how funds raised by ecmc foundation have contributed to improving health care education for young citizens. The internship allows high school students to explore careers in medical fields and the health sciences while receiving mentoring by healthcare professionals in a hospital setting. In 2016, the summer youth program had 120 youth participants. Ecmc foundation's funds have also contributed to advancements that have been made in hospital staff training programs and employee education seminars. Ecmc foundation periodically provides financial and adminstrative support for capital improvements at ecmc, including innovations in technology, medical equipment, and safety for hospital patients and employees. Ecmc foundation's ability to administer donor requests and/or hospital needs has helped ecmc become one of the leading public hospitals in the city of buffalo and western new york community.

Form 990, Part XI, Line 9

Fundraising expense netted against revenue 1,017,875 fundraising expenses netted against revenue -1,017,875

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Erie county medical center corporation ("ecmcc")is deemed to be a related party transaction by virtue of their shared mission and affiliation through governance and management activities. Amounts held in custody for others, a liability of the foundation, was 322,080 at december 31, 2016 (344,002 - 2015). Amounts held in custody for others consist of two general categories of monies held by the foundation in an agent capacity including special purpose funds and grants.

Schedule D, Page 2, Part V, Line 4

The earnings on the endownment fund are used for the support and benefit of cardiac care partners.

Schedule D, Page 3, Part X

The foundation is a not-for-profit entity as described in section 509(a) of the internal revenue code and is exempt from federal taxes under section 501(c)(3) of the code. Accordingly, no provisions for federal taxes are included in the financial statements. The foundation is not classified as a private foundation for tax purposes. The foundation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Additionally, the foundation is no longer subject to federal or state tax examination by tax authorities, for all returns filed, for the years ending december 31, 2012 and prior.

Schedule D, Page 4, Part XI, Line 2D

Fundraising expense netted against revenue 1,017,875

Schedule D, Page 4, Part XII, Line 2D

Fundraising expenses netted against revenue 1,017,875

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IRS990/ActivityOrMissionDesc0THE MISSION OF THE ECMC FOUNDATION IS TO MAXIMIZE FUNDING FOR ECMC AND ITS FOCUS ON TRAUMA BY ENGAGEING PROSPECTIVE AND CURRENT DONORS THROUGH COMMUNITY OUTREACH, PARTNERSHIPS, AND RELEVANT PROGRAMMING. IN 2016, WITH OUR MISSION CLEARLY IN FOCUS, THE FOUNDATION BEGAN LAYING THE GROUNDWORK FOR ITS MOST AMBITIOUS ENDEAVOR EVER; A 55 MILLION DOLLAR CAPITAL CAMPAIGN TO HELP ENABLE ECMC TO RELOCATE ITS EXISTING TRAUMA CENTER AND EMERGENCY DEPARTMENT (TC/ED) INTO A NEWLY-CONSTRUCTED GROUND FLOO FACILITY. AS THE REGION'S BUSIEST EMERGENCY DEPARTMENT, AND ONLY LEVEL ADULT TRAUMA CENTER SERVING THE EIGHT COUNTIES OF WESTERN NEW YORK, IT IS IMPERATIVE TO EXPAND TO MEET CURRENT AND FUTURE DEMANDS FOR TRAUMA AND EMERGENCY CARE. IN 2016, ECMC RECORDED NEARLY 70,000 VISITS TO THE EMERGENCY DEPARTMENT - ROUGHLY DOUBLE THE NUMBER SINCE THE LAST TIME THE ED SPACE RECEIVED A SUBSTANTIAL RENOVATION IN THE LATE 1990'S. ACCESSED ONLY JUST A RAMP AND HELIPAD, WHICH DOES NOT MEET CURRENT ACCESSIBILITY CODE,
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.49$1.46$6.03$2.16$1.84$0.32
2023Detailed filing. Detailed filing data is available for this year.$7.58$1.91$5.67$3.39$1.87$1.52
2022Detailed filing. Detailed filing data is available for this year.$7.71$3.65$4.06$2.32$1.63$0.69
2021Detailed filing. Detailed filing data is available for this year.$9.45$5.88$3.57$2.56$2.03$0.53
2020Detailed filing. Detailed filing data is available for this year.$10.4$7.44$2.95$4.45$8.29$3.84
2019Detailed filing. Detailed filing data is available for this year.$13.4$6.46$6.98$5.06$8.78$3.72
2018Detailed filing. Detailed filing data is available for this year.$12.7$2.19$10.5$4.91$3.39$1.52
2017Detailed filing. Detailed filing data is available for this year.$10.2$1.10$9.10$7.18$2.17$5.01
2016Detailed filing. Detailed filing data is available for this year.$5.16$1.11$4.05$2.26$1.94$0.32
2015Summary only. Only limited summary data is available for this year.$5.21$1.49$3.72$1.48$1.33$0.15
2014Detailed filing. Detailed filing data is available for this year.$4.60$1.03$3.57$1.78$1.45$0.34
2013Detailed filing. Detailed filing data is available for this year.$4.26$1.02$3.23$1.29$1.33$0.04
2012Summary only. Only limited summary data is available for this year.$4.34$1.06$3.27$2.57$0.83$1.74
2011Summary only. Only limited summary data is available for this year.$2.19$0.66$1.54$0.77$1.17$0.41