Civic Intelligence

Care Continuum Ventures Inc.

990EZ • Fiscal year 2021 • EIN 86-3155355

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

One Gustave L Levy PlaceNew York, NY 10029-6574

(646) 605-4224

Siviq Scores

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

Liabilities / Assets

100th percentile

1019809.00x

Higher debt load relative to assets than 100% of similar nonprofits.

2021 filings • NTEE E • <$500k nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

2021 filings • NTEE E • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$0

No earlier filing loaded for comparison.

Net Assets

-$1,019,809

No earlier filing loaded for comparison.

Liabilities

$1,019,809

No earlier filing loaded for comparison.

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2021: $0Liabilities 2021: $1,019,809Net Assets 2021: -$1,019,8092021Assets 2022: $6,211,219Liabilities 2022: $0Net Assets 2022: $6,211,2192022Assets 2024: $4,777,192Liabilities 2024: $0Net Assets 2024: $4,777,1922024

Highlighted filing

2021

Assets$0
Liabilities$1,019,809
Net Assets-$1,019,809

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $7,231,028Expenses 2022: $0Net Income 2022: $7,231,0282022Revenue 2024: -$449,655Expenses 2024: $0Net Income 2024: -$449,6552024

Highlighted filing

2021

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$0
Mission and Program Overview

Mission

Care continuum ventures, inc. Shall be operated exclusively for the benefit of, to perform the functions of, or carry out the charitable purposes of beth israel medical center, the mount sinai hospital, the new york eye and ear infirmary, the st. Luke's-roosevelt hospital center, south nassau communities hospital, ichan school of medicine at mount sinai, and any hospitals that, in the future, become members of the health system.

Program Services

DescriptionGrantsExpenses
Though inactive in 2021, the primary mission of Care Continuum Ventures, Inc. is to perform the functions of, or carry out the charitable purposes of Beth Israel Medical Center, The Mount Sinai Hospital, The New York Eye and Ear Infirmary, The St. Luke's-Roosevelt Hospital Center, South Nassau Communities Hospital, Ichan School of Medicine at Mount Sinai, and any hospitals that, in the future, become members of the health system known as the Mount Sinai Health System.-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DENISE B PRINCEPresident-$0--
MARGARET PASTUSZKODirector-$0--
JEREMY BOAL MDDirector-$0--
Filing and Contact Details

Filer

Filer Name
Care Continuum Ventures Inc
EIN
86-3155355
In Care Of
% DENIS DONEGAN
Phone
6466054224
Address
ONE GUSTAVE L LEVY PLACE, NEW YORK, NY 10029-6574

Signing Officer

Name
Stephen Harvey
Title
SVP, System CFO
Phone
6466054224
Signed
2022-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Ernst & Young US Llp
Address
1 MANHATTAN WEST, NEW YORK, NY 10001
Preparer
Nicole Sokolowski
Phone
2127733000
Supplemental Narrative

Additional Explanations

Form 990EZ Part II Line 26

Description:INVESTMENT IN OGL HOLDINGS LLC EOY Amount:1019809

Raw XML Appendix172 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0DENIS DONEGAN
IRS990EZ/BooksInCareOfDetail/PhoneNum06466054217
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0150 EAST 42ND STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0New York
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010017
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt00
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt00
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-1019809
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-1019809
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.5
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.5
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.5
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DENISE B PRINCE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARGARET PASTUSZKO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JEREMY BOAL MD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt0-1019809
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0CARE CONTINUUM VENTURES, INC. SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR CARRY OUT THE CHARITABLE PURPOSES OF BETH ISRAEL MEDICAL CENTER, THE MOUNT SINAI HOSPITAL, THE NEW YORK EYE AND EAR INFIRMARY, THE ST. LUKE'S-ROOSEVELT HOSPITAL CENTER, SOUTH NASSAU COMMUNITIES HOSPITAL, ICHAN SCHOOL OF MEDICINE AT MOUNT SINAI, AND ANY HOSPITALS THAT, IN THE FUTURE, BECOME MEMBERS OF THE HEALTH SYSTEM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Though inactive in 2021, the primary mission of Care Continuum Ventures, Inc. is to perform the functions of, or carry out the charitable purposes of Beth Israel Medical Center, The Mount Sinai Hospital, The New York Eye and Ear Infirmary, The St. Luke's-Roosevelt Hospital Center, South Nassau Communities Hospital, Ichan School of Medicine at Mount Sinai, and any hospitals that, in the future, become members of the health system known as the Mount Sinai Health System.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01019809
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt00
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Corporation as a Type II Supporting Organization Initially the board of directors of the Corporation (the "Board") will consist of three directors appointed by the sole incorporator of the Corporation, who is the Senior Vice President and Chief Operating Officer of Population Health at MSHS. MSHS is an organization exempt from federal income tax as an organization described in Code Section 501(c)(3) and classified as a supporting organization under Code Section 509(a)(3). MSHS also supports the Supported Organizations. The appointment of the initial directors is consistent with the Bylaws of the Corporation, as adopted by the initial board of directors, which require that the Board of Directors of the Corporation be composed, at a minimum, of the following persons, each of whom shall serve automatically by virtue of and while holding the designated office (the "Ex Officio Directors"): (i) the Chief Operating Officer of MSHS ("MSHS COO"); (ii) the Chief Clinical Officer of MSHS ("MSHS CCO"); and (iii) a Vice President or Senior Vice President of Population Health of MSHS, as appointed by the Chief Financial Officer of MSHS ("MSHS CFO"). Control and management of MSHS is vested in the same persons that control and manage the Supported Organizations, and each of MSHS COO, MSHS CCO, and MSHS CFO hold those positions across the entirety of MSHS, including at each of the Supported Organizations. In addition to the Ex Officio Directors, the directors of the Corporation in office may elect, at the annual meeting of the Board, by a majority vote of such directors, additional directors meeting the certain qualifications to serve on the Board (any such directors, the "Elected Directors"). A required qualification for an Elected Director, includes, but is not limited to, that such Elected Director have been elected as a director, officer, or trustee of a Supported Organization or be a senior-level employee with management responsibility of a Supported Organization. Treasury Regulations Section 1.509(a)-4(h)(1) requires that "[i]n order for a supporting organization to be "supervised or controlled in connection with" one or more publicly supported organizations (a "Type II Supporting Organization"), there must be common supervision or control by the persons supervising or controlling both the supporting organization and the publicly supported organizations to insure that the supporting organization will be responsive to the needs and requirements of the publicly supported organization. Therefore, in order to meet such requirement, the control or management of the supporting organization must be vested in the same persons that control or manage the publicly supported organizations." Although the directors of the Corporation do not comprise a majority of each of the boards of the Supported Organizations, nonetheless, all of the Ex Officio Directors and Elected Directors, serve on the boards, as officers, or as senior employees with management responsibilities, of the Supported Organizations, and are there for responsive to the needs and requirements of the Supported Organizations. This is consistent with Example (3) of Treasury Regulations Section 1.509(a)(4)(h)(3) where all of the trustees of the supporting organization were members of the supported organization, leaders in the supported organization, or held important offices in one or more of the supported organization's related institutions, and the organization represented that any successor trustee would be a leader in the supported organization and would hold an important office in one or more of the supported organization's related institutions.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0schedule a, part vi
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0false
IRS990ScheduleA/SupportedOrganizationsCnt06
IRS990ScheduleA/SupportedOrganizationsTotalCnt06
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0135564934
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1131624096
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2135562304
IRS990ScheduleA/SupportedOrgInformationGrp/EIN3132997301
IRS990ScheduleA/SupportedOrgInformationGrp/EIN4111352310
IRS990ScheduleA/SupportedOrgInformationGrp/EIN5136171197
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd1true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd2true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd3true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd4true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd5true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd03
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd13
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd23
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd33
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd43
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd52
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt50
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt50
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BETH ISRAEL MEDICAL CENTER
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1THE MOUNT SINAI HOSPITAL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2THE NEW YORK EYE AND EAR INFIRMARY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3THE ST LUKE'S ROOSEVELT HOSPITAL CENTER
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4SOUTH NASSAU COMMUNITIES HOSPITAL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description:INVESTMENT IN OGL HOLDINGS LLC EOY Amount:1019809
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990EZ PART II LINE 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Stephen Harvey
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SVP, SYSTEM CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum06466054224
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Care Continuum Ventures Inc
ReturnHeader/Filer/BusinessNameControlTxt0CARE
ReturnHeader/Filer/EIN0863155355
ReturnHeader/Filer/InCareOfNm0% DENIS DONEGAN
ReturnHeader/Filer/PhoneNum06466054224
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE GUSTAVE L LEVY PLACE
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0100296574
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01 MANHATTAN WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010001
ReturnHeader/PreparerPersonGrp/PhoneNum02127733000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nicole Sokolowski
ReturnHeader/ReturnTs02022-11-11T14:17:50-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Stephen
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Harvey
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings