2013-06-17T17:48:57-05:00 2012-07-31 271728945 O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2011-08-01 112418771 THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION HEAL 7182703148 450 CLARKSON AVENUE BROOKLYN NY 11203 ALAN DZIJA 7182703148 2013-06-17 1 GARRETT M HIGGINS P00543209 9143818900 2013-06-17 2011 2016-03-07 17:11:31Z ALAN DZIJA 170996218 0 X WWW.DOWNSTATE.EDU/FINANCE/HSCB_FOUNDATION.HTML X 1976 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. 7 2 2024 15 0 0 35357842 2685695 30449953 164855862 1904693 2468126 -1048786 -1041302 66663702 168968381 210575 181872 0 0 26934620 156459810 0 0 0 13433588 11155473 40578783 167797155 26084919 1171226 179641811 175553890 53879774 51481560 125762037 124072330 X 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 3445897 1980862 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. 179534 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. 162875000 162875000 IN JANUARY 2011, THE ORGANIZATION FORMED STAFFCO OF BROOKLYN, LLC ("STAFFCO"), A PROFESSIONAL EMPLOYER ORGANIZATION TO THE STATE UNIVERSITY OF NY HEALTH SCIENCE CENTER AT BROOKLYN, INC. THE ORGANIZATION BEGAN OPERATIONS AT THE END OF MAY 2011. STAFFCO IS A STAFF LEASING COMPANY THAT PROVIDED PAYROLL AND FRINGE BENEFIT SERVICES TO OVER 2,000 EMPLOYEES DURING FISCAL YEAR 2012 OF THE LONG ISLAND COLLEGE HOSPITAL ("LICH"), AN ENTITY OWNED BY SUNY DOWNSTATE MEDICAL CENTER. 261458 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. 181872 181872 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. 443330 181872 166943761 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 91 0 2024 1 0 0 0 0 0 0 0 0 0 0 X 7 2 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NY X X SHEILA DUFFY 7182703148 450 CLARKSON AVENUE BROOKLYN NY 11203 X IVAN M LISNITZER 4.50 X X 0 331143 7715 DR JOHN C LAROSA 1.00 X X 0 382154 38338 PAUL DAVIS 5.00 X X 0 312529 19900 IAN L TAYLOR MD 0.30 X 0 539866 26840 JOAN BARTOLOMEO 0.10 X 0 0 0 FRANCI SCHARF 10.00 X X 0 147538 26969 ALAN JEFFREY ROSEN 5.00 X X 0 136920 17600 ALAN DZIJA 4.50 X X 0 0 0 JOHN BYRNE 37.50 X 202287 0 18597 CATHERINE GALLOGLY 37.50 X 133018 0 14180 CATHERINE NNADIEKWE 37.50 X 137502 0 0 DIANA SULLIVAN 37.50 X 118262 0 10498 GLORIA RAMNANAN 37.50 X 120823 0 0 711892 1850150 180637 5 0 1 0 DELOITTE CONSULTING LLP PO BOX 7247-6447 PHILADELPHIA PA 191706447 CONSULTING SERVICES 4425491 PITTS MANAGEMENT ASSOCIATES INC 7946 GOODWORD BLVD BATON ROUGE LA 708067634 STRATEGIC ANALYSIS 897934 ALVAREZ & MARSAL HEALTHCARE INDUSTRY 600 LEXINGTON AVE 6TH FL NEW YORK NY 10022 HEALTHCARE CONSULTANT 788218 CLIFTON BUDD & DEMARIA LLP 420 LEXINGTON AVENUE NEW YORK NY 10170 LABOR/EMPLOYMENT CONSULTANT 623279 WORKLAB CONSULTING 21 EAST 10TH STREET NEW YORK NY 10003 CURRICULUM DEVELOPMENT 138800 17 2685695 2685695 STAFFING SERVICES 900099 162875000 162875000 CLINICAL PRACTICE PROG 900099 1980862 1980862 164855862 2468126 2468126 796073 2027837 -1231764 -1231764 -1231764 PARKING LOT FEES 900099 180067 180067 MISCELLANEOUS INCOME 900099 10395 10395 190462 168968381 164855862 0 1426824 181872 181872 114208908 114208908 8517691 8517691 21239356 21239356 12493855 12493855 44404 44404 24538 24538 5151243 5151243 78979 78979 120423 84963 35460 85 85 392170 381394 10776 139365 139365 318433 318433 6875 6875 1616018 1466263 149755 ACADEMIC PROGRAM SUPPOR 1420891 1420891 PURCHASED SERVICES 709877 709877 GENERAL ADMINISTRATION 624055 624055 FACULTY & STUDENT PARKI 229925 229925 278192 244844 33348 167797155 166943761 853394 0 33993099 2707577 10535752 6001274 5122829 6844440 20248256 22955264 1879430 1689475 1381597 3695000 39625950 6515420 34041269 33110530 55644618 81552405 14278446 14660740 1047111 1010108 1469404 1327077 179641811 175553890 19544972 15490333 7605 18588 17742198 17597817 16584999 18374822 53879774 51481560 X 91337668 82343758 10779983 17687296 23644386 24041276 125762037 124072330 179641811 175553890 X 1171226 -2860933 X X 0 0 0 X 1735721 38471971 3612078 35357842 2685695 81863307 1735721 38471971 3612078 35357842 2685695 81863307 81863307 1315892 2134325 2856487 2837728 3264199 12408631 205558 194475 187575 180655 190462 958725 95230663 202113430 0.85960 0.87460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13654470 13654470 13654470 13654470 11969565 812985 875199 3279 13654470 13500901 588594 -2043160 76770 11969565 1.00000 0 0 6312317 6312317 32825390 6112572 26712818 61207 61207 0 427036 341641 85395 33110530 BENEFICIAL INTEREST IN PERPETUAL TRUST 9568329 F ALTERNATIVE INVESTMENTS 5092411 F 14660740 ANNUITY OBLIGATIONS 77319 FUNDING ADVANCES PAYABLE 16200000 DUE TO SUNY DOWNSTATE MEDICAL CENTER 2097503 18374822 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: 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. CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 5092412 0 0 0 0 0 0 5092412 0 5092412 0 0 1 0 0 0 1 SCHOLARSHIPS, INTERNSHIPS, HONORARIUMS, FELLOWSHIPS, AND AWARDS TO HELP STUDENTS FURTHER THEIR EDUCATION. 72 181872 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 331143 0 0 0 0 0 0 0 7715 0 338858 0 0 DR JOHN C LAROSA 0 382154 0 0 0 0 0 31850 0 6488 0 420492 0 0 PAUL DAVIS 0 312529 0 0 0 0 0 19600 0 300 0 332429 0 0 IAN L TAYLOR MD 0 539866 0 0 0 0 0 19600 0 7240 0 566706 0 0 FRANCI SCHARF 0 147538 0 0 0 0 0 19816 0 7153 0 174507 0 0 ALAN JEFFREY ROSEN 0 136920 0 0 0 0 0 11112 0 6488 0 154520 0 0 JOHN BYRNE 167912 0 34375 0 0 0 13327 0 5270 0 220884 0 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. AFTER THE FORM 990 HAS BEEN PREPARED, IT IS ELECTRONICALLY SENT TO MANAGEMENT FOR REVIEW AND APPROVAL FOR FILING. ANY COMMENTS FROM MANAGEMENT ARE 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 EACH DIRECTOR OR OFFICER OF THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION, INC. HAS A FIDUCIARY OBLIGATION TO ACT IN THE BEST INTERESTS OF THE FOUNDATION. ANNUALLY, THE DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE A "CONFLICT OF INTEREST" COMPLIANCE FORM, WHICH DISCLOSES ANY POTENTIAL OR ACTUAL CONFLICTS. A DIRECTOR OR OFFICER MAY NOT PARTICIPATE IN ANY VOTE ON ANY MATTER RELATING TO CURRENT OR PROPOSED FOUNDATION BUSINESS WITH ANY INDIVIDUAL OR ENTITY WITH WHICH THE DIRECTOR OR OFFICER HAS A DIRECT OR INDIRECT PERSONAL OR FINANCIAL INTEREST THAT MAY CONFLICT WITH THE PROPER DISCHARGE OF THE MEMBER'S BOARD DUTIES. AN INDIRECT PERSONAL OR FINANCIAL INTEREST INCLUDES ANY TRANSACTION WHEREBY FAMILY MEMBERS MAY ACQUIRE A FINANCIAL BENEFIT. ANY DIRECTOR OR OFFICER WHO HAS A DIRECT OR INDIRECT PERSONAL OR FINANCIAL INTEREST THAT COULD CREATE A CONFLICT OF INTEREST WITH ANY FOUNDATION AGREEMENT, TRANSACTION OR RELATIONSHIP, SHALL DISCLOSE ANY RELEVANT FACTS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER THE FACTS, AS DISCLOSED BY THE DIRECTOR OR OFFICER, CONSTITUTE A CONFLICT OF INTEREST. IF THE BOARD DETERMINES THAT A CONFLICT EXITS, THE AFFECTED DIRECTOR OR OFFICER SHALL ABSTAIN FROM VOTING ON THE MATTER. THE AFFECTED DIRECTOR OR OFFICER MAY PARTICIPATE IN DISCUSSIONS ON THE MATTER IN QUESTION ONLY IF HE OR SHE IS ASKED FOR INFORMATION BY A MAJORITY OF THE REMAINING BOARD MEMBERS. THE AFFECTED DIRECTOR OR OFFICER MUST WITHDRAW FROM THE MEETING CONCERNING THE MATTER IN QUESTION IF REQUESTED BY THE REMAINING BOARD MEMBERS. IN THE EVENT THAT THE CONFLICT INVOLVES A VENDOR FOR GOODS OR SERVICES, THE AFFECTED DIRECTOR OR OFFICER SHALL NOT PARTICIPATE IN THE ADMINISTRATION OF THE TRANSACTION. THE MINUTES OF THE BOARD SHALL REFLECT THE ACTIONS OF THE BOARD OF DIRECTOR AND THE AFFECTED DIRECTOR OR OFFICER. SUCH MINUTES SHALL INCLUDE ALL DISCLOSURES OF ACTUAL AND POTENTIAL CONFLICTS. 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 VII, SECTION A THE FOLLOWING BOARD MEMBER, PAUL DAVIS ALSO SPENT TIME SERVING ON THE BOARD OF A RELATED ENTITY, FACULTY STUDENT ASSOCIATION OF DOWNSTATE MEDICAL CENTER, INC. HE SPENT ON AVERAGE OF 1 - 2 HOURS PER WEEK WORKING FOR THE RELATED ENTITY. THE FOLLOWING BOARD MEMBERS AND OFFICERS ARE EMPLOYEES OF THE RELATED ENTITY, SUNY HEALTH SCIENCE CENTER AT BROOKLYN D/B/A SUNY DOWNSTATE MEDICAL CENTER. - IVAN M. LISNITZER, 35 HOURS PER WEEK - DR. JOHN C. LAROSA, 35 HOURS PER WEEK - PAUL DAVIS, 35 HOURS PER WEEK - IAN L. TAYLOR, M.D., 35 HOURS PER WEEK - FRANCI SCHARF, 35 HOURS PER WEEK - ALAN JEFFREY ROSEN, 35 HOURS PER WEEK CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,185,358. CHANGE IN VALUE OF BENEFICIAL INTERST IN PERPETUAL TRUSTS 324,425. ACTUARIAL GAIN ON ANNUITY OBLIGATIONS TOTAL TO FORM 990, PART XI, LINE 5: -2,860,933. FORM 990, PART XII, 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. STAFFCO OF BROOKLYN LLC 450 CLARKSON AVE 1280 BROOKLYN NY 112032012 PROVIDE PROFESSIONAL AND NON-PROFESSIONAL STAFFING NY 162875000 30878000 THE HEALTH SCIENCE CENTER AT BROOKLYN FOUNDATION INC 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 0 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 0 1 1 0 0 0 0