Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2023 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2023 |
(iii) Distributable Amount for 2023 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2023 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2023: | ||||
| a From 2018....... | ||||
| b From 2019....... | ||||
| c From 2020....... | ||||
| d From 2021....... | ||||
| e From 2022....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2023 distributable amount | ||||
|
i
Carryover from 2018 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2023 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2023 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2023, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2023. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2024. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2019..... | ||||
| b Excess from 2020..... | ||||
| c Excess from 2021..... | ||||
| d Excess from 2022..... | ||||
| e Excess from 2023..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|
| Software ID: | 23017437 |
| Software Version: | 2023v5.1 |
| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 1 ORGANIZATION'S MISSION | NEWYORK-PRESBYTERIAN HOSPITAL HAS FOUR MAJOR DIVISIONS: I) NEWYORK PRESBYTERIAN HOSPITAL. NEWYORK-PRESBYTERIAN HOSPITAL (NYPH) IS A WORLD-CLASS ACADEMIC MEDICAL CENTER COMMITTED TO EXCELLENCE IN PATIENT CARE, RESEARCH, EDUCATION AND COMMUNITY SERVICE. BASED IN NEW YORK CITY, IT IS ONE OF THE NATION'S LARGEST AND MOST COMPREHENSIVE HOSPITALS AND A LEADING PROVIDER OF INPATIENT, AMBULATORY, AND PREVENTIVE CARE IN ALL AREAS OF MEDICINE. WITH OVER 4,000 BEDS AND MORE THAN 10,000 AFFILIATED PHYSICIANS AND 50,000 EMPLOYEES, NYPH SEES MORE THAN 2 MILLION VISITS ANNUALLY, INCLUDING OVER 22,000 INFANT DELIVERIES AND MORE THAN 620,000 EMERGENCY DEPARTMENT VISITS. NEWYORK-PRESBYTERIAN HOSPITAL HAS BEEN REPEATEDLY NAMED TO THE HONOR ROLL OF AMERICA'S BEST HOSPITALS. NEWYORK-PRESBYTERIAN HOSPITAL IS COMPRISED OF THE FOLLOWING EIGHT CAMPUSES: 1) NEWYORK PRESBYTERIAN/COLUMBIA UNIVERSITY MEDICAL CENTER (CUMC) 2) NEWYORK PRESBYTERIAN /WEILL CORNELL MEDICAL CENTER (WCMC) 3) NEWYORK-PRESBYTERIAN /THE ALLEN HOSPITAL 4) NEWYORK-PRESBYTERIAN /MORGAN STANLEY CHILDREN'S HOSPITAL 5) NEWYORK-PRESBYTERIAN /LOWER MANHATTAN HOSPITAL (LMH) 6) NEWYORK-PRESBYTERIAN /WESTCHESTER DIVISION 7) NewYork-Presbyterian Westchester Behavioral Health Center 8) NewYork-Presbyterian Brooklyn Methodist Hospital II) NEWYORK-PRESBYTERIAN REGIONAL HOSPITAL NETWORK. NEWYORK-PRESBYTERIAN REGIONAL HOSPITAL NETWORK IS COMPRISED OF LEADING REGIONAL HOSPITALS IN THE NEW YORK METROPOLITAN REGION, INCLUDING: 1) NEWYORK-PRESBYTERIAN /HUDSON VALLEY HOSPITAL 2) NEWYORK-PRESBYTERIAN /QUEENS THE HOSPITALS OF THE REGIONAL HOSPITAL NETWORK EACH CONDUCT THEIR OWN COMMUNITY HEALTH NEEDS ASSESSMENTS AND DEVELOP INDEPENDENT COMMUNITY SERVICE PLANS. III) NEWYORK-PRESBYTERIAN PHYSICIAN SERVICES. NEWYORK-PRESBYTERIAN PHYSICIAN SERVICES CONNECTS MEDICAL EXPERTS WITH PATIENTS IN THEIR COMMUNITIES TO EXPAND COORDINATED HEALTH CARE DELIVERY ACROSS THE REGION. IT INCLUDES MEDICAL GROUPS IN WESTCHESTER, QUEENS AND BROOKLYN WITH THE GOAL OF INCREASING ACCESS TO PRIMARY CARE IN COLLABORATION WITH WEILL CORNELL MEDICINE PHYSICIANS AND COLUMBIA DOCTORS WHICH ARE FOCUSED PRIMARILY ON THE DELIVERY OF SPECIALTY SERVICES. IV) NEWYORK-PRESBYTERIAN COMMUNITY AND POPULATION HEALTH. NEWYORK PRESBYTERIAN COMMUNITY AND POPULATION HEALTH OVERSEES POPULATION HEALTH EFFORTS AT NYPH, INCLUDING NEWYORK QUALITY CARE, THE MEDICARE ACCOUNTABLE CARE ORGANIZATION JOINTLY ESTABLISHED BY NEWYORK-PRESBYTERIAN HOSPITAL, WEILL CORNELL, AND COLUMBIA, AND THE NYPH AMBULATORY CARE NETWORK (ACN). THE ACN CONSISTS OF 14 PRIMARY CARE SITES, 7 SCHOOL-BASED HEALTH CENTERS, MORE THAN 50 SPECIALTY CARE CLINICS AND OVER A DOZEN COMMUNITY-FOCUSED OUTREACH PROGRAMS. THE ACN LOCATIONS SPAN WASHINGTON HEIGHTS, INWOOD, HARLEM, EAST HARLEM, THE UPPER EAST SIDE AND CHELSEA. THEY OFFER PRIMARY CARE SERVICES IN OBSTETRICS AND GYNECOLOGY, PEDIATRICS, INTERNAL MEDICINE, FAMILY MEDICINE, GERIATRICS, AND FIFTY SPECIALTY CARE SERVICES. COMPREHENSIVE PRIMARY CARE, REPRODUCTIVE HEALTHCARE AND FAMILY PLANNING SERVICES, AND MENTAL HEALTH SERVICES ARE PROVIDED IN THE SCHOOL-BASED HEALTH CENTERS. NEWYORK PRESBYTERIAN'S VISION IS TO MAINTAIN ITS POSITION AMONG THE TOP ACADEMIC MEDICAL CENTERS IN THE NATION IN CLINICAL AND SERVICE EXCELLENCE, PATIENT SAFETY, RESEARCH AND EDUCATION. STRATEGIC INITIATIVES PROVIDE THE ROADMAP FOR ACHIEVING THIS VISION. THEY IDENTIFY THE PRIMARY STRATEGIES NEEDED TO REALIZE NEWYORK-PRESBYTERIAN'S GOALS AND CONTINUE TO WORK TO DO THE VERY BEST FOR PATIENTS AND THEIR FAMILIES AT ALL TIMES. NEWYORK-PRESBYTERIAN'S STRATEGIC INITIATIVES WERE UPDATED IN 2013 TO SUPPORT THE ULTIMATE GOAL: "WE PUT PATIENTS FIRST ALWAYS." THIS MEANS THAT NEWYORK-PRESBYTERIAN MUST MAKE PATIENTS THE FIRST PRIORITY AND STRIVE TO PROVIDE THEM WITH THE HIGHEST QUALITY, SAFEST, AND MOST COMPASSIONATE CARE AND SERVICE ALWAYS. NEWYORK PRESBYTERIAN'S SIX STRATEGIC INITIATIVES ARE: CULTURE - OUR CULTURE IS DEFINED BY OUR CORE BELIEFS, WHICH GUIDE EVERYTHING WE DO, BOTH IN OUR INTERACTIONS WITH PATIENTS, AND WITH EACH OTHER. OUR CULTURE OF RESPECT, TEAMWORK, EXCELLENCE, EMPATHY, INNOVATION AND RESPONSIBILITY HELP US CONTINUE TO DELIVER THE BEST CARE POSSIBLE WHILE MEETING THE CHALLENGES AHEAD. ACCESS - IMPROVE AND EXPAND ACCESS: WE WILL CONTINUE TO WORK TO IMPROVE AND EXPAND ACCESS TO THE HOSPITAL AND THE PHYSICIAN ORGANIZATIONS. PATIENTS SHOULD BE ABLE TO RECEIVE CARE PROMPTLY AND NOT HAVE LONG WAITS TO SCHEDULE APPOINTMENTS. WE WILL ALSO WORK WITH OUR HEALTHCARE SYSTEM MEMBERS TO BROADEN OUR GEOGRAPHIC REACH AND EXPAND CARE DELIVERY TO THE COMMUNITIES WE SERVE. ENGAGEMENT - ENGAGE STAFF AND PATIENTS: ENGAGED STAFF ARE ACTIVELY INVOLVED IN THE WORK THEY DO AND THE CARE THEY PROVIDE TO PATIENTS AND THEIR FAMILIES. ENGAGED STAFF WILL HELP US DELIVER THE HIGHEST QUALITY, MOST COMPASSIONATE CARE AND SERVICE, AND ULTIMATELY THE BEST PATIENT EXPERIENCE. AT THE SAME TIME, ENGAGED PATIENTS ACTIVELY PARTICIPATE IN THEIR OWN HEALTH AND RECOVERY. WE WILL PROVIDE PATIENTS WITH TOOLS AND EDUCATIONAL MATERIALS TO HELP MANAGE THEIR OWN CARE, AS WELL AS ENHANCE CULTURAL COMPETENCE AMONG OUR STAFF. HEALTH & WELLBEING - ENHANCE HEALTH AND WELLBEING: THE HOSPITAL IS COMMITTED TO FOSTERING HEALTH AND WELLBEING AS PART OF OUR PATIENT CARE AND COMMUNITY SERVICE MISSON, AND, AS AN INTEGRAL PART OF OUR CULTURE. IN 2013, WE SUCCESSFULLY LAUNCHED 'NYP BE HEALTHY' AS A NEW, COMPREHENSIVE WELLNESS AND PREVENTION INITIATIVE DESIGNED SPECIFICALLY FOR OUR STAFF. THE PROGRAM OFFERS EMPLOYEES ENHANCED ACCESS TO NEW AND EXISTING HOSPITAL PROGRAMS, HEALTHIER CHOICES IN OUR CAFETERIAS, AND TARGETED INFORMATION TO HELP OUR STAFF MEET THEIR INDIVIDUAL HEALTH GOALS. VALUE - DELIVER AND DEMONSTRATE VALUE: WE MUST DELIVER THE HIGHEST QUALITY CARE AS EFFICIENTLY AND EFFECTIVELY AS POSSIBLE, AS THIS IS IMPORTANT FOR BOTH OUR FINANCIAL HEALTH AND FOR OUR PATIENTS WHO CONTRIBUTE TO THE COSTS OF THEIR CARE. OUR MAKING CARE BETTER INITIATIVE WILL HELP US REDUCE UNNECESSARY CLINICAL VARIABILITY, PROMOTE QUALITY AND SAFETY, AND ACHIEVE EFFICIENCY. WE WILL ALSO CONTINUE TO SEEK OPPORTUNITIES TO STREAMLINE PROCESSES AND REDUCE UNNECESSARY COSTS THROUGH HERCULES AND OPERATIONAL EXCELLENCE INITIATIVES. HIGH RELIABILITY - PROVIDE HIGHLY RELIABLE, INNOVATIVE CARE: WE WANT TO PROVIDE THE HIGHEST QUALITY AND SAFEST CARE TO EVERY SINGLE PATIENT WITH EVERY SINGLE INTERACTION. TO ACHIEVE THIS GOAL, WE WILL FOCUS ON DEVELOPING HIGHLY-RELIABLE PROCESSES, ENHANCING OUR CULTURE OF SAFETY, AND REDUCING VARIABILITY IN CARE. THESE STRATEGIC INITIATIVES SUPPORT THE ULTIMATE GOAL: "WE PUT PATIENTS FIRST ALWAYS." |
| Form 990, Part VI, Line 2 Family/business relationships amongst interested persons | JERRY I. SPEYER AND ROB J. SPEYER - Family relationship, JEFFREY W. GREENBERG AND MAURICE R. GREENBERG - Family relationship, JERRY I. SPEYER AND LEONARD A. WILF - Business relationship, STEVEN R. SWARTZ AND FRANK A. BENNACK JR. - Business relationship, JOHN WEINBERG, PAMELA CARLTON, AND ROGER C. ALTMAN - Business relationship, ROCHELLE LAZARUS AND STEPHEN SCHWARZMAN - Business relationship, LEE AINSLIE III AND PHILIPPE LAFFONT - Business relationship, DAVID LAUREN AND FRANK A. BENNACK JR. - Business relationship, ABIGAIL BLACK ELBAUM AND PHILIP MILSTEIN - Family relationship, MICHAEL BRESLIN, KAREN WESTERVELT AND PAUL DUNPHY HAVE A BUSINESS RELATIONSHIP. - Business relationship |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | MEMBERS OF THE NEWYORK-PRESBYTERIAN HOSPITAL (NYPH) FINANCE DEPARTMENT(FINANCE) COORDINATED AND COMPLETED ALL OF THE INFORMATION REQUIRED FOR FORM 990, ACCESSING VARIOUS RESOURCES INCLUDING, LEGAL, HUMAN RESOURCES, CORPORATE COMPLIANCE, DEVELOPMENT, AND OTHER DEPARTMENTS AS NEEDED. THE FOLLOWING IS THE PROCESS FOR REVIEW: SENIOR FINANCE EXECUTIVES REVIEW THE RETURN IN CONJUNCTION WITH ERNST & YOUNG U.S. LLP, PAID PREPARER, PRIOR TO SUBMISSION TO THE CHAIR OF THE AUDIT AND CORPORATE COMPLIANCE COMMITTEE OF THE NYPH BOARD (NYPH AUDIT COMMITTEE) OR HIS/HER DESIGNEE. PURSUANT TO THE CORPORATION'S BYLAWS, IT IS THE NYPH AUDIT COMMITTEE THAT REVIEWS THE CORPORATION'S FORM 990. THE CHAIR OF THE NYPH AUDIT COMMITTEE OR HIS/HER DESIGNEE CONDUCTS A DETAILED REVIEW AND MEETS WITH FINANCE TO ADDRESS ANY QUESTIONS. A COPY OF THE 990 IS SENT TO THE OTHER COMMITTEE MEMBERS FOR REVIEW, AND A REPORT IS GIVEN ON THE 990 BY MANAGEMENT AT THE COMMITTEE'S MEETING IMMEDIATELY PRECEDING THE FILING. A COPY OF THE FORM 990 IS MADE AVAILABLE TO MEMBERS OF THE GOVERNING BODY PRIOR TO ITS FILING. THE CORPORATION FILES THE 990 UPON FINAL REVIEW. |
| Form 990, Part VI, Line 12c Conflict of interest policy | THE HOSPITAL ADHERES TO A CONFLICT OF INTEREST (COI) POLICY THAT HAS BEEN ADOPTED BY THE NEW YORK AND PRESBYTERIAN HOSPITAL. THIS POLICY WAS APPROVED BY THE AUDIT AND CORPORATE COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE POLICY STATES IN PART: "EACH BOARD MEMBER, OFFICER OR KEY PERSON OF A NEW YORK-PRESBYTERIAN ORGANIZATION SHALL COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE PRIOR TO BECOMING A BOARD MEMBER, OFFICER OR KEY PERSON OF THE NEW YORK-PRESBYTERIAN ORGANIZATION AND ANNUALLY THEREAFTER." THE POLICY ALSO STATES THAT "EACH BOARD MEMBER, OFFICER, OR KEY PERSON SHALL PROMPTLY ADVISE THE CHIEF EXECUTIVE OFFICER OF THE NEWYORK-PRESBYTERIAN ORGANIZATION, OR HIS OR HER DESIGNEE, OF ANY CHANGES TO THE INFORMATION PROVIDED IN THAT INDIVIDUAL'S LAST COMPLETED CONFLICT OF INTEREST QUESTIONNAIRE." "THE CHIEF EXECUTIVE OFFICER OF NEW YORK-PRESBYTERIAN HOSPITAL, OR HIS OR HER DESIGNEE, SHALL REVIEW ALL COMPLETED QUESTIONNAIRES AND ALL SUBSEQUENT ADVICE OF CHANGES AND SHALL TAKE SUCH ACTION AS IS DEEMED APPROPRIATE TO ELIMINATE POTENTIALS FOR CONFLICTS OF INTEREST, INCLUDING SUCH STEPS AS REASSIGNMENT OF RESPONSIBILITIES OR ESTABLISHMENT OF PROTECTIVE ARRANGEMENTS." ALL DISCLOSURES OF INTERESTS IN COMPLETED QUESTIONNAIRES OR SUBSEQUENT ADVICE, UNLESS CLEARLY IRRELEVANT OR IMMATERIAL, SHALL BE COMPILED AND REPORTED BY MANAGEMENT "TO THE AUDIT AND CORPORATE COMPLIANCE COMMITTEE OF THE BOARD OF NEW YORK- PRESBYTERIAN Organization, TOGETHER, IN EACH CASE, WITH RESPONSE OR RECOMMENDATION OF MANAGEMENT." "THE AUDIT AND CORPORATE COMPLIANCE COMMITTEE SHALL DETERMINE WHETHER THE REPORTED RESOLUTION OF ISSUES RAISED BY THE DISCLOSURES IS SATISFACTORY AND, IF NOT, SHALL REQUIRE SUCH FURTHER ACTION AS IT DEEMS APPROPRIATE." |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | THE EXECUTIVE COMPENSATION PROCESS AT THE NEWYORK AND PRESBYTERIAN HOSPITAL (NYP) IS ADMINISTERED BY A COMMITTEE OF INDEPENDENT TRUSTEES. THEY FOLLOW A BOARD-APPROVED CHARTER AND OVERALL EXECUTIVE COMPENSATION PHILOSOPHY. THE CHARTER EMPOWERS THE NYP BOARD COMPENSATION COMMITTEE TO ADMINISTER THE EXECUTIVE COMPENSATION PROGRAM AND PROCESS ON BEHALF OF THE FULL BOARD OF TRUSTEES OF NYP. OVERALL, THE PHILOSOPHY IS INTENDED TO REWARD A BROAD SPECTRUM OF HIGH ORGANIZATIONAL AND PREDETERMINED, MEASURABLE INDIVIDUAL PERFORMANCE EXPECTATIONS, AS WELL AS TO FOSTER THE RETENTION OF KEY MANAGEMENT TALENT. NYP'S EXECUTIVE COMPENSATION PHILOSOPHY IS FOCUSED ON ESTABLISHING A PERFORMANCE - ORIENTED PHILOSOPHY AND PAY STRATEGY DESIGNED TO ATTRACT, RETAIN AND REWARD TOP TALENT. TO FULFILL THEIR RESPONSIBILITY, THE COMMITTEE ALSO REVIEWS INFORMATION FROM MULTIPLE SOURCES OF MARKET DATA. ONE SUCH MARKET DEFINITION IS A STABLE GROUP OF LARGE HEALTH CARE SYSTEMS OF SIMILAR SCALE AND CIRCUMSTANCES. ADDITIONAL INFORMATION FROM NOT-FOR-PROFIT SYSTEMS, FOR-PROFITS SYSTEMS AND COMPARABLY SIZED PUBLICLY-TRADED HEALTH CARE FACILITIES IS ALSO USED. THEY USE THIS ADDITIONAL INFORMATION TO SUPPORT THEIR DECISIONS REGARDING ON-GOING ADMINISTRATION OF THE PROGRAM. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD. THEY MEET THREE TO FOUR TIMES PER YEAR AND MAKE ALL CRITICAL DECISIONS IN EXECUTIVE SESSION. THESE DECISIONS ARE DOCUMENTED IN MINUTES WHICH ARE APPROVED IN SUBSEQUENT MEETINGS. THE COMMITTEE IS EMPOWERED TO, AND DOES, ENGAGE OUTSIDE COUNSEL AND CONSULTING SUPPORT. THE ABOVE DESCRIBED EXECUTIVE COMPENSATION PROCESS IS AN ONGOING PROCESS, APPLIED ANNUALLY ON A CALENDAR YEAR BASIS, TO ALL VICE PRESIDENTS, SENIOR VICE PRESIDENTS, GROUP SENIOR VICE PRESIDENTS, EXECUTIVE VICE PRESIDENTS, AS WELL AS THE CHIEF EXECUTIVE OFFICER AND PRESIDENT. COMPENSATION FOR 2023 OF THESE UPPER LEVEL EXECUTIVES INCLUDES THE PAYOUT OF AN ANNUAL INCENTIVE PLAN AND A LONG-TERM INCENTIVE PLAN. THIS PERFORMANCE-ORIENTED PROGRAM CONDITIONS PAYMENTS UPON THE ACHIEVEMENT OF MULTIPLE INDIVIDUAL AND GROUP PERFORMANCE MEASURES. MEASURES TO MONITOR PERFORMANCE INCLUDE: OPERATIONAL AND FINANCIAL STRENGTH, PATIENT QUALITY AND SAFETY, PATIENT SATISFACTION, ADVANCEMENT OF PATIENT CARE, AND PEOPLE DEVELOPMENT AND PARTNERSHIP. INCENTIVE AWARDS MAY ONLY BE GRANTED IF THE ORGANIZATION ACHIEVES A FINANCIAL SURPLUS. EVEN IF ALL RELEVANT PERFORMANCE MEASUREMENTS ARE ACHIEVED, THE NYP BOARD OF TRUSTEES RETAINS FULL DISCRETION TO MAKE OR NOT MAKE ANY INCENTIVE AWARDS, OR TO REDUCE THE AMOUNT OF ANY INCENTIVE AWARD. THIS INITIATIVE IS CRITICAL TO ASSURING THAT NYP HAS THE REQUISITE LEADERSHIP TO CREATE AND MANAGE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE, TO DRIVE SUPERIOR PERFORMANCE THROUGHOUT THE ORGANIZATION AND TO ACHIEVE TOP TIER MEDICAL CENTER STATUS. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | See narrative above for Part VI, Line 15a. |
| Form 990, Part VI, Line 19 Required documents available to the public | EXTERNAL REQUESTS FOR OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE REVIEWED FOR VALIDITY. THESE REQUESTS ARE THEN GRANTED IF DEEMED APPROPRIATE. |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue | Misc rev - Total Revenue: 5490000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 5490000; Misc rev - Total Revenue: 5490000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 5490000; Misc rev - Total Revenue: 5490000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 5490000; Misc rev - Total Revenue: 5490000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 5490000; Misc rev - Total Revenue: 5490000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 5490000; Misc rev - Total Revenue: 5490000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 5490000; Misc rev - Total Revenue: 5490000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 5490000; Misc rev - Total Revenue: 5490000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 5490000; Misc rev - Total Revenue: 5490000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 5490000; Misc rev - Total Revenue: 5490000, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 5490000; Misc rev - Total Revenue: 2824100, Related or Exempt Function Revenue: , Unrelated Business Revenue: 174414, Revenue Excluded from Tax Under Sections 512, 513, or 514: 2649686; |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | Change in donor restricted net assets - XXX-XX-XXXX; DISTRIBUTIONS FROM NEW YORK-PRESBYTERIAN FUND, INC. FOR THE PURCHASE OF FIXED ASSETS - XXX-XX-XXXX; CHANGE IN PENSION AND POSTRETIREMENT BENEFIT LIABILITIES TO BE RECOGNIZED IN FUTURE PERIODS - -95610067; Equity transfer to related parties - -90770557; DISTRIBUTIONS FROM FEMA FOR THE PURCHASE OF FIXED ASSETS - 63000000; Other changes in net assets - 6424105; |
| Software ID: | 23017437 |
| Software Version: | 2023v5.1 |