Nfmmc Foundation EIN 22-2877349 Form 990 (PDF) Claim this org

Nfmmc Foundation FY2021 filing

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Maintains assets and raises funds to support its mission. For fiscal year 2021 it reported $273K in revenue, $331K in expenses, and $2.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Niagara Falls, NY
Website
www.nfmmc.org
Filings
5 on file (2020–2021)
Revenue
$273KFY2021
Expenses
$331K
Net assets
$2.1M
People
19
Filings
5
Updates
0
More identity details & actions ⌄
EIN  22-2877349 Public charity (501(c)(3)) Niagara Falls, NY
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Maintains assets and raises funds to support its mission.
Leadership
James C Roscetti · Chairman
Money in and out
$273K revenue, $331K expenses
Bottom line
45% program efficiency
Where the money goes · FY2021
Total revenue
$273K
Pt VIII · Ln 12
Total expenses
$331K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$59K
Where spending went · Part IX cols B–D
Program services $0.45 Management & general $0.21 Fundraising $0.34
Program efficiency
45%
of spending reaches programs
Operating runway
97.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$273K
FY2021▼ -66%
Expenses
$331K
FY2021▼ -83%
Total assets
$2.8M
FY2021▲ +14%
Total liabilities
$684K
FY2021▲ +15%
Total revenue
$273K
Pt VIII · Ln 12
Total expenses
$331K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$59K
Total assetsPt X · Ln 16$2.8M
Program-expense ratioPt IX · col B45%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNfmmc Foundation
EINHdr · item D22-2877349
Principal addressHdr · item CNiagara Falls, NY
WebsiteHdr · item Jwww.nfmmc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E91I)
Ruling yearIRS BMFOct 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $150K of program spending, described in the organization's own filed words · FY2021.
01

The foundation administered contributions received for the use of the niagara falls memorial medical center which is a related tax exempt entity.

$150Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$158K · 58%
Other revenue$89K · 33%
Investment income$26K · 10%
Contributions & grants58%$158K
Other revenue33%$89K
Investment income10%$26K
Total revenueLn 12$273K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.45 Management & general $0.21 Fundraising $0.34
Program services45%$150K
Management & general21%$69K
Fundraising34%$112K
Total functional expensesLn 25$331K

Balance Sheet

Part X · end of year
CashLn 1$205K
Total assetsLn 16$2.8M
Total liabilitiesLn 26$684K
Total net assetsLn 32$2.1M
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.7M · Operating expenses/yr $331K
97.8 months
Where the money goes
Program services
Program services $150K · Total expenses $331K
45%
Management & General
Management & general $69K · Total expenses $331K
21%
Fundraising
Fundraising $112K · Total expenses $331K
34%
Cost to raise $1
Fundraising expense (2-yr avg) $139K · Solicited contributions (2-yr avg) $508K
$0.27 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $158K · Total revenue $273K
58%
Government reliance
Government grants — · Total revenue $273K
Earned-income share
Program service revenue $0 · Total revenue $273K
0%
Investment reliance
Investment income $26K · Total revenue $273K
+10%
Program self-sufficiency
Program service revenue $0 · Total expenses $331K
0%
Growth & trend
Revenue growth (YoY)
This year $273K · Prior year $814K
-66%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $273K · Expenses $331K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $2.8M
Net-asset ratio
Net assets $2.1M · Total assets $2.8M
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.8M
90%
People & payroll
Highest Reported Total Compensation
Individual James C Roscetti · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $331K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $153K · Total expenses $331K
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 45%
Overhead ratio 21%
Fundraising cost ratio 71%
Revenue growth -66%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$7K
Grants paid · 5 grants · $3.4M · 2020–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$526K revenue · ⤓ 990 PDF
FY2023$759K revenue · ⤓ 990 PDF
FY2022$787K revenue · ⤓ 990 PDF
FY2021$273K revenue · viewing · ⤓ 990 PDF
FY2020$814K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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