Montefiore Cerc Operations INC FY2020 filing

Tax-deductible

Tarrytown, NY501(c)(3)Health CareEIN 47-4853506Revenue $4.5M in FY2020

On file with the IRS555 South Broadway Bldg a FL 1, 10591-6301 · Tarrytown, NYTax-exempt since Apr 2018Hospital or medical research org — 170(b)(1)(A)(iii)

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To improve the quality of life of persons with developmental disabilities and their families.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$893K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $1.4M a year · 31% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$893K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.0M
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
Spent
$5.3M
To programs
100%
Net assets
$13.5M
By yearFY2020–FY2024
Revenue
$4.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.5M
FY2021$4.3M
FY2022$4.4M
FY2023$4.9M
FY2024$5.0M
Expenses
$5.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.3M
FY2021$5.6M
FY2022$5.8M
FY2023$6.0M
FY2024$7.5M
Net assets
$13.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$13.5M
FY2021$13.5M
FY2022$9.8M
FY2023$10.2M
FY2024$9.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $5.3M Management & general 0% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $893K paid to officers and key staff.

Part VII, Section A · reportable compensation
Interim Chief, Dir of Dev Med
$210,873Pt VII · Sec A
Director-Intell Disabilities
$206,453Pt VII · Sec A
Cerc Administration
$159,595Pt VII · Sec A
$159,231Pt VII · Sec A
Clinical Director
$156,639Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Elisa Muniz MD’s $187K as Pediatrician is at the 68th percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lisa Shulman MD$187,184$194,620$190,456$190,384$210,873
Breck Borcherding MD———$182,250$206,453
Elisa Muniz MD$187,391—$134,862$135,366—
Merryl Schechtman MD$161,589————
Romina Barros MD————$159,595
Oscar Purugganan MD—$150,288$150,579$150,035$159,231
Anne Murphy PHD$145,508$148,133$154,357$146,857$156,639
Maria Valicenti-Mcdermott MD$149,508$141,765———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves lives of people with developmental disabilities and their families.

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1 program · $5.3M · in their own filed words · FY2020
01

Montefiore CERC Operations, Inc., an affiliate of the Montefiore Health System, is an interdisciplinary service program for children and adults with intellectual and developmental disabilities including autism, cerebral palsy, neuromuscular disorders, behavioral problems and cognitive and learning problems and a premier ambulatory center…

$5.3Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$4.4M
Investment incomeLn 3$197K
Other incomeLn 4–11$970
Money outPt IX
$5.3M
Ln 25
Programscol B$5.3M
Managementcol C$4K
Owns and owesPt X
$13.5M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$16.5M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
7
listed · VII A
PaidVII A5
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.4M
Investment incomeLn 3$197K
Other incomeLn 4–11$970
Gains on assetsLn 7$5K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$4.6M
Cash and savings togetherLn 1–2$4.6M
InvestmentsLn 11–13$10.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$16.5M
LiabilitiesLn 26$3.0M
Net assetsLn 32$13.5M
OperationsPt I, VI
EmployeesI 5130
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.6M$4.6M
InvestmentsLn 11–13$9.4M$10.8M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$13.7M$16.5M
LiabilitiesLn 26$578K$3.0M
Net assetsLn 32$13.1M$13.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.9M$2.9M$0$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$877K$877K$0$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$11K$11K$0$0
Advertising and promotionLn 12$0
Office expensesLn 13$148K$144K$3K$0
Information technologyLn 14$12K$12K$0$0
RoyaltiesLn 15$0
OccupancyLn 16$1.1M$1.1M$0$0
TravelLn 17$392$392$0$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$294$294$0$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$311K$310K$750$0
All other expensesLn 24e$780$780
Total functional expensesLn 25$5.3M$5.3M$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.0M$7.5M−$2.5M$9.3M 990 PDF
FY2023 $4.9M$6.0M−$1.2M$10.2M 990 PDF
FY2022 $4.4M$5.8M−$1.4M$9.8M 990 PDF
FY2021 $4.3M$5.6M−$1.3M$13.5M 990 PDF
FY2020 Viewing $4.5M$5.3M−$792K$13.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $4,547,599 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $943$0
I-9 Program service revenuePrior year $5,420,074$4,350,015
I-10 Investment incomePrior year $221,460$196,614
I-11 Other revenuePrior year $0$970
I-12 Total revenuePrior year $5,642,477$4,547,599
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,652,459$3,753,607
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $440,055$1,586,260
I-18 Total expensesPrior year $4,092,514$5,339,867
I-19 Revenue less expensesPrior year $1,549,963−$792,268
Part VI · Governance 0 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,547,599 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,350,015 · Unrelated business $0 · Excluded from tax $0$4,350,015
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $191,355$191,355
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,259$5,259
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $970$970
VIII-12 Total revenueRelated to mission $4,350,015 · Unrelated business $0 · Excluded from tax $197,584$4,547,599
Part IX · Statement of functional expenses $5,339,867 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $2,876,327 · Management $0 · Fundraising $0$2,876,327
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $877,280 · Management $0 · Fundraising $0$877,280
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $10,570 · Management $0 · Fundraising $0$10,570
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $144,364 · Management $3,476 · Fundraising $0$147,840
IX-14 Information technologyPrograms $11,679 · Management $0 · Fundraising $0$11,679
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,104,168 · Management $0 · Fundraising $0$1,104,168
IX-17 TravelPrograms $392 · Management $0 · Fundraising $0$392
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $294 · Management $0 · Fundraising $0$294
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $309,787 · Management $750 · Fundraising $0$310,537
IX-24e All other expensesPrograms $780$780
IX-25 Total functional expensesPrograms $5,335,641 · Management $4,226 · Fundraising $0$5,339,867
Part X · Balance sheet $16,489,953 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $1,585,083$4,623,337
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $2,695,296$1,108,635
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $9,369,971$10,757,981
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $13,650,350$16,489,953
X-17 Accounts payable and accrued expensesStart of year $121,443$108,356
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $456,798$2,909,238
X-26 Total liabilitiesStart of year $578,241$3,017,594
X-27 Net assets without donor restrictionsStart of year $4,591,862$3,771,984
X-28 Net assets with donor restrictionsStart of year $8,480,247$9,700,375
X-32 Total net assets or fund balancesStart of year $13,072,109$13,472,359
X-33 Total liabilities and net assetsStart of year $13,650,350$16,489,953
Part XI · Reconciliation of net assets $13,472,359 net assets at year end
XI-1 Total revenue$4,547,599
XI-2 Total expenses$5,339,867
XI-3 Revenue less expenses−$792,268
XI-4 Net assets at start of year$13,072,109
XI-5 Net unrealized gains (losses) on investments$1,192,518
XI-10 Net assets at end of year$13,472,359

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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