KALEIDA HEALTH FOUNDATION

EIN: 161579143 501(c)(3) Health Care

BUFFALO, NY

Total Revenue
$1,682,308
Total Expenses
$6,150,044
Total Assets
$41,135,409
Net Assets
$24,111,480
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
CAROL HORTON
Phone
7168818260
Tax Period
2023-01-01 to 2023-12-31

KALEIDA HEALTH FOUNDATION, founded in 1999, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $6.2M exceeded revenue, resulting in a 266% operating deficit.

Mission

TO SOLICIT, MAINTAIN, & ENHANCE THE VALUE OF PUBLIC CONTRIBUTIONS TO PROVIDE FINANCIAL SUPPORT TO KALEIDA HEALTH IN THEIR MISSION TO ADVANCE THE HEALTH OF OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $4,857,929

THE ORGANIZATION IS A NOT-FOR-PROFIT CHARITABLE FOUNDATION SUPPORTING THE FOLLOWING DIVISIONS UNDER KALEIDA HEALTH, A RELATED TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM: BUFFALO GENERAL MEDICAL...

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THE ORGANIZATION IS A NOT-FOR-PROFIT CHARITABLE FOUNDATION SUPPORTING THE FOLLOWING DIVISIONS UNDER KALEIDA HEALTH, A RELATED TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM: BUFFALO GENERAL MEDICAL CENTER DEGRAFF MEMORIAL HOSPITAL MILLARD FILLMORE SUBURBAN HOSPITAL GATES VASCULAR INSTITUTE HIGHPOINTE ON MICHIGAN THE ORGANIZATION ALSO SUPPORTS THE VISITING NURSES ASSOCIATION OF WNY, AN AFFILIATE HOME HEALTH CARE AGENCY.WITH SUPPORT FROM ITS' BOARD OF DIRECTORS AND THE MANY VOLUNTEERS, THE ORGANIZATION RAISES GIFTS IN THE FORM OF CASH, STOCKS, ESTATE GIFTS, CORPORATE GIFTS AND GRANTS FROM PRIVATE FOUNDATIONS.BY FOSTERING CHARITABLE RELATIONSHIPS AND INCREASING PHILANTHROPY, THE ORGANIZATION SUPPORTS KALEIDA HEALTH IN ITS' MISSION TO ADVANCE THE HEALTH OF OUR COMMUNITY EVERY DAY THROUGH EXCEPTIONAL CARE, EDUCATION AND RESEARCH.THE PRIMARY PROGRAMS AND ACTIVITIES OF THE ORGANIZATION INCLUDE:1. KALEIDA BALL - AN ANNUAL DINNER THAT IS A PREMIER FUNDRAISER FOR KALEIDA HEALTH AND ITS AFFILIATES. THE FOUNDATION SOLICITS PATRONS AND ATTENDEES IN ADVANCE OF THE EVENT AS WELL AS CONDUCT OVERALL ACTIVITIES DURING THE EVENT INCLUDING DINNER AND ENTERTAINMENT. THE HIGHLIGHT OF THE EVENING INCLUDES THE PRESENTATION OF THE SPIRIT AWARD WHICH RECOGNIZES LOCAL INDIVIDUALS FOR THEIR SIGNIFICANT AND SPIRITED SUPPORT OF KALEIDA HEALTH AND FOR THEIR DEDICATION TO IMPROVE THE HEALTH OF THE WESTERN NEW YORK COMMUNITY. FUNDRAISING FOR THIS EVENT TOOK PLACE IN 2022 AND EARLY 2023 AND HELD ON JANUARY 7TH, 2023. THE EVENT RAISED A NET INCOME OF $188,858 FOR GATES VASCULAR INSTITUTE AND THE HOPKINS ENDOWMENT FUND.2. KALEIDA CLASSIC - AN ANNUAL GOLF TOURNAMENT TO RAISE FUNDS TO SUPPORT THE FOUNDATION AND KALEIDA HEALTH. THE FOUNDATION SOLICITS PATRONS AND PARTICIPANTS IN ADVANCE OF THE TOURNAMENT AS WELL AS CONDUCT OVERALL ACTIVITIES DURING THE EVENT. THE 2023 EVENT WAS HELD ON JULY 10TH AT WANAKAH COUNTRY CLUB AND PROCEEDS TO BENEFIT THE MILLARD FILLMORE SUBURBAN RENOVATION PROJECT OF THE MOTHER BABY UNIT. THE EVENT RAISED A NET INCOME OF $129,985.3. TEE OFF FOR TOTS GOLF TOURNAMENT - AN ANNUAL GOLF TOURNAMENT TO RAISE FUNDS TO SUPPORT THE CHILDREN WHO LIVE AT THE HIGHPOINTE ON MICHIGAN PEDIATRIC PAVILION. THE FOUNDATION SOLICITS PATRONS AND PARTICIPANTS IN ADVANCE OF THE TOURNAMENT AS WELL AS CONDUCT OVERALL ACTIVITIES DURING THE EVENT. IN SEPTEMBER 2023, THE 29TH YEAR, ON SEPTEMBER 9H, THEY WERE AT THE NIAGARA FALLS COUNTRY CLUB, THE EVENT RAISED A NET OF $37,288 TO HELP THE RENOVATION EFFORTS.A SIGNIFICANT PORTION OF THE OPERATING ACTIVITY REFLECTED BY THE ORGANIZATION OCCURS WITHIN THE SPECIAL PURPOSE FUNDS. IN MANY CASES THE USE OF THESE FUNDS IS EITHER PERMANENTLY OR TEMPORARILY RESTRICTED BY THE DONOR. SEE SCHEDULE D, PART V FOR FURTHER DETAIL REGARDING THESE FUNDS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $843,749
Program Service Revenue $0
Investment Income $482,428
Other Revenue $356,131
TOTAL REVENUE $1,682,308

Expense Breakdown

Grants Paid $4,396,818
Salaries & Benefits $768,518
Fundraising Expenses $0
Program Expenses $4,857,929
Other Expenses $984,708
TOTAL EXPENSES $6,150,044

Year-over-Year Comparison

2023 2022 Change
Revenue $1,682,308 $4,426,025 -0.6%
Expenses $6,150,044 $8,775,976 -0.3%
Net Income $-4,467,736 $-4,349,951 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
14
Employees
5
Volunteers
102

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$389,925
Total Directors
18
$389,925
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY VAETH CHAIR 1.00
Director
$0 $0 $0
NICOLE TZETZO VICE CHAIR 1.00
Director
$0 $0 $0
MARC ROSENTHAL SECRETARY 1.00
Director
$0 $0 $0
PAUL BROWN TREASURER 1.00
Director
$0 $0 $0
RACHEL CAPPELLINO DIRECTOR 1.00
Director
$0 $0 $0
MARK COLLARD DIRECTOR 1.00
Director
$0 $0 $0
BRIAN CONNOLLY DIRECTOR 1.00
Director
$0 $0 $0
JA'NAY JONES DIRECTOR (THRU APRIL 2023) 1.00
Director
$0 $0 $0
SEAN KEENAN DIRECTOR (THRU DEC 2023) 1.00
Director
$0 $0 $0
JOE MANZELLA DIRECTOR 1.00
Director
$0 $0 $0
MIKE MCMAHON DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA MERTZ DIRECTOR 1.00
Director
$0 $0 $0
PHILIP PANTANO DIRECTOR 1.00
Director
$0 $0 $0
JAMES ROONEY DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA SABUDA DIRECTOR 1.00
Director
$0 $0 $0
SARAH TANBAKUCHI DIRECTOR 1.00
Director
$0 $0 $0
ROBERT WALTER DIRECTOR (THRU MARCH 2023) 1.00
Director
$0 $0 $0
CAROL HORTON VICE PRESIDENT 40.00
Officer Director
$358,027 $31,898 $389,925
CHRISTOPHER JORDAN DIRECTOR DEVELOPMENT 40.00
Highest
$170,021 $20,648 $190,669
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,682,308 $6,150,044 $41,135,409 $-4,467,736
2022 $4,426,025 $8,775,976 $44,474,725 $-4,349,951
2021 $6,911,970 $11,893,349 $51,635,674 $-4,981,379
2020 $4,353,361 $8,322,021 $46,040,798 $-3,968,660
2019 $7,584,209 $11,051,003 $46,443,045 $-3,466,794
2018 $6,911,109 $8,954,101 $47,907,289 $-2,042,992
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