THE CENTER FOR DISCOVERY ENDOWMENT FUND INC

EIN: 261234571 501(c)(3) Mental Health

HARRIS, NY

Total Revenue
$1,554,864
Total Expenses
$919,986
Total Assets
$45,716,428
Net Assets
$32,550,897
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NY
Principal Officer
DR THERESA HAMLIN
Phone
8457941400
Tax Period
2023-01-01 to 2023-12-31

THE CENTER FOR DISCOVERY ENDOWMENT FUND INC, founded in 2007, is a community nonprofit in the Mental Health sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $635K, a strong 41% operating margin.

Mission

THE CENTER FOR DISCOVERY ENDOWMENT FUND, WAS FORMED EXCLUSIVELY TO (I) PROVIDE SUPPORT AND ASSISTANCE THROUGH AID TO THE CENTER FOR DISCOVERY, INC., (CONTINUED ON SCHEDULE O)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $611,694
Program Service Revenue $0
Investment Income $943,170
Other Revenue $0
TOTAL REVENUE $1,554,864

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $919,986
TOTAL EXPENSES $919,986

Year-over-Year Comparison

2023 2022 Change
Revenue $1,554,864 $2,501,919 -0.4%
Expenses $919,986 $1,155,011 -0.2%
Net Income $634,878 $1,346,908 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
8

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
6
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD C SWEENEY CHAIRPERSON 0.17
Officer Director
$0 $0 $0
EDWARD GIANCONTIERI VICE CHAIR (THRU 12/5/23) 0.23
Officer Director
$0 $0 $0
NELLY BLY-AROUGHETI VICE CHAIR (THRU 12/5/23) 0.23
Officer Director
$0 $0 $0
EILEEN M NAUGHTON TREASURER 0.17
Officer Director
$0 $0 $0
WILLIAM MYSLINSKI PHD TREASURER (THRU 6/28/23) 0.23
Officer Director
$0 $0 $0
MICHAEL J DUBILIER SECRETARY 0.17
Officer Director
$0 $0 $0
ELLEN ALEMANY DIRECTOR 0.13
Director
$0 $0 $0
KIM RAISLER DIRECTOR 0.15
Director
$0 $0 $0
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 $1,554,864 $919,986 $45,716,428 $634,878
2022 $2,501,919 $1,155,011 $41,924,399 $1,346,908
2021 $9,279,544 $888,131 $39,600,078 $8,391,413
2020 $6,804,465 $281,209 $36,538,625 $6,523,256
2019 $1,149,541 $914,711 $24,894,242 $234,830
2018 $1,857,102 $994,652 $17,845,597 $862,450
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