Overview

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Est.

2011

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Long Island College Hospital Malpractice Trust, identified by EIN 32-6175766, is a nonprofit organization focused on hospital care and health. Its mission is to allocate funds for settling medical malpractice and general liability cases incurred between July 1, 2004, and May 29, 2011, when LICH conveyed its assets to SUNY Downstate under court approval. With an operating budget of $303.6K and total revenue of $1.2M for the 2024 filing year, the organization does not rely on a single funder for 50% or more of its revenue.

Mission Statement

FUNDS ARE TO BE USED TO RUNOFF BOTH LICH'S MEDICAL MALPRACTICE AND GENERAL LIABILITY CASES INCURRED DURING THE PERIOD OF JULY 1, 2004 THROUGH MAY 29, 2011, AT WHICH DATE LICH CONVEYED ITS ASSETS TO SUNY DOWNSTATE PURSUANT TO COURT APPROVAL.
Revenues
$1.2M
Expenses
$303.6K
Net Income:
+$937.8K
Assets
$29.8M
Liabilities
$29.8M
Net Assets:
+$0
Operating Budget
$303.6K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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D
Dominic J Lodato
Board Member
N
Nancy Margro
Executive
D
Daniel Lodato
Board Member

Frequently Asked Questions

What is THE LONG ISLAND COLLEGE HOSPITAL MALPRACTICE TRUST’s budget?
In 2024, THE LONG ISLAND COLLEGE HOSPITAL MALPRACTICE TRUST reported an annual operating budget of around $304 thousand. More detailed financial information is available to registered users.
What causes does THE LONG ISLAND COLLEGE HOSPITAL MALPRACTICE TRUST support?
THE LONG ISLAND COLLEGE HOSPITAL MALPRACTICE TRUST supports work in Hospital care and Health.
Where does THE LONG ISLAND COLLEGE HOSPITAL MALPRACTICE TRUST operate?
THE LONG ISLAND COLLEGE HOSPITAL MALPRACTICE TRUST is headquartered in New York, NY.