Deborah Hospital Foundation
- Assets
- $28.1m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Browns Mills, NJ
- Founding
- 01/1975
- Data as of
- 12/2022
- EIN
- 22-2049500
Organization Overview
Deborah Hospital Foundation is located in Browns Mills, NJ. The organization was established in 1975. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Deborah Hospital Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deborah Hospital Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Deborah Hospital Foundation generated $12.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $10.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUBSTANTIAL FUNDING TO SUPPORT THE HIGHEST QUALITY OF PATIENT CARE BY DEBORAH HEART AND LUNG CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORT OF THE HIGHEST QUALITY OF PATIENT CARE BY DEBORAH HEART AND LUNG CENTER; TO PROVIDE FOR TREATMENT OF CHILDREN WITH CONGENITAL HEART DISEASE IN THE UNITED STATES AND AROUND THE WORLD; AND TO PROVIDE FOR CLINICAL RESEARCH FOR CARDIAC AND PULMONARY DISEASE. PLEASE REFER TO SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Chirichella Director - Dhlc President/ceo | OfficerTrustee | 55 | $0 |
Joseph R Manni Treasurer - Coo/dhlc VP Ops | Officer | 55 | $0 |
Stephen Toal Chief Development Officer | Officer | 55 | $230,416 |
Thomas E Drotar Major Gifts Officer | 55 | $114,110 | |
Gary Rubin Chair - Director | OfficerTrustee | 1 | $0 |
Martin H Abo CPA Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deborah Heart And Lung Center Management | 12/30/21 | $5,260,253 |
Mccarter And English Llp Legal | 12/30/21 | $144,651 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $111,186 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,287,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,398,739 |
| Total Program Service Revenue | $0 |
| Investment income | -$1,352,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$172,532 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $232,695 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,106,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,105,063 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $276,905 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $568,958 |
| Pension plan accruals and contributions | $12,364 |
| Other employee benefits | $115,243 |
| Payroll taxes | $55,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,746 |
| Fees for services: Accounting | $39,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,689 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $171,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,000 |
| Travel | $11,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,392 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,109 |
| Insurance | $38,251 |
| All other expenses | $300,109 |
| Total functional expenses | $9,973,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,652,527 |
| Pledges and grants receivable | $644,867 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,082 |
| Prepaid expenses and deferred charges | $11,546 |
| Net Land, buildings, and equipment | $1,220,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $21,897,972 |
| Intangible assets | $0 |
| Other assets | $2,638,987 |
| Total assets | $28,102,077 |
| Accounts payable and accrued expenses | $150,294 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,399,254 |
| Total liabilities | $8,549,548 |
| Net assets without donor restrictions | $11,762,379 |
| Net assets with donor restrictions | $7,790,150 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,102,077 |