Princeton Healthcare System Foundation Inc
- Assets
- $85.3m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Plainsboro, NJ
- Founding
- 04/1981
- Data as of
- 06/2021
- EIN
- 22-2225911
Organization Overview
Princeton Healthcare System Foundation Inc is located in Plainsboro, NJ. The organization was established in 1981. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Healthcare System Foundation Inc 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 06/2021, Princeton Healthcare System Foundation Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FINANCIALLY SUPPORT AND PROMOTE THE MISSION OF PRINCETON HEALTHCARE SYSTEM, A NEW JERSEY NONPROFIT; AN INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin L Butts Jr Dir - Secretary - Thru 2/24/21 | OfficerTrustee | 1 | $0 |
W Thomas Gutowski Director - Chair | OfficerTrustee | 1 | $0 |
Hyona Revere Director, Asst Sec. | OfficerTrustee | 1 | $0 |
Leonard J Berlik Vice Chair/treas-Thru 2/21 | OfficerTrustee | 1 | $0 |
James G Demetriades Dir - Pres & CEO - As 4/1/2021 | OfficerTrustee | 5 | $0 |
Suresh C Chugh Director - Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $151,235 |
| Related organizations | $77,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,450,090 |
| Noncash contributions included in lines 1a–1f | $58,761 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,678,825 |
| Total Program Service Revenue | $1,706,238 |
| Investment income | $19,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,127,769 |
| Net Income from Fundraising Events | -$24,449 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,508,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,545,289 |
| Grants and other assistance to domestic individuals. | $5,486 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $101,688 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,226 |
| Advertising and promotion | $0 |
| Office expenses | $24,845 |
| Information technology | $51,744 |
| Royalties | $0 |
| Occupancy | $218,286 |
| Travel | $1,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,017 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,144 |
| Insurance | $1,948 |
| All other expenses | $155,463 |
| Total functional expenses | $3,431,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,965,688 |
| Savings and temporary cash investments | $1,743,509 |
| Pledges and grants receivable | $1,387,843 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $33,002 |
| Net Land, buildings, and equipment | $248,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $77,934,216 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,312,857 |
| Accounts payable and accrued expenses | $93,180 |
| 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 | $338,727 |
| Total liabilities | $431,907 |
| Net assets without donor restrictions | $50,065,651 |
| Net assets with donor restrictions | $34,815,299 |
| 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 | $85,312,857 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Princeton Healthcare System Foundation Inc has recieved totaling $212,000.
| Awarding Organization | Amount |
|---|---|
Curtis W Mcgraw Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $50,000 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: Nurses Golf Outing Sponsorship | $47,550 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $33,350 |
The@macmillan Family Foundation Inc New York, NY PURPOSE: GENERAL PURPOSE | $25,000 |
Smith Family Foundation Inc Princeton, NJ PURPOSE: FOR CHARITABLE PURPOSE | $20,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $12,500 |
Endowment Analysis
| Beg. Balance | $53,949,097 |
| Earnings | $23,333,990 |
| Net Contributions | $3,611,417 |
| Other Expense | $3,057,417 |
| Ending Balance | $77,837,087 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Monmouth Medical Center Foundation Inc Oceanport, NJ | $47,507,975 | $18,905,693 |
New York And Presbyterian Hospitals Healthcare System Inc New York, NY | $3,724,021 | $13,051,406 |
Concordia Lutheran Ministriesfoundation Cabot, PA | $226,432,111 | $36,499,919 |