Princeton Healthcare System Foundation Inc
- Assets
- $85.8m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Plainsboro, NJ
- Founding
- 04/1981
- Data as of
- 06/2022
- 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 06/2022, Princeton Healthcare System Foundation Inc generated $11.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. 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 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 |
|---|---|---|---|
Barry S Rabner Former Dir - Pres/ceo | 0 | $0 | |
James G Demetriades Dir - Pres & CEO | OfficerTrustee | 5 | $0 |
Guilherme Valladares MBA SVP & CFO - Asst. Treas. | Officer | 1 | $0 |
Hyona Revere Director, Asst Sec. | OfficerTrustee | 1 | $0 |
Rameck R Hunt MD Director | Trustee | 55 | $0 |
Rachel P Dultz MD Director | Trustee | 55 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $215,575 |
| Related organizations | $75,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,809,372 |
| Noncash contributions included in lines 1a–1f | $131,377 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,099,947 |
| Total Program Service Revenue | $1,524,010 |
| Investment income | -$57,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,182,704 |
| Net Income from Fundraising Events | -$1,824 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,747,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,413,125 |
| Grants and other assistance to domestic individuals. | $2,088 |
| 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 | $108,896 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,395 |
| Advertising and promotion | $0 |
| Office expenses | $38,312 |
| Information technology | $59,624 |
| Royalties | $0 |
| Occupancy | $212,640 |
| Travel | $1,655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,171 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,811 |
| Insurance | $1,584 |
| All other expenses | $65,403 |
| Total functional expenses | $3,319,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,184,613 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $908,071 |
| 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 | $37,150 |
| Net Land, buildings, and equipment | $237,070 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $77,431,812 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,798,716 |
| Accounts payable and accrued expenses | $68,947 |
| 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 | $700,202 |
| Total liabilities | $769,149 |
| Net assets without donor restrictions | $49,016,667 |
| Net assets with donor restrictions | $36,012,900 |
| 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 | $85,798,716 |