Trinitas Foundation
- Assets
- $15.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Oceanport, NJ
- Founding
- 09/1981
- Data as of
- 12/2022
- EIN
- 22-2353773
Organization Overview
Trinitas Foundation is located in Oceanport, NJ. The organization was established in 1981. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Trinitas 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, Trinitas Foundation generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. 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 SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF TRINITAS REGIONAL MEDICAL CENTER; A RELATED IRC SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORT OF THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF TRINITAS REGIONAL MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary S Horan Fache Trustee - Trmc President/ceo | OfficerTrustee | 55 | $0 |
Karen Lumpp Asst Treasurer-Trmc Svp/cfo | Officer | 55 | $0 |
Laura Ciraco Cdo/assistant Secretary | Officer | 55 | $0 |
Nadine Brechner Former Officer | 55 | $0 | |
Eli Kramer Chair - Trustee | OfficerTrustee | 1 | $0 |
Ellen H Krevsky 1st Vice Chair - Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $502,411 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,862,860 |
| Noncash contributions included in lines 1a–1f | $61,120 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,365,271 |
| Total Program Service Revenue | $0 |
| Investment income | $308,590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $15,483 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,689,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,615,666 |
| 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. | $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 | $20,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,424 |
| Advertising and promotion | $0 |
| Office expenses | $45,470 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,914 |
| Travel | $397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,964 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,181 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,705,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,608,722 |
| Pledges and grants receivable | $13,000 |
| 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 | $11,760 |
| Net Land, buildings, and equipment | $16,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,718,843 |
| Intangible assets | $0 |
| Other assets | $21,149 |
| Total assets | $15,389,954 |
| Accounts payable and accrued expenses | $813 |
| 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 | $103,145 |
| Total liabilities | $103,958 |
| Net assets without donor restrictions | $5,942,994 |
| Net assets with donor restrictions | $9,343,002 |
| 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 | $15,389,954 |
Grants Awarded
Over the last fiscal year, Trinitas Foundation has awarded $3,094,463 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITAS REGIONAL MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $3,074,963 |
TRINITAS HEALTHCARE CORPORATION PURPOSE: GENERAL SUPPORT | $19,500 |