Hunterdon Healthcare Foundation Inc
- Assets
- $18.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Flemington, NJ
- Founding
- 06/1986
- Data as of
- 12/2022
- EIN
- 22-2526895
Organization Overview
Hunterdon Healthcare Foundation Inc is located in Flemington, NJ. The organization was established in 1986. 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. Hunterdon Healthcare 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 12/2022, Hunterdon Healthcare Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $2.6m 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
SEEKS GIFTS AND GRANTS FROM INDIVIDUALS, CORP'S, FDN.'S AND OTHER SOURCES TO ASSIST HUNTERDON MEDICAL CTR, HUNTERDON REG. COMM HEALTH & HUNTERDON HEALTHCARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SEEKING GIFTS AND GRANTS FROM INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND OTHER SOURCES TO ASSIST HUNTERDON MEDICAL CENTER AND ITS AFFILIATED NON-PROFIT ORGANIZATIONS, SUCH AS HUNTERDON REGIONAL COMMUNITY HEALTH AND HUNTERDON HOSPICE, IN FULFILLING THEIR MISSION TO MEET THE COMMUNITY'S NEED FOR HIGH QUALITY HEALTHCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick J Gavin MPH MBA Trustee - Hhs President/ceo | OfficerTrustee | 50 | $0 |
Herbert White Hhs CFO | Officer | 50 | $0 |
Philippe M Beekman Senior VP | Officer | 50 | $0 |
Suzanne Schwanda Chair - Trustee | OfficerTrustee | 1 | $0 |
Loren Spann Vice Chair - Trustee | OfficerTrustee | 1 | $0 |
Kate Hughes Secretary - Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $240,727 |
| Related organizations | $55,300 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,186,862 |
| Noncash contributions included in lines 1a–1f | $15,569 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,482,889 |
| Total Program Service Revenue | $0 |
| Investment income | $186,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,639,928 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $5,206 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,035,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $657,025 |
| Grants and other assistance to domestic individuals. | $89,559 |
| 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 | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $95,705 |
| Office expenses | $189,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,882 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,641,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $639,284 |
| Pledges and grants receivable | $2,901,713 |
| 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 | $15,000 |
| Net Land, buildings, and equipment | $26,050 |
| Investments—publicly traded securities | $11,018,504 |
| Investments—other securities | $0 |
| Investments—program-related | $3,726,321 |
| Intangible assets | $0 |
| Other assets | $250 |
| Total assets | $18,327,122 |
| Accounts payable and accrued expenses | $203,496 |
| 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 | $1,565,728 |
| Total liabilities | $1,769,224 |
| Net assets without donor restrictions | $2,035,933 |
| Net assets with donor restrictions | $14,521,965 |
| 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 | $18,327,122 |
Grants Awarded
Over the last fiscal year, Hunterdon Healthcare Foundation Inc has awarded $657,025 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTERDON MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $506,926 |
HUNTERDON HOSPICE INC PURPOSE: GENERAL SUPPORT | $150,099 |