Partners For Health Inc
- Assets
- $39.7m
- Revenue
- $3.3m
- Investments
- $6.0m
- Employees
- 4
- Location
- Montclair, NJ
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 22-3122804
Organization Overview
Partners For Health Inc is located in Montclair, NJ. The organization was established in 1991. 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 12/2021, Partners For Health Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners For Health 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 12/2021, Partners For Health Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Partners For Health Inc has awarded 273 individual grants totaling $10,570,599. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PARTNER TO ADVANCE HEALTH EQUITY THROUGH LEARNING, GRANTMAKING, AND ADVOCATING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERS FOR HEALTH, INC. ("THE FOUNDATION") IS A NOT-FOR-PROFIT FOUNDATION INCORPORATED IN THE STATE OF NEW JERSEY. THE FOUNDATION WORKS TOWARD A VISION OF HELPING THE 15 COMMUNITIES IN ITS SERVICE AREA TO THRIVE AND, IN PARTICULAR, TO ENSURE HEALTH FOR ALL IN THOSE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Scott Executive Director | Officer | 50 | $161,000 |
Beverly M Riddick Secretary | OfficerTrustee | 1 | $0 |
Joel Jeffrey Treasurer | OfficerTrustee | 1 | $0 |
Douglas B Bauer Chair | OfficerTrustee | 5 | $0 |
Gloria Essoka Vice Chair | OfficerTrustee | 1 | $0 |
Robert L Erickson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $114,389 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,141 |
| Total Program Service Revenue | $0 |
| Investment income | $746,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $243,359 |
| Net Gain/Loss on Asset Sales | $1,982,803 |
| Net Income from Fundraising Events | -$1,867 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,304,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,031,154 |
| Grants and other assistance to domestic individuals. | $22,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $161,000 |
| Compensation of current officers, directors, key employees. | $38,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,322 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,446 |
| Payroll taxes | $27,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,336 |
| Fees for services: Accounting | $21,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,000 |
| Fees for services: Investment Management | $134,391 |
| Fees for services: Other | $26,094 |
| Advertising and promotion | $9,413 |
| Office expenses | $5,719 |
| Information technology | $15,824 |
| Royalties | $0 |
| Occupancy | $57,301 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,717 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,993 |
| Insurance | $12,661 |
| All other expenses | $0 |
| Total functional expenses | $1,948,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,587,337 |
| Pledges and grants receivable | $36,194 |
| 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 | $25,961 |
| Net Land, buildings, and equipment | $1,363,775 |
| Investments—publicly traded securities | $30,705,807 |
| Investments—other securities | $6,008,047 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,200 |
| Total assets | $39,734,321 |
| Accounts payable and accrued expenses | $26,410 |
| Grants payable | $725,822 |
| Deferred revenue | $20,553 |
| 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 | $0 |
| Total liabilities | $772,785 |
| Net assets without donor restrictions | $32,535,097 |
| Net assets with donor restrictions | $6,426,439 |
| 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 | $39,734,321 |
Grants Awarded
Over the last fiscal year, Partners For Health Inc has awarded $1,063,130 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Clifton, NJ PURPOSE: GENERAL OPERATING FUNDS & HEALTHY FOOD ACCESS | $180,000 |
Montclair, NJ PURPOSE: GENERAL OPERATING FUNDS & HEALTHY FOOD ACCESS | $136,000 |
Montclair, NJ PURPOSE: TACKLING RACISM & SCHOOL-PARENT NAVIGATOR PROGRAM | $116,677 |
West Nyack, NY PURPOSE: GENERAL OPERATING FUNDS & HEALTHY FOOD ACCESS | $70,400 |
New York, NY PURPOSE: GENERAL OPERATING FUNDS & HEALTHY FOOD ACCESS | $62,000 |
Newark, NJ PURPOSE: CHAPLAINCY | $55,483 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Partners For Health Inc has recieved totaling $5,512.
| Awarding Organization | Amount |
|---|---|
Stephen & Mary Birch Foundation Inc Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Louis M Plansoen Foundation Las Vegas, NV PURPOSE: GENERAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Endowment Analysis
| Beg. Balance | $4,403,453 |
| Earnings | $242,899 |
| Net Contributions | $500 |
| Other Expense | $78,945 |
| Ending Balance | $4,567,907 |
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 |