Partners For Health Inc
- Assets
- $42.9m
- Revenue
- $835.6k
- Investments
- $41.6m
- Employees
- 4
- Location
- Montclair, NJ
- Founding
- 10/1991
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Partners For Health Inc generated $835.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Partners For Health Inc has awarded 377 individual grants totaling $13,903,630. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 ORGANIZATION 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas B Bauer Board Chair | 5 | $0 | |
Gloria Essoka First Vice Chair | 1 | $0 | |
Sara Elnakib Second Vice Chair | 1 | $0 | |
Clifford B Finkle IV Treasurer | 1 | $0 | |
Beverly Riddick Secretary | 1 | $0 | |
Lisa Amato Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,746 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,171,702 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$355,463 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $625 |
| Total Revenue | $835,610 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $162,487 |
| Other employee salaries and wages | $173,648 |
| Pension plans, employee benefits | $104,335 |
| Interest | $0 |
| Taxes | $39,568 |
| Depreciation | $2,609 |
| Occupancy | $60,624 |
| Travel, conferences, and meetings | $21,208 |
| Printing and publications | $650 |
| Other expenses | $58,021 |
| Total operating and administrative expenses | $866,949 |
| Contributions, gifts, grants paid | $1,477,106 |
| Total expenses and disbursements | $2,344,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,134,587 |
| Net Accounts receivable | $109,102 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,884 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $24,661,461 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $27,319 |
| Total assets | $42,869,085 |
| Accounts payable and accrued expenses | $64,683 |
| Grants payable | $509,145 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $19,835 |
| Total liabilities | $593,663 |
Grants Awarded
Over the last fiscal year, Partners For Health Inc has awarded $2,099,252 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES CHILDREN OF NJ PURPOSE: SPONSORSHIP | $1,000 |
AMERICAN HEART ASSOCIATION PURPOSE: MEMORIAL GIFT | $100 |
ARCHDIOCESE OF NEWARK PURPOSE: CHAPLAINCY | $88,772 |
ASSOCIATION OF FUNDRAISING PROFESSIONALS PURPOSE: AD JOURNAL | $500 |
CITY GREEN INC PURPOSE: OPERATING AND PROJECT SUPPORT | $74,700 |
COMMUNITY FOOD BANK OF NEW JERSEY PURPOSE: OPERATING SUPPORT | $120,000 |