Health Care Institute Of New Jersey Inc
- Assets
- $2.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Trenton, NJ
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 22-3442528
Organization Overview
Health Care Institute Of New Jersey Inc is located in Trenton, NJ. The organization was established in 0000. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2021, Health Care Institute Of New Jersey Inc employed 5 individuals. Health Care Institute Of New Jersey Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Health Care Institute Of New Jersey Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AWARENESS, UNDERSTANDING AND PUBLIC SUPPORT FOR THE RESEARCH-BASED PHARMACEUTICAL AND MEDICAL TECHNOLOGY INDUSTRY AMONG NEW JERSEY'S ELECTED AND APPOINTED OFFICIALS, MEDIA, CITIZENS AND OPINION LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED SCHEDULE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Paranicas President | Officer | 40 | $497,530 |
Steven Issenman Sr Vice President | Officer | 40 | $176,866 |
Haskell Berman Sr Vice President | Officer | 40 | $161,162 |
Elizabeth Woody Vice Chair | OfficerTrustee | 0.2 | $0 |
Charles Leitgeb Treasurer | OfficerTrustee | 0.2 | $0 |
Chris Lepore Chairman | OfficerTrustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,315,124 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,360,124 |
| Total Program Service Revenue | $0 |
| Investment income | $62,345 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,422,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $835,558 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $150,246 |
| Payroll taxes | $46,384 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,611 |
| Travel | $6,937 |
| 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 | $522 |
| Insurance | $0 |
| All other expenses | $6,774 |
| Total functional expenses | $1,519,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,135 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $6,584 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,743,844 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,261,563 |
| Accounts payable and accrued expenses | $79,030 |
| Grants payable | $0 |
| Deferred revenue | $323,590 |
| 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 | $390,888 |
| Total liabilities | $793,508 |
| Net assets without donor restrictions | $1,468,055 |
| Net assets with donor restrictions | $0 |
| 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 | $2,261,563 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Health Care Institute Of New Jersey Inc has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Jersey Behavioral Health Associates Inc Oceanport, NJ | $4,455,141 | $15,257,783 |
Centerlight Healthcare Diagnostic And Treament Center Flushing, NY | $1,185,155 | $16,151,605 |
New York Dental Affiliates Pc New York, NY | $0 | $15,517,970 |
Merakey Montgomery County Lafayette Hill, PA | $6,362,296 | $14,598,796 |
Ub Family Medicine Inc Buffalo, NY | $5,045,310 | $14,069,368 |
University Ophthalmology Services Inc Buffalo, NY | $5,863,038 | $9,615,865 |
Health Services Of Clarion Inc Butler, PA | $1,886,701 | $6,401,684 |
St Francis Medical Associates P A Trenton, NJ | $104,573 | $1,340,448 |
Touro University Medical Group New York, NY | $997,785 | $2,285,654 |
New Margaret Hague Womens Health Institute Jersey City, NJ | $1,050 | $2,306,384 |
Guildnet Inc New York, NY | $19,412,415 | $7,701,521 |
Heritage Valley-Upmc Multispecialty Group Inc Pittsburgh, PA | $208,187 | $951,370 |