Healthcare Foundation Of New Jersey Inc
- Assets
- $187.8m
- Revenue
- $6.3m
- Investments
- $185.6m
- Employees
- 0
- Location
- Millburn, NJ
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 22-3451664
Organization Overview
Healthcare Foundation Of New Jersey Inc is located in Millburn, NJ. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcare Foundation Of New Jersey 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, Healthcare Foundation Of New Jersey Inc generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $10.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Healthcare Foundation Of New Jersey Inc has awarded 687 individual grants totaling $50,662,875. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Bschechner ESQ Chair/trustee | 2 | $0 | |
Jay Blumenfeld Vice Chair/trustee | 2 | $0 | |
Michael D Francis Trustee | 2 | $0 | |
Ellen R Wagenberg MBA Vice Chair/trustee | 2 | $0 | |
Amy Reisen Freundlich ESQ Vice Chair/trustee | 2 | $0 | |
Donald B Rosenthal Vice Chair/trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silvercrest Asset Management Group | 12/30/22 | $79,439 |
State Street Bank | 12/30/22 | $77,436 |
Mercer Us Inc | 12/30/22 | $70,000 |
Pkf O'connor Davies | 12/30/22 | $59,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $138 |
| Dividends & Interest | $3,046,279 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,044,461 |
| Capital Gain Net Income | $5,325,309 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $165,943 |
| Total Revenue | $6,256,821 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $471,900 |
| Other employee salaries and wages | $438,175 |
| Pension plans, employee benefits | $172,337 |
| Interest | $0 |
| Taxes | $59,873 |
| Depreciation | $0 |
| Occupancy | $47,189 |
| Travel, conferences, and meetings | $2,264 |
| Printing and publications | $2,345 |
| Other expenses | $270,147 |
| Total operating and administrative expenses | $1,814,748 |
| Contributions, gifts, grants paid | $8,429,485 |
| Total expenses and disbursements | $10,244,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $515,948 |
| Savings and temporary cash investments | $1,219,570 |
| Net Accounts receivable | $0 |
| 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 | $235,949 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $181,250,562 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $136,524 |
| Total assets | $187,755,560 |
| Accounts payable and accrued expenses | $174,906 |
| Grants payable | $6,908,431 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $731,538 |
| Total liabilities | $7,814,875 |
Grants Awarded
Over the last fiscal year, Healthcare Foundation Of New Jersey Inc has awarded $15,543,792 in support to 156 organizations.
| Grant Recipient | Amount |
|---|---|
ADLER APHASIA CENTER PURPOSE: EXPANDING ACCESS TO THE APHASIA THERAPEUTIC LIFE SKILLS PROGRAM | $25,000 |
ALL STARS PROJECT INC PURPOSE: OPERATION CONVERSATION: COPS & KIDS SUPPORTING NEWARKS YOUTH THROUGH PERFORMANCE AND CONVERSATION | $12,500 |
ADLER APHASIA CENTER PURPOSE: APHASIA TELEHEALTH PROGRAM | $25,000 |
ALVIN AILEY DANCE FOUNDATION INC PURPOSE: AILEYDANCE FOR ACTIVE AGING NEWARK | $25,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: CANCER PATIENT TRANSPORTATION: GREATER IMPACT IN GREATER NEWARK THROUGH INNOVATION AND COLLABORATION | $25,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: CANCER PATIENT TRANSPORTATION: GREATER IMPACT IN GREATER NEWARK THROUGH INNOVATION AND COLLABORATION | $25,000 |