Salem Health And Wellness Foundation Inc
- Assets
- $34.3m
- Revenue
- $951.6k
- Investments
- $19.3m
- Employees
- 0
- Location
- Penns Grove, NJ
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 01-0625542
Organization Overview
Salem Health And Wellness Foundation Inc is located in Penns Grove, NJ. The organization was established in 2002. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Salem Health And Wellness 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, Salem Health And Wellness Foundation Inc generated $951.6k 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 (28.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (40.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Salem Health And Wellness Foundation Inc has awarded 54 individual grants totaling $6,027,886. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT - CONTRIBUTION TO GRANTMAKERS IN HEALTH TO SUPPORT THEIR MISSION - HEALTH PHILANTHROPHY - $ 2,000
PREVENTATIVE CARE: 1. GRANT TO STAND UP FOR SALEM - TO SUPPORT THEIR 10K RUN (COW RUN) - $ 3,000 2. GRANT TO BANCROFT - INITIAL FUNDING FOR NEW PROGRAM - $ 50,000 3. GRANT TO SALEM COUNTY DEPARTMENT OF HEALTH - TO SUPPORT HEALTH SCREENING PROGRAM FOR SALEM COUNTY RESIDNETS - $ 9,000 4. GRANT TO RUTGERS UNIVERSITY FOUNDATION - TO SUPPORT A GROW HEALTHY PROGRAM FOR RESIDENTS OF SALEM COUNTY, NJ - $ 55,000 5. GRANT TO NONPROFIT DEVELOPMENT CENTER OF NJ - TO SUPPORT THEIR FIRST SALEM COUNTY MEEETING OF NON-PROFIT COMMUNITY - $ 2,500 6. GRANT TO HABITAT FOR HUMANITY - FOR RE-USABLE METAL WHEEL CHAIR RAMPS - $ 20,000 7. GRANT TO PENNS GROVE COMMUNITY HOUSING CORP - SUPPORT THEIR SUMMER BASKETBALL CAMP - $ 3,000 8. GRANT TO NCADD HUDSON - PARTNERS IN PREVENTION - SUPPORT FOR A PROGRAM FOCUSING ON ANTI-SMNOKING & DRUG USE PROGRAM IN LOCAL SALEM COUNTY SCHOOLS - $ 50,000 9. GRANT TO SALEM HIGH SCHOOL - TO FUND TEEN PREVENTION EDUCATION PROGRAM (TEEN PEP) - A SEXUAL HEALTH PROGRAM - $ 13,200 10.
MATCHING GIFT PROGRAM - THE SALEM HEALTH AND WELLNESS FOUNDATION PROVIDES GENERAL OPERATING SUPPORT TO SALEM COUNTY 501(C)(3) NON-PROFIT ORGANIZATIONS OFFERING SERVICES THAT FALL WITHIN THE FOUNDATION'S CHARITABLE PURPOSES, VIA THE MATCHING GIFT PROGRAM. IN 2022, THIS PROGRAM SUPPORTED 9 SALEM COUNTY NON-PROFIT ORGANIZATIONS.
LIVE HEALTHY SALEM COUNTY INITIATIVE - TO ASSIST A COUNTY WIDE GROUP OF COMMUNITY RESIDENTS, NONPROFITS, STAKEHOLDERS,AND SERVICE PROVIDERS COMING TOGETHER TO ADDRESS THE HEALTH NEEDS OF SALEM COUNTY RESIDENTS. THE MISSION OF LIVE HEALTHY SALEM COUNTY IS TO INSPIRE RESIDENTS TO LIVE HEALTHY, PRODUCTIVE LIVES BY ENHANCING OPPORTUNITIES THAT LEAD TO A SUSTAINABLE CULTURE OF WELLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Lockbaum Trustee | 1 | $0 | |
Ann Marie Healy Herdman Trustee | 1 | $0 | |
Benjamin Griffith Trustee | 1 | $0 | |
Daniel J Delaney Trustee | 1 | $0 | |
Ralph Thomas Chair | 1 | $0 | |
Stephen Krough Vice Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sei Private Trust Company | 12/30/22 | $82,874 |
The Burd Group | 12/30/22 | $62,000 |
Drinker Biddle & Reath Llp | 12/30/22 | $67,343 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $557,079 |
| Interest on Savings | $4 |
| Dividends & Interest | $672,090 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$778,694 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $501,130 |
| Total Revenue | $951,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $142,577 |
| Other employee salaries and wages | $66,952 |
| Pension plans, employee benefits | $36,127 |
| Interest | $0 |
| Taxes | $33,548 |
| Depreciation | $2,624 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,647 |
| Printing and publications | $729 |
| Other expenses | $49,023 |
| Total operating and administrative expenses | $588,832 |
| Contributions, gifts, grants paid | $865,924 |
| Total expenses and disbursements | $1,454,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,755 |
| Savings and temporary cash investments | $1,694,436 |
| 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 | $85,067 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $20,708 |
| Other assets | $13,203,922 |
| Total assets | $34,346,821 |
| Accounts payable and accrued expenses | $47,559 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,559 |
Grants Awarded
Over the last fiscal year, Salem Health And Wellness Foundation Inc has awarded $865,924 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
SALEM HIGH SCHOOL PURPOSE: SUPPORT FOR THE TEEN PEP PROGRAM, EDUCATING TEENS ON THE PREVENTION OF TEEN PREGNANCY, HEALTHY TEEN RELATIONSHIPS AND AVOIDANCE OF STD'S | $13,200 |
GRANTMAKERS IN HEALTH PURPOSE: TO SUPPORT MISSION RELATED WORK | $2,000 |
SALEM COUNTY DEPT OF HEALTH PURPOSE: SUPPORT FOR HEALTH SCREENINGS FOR ALL SALEM COUNTY RESIDENTS | $9,000 |
NCADD HUDSON-PTRS IN PREVENTION PURPOSE: SUPPORT FOR A PROGRAM FOCUSING ON ANTI-SMOKING AND DRUG USE PROGRAM IN LOCAL SCHOOLS IN SALEM COUNTY | $50,000 |
SALEM COMMUNITY COLLEGE FOUNDATION PURPOSE: NURSING AND ALLIED HEALTH SCHOLARSHIPS FOR SALEM COUNTY RESIDENTS | $30,000 |
MEALS ON WHEELS PURPOSE: SUPPORT TO HELP MEALS ON WHEELS KEEP SALEM COUNTY RESIDENTS OFF THEIR WAITING LIST | $20,000 |