The Connecticut Healthcare Research & Education Foundation Incorp
- Assets
- $8.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Wallingford, CT
- Founding
- 07/1966
- Data as of
- 04/2023
- EIN
- 06-0890298
Organization Overview
The Connecticut Healthcare Research & Education Foundation Incorp is located in Wallingford, CT. The organization was established in 1966. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Connecticut Healthcare Research & Education Foundation Incorp 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 04/2023, Connecticut Healthcare Research & Education Foundation Incorp generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.1m during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION PROGRAMS AND RESEARCH TO FOSTER HEALTHCARE DELIVERY BY HOSPITAL AND HEALTHCARE ORGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT SAFETY ORGANIZATION (PSO) - A PROGRAM WHICH ASSISTS 27 HOSPITALS IN IMPROVING PATIENT SAFETY THROUGH INFORMATION SHARING AND COLLABORATION.
EDUCATION PROGRAMS - 2,910 INDIVIDUALS ATTENDED 37 PROGRAMS CONDUCTED IN THE TOPIC AREAS OF LEADERSHIP, MANAGEMENT, POLICY, PATIENT SAFETY, QUALITY, ACCREDITATION, REGULATORY AND CODING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher M O'connor Chairman | OfficerTrustee | 1 | $0 |
Patrick A Charmel Vice Chairman | OfficerTrustee | 1 | $0 |
John M Murphy MD Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Vincent G Capece Treasurer | OfficerTrustee | 1 | $0 |
Jeffrey A Flaks Secretary | OfficerTrustee | 1 | $0 |
Jennifer Jackson President And CEO | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seal-tite Products Inc Roof Manufacture And Installation Services | 4/29/18 | $276,322 |
Wb Mason Co Inc Supplies Provision Services | 4/29/18 | $334,080 |
Yves Ouellette Contractor Contracting Services | 4/29/18 | $268,457 |
Press Ganey Associates Inc Healthcare Performance Analytics And Strategic Advisory Solutions | 4/29/18 | $433,461 |
Emcor Services New England Mechanical Mechanical And Electrical Construction Services | 4/29/18 | $170,482 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,468,309 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,715,530 |
| Total Program Service Revenue | $650,298 |
| Investment income | $0 |
| 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 | $2,365,828 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $811,679 |
| Pension plan accruals and contributions | $35,226 |
| Other employee benefits | $118,260 |
| Payroll taxes | $60,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,450 |
| 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 | $93,833 |
| Advertising and promotion | $2,967 |
| Office expenses | $12,568 |
| Information technology | $323,903 |
| Royalties | $0 |
| Occupancy | $24,521 |
| Travel | $6,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,823 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,292 |
| Insurance | $0 |
| All other expenses | $479 |
| Total functional expenses | $2,066,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,714 |
| 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 | $52,557 |
| Net Land, buildings, and equipment | $7,916,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,214 |
| Total assets | $8,141,337 |
| Accounts payable and accrued expenses | $238,310 |
| Grants payable | $0 |
| Deferred revenue | $338,817 |
| 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 | $5,100,214 |
| Total liabilities | $5,677,341 |
| Net assets without donor restrictions | $2,463,996 |
| 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 | $8,141,337 |