Healthcare Businesswomens Association Inc
- Assets
- $6.9m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 31
- Location
- Fairfield, NJ
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 13-3579800
Organization Overview
Healthcare Businesswomens Association Inc is located in Fairfield, NJ. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Healthcare Businesswomens Association Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcare Businesswomens Association 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 12/2022, Healthcare Businesswomens Association Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROFESSIONAL DEVELOPMENT AND LEADERSHIP FOR WOMEN IN THE HEALTHCARE INDUSTRY WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION EMPOWERS MEMBERS AS THEY DEVELOP AND HONE THEIR PERSONAL LEADERSHIP AGENDA, KNOWLEDGE AND SKILLS. ASSOCIATION INVOLVEMENT HELPS MEMBERS REMAIN AT THE CUTTING EDGE OF MARKET TRENDS AND CREATE A NETWORK OF CONTACTS THAT ARE INSTRUMENTAL IN ACHIEVING CAREER GOALS. MEMBERS RECEIVE NETWORKING AND MENTORING OPPORTUNITIES WITH PEERS AND OTHER INDUSTRY LEADERS, EXPERIENTIAL LEARNING THROUGH VOLUNTEERISM, SUBSCRIPTION TO THE HBADVANTAGE, ACCESS TO AN ONLINE MEMBERSHIP DIRECTORY, AND PARTICIPATION IN HBA EVENTS AND WORKSHOPS.
SMALL NETWORKING EVENTS, EDUCATIONAL PROGRAMS, AND MONTHLY CHAPTER MEETING REVENUES AND EXPENSES.
THE HBA LEADERSHIP CONFERENCE IS A PREMIER PROFESSIONAL DEVELOPMENT EVENT FOR WOMEN IN THE LIFE SCIENCES AND HEALTHCARE INDUSTRY. THE ANNUAL CONFERENCE CONSISTENTLY DELIVERS INSPIRING SPEAKERS, ACTIVE LEARNING, AND RICH NETWORKING OPPORTUNITIES, LEADING TO MAJOR TRANSFORMATIONS FOR THOSE WHO PARTICIPATE AND THE COMPANIES WHO SUPPORT THEM. AS ORGANIZATIONS EMBRACE NEW WAYS OF THINKING IN ORDER TO MEET THE SOPHISTICATED EXPECTATIONS OF A GLOBAL WORLD, THIS CONFERENCE IS CRITICAL FOR SUCCESS IN SUCH A FAST-PACED, EVER CHANGING ENVIRONMENT.
EACH YEAR THE HBA FORMALLY RECOGNIZES INDIVIDUAL MEMBERS IN THE INDUSTRY THAT DEMONSTRATE EXTRAORDINARY ACHIEVEMENTS ON THE JOB. THESE HBA AWARDS HAVE ACHIEVED SUCH RECOGNITION THAT THEY ARE NOW SPECIAL ANNUAL EVENTS ATTRACTING THOUSANDS OF PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy White Interim CEO As Of February 2022 | Officer | 40 | $215,500 |
Amy Crolius Chief Operating Officer | Officer | 40 | $181,552 |
Nikki Jones Head, Diversity, Equity & | 40 | $127,236 | |
Leena Gademsky Senior Director, Information Technology | 40 | $118,110 | |
Serene Hollingsworth Director, Corp. Accounts Corp. Partner Enagement | 40 | $114,751 | |
Nancy White Communications, Senior Dir | 40 | $114,520 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Invnt Llc Annual Conference Production | 12/30/22 | $436,144 |
New York Marriott Marquis Women Of The Year Conference Lodging | 12/30/22 | $410,829 |
The Lappin Company Career Consulting | 12/30/22 | $204,773 |
Sheraton Philadelphia Downtown Annual Conference Lodging | 12/30/22 | $128,750 |
The Charles Group Event Management | 12/30/22 | $294,732 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,869,636 |
| Investment income | $15,363 |
| 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 | $6,884,999 |
| 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. | $475,389 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,871,078 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $231,693 |
| Payroll taxes | $180,832 |
| Fees for services: Management | $1,008,157 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,489 |
| Fees for services: Other | $22,386 |
| Advertising and promotion | $35,689 |
| Office expenses | $90,786 |
| Information technology | $438,403 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $129,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,803,356 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,987 |
| Insurance | $18,700 |
| All other expenses | $0 |
| Total functional expenses | $6,468,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,227,884 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $584,013 |
| 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 | $455,764 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,441,913 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $150,904 |
| Other assets | $0 |
| Total assets | $6,860,478 |
| Accounts payable and accrued expenses | $1,264,855 |
| Grants payable | $0 |
| Deferred revenue | $2,404,506 |
| 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 | $0 |
| Total liabilities | $3,669,361 |
| Net assets without donor restrictions | $3,191,117 |
| 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 | $6,860,478 |