Healthcare Educational & Research Fund Inc
- Assets
- $46.8k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Rensselaer, NY
- Founding
- 11/1963
- Data as of
- 12/2021
- EIN
- 14-6022409
Organization Overview
Healthcare Educational & Research Fund Inc is located in Rensselaer, NY. The organization was established in 1963. As of 12/2021, Healthcare Educational & Research Fund Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcare Educational & Research Fund 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 12/2021, Healthcare Educational & Research Fund Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 7.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OFFER EDUCATION, RESEARCH, & GRANTS TO SUPPORT THE MISSION OF THE HEALTHCARE ASSOCIATION OF NYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERF WAS AWARDED A GRANT TO PROVIDE CRITICAL SERVICES TO NEW YORK HOSPITALS DURING THE COVID-19 CRISIS. THE PROGRAM HELPED PROTECT AND EASE THE BURDEN OF FRONTLINE WORKERS AT NEW YORK HOSPITALS BY FUNDING THE PURCHASE OF PERSONAL PROTECTIVE EQUIPMENT, ADDITIONAL EQUIPMENT AND SUPPLIES, STAFF EDUCATION, TRAINING AND SUPPORT ACTIVITIES, AND EXPENSES RELATED TO TRANSPORTATION, ACCOMMODATIONS AND MEALS FOR NON-PHYSICIAN FRONTLINE HOSPITAL WORKERS.
HERF PLANNED AND MANAGED A WIDE VARIETY OF EDUCATIONAL PROGRAMS, SEMINARS, AND BRIEFINGS FOR THE HOSPITAL AND NURSING HOME MEMBERS OF HANYS. TOPICS COVERED INCLUDED MANAGED CARE, BEHAVIORAL HEALTH, THE INTERPRETATION AND STRATEGIC USE OF HEALTHCARE DATA AND INFORMATION, LEADERSHIP AND SUPERVISION, QUALITY IMPROVEMENT, CONTINUING CARE, EMERGENCY PREPAREDNESS, NEW YORK STATE AND FEDERAL HEALTHCARE POLICY, AND HEALTH INFORMATION TECHNOLOGY.
HERF WAS AWARDED A GRANT, FUNDED BY THE NYS HEALTH FOUNDATION, THE SAMUELS FOUNDATION AND THE HEALTH FOUNDATION FOR WESTERN AND CENTRAL NEW YORK. THE PURPOSE OF THE PROJECT IS TO WORK WITH THE HEALTH SYSTEMS TO BECOME AGE-FRIENDLY, IMPROVING CARE FOR PATIENTS, FAMILIES, CAREGIVERS, AND HEALTHCARE PROVIDERS. THE FIRST CONTRACT ENDED OCTOBER 2021, AT WHICH POINT NEW YORK COMMUNITY TRUST JOINED FOR THE SECOND YEAR OF THE CONTRACT, EXPECTED TO END OCTOBER 2023.
EDUCATIONAL PROGRAMS AND OTHER CONSULTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Manny Vice President | 50 | $135,783 | |
Mary Kay Hayes Chief Financial Officer | Officer | 1.8 | $10,998 |
Marie B Grause President | Officer | 0.3 | $5,556 |
Courtney Burke Chief Operating Officer | Officer | 0.1 | $1,288 |
Bruce Flanz Chair | OfficerTrustee | 0.2 | $0 |
Jose Acevedo MD Secretary | OfficerTrustee | 0.2 | $0 |
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 | $676,656 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $676,656 |
| Total Program Service Revenue | $503,521 |
| 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 | $1,180,177 |
| 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. | $21,298 |
| Compensation of current officers, directors, key employees. | $21,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $625,380 |
| Pension plan accruals and contributions | $45,399 |
| Other employee benefits | $72,330 |
| Payroll taxes | $49,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,195 |
| 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 | $6,990 |
| Information technology | $83,616 |
| Royalties | $0 |
| Occupancy | $32,999 |
| Travel | $296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $549 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,781 |
| All other expenses | -$23,458 |
| Total functional expenses | $1,182,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $46,164 |
| 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 | $666 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,830 |
| Accounts payable and accrued expenses | $21,178 |
| Grants payable | $0 |
| Deferred revenue | $2,612,617 |
| 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 | $1,462,357 |
| Total liabilities | $4,096,152 |
| Net assets without donor restrictions | -$4,049,322 |
| 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 | $46,830 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Healthcare Educational & Research Fund Inc has recieved totaling $2,813,303.
| Awarding Organization | Amount |
|---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: COVID-19 EMERGENCY GRANTS PROGRAM RENEWAL | $1,500,000 |
Mother Cabrini Health Foundation New York, NY PURPOSE: ADVANCING HEALTHCARE EXCELLENCE AND INCLUSION | $999,964 |
New York State Health Foundation New York, NY PURPOSE: BUILDING AN AGE-FRIENDLY HEALTH SYSTEM: NEW YORK STATE PHASE 2 | $171,662 |
New York State Health Foundation New York, NY PURPOSE: ESTABLISHING A NEW YORK STATE PATHWAY TO PERSON-CENTERED CARE CERTIFICATION | $49,979 |
New York State Health Foundation New York, NY PURPOSE: BUILDING AN AGE-FRIENDLY HEALTH SYSTEM: NEW YORK STATE PHASE 2 | $42,916 |
Mother Cabrini Health Foundation New York, NY PURPOSE: ADDRESSING HEALTHCARE DISPARITIES THROUGH EDUCATION AND LEADERSHIP | $33,997 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Imperatives Inc Brockton, MA | $4,033,830 | $14,059,212 |
Community Health Law Project South Orange, NJ | $1,920,515 | $6,510,576 |
State Legislative Leaders Marstons Mills, MA | $6,407,523 | $3,615,798 |
Health Research & Educational Trust Of New Jersey Princeton, NJ | $6,730,327 | $2,873,918 |
Susan P Byrnes Health Education Center Inc York, PA | $10,337,919 | $2,572,524 |
Healthcare Educational & Research Fund Inc Rensselaer, NY | $46,830 | $1,180,177 |
Episcopal Ministries Of Long Island Garden City, NY | $14,549,145 | $957,910 |
Berkshire Area Health Education Center Inc Dalton, MA | $601,315 | $589,957 |
Allegheny County Medical Society Foundation Wm Weisser Et Al Truste Pittsburgh, PA | $7,161,564 | $400,805 |
Chinese American Medical Society New York, NY | $3,127,243 | $324,901 |
Western New York Educational Service Council West Seneca, NY | $164,706 | $294,498 |
Hellenic Medical Society Of New York Inc Brooklyn, NY | $907,370 | $122,742 |