Healthcare Educational & Research Fund Inc
- Assets
- $50.9k
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 14
- Location
- Rensselaer, NY
- Founding
- 11/1963
- Data as of
- 12/2022
- EIN
- 14-6022409
Organization Overview
Healthcare Educational & Research Fund Inc is located in Rensselaer, NY. The organization was established in 1963. As of 12/2022, Healthcare Educational & Research Fund Inc employed 14 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 12/2022, Healthcare Educational & Research Fund Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 21.1% 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
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.
EDUCATIONAL PROGRAMS AND OTHER CONSULTING.
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 MOTHER CABRINI HEALTH FOUNDATION. THE PURPOSE OF THE PROJECT IS TO WORK WITH THE HEALTH SYSTEMS TO ADDRESS HEALTH DISPARITIES BY ADVANCING HEALTHCARE EQUITY AND INCLUSION THROUGH EDUCATION AND TRAINING. HERF PROVIDED HOSPITALS AND HEALTH SYSTEMS WITH EDUCATION, DATA ANALYSIS, AND TAILORED COMMUNITY-BASED INTERVENTIONS TO ADDRESS DISPARITIES. EDUCATION, RESOURCES, AND SUPPORT WERE PROVIDED TO THOSE WHO WORK DIRECTLY WITH THE COMMUNITY TO IMPROVE OUTCOMES FOR ALL PATIENTS, BUT ESPECIALLY UNDERSERVED AND DISADVANTAGED NEW YORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Boynton Trustee | Trustee | 0.2 | $0 |
John Carrigg Trustee | Trustee | 0.2 | $0 |
Susan Holliday Trustee | Trustee | 0.2 | $0 |
Steven Goldstein Trustee | Trustee | 0.2 | $0 |
Laura Forese MD MPH Trustee | Trustee | 0.2 | $0 |
Thomas Quatroche PHD Trustee / Past-Chair | Trustee | 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 | $2,677,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,677,714 |
| Total Program Service Revenue | $542,823 |
| 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 | $3,220,537 |
| 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. | $22,656 |
| Compensation of current officers, directors, key employees. | $22,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,000,752 |
| Pension plan accruals and contributions | $65,078 |
| Other employee benefits | $129,335 |
| Payroll taxes | $80,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,463,505 |
| Advertising and promotion | $3,612 |
| Office expenses | $14,827 |
| Information technology | $325,855 |
| Royalties | $0 |
| Occupancy | $69,424 |
| Travel | $3,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,726 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,179 |
| All other expenses | $0 |
| Total functional expenses | $3,220,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,916 |
| 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 | $0 |
| 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 | $50,916 |
| Accounts payable and accrued expenses | $27,302 |
| Grants payable | $0 |
| Deferred revenue | $1,154,727 |
| 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 | $2,918,209 |
| Total liabilities | $4,100,238 |
| 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 | $50,916 |