St Peters Foundation
- Assets
- $13.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New Brunswick, NJ
- Founding
- 12/1982
- Data as of
- 12/2021
- EIN
- 22-2329197
Organization Overview
St Peters Foundation is located in New Brunswick, NJ. The organization was established in 1982. 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. St Peters Foundation 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, St Peters Foundation generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS & SERVICES OF ST. PETER'S HEALTHCARE SYSTEM WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF SAINT PETER'S UNIVERSITY HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Samuel Pe Pp Cme Chairman - Trustee | OfficerTrustee | 1 | $0 |
Dani El-Haj Vice Chairman - Trustee | OfficerTrustee | 1 | $0 |
Garrick J Stoldt Fhfma CPA Treasurer - CFO Sphcs | Officer | 55 | $0 |
Alyssa A Verderami ESQ Vp; Legal & Risk Mgmt | Officer | 55 | $0 |
James S Choma VP Catholic Mission & Cdo | Officer | 55 | $0 |
Leslie D Hirsch Fache Trustee | Trustee | 55 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $583,031 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,676,591 |
| Noncash contributions included in lines 1a–1f | $15,340 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,259,622 |
| Total Program Service Revenue | $0 |
| Investment income | $64,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,352 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $25,765 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,410,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,214,433 |
| Grants and other assistance to domestic individuals. | $37,228 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,690 |
| Advertising and promotion | $0 |
| Office expenses | $71,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,501 |
| Travel | $182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,497,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,403,807 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $177,276 |
| 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 | $399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,454,396 |
| Intangible assets | $0 |
| Other assets | $95,473 |
| Total assets | $13,131,351 |
| Accounts payable and accrued expenses | $31,385 |
| Grants payable | $0 |
| Deferred revenue | $191,000 |
| 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 | $179,180 |
| Total liabilities | $401,565 |
| Net assets without donor restrictions | $2,523,899 |
| Net assets with donor restrictions | $10,205,887 |
| 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 | $13,131,351 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that St Peters Foundation has recieved totaling $16,736.
| Awarding Organization | Amount |
|---|---|
Brain Foundation Pleasanton, CA PURPOSE: MEDICAL RESEARCH | $15,000 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $236 |
Endowment Analysis
| Beg. Balance | $9,612,289 |
| Earnings | $650,981 |
| Net Contributions | $840,977 |
| Other Expense | $898,360 |
| Ending Balance | $10,205,887 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Monmouth Medical Center Foundation Inc Oceanport, NJ | $47,507,975 | $18,905,693 |
New York And Presbyterian Hospitals Healthcare System Inc New York, NY | $3,724,021 | $13,051,406 |
Concordia Lutheran Ministriesfoundation Cabot, PA | $226,432,111 | $36,499,919 |