Inspira Health Foundation Inc
- Assets
- $35.7m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Mullica Hill, NJ
- Founding
- 05/1982
- Data as of
- 12/2022
- EIN
- 22-2333409
Organization Overview
Inspira Health Foundation Inc is located in Mullica Hill, NJ. The organization was established in 1982. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Inspira Health Foundation 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, Inspira Health Foundation Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $3.8m during the year ending 12/2022. 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
TO INSPIRE COMMUNITY GIVING TO SUPPORT INSPIRA HEALTH NETWORK AND ITS FACILITIES IN ITS MISSION TO PROVIDE THE HIGHEST QUALITY HEALTHCARE IN THE COMMUNITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF INSPIRA HEALTH NETWORK; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM, AND ITS AFFILIATES IN ITS MISSION TO PROVIDE THE HIGHEST QUALITY HEALTHCARE IN THE COMMUNITIES IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Mansue Trustee; Ex-Officio | Trustee | 55 | $0 |
Thomas P Baldosaro CPA Evp & CFO (termed 10/2022) | Officer | 55 | $0 |
Matthew Doonan ESQ SVP & Chief Legal Officer | Officer | 55 | $0 |
Peter Kaprielyan SVP Foundation | Officer | 55 | $0 |
Glenn M Dragon MD Trustee; Ex-Officio | Trustee | 25 | $0 |
Edgar G Galloway III Chair - Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $552,550 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,694,063 |
| Noncash contributions included in lines 1a–1f | $100,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,246,613 |
| Total Program Service Revenue | $0 |
| Investment income | $740,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $117,780 |
| Net Gain/Loss on Asset Sales | $310,731 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $54,400 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,470,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,486,504 |
| Grants and other assistance to domestic individuals. | $20,598 |
| 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 | $15,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,445 |
| Fees for services: Other | $114,000 |
| Advertising and promotion | $42,977 |
| Office expenses | $25,828 |
| Information technology | $46,847 |
| Royalties | $0 |
| Occupancy | $62,923 |
| Travel | $12,366 |
| 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 | $33,326 |
| Insurance | $9,604 |
| All other expenses | $0 |
| Total functional expenses | $3,849,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,525,389 |
| Savings and temporary cash investments | $22,908 |
| Pledges and grants receivable | $5,214,516 |
| 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 | $43,914 |
| Net Land, buildings, and equipment | $40,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $28,784,427 |
| Intangible assets | $0 |
| Other assets | $21,810 |
| Total assets | $35,653,355 |
| Accounts payable and accrued expenses | $211,654 |
| Grants payable | $0 |
| Deferred revenue | $11,595 |
| 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 | $1,681,650 |
| Total liabilities | $1,904,899 |
| Net assets without donor restrictions | $27,332,138 |
| Net assets with donor restrictions | $6,416,318 |
| 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 | $35,653,355 |