Trinitas Health Foundation
- Assets
- $15.0m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Elizabeth, NJ
- Founding
- 09/1981
- Data as of
- 12/2021
- EIN
- 22-2353773
Organization Overview
Trinitas Health Foundation is located in Elizabeth, NJ. The organization was established in 1981. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Trinitas Health Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinitas Health 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, Trinitas Health Foundation generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 0.5% 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
SOLICIT AND HOLD FUNDS FOR THE BENEFIT OF TRINITAS REGIONAL MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRINITAS REGIONAL MEDICAL CENTER CONTINUES A LONG-STANDING TRADITION OF HEALING, COMFORTING, AND NURTURING - THE ESSENCE OF HEALTHCARE. THE TRINITAS HEALTH FOUNDATION GATHERS SUPPORT FROM THE COMMUNITY TO MAKE THIS WORK POSSIBLE. THE FOUNDATION RAISES FUNDS THROUGH A NUMBER OF ACTIVITIES, INCLUDING ANNUAL APPEALS, SPECIAL APPEALS, SPECIAL EVENTS SUCH AS GOLF OUTINGS AND GALAS, MEMORIAL AND TRIBUTE GIVING, PRIVATE AND CORPORATE FOUNDATION GRANTS, AND PLANNED GIVING VEHICLES SUCH AS BEQUESTS, THE POOLED INCOME FUND AND CHARITABLE TRUSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nadine Brechner Cdo/asst Sec. (until 8/21) | Officer | 31 | $326,437 |
Laura Ciraco Cdo/asst Sec. (as Of 11/21) | Officer | 31 | $96,774 |
Gary S Horan President & CEO | OfficerTrustee | 2 | $0 |
Eli Kramer Chair | OfficerTrustee | 1 | $0 |
Ellen H Krevsky 1st Vice Chair | OfficerTrustee | 1 | $0 |
Paula Brotman 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $976,964 |
| Related organizations | $0 |
| Government grants | $971,919 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,942,424 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,891,307 |
| Total Program Service Revenue | $0 |
| Investment income | $178,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,057,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,094,463 |
| Grants and other assistance to domestic individuals. | $4,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $449,542 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,518 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,233 |
| Advertising and promotion | $0 |
| Office expenses | $2,306 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,687 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,926 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $820 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,129,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,346,363 |
| Pledges and grants receivable | $72,739 |
| 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 | $28,215 |
| Net Land, buildings, and equipment | $5,348 |
| Investments—publicly traded securities | $4,050,869 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,455,317 |
| Total assets | $14,958,851 |
| Accounts payable and accrued expenses | $55,346 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $44,090 |
| Total liabilities | $99,436 |
| Net assets without donor restrictions | $6,387,276 |
| Net assets with donor restrictions | $8,472,139 |
| 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 | $14,958,851 |
Grants Awarded
Over the last fiscal year, Trinitas Health Foundation has awarded $3,094,463 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Elizabeth, NJ PURPOSE: GENERAL SUPPORT | $3,074,963 |
Elizabeth, NJ PURPOSE: GENERAL SUPPORT | $19,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trinitas Health Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Provident Bank Foundation Inc Iselin, NJ PURPOSE: EXPANDING ACCESS TO PSYCHIATRIC CARE FOR PATIENTS WITH DEVELOPMENTAL DISORDERS | $15,000 |
Endowment Analysis
| Beg. Balance | $1,628,498 |
| Net Contributions | $81,834 |
| Ending Balance | $1,710,332 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
Lvhn Scranton Orthopedic Specialists Allentown, PA | $3,870,668 | $16,734,711 |
Guthrie Towanda Memorial Hospital Towanda, PA | $0 | $13,772,403 |
Lehigh Valley Hospital - Coordinated Health Bethlehem Allentown, PA | $0 | $23,779,920 |
Margaretville Memorial Hospital Margaretville, NY | $7,505,744 | $15,666,335 |
Shore Rehabilitation Institute Inc Brick, NJ | $9,020,027 | $18,706,830 |
Geisinger Jersey Shore Hospital Danville, PA | $29,794,644 | $19,405,127 |
Upmc Pittsburgh, PA | $6,204,114 | $10,718,414 |
Community Medical And Dental Care Monsey, NY | $10,163,630 | $17,584,178 |
Rochester Regional Health Foundation Rochester, NY | $93,100,640 | $25,028,358 |
Lourdes Cardiology Services Pc Marlton, NJ | $93,350 | $14,562,644 |
Broad Top Area Medical Center Inc Broad Top, PA | $5,548,744 | $12,291,788 |