Holy Name Health Care Foundation Inc
- Assets
- $17.3m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Teaneck, NJ
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 22-2737143
Organization Overview
Holy Name Health Care Foundation Inc is located in Teaneck, NJ. The organization was established in 1946. 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, Holy Name Health Care Foundation Inc employed 9 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Name Health Care 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 12/2021, Holy Name Health Care Foundation Inc generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $10.5m during the year ending 12/2021. 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 RAISE FUNDS TO SUPPORT THE CHARITABLE PURPOSE OF HOLY NAME MEDICAL CENTER, A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN RAISING FUNDS TO SUPPORT THE CHARITABLE PURPOSES OF HOLY NAME MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathleen Davey Foundation President/vp Dev | Officer | 55 | $575,523 |
Holly T Schepisi Former Officer | 0 | $300,000 | |
Deanna Breglia Avp, Development | 55 | $173,890 | |
Cynthia Gorey Avp, Development | 55 | $172,031 | |
John M Geraghty Chairperson - Trustee | OfficerTrustee | 1 | $0 |
Ryan Kennedy CPA Evp/cfo | Officer | 55 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $217,744 |
| Related organizations | $0 |
| Government grants | $2,805,465 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,621,574 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,644,783 |
| Total Program Service Revenue | $0 |
| Investment income | $19,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $596,157 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $9,803 |
| Net Income from Sales of Inventory | -$156,713 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,113,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,499,702 |
| Grants and other assistance to domestic individuals. | $3,710 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $619,583 |
| Compensation of current officers, directors, key employees. | $75,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $703,917 |
| Pension plan accruals and contributions | $5,677 |
| Other employee benefits | $44,065 |
| Payroll taxes | $61,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,715 |
| Fees for services: Other | $272 |
| Advertising and promotion | $0 |
| Office expenses | $12,366 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,067 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $545 |
| Insurance | $0 |
| All other expenses | $193,140 |
| Total functional expenses | $10,458,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $960,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,407,411 |
| Accounts receivable, net | $877,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,842 |
| Prepaid expenses and deferred charges | $129,421 |
| Net Land, buildings, and equipment | $1,097 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $12,862,740 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,275,210 |
| Accounts payable and accrued expenses | $329,703 |
| Grants payable | $0 |
| Deferred revenue | $22,000 |
| 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 | $14,821,704 |
| Total liabilities | $15,173,407 |
| Net assets without donor restrictions | -$15,738,910 |
| Net assets with donor restrictions | $17,840,713 |
| 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 | $17,275,210 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Holy Name Health Care Foundation Inc has recieved totaling $39,829.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,328 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $11,000 |
American Endowment Foundation Hudson, OH PURPOSE: HEALTH, GENERAL | $10,000 |
Amy Klette Newman Foundation New York, NY PURPOSE: TO FUND NORMAL OPERATIONS | $5,000 |
Weinshel-Goldfarb Foundation Inc Ridgewood, NJ PURPOSE: CHARITABLE | $1,500 |
Csk Charitable Foundation Englewood Cliffs, NJ PURPOSE: MEDICAL | $1,000 |
Endowment Analysis
| Beg. Balance | $15,610,076 |
| Earnings | $856,502 |
| Net Contributions | $7,095,637 |
| Other Expense | $5,740,030 |
| Ending Balance | $17,822,185 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooks-Tlc Hospital System Inc Dunkirk, NY | $43,332,954 | $53,462,246 |
Grove City Medical Center Pittsburgh, PA | $19,315,788 | $24,381,583 |
Windber Hospital Inc Windber, PA | $34,243,981 | $47,877,066 |
J C Blair Memorial Hospital Huntingdon, PA | $69,376,054 | $51,183,184 |
Titusville Area Hospital Titusville, PA | $32,246,845 | $54,133,545 |
Memorial Hospital Albany Ny Albany, NY | $0 | $44,731,508 |
Hudson Valley Cardiovascular Practice Pc Poughkeepsie, NY | $15,329,648 | $43,703,701 |
Clearfield Hospital Clearfield, PA | $57,734,677 | $49,178,126 |
Eagleville Hospital Eagleville, PA | $95,214,492 | $47,803,555 |
City Of Philadelphia Ttee Administering Wills Eye Institute Philadephia, PA | $137,162,653 | $37,442,119 |
Schuyler Hospital Inc Montour Falls, NY | $54,341,361 | $39,968,023 |
Soldiers & Sailors Memorial Penn Yan, NY | $51,512,161 | $38,410,105 |