Bacharach Hospital Foundation Inc
- Assets
- $35.6m
- Revenue
- $2.6m
- Investments
- $65.9k
- Employees
- 0
- Location
- Pomona, NJ
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 22-3049576
Organization Overview
Bacharach Hospital Foundation Inc is located in Pomona, NJ. The organization was established in 1991. 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. Bacharach Hospital 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, Bacharach Hospital Foundation Inc generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE CHARITABLE MISSION OF THE BACHARACH INSTITUTE FOR REHABILIATION.
Describe the Organization's Program Activity:
THE FOUNDATION SUPPORTS THE ONGOING EFFORTS OF BACHARACH INSTITUTE FOR REHABILITATION (AN EXEMPT PUBLIC CHARITY) IN PROVIDING THE HIGHEST QUALITY CARE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard J Kathrins Secretary, President/ceo | OfficerTrustee | 3.5 | $0 |
Robert A Mairone President | OfficerTrustee | 3.5 | $0 |
William F Casey III Treasurer | OfficerTrustee | 3.5 | $0 |
James J Lees Jr Director | Trustee | 3.5 | $0 |
Paulajane D'amato-Frankel Director | Trustee | 3.5 | $0 |
Roy Goldberg Director | Trustee | 3.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $116,978 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,655 |
| Total Program Service Revenue | $0 |
| Investment income | $288,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,122,369 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,558,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,333,781 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,021 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $26,847 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,712 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $261 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,480,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,131,022 |
| Pledges and grants receivable | $0 |
| 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 | $33,403,286 |
| Investments—other securities | $65,948 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,077 |
| Total assets | $35,602,333 |
| Accounts payable and accrued expenses | $71,005 |
| 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 | $0 |
| Total liabilities | $71,005 |
| Net assets without donor restrictions | $35,531,328 |
| 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 | $35,602,333 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Bacharach Hospital Foundation Inc has recieved totaling $24,582.
| Awarding Organization | Amount |
|---|---|
Ruth Newman Shapiro Cancer Memorial Fund Ventnor, NJ PURPOSE: Operating Expenses | $20,832 |
The Azeez Foundation Palm Beach Gardens, FL PURPOSE: GENERAL FUND CONTRIBUTION FOR ENTITY'S CHARITABLE PURPOSE | $2,500 |
John F Scarpa Foundation Palm Beach, FL PURPOSE: GENERAL FUND CONTRIBUTION FOR ENTITY'S CHARITABLE PURPOSE | $1,000 |
Jack M Soble Memorial Foundation West Palm Beach, FL PURPOSE: UNRESTRICTED | $250 |
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 |