The Quest Diagnostics Foundation Inc
- Assets
- $69.4m
- Revenue
- $305.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Secaucus, NJ
- Founding
- 07/1991
- Data as of
- 12/2023
- EIN
- 22-3093807
Organization Overview
The Quest Diagnostics Foundation Inc is located in Secaucus, NJ. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quest Diagnostics 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 12/2023, Quest Diagnostics Foundation Inc generated $305.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $11.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Quest Diagnostics Foundation Inc has awarded 80 individual grants totaling $33,975,715. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $305,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $305,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $263 |
| Total operating and administrative expenses | $450,263 |
| Contributions, gifts, grants paid | $11,387,220 |
| Total expenses and disbursements | $11,837,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,783 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $20,300,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $48,950,000 |
| Total assets | $69,366,783 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $6,326,494 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $900 |
| Total liabilities | $6,327,394 |
Grants Awarded
Over the last fiscal year, The Quest Diagnostics Foundation Inc has awarded $11,387,220 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: EXPANSION OF THE HBCU SCHOLARS PROGRAM; ESTABLISHMENT OF A SCHOLARS PROGRAM AT INSTITUTIONS OF HIGHER LEARNING SERVING HISPANIC STUDENTS; COVID-19 RELIEF THROUGH FEDERALLY QUALIFIED HEALTH CENTERS (EACH AN "FQHC"); AND HYPERTENSION RELIEF AND MANAGEMENT THROUGH FQHCS. | $1,297,979 |
AMERICARES FOUNDATION INC PURPOSE: TO SUPPORT TARGETED INITIATIVES OVER 24 MONTHS THAT BUILD CAPACITY, STRENGTHEN HEALTH SYSTEMS AND ADVANCE HEALTH EQUITY IN THE NATIONAL FREE AND CHARITABLE CLINIC SECTOR. | $467,500 |
BREAD OF LIFE INC PURPOSE: TO DECREASE SOCIAL BARRIERS TO HEALTHCARE FOR VULNERABLE POPULATIONS AND COMMUNITIES IN HOUSTON, TEXAS. | $2,090,000 |
COMMUNITY E CONSULT NETWORK INC PURPOSE: CONFERMED PROVIDES HIGH-QUALITY, SPECIALTY ECONSULTS, WITHIN DAYS OF THE REQUEST THROUGH A SINGLE, COMPREHENSIVE PLATFORM THAT INTEGRATES SEAMLESSLY INTO A PRIMARY CARE PRACTICE'S EXISTING SPECIALTY REFERRAL PROCESS. | $945,620 |
HEALTHY NEWSWORKS PURPOSE: TO FUND AN EXPANSION OF AN EXISTING PROGRAM WITH MORE STAFF AND TECHNOLOGY TO REACH MORE STUDENTS. | $75,000 |
LONE STAR CIRCLE OF CARE PURPOSE: LSCC'S CLINCIAL OPERATIONS AT THE PROJECT HEADWATERS CAMPUS WILL SERVE A BROAD, UNDERSERVED, LARGELY RURAL POPULATION INCLUDING CHILDREN, ADULTS, AND SENIORS IN A STATE-OF-THE-ART, RENOVATED BUILDING THOUGHTFULLY DESIGNED TO HOUSE PATIENT-CENTERED, INTERGENERATIONAL SERVICES TO ADDRESS PATIENTS' NEEDS IN A CONVENIENT, HOLISTIC MANNER. | $101,342 |