Liberty Healthcare System Foundation Inc
- Assets
- $5.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Oceanport, NJ
- Founding
- 02/1993
- Data as of
- 12/2021
- EIN
- 22-3113911
Organization Overview
Liberty Healthcare System Foundation Inc is located in Oceanport, NJ. The organization was established in 1993. According to its NTEE Classification (T31) the organization is classified as: Community 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. Liberty Healthcare System 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, Liberty Healthcare System Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 6.5% 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
TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF JERSEY CITY MEDICAL CENTER; A RELATED IRC SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORT OF THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF JERSEY CITY MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Nevins Mccann ESQ Chair - Trustee | OfficerTrustee | 1 | $0 |
Maryellen J Mclaughlin Vice Chair - Trustee | OfficerTrustee | 1 | $0 |
James Caulfield Secretary - Trustee | OfficerTrustee | 1 | $0 |
Suraj Kaufman Treasurer - Trustee | OfficerTrustee | 1 | $0 |
Nicole Kagan VP Development | Officer | 50 | $0 |
Glenn Miller Rwjbh Chief Dev. Officer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,885 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,407,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,482,945 |
| Total Program Service Revenue | $1,191,271 |
| Investment income | $24,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,806 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,695,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,113,545 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,100 |
| Advertising and promotion | $0 |
| Office expenses | $35,908 |
| Information technology | $13,124 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $66 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,220 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,047,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $155,710 |
| Pledges and grants receivable | $1,903,611 |
| 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 | $7,224 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,518,462 |
| Intangible assets | $0 |
| Other assets | $1,661,895 |
| Total assets | $5,247,302 |
| Accounts payable and accrued expenses | $11,102 |
| 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 | $314,200 |
| Total liabilities | $325,302 |
| Net assets without donor restrictions | $297,000 |
| Net assets with donor restrictions | $4,625,000 |
| 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 | $5,247,302 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Liberty Healthcare System Foundation Inc has recieved totaling $43,832.
| Awarding Organization | Amount |
|---|---|
New Jersey Family Planning League Inc Newark, NJ PURPOSE: PURPOSE OF THE GRANT IS FOR THE SUB RECIPIENT TO CARRY OUT THE TITLE X PROGRAM REQUIREMENTS. | $34,902 |
Central Jersey Family Health Consortium Inc North Brunswick, NJ PURPOSE: SAFE KIDS PROGRAM | $6,500 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $600 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $600 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $600 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Chester County Community Foundation Inc West Chester, PA | $86,163,241 | $21,195,715 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
Lehigh Valley Community Foundation Allentown, PA | $80,747,413 | $16,923,036 |
Rossin Foundation Pittsburgh, PA | $44,448,122 | $6,161,535 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |