Englewood Hospital And Medical Center Foundation Inc
- Assets
- $99.8m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Englewood, NJ
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 22-3367281
Organization Overview
Englewood Hospital And Medical Center Foundation Inc, operating under the name Englewood Health Foundation, is located in Englewood, NJ. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Englewood 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 12/2022, Englewood Health Foundation generated $13.1m 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 (4.0%) each year. All expenses for the organization totaled $10.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP PRIVATE RESOURCES TO SUPPORT THE CAPITAL, ENDOWMENT AND ANNUAL OPERATING NEEDS OF ENGLEWOOD HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF ENGLEWOOD HEALTH AND AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM ("SYSTEM") IN ITS MISSION TO PROVIDE THE HIGHEST QUALITY HEALTHCARE IN THE COMMUNITIES IT SERVES. IN PARTICULAR, ENGLEWOOD HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION THAT 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 |
|---|---|---|---|
Warren Geller President/ceo Eng Health | Officer | 5 | $0 |
Anthony T Orlando Trustee; Evp Finance/cfo | Trustee | 1 | $0 |
Debra Albanese Evp Foundation | Officer | 55 | $403,917 |
Alexandra Gottdiener MD Trustee | Trustee | 1 | $0 |
Richard Goldweit MD Trustee | Trustee | 1 | $0 |
Michael Gutter Chairman - Trustee | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
On The Mark Communications Llc Graphic Design | 12/30/22 | $475,327 |
Evention Inc Event Planning | 12/30/22 | $168,004 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,255,212 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,927,017 |
| Noncash contributions included in lines 1a–1f | $228,779 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,182,229 |
| Total Program Service Revenue | $0 |
| Investment income | $816,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $123,692 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $5,280 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,128,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,664,367 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $423,512 |
| Compensation of current officers, directors, key employees. | $105,878 |
| 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 | $16,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $502,432 |
| Advertising and promotion | $55,954 |
| Office expenses | $444,348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,284 |
| Travel | $259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,986 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,000 |
| Insurance | $0 |
| All other expenses | $35,434 |
| Total functional expenses | $10,079,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,537 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,385,916 |
| 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 | $74,121 |
| Net Land, buildings, and equipment | $283,507 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $70,058,879 |
| Intangible assets | $0 |
| Other assets | $506,496 |
| Total assets | $99,844,456 |
| Accounts payable and accrued expenses | $140,673 |
| Grants payable | $0 |
| Deferred revenue | $1,535,113 |
| 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 | $277,220 |
| Total liabilities | $1,953,006 |
| Net assets without donor restrictions | $2,324,517 |
| Net assets with donor restrictions | $95,566,933 |
| 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 | $99,844,456 |
Grants Awarded
Over the last fiscal year, Englewood Hospital And Medical Center Foundation Inc has awarded $3,013,276 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ENGLEWOOD HOSPITAL AND MEDICAL CENTER PURPOSE: OPERATING EXPENSE REIMBURSEMENT | $892,531 |
ENGLEWOOD HOSPITAL AND MEDICAL CENTER PURPOSE: CAPITAL EXPENDITURES | $2,098,245 |
ENGLEWOOD HOSPITAL AND MEDICAL CENTER PURPOSE: SCHOLARSHIPS | $22,500 |