Healthcare Foundation Of New Jersey Inc
- Assets
- $201.3m
- Revenue
- $11.9m
- Investments
- $193.7m
- Employees
- 0
- Location
- Millburn, NJ
- Founding
- 08/1996
- Data as of
- 12/2020
- EIN
- 22-3451664
Organization Overview
Healthcare Foundation Of New Jersey Inc is located in Millburn, NJ. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Healthcare Foundation Of New Jersey 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 12/2020, Healthcare Foundation Of New Jersey Inc generated $11.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $9.7m during the year ending 12/2020. While expenses have increased by 5.3% per year over the past 3 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.
Since 2019, Healthcare Foundation Of New Jersey Inc has awarded 531 individual grants totaling $35,119,083. 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
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefano Musolino Jr CPA CFO | 40 | $170,180 | |
Michael Schmidt Began 712021 Executive Director/ceo | 40 | $159,470 | |
Marsha I Atkind Through 6302021 Executive Director/ceo | 40 | $148,726 | |
Marcy Felsenfeld Sr. Program Officer | 40 | $125,000 | |
Lisa Block Sr. Program Officer | 40 | $122,098 | |
Walter K Maier Grants Administrator | 40 | $73,229 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
State Street Bank | 12/30/21 | $87,556 |
Pkf O'connor Davies | 12/30/21 | $71,450 |
Mercer Us Inc | 12/30/21 | $70,000 |
Silvercrest Asset Management Group | 12/30/21 | $54,508 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $636 |
| Dividends & Interest | $2,384,114 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,490,670 |
| Capital Gain Net Income | $7,615,252 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,571 |
| Total Revenue | $11,925,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $426,957 |
| Other employee salaries and wages | $420,281 |
| Pension plans, employee benefits | $166,070 |
| Interest | $0 |
| Taxes | $261,118 |
| Depreciation | $0 |
| Occupancy | $42,262 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $140,367 |
| Total operating and administrative expenses | $1,889,163 |
| Contributions, gifts, grants paid | $7,802,364 |
| Total expenses and disbursements | $9,691,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,997 |
| Savings and temporary cash investments | $6,984,096 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $434,579 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $109,472,006 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,999 |
| Total assets | $201,281,752 |
| Accounts payable and accrued expenses | $209,036 |
| Grants payable | $2,943,306 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $997,298 |
| Total liabilities | $4,149,640 |
Grants Awarded
Over the last fiscal year, Healthcare Foundation Of New Jersey Inc has awarded $14,598,814 in support to 146 organizations.
| Grant Recipient | Amount |
|---|---|
Newark, NJ PURPOSE: THE HEALTHCARE FOUNDATION OF NEW JERSEY EMERGENCY SERVICES PAVILION AT NEWARK BETH ISRAEL MEDICAL CENTER | $4,000,000 |
Newark, NJ PURPOSE: THE HEALTHCARE FOUNDATION OF NEW JERSEY EMERGENCY SERVICES PAVILION AT NEWARK BETH ISRAEL MEDICAL CENTER | $1,000,000 |
Elizabeth, NJ PURPOSE: THE HEALTHCARE FOUNDATION OF NEW JERSEY INTERVENTIONAL RADIOLOGY SUITE | $750,000 |
CLARA MAASS MEDICAL CENTER FOUNDATION PURPOSE: CLARA MAASS MEDICAL CENTER MRI SUITE | $575,000 |
Elizabeth, NJ PURPOSE: THE HEALTHCARE FOUNDATION OF NJ CENTER FOR COMPLEX PSYCHIATRIC DISORDERS | $500,000 |
Elizabeth, NJ PURPOSE: THE HEALTHCARE FOUNDATION OF NJ CENTER FOR COMPLEX PSYCHIATRIC DISORDERS | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |