Health Research & Educational Trust Of New Jersey
- Assets
- $5.9m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Princeton, NJ
- Founding
- 03/1978
- Data as of
- 12/2022
- EIN
- 22-6064970
Organization Overview
Health Research & Educational Trust Of New Jersey is located in Princeton, NJ. The organization was established in 1978. As of 12/2022, Health Research & Educational Trust Of New Jersey employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Research & Educational Trust Of New Jersey 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, Health Research & Educational Trust Of New Jersey generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 8 years. 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
THE HEALTH RESEARCH AND EDUCATIONAL TRUST OF NEW JERSEY WAS ESTABLISHED IN 1964 BY THE NEW JERSEY HOSPITAL ASSOCIATION (NJHA). THE TRUST'S MISSION IS TO ENGAGE IN RESEARCH AND EDUCATIONAL ACTIVITIES THAT SUPPORT HEALTHCARE PROVIDERS IN DELIVERING ACCESSIBLE, AFFORDABLE, AND QUALITY CARE AND IN FOSTERING WELLNESS IN THEIR COMMUNITIES. THE TRUST QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ITS INCOME IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH, QUALITY & STAFFING: HRET RESEARCH AND QUALITY PROVIDE LEADERSHIP IN HEALTHCARE QUALITY AND SAFETY. HRET AT A STATE LEVEL HAS COMMITTED TO EDUCATION AND RESEARCH EFFORTS TO IMPROVE THE CARE OF PATIENTS AND FOCUSING ON MATERNAL AND CHILD HEALTH, QUALITY IMPROVEMENT AND PATIENT SAFETY, HEALTHCARE RESOURCES, MENTAL HEALTH & SUBSTANCE ABUSE, INCLUDING THE GARDEN STATE PATIENT SAFETY CENTER.
EDUCATION: HRET EDUCATION PROVIDES CONTINUING EDUCATION PROGRAMS FOR TRUSTEES, CEO'S, MANAGERS, ETC., WORKING IN THE NEW JERSEY HEALTHCARE ORGANIZATIONS AND COMMUNITIES. EDUCATION DESIGNS, PROVIDES WORKSHOPS, CONFERENCES, SEMINARS AND WEBINARS, AND OFFERS CONTINUING EDUCATION CREDITS TO A VARIETY OF DISCIPLINES. THESE CONTINUING EDUCATION PROGRAMS ADDRESS A BROAD SPECTRUM OF HEALTHCARE TOPICS. THESE INCLUDE, BUT ARE NOT LIMITED TO IMPROVING TRANSITIONS OF CARE ACROSS THE CONTINUUM, QUALITY IMPROVEMENT THROUGH COMMUNITY ORGANIZING: EQUIPPING LEADERS FOR A NEW HEALTH SYSTEM, PERINATAL MORBIDITY AND MORTALITY, AND SUICIDE & STIGMA: TAKING THE CONVERSATION OUT OF THE SHADOWS.
DATA REPORTER: HRET DATA REPORTER HELPS NEW JERSEY HOSPITALS TO ENHANCE THEIR QUALITY OF CARE AND PATIENT SAFETY, AND IMPROVE THE ACCURACY AND RELIABILITY OF PATIENT DATA INFORMATION COLLECTED AT REGISTRATION.COLLECTS HOSPITAL UNIFORM DATA FOR ANALYSIS BY THE HEALTHCARE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John T Gribbin Chairman | Trustee | 1 | $0 |
Alan R Pope Vice Chairman | Trustee | 1 | $0 |
Mary Ellen Clyne Trustee Class Of 2022 | Trustee | 1 | $0 |
Kathleen Kaminsky Trustee Class Of 2022 | Trustee | 1 | $0 |
Elizabeth Sheridan Trustee Class Of 2022 | Trustee | 1 | $0 |
Warren E Moore Trustee Class Of 2022 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prassas Consulting Llc Consulting | 12/30/22 | $317,200 |
Infection Control Consulting Services Consulting | 12/30/22 | $110,261 |
Mental Health Association In New Jersey Consulting | 12/30/22 | $106,353 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,687,426 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,859,383 |
| Total Program Service Revenue | $908,730 |
| Investment income | $94,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,920,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $639,794 |
| Pension plan accruals and contributions | $50,074 |
| Other employee benefits | $55,835 |
| Payroll taxes | $61,658 |
| 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 | $6,136 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,500 |
| Office expenses | $9,004 |
| Information technology | $15,000 |
| Royalties | $18,992 |
| Occupancy | $6,607 |
| Travel | $1,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,873 |
| Interest | $0 |
| Payments to affiliates | $448,945 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $104,054 |
| All other expenses | $0 |
| Total functional expenses | $2,591,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,011,463 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $355,970 |
| 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 | $70,806 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,802,364 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $648,552 |
| Total assets | $5,889,155 |
| Accounts payable and accrued expenses | $395,569 |
| Grants payable | $0 |
| Deferred revenue | $84,397 |
| 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 | $50,996 |
| Total liabilities | $530,962 |
| Net assets without donor restrictions | $5,358,193 |
| 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 | $5,889,155 |
Grants Awarded
Over the last fiscal year, Health Research & Educational Trust Of New Jersey has awarded $234,925 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE COLLEGE OF NEW JERSEY PURPOSE: PILOT PROGRAM THRU GRANT | $50,000 |
RUTGERS UNIV - NEWARK PURPOSE: PILOT PROGRAM THRU GRANT | $55,000 |
RUTGERS UNIV - CAMDEN PURPOSE: PILOT PROGRAM THRU GRANT | $50,000 |
CENTRAL JERSEY FAMILY HEALTH CONSORTIUM PURPOSE: PILOT PROGRAM THRU GRANT | $73,925 |
COOPER UNIV HEALTH CARE PURPOSE: pilot PROGRAM THRU GRANT | $6,000 |