Headstrong Foundation
- Assets
- $4.8m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Holmes, PA
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 26-0283021
Organization Overview
Headstrong Foundation is located in Holmes, PA. The organization was established in 2007. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Headstrong Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Headstrong 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 12/2021, Headstrong Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 12.5% 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
HEADSTRONG FOUNDATIONS MISSION IS TO PROMOTE AWARENESS AND EDUCATION THAT SUPPORTS QUALITY OF LIFE PROGRAMS TO PATIENTS AND FAMILIES AFFECTED BY CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEADSTRONG FOUNDATION, THROUGH FUNDRAISING ACTIVITIES AND AWARENESS EVENTS, PROVIDES DIRECT SERVICE TO PATIENTS AND FAMILIES AFFECTED BY CANCER IMPROVING THEIR QUALITY OF LIFE OFFERING EMOTIONAL, PHYSICAL AND FINANCIAL SUPPORT INCLUDING COMPLIMENTARY LONG-TERM HOUSING ACCOMODATIONS THROUGH NICKS HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl A Colleluori CEO | OfficerTrustee | 80 | $131,751 |
Pasquale A Colleluori Cmo | OfficerTrustee | 40 | $123,442 |
Michael A Colleluori Vp, COO | OfficerTrustee | 50 | $111,876 |
David Calvaresi Chairperson | Trustee | 10 | $0 |
Sam Adolph Member | Trustee | 10 | $0 |
David Buckman Legal Counsel | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,426,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,426,084 |
| Total Program Service Revenue | $1,033,067 |
| Investment income | $22,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $433,552 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$10,344 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,909,703 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $272,714 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $367,069 |
| Compensation of current officers, directors, key employees. | $103,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,470 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $65,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,687 |
| Fees for services: Accounting | $14,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,157 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54,248 |
| Office expenses | $56,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,892 |
| Travel | $12,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,101 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,282 |
| Insurance | $54,876 |
| All other expenses | $0 |
| Total functional expenses | $2,669,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,889,738 |
| Savings and temporary cash investments | $1,130,984 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $209 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $50,738 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,034,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $650,486 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,757,011 |
| Accounts payable and accrued expenses | $94,690 |
| 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 | $278,354 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $373,044 |
| Net assets without donor restrictions | $4,383,967 |
| 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 | $4,757,011 |
Grants Awarded
Over the last fiscal year, Headstrong Foundation has awarded $36,025 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: Research | $20,000 |
Rye Brook, NY PURPOSE: Research | $6,025 |
Duarte, CA PURPOSE: Research | $5,000 |
Baltimore, MD PURPOSE: Patient Services | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Headstrong Foundation has recieved totaling $29,200.
| Awarding Organization | Amount |
|---|---|
Spring Meadow Foundation Downingtown, PA PURPOSE: CHARITABLE | $24,200 |
Provident Bank Foundation Inc Iselin, NJ PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |
Metrohealth Foundation Inc Cleveland, OH | $88,791,792 | $21,235,092 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
Community First Solutions Hamilton, OH | $99,479,120 | $13,306,151 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |