Feinstein Health Fund Inc
- Assets
- $21.1m
- Revenue
- $794.2k
- Investments
- $9.3m
- Employees
- 0
- Location
- Springfield, NJ
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 27-4408507
Organization Overview
Feinstein Health Fund Inc is located in Springfield, NJ. The organization was established in 2011. According to its NTEE Classification (G48) the organization is classified as: Brain Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feinstein Health Fund 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 12/2023, Feinstein Health Fund Inc generated $794.2k 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 (19.8%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Feinstein Health Fund Inc has awarded 16 individual grants totaling $2,630,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Feinstein President | 0 | $0 | |
Richard Feinstein Treasurer | 0 | $0 | |
Jeffrey Feinstein Vp, Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,409 |
| Dividends & Interest | $441,573 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $341,239 |
| Capital Gain Net Income | $341,239 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $794,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115,771 |
| Total operating and administrative expenses | $115,771 |
| Contributions, gifts, grants paid | $1,490,000 |
| Total expenses and disbursements | $1,605,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,298,339 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,452,928 |
| Total assets | $21,053,581 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Feinstein Health Fund Inc has awarded $1,490,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HEAD INJURY FOUNDATION PURPOSE: GENERAL SUPPORT | $200,000 |
NORTHWELL HEALTH PURPOSE: GENERAL SUPPORT | $250,000 |
FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH PURPOSE: GENERAL SUPPORT | $290,000 |
MOUNT SINAI HEALTH SYSTEM PURPOSE: GENERAL SUPPORT | $200,000 |
MORSE LIFE FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |
JCCA PURPOSE: GENERAL SUPPORT | $50,000 |