Carepoint Health Foundation Inc
- Assets
- $3.3m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Jersey City, NJ
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 45-2486602
Organization Overview
Carepoint Health Foundation Inc is located in Jersey City, NJ. The organization was established in 2012. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2022, Carepoint Health Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carepoint Health Foundation 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 12/2022, Carepoint Health Foundation Inc generated $5.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Carepoint Health Foundation Inc has awarded 26 individual grants totaling $54,564,080. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS ESTABLISHED TO STRENGTHEN ACCESS TO CARE FOR THE UNINSURED AND THE UNDERINSURED MEMBERS OF THE HUDSON COUNTY COMMUNITY. THE FOUNDATION GENERATES CHARITABLE DOLLARS AND MAKES STRATEGIC GRANTS TO SUPPORT PROGRAMS AND SERVICES THAT ADVANCE ITS MISSION IN IMPROVING ACCESS TO HEALTH, WELLNESS, HEALTH EDUCATION AND FUTURE HEALTH PROFESSIONAL'S EDUCATION SERVICES FOR RESIDENTS OF HUDSON COUNTY, NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OUTPATIENT DEPARTMENT PROGRAM AT HOBOKEN UNIVERSITY MEDICAL CENTER PROVIDES INDIVIDUAL, COUPLE, FAMILY GROUP THERAPY, AND PSYCHO-EDUCATIONAL SERVICES. THE PARTIAL HOSPITAL PROGRAM PROVIDES TREATMENT FOR INDIVIDUALS SUFFERING FROM PSYCHIATRIC DISORDERS. THE AFFILIATED EMERGENCY SERVICES PROVIDE IMMEDIATE, SHORT-TERM HELP FOR INDIVIDUALS IN DANGER OF HURTING THEMSELVES OR OTHERS OR EXPERIENCING INCREASED PSYCHIATRIC AND/OR SUBSTANCE ABUSE SYMPTOMS. THE PSYCHIATRIC EMERGENCY SERVICES PROGRAM PROVIDES 24/7 PSYCHIATRIC SCREENING AND ASSESSMENT SERVICES.
THE OUTPATIENT MENTAL HEALTH PROGRAM AT CHRIST HOSPITAL PROVIDES SHORT-TERM AND LONG-TERM THERAPY FOR INDIVIDUALS DEALING WITH DEPRESSION, GRIEF OR LOSS, ANXIETY, SERIOUS AND PERSISTENT MENTAL ILLNESS, OR MENTAL HEALTH ISSUES COMPOUNDED BY A HISTORY OF SUBSTANCE USE. THE PSYCHIATRIC EMERGENCY SERVICES PROGRAM PROVIDES 24/7 PSYCHIATRIC SCREENING AND ASSESSMENT SERVICES.
SUPPORT PROGRAMS AND SERVICES THAT ADVANCE OUR MISSION OF IMPROVING ACCESS TO HEALTH, WELLNESS, HEALTH EDUCATION AND FUTURE HEALTH PROFESSIONALS' EDUCATION SERVICES FOR RESIDENTS OF HUDSON COUNTY, NEW JERSEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Altilio Chairman | OfficerTrustee | 5 | $0 |
Eugene J Cornacchia Vice Chair | OfficerTrustee | 5 | $0 |
Joseph Caulfield Treasurer | OfficerTrustee | 5 | $0 |
Lucille Casulli Secretary | OfficerTrustee | 5 | $0 |
Henry J Amoroso Trustee | Trustee | 5 | $0 |
Isabel D Chou Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $89,076 |
| Related organizations | $0 |
| Government grants | $5,159,196 |
| All other contributions, gifts, grants, and similar amounts not included above | $601,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,849,929 |
| Total Program Service Revenue | $0 |
| Investment income | $9,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,860,629 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,147,728 |
| 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. | $393,970 |
| Compensation of current officers, directors, key employees. | $133,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,674 |
| Pension plan accruals and contributions | $9,695 |
| Other employee benefits | $52,928 |
| Payroll taxes | $32,026 |
| Fees for services: Management | $5,007 |
| Fees for services: Legal | $2,613 |
| Fees for services: Accounting | $60,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,258 |
| Advertising and promotion | $13,714 |
| Office expenses | $18,937 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,415 |
| Travel | $687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,711 |
| All other expenses | $0 |
| Total functional expenses | $5,970,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,339,494 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,957,098 |
| 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 | $1,888 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,298,480 |
| Accounts payable and accrued expenses | $2,095,203 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $262,749 |
| Total liabilities | $2,357,952 |
| Net assets without donor restrictions | $913,474 |
| Net assets with donor restrictions | $27,054 |
| 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 | $3,298,480 |
Grants Awarded
Over the last fiscal year, Carepoint Health Foundation Inc has awarded $5,147,728 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOBOKEN UNIVERSITY MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $3,598,776 |
CHRIST HOSPITAL PURPOSE: GENERAL SUPPORT | $1,548,952 |