Foundation For Health Advancement Inc
- Assets
- $238.8k
- Revenue
- $29.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 07/2016
- Data as of
- 06/2021
- EIN
- 81-2316726
Organization Overview
Foundation For Health Advancement Inc is located in Princeton, NJ. The organization was established in 2016. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Foundation For Health Advancement 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 06/2021, Foundation For Health Advancement Inc generated $29.6k in total revenue. All expenses for the organization totaled $417.5k during the year ending 06/2021. While expenses have increased by 94.5% per year over the past 4 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
TO SOLICIT CONTRIBUTIONS FROM THE GENERAL PUBLIC TO PROVIDE GRANTS TO HIGH SCHOOLS TO SUPPORT SCIENCE,TECHNOLOGY ENGINEERING, AND MATHEMATICS PROGRAMS AND GRANTS TO RESEARCHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SOLICITED CONTRIBUTIONS TO FUND ITS GRANT PROGRAM TO SUPPORT HIGH SCHOOL STEM PROGRAMS DURING ITS ONLINE SEMINARS. FOUR GRANTS WERE PROVIDED TO HIGH SCHOOL STEM PROJECTS IN NJ. A VIRTUAL PROGRAM FOR HIGH SCHOOL STUDENTS INTERESTED IN STEM CAREERS WAS HELD DURING THE YEAR.
CHARITABLE GIFT DISTRIBUTIONS TO QUALIFIED CHARITABLE ORGANIZATIONS MADE IN ACCORDANCE WITH RECOMMENDATIONS MADE BY DONORS.
INNOVATION GRANTS ARE PROVIDED TO RESEARCHERS AT AFFILIATED UNIVERSITIES FOR PROOF OF CONCEPT PRIOR TO STARTING A COMPANY WITH AN INVESTMENT BY FVCG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Brown Sherman Secretary | OfficerTrustee | 1 | $0 |
George F Heinrich MD CEO And Vice Chair | OfficerTrustee | 2 | $0 |
Dean Janeway Chair | OfficerTrustee | 1 | $0 |
Aggie Worthington Vice President Finance | Officer | 10 | $0 |
James M Golubieski President | Officer | 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 | $26,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,545 |
| Total Program Service Revenue | $0 |
| Investment income | $3,023 |
| 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 | $29,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $335,304 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,670 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $431 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $33,100 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $417,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,504 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $85,300 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $238,804 |
| Accounts payable and accrued expenses | $0 |
| 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 | $591,319 |
| Total liabilities | $591,319 |
| Net assets without donor restrictions | -$558,318 |
| Net assets with donor restrictions | $205,803 |
| 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 | $238,804 |
Grants Awarded
Over the last fiscal year, Foundation For Health Advancement Inc has awarded $290,119 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Princeton, NJ PURPOSE: Research grants to support specific research and technology at Princeton University. | $158,957 |
RUTGERS UNIVERSITY PURPOSE: Research grants to support specific research and technology at Rutgers University. | $92,711 |
New York, NY PURPOSE: Grant to support the mission of the organization: building and preserving affordable homes with families in need. | $15,000 |
ROWAN UNIVERSITY PURPOSE: Research grants to support specific research and technology at Rowan University School of Osteopathic Medicine at Rowan University. | $13,451 |
RUTGERS UNIVERSITY FOUNDATION PURPOSE: Grant to provide scholarships to students. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Health Advancement Inc has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Allergan Foundation North Chicago, IL PURPOSE: ALLERGAN FOUNDATION INNOVATION GRANT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Gift Fund Wilmington, DE | $439,949,657 | $191,491,973 |
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |
Jewish Federation Of Greater Metrowest Nj Whippany, NJ | $148,757,737 | $46,864,442 |