Foundation For Health Advancement Inc
- Assets
- $510.3k
- Revenue
- $68.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 07/2016
- Data as of
- 06/2023
- 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 06/2023, Foundation For Health Advancement Inc generated $68.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $372.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Foundation For Health Advancement Inc has awarded 16 individual grants totaling $984,321. 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
2023
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 THROUGH OUR INNOVATION GRANTS PROGRAM.
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.
GRANTS WERE PROVIDED TO RESEARCHERS TO SUPPORT WORK COMPLETED IN ACCORDANCE WITH DONOR RESTRICTIONS.
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. DONATIONS ARE SOLICITED TO SUPPORT THIS GRANT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Golubieski President | Officer | 10 | $0 |
Aggie Worthington Vice President Finance | Officer | 10 | $0 |
Dean Janeway Chair | OfficerTrustee | 1 | $0 |
George F Heinrich MD CEO And Vice Chair | OfficerTrustee | 2 | $0 |
Sandra Brown Sherman Secretary | OfficerTrustee | 1 | $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 | $50,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,900 |
| Total Program Service Revenue | $0 |
| Investment income | $17,321 |
| 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 | $68,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $336,943 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $35,490 |
| Total functional expenses | $372,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,223 |
| 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 | $155,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $196,968 |
| Total assets | $510,316 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $55,000 |
| 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 | $0 |
| Total liabilities | $55,000 |
| Net assets without donor restrictions | $455,316 |
| 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 | $510,316 |
Grants Awarded
Over the last fiscal year, Foundation For Health Advancement Inc has awarded $288,693 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS UNIVERSITY PURPOSE: Innovation grants to advance technology of various researchers at the University. | $34,193 |
PRINCETON UNIVERSITY PURPOSE: Innovation grants to advance technology of various researchers at the University. | $50,000 |
COOPER UNIVERSITY HOSPITAL PURPOSE: Innovation grants to advance technology of various researchers at the University. | $175,000 |
ST VINCENT DE PAUL RC CHURCH PURPOSE: Donor advised distribution for general operating support. | $10,000 |
PARENTS FOR PEACE PURPOSE: Donor advised distribution for general operating support. | $10,000 |
NATIVITY OF OUR LORD RC CHURCH PURPOSE: Donor advised distribution for general operating support. | $9,500 |