Greater Mercer Area Healthcare Foundation Inc is located in Monmouth Beach, NJ. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Mercer Area Healthcare 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, Greater Mercer Area Healthcare Foundation Inc generated $64.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (64.3%) each year. All expenses for the organization totaled $92.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE NURSING AND REHABILITATION SERVICES TO THE PEOPLE OF MERCER COUNTY THAT ARE IN NEED OF THEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
EIGHT GRANTS WERE GIVEN AS SCHOLARSHIPS TO ATTEND VARIOUS NURSING PROGRAMS IN THE STATE OF NEW JERSEY AND THE COST OF THE NJ CERTIFICATION EXAMINATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lori Petschauer Executive Director | Trustee | 5 | $75,000 |
Lawrence Seargent Trustee | OfficerTrustee | 2 | $0 |
Cori Wingerter Trustee | OfficerTrustee | 2 | $0 |
George Moutis Trustee | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $16,347 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $18,847 |
Total Program Service Revenue | $0 |
Investment income | $45,408 |
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 | $64,255 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $75,000 |
Compensation of current officers, directors, key employees. | $75,000 |
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 | $300 |
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 | $0 |
Total functional expenses | $92,141 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $28,107 |
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 | $1,057,013 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,085,120 |
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 | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
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 | $1,085,120 |
Total liabilities and net assets/fund balances | $1,085,120 |
Over the last fiscal year, we have identified 1 grants that Greater Mercer Area Healthcare Foundation Inc has recieved totaling $1,500.
Awarding Organization | Amount |
---|---|
Mike & Patti Hennessy Foundation Inc Cranbury, NJ PURPOSE: NURSING AND REHABILITATION SERVICES TO PEOPLE IN NEED IN MERCER COUNTY | $1,500 |
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