Form 990 for tax year 2024
Filed by HEALTH RESEARCH & EDUCATIONAL TRUST OF NEW JERSEY.
Totals
- Total revenue
- $2,405,465
- Total expenses
- $2,621,663
- Contributions and grants received
- $1,838,484
- Grants paid
- $0
- Program service revenue
- $432,268
- Investment income
- $134,094
- Other revenue
- $619
- Total assets, end of year
- $6,419,335
- Total liabilities, end of year
- $169,310
- Net assets or fund balances, end of year
- $6,250,025
- Program services expenses (Part IX)
- $2,122,791
- Management and general expenses
- $498,872
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,122,791
Program services were 81.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,062,144
-
1f · All other contributions, gifts and grants
$776,340
-
2a · Program service revenue: RESEARCH, QUALITY & STAFFING
total $203,535 · related or exempt $203,535
-
2b · Program service revenue: EDUCATION
total $118,164 · related or exempt $118,164
-
2c · Program service revenue: DATA REPORTER
total $110,569 · related or exempt $110,569
-
3 · Investment income
total $145,954 · unrelated business $0 · excluded $145,954
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $445,180
-
7b · Less cost or other basis and sales expenses
securities $457,040
-
7c · Gain or loss
securities -$11,860
-
7d · Net gain or loss
total -$11,860 · excluded -$11,860
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: PENSION REVENUE
total $505 · excluded $505
-
11b · Other revenue: OTHER REVENUE
total $114 · excluded $114
-
11e · Other revenue, total
$619
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $965,027 · program services $965,027
-
8 · Pension plan contributions
total $37,655 · program services $37,655
-
9 · Other employee benefits
total $65,806 · program services $65,806
-
10 · Payroll taxes
total $69,673 · program services $69,673
-
11a · Fees: management
total $381,210 · management and general $381,210
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $9,496 · management and general $9,496
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $52,352 · program services $50,815 · management and general $1,537
-
14 · Information technology
total $15,000 · program services $15,000
-
15 · Royalties
total $9,215 · program services $9,215
-
16 · Occupancy
total $6,120 · management and general $6,120
-
17 · Travel
total $75,374 · program services $75,374
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $113,532 · program services $113,124 · management and general $408
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $90,907 · management and general $90,907
-
24a · Other expenses: PURCHASED SERVICES
total $331,121 · program services $326,301 · management and general $4,820
-
24b · Other expenses: PROFESSIONAL FEES
total $296,759 · program services $296,759
-
24c · Other expenses: EDUCATIONAL SEMINARS
total $93,041 · program services $93,041
-
24d · Other expenses: OTHER EXPENSES
total $9,375 · program services $5,001 · management and general $4,374
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $748,552 · end of year $663,169
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $300,098 · end of year $383,571
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $57,732 · end of year $57,059
-
10a · Land, buildings and equipment: cost or other basis
$625,086
-
10b · Land, buildings and equipment: accumulated depreciation
$625,086
-
11 · Investments: publicly traded securities
beginning of year $4,410,681 · end of year $4,585,939
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $687,254 · end of year $729,597
-
17 · Accounts payable and accrued expenses
beginning of year $58,609 · end of year $100,212
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $5,685 · end of year $11,903
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $55,846 · end of year $57,195
-
27 · Net assets without donor restrictions
beginning of year $6,084,177 · end of year $6,250,025
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
THE health research and educational trust of new jersey was established in 1964 by the new jersey hospital association. THE health research and educational trust of new jersey'S MISSION IS TO ENGAGE IN RESEARCH AND EDUCATIONAL ACTIVITIES THAT SUPPORT HEALTHCARE PROVIDERS IN DELIVERING ACCESSIBLE, AFFORDABLE, AND QUALITY CARE AND IN FOSTERING WELLNESS IN THEIR COMMUNITIES.
Activities or mission (Part I)
THE ORGANIZATION WAS ESTABLISHED IN 1964 BY THE NEW JERSEY HOSPITAL ASSOCIATION. THE TRUST'S MISSION IS TO ENGAGE IN RESEARCH & EDUCATIONAL ACTIVITIES THAT SUPPORT HEALTHCARE PROVIDERS IN DELIVERING ACCESSIBLE, AFFORDABLE & QUALITY CARE.
-
RESEARCH, QUALITY & STAFFING: HRET RESEARCH AND QUALITY PROVIDE LEADERSHIP IN HEALTHCARE QUALITY AND SAFETY. HRET AT A STATE LEVEL HAS COMMITTED TO EDUCATION AND RESEARCH EFFORTS TO IMPROVE THE CARE OF PATIENTS AND FOCUSING ON MATERNAL AND CHILD HEALTH, QUALITY IMPROVEMENT AND PATIENT SAFETY, HEALTHCARE RESOURCES, MENTAL HEALTH & SUBSTANCE ABUSE, INCLUDING THE GARDEN STATE PATIENT SAFETY CENTER.
Expenses $1,750,892 · Revenue $203,535
-
EDUCATION: HRET EDUCATION PROVIDES CONTINUING EDUCATION PROGRAMS FOR TRUSTEES, CEO'S, MANAGERS, ETC., WORKING IN THE NEW JERSEY HEALTHCARE ORGANIZATIONS AND COMMUNITIES. EDUCATION DESIGNS, PROVIDES WORKSHOPS, CONFERENCES, SEMINARS AND WEBINARS, AND OFFERS CONTINUING EDUCATION CREDITS TO A VARIETY OF DISCIPLINES. THESE CONTINUING EDUCATION PROGRAMS ADDRESS A BROAD SPECTRUM OF HEALTHCARE TOPICS. THESE INCLUDE, BUT ARE NOT LIMITED TO IMPROVING TRANSITIONS OF CARE ACROSS THE CONTINUUM, QUALITY IMPROVEMENT THROUGH COMMUNITY ORGANIZING: EQUIPPING LEADERS FOR A NEW HEALTH SYSTEM, PERINATAL MORBIDITY AND MORTALITY, AND SUICIDE & STIGMA: TAKING THE CONVERSATION OUT OF THE SHADOWS.
Expenses $356,899 · Revenue $118,164
-
DATA REPORTER: HRET DATA REPORTER HELPS NEW JERSEY HOSPITALS TO ENHANCE THEIR QUALITY OF CARE AND PATIENT SAFETY, AND IMPROVE THE ACCURACY AND RELIABILITY OF PATIENT DATA INFORMATION COLLECTED AT REGISTRATION. COLLECTS HOSPITAL UNIFORM DATA FOR ANALYSIS BY THE HEALTHCARE INDUSTRY.
Expenses $15,000 · Revenue $110,569
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Cathleen D Bennett
TRUSTEE - PRESIDENT & CEO
- Total calculated
- $1,727,133
- From this org
- $0
- From related orgs
- $1,391,050
- Other
- $336,083
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $898,470 related
- Bonus
- $0 + $80,910 related
- Other
- $0 + $411,670 related
- Deferred
- $0 + $306,357 related
- Nontaxable benefits
- $0 + $29,726 related
- Filer's total
- $0 + $1,727,133 related
-
Christopher BaileyCHRISTOPHER BAILEY
ASSISTANT TREASURER - TRUSTEE
- Total calculated
- $561,097
- From this org
- $0
- From related orgs
- $456,793
- Other
- $104,304
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $382,864 related
- Bonus
- $0 + $70,879 related
- Other
- $0 + $3,050 related
- Deferred
- $0 + $68,667 related
- Nontaxable benefits
- $0 + $35,637 related
- Filer's total
- $0 + $561,097 related
-
Raymond A BrandesRAYMOND A BRANDES
chief operating officer
- Total calculated
- $473,251
- From this org
- $0
- From related orgs
- $413,280
- Other
- $59,971
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $349,267 related
- Bonus
- $0
- Other
- $0 + $64,013 related
- Deferred
- $0 + $24,150 related
- Nontaxable benefits
- $0 + $35,821 related
- Filer's total
- $0 + $473,251 related
-
Liliana MoralesLILIANA MORALES
PROJECT MANAGER - AIM
- Total calculated
- $191,084
- From this org
- $165,088
- From related orgs
- $0
- Other
- $25,996
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $164,575
- Bonus
- $0
- Other
- $513
- Deferred
- $10,433
- Nontaxable benefits
- $15,563
- Filer's total
- $191,084
-
JENNIFER MARIE BARRETt-SRYFI
DIRECTOR, PROGRAM DEVELOPment
- Total calculated
- $130,878
- From this org
- $118,022
- From related orgs
- $0
- Other
- $12,856
- Hours/week
- 55
-
Cindy A SorgCINDY A SORG
ASSistant SEC. (term 12/24)
- Total calculated
- $108,465
- From this org
- $0
- From related orgs
- $90,823
- Other
- $17,642
- Hours/week
- 55
-
Belinda B CooperBELINDA B COOPER
CHRO (term 1/24)
- Total calculated
- $38,109
- From this org
- $0
- From related orgs
- $36,536
- Other
- $1,573
- Hours/week
- 55
-
Deborah D VisconiDEBORAH D VISCONI
TREAS & CHAIR FIN COMM-TRUSTEE
- Total calculated
- $2,200
- From this org
- $0
- From related orgs
- $2,200
- Other
- $0
- Hours/week
- 1
-
William S ArnoldWILLIAM S ARNOLD
TURSTEE; EX-OFFICIO
- Total calculated
- $1,900
- From this org
- $0
- From related orgs
- $1,900
- Other
- $0
- Hours/week
- 1
-
Frank A GhinassiFRANK A GHINASSI
CHAIR - TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jose AzarJOSE AZAR
VICE CHAIR - TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert W BrennerROBERT W BRENNER
SECRETARY - TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vincent BarbaVINCENT BARBA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary Ellen ClyneMARY ELLEN CLYNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Philip J DriscollPHILIP J DRISCOLL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph DuffyJOSEPH DUFFY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Karen FreemanKAREN FREEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen KaminskyKATHLEEN KAMINSKY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donna R LawsonDONNA R LAWSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michele MorrisonMICHELE MORRISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Meika Tylese NeblettMEIKA TYLESE NEBLETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michelle O'KeefeMICHELLE O'KEEFE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alan R PopeALAN R POPE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alma S RatcliffeALMA S RATCLIFFE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie SchwartzSTEPHANIE SCHWARTZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alan SicklesALAN SICKLES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Deanna SperlingDEANNA SPERLING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lydia StockmanLYDIA STOCKMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I; QUESTION 4B
- The amount reflected in column b(iii) for the following individual includes current year vestings in an internal revenue code section 457(f) plan (non-qualified deferred compensation plan) as the amount was no longer subject to a substantial risk of complete forfeiture. The amount outlined herein was included in her 2024 form w-2, box 5, as taxable medicare wages: CATHLEEN D. BENNETT, $161,458. THE DEFERRED COMPENSATION AMOUNT IN COLUMN C FOR THE FOLLOWING INDIVIDUALS INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNTS OUTLINED HEREIN WERE NOT INCLUDED IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: CATHLEEN D. BENNETT, $271,857 and Christopher Bailey, $39,342.
- SCHEDULE J, PART I; QUESTION 7
- CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2024 WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NEW JERSEY HOSPITAL ASSOCIATION
501(C)(6) · TRADE ASSOC. · NJ
-
HEALTHCARE EMPLOYEES FED CREDIT UNION
501(C)(1) · COOP FIN INST · NJ
-
NJHA HEALTH POLITICAL ACTION COMMITTEE
527 · PAC · NJ
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
NJHA HEALTHCARE BUSINESS SOLUTIONS INC
C CORP · ADMINISTRATIVE · NJ
Directly controlled by NA
-
NEW JERSEY HOSPITAL ASSOCIATION INS FUND
TRUST · PURCHASE GROUP · NJ
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543189349306584
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