Form 990 for tax year 2023
Filed by FOUNDATION FOR HEALTH ADVANCEMENT INC.
Totals
- Total revenue
- $339,398
- Total expenses
- $481,415
- Contributions and grants received
- $520,695
- Grants paid
- $439,463
- Program service revenue
- $0
- Investment income
- $18,938
- Other revenue
- -$200,235
- Total assets, end of year
- $643,299
- Total liabilities, end of year
- $30,000
- Net assets or fund balances, end of year
- $613,299
- Program services expenses (Part IX)
- $439,463
- Management and general expenses
- $5,452
- Fundraising expenses
- $36,500
- Program service expenses (Part III)
- $439,463
Program services were 91.3% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$188,082
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$332,613
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $18,938 · related or exempt $18,938 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: gross income
$9,968
-
8a · Fundraising events: contributions included on line 1c
$188,082
-
8b · Fundraising events: direct expenses
$210,203
-
8c · Net income from fundraising events
total -$200,235 · unrelated business $0 · excluded -$200,235
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $439,463 · program services $439,463
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $0 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $0 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $0 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $2,960 · program services $0 · management and general $2,960 · fundraising $0
-
11c · Fees: accounting
total $0 · program services $0 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $0 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $342 · program services $0 · management and general $342 · fundraising $0
-
14 · Information technology
total $586 · program services $0 · management and general $586 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $1,564 · program services $0 · management and general $1,564 · fundraising $0
-
17 · Travel
total $0 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Management fee
total $36,500 · program services $0 · management and general $0 · fundraising $36,500
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $158,223 · end of year $259,496
-
9 · Prepaid expenses and deferred charges
end of year $11,324
-
11 · Investments: publicly traded securities
beginning of year $155,125 · end of year $249,192
-
15 · Other assets
beginning of year $196,968 · end of year $123,287
-
18 · Grants payable
beginning of year $55,000 · end of year $30,000
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $455,316 · end of year $533,749
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $79,550
Mission and programs · 2023
Mission
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 at affiliated universities in NJ through the Innovation Grants Program. FHA supports the EJI Excellence in Medicine Awards gala which solicits contributions to support scholarships.
Activities or mission (Part I)
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.
-
The organization solicited contributions to support EJI Excellence in Medicine Awards scholarship programs.
Expenses $120,000 · Grants $120,000 · Revenue $199,550
-
Charitable gift distributions to qualified charitable organizations made in accordance with recommendations made by donors.
Expenses $31,541 · Grants $31,541 · Revenue $18,938
-
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.
Expenses $287,922 · Grants $287,922
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James M Golubieski
President
- Total calculated
- $493,895
- From this org
- $0
- From related orgs
- $472,295
- Other
- $21,600
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $472,295 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $65,075 related
- Nontaxable benefits
- $0 + $21,600 related
- Filer's total
- $0 + $558,970 related
-
Aggie Worthington
Vice President Finance
- Total calculated
- $230,724
- From this org
- $0
- From related orgs
- $230,724
- Other
- $0
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $230,724 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $27,687 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $258,411 related
-
Dean Janeway
Chair
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
George F Heinrich MD
CEO and Vice Chair
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Sandra Brown Sherman
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 3
- New Jersey Health Foundation uses compensation committee, review of 990s and board approval of CEO and officer salaries. Employees are of NJHF.
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
-
Rutgers University
$160,797
Grants to support innovative research of individual researchers
-
$101,500
Grants to support researchers early stage innovative ideas.
-
Stevens Institute of Technology
$54,625
Grants to support researchers early stage innovative ideas.
-
Rowan University
$46,500
Grants to support researchers early stage innovative ideas.
-
New Jersey Institute of Technology
$21,000
Grants to support researchers early stage innovative ideas.
-
$15,000
Grants to support researchers early stage innovative ideas.
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.
-
501(c)(3) · Grant making supporting organization, endowment management · DE · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500159349300240
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