Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $816,717

• 1f · All other contributions, gifts and grants

  $6,061,716

• 1g · Noncash contributions included above

  $2,800

• 3 · Investment income

  total $123,942 · excluded $123,942

• 7a · Gross sales of assets other than inventory

  securities $11,020,264

• 7b · Less cost or other basis and sales expenses

  securities $8,856,824

• 7c · Gain or loss

  securities $2,163,440

• 7d · Net gain or loss

  total $2,163,440 · excluded $2,163,440

• 8a · Fundraising events: gross income

  $76,900

• 8a · Fundraising events: contributions included on line 1c

  $816,717

• 8b · Fundraising events: direct expenses

  $446,301

• 8c · Net income from fundraising events

  total -$369,401 · excluded -$369,401

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,134,304 · program services $10,134,304

• 2 · Grants to domestic individuals

  total $16,817 · program services $16,817

• 11e · Fees: professional fundraising services

  total $185,000 · fundraising $185,000

• 11f · Fees: investment management

  total $257,310 · management and general $257,310

• 11g · Fees: other

  total $76,799 · program services $825 · management and general $52,150 · fundraising $23,824

• 12 · Advertising and promotion

  total $64,946 · fundraising $64,946

• 13 · Office expenses

  total $145,361 · program services $4,735 · management and general $43,314 · fundraising $97,312

• 16 · Occupancy

  total $52,271 · program services $39,203 · management and general $13,068

• 17 · Travel

  total $5,495 · management and general $4,490 · fundraising $1,005

• 19 · Conferences, conventions and meetings

  total $18,771 · program services $9,809 · management and general $5,574 · fundraising $3,388

• 22 · Depreciation, depletion and amortization

  total $4,211 · management and general $4,211

• 24a · Other expenses: MANAGEMENT FEE

  total $1,882,077 · program services $501,197 · management and general $593,231 · fundraising $787,649

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $101,314 · program services $71,307 · management and general $30,007

• 24c · Other expenses: STEWARDSHIP COSTS

  total $47,220 · program services $38,863 · management and general $3,949 · fundraising $4,408

• 24d · Other expenses: EDUCATION & DEVELOPMENT

  total $5,166 · program services $1,150 · management and general $4,016

• 24e · All other expenses

  total $4,158 · management and general $4,158

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,168,407

• 2 · Savings and temporary cash investments

  end of year $425,161

• 3 · Pledges and grants receivable

  beginning of year $3,095,387 · end of year $2,812,167

• 9 · Prepaid expenses and deferred charges

  beginning of year $149,989 · end of year $16,070

• 10a · Land, buildings and equipment: cost or other basis

  $225,922

• 10b · Land, buildings and equipment: accumulated depreciation

  $222,976

• 10c · Land, buildings and equipment, net

  beginning of year $7,157 · end of year $2,946

• 11 · Investments: publicly traded securities

  beginning of year $6,162 · end of year $11,968

• 12 · Investments: other securities

  beginning of year $85,140,035 · end of year $97,509,795

• 13 · Investments: program-related

  beginning of year $7,826,353 · end of year $8,444,418

• 15 · Other assets

  beginning of year $10,331 · end of year $3,161

• 17 · Accounts payable and accrued expenses

  beginning of year $219,322 · end of year $298,516

• 18 · Grants payable

  beginning of year $23,952,690 · end of year $23,654,110

• 19 · Deferred revenue

  beginning of year $500 · end of year $500

• 25 · Other liabilities

  beginning of year $50,875,945 · end of year $58,633,355

• 27 · Net assets without donor restrictions

  beginning of year $12,635,373 · end of year $15,852,137

• 28 · Net assets with donor restrictions

  beginning of year $9,719,991 · end of year $10,787,068

The filer's explanations (Part III)

PART I, LINE 3

THE CEO/EXECUTIVE DIRECTOR OF VIRTUA HEALTH FOUNDATION, INC. IS COMPENSATED BY THE PARENT ORGANIZATION, VIRTUA HEALTH, INC. VIRTUA HEALTH HAS AN ESTABLISHED POLICY REGARDING THE COMPENSATION. THE POLICY USES THE FOLLOWING: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE VIRTUA BOARD OR COMPENSATION COMMITTEE.

PART I, LINE 4B

A RELATED ORGANIZATION, VIRTUA HEALTH, INC., HAS A "COLLATERAL ASSIGNMENT SPLIT DOLLAR PLAN" (CASD), WHICH IS DESCRIBED IN SCHEDULE O.

SCHEDULE J, PART I, LINE 7

PAY AT RISK AND/OR DISCRETIONARY BONUSES PAYMENT PROVIDED TO THE INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, WERE PAID BY A RELATED ORGANIZATION. THESE PAYMENTS ARE BASED ON THE ACHIEVEMENT OF SIGNIFICANT QUANTITATIVE, QUALITATIVE, AND/OR PROGRAMMATIC GOALS AND ARE APPROVED BY THE COMPENSATION COMMITTEE FOR DISQUALIFIED INDIVIDUALS AND BY THE CEO FOR ALL OTHERS.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• SOUTH JERSEY MUSCULOSKELETAL INSTITUTE LLC

  SURGICAL CENTER · NJ

• VIRTUA CAMPUS HOLDING LLC

  MEDICAL · NJ

• SJV MANAGEMENT LLC

  RADIOLOGY SERVICES · NJ

• ACCESS HOLDING COMPANY LLC

  MEDICAL · NJ

• RIVER DRIVE HOLDING COMPANY LLC

  MEDICAL · NJ

• VIRTUA - SCA HOLDINGS II LLC

  MEDICAL · DE

• TYLER DIALYSIS LLC

  DIALYSIS · NJ

• SPECIALIZED SURGICAL CENTER OF CENTRAL NEW JERSEY LLC

  SURGICAL CENTER · NJ

• CENTENNIAL SURGUNIT LLC

  AMBULATORY HEALTH CARE SERVICES · NJ

• LOURDES SPECIALTY HOSPITAL OF SOUTHERN NJ LLC

  HEALTH CARE · NJ

• USRC GLOUCESTER LLC

  MEDICAL · NJ

• MT LAUREL ENDOSCOPY CENTER LP

  OUTPATIENT CARE CENTER · NJ

• EMMAUS HOLDINGS LLC

  MEDICAL · NJ

• ACENTUS PRACTICE MANAGEMENT LLC

  COLLECTIONS SERVICE · NJ

• VIRTUA-USP PRINCETON LLC

  MEDICAL · NJ

• BURLINGTON CTY ENDO CTR LLC CO PHYSICIANS ENDOSCOPY LLC

  HEALTH CARE · NJ

• VIRTUA-SCA HOLDINGS LLC

  MEDICAL · NJ

• VANTAGE SURGICAL CENTER LLC

  SURGICAL CENTER · NJ

• FRESENIUS MEDICAL CARE MARLTON LLC

  DIALYSIS · NJ

• VIRTUA PENN RADIATION ONCOLOGY LEASING LLC

  LEASING SERVICES · NJ

• VIRTUA PENN RADIATION ONCOLOGY PARTNERS LLC

  RADIOLOGY SERVICES · NJ

• VOORHEES ENDOSCOPY HOLDING CO LLC

  MEDICAL · NJ

• GASTRO-SURGI CENTER OF NJ LLC

  SURGICAL CENTER · NJ

• VIRTUA ADULT IMAGING SERVICES AT VOORHEES LLC

  IMAGING SERVICES · NJ

• CENTER FOR AMBULATORY AND MINIMALLY INVASIVE SURGERY LLC

  SURGICAL CENTER · NJ

• FREEHOLD ENDOSCOPY ASSOCIATES LLC

  SURGICAL CENTER · NJ

• ROCKLAND SURGICAL PROJECT LLC RAMAPO VALLEY SURGICAL CENTER

  SURGICAL CENTER · NJ

• SHORE AMBULATORY SURGERY CENTER LLC- DIVESTED 10123

  SURGICAL CENTER · NJ

• AMBULATORY SURGERY CENTER AT VIRTUA WASHINGTON TOWNSHIP LLC

  SURGICAL CENTER · NJ

• SUMMIT SURGICAL CENTER LLC

  SURGICAL CENTER · NJ

• ENDO SURGI CENTER OF OLD BRIDGE LLC

  SURGICAL CENTER · NJ

• STRIVE AND VIRTUA HEALTH PHYSICAL THERAPY & REHABILITATION LLC

  PHYSICAL THERAPY · NJ

• ATLANTIC GASTRO SURGICAL

  SURGICAL CENTER · PA

• VIRTUA-NJEYE HOLDINGS LLC

  MEDICAL · NJ

• MERCER COUNTY SURGERY CENTER LLC

  SURGICAL CENTER · NJ

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• VIRTUA ASSURANCE

  C · CAPTIVE INSURANCE COMPANY · VT

• VRI INC

  C · HEALTH AND WELLNESS · NJ

• HEALTH MANAGEMENT SERVICES ORGANIZATION INC

  C · MEDICAL ADMINISTRATION · NJ