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← FOUNDATION FOR HEALTH ADVANCEMENT INC

Form 990 for tax year 2024

Filed by FOUNDATION FOR HEALTH ADVANCEMENT INC.

Totals

Total revenue
$103,660
Total expenses
$679,007
Contributions and grants received
$287,643
Grants paid
$572,150
Program service revenue
$0
Investment income
$0
Other revenue
-$183,983
Total assets, end of year
$447,721
Total liabilities, end of year
$392,285
Net assets or fund balances, end of year
$55,436
Program services expenses (Part IX)
$650,150
Management and general expenses
$28,857
Fundraising expenses
$0
Program service expenses (Part III)
$650,150

Program services were 95.8% 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

    $286,643

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $1,000

  • 1g · Noncash contributions included above

    $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

    $35,683

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

    $286,643

  • 8b · Fundraising events: direct expenses

    $219,666

  • 8c · Net income from fundraising events

    total -$183,983 · unrelated business $0 · excluded -$183,983

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $572,150 · program services $572,150

  • 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 $66,000 · program services $49,500 · management and general $16,500 · 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 $607 · program services $0 · management and general $607 · fundraising $0

  • 14 · Information technology

    total $2,250 · program services $0 · management and general $2,250 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · 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

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $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 $38,000 · program services $28,500 · management and general $9,500 · fundraising $0

  • 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 $259,496 · end of year $128,460

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,324 · end of year $17,989

  • 11 · Investments: publicly traded securities

    beginning of year $249,192 · end of year $301,272

  • 15 · Other assets

    beginning of year $123,287

  • 18 · Grants payable

    beginning of year $30,000 · end of year $52,500

  • 25 · Other liabilities

    beginning of year $0 · end of year $339,785

  • 27 · Net assets without donor restrictions

    beginning of year $533,749 · end of year -$208,939

  • 28 · Net assets with donor restrictions

    beginning of year $79,550 · end of year $264,375

Mission and programs · 2024

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 support science, technology, engineering and mathematics programs to researchers through our Innovation Grants Program.

  • The organization solicited contributions to support EJI Excellence in Medicine Awards scholarship programs.

    Expenses $137,500 · Grants $137,500 · Revenue $323,326

  • Charitable gift distributions to qualified charitable organizations made in accordance with recommendations made by donors.

    Expenses $23,500 · Grants $23,500 · Revenue $19,634

  • 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 $489,150 · Grants $411,150

As filed on the 2024 return.

Listed in Part VII

  • James M Golubieski

    President & CEO

    Total calculated
    $622,808
    From this org
    $0
    From related orgs
    $599,792
    Other
    $23,016
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $599,792 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $71,975 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $671,767 related

  • Aggie Worthington

    Vice President & CFO

    Total calculated
    $293,744
    From this org
    $0
    From related orgs
    $293,744
    Other
    $0
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,744 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $35,249 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $328,993 related

  • Dean Janeway

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0

  • Sandra Brown Sherman

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0

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

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
4 December 2025
IRS schema version
2024v5.0
Source object
202503499349300950

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