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Nonprofiteer
← HEALTH RESEARCH & EDUCATIONAL TRUST OF NEW JERSEY

Form 990 for tax year 2022

Filed by HEALTH RESEARCH & EDUCATIONAL TRUST OF NEW JERSEY.

Totals

Total revenue
$2,920,507
Total expenses
$2,591,385
Contributions and grants received
$1,859,383
Grants paid
$0
Program service revenue
$908,730
Investment income
$152,394
Other revenue
$0
Total assets, end of year
$5,889,155
Total liabilities, end of year
$530,962
Net assets or fund balances, end of year
$5,358,193
Program services expenses (Part IX)
$1,947,827
Management and general expenses
$643,558
Fundraising expenses
$0
Program service expenses (Part III)
$1,947,827

Program services were 75.2% 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)

    $1,687,426

  • 1f · All other contributions, gifts and grants

    $171,957

  • 2a · Program service revenue: INST FOR RESEARCH, QUA

    total $746,559 · related or exempt $746,559

  • 2b · Program service revenue: INST FOR RESEARCH, QUA

    total $162,171 · related or exempt $162,171

  • 3 · Investment income

    total $94,545 · excluded $94,545

  • 7a · Gross sales of assets other than inventory

    securities $157,701

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

    securities $99,852

  • 7c · Gain or loss

    securities $57,849

  • 7d · Net gain or loss

    total $57,849 · excluded $57,849

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $639,794 · program services $600,160 · management and general $39,634

  • 8 · Pension plan contributions

    total $50,074 · program services $50,074

  • 9 · Other employee benefits

    total $55,835 · program services $55,835

  • 10 · Payroll taxes

    total $61,658 · program services $61,658

  • 11f · Fees: investment management

    total $6,136 · management and general $6,136

  • 12 · Advertising and promotion

    total $2,500 · program services $2,500

  • 13 · Office expenses

    total $9,004 · program services $8,892 · management and general $112

  • 14 · Information technology

    total $15,000 · program services $15,000

  • 15 · Royalties

    total $18,992 · program services $18,992

  • 16 · Occupancy

    total $6,607 · program services $487 · management and general $6,120

  • 17 · Travel

    total $1,905 · program services $1,705 · management and general $200

  • 19 · Conferences, conventions and meetings

    total $57,873 · program services $57,873

  • 21 · Payments to affiliates

    total $448,945 · management and general $448,945

  • 23 · Insurance

    total $104,054 · management and general $104,054

  • 24a · Other expenses: PROFESSIONAL SERVICE FE

    total $659,822 · program services $659,822

  • 24b · Other expenses: PURCHASED SERVICES

    total $296,344 · program services $288,263 · management and general $8,081

  • 24c · Other expenses: EDUCATIONAL SEMINARS &

    total $118,855 · program services $118,855

  • 24d · Other expenses: MISCELLANEOUS

    total $37,987 · program services $7,711 · management and general $30,276

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,025,648 · end of year $1,011,463

  • 4 · Accounts receivable

    beginning of year $360,238 · end of year $355,970

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,570 · end of year $70,806

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

    $625,086

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

    $625,086

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,529,446 · end of year $3,802,364

  • 15 · Other assets

    beginning of year $758,425 · end of year $648,552

  • 17 · Accounts payable and accrued expenses

    beginning of year $592,484 · end of year $395,569

  • 19 · Deferred revenue

    beginning of year $45,027 · end of year $84,397

  • 25 · Other liabilities

    beginning of year $62,485 · end of year $50,996

  • 27 · Net assets without donor restrictions

    beginning of year $6,030,331 · end of year $5,358,193

Mission and programs · 2022

Mission

THE TRUST'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 HEALTH RESEARCH AND EDUCATIONAL TRUST OF NEW JERSEY WAS ESTABLISHED IN 1964 BY THE NEW JERSEY HOSPITAL ASSOCIATION (NJHA). THE TRUST'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. THE TRUST QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ITS INCOME IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES.

  • 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 $1,646,465 · Revenue $323,552

  • 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 $286,362 · Revenue $423,007

  • 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 $162,171

As filed on the 2022 return.

Listed in Part VII

  • John T Gribbin

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Alan R Pope

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Mary Ellen Clyne

    TRUSTEE CLASS OF 2022

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Kaminsky

    TRUSTEE CLASS OF 2022

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Sheridan

    TRUSTEE CLASS OF 2022

    Total calculated
    $0
    Hours/week
    1

  • Warren E Moore

    TRUSTEE CLASS OF 2022

    Total calculated
    $0
    Hours/week
    1

  • Alma Ratcliffe

    TRUSTEE CLASS OF 2022

    Total calculated
    $0
    Hours/week
    1

  • Cathleen Bennett

    PRESIDENT & CEO

    Total calculated
    $1,292,325
    From this org
    $0
    From related orgs
    $1,244,456
    Other
    $47,869
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $817,912 related
    Bonus
    $0 + $240,000 related
    Other
    $0 + $186,544 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $17,369 related
    Filer's total
    $0 + $1,292,325 related

  • Karen Freeman

    TRUSTEE CLASS OF 2022

    Total calculated
    $0
    Hours/week
    1

  • Joseph Duffy

    TRUSTEE CLASS OF 2022

    Total calculated
    $0
    Hours/week
    1

  • Bill Arnold

    TREASURER & CHAIRMAN OF FI

    Total calculated
    $2,200
    From this org
    $0
    From related orgs
    $2,200
    Other
    $0
    Hours/week
    1

  • Donna R Lawson

    TRUSTEE CLASS OF 2022

    Total calculated
    $0
    Hours/week
    1

  • Vincent Barba

    TRUSTEE CLASS OF 2022

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Schwartz

    TRUSTEE CLASS OF 2023

    Total calculated
    $0
    Hours/week
    1

  • Mark Strauder

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Meika Neblett

    TRUSTEE CLASS OF 2023

    Total calculated
    $0
    Hours/week
    1

  • Michelle O'Keefe

    TRUSTEE CLASS OF 2023

    Total calculated
    $0
    Hours/week
    1

  • Lori S Herndon

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Brian Sweeney

    TRUSTEE CLASS OF 2023

    Total calculated
    $0
    Hours/week
    1

  • Deanna Sperling

    TRUSTEE CLASS OF 2023

    Total calculated
    $0
    Hours/week
    1

  • Christopher Bailey

    CFO, ASSISTANT TREASURER

    Total calculated
    $385,555
    From this org
    $0
    From related orgs
    $341,006
    Other
    $44,549
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $303,477 related
    Bonus
    $0 + $35,100 related
    Other
    $0 + $2,429 related
    Deferred
    $0 + $25,925 related
    Nontaxable benefits
    $0 + $18,624 related
    Filer's total
    $0 + $385,555 related

  • Cindy A Sorg

    ASSISTANT SECRETARY

    Total calculated
    $104,985
    From this org
    $0
    From related orgs
    $86,034
    Other
    $18,951
    Hours/week
    1 + 24 related

  • Belinda B Cooper

    CHO

    Total calculated
    $320,003
    From this org
    $0
    From related orgs
    $284,385
    Other
    $35,618
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,199 related
    Bonus
    $0 + $28,166 related
    Other
    $0 + $10,020 related
    Deferred
    $0 + $25,167 related
    Nontaxable benefits
    $0 + $10,451 related
    Filer's total
    $0 + $320,003 related

  • Raymond A Brandes

    COO

    Total calculated
    $328,245
    From this org
    $0
    From related orgs
    $291,424
    Other
    $36,821
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,119 related
    Bonus
    $0
    Other
    $0 + $31,305 related
    Deferred
    $0 + $19,183 related
    Nontaxable benefits
    $0 + $17,638 related
    Filer's total
    $0 + $328,245 related

  • Jennifer Marie Barret-Sryfi

    DIRECTOR, PROGRAM DEVELOP

    Total calculated
    $127,071
    From this org
    $115,670
    From related orgs
    $0
    Other
    $11,401
    Hours/week
    35

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

  • 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)

PART I, LINE 4B
NEW JERSEY HOSPITAL ASSOCIATION MAINTAINS A 457(F) SUPPLEMENTAL RETIREMENT PLAN FOR SENIOR STAFF. CATHLEEN BENNETT AND SEAN HOPKINS ARE PARTICIPANTS IN THE "PLAN." EMPLOYER CONTRIBUTIONS TOTALING $249,665 WERE FUNDED IN 2022 TO THIS "PLAN." NEW JERSEY HOSPITAL ASSOCIATION MAINTAINS A 457(B) SUPPLEMENTAL RETIREMENT PLAN FOR SENIOR STAFF. CATHLEEN BENNETT AND SEAN HOPKINS ARE PARTICIPANTS IN THE "PLAN." THE PLAN IS FUNDED EXCLUSIVELY BY VOLUNTARY EMPLOYEE CONTRIBUTIONS.
PART I, LINE 7
INCENTIVE COMPENSATION BASED UPON ESTABLISHED GOALS.

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 FEDERAL CREDIT UNION

    501(C)(1) · COOP FIN INST · NJ

  • NJHA HEALTHPAC

    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

    C · ADMINISTRATIVE · NJ

    Directly controlled by NJHA

  • NEW JERSEY HOSPITAL ASSOCIATION INS

    T · PURCH. GROUP · NJ

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349304725

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