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← FOUNDATION FOR HEALTH ADVANCEMENT INC

Form 990 for tax year 2022

Filed by FOUNDATION FOR HEALTH ADVANCEMENT INC.

Totals

Total revenue
$68,221
Total expenses
$372,433
Contributions and grants received
$50,900
Grants paid
$336,943
Program service revenue
$0
Investment income
$17,321
Other revenue
$0
Total assets, end of year
$510,316
Total liabilities, end of year
$55,000
Net assets or fund balances, end of year
$455,316
Program services expenses (Part IX)
$336,943
Management and general expenses
$35,490
Fundraising expenses
$0
Program service expenses (Part III)
$336,943

Program services were 90.5% 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

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $50,900

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $17,321 · related or exempt $0 · unrelated business $0 · excluded $17,321

  • 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: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $336,943 · program services $336,943

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

  • 14 · Information technology

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

  • 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 $35,490 · program services $0 · management and general $35,490 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,239 · end of year $158,223

  • 11 · Investments: publicly traded securities

    beginning of year $513,490 · end of year $155,125

  • 15 · Other assets

    beginning of year $100,000 · end of year $196,968

  • 18 · Grants payable

    beginning of year $6,224 · end of year $55,000

  • 25 · Other liabilities

    beginning of year $12,443 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $501,471 · end of year $455,316

  • 28 · Net assets with donor restrictions

    beginning of year $259,591 · end of year $0

Mission and programs · 2022

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 holds educational seminars for innovators and students and is seeking contributions from these participants to support grants.

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 fund its grant program to support high school STEM programs.

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

    Expenses $47,750 · Grants $47,750 · Revenue $50,900

  • 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 $223,578 · Grants $223,578

  • Grants were provided to researchers to support work completed in accordance with donor restrictions.

    Expenses $65,615 · Grants $65,615

As filed on the 2022 return.

Listed in Part VII

  • James M Golubieski

    President

    Total calculated
    $572,465
    From this org
    $0
    From related orgs
    $561,431
    Other
    $11,034
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $474,521 related
    Bonus
    $0 + $86,910 related
    Other
    $0
    Deferred
    $0 + $67,372 related
    Nontaxable benefits
    $0 + $11,034 related
    Filer's total
    $0 + $639,837 related

  • Aggie Worthington

    Vice President Finance

    Total calculated
    $273,893
    From this org
    $0
    From related orgs
    $273,893
    Other
    $0
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,453 related
    Bonus
    $0 + $49,440 related
    Other
    $0
    Deferred
    $0 + $32,867 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $306,760 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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
2022
Filed
19 December 2023
IRS schema version
2022v5.0
Source object
202343549349301604

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