Healthcare Foundation Of New Jersey Inc in Millburn, New Jersey (NJ)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Organizations performing similar types of work
Healthcare Foundation Of New Jersey Inc | |
Employer Identification Number (EIN) | 223451664 |
Name of Organization | Healthcare Foundation Of New Jersey Inc |
Address | 60 E Willow St 2nd Flr, Millburn, NJ 07041-1438 |
Activities | Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 08/1996 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $50,000,000 to greater |
Income | $10,000,000 to $49,999,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $169,774,260 |
Amount of Income | $37,393,027 |
Form 990 Revenue Amount | $7,883,315 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $37,393,027 (it was $26,023,736 in 2012)
Healthcare Foundation Of New Jersey Inc: | $37,393,027 |
Other organizations performing similar types of work: | $120,021 |
Assets in 2013: $169,774,260 (it was $151,235,753 in 2012)
Healthcare Foundation Of New Jersey Inc: | $169,774,260 |
Other organizations performing similar types of work: | $470,342 |
Expenses in 2012: $8,408,064
This organization: | $8,408,064 |
Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2012: 4.4
This organization: | 4.4 |
Other organizations performing similar types of work: | 2.0 |
Revenue for 2012
Other (69%)
Dividends and interest from securities (31%)
Expenses for 2012
Contributions, gifts, grants paid (77%)
Compensation of officers, directors, etc. (3%)
Operating and administrative expenses (20%)
Assets for 2012
Investments-corporate stock (51%)
Other (1%)
Investments-other (48%)
Analysis of Revenue and Expenses (for 2012) | ||||
Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
---|---|---|---|---|
Total revenue | $7,883,315 | $8,077,876 | $0 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $269 | |||
Dividends and interest from securities | $2,462,463 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $187,784 | |||
Other | $5,232,799 | |||
Total expenses and disbursements | $8,408,064 | $983,258 | $0 | $7,259,681 |
Compensation of officers, directors, trustees, etc. | $266,240 | |||
Total operating and administrative expenses | $1,709,320 | $983,258 | $867,508 | |
Contributions, gifts, grants paid | $6,698,744 | |||
Excess of revenue over expenses and disbursements | $-524,749 | |||
Net investment income | $7,094,618 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $151,235,753 | $151,235,753 |
Cash - non-interest-bearing | $87,931 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $77,057,510 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $72,706,568 | |
Other | $1,383,744 | |
Total liabilities | $3,658,301 | |
Mortgages and other notes payable | $0 | |
Other | $3,658,301 | |
Total liabilities and net assets/fund balances | $147,577,452 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $5,232,799 |
Net capital loss | $0 |
Excise Tax Based on Investment Income (for 2012) | |
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
Tax based on investment income | $70,946 |
Total credits and payments | $284,299 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $229,299 |
Exempt foreign organizations-tax withheld at source | $0 |
Tax paid with application for extension of time to file (Form 8868) | $55,000 |
Backup withholding erroneously withheld | $0 |
Any penalty for underpayment of estimated tax | $940 |
Tax due | $0 |
Overpayment | $212,413 |
Amount to be credited to 2013 estimated tax | $70,946 |
Statements Regarding Activities (for 2012) | |
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
During the year did the foundation (either directly or indirectly): | |
Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
Furnish goods, services, or facilities to (or accept them from) a disqualified person? | Yes |
Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
Agree to pay money or property to a government official? | No |
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
During the year did the foundation pay or incur any amount to: | |
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
Provide a grant to an individual for travel, study, or other similar purposes? | No |
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
Minimum Investment Return (for 2012) | |
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $148,459,065 |
Net value of noncharitable-use assets | $146,232,180 |
Minimum investment return | $7,311,609 |
Distributable Amount (for 2012) | |
Distributable amount | $7,294,626 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $7,294,626 |
Undistributed income for 2012. This amount must be distributed in 2013 | $6,522,782 |
Private Operating Foundations (for 2012) | |||||
2012 | 2011 | 2010 | 2009 | Total | |
---|---|---|---|---|---|
The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
Value of all assets | $0 | $0 | $0 | $0 | $0 |
Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
Gross investment income | $0 | $0 | $0 | $0 | $0 |
Unrelated Trade or Business Income (for 2008) | |||
Income | Expenses | Net | |
---|---|---|---|
Total | $-337,156 | $0 | $-337,156 |
Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
Cost of goods sold | $0 | $0 | $0 |
Gross profit | $0 | $0 | $0 |
Capital gain net income | $0 | $0 | $0 |
Net gain | $0 | $0 | $0 |
Capital loss deduction for trusts | $0 | $0 | $0 |
Income (loss) from partnerships and S corporations | $-3,371,561 | $0 | $-337,156 |
Rent income | $0 | $0 | $0 |
Unrelated debt-financed income | $0 | $0 | $0 |
Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
Exploited exempt activity income | $0 | $0 | $0 |
Advertising income | $0 | $0 | $0 |
Other income | $0 | $0 | $0 |
Deductions Not Taken Elsewhere (for 2008) | |
Total deductions | $4,700 |
Compensation of officers, directors, and trustees | $0 |
Salaries and wages | $0 |
Repairs and maintenance | $0 |
Bad debts | $0 |
Interest | $0 |
Taxes and licenses | $0 |
Charitable contributions | $0 |
Depreciation | $4,700 |
Depletion | $0 |
Contributions to deferred compensation plans | $0 |
Employee benefit programs | $0 |
Excess exempt expenses | $0 |
Excess readership costs | $0 |
Other deductions | $0 |
Unrelated business taxable income | $-341,856 |
Unrelated business taxable income before net operating loss deduction | $-341,856 |
Net operating loss deduction | $0 |
Unrelated business taxable income before specific deduction | $-341,856 |
Specific deduction | $0 |
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Organizations performing similar types of work | |||||
Id ↑ | Name | Address | State | Established | Total Income |
1 | Zs & M Wilf Foundation Inc | 200 Central Avenue, Mountainside, NJ 07092-1926 | NJ | 1998-06 | $23,767,898 |
2 | The Codispoti Foundation Inc | PO BOX 79, Red Bank, NJ 07701-0079 | NJ | 1995-11 | $3,076,591 |
3 | The Tuchman Foundation Inc, Tuchman Martin Ttee | PO BOX 582, Kingston, NJ 08528-0582 | NJ | 1996-03 | $2,517,749 |
4 | The Florin Family Foundation Inc | PO BOX 189, Pine Brook, NJ 07058-0189 | NJ | 1995-03 | $1,348,923 |
5 | Todino Family Foundation Inc | 2133 Bridge Ave, Pt Pleasant, NJ 08742-4917 | NJ | 1997-07 | $1,081,913 |
6 | Zelazo Family Foundation Inc | 772 Santa Fe Trl, Franklin Lks, NJ 07417-2224 | NJ | 1998-04 | $816,196 |
7 | Twin Beeches Foundation Charitable Tr 120297, Colton John L Ttee | 98 Beechwood Rd, Summit, NJ 07901-2131 | NJ | 1998-01 | $367,944 |
8 | Schwartz Family Foundation | 20 Greenbrier Rd, Oakhurst, NJ 07755-1648 | NJ | 1995-01 | $264,373 |
9 | Jensam Foundation Inc | Mschwartzbard 100 Eagle Rock 200, East Hanover, NJ 07936 | NJ | 1997-08 | $225,000 |
10 | The Rennoc Corporation Foundation Inc | 11 Packer Ct, Sewell, NJ 08080-1613 | NJ | 1996-03 | $201,238 |
11 | The Jeffrey S Holman Foundation A New Jersey Non-Profit Corporation | 1 Centennial Sq, Haddonfield, NJ 08033-2454 | NJ | 1995-12 | $163,249 |
12 | Schloss Family Foundation | C/O Cappiccille615wmt Pleasant, Livingston, NJ 07039 | NJ | 1997-11 | $138,531 |
13 | Six Talents Foundation Inc | PO BOX 4470, Warren, NJ 07059-0470 | NJ | 1997-02 | $115,443 |
14 | David And Adrienne Greenblatt Foundation, Greenblatt David Ttee | 130 Beech Rd, Englewood, NJ 07631-3722 | NJ | 1995-05 | $60,000 |
15 | Trudy And Sy Sadinoff Foundation Inc, Endow Fndtn Of Untd Jwsh Comm Bergn | 50 Eisenhower Drive, Paramus, NJ 07652-1429 | NJ | 1991-08 | $58,387 |
16 | The Crissman Family Charitable Foundation Inc | 420 Boulevard Ste 204, Mountain Lks, NJ 07046-1733 | NJ | 1994-12 | $16,557 |
17 | The Robert E Jr & Eleanor G Diemar Charitable Trust, Diemar Robert E Ttee | 660 Larger Cross Rd, Bedminster, NJ 07921-2728 | NJ | 1995-05 | $16,262 |
18 | The Morong Family Charitable Trust | 7 Nortwick Ct, Somerset, NJ 08873-7270 | NJ | 1996-02 | $13,823 |
19 | Zpr Family Foundation Inc | 820 Bermuda Dr, Branchburg, NJ 08853-4278 | NJ | 1997-05 | $11,619 |
20 | Schwallie Foundation | 1514 Wishing Well Ln, Manasquan, NJ 08736-2252 | NJ | 1996-01 | $8,305 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 2,744 |
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