2023-05-09T13:00:22-07:00 2022-06-30 Thomas Lanning CPA 1 Domidion Court Middletown NJ 07748 990 2021-07-01 030430873 NEW JERSEY HEALTH FOUNDATION INC NEWJ 9087316610 155 Village Blvd Suite 130 Princeton NJ 08540 Aggie Worthington Vice President 9087316602 2023-05-12 1 Thomas Lanning P00851654 7325399078 2023-05-12 X 1 11 0 AAL2 2021 2023-04-26 12:10:37Z James M Golubieski 155 Village Blvd Suite 130 Princeton NJ 08540 3389399 0 X www.njhealthfoundation.org X 2002 DE The Organization's mission is to support healthcare education, research and patient care programs in the State of New Jersey and for other scientific, charitable, literary and educational purposes. 10 10 12 10 389022 278086 446123 887202 0 0 2031600 2502197 0 0 2477723 3389399 7670943 9246072 0 0 2045565 1983874 0 0 0 586909 608460 10303417 11838406 -7825694 -8449007 225307235 191355258 4446000 4985960 220861235 186369298 The Organization's mission is to support healthcare education, research and patient care programs in the State of New Jersey and for other scientific, charitable, literary and educational purposes. 0 0 6362714 6362714 0 The organization provided grants to support faculty chairs, research scholarships, fellowships and other programs at Rutgers School of Biomedical and Health Sciences and Rowan School or Osteopathic Medicine in accordance with donor restrictions 4766889 2880649 0 The organization provided grants to the faculty of Rutgers School of Biomedical Health Sciences, New Jersey Institute of Technology, Princeton University, Stevens Institute of Technology, Kessler Foundation and Rowan School of Osteopathic Medicine to help further research in a wide variety of medical and scientific areas. 2709 2709 0 Payments to charitable gift annuitant holders. 0 0 0 11132312 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 10 0 1 12 1 1 1 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X New Jersey Health Foundation Aggie Worthington VP Finance 9087316610 155 Village Blvd Suite 130 Princeton NJ 08540 James M Golubieski President 30 10 X 447460 0 74380 Aggie Worthington VP Finance 30 10 X 231171 0 33520 Laura Harrel VP Admin and HR 35 5 X 165055 0 45305 Dean Janeway Chair 1 1 X X 0 0 0 George F Heinrich MD Vice Chair and CEO 10 2 X X 0 0 0 Sandra Brown Sherman Esq Secretary 1 1 X X 0 0 0 Susan J Flynn Hollander Treasurer 1 0 X X 0 0 0 Roger S Fine Esq Director 1 0 X 0 0 0 Suzann B Goldstein Director 1 0 X 0 0 0 Andrew M Grumet Esq Director 1 0 X 0 0 0 Bruce A Harris Esq Director 1 0 X 0 0 0 Murray Kushner Director 1 0 X 0 0 0 Robert W Pierce II Director 1 0 X 0 0 0 843686 0 153205 5 0 1 0 0 0 0 0 0 0 887202 650530 887202 0 2502197 0 389022 2113175 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3389399 0 389022 2113175 9246072 9246072 0 0 0 0 0 0 996891 657948 338943 0 0 0 0 772587 561992 210595 0 73496 73496 0 0 57620 57620 0 0 83280 83280 0 0 0 0 0 0 98625 98625 0 0 38238 8305 29933 0 76873 64779 12094 59544 59544 158796 119097 39699 40979 40979 135405 101554 33851 11838406 11132312 706094 0 291411 198843 972997 414969 214157 161886 88512 52271 157871974 131080585 64256278 58732246 1826063 876344 225307235 191355258 832156 916874 1556632 2127054 0 0 0 0 1005000 905000 0 0 0 0 0 0 1052212 1037032 4446000 4985960 X 62406034 50995719 158455201 135373579 220861235 186369298 225307235 191355258 X -8449007 -23986399 0 -501565 0 -1554966 X 0 1 X 1 0 X X X 1 Foundation for Health Advancement 812316726 7 1 35000 0 1 35000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 216370768 219001 -19776240 5101638 5544855 478809 185688227 169090173 85775 55812451 4883212 3256127 478292 216370768 180292926 141258 -2988581 5048523 2812691 494216 169090173 184490448 94750 5254044 6860570 3357396 -671650 180292926 176158862 158079 18108257 6677800 4070209 -813259 184490448 0.28 0.72 0 0 0 0 0 0 0 0 0 0 0 20551 8582 11969 0 193606 153304 40302 0 0 0 0 52271 51949834 F 6782412 C 58732246 0 Obligation under lease agreement 937032 Due to related organizations 100000 1037032 X Schedule D, Part IV, Line 2b The funds held in escrow represent money held by a trustee on behalf of shareholders who are party to the sale of affiliated company. The funds are subject to an escrow agreement and are released over time subject to the terms of the agreement. Schedule D, Part V, Line 4 The intended uses for the endowment funds are determined by the underlying endowment agreements entered into by and between the specific donor and NJHF. The uses include, but are not limited to, faculty chairs, research, lectureships and scholarships and fellowships. Schedule D, Part X, Line 2 The Foundation had no unrecognized tax liabilities or uncertain tax positions at June 30, 2022. The organization did not have any tax related interest or penalties for the periods reported in these consolidated financial statements. 1 Rutgers University College Avenue New Brunswick NJ 08901 228001086 115 7587310 0 N/A N/A Grants to support researchers' early stage innovative ideas. Stevens Institute of Technology 1 Castle Point Terrace Hoboken NJ 07030 221487354 501c3 103366 0 N/A N/A Grants to support researchers' early stage innovative ideas. Rowan University 42 East Laurel Road Stratford NJ 08084 222764819 115 959419 0 N/A N/A Grants to support researchers' early stage innovative ideas. Princeton University West College Avenue Princeton NJ 08540 210634501 501c3 207000 0 N/A N/A Grants to support researchers' early stage innovative ideas. New Jersey Institute of Technology Martin Luther King Boulevard Newark NJ 07103 226000910 501c3 243587 0 N/A N/A Grants to support researchers' early stage innovative ideas. Kessler Foundation Eagle Rock Road East Hanover NJ 07936 311562134 501c3 143190 0 N/A N/A Grants to support researchers' early stage innovative ideas. 6 0 Schedule I, Part I, Line 2 Grants are awarded to Rutgers University, Rowan University, New Jersey Institute of Technology, Princeton University and Stevens Institute of Technology to support specific research and technology subject to grant submission and approval by a committee of the board of directors. Investment income from permanently restricted endowed funds are used in accordance with the donors intent. Award letters are sent to the university specifying the amount of the grant, specific department and purpose of the grant. For NJHF research grants final programmatic and financial reports are submitted detailing the use of the funding and the research completed. X X X 0 0 0 0 0 0 0 0 0 James M Golubieski President 447460 0 0 0 0 0 63664 0 10716 0 521840 0 0 0 Aggie Worthington VP Finance 231171 0 0 0 0 0 33520 0 0 0 264691 0 0 0 Laura Harrel VP Admin and HR 165055 0 0 0 0 0 23933 0 21372 0 210360 0 0 0 X 7 650530 FMV 0 0 1 0 Form 990, Part VI, Section A, Line 6 The sole member of New Jersey Health Foundation is Foundation for Health Advancement. Form 990, Part VI, Section A, Line 7a The Board of Directors of New Jersey Health Foundation are elected by the Member, Foundation for Health Advancement. Form 990, Part VI, Section A, Line 7b The annual budget of the Foundation requires approval of the Member. In addition, the Foundation shall not encumber any assets/make distributions of assets without consent of the Member. Form 990, Part VI, Section B, Line 11b Form 990 is compiled by the VP of Finance with the assistance of the VP of HR and Administration. The completed draft return is sent to an outside tax professional who reviews the return. The completed return is then reviewed by the CEO and President. Any modifications to the return based on those reviews are made. The Finance Committee reviews the return and provides any comments and recommendations. The 990 is finalized the sent to the full board of directors prior to submission. Form 990, Part VI, Section B, Line 12c All officers and directors must complete a conflict of interest questionnaire on an annual basis. In addition, all individuals completing the questionnaire acknowledge by signature that they agree to comply with the conflict of interest policy and will update the information provided in the event of any material change. Form 990, Part VI, Section B, Line 15 The compensation committee consisting of the Vice Chair, Chair and Secretary of the Board of Directors must meet annually to review and approve the compensation of the president and officers of the organization. The process includes review and approval by the compensation committee through the use of comparable compensation information, contemporaneous documentation and recordkeeping. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy and financial statements of the organization are available upon request. Form 990, Part XI, Line 9 Represents dividend to affiliated organization (Foundation for Health Advancement) Foundation Venture Capital Group 155 Village Blvd Suite 130 Princeton NJ 08540 Invest NJ 0 2427815 New Jersey Health Foundation Health Start NJ 155 Village Blvd Suite130 Princeton NJ 08540 Invest NJ 0 0 New Jersey Health Foundation Foundation for Health Advancement 155 Village Blvd Ste 130 Princeton NJ 08540 812316726 Support research at affiliated organizations through Innovation Grant Program and related activities NJ 501(c)(3) 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 Foundation for Health Advancement b 1463520 Capital contribution from New Jersey Health Foundation to Foundation for Health Advancement.