2023-12-19T15:23:00-07:00 2023-06-30 Thomas Lanning CPA 1 Domidion Court Middletown NJ 07748 990 2022-07-01 030430873 NEW JERSEY HEALTH FOUNDATION INC NEWJ 9087316610 155 Village Blvd Suite 130 Princeton NJ 08540 Aggie Worthington VP Finance 6094331216 2023-12-19 1 1 Thomas Lanning P00851654 7325399078 2023-12-18 X 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z James M Golubieski 155 Village Blvd Ste 130 Princeton NJ 08540 12452571 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 10 10 0 0 887202 10390393 0 0 2502197 2062178 0 0 3389399 12452571 9246072 8812023 0 0 1983874 2199632 0 0 0 608460 629903 11838406 11641558 -8449007 811013 191355258 210682249 4985960 4198509 186369298 206483740 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 5991971 5991971 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 5018895 2815517 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, Cooper University Healthcare, Hackensack Meridian Health and Rowan School of Osteopathic Medicine to help further research in a wide variety of medical and scientific areas. 4535 4535 0 Payments to charitable gift annuitant holders. 0 0 0 11015401 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 10 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 561431 0 11034 Aggie Worthington VP Finance 30 10 X 273893 0 0 Laura Harrel VP Admin and HR 35 5 X 203915 0 22476 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 1039239 0 33510 5 0 1 0 0 0 0 0 0 0 10390393 148787 10390393 0 2062178 0 0 2062178 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12452571 0 0 2062178 8812023 8812023 0 0 0 0 0 0 1263194 978075 285119 0 0 0 0 0 724017 563106 160911 0 81802 63396 18406 0 53150 38786 14364 0 77469 60038 17431 0 0 0 0 0 86472 86472 0 0 42000 9882 32118 0 0 0 0 0 0 0 0 0 0 0 47539 35654 11885 0 0 0 0 0 58775 51894 6881 0 95415 95415 0 0 0 0 0 0 160555 120416 40139 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -35490 0 -35490 0 40979 0 40979 0 133658 100244 33414 0 0 0 0 0 11641558 11015401 626157 0 198843 263342 414969 219458 214157 202865 52271 11292 131080585 150769001 58732246 58652396 876344 766760 191355258 210682249 916874 915474 2127054 2220726 0 0 0 0 905000 30000 0 0 0 0 0 0 1037032 1032309 4985960 4198509 X 50995719 53769584 135373579 152714156 186369298 206483740 191355258 210682249 811013 19720092 0 -416663 0 0 X 0 1 X 1 0 X X X 1 Foundation for Health Advancement 812316726 7 1 35490 0 1 35490 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 185688227 10095445 21530173 5102991 5543707 405284 206261863 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 0.27 0.73 0 0 0 0 0 0 0 0 0 0 0 20551 9259 11292 0 193606 193606 0 0 0 0 0 11292 53396153 F 5256243 C 58652396 0 Obligation under lease agreement 821852 Due to other organizations 210457 1032309 X Schedule D, Part IV, Line 2b The organization has an escrow held with a bank related to a transaction with an investee company. The balance belongs to NJHF to be used for any expenses incurred by NJHF related to its role as shareholder representation in the transaction. 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 New Jersey Health Foundation files a tax return in the U.S. federal jurisdiction and is registered as a charity in NJ. The foundation has no unrecognized tax liabilities or uncertain tax positions at June 30, 2023. The Organization did not have any tax related interest or penalties for the periods reported in the consolidated financial statements as of and for the years ended June 30, 2023 and 2022. 1 Rutgers University College Avenue New Brunswick NJ 08901 228001086 115 6789439 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 96818 0 N/A N/A Grants to support researchers' early stage innovative ideas. Rowan University 42 East Laurel Road Stratford NJ 08084 222764819 115 950673 0 N/A N/A Grants to support researchers' early stage innovative ideas. Princeton University West College Avenue Princeton NJ 08540 210634501 501c3 70700 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 152281 0 N/A N/A Grants to support researchers' early stage innovative ideas. University Hospital 150 Bergen Street Newark NJ 07103 471686351 501c3 22200 0 N/A N/A Grants to support researchers' early stage innovative ideas. Cooper University Hospital 1 Cooper Plz Camden NJ 08103 210634462 501c3 106665 0 N/A N/A Grants to support researchers' early stage innovative ideas. Hackensack Meridian Health 399 Thornall St Edison NJ 08837 010649794 501c3 384516 0 N/A N/A Grants to support researchers' early stage innovative ideas. Kessler Foundation Eagle Rock Road East Hanover NJ 07936 311562134 501c3 116000 0 N/A N/A Grants to support researchers' early stage innovative ideas. Edward J Ill Excellence in Medicine Foundation 174 Nassau St Princeton NJ 08542 208498347 501c3 70103 0 N/A N/A Grant to organization to support scholarship program 8 2 Schedule I, Part I, Line 2 Grants are awarded to NJHF affiliated organizations 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 474521 0 86910 0 0 0 67372 0 11034 0 639837 0 65182 0 Aggie Worthington VP Finance 224453 0 49440 0 0 0 32867 0 0 0 306760 0 37080 0 Laura Harrel VP Admin and HR 166213 0 37792 0 0 0 24481 0 22476 0 250962 0 28344 0 X 1 148787 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 Foundation for Health Advancement elects/appoints the board members of the governing body of New Jersey Health Foundation. Form 990, Part VI, Section A, Line 7b The annual budget of New Jersey Health Foundation (NJHF) requires approval of the Member. In addition, the NJHF shall not encumber any assets/make distributions of assets without the 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 and 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 of NJHF meet annually to review and approve the compensation of the president and officer 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. Foundation Venture Capital Group 155 Village Blvd Suite 130 Princeton NJ 08540 Invest NJ 0 1384789 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