Nonprofit · EIN 22-3451664
HEALTHCARE FOUNDATION OF NEW JERSEY INC
Tax-exempt · MILLBURN, NJ 07041
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $7,769,998 | $11,533,714 | -$3,763,716 | $207,749,318 | $8,723,613 | $199,025,705 |
| December 31, 2023 | 990-PF | $8,963,279 | $9,369,888 | -$406,609 | $198,968,478 | $6,881,263 | $192,087,215 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $3,314,153
- Interest
- $158
- Net gain from sales of assets
- $4,331,037
- Other income
- $124,650
Expenses
- Grants and similar amounts paid
- $9,504,472
- Compensation of officers, directors and key employees
- $570,450
- Salaries, compensation and benefits (total)
- $521,614
- Disbursements for charitable purposes
- $9,351,987
- Excise tax on investment income
- $137,940
Balance sheet and other
- Total assets, start of year
- $198,968,478
- Total assets, end of year
- $207,749,318
- Total liabilities, end of year
- $8,723,613
- Net assets, end of year
- $199,025,705
- Fair market value of assets
- $207,749,318
- Qualifying distributions
- $9,351,987
- Net investment income
- $10,553,150
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL SCHMIDT 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | EXECUTIVE DIRECTOR/CEO | 40 | $358,450 | $30,505 |
| STEFANO MUSOLINO JR CPA 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | CFO | 40 | $212,000 | $18,517 |
| MARCY FELSENFELD 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | SR. PROGRAM OFFICER Highest-paid employee | 40 | $153,300 | $30,048 |
| LISA BLOCK 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | SR. PROGRAM OFFICER Highest-paid employee | 40 | $149,100 | $24,507 |
| KEVIN MCMANEMIN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | GRANTS ADMINISTRATOR Highest-paid employee | 40 | $125,080 | $41,323 |
| BRENDA EARLY 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | EXECUTIVE ASSISTANT Highest-paid employee | 40 | $84,000 | $10,623 |
| AMY BSCHECHNER 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | CHAIR/TRUSTEE | 10 | $0 | $0 |
| JAY BLUMENFELD 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| MICHAEL D FRANCIS 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| AMY REISEN FREUNDLICH 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| DONALD B ROSENTHAL RESIGNED 1224 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| HOWARD MENAKER 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| MARION MEDOW 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| SHARON FALKIN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| BETH LEVITHAN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | HONORARY CHAIR/TRUSTEE | 5 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARVIN WERTHEIMER 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TREASURER/TRUSTEE | 5 | $0 |
| MONICA KADEN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/ASSISTANT TREASURER | 5 | $0 |
| NATALIE PECK 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | SECRETARY/TRUSTEE | 5 | $0 |
| CAROL P MARCUS 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | ASSISTANT SECRETARY/TRUSTEE | 5 | $0 |
| CANDY BLAU 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| PENINA BARR 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| JEFF BRAEMER 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| JEFF LANDAU NEW 524 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| LINDA STERLING NEW 524 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| ROSS SILVER NEW 524 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| PAM FISHMAN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| GARY O AIDEKMAN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| STEVEN R KAMEN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| ELIZABETH COHEN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| SUE WASSERMAN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| JEAN MANDELL 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| DAVID GUTSTEIN MD 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 |
| MICHAEL GOLDBERG 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE EX-OFFICIO | 5 | $0 |
990-PF for the year ended December 31, 2023: 36 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL SCHMIDT 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | EXECUTIVE DIRECTOR/CEO | 40 | $335,000 | $28,575 |
| STEFANO MUSOLINO JR CPA 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | CFO | 40 | $200,000 | $17,511 |
| MARCY FELSENFELD 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | SR. PROGRAM OFFICER Highest-paid employee | 40 | $146,000 | $29,844 |
| LISA BLOCK 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | SR. PROGRAM OFFICER Highest-paid employee | 40 | $142,000 | $22,530 |
| KEVIN MCMANEMIN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | GRANTS ADMINISTRATOR Highest-paid employee | 40 | $118,000 | $45,480 |
| BRENDA EARLY 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | EXECUTIVE ASSISTANT Highest-paid employee | 40 | $80,000 | $10,260 |
| AMY BSCHECHNER 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | CHAIR/TRUSTEE | 10 | $0 | $0 |
| JAY BLUMENFELD 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| MICHAEL D FRANCIS 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| ELLEN R WAGENBERG PASSED AWAY 3524 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| AMY REISEN FREUNDLICH 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| DONALD B ROSENTHAL 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| HOWARD MENAKER 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| MARION MEDOW 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| SHARON FALKIN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| STEPHANIE SHERMAN RESIGNED 11124 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/TRUSTEE | 5 | $0 | $0 |
| BETH LEVITHAN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | HONORARY CHAIR/TRUSTEE | 5 | $0 | $0 |
| MARVIN WERTHEIMER 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TREASURER/TRUSTE | 5 | $0 | $0 |
| MONICA KADEN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | VICE CHAIR/ASSISTANT TREASURER | 5 | $0 | $0 |
| NATALIE PECK 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | SECRETARY/TRUSTE | 5 | $0 | $0 |
| CAROL P MARCUS 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | ASSISTANT SECRETARY/TRUSTEE | 5 | $0 | $0 |
| CANDY BLAU 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| PENINA BARR 71 NEW 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| JEFF BRAEMER 71 NEW 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| PAM FISHMAN 71 NEW 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| GARY O AIDEKMAN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| NANCY COHEN RESIGNED 2124 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| REBECCA GOLD 630 RESIGNED 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| STEVEN R KAMEN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| TOBY FANBURG 630 RESIGNED 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| ELIZABETH COHEN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| SUE WASSERMAN 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| JEAN MANDELL 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| DAVID GUTSTEIN MD 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE | 5 | $0 | $0 |
| MICHAEL GOLDBERG 71 NEW 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE EX-OFFICIO | 5 | $0 | $0 |
| DAVID SAGINAW 11 RESIGNED 60 EAST WILLOW STREET 2ND FLOOR, MILLBURN, NJ 07041 | TRUSTEE EX-OFFICIO | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 60 E WILLOW ST 2ND FLR, MILLBURN, NJ 07041-1438
- Signed the 990-PF
- STEVE MUSOLINO, CFO
- Phone
- (973) 921-1210
- Website
- WWW.HFNJ.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 22-3451664
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $207,749,318
- Income (IRS master file)
- $50,702,610
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $7,769,998 | $11,533,714 | $207,749,318 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $8,963,279 | $9,369,888 | $198,968,478 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3451664).
Questions about HEALTHCARE FOUNDATION OF NEW JERSEY INC
- What is the EIN of HEALTHCARE FOUNDATION OF NEW JERSEY INC?
- The employer identification number (EIN) of HEALTHCARE FOUNDATION OF NEW JERSEY INC is 22-3451664.
- Is HEALTHCARE FOUNDATION OF NEW JERSEY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to HEALTHCARE FOUNDATION OF NEW JERSEY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HEALTHCARE FOUNDATION OF NEW JERSEY INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HEALTHCARE FOUNDATION OF NEW JERSEY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEALTHCARE FOUNDATION OF NEW JERSEY INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of HEALTHCARE FOUNDATION OF NEW JERSEY INC?
- The 990-PF for the year ended December 31, 2024 lists 33 people; 6 received compensation from the organization, the highest $358,450 (MICHAEL SCHMIDT, EXECUTIVE DIRECTOR/CEO).
- How much revenue does HEALTHCARE FOUNDATION OF NEW JERSEY INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $7,769,998, expenses of $11,533,714 and total assets of $207,749,318 at year end.
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