New Jersey Health Foundation
New Jersey Health Foundation reported $14.0 million in revenue and $14.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $95.03 went to program services, $4.97 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 84.0% of the total. The highest compensation it reported for one person was $622,808 (President & CEO). 4 people received more than $100,000 in reportable compensation. Revenue rose 464% between FY2021 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 169 covered medical research charities: $87.02 programs, $12.87 management, $0.11 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.0% | 83.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.0% | 12.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.1% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 84.0% | 72.7% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 5.8% |
| Highest reported compensation Part VII-A, columns D–F | $622,808 | $628,890 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.22% | 1.94% |
| People paid over $100,000 Part VII, line 2 | 4 | 18 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 200.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 93.8% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe 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
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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President & CEO Director/trustee, officer, 30 hrs/week | $599,792 | $0 | $23,016 | $622,808 |
| VP Finance & CFO Officer, 30 hrs/week | $293,744 | $0 | $0 | $293,744 |
| VP Admin and HR Key employee, 35 hrs/week | $217,503 | $0 | $12,984 | $230,487 |
4 people received more than $100,000 in reportable compensation from New Jersey Health Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 513
- Volunteers Part I, line 611
Correct a figure or respond
Every number above is copied from New Jersey Health Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New Jersey Health Foundation, you can publish a response that is linked from this page.
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Of every $100 New Jersey Health Foundation spent in FY2025, $95.03 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Jacobs InstituteBuffalo, NY · revenue $14M · programs 78.0% · 2025
- Biomed Valley CorporationKansas City, MO · revenue $14M · programs 80.2% · FY2025
- Center for Information and Study on Clinical Research ParticipationBoston, MA · revenue $14M · programs 85.0% · 2025
- Steadman Philippon Research InstituteVail, CO · revenue $14M · programs 72.5% · 2024
- Eye and Ear FoundationPittsburgh, PA · revenue $14M · programs 85.5% · FY2025
All medical research charities · Largest charities in New Jersey
Questions people ask
How much of New Jersey Health Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, New Jersey Health Foundation reported that 95.0% of its $14.8 million in expenses went to program services, 5.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does New Jersey Health Foundation pay its top executive?
The largest total compensation New Jersey Health Foundation reported for one person in the fiscal year ending June 30, 2025 was $622,808, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Jersey Health Foundation get its money?
Of $14.0 million in revenue in the fiscal year ending June 30, 2025, 84.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is New Jersey Health Foundation a registered charity?
The IRS lists EIN 03-0430873 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202503499349300645 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500159349300035 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202343549349300529 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311299349303186 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231329349307663 · read the filing
All filings for EIN 03-0430873: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.