Civic Intelligence

Foundation for Health Advancement Inc

EIN 81-2316726 • 501(c)3 • Princeton, NJ

Profile

To solicit contributions from the general public to provide grants to high schools to support science, technology, engineering and mathematics programs and grants to researchers at affiliated universities in NJ through the Innovation Grants Program. FHA supports the EJI Excellence in Medicine Awards gala which solicits contributions to support scholarships.

155 Village Blvd Suite 130Princeton, NJ 08540

www.foundationforhealthadvancement.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

0.88x

Higher debt load relative to assets than 96% of similar nonprofits.

NTEE T • <$500k nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

3.78x

Higher debt load relative to revenue than 98% of similar nonprofits.

NTEE T • <$500k nonprofits • Source year 2025

Net Margin

7th percentile

-555%

Higher net margin than 7% of similar nonprofits.

NTEE T • <$500k nonprofits • Source year 2025

Top Officer Pay

100th percentile

$622,808

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 600.8% of source-year revenue.

NTEE T • <$500k nonprofits • Source year 2025

Asset Growth

21st percentile

-30%

Faster asset growth than 21% of similar nonprofits.

NTEE T • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

17th percentile

-69%

Faster revenue growth than 17% of similar nonprofits.

NTEE T • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$447,721

Down $195,578 (-30%) from 2024

Liabilities

Up

$392,285

Up $362,285 (+1208%) from 2024

Net Assets

Down

$55,436

Down $557,863 (-91%) from 2024

Revenue

Down

$103,660

Down $235,738 (-69%) from 2024

Expenses

Up

$679,007

Up $197,592 (+41%) from 2024

Net Income

Down

-$575,347

Down $433,330 (-305%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2017: $1,307Liabilities 2017: $30,1502017Assets 2018: $1,185Liabilities 2018: $59,7002018Assets 2019: $150,344Liabilities 2019: $90,550Net Assets 2019: $59,7842019Assets 2020: $358,950Liabilities 2020: $323,528Net Assets 2020: $35,4222020Assets 2021: $238,804Liabilities 2021: $591,319Net Assets 2021: -$352,5152021Assets 2022: $779,729Liabilities 2022: $18,667Net Assets 2022: $761,0622022Assets 2023: $510,316Liabilities 2023: $55,000Net Assets 2023: $455,3162023Assets 2024: $643,299Liabilities 2024: $30,000Net Assets 2024: $613,2992024Assets 2025: $447,721Liabilities 2025: $392,285Net Assets 2025: $55,4362025

Highlighted filing

2025

Assets$447,721
Liabilities$392,285
Net Assets$55,436

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2017: $325Expenses 2017: $29,168Net Income 2017: -$28,8432017Revenue 2018: $200Expenses 2018: $33,515Net Income 2018: -$33,3152018Revenue 2019: $78,700Expenses 2019: $111,960Net Income 2019: -$33,2602019Revenue 2020: $242,844Expenses 2020: $267,299Net Income 2020: -$24,4552020Revenue 2021: $29,568Expenses 2021: $417,505Net Income 2021: -$387,9372021Revenue 2022: $25,930Expenses 2022: $449,911Net Income 2022: -$423,9812022Revenue 2023: $68,221Expenses 2023: $372,433Net Income 2023: -$304,2122023Revenue 2024: $339,398Expenses 2024: $481,415Net Income 2024: -$142,0172024Revenue 2025: $103,660Expenses 2025: $679,007Net Income 2025: -$575,3472025

Highlighted filing

2025

Revenue$103,660
Expenses$679,007
Net Income-$575,347

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 4, 2025
Return Version
2024v5.0
Gross Receipts
$323,326
Mission and Program Overview

Mission

To solicit contributions from the general public to provide grants to high schools to support science, technology, engineering, and mathematics programs and grants to researchers at affiliated universities in NJ through the Innovation Grants Program. FHA holds educational seminars for innovators and students and is seeking contributions from these participants to support grants.

To solicit contributions from the general public to provide grants to support science, technology, engineering and mathematics programs to researchers through our Innovation Grants Program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$249,192$301,272▲ $52,080
Cash and Non-Interest-Bearing Accounts$259,496$128,460▼ $131,036
Prepaid Expenses and Deferred Charges$11,324$17,989▲ $6,665
Total Assets$643,299$447,721▼ $195,578
Other Assets Total$123,287--
Liabilities
Other Liabilities$0$339,785▲ $339,785
Grants Payable$30,000$52,500▲ $22,500
Total Liabilities$30,000$392,285▲ $362,285
Net Assets / Fund Balance
Net Assets With Donor Restrictions$79,550$264,375▲ $184,825
Net Assets Without Donor Restrictions$533,749$-208,939▼ $742,688
Total Net Assets Fund Balance$613,299$55,436▼ $557,863
Total Liabilities and Net Assets / Fund Balance$643,299$447,721▼ $195,578
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dean JanewayChair
James M GolubieskiPresident & CEO
Aggie WorthingtonVice President & CFO
Sandra Brown ShermanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$287,643
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-183,983
All Other Contributions
$1,000
Change in Net Assets
$-575,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$572,150
Other Expenses$106,857
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$572,150--$572,150
Fees for Services Legal$49,500$16,500$0$66,000
Other Expenses$28,500$9,500$0$38,000
Information Technology$0$2,250$0$2,250
Office Expenses$0$607$0$607
Total Functional Expenses$650,150$28,857$0$679,007
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cooper University HospitalCamden, NJ501c3Grants to support researchers early innovative ideas.$211,000
Rutgers UniversityNew Brunswick, NJ115Grants to support researchers early innovative ideas.$124,992
Rowan UniversityStratford, NJ115To support researchers early innovative ideas.$65,150
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$219,666
Fundraising Gross Income$35,683
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
EJI Excellence in Medicine Awards$322,326$35,683$170,492$-134,809
Total Events$322,326$35,683$219,666$-183,983
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Amount due to affiliate$339,785
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member of Foundation for Health Advancement is New Jersey Health Foundation

Form 990, Part VI, Section B, Line 11B

The 990 is compiled by the CFO with the assistance from the VP HR & Admin. The completed draft return is sent to an outside tax professional who reviews the return. The completed return is then reviewed by the President/CEO. Modifications are made based on those reviews. The BOD reviews the return and provides any additional comments. The 990 is finalized and sent to the BOD prior to filing.

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 COI policy and to update the information provided in the event of a material change.

Form 990, Part VI, Section B, Line 15

Foundation for Health Advancement does not have any employees. NJHF hires all employees. A management fee is charged by NJHF to FHA for services provided by the NJHF employees. NJHF maintains a formal process and compensation committee.

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.

Filing and Contact Details

Filer

Filer Name
Foundation for Health Advancement Inc
EIN
81-2316726
Phone
9087316610
Address
155 Village Blvd Suite 130, Princeton, NJ 08540

Signing Officer

Name
Aggie Worthington
Title
Vice President & CFO
Phone
9087316602
Signed
2025-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James M Golubieski
Formed
2016
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Thomas Lanning CPA
Address
2185 Dreamscape Dr, Bluffton, SC 29909
Preparer
Thomas Lanning
Phone
7325399078
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Represents costs incurred for the gala.

Financial Statement Notes

Schedule D, Part X, Line 2

The organization had no unrecognized tax liabilities or uncertain tax positions at June 30, 2025 and 2024. The Organization did not recognize any tax-related interest or penalties for the periods reported in these consolidated financial statements.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy3Grp/Desc0Innovation grants are provided to researchers at affiliated universities for proof of concept prior to starting a company with an investment by FVCG. Donations are solicited to support this grant program.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0489150
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0411150
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0520695
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0439463
IRS990/PYInvestmentIncomeAmt018938
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt041952
IRS990/PYOtherRevenueAmt0-200235
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-142017
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0481415
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0339398
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-575347
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0323326
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0323326
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0530663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt050900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt025930
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt026545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0957364
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt018938
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03023
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021961
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.55953
IRS990ScheduleA/PublicSupportPY170Pct00.67120
IRS990ScheduleA/PublicSupportTotal170Amt0547957
IRS990ScheduleA/SubstantialContributorsTotAmt0409407
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0323326
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0530663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt050900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt025930
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt026545
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0957364
IRS990ScheduleA/TotalSupportAmt0979325
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt01000
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt023500
IRS990ScheduleD/DonorAdvisedFundsHeldCnt03
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0205233
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/FundsAndOtherAccountsContriAmt00
IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt00
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt00
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0339785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Amount due to affiliate
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization had no unrecognized tax liabilities or uncertain tax positions at June 30, 2025 and 2024. The Organization did not recognize any tax-related interest or penalties for the periods reported in these consolidated financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalLiabilityAmt0339785
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0286643

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