Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
100th percentile
Higher top officer pay than 100% of similar nonprofits.
Top officer pay equals 600.8% of source-year revenue.
Asset Growth
21st percentile
Faster asset growth than 21% of similar nonprofits.
Revenue Growth
17th percentile
Faster revenue growth than 17% of similar nonprofits.
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
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Name | Title |
|---|---|
| Dean Janeway | Chair |
| James M Golubieski | President & CEO |
| Aggie Worthington | Vice President & CFO |
| Sandra Brown Sherman | Secretary |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Cooper University Hospital | Camden, NJ | 501c3 | Grants to support researchers early innovative ideas. | $211,000 |
| Rutgers University | New Brunswick, NJ | 115 | Grants to support researchers early innovative ideas. | $124,992 |
| Rowan University | Stratford, NJ | 115 | To support researchers early innovative ideas. | $65,150 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $219,666 |
| Fundraising Gross Income | $35,683 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| EJI Excellence in Medicine Awards | $322,326 | $35,683 | $170,492 | $-134,809 |
| Total Events | $322,326 | $35,683 | $219,666 | $-183,983 |
| Liability | Amount |
|---|---|
| Amount due to affiliate | $339,785 |
“The sole member of Foundation for Health Advancement is New Jersey Health Foundation”
“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.”
“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.”
“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.”
“The governing documents, conflict of interest policy and financial statements of the organization are available upon request.”
“Represents costs incurred for the gala.”
“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.”
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/MissionDesc | 0 | 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. |
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| IRS990/PrincipalOfficerNm | 0 | James M Golubieski |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Charitable gift distributions to qualified charitable organizations made in accordance with recommendations made by donors. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 23500 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 23500 |
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| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Innovation 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/ExpenseAmt | 0 | 489150 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 411150 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 520695 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 439463 |
| IRS990/PYInvestmentIncomeAmt | 0 | 18938 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt | 0 | 0 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 41952 |
| IRS990/PYOtherRevenueAmt | 0 | -200235 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -142017 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 481415 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 339398 |
| IRS990/QuidProQuoContributionsInd | 0 | 1 |
| IRS990/QuidProQuoContriDisclInd | 0 | 1 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -575347 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RelatedOrganizationsAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 323326 |
| IRS990/RoyaltiesGrp/FundraisingAmt | 0 | 0 |
| IRS990/RoyaltiesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/RoyaltiesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 323326 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 530663 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50900 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 25930 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 26545 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 957364 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 18938 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 3023 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 21961 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.55953 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.67120 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 547957 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 409407 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 323326 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 530663 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50900 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 25930 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 26545 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 957364 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 979325 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/DisclosedForCharitablePrpsInd | 0 | 1 |
| IRS990ScheduleD/DisclosedOrgLegCtrlInd | 0 | 1 |
| IRS990ScheduleD/DonorAdvisedFundsContriAmt | 0 | 1000 |
| IRS990ScheduleD/DonorAdvisedFundsGrantsAmt | 0 | 23500 |
| IRS990ScheduleD/DonorAdvisedFundsHeldCnt | 0 | 3 |
| IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt | 0 | 205233 |
| IRS990ScheduleD/FederalIncomeTaxLiabilityAmt | 0 | 0 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/FundsAndOtherAccountsContriAmt | 0 | 0 |
| IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt | 0 | 0 |
| IRS990ScheduleD/FundsAndOtherAccountsHeldCnt | 0 | 0 |
| IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt | 0 | 0 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 339785 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Amount due to affiliate |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule D, Part X, Line 2 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 339785 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt | 0 | 0 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt | 0 | 0 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt | 0 | 286643 |
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