2024-11-13T15:14:16-06:00 2023-12-31 611416081 THE CURCHIN GROUP LLC 200 SCHULZ DR STE 400 RED BANK NJ 077016745 990 2023-01-01 226064970 HEALTH RESEARCH & EDUCATIONAL TRUST OF NEW JERSEY HEAL 6092754000 760 ALEXANDER ROAD PO BOX 1 PRINCETON NJ 085430001 CHRISTOPHER BAILEY CFO 6092754000 2024-11-11 1 0 CAROLYN GIUNCO KVALO P00291076 7327470500 2024-11-11 2023 2024-10-15 13:58:12Z CHRISTOPHER BAILEY 760 ALEXANDER ROAD PO BOX 1 PRINCETON NJ 085430001 2644093 0 X WWW.NJHA.COM/HRET/INDEX.ASP X 1964 NJ THE HEALTH RESEARCH AND EDUCATIONAL TRUST OF NEW JERSEY WAS ESTABLISHED IN 1964 BY THE NEW JERSEY HOSPITAL ASSOCIATION (NJHA). THE TRUST'S MISSION IS TO ENGAGE IN RESEARCH AND EDUCATIONAL ACTIVITIES THAT SUPPORT HEALTHCARE PROVIDERS IN DELIVERING ACCESSIBLE, AFFORDABLE, AND QUALITY CARE AND IN FOSTERING WELLNESS IN THEIR COMMUNITIES. THE TRUST QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ITS INCOME IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. 21 18 8 0 0 0 1859383 1447099 908730 649107 152394 266212 0 0 2920507 2362418 0 0 0 0 807361 696362 0 0 0 1784024 1228026 2591385 1924388 329122 438030 5889155 6204317 530962 120140 5358193 6084177 THE TRUST'S MISSION IS TO ENGAGE IN RESEARCH AND EDUCATIONAL ACTIVITIES THAT SUPPORT HEALTHCARE PROVIDERS IN DELIVERING ACCESSIBLE, AFFORDABLE, AND QUALITY CARE AND IN FOSTERING WELLNESS IN THEIR COMMUNITIES. 0 0 1021522 231816 RESEARCH, QUALITY & STAFFING: HRET RESEARCH AND QUALITY PROVIDE LEADERSHIP IN HEALTHCARE QUALITY AND SAFETY. HRET AT A STATE LEVEL HAS COMMITTED TO EDUCATION AND RESEARCH EFFORTS TO IMPROVE THE CARE OF PATIENTS AND FOCUSING ON MATERNAL AND CHILD HEALTH, QUALITY IMPROVEMENT AND PATIENT SAFETY, HEALTHCARE RESOURCES, MENTAL HEALTH & SUBSTANCE ABUSE, INCLUDING THE GARDEN STATE PATIENT SAFETY CENTER. 314366 238583 EDUCATION: HRET EDUCATION PROVIDES CONTINUING EDUCATION PROGRAMS FOR TRUSTEES, CEO'S, MANAGERS, ETC., WORKING IN THE NEW JERSEY HEALTHCARE ORGANIZATIONS AND COMMUNITIES. EDUCATION DESIGNS, PROVIDES WORKSHOPS, CONFERENCES, SEMINARS AND WEBINARS, AND OFFERS CONTINUING EDUCATION CREDITS TO A VARIETY OF DISCIPLINES. THESE CONTINUING EDUCATION PROGRAMS ADDRESS A BROAD SPECTRUM OF HEALTHCARE TOPICS. THESE INCLUDE, BUT ARE NOT LIMITED TO IMPROVING TRANSITIONS OF CARE ACROSS THE CONTINUUM, QUALITY IMPROVEMENT THROUGH COMMUNITY ORGANIZING: EQUIPPING LEADERS FOR A NEW HEALTH SYSTEM, PERINATAL MORBIDITY AND MORTALITY, AND SUICIDE & STIGMA: TAKING THE CONVERSATION OUT OF THE SHADOWS. 15000 178708 DATA REPORTER: HRET DATA REPORTER HELPS NEW JERSEY HOSPITALS TO ENHANCE THEIR QUALITY OF CARE AND PATIENT SAFETY, AND IMPROVE THE ACCURACY AND RELIABILITY OF PATIENT DATA INFORMATION COLLECTED AT REGISTRATION.COLLECTS HOSPITAL UNIFORM DATA FOR ANALYSIS BY THE HEALTHCARE INDUSTRY. 1350888 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 22 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X CHRISTOPHER BAILEY 6092754000 760 ALEXANDER ROAD PRINCETON NJ 085430001 MARY ELLEN CLYNE TRUSTEE CLASS OF 2024 1.00 X 0 0 0 KATHLEEN KAMINSKY TRUSTEE CLASS OF 2024 1.00 X 0 0 0 ALMA S RATCLIFFE TRUSTEE CLASS OF 2024 1.00 X 0 0 0 CATHLEEN BENNETT PRESIDENT & CEO 1.00 40.00 X X 0 1360761 55716 KAREN FREEMAN TRUSTEE CLASS OF 2024 1.00 X 0 0 0 JOSEPH DUFFY TRUSTEE CLASS OF 2024 1.00 X 0 0 0 DONNA R LAWSON TRUSTEE CLASS OF 2024 1.00 X 0 0 0 VINCENT BARBA TRUSTEE CLASS OF 2024 1.00 X 0 0 0 STEPHANIE SCHWARTZ TRUSTEE CLASS OF 2023 1.00 X 0 0 0 MARK STRAUDER TREASURER & CHAIRMAN OF FINANCE COMMITTEE 1.00 X 0 0 0 MEIKA NEBLETT TRUSTEE CLASS OF 2023 1.00 X 0 0 0 MICHELLE O'KEEFE TRUSTEE CLASS OF 2023 1.00 X 0 0 0 DEANNA SPERLING TRUSTEE CLASS OF 2023 1.00 X 0 0 0 CHRISTOPHER BAILEY ASSISTANT TREASURER 1.00 40.00 X X 0 386105 52306 JOSE AZAR TRUSTEE CLASS OF 2023 1.00 X 0 0 0 EDWARD J CONDIT EX-OFFICIO 1.00 X 0 2200 0 FRANK A GHINASSI CHAIR 1.00 X 0 0 0 ALAN SICKLES TRUSTEE CLASS OF 2023 1.00 X 0 0 0 LYDIA STOCKMAN TRUSTEE CLASS OF 2023 1.00 X 0 0 0 DEBORAH D VISCONI SECRETARY 1.00 X 0 0 0 CINDY A SORG ASSISTANT SECRETARY 1.00 24.00 X 0 90922 22429 BELINDA B COOPER CHO 1.00 40.00 X 0 239688 34986 RAYMOND A BRANDES COO 1.00 40.00 X 0 330312 44638 JENNIFER MARIE BARRET-SRYFI DIRECTOR, PROGRAM DEVELOP 35.00 X 119062 0 12211 NATALIE JONES NURSING CONTINUING EDUCATION MANAGER 40.00 0.00 X 118768 0 29106 237830 2409988 251392 2 0 1 0 0 934271 512828 1447099 INST FOR RESEARCH, QUA 611710 470399 470399 INST FOR RESEARCH, QUA 900099 178708 178708 649107 137538 137538 410349 281675 128674 128674 128674 2362418 649107 0 266212 536293 536293 34609 34609 63802 63802 61658 61658 6767 6767 17743 17703 40 15000 15000 19968 19968 6120 6120 3239 3239 30198 29325 873 448945 448945 102226 102226 PURCHASED SERVICES 281601 276520 5081 PROFESSIONAL SERVICE FE 185191 185191 EDUCATIONAL SEMINARS & 90488 90488 MISCELLANEOUS 20540 17092 3448 1924388 1350888 573500 0 1011463 748552 355970 300098 70806 57732 625086 625086 0 0 3802364 4410681 648552 687254 5889155 6204317 395569 58609 84397 5685 50996 55846 530962 120140 X 5358193 6084177 5358193 6084177 5889155 6204317 X 438030 313198 -25244 X X 0 1 X 1 0 X 3611931 1984394 2210448 1859383 1119933 10786089 3611931 1984394 2210448 1859383 1119933 10786089 1762813 9023276 132148 78501 82632 94545 137538 525364 49 17 100 166 11311619 0.79770 0.80950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 303235 303235 0 291779 291779 0 30072 30072 0 0 PENSION - PREPAID 631408 ASSETS HELD IN TRUST 55846 687254 LIABILITIES FOR ASSETS HELD IN TRUST 55846 55846 X 2618271 313198 313198 2305073 57345 57345 2362418 1924388 0 1924388 0 1924388 PART X, LINE 2: THE TRUST HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2023. THE TRUST'S U.S. FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO CALENDAR YEAR 2020 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. PART XI, LINE 4B - OTHER ADJUSTMENTS: NJHA FEES 57,345. 0 1 0 0 0 0 0 1 0 CATHLEEN BENNETT PRESIDENT & CEO 0 852312 0 172608 0 335841 0 33000 0 22716 0 1416477 0 0 CHRISTOPHER BAILEY ASSISTANT TREASURER 0 339945 0 43400 0 2760 0 28050 0 24256 0 438411 0 0 RAYMOND A BRANDES COO 0 290756 0 0 0 39556 0 21653 0 22985 0 374950 0 0 BELINDA B COOPER CHO 0 203196 0 31850 0 4642 0 21335 0 13651 0 274674 0 0 PART I, LINE 4B NEW JERSEY HOSPITAL ASSOCIATION MAINTAINS A 457(F) SUPPLEMENTAL RETIREMENT PLAN FOR SENIOR STAFF. CATHLEEN BENNETT AND SEAN HOPKINS ARE PARTICIPANTS IN THE "PLAN." EMPLOYER CONTRIBUTIONS TOTALING $296,574 WERE FUNDED IN 2023 TO THIS "PLAN." NEW JERSEY HOSPITAL ASSOCIATION MAINTAINS A 457(B) SUPPLEMENTAL RETIREMENT PLAN FOR SENIOR STAFF. CATHLEEN BENNETT AND SEAN HOPKINS ARE PARTICIPANTS IN THE "PLAN." THE PLAN IS FUNDED EXCLUSIVELY BY VOLUNTARY EMPLOYEE CONTRIBUTIONS. PART I, LINE 7 INCENTIVE COMPENSATION BASED UPON ESTABLISHED GOALS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF NEW JERSEY HOSPITALS. FORM 990, PART VI, SECTION A, LINE 7A TRUSTEES ARE ELECTED BY MEMBER HOSPITALS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE AUDIT AND COMPLIANCE COMMITTEE AND MADE AVAILABLE TO ALL MEMBERS OF THE GOVERNING BOARD VIA SECURE WEBLINK BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C IN ACCORDANCE WITH THE NJHA "CODE OF CONDUCT", ALL EMPLOYEES ARE REQUIRED TO REPORT ANY "CONFLICT OF INTEREST" (WHICH INCLUDES FAMILIAL OR BUSINESS RELATIONSHIPS WITH OTHER NJHA EMPLOYEES) TO THE NJHA COMPLIANCE OFFICER AND THEIR SUPERVISOR. THIS IS DONE ON A "SELF DISCLOSURE INCIDENT REPORTING FORM". ALL EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE THEIR UNDERSTANDING OF THIS POLICY, IN WRITING, ON AN ANNUAL BASIS AS PART OF THEIR ANNUAL REVIEW PROCESS. ALL EMPLOYEES MUST ALSO COMPLETE A MANDATORY "COMPLIANCE TRAINING" SESSION ANNUALLY. ADDITIONALLY, TRUSTEES MUST ALSO COMPLETE A "CONFLICT OF INTEREST" FORM ANNUALLY, DISCLOSING ANY POTENTIAL CONFLICTS. NJHA ALSO USES A "1-800" HOTLINE FOR CODE OF CONDUCT VIOLATION REPORTING. FORM 990, PART VI, SECTION B, LINE 15 OUTSIDE COMPENSATION CONSULTANTS ROUTINELY REVIEW TOTAL COMPENSATION OF THE CEO, CFO, AND OTHER SENIOR MANAGEMENT PERSONNEL WITH THE EXECUTIVE COMPENSATION COMMITTEE. OTHER MEMBERS OF UPPER MANAGEMENT ARE PERIODICALLY REVIEWED AND ASSESSED USING DATA OBTAINED VIA PUBLISHED SURVEYS AND OTHER EXTERNAL MARKET DATA, INTERNAL EQUITY CONCERNS AND RELATIVE PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 18 A SIGNED COPY OF THE FORM 990 AND SUPPLEMENTAL SCHEDULES WILL BE PROVIDED TO GUIDESTAR FOR POSTING ON THEIR WEBSITE SO IT IS AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION C, LINE 19 NJHA'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. NJHA'S CERTIFICATE OF INCORPORATION IS AVAILABLE THROUGH THE SECRETARY OF STATE'S OFFICE. FORM 990, PART XI, LINE 9: MINIMUM PENSION LIABILITY ADJUSTMENT 33,917. OTHER ADJUSTMENTS (INTERCO FEES) -57,345. PENSION EXPENSE -1,816. FORM 990, PART XII, LINE 2C NO CHANGE TO AUDIT OVERSIGHT PROCESS OR INDEPENDENT ACCOUNTANT SELECTION PROCESS. NEW JERSEY HOSPITAL ASSOCIATION 760 ALEXANDER ROAD PO BOX 1 PRINCETON NJ 08543 210618622 TRADE ASSOC. NJ 501(C)(6) N/A 0 HEALTHCARE EMPLOYEES FEDERAL CREDIT UNION 29 EMMONS DR STE C-40 PRINCETON NJ 08540 222570818 COOP FIN INST NJ 501(C)(1) N/A 0 NJHA HEALTHPAC 760 ALEXANDER ROAD PO BOX 1 PRINCETON NJ 08543 222978626 PAC NJ 527 N/A 0 NJHA HEALTHCARE BUSINESS SOLUTIONS 760 ALEXANDER ROAD PO BOX 1 PRINCETON NJ 08543 222325161 ADMINISTRATIVE NJ NJHA C 0 NEW JERSEY HOSPITAL ASSOCIATION INS 760 ALEXANDER ROAD PO BOX 1 PRINCETON NJ 08543 226136100 PURCH. GROUP NJ N/A T 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 1 1 NJHA HEALTHCARE BUSINESS SOLUTIONS INC K 6120 PROPORTIONATE SQUARE FOOTAGE NEW JERSEY HOSPITAL ASSOCIATION L 47442 SVC. FEES NJHA NJHA HEALTHCARE BUSINESS SOLUTIONS INC L 112693 SVC. FEES HBS NEW JERSEY HOSPITAL ASSOCIATION M 104787 SVC. FEES NJHA NJHA HEALTHCARE BUSINESS SOLUTIONS INC M 504293 SVC. FEES HBS NEW JERSEY HOSPITAL ASSOCIATION O 65161 PAYROLL TRANSFER NJHA HEALTHCARE BUSINESS SOLUTIONS INC R 26265 CASH TRANSFERS NJHA HEALTHCARE BUSINESS SOLUTIONS INC S 14572 CASH TRANSFERS