Overview
What is Health Research & Educational Trust Of New Jersey?
The Health Research & Educational Trust of New Jersey, established in 1964 by the New Jersey Hospital Association (NJHA), is a renowned nonprofit organization based in Princeton, New Jersey. With a mission centered around research and education, this trust supports healthcare providers in delivering accessible, affordable, and quality care. Their activities primarily focus on maternal and child health, quality improvement, patient safety, healthcare resources, mental health, and substance abuse. The organization, which operates under the 501(C)(3) tax-exempt status, is committed to fostering wellness in their communities. With a dedicated team of 12 employees, they engage in educational initiatives aimed at enhancing the capabilities of healthcare providers and improving the overall healthcare landscape.
Official website here: www.njha.com/hret/index.asp
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Health Research & Educational Trust of New Jersey has achieved an impressive score of 96%, reflecting a strong commitment to accountability and financial management. The organization stands out with 85% of its board members being independent, ensuring that decision-making processes are unbiased and transparent. Furthermore, it has demonstrated effective oversight through its audit and financial statements, which receive top marks.
Strengths of the organization include a high program expense ratio of approximately 73%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. The absence of any material diversion of assets and the presence of thorough governance policies, such as those for conflicts of interest and whistleblowing, further enhance its credibility and operational integrity.
While the organization shows robust performance in various categories, it is crucial for potential donors to consider that the score reflects specific aspects of financial health and governance. Users should continue to monitor ongoing performance and program impact to ensure that contributions are making a meaningful difference in health research and education initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Health Research & Educational Trust Of New Jersey legitimate?
Health Research & Educational Trust Of New Jersey is a legitimate nonprofit organization registered as a 501(c)(3) entity. Health Research & Educational Trust Of New Jersey submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $639,794
For more financial information, click here
Official website here: www.njha.com/hret/index.asp
What is the mission statement of Health Research & Educational Trust Of New Jersey?
The Health Research & Educational Trust of New Jersey, established in 1964, is dedicated to engaging in research and educational activities that support healthcare providers in delivering accessible, affordable, and high-quality care. This mission is aimed at fostering wellness within their communities. As a tax-exempt organization under 501(C)(3) of the Internal Revenue Code, the Trust's income is exempt from federal and state income taxes. The Trust's efforts in research and quality include leadership in healthcare quality and safety, with a focus on maternal and child health, quality improvement and patient safety, healthcare resources, mental health, and substance abuse. Additionally, they have committed to education and research efforts to improve patient care at a state level.
Official website here: www.njha.com/hret/index.asp
Who is the CEO of Health Research & Educational Trust Of New Jersey?
Christopher Bailey is the Chairman of Health Research & Educational Trust Of New Jersey. The CEO's salary of Health Research & Educational Trust Of New Jersey is $0 and their total compensation is $1,292,325.
Official website here: www.njha.com/hret/index.asp
What is the revenue of Health Research & Educational Trust Of New Jersey?
Health Research & Educational Trust Of New Jersey's revenue in 2022 was $2,920,507.
Official website here: www.njha.com/hret/index.asp
Who are the executives of Health Research & Educational Trust Of New Jersey and what are their salaries?
The average compensation at Health Research & Educational Trust Of New Jersey during 2022 was $53,316. There are 12 employees at Health Research & Educational Trust Of New Jersey.
Here are 25 key members and their salaries (Health Research & Educational Trust Of New Jersey's CEO's salary is $0 and their total compensation is $1,292,325):
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- Other: $35,618
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- Related: $291,424
- Other: $36,821
- Compensation: $115,670
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- Other: $11,401
Official website here: www.njha.com/hret/index.asp
Where can I find the form 990 for Health Research & Educational Trust Of New Jersey?
Health Research & Educational Trust Of New Jersey's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.njha.com/hret/index.asp
Learn more at the official website: www.njha.com/hret/index.asp
Mission Statement of Health Research & Educational Trust Of New Jersey
The Health Research & Educational Trust of New Jersey, established in 1964 by the New Jersey Hospital Association, is a tax-exempt organization under 501(C)(3) of the Internal Revenue Code. Its mission, in simple terms, is to engage in research and educational activities that support healthcare providers in delivering accessible, affordable, and quality care. This mission is aimed at fostering wellness within the communities they serve.
In a more detailed context, the Trust's mission is geared towards bolstering the capabilities of healthcare providers. By engaging in research and education, they strive to enhance the standard of care provided, making it more accessible and affordable for the general public. Furthermore, the Trust's mission extends beyond just improving healthcare delivery; it also aims to foster wellness within the communities they serve. This holistic approach to healthcare and community welfare is a testament to the Trust's commitment to its mission.
At a state level, the Health Research & Educational Trust of New Jersey has committed to educational and research efforts to improve patient care. Their focus areas include maternal and child health, quality improvement and patient safety, healthcare resources, mental health, and substance abuse. Through these initiatives, the Trust seeks to make a significant impact on the healthcare landscape, ensuring that patients receive the best possible care. The Trust's commitment to these areas underscores its dedication to its mission and its role as a key player in the healthcare sector.
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Impact
October, 2024
The Health Research & Educational Trust of New Jersey (HRET) has made a significant impact on healthcare delivery in the state by focusing on research and educational initiatives that enhance the quality, accessibility, and affordability of care. Established in 1964, HRET works collaboratively with healthcare providers to foster wellness and improve patient outcomes across communities.
HRET leads efforts in healthcare quality and safety, emphasizing maternal and child health, patient safety, mental health, and substance abuse. Its commitment to quality improvement has rallied stakeholders to adopt best practices and evidence-based strategies, creating safer healthcare environments for patients. Programs like the Garden State Patient Safety Center exemplify HRET’s dedication to reducing medical errors and promoting a culture of safety within healthcare settings.
Through its research and education initiatives, HRET equips healthcare professionals with the knowledge and tools necessary to address contemporary healthcare challenges. By focusing on innovative solutions and practical resources, HRET supports the ongoing development of a healthcare system that prioritizes the well-being of all New Jersey residents. Ultimately, HRET’s efforts have a profound and lasting impact on healthcare standards, influencing policy changes and fostering collaborations that enhance community wellness throughout the region.
This information is meant to be a general summary of Health Research & Educational Trust Of New Jersey. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $152,394
- Program Service Revenue: $908,730
- Gross Receipts: $3,020,359
Assets and Liabilities:
- Total Assets: $5,889,155
- Total Liabilities: $530,962
- Net Assets: $5,358,193
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INST FOR RESEARCH, QUA
Revenue
$746,559
INST FOR RESEARCH, QUA
Revenue
$162,171
Organization Details
Founding Year
1964
Phone
(609) 275-4000Principal Officer
Christopher Bailey
Main Address
760 ALEXANDER ROAD PO BOX 1, PRINCETON, NJ, 085430001
Website
www.njha.com/hret/index.aspNTEE Category
Code: E00B - Health
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