2015-11-11T16:44:20-06:00 2014-12-31 EISNERAMPER LLP 111 WOOD AVE SO STE 600 ISELIN NJ 088302700 990 2014-01-01 226064970 Health Research & Educational Trust of New Jersey % DAVID P LAVINS HEAL 6092754000 760 Alexander Road PO Box 1 Princeton NJ 085430001 DAVID P LAVINS officer 6094528097 2015-11-15 true RICHARD A SACKIN P00184276 7322437000 2015-11-15 2014 2016-04-25 22:37:26Z DAVID P LAVINS 760 ALEXANDER ROAD PO BOX 1 PRINCETON NJ 085430001 6273188 false X WWW.NJHA.COM/HRET/INDEX.ASP X 1964 NJ THE HEALTH RESEARCH AND EDUCATIONAL TRUST OF NEW JERSEY (THE "TRUST") OF NJ WAS ESTABLISHED IN 1964 BY THE NEW JERSEY HOSPITAL ASSOCIATION ("NJHA"). THE TRUST'S MISSION IS TO ENGAGE IN RESEARCH AND 20 19 47 0 6945444 6015149 75317 98817 130852 114516 -5880 -3753 7145733 6224729 0 0 0 0 1904948 3065986 0 0 0 4570858 3044060 6475806 6110046 669927 114683 5502436 5509254 1189780 1077957 4312656 4431297 X 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. false false 3810149 4391520 RESEARCH: THE RESEARCH DEPARTMENT'S GOAL IS TO SUPPORT HRET'S MISSION TO PROVIDE RESEARCH AND EDUCATIONAL ACTIVITIES TO PROMOTE QUALITY, AFFORDABLE, AND ACCESSIBLE HEALTHCARE AND ACTIVELY PARTICIPATES IN VARIOUS CAMPAIGNS TO RAISE PUBLIC AND PROVIDER AWARENESS REGARDING VITAL HEALTHCARE ISSUES. SOME OF THE DEPARTMENT'S GRANT DESCRIPTIONS INCLUDE: HOSPITAL PREPAREDNESS FOR EMERGENCY PREPAREDNESS, HOSPITAL ENGAGEMENT NETWORK (HEN) THAT IS A PARTNERSHIP FOR PATIENTS INITIATIVE PROGRAM. THIS PROGRAM IS A NATIONAL INITIATIVE TO IMPROVE THE QUALITY, SAFETY, AND AFFORDABILITY OF HEALTHCARE IN THE UNITED STATES, VETERAN'S CAC (CERTIFIED APPLICATION COUNSELORS) TRAINING IS A PROGRAM THAT GIVES UNEMPLOYED VETERANS A NEW MISSION BY HELPING NEW JERSEY RESIDENTS TO GET HEALTH INSURANCE, AND NEW JERSEY NURSING INITIATIVE IS A PROGRAM THAT ADDRESSES THE NURSING FACULTY SHORTAGE IN NEW JERSEY. 461156 398267 EDUCATION: PROVIDES CONTINUING EDUCATION PROGRAMS FOR TRUSTEES, CEO'S, MANAGERS, ETC. WORKING IN THE HEALTHCARE ORGANIZATIONS IN NEW JERSEY. EDUCATION DESIGNS, COORDINATES AND PROVIDES WORKSHOPS, CONFERENCES, AND SEMINARS AND OFFERS CONTINUING EDUCATION CREDIT TO A VARIETY OF DISCIPLINES. THESE CONTINUING EDUCATION PROGRAMS ADDRESS A BROAD SPECTRUM OF HEALTHCARE TOPICS. THESE INCLUDE, BUT ARE NOT LIMITED TO HEALTHCARE REFORM, QUALITY OF CARE, HUMAN RESOURCES, LEGISLATIVE AND REGULATORY CONCERNS, LEADERSHIP, MANAGERIAL AND TECHNICAL SKILLS AND BIOMEDICAL ETHICS. 276056 388568 QUALITY INSTITUTE: THE MISSION OF THE QUALITY AND PATIENT SAFETY IS TO IMPROVE THE QUALITY AND SAFETY OF HEALTHCARE SERVICES IN NEW JERSEY. QUALITY INSTITUTE IS COMMITTED TO EDUCATION, RESEARCH AND DATA COLLECTION TO HELP THE STATE'S HEALTHCARE PROVIDERS DELIVER HIGH QUALITY, EFFICIENT HEALTHCARE SERVICES. QUALITY INSTITUTE IS ALSO A DESIGNATED PATIENT SAFETY ORGANIZATION AMONG NEW JERSEY HOSPITALS. 5134 160419 4552495 true true false false false false false false false false true false false true true true true true false false false false false false true false false false false true false false false false false false false false false false false false true true false false false true 30 0 true 47 true false false false false false true true false false false false X 20 19 false false false false true true false true true false false true true true true true true true true false NJ X X DAVID P LAVINS 6092754000 760 ALEXANDER ROAD PRINCETON NJ 085430001 X John T Gribbin FACHE CHAIRMAN 0.0 0.0 X 0 2200 0 CINDY A SORG ASSISTANT SECRETARY 40.0 0.0 X X 0 132754 21848 DAVID P LAVINS CFO 40.0 0.0 X X 0 388252 38941 ELIZABETH A RYAN ESQ PRESIDENT & CEO 40.0 0.0 X X 0 959181 26488 MINNIE CAMPBELL DNSC RN TRUSTEE CLASS OF 2014 0.0 0.0 X 0 0 0 Lois M Dornan MSN RN CPHQ TRUSTEE CLASS OF 2014 0.0 0.0 X 0 0 0 Vincent D Joseph FACHE VICE CHAIRMAN 0.0 0.0 X 0 0 0 DR DEBORAH K ZASTOCKI FACHE RN TRUSTEE CLASS OF 2014 0.0 0.0 X 0 2200 0 JOHN A BRENNAN MD MPH TREASURER 0.0 0.0 X X 0 2200 0 DOUGLAS A STRUYK CPA LNHA SECRETARY 0.0 0.0 X 0 0 0 Dr STEVEN LANDERS TRUSTEE CLASS OF 2014 0.0 0.0 X 0 0 0 JOSEPH MILLER PhD TRUSTEE CLASS OF 2014 0.0 0.0 X 0 0 0 MARY ELLEN CLYNE PHD MSN RN NEA TRUSTEE CLASS OF 2014 0.0 0.0 X 0 0 0 MARK SPEKTOR DO MBA FACEP TRUSTEE CLASS OF 2014 0.0 0.0 X 0 0 0 JUDY DONLEN PHD TRUSTEE CLASS OF 2015 0.0 0.0 X 0 0 0 ELIZABETH SHERIDAN FACHE MA RN TRUSTEE CLASS OF 2014 0.0 0.0 X 0 0 0 SUSAN WALSH MD FACP TRUSTEE CLASS OF 2014 0.0 0.0 X 0 0 0 ALAN LIEBER TRUSTEE CLASS OF 2015 0.0 0.0 X 0 0 0 LESLIE HIRSCH FACHE EX-OFFICIO 0.0 0.0 X 0 1600 0 MARC H LORY TRUSTEE CLASS OF 2014 0.0 0.0 X 0 0 0 CAROLYN BEKES MD MHA TRUSTEE CLASS OF 2015 0.0 0.0 X 0 0 0 MAUREEN A SCHNEIDER MSN MBA TRUSTEE CLASS OF 2015 0.0 0.0 X 0 0 0 PAULINE SEITZ EXECUTIVE DIRECTOR 21.0 0.0 X 64288 0 4970 SEAN HOPKINS OFFICER - NJHA 0.0 40.0 X 0 349618 38378 ALINE M HOLMES OFFICER - NJHA 0.0 40.0 X 0 268913 34106 SARAH LECHNER OFFICER - NJHA 0.0 40.0 X 0 244536 21956 JOSEPH CARR CIO-HBS 0.0 40.0 X 0 225980 36881 MICHAEL GUERIERRO SENIOR VP - HBS 0.0 40.0 X 0 228326 31634 64288 2805760 255202 2 false true false RAND CORPORATION 1776 MAIN STREET SANTA MONICA CA 904072138 CONSULTING 172439 1 31464 1625136 4358549 6015149 EDUCATION 611710 48952 48952 RESEARCH 900099 49865 49865 98817 69627 69627 0 0 0 0 0 46316 1427 44889 44889 44889 43236 31464 47032 -3796 -3796 0 0 MISCELLANEOUS INCOME 900099 43 43 43 6224729 98817 110763 0 0 0 0 64288 64288 0 2386486 2386486 93746 93746 324665 324665 196801 196801 0 -7463 -7463 0 0 0 4736 4736 0 1584 1584 129653 127217 2436 65076 65076 37609 37609 99297 21041 78256 74280 74280 0 309038 307563 1475 0 1419123 1419123 2490 2490 0 22629 22629 COST OF SALES 157537 157537 PROFESSIONAL SERVICE FEES 363148 363148 PURCHASED SERVICES 310454 299399 11055 MISCELLANEOUS 54869 29565 25304 6110046 4552495 1557551 0 1285214 798952 189117 209938 0 0 544339 1025514 0 0 0 0 0 0 0 0 171272 28079 625086 621373 6203 3713 2963966 3167266 0 0 0 0 0 0 342325 275792 5502436 5509254 241322 467155 0 0 904801 566710 0 0 0 0 0 0 0 0 0 0 43657 44092 1189780 1077957 X 4312656 4431297 0 0 0 0 4312656 4431297 5502436 5509254 X 114683 110736 -106778 X X false true X true true true X 0 5474997 3467192 5416266 6406935 5365298 26130688 0 0 5474997 3467192 5416266 6406935 5365298 26130688 7944768 18185920 44802 47191 55693 52509 69627 269822 0 4973 -4565 -6826 -12354 -3796 -22568 26377942 0.68944 0.73643 X Schedule A, Part II, Line 10: LOSS FROM FUNDRAISING EVENTS: ($22,568) RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 303235 303235 248281 248281 73569 69856 3713 3713 PENSION - PREPAID 231700 ASSETS HELD IN TRUST 44092 275792 0 LIAB. FOR ASSETS HELD IN TRUST 44092 44092 X 5589817 110736 47032 157768 5432049 792680 792680 6224729 5364398 47032 47032 5317366 792680 792680 6110046 Part XII, Line 4b - Other Adjustments: RECLASS OF HBS service fee revenues = $792,680. Total to Part XII, Line 4b = $792,680 Part XI, Line 4b - Other Adjustments: reclass of HBS service fee revenues = $792,680. total to part XI, Line 4b = $792,680 PART X, LINE 2: The Trust has no unrecognized tax benefits at December 31, 2014. The Trusts U.S. Federal and state income tax returns prior to calendar year 2011 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS REVENUES = $47,032. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES = $47,032. GOLF OUTING 74700 31464 43236 8510 3200 18500 13026 3796 0 74700 31464 43236 8510 3200 18500 13026 3796 47032 -3796 760 Alexander Rd Princeton NJ 08543 X X X X X false true false false false false false true false CINDY A SORG ASSISTANT SECRETARY 0 113348 0 17910 0 1496 0 13151 0 8697 0 154602 0 0 DAVID P LAVINS CFO 0 284507 0 62829 0 40916 0 26000 0 12941 0 427193 0 0 ELIZABETH A RYAN ESQ PRESIDENT & CEO 0 646217 0 240975 0 71989 0 26000 0 488 0 985669 0 0 SEAN HOPKINS OFFICER - NJHA 0 283815 0 63481 0 2322 0 26000 0 12378 0 387996 0 0 ALINE M HOLMES OFFICER - NJHA 0 205461 0 41761 0 21691 0 21963 0 12143 0 303019 0 0 SARAH LECHNER OFFICER - NJHA 0 198807 0 35000 0 10729 0 13295 0 8661 0 266492 0 0 JOSEPH CARR CIO-HBS 0 199074 0 24585 0 2321 0 21033 0 15848 0 262861 0 0 MICHAEL GUERIERRO SENIOR VP - HBS 0 182954 0 43050 0 2322 0 19514 0 12120 0 259960 0 0 Part I, Line 4b: NEW JERSEY HOSPITAL ASSOCIATION MAINTAINS A 457(F) SUPPLEMENTAL RETIREMENT PLAN FOR SENIOR EXECUTIVE STAFF. ELIZABETH RYAN, DAVID P. LAVINS, SEAN HOPKINS, RANDALL MINNIEAR, SARAH LECHNER, AND ALINE HOLMES AS THE PARTICIPANTS IN THE "PLAN". EMPLOYER CONTRIBUTIONS TOTALING $250,831 WERE FUNDED IN 2014 TO THIS "PLAN". NEW JERSEY HOSPITAL ASSOCIATION MAINTAINS A 457(B) SUPPLEMENTAL RETIREMENT PLAN FOR SENIOR STAFF. ELIZABETH RYAN, DAVID P. LAVINS, SEAN HOPKINS, RANDALL MINNIEAR, SARAH LECHNER, AND ALINE HOLMES ARE PARTICIPANTS IN THE "PLAN". THE PLAN IS FUNDED EXCLUSIVELY BY VOLUNTARY EMPLOYEE CONTRIBUTIONS. ALINE HOLMES AND SARAH LECHNER ARE CURRENTLY THE ONLY ACTIVE PARTICIPANTS IN THIS PLAN AS OF 12/31/2014. Part I, Line 7: incentive compensation based upon established goals. Part II, Column D: THE NONTAXABLE BENEFITS REPORTED IN PART II, COLUMN (D) WERE FOR EMPLOYER CONTRIBUTIONS TO MEDICAL AND DENTAL INSURANCE. Form 990, Part 1, Line 1, Description of organization Mission: educational activities which support healthcare providers IN DELIVERING accessible, affordable, 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. 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 11: 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 "conflicts of interest" (which include family or business relationships with other NJHA employees) to the NJHA compliance officer and their supervisor. This is done on a "self disclsoure 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 ATTEND A MANDATORY "COMPLIANCE TRAINING" SESSION ANNUALLY. ADDITIONALLY, TRUSTEES MUST ALSO COMPLETE A "CONFLICT OF INTEREST" FORM ANNUALLY, DISCLOSING ANY CONFLICTS. NJHA ALSO USES A "1-800" HOTLINE FOR CODE OF CONDUCT VIOLATIONS. 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 VII, section A, line 1, column (B): trustees of the organization meet approximately six times a year. on a weekly basis, the amount of time for this service is nominal. therefore, zero hours are reported. certain board members, elizabeth ryan, david lavins, and cynthia sorg are also employees of the organization and related organization and are being compensated as such, not for services rendered as a board member. form 990, PART XI, line 9, other changes in net assets: minimum pension liability adjustment: (106,778) total to form 990, part XI, line 9: (106,778) form 990, part XII, line 2c: process has not changed from the prior tax year. form 990, part viIi, line 8a: excluded contributions: $31,464 form 990, part iii, line 4d: other program services: data reporter, expenses = $5,134; revenues = $160,419 FORM 990, PART VI, SECTION A, LINE 1: THERE ARE 22 TRUSTEES LISTED, BUT ONLY 20 TRUSTEES ARE VOTING MEMBERS OF THE GOVERNING BODY SINCE DAVID LAVINS AND CYNTHIA SORG ARE NON-VOTING MEMBERS. THERE ARE ONLY 19 INDEPENDENT VOTING MEMBERS SINCE ELIZABETH RYAN IS NOT INDEPENDENT. ARGUS COMMUNICATIONS CORP 760 ALEXANDER ROAD PO BOX 1 PRINCETON NJ 08543 222490968 inactive NJ HRET NEW JERSEY HOSPITAL ASSOCIATION 760 ALEXANDER RD PO Box 1 PRINCETON NJ 08543 210618622 TRADE ASSOc. NJ 501(C)(6) false HEALTHCARE EMPLOYEES FEDERAL CREDIT 760 ALEXANDER RD PO Box 1 PRINCETON NJ 08543 222570818 COOP FIN INST NJ 501(C)(1) false NJHA HEALTHPAC 760 ALEXANDER RD PO Box 1 PRINCETON NJ 08543 222978626 PAC NJ 527 false NJHA HEALTHCARE BUSINESS SOLUTIONS 760 ALEXANDER RD PO Box 1 PRINCETON NJ 08543 222325161 ADMINISTRATIV NJ NJHA C CORPORATION false NEW JERSEY HOSPITAL ASSOCIATION INS 760 ALEXANDER RD PO Box 1 PRINCETON NJ 08543 226136100 PURCH. GROUP NJ N/A Trust false true false false false false false false false false true true true false true true false true true NJHA Healthcare Business Solutions INC A 22 PROPORTIONATE O NJHA Healthcare Business Solutions inc k 78256 SQUARE FOOTAGE New Jersey HOSPITAL ASSOCIATION l 221741 svc. fees njha NJHA Healthcare Business Solutions inc l 48952 svc. fees hbs New Jersey HOSPITAL ASSOCIATION m 104456 svc. fees njha njha healthcare business solutions inc m 792680 svc. fees HBS New Jersey HOSPITAL ASSOCIATION o 228495 Payroll transfe njha healthcare business solutions inc r 131560 Cash transfers njha healthcare business solutions inc s 10 Cash transfers NJHA Healthcare Business Solutions INC p 283154 Cash transfers