NonprofitsNewton Medical Center Foundation

Newton Medical Center Foundation

MORRISTOWN, NJ

Total revenue

$3.0M

Total expenses

$1.9M

Net assets

$38.7M

Grants received

$579K

32 grants

EIN

222618102

Tax year

2024

Mission

To serve the philanthropic needs of Newton Medical Center and related entities.

Programs

3 programs

The Foundation purchases AEDs (Automated External Defribrillators) and charges nonprofit community organizations 50% of the cost. The Foundation then assumes the balance of the purchase price as a donation to the community.

Expenses: $96KGrants: $96K

Board approved funding that the Foundation awarded to Newton Medical Center for an Oncology Nurse Navigator to help assist the patient, their family, and/or caregivers across the continuum, to overcome any health barriers, providing a comprehensive assessment and facilitate timely referrals for appointments to the multidisciplinary oncology team

Expenses: $55KGrants: $55K

Represents targeted funding of various Newton Medical Center programs/healthcare intitiatives including ovarion cancer screening and nursing scholarships among others.

Expenses: $100KGrants: $100K

Financials

FY 2024

Revenue

Contributions & grants$1.2M
Program service revenue
Investment income$2.0M
Other revenue
Total revenue$3.0M

Expenses

Grants paid$1.4M
Salaries & benefits$316K
Fundraising$31K
Other expenses$169K
Total expenses$1.9M
Total assets$38.9M
Net assets$38.7M

People

31 listed

NameRoleCompensation

Mark Avondoglio

CHAIRMAN

Board

2 hrs/wk

Robert Adams

Trustee-President, Western

Board

2 hrs/wk

Megan Sandow

Trustee-Chief Dev Officer

Board

2 hrs/wk

Salvatore Dispenziere III

Treasurer

Board

2 hrs/wk

Buffie Dobbs

Trustee

Board

2 hrs/wk

Colleen Apter

Trustee

Board

2 hrs/wk

Larry Condit

Asst. Treasurer

Board

2 hrs/wk

E Jane Brown

Trustee

Board

2 hrs/wk

George W Morville Jr

Trustee

Board

2 hrs/wk

Greg Nolan

Trustee

Board

2 hrs/wk

Jason Apter

Trustee

Board

2 hrs/wk

Jeffrey J Quinn

Trustee

Board

2 hrs/wk

Jo-Ellen McCracken Hazen

Trustee

Board

2 hrs/wk

Karl Wagner

Trustee

Board

2 hrs/wk

Kim Ferruggia

Trustee

Board

2 hrs/wk

Kurt Walton

Trustee

Board

2 hrs/wk

Thomas N Ryan Esq

Trustee-Secretary

Board

2 hrs/wk

Mark Cummins

Trustee

Board

2 hrs/wk

Mary Waller

Trustee - Aux. Rep

Board

2 hrs/wk

Matthew Hannum

Trustee

Board

2 hrs/wk

Michael E Holenstein

Trustee

Board

2 hrs/wk

Michael Lanza Esq

Trustee

Board

2 hrs/wk

Richard Bourque

Trustee

Board

2 hrs/wk

Robert Masci MD FACC

Trustee

Board

2 hrs/wk

Donald Costlow DVM

Trustee

Board

2 hrs/wk

Raymond Cordts DMV

Trustee

Board

2 hrs/wk

Ronald K Harris MD

Trustee

Board

2 hrs/wk

David P Romano

Trustee-Vice Chairman

Board

2 hrs/wk

Tracey Woodhead

Trustee

Board

2 hrs/wk

Michael Walter

SVP-Chief Financial Office

Board

2 hrs/wk

Kevin Lenahan

EVP-Chief Business & Strat

Board

2 hrs/wk

Grants received

Showing 32 of 32

FromAmountPurposeYear
$10K
Medical Services
2024
$50K
GENERAL OPERATING
2023
$50K
YOUR CARE, OUR FUTURE CAMPAIGN
2023
$18K
MEDICAL AND RESEARCH ASSISTANCE
2023
$10K
Medical Services
2023
$6K
For grant recipient's exempt purposes
2023
$5K
PROVIDE THE HOSPITAL FOUNDATION WITH FUNDING FOR GENERAL NEEDS.
2023
$65K
GENERAL OPERATING
2022
$32K
DONATION FOR GENERAL PROGRAM CONTINUING SERVICES
2022
$24K
For grant recipient's exempt purposes
2022
$10K
Medical Services
2022
$5K
MEDICAL AND RESEARCH ASSISTANCE
2022
$3K
HEALTH AND SAFETY
2022
$3K
HEALTH AND SAFETY
2022
$3K
HEALTH AND SAFETY
2022
$7K
For grant recipient's exempt purposes
2021
$7K
For grant recipient's exempt purposes
2021
$50K
FOR COVID-19 RESPONSE
2020
$15K
For grant recipient's exempt purposes
2020
$10K
Medical Services
2020
$1K
Provide funding to preserve the present and future health and wellness needs of the staff and community
2020
$50
MIP PAYOUT FOR 06/12/20
2020
$2K
Provide funding to preserve the present and future health and wellness needs of the staff and community
2019
$50
GENERAL OPERATING SUPPORT
2018

Funded by

$579K from 15 funders · 32 grants · 2018–2024

Calvin A Agar Foundation

$115K · 2 grants · 2022–2023

Atlantic Health System Inc Group Return

$89K · 3 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$57K · 5 grants · 2020–2023

Diana Davis Spencer Foundation Inc

$50K · 1 grant · 2020

Kenneth and Alice Martin Family

$40K · 4 grants · 2020–2024

Kendryx Foundation Inc

$32K · 1 grant · 2022

Details

EIN222618102
Subsection03
Ruling date1985-09
Formed1985
Employees0
Volunteers15
NEWTON MEDICAL CENTER FOUNDATION — Mission, Financials & Grants Received | Grantivo