Newton Medical Center Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222618102 ✦ Morristown, NJ ✦ Designated as a 501(c)(3)

Overview

What is Newton Medical Center Foundation?

Newton Medical Center Foundation is a charitable organization, serving as the philanthropic arm of Newton Medical Center in Morristown, New Jersey. Its primary mission is to support the hospital and the community it serves by transferring funds for various purposes. These funds are utilized in capital campaigns, backing hospital projects and specific donations aimed at benefiting various hospital sectors. The Foundation's activities are centered around addressing the philanthropic needs of Newton Medical Center and related entities, with a focus on advancing the present and future health and wellness of the community, as defined by the hospital.


Official website here: www.nmhnj.org

Is Newton Medical Center Foundation legitimate?

Newton Medical Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newton Medical Center Foundation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $331,830

For more financial information, click here


Official website here: www.nmhnj.org

What is the mission statement of Newton Medical Center Foundation?

The Newton Medical Center Foundation, acting as the philanthropic arm of Newton Medical Center, is committed to serving the philanthropic needs of the hospital and related entities. Their mission, in essence, is to contribute to the current and future health and wellness needs of the community, as defined by Newton Medical Center. This is achieved through transferring funds to the hospital, supporting various capital projects and specific purposes that benefit various hospital areas.


Official website here: www.nmhnj.org

Who is the CEO of Newton Medical Center Foundation?

Michael Walter is the Trustee-President, Western Region of Newton Medical Center Foundation.


Official website here: www.nmhnj.org

What is the revenue of Newton Medical Center Foundation?

Newton Medical Center Foundation's revenue in 2022 was $1,881,724.


Official website here: www.nmhnj.org

Who are the executives of Newton Medical Center Foundation and what are their salaries?

Here are 29 key members and their salaries:

    Kevin Lenahan (Evp-Chief Business & Strategy Officer)
  • Compensation: $0
  • Related: $4,617,182
  • Other: $1,431,850

    • Robert Adams (Trustee-President, Western Region)
  • Compensation: $0
  • Related: $938,328
  • Other: $144,093

    • Megan Sandow (Trustee-Chief Dev Officer)
  • Compensation: $0
  • Related: $268,184
  • Other: $32,449

    • Michael Walter (Svp-Chief Financial Officer)
  • Compensation: $0
  • Related: $255,292
  • Other: $37,186

    • Keith Vanfleet-Termed 92422 (Director Of Accounting)
  • Compensation: $0
  • Related: $264,747
  • Other: $23,004

    • Buffie Dobbs (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Colleen Apter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David P Romano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • E Jane Brown (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George W Morville Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Nolan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Apter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey J Quinn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jo-Ellen Mccracken Hazen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karl Wagner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Ferruggia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kurt Walton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Condit (Trustee-Asst. Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Avondoglio (Trustee-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Cummins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Waller (Trustee - Aux. Rep)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Hannum (Trustee-Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael E Holenstein (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Lanza Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Bourque (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Masci Md Facc (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Salvatore Dispenziere Iii (Trustee-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas N Ryan Esq (Trustee-Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donald Costlow Dvm (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nmhnj.org

    Where can I find the form 990 for Newton Medical Center Foundation?

    The Newton Medical Center Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nmhnj.org

    Learn more at the official website: www.nmhnj.org

    Mission Statement of Newton Medical Center Foundation

    The Newton Medical Center Foundation, serving as the philanthropic arm of Newton Medical Center, is dedicated to addressing the present and future health and wellness needs of its community and beyond. This nonprofit organization's mission is to provide financial support to the hospital and the community it serves, through various capital campaigns and donations. These campaigns and donations are specifically aimed at funding capital projects within the hospital, ensuring the continued growth and development of the healthcare facilities and services available to the community.

    Impact

    This information is meant to be a general summary of Newton Medical Center Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Newton Medical Center Foundation's impact is significant in supporting the philanthropic needs of Newton Medical Center and related entities. By transferring funds to Newton Medical Center, the foundation provides essential support for the hospital and the community it serves. This includes contributions towards capital campaigns for vital projects and donations designated for specific purposes that benefit various areas of the hospital. The foundation's mission to serve the health and wellness needs of the community is crucial in ensuring the continued growth and excellence of Newton Medical Center.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $725,614
  • Program Service Revenue: $0
  • Gross Receipts: $3,886,524

    • Assets and Liabilities:
  • Total Assets: $30,900,027
  • Total Liabilities: $201,484
  • Net Assets: $30,698,543
  • Organization Details

    Founding Year

    1985

    Principal Officer

    Michael Walter

    Main Address

    475 South Street, Morristown, NJ, 07960

    NTEE Category

    Code: E11 - Health

    If you are a representative of Newton Medical Center Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.