Community Medical Center Foundation
- Assets
- $11.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Oceanport, NJ
- Founding
- 05/1985
- Data as of
- 12/2020
- EIN
- 22-2597592
Organization Overview
Community Medical Center Foundation is located in Oceanport, NJ. The organization was established in 1985. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Medical Center Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Community Medical Center Foundation generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $3.0m during the year ending 12/2020. While expenses have increased by 2.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF COMMUNITY MEDICAL CENTER; A RELATED IRC SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORT OF THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF COMMUNITY MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jarrod C Grasso Chairman - Trustee | OfficerTrustee | 1 | $0 |
Nicholas Pagano Vice Chair - Trustee | OfficerTrustee | 1 | $0 |
Lauren M Dooley Secretary - Trustee | OfficerTrustee | 1 | $0 |
Joseph J Lebel III Treasurer - Trustee | OfficerTrustee | 1 | $0 |
Jennifer A Shufran VP Development | Officer | 50 | $0 |
Glenn Miller Rwjbh Chief Dev. Officer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,013 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,333,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,458,660 |
| Total Program Service Revenue | $671,582 |
| Investment income | $212,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $16,165 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,358,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,174,037 |
| Grants and other assistance to domestic individuals. | $64,169 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $858 |
| Advertising and promotion | $0 |
| Office expenses | $10,972 |
| Information technology | $11,295 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,375 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,992,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,755 |
| Pledges and grants receivable | $2,376,016 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,314 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,343,062 |
| Intangible assets | $0 |
| Other assets | $1,323,676 |
| Total assets | $11,108,823 |
| Accounts payable and accrued expenses | $6,542 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $383,281 |
| Total liabilities | $389,823 |
| Net assets without donor restrictions | $1,308,000 |
| Net assets with donor restrictions | $9,411,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,108,823 |
Grants Awarded
Over the last fiscal year, Community Medical Center Foundation has awarded $1,678,665 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY MEDICAL CENTER PURPOSE: program support | $1,401,380 |
West Orange, NJ PURPOSE: PROGRAM SUPPORT | $117,270 |
Toms River, NJ PURPOSE: PROGRAM SUPPORT | $52,821 |
Oceanport, NJ PURPOSE: PROGRAM SUPPORT | $31,301 |
HEALTH VILLAGE IMAGING LLC PURPOSE: CONTRIBUTION | $26,250 |
COUNTY OF OCEAN PURPOSE: PROGRAM SUPPORT | $23,489 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Community Medical Center Foundation has recieved totaling $17,150.
| Awarding Organization | Amount |
|---|---|
Kotzas Fam Charitable Foundation Toms River, NJ PURPOSE: CHARITABLE | $11,650 |
Manasquan Bank Charitable Foundation Inc Wall Township, NJ PURPOSE: HOSPITAL FOUNDATION | $3,000 |
Provident Bank Foundation Inc Iselin, NJ PURPOSE: J. PHILLIP CITTA REGIONAL CANCER CENTER PATIENT TRANSPORTATION PROGRAM | $2,500 |
Endowment Analysis
| Beg. Balance | $2,533,000 |
| Ending Balance | $2,533,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
Lvhn Scranton Orthopedic Specialists Allentown, PA | $3,870,668 | $16,734,711 |
Guthrie Towanda Memorial Hospital Towanda, PA | $0 | $13,772,403 |
Lehigh Valley Hospital - Coordinated Health Bethlehem Allentown, PA | $0 | $23,779,920 |
Margaretville Memorial Hospital Margaretville, NY | $7,505,744 | $15,666,335 |
Shore Rehabilitation Institute Inc Brick, NJ | $9,020,027 | $18,706,830 |
Geisinger Jersey Shore Hospital Danville, PA | $29,794,644 | $19,405,127 |
Upmc Pittsburgh, PA | $6,204,114 | $10,718,414 |
Community Medical And Dental Care Monsey, NY | $10,163,630 | $17,584,178 |
Rochester Regional Health Foundation Rochester, NY | $93,100,640 | $25,028,358 |
Lourdes Cardiology Services Pc Marlton, NJ | $93,350 | $14,562,644 |
Broad Top Area Medical Center Inc Broad Top, PA | $5,548,744 | $12,291,788 |