Medical Needs Foundation Inc
- Assets
- $211.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mountain Lakes, NJ
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 22-3599504
Organization Overview
Medical Needs Foundation Inc is located in Mountain Lakes, NJ. The organization was established in 1999. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), 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. Medical Needs Foundation Inc 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 12/2021, Medical Needs Foundation Inc generated $34.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $21.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (24.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MEDICAL ASSISTANCE TO FAMILIES IN NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pia Abate Trustee | 0 | $0 | |
Patricia Mcelduff Trustee | 0 | $0 | |
Katie Albanese Trustee | 0 | $0 | |
Sharon Wendler Trustee | 0 | $0 | |
Isobel Menard Treasurer | 0 | $0 | |
Andrew Purcell President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,805 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,194 |
| Other Revenue | $0 |
| Total Revenue | $34,017 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,909 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,462 |
| Total expenses | $21,085 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $209,973 |
| Other assets | $0 |
| Total assets | $211,091 |
| Total liabilities | $11,000 |
| Net assets or fund balances | $200,091 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Medical Needs Foundation Inc has recieved totaling $70,200.
| Awarding Organization | Amount |
|---|---|
Atlantic Health System Inc Morristown, NJ PURPOSE: General Support | $70,000 |
Goldthwaite Foundation Raleigh, NC PURPOSE: GENERAL | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Care Association Of New York State Inc New York, NY | $3,005,957 | $10,507,423 |
Rochester General Health System Workers Compensation Trust Rochester, NY | $64,779,425 | $9,122,686 |
Pennsylvania Life And Health Insurance Guaranty Association Bala Cynwyd, PA | $31,198,315 | $342,282 |
Healthlinkny Inc Binghamton, NY | $4,803,344 | $8,971,239 |
Southampton Hospital Association Southampton, NY | $88,601,547 | $8,188,950 |
Detectives Endowment Association Health Benefits Fund New York, NY | $393,840 | $6,970,697 |
Master Faster Inc Monroe, NY | $839,129 | $5,272,684 |
Trenton Health Team Inc Trenton, NJ | $4,949,522 | $7,306,792 |
Uce Of Fit Welfare Trust Fund New York, NY | $5,359,791 | $5,442,038 |
Hastings Center Inc Garrison, NY | $16,202,430 | $3,675,360 |
Living Beyond Breast Cancer Bala Cynwyd, PA | $18,803,445 | $5,732,376 |
Friends Of Karen Inc North Salem, NY | $6,402,198 | $4,525,124 |