Medical Staff Of Newark Beth Israel Medical Center
- Assets
- $1.7m
- Revenue
- $430.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 10/2017
- Data as of
- 12/2022
- EIN
- 82-1316218
Organization Overview
Medical Staff Of Newark Beth Israel Medical Center is located in Newark, NJ. The organization was established in 2017. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Staff Of Newark Beth Israel Medical Center is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Medical Staff Of Newark Beth Israel Medical Center generated $430.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $291.7k during the year ending 12/2022. While expenses have increased by 0.2% 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.
Since 2017, Medical Staff Of Newark Beth Israel Medical Center has awarded 17 individual grants totaling $210,951. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ADVANCE MEDICAL EXCELLENCE AND EDUCATION FOR THE NEWARK BETH ISRAEL HOSPITAL MEDICAL STAFF MEMBERSHIP, TO SUPPORT AND RECOGNIZE ASSOCIATES OF SAME FOR THEIR EFFORTS TOWARDS ACHIEVING THE MEDICAL STAFF GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDENTIALING SERVICES TO MEMBERSHIP
DINNER MEETINGS FOR MEMBERSHIP TO DISCUSS STATE OF AFFAIRS FOR MEDICAL COMMUNITY AND CONTINUING EDUCATION
PROMOTE GOODWILL TOWARDS MEMBERSHIP AND THEIR ASSOCIATES THROUGH SPECIAL EVENTS IN THEIR HONOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Helfman President | Officer | 5 | $50,000 |
Ravindra N Karanam Vice President | Officer | 5 | $25,000 |
Nudrat Ayub Secretary/treasurer | Officer | 5 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $407,697 |
| Investment income | $22,982 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $430,679 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,686 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,000 |
| 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 | $37,677 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,352 |
| Total functional expenses | $291,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $630,972 |
| Savings and temporary cash investments | $401,324 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $644,679 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,676,975 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,676,975 |
Grants Awarded
Over the last fiscal year, Medical Staff Of Newark Beth Israel Medical Center has awarded $17,976 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Newark, NJ PURPOSE: ASSIST IN THE FOUNDATION'S GOALS - FOSTERING MEDICAL CARE EXCELLENCE | $10,476 |
Dallas, TX PURPOSE: TO FOSTER MEDICAL RESEARCH | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Medical Staff Of Newark Beth Israel Medical Center has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Provident Bank Foundation Inc Iselin, NJ PURPOSE: SENIOR WINTER PRODUCE DELIVERY PROGRAM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nysa-Ila Container Royalty Fund Jersey City, NJ | $55,480,172 | $104,394,382 |
Unsatisfied Claims & Judgement Fund Basking Ridge, NJ | $69,007,782 | $67,404,449 |
Gs1 Us Inc Ewing, NJ | $478,037,755 | $93,863,501 |
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Global Associations Of Risk Proffesionals Inc Jersey City, NJ | $66,882,119 | $55,059,565 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |
Workers Compensation Security Fund Basking Ridge, NJ | $229,766,675 | $28,644,741 |