EIN 22-2618102

Newton Medical Center Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1985
Most recent tax filings
2022-12-01
Description
The Newton Medical Center Foundation serves the philanthropic needs of Newton Medical Center and related entities, existing to philanthropically serve the present and future health and wellness needs of our community and beyond. The Foundation transfers funds to support the hospital and its community through various capital campaigns, as well as purchasing AEDs for nonprofit organizations at a reduced cost. In 2021, the Foundation donated the balance of the purchase price to support the community.
Also known as...
Newton Memorial Hospital Foundation
Total revenues
$1,881,724
2022
Total expenses
$828,257
2022
Total assets
$30,900,027
2022
Num. employees
0
2022

Program areas at Newton Medical Center Foundation

Newton Medical Center Foundation transfers funds to Newton Medical Center (the "Hospital") to support the hospital and the community it serves. Transfers include payments on various capital campaigns supporting capital projects of the hospital as well as donations made for a specific purpose benefiting various areas of the hospital.
Board approved funding that the Foundation awarded to Emergency Department at Newton Medical Center hospital and represents internal funding from the Foundation to promote better patient care.
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. In 2021, the balance of the purchase price was $18,324.
Form 990, Part III, Line 4d, Other Program Services:Represents targeted funding of various Newtown Medical Center programs/healthcare initiatives including ovarian cancer screening and nursing scholarships among others.

Who funds Newton Medical Center Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Calvin A Agar FoundationGeneral Operating$65,000
Kendryx FoundationDonation for General Program Continuing Services$32,000
Atlantic Health SystemGeneral Support$26,226
...and 6 more grants received

Personnel at Newton Medical Center Foundation

NameTitleCompensation
Michael WalterSenior Vice President - Chief Financial Officer$0
Megan SandowTrustee - Chief Development Officer$0
Kevin LenahanExecutive Vice President - Chief Business and Strategy Officer$0
Keith VanfleetDirector of Accounting$0
David P RomanoTrustee$0
...and 11 more key personnel

Financials for Newton Medical Center Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,238,665
Program services$0
Investment income and dividends$548,176
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$177,438
Net income from fundraising events$-131,271
Net income from gaming activities$41,931
Net income from sales of inventory$6,785
Miscellaneous revenues$0
Total revenues$1,881,724

Form 990s for Newton Medical Center Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-10990View PDF
2020-122021-11-23990View PDF
2019-122021-02-24990View PDF
2018-122020-01-28990View PDF
...and 9 more Form 990s

Organizations like Newton Medical Center Foundation

OrganizationLocationRevenue
Jamestown Regional Medical Center FoundationJamestown, ND$1,239,762
Good Samaritan Medical Center FoundationLafayette, CO$1,132,088
Wilson Health FoundationSidney, OH$592,726
Margaret Mary Health FoundationBatesville, IN$878,622
Hammond-Henry Hospital FoundationGeneseo, IL$949,230
Passavant Hospital FoundationPittsburgh, PA$2,047,364
Mason General Hospital FoundationShelton, WA$783,961
Kettering Health Foundation (KMCF)Miamisburg, OH$3,740,673
SwedishAmerican FoundationRockford, IL$1,685,622
Southwestern Vermont Healthcare FoundationBennington, VT$7,749,894
Data update history
December 26, 2023
Received grants
Identified 2 new grant, including a grant for $6,587 from Sterling Chellis Tua
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 24, 2023
Updated personnel
Identified 1 new personnel
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Hospital foundationsGrantmaking organizationsHealth organizationsCharities
Issues
Health
Characteristics
Funds one specific organizationProvides grantsFundraising eventsEndowed supportFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employees
General information
Address
475 S St
Morristown, NJ 07960
Metro area
New York-Newark-Jersey City, NY-NJ-PA
Website URL
atlantichealth.org/locations/hospitals/newton-medical-center.html 
Phone
(973) 579-8513
IRS details
EIN
22-2618102
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1985
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E11: Health Care Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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