Clara Maass Foundation

Organization Overview

Clara Maass Foundation is located in Oceanport, NJ. The organization was established in 1982. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Clara Maass 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 12/2021, Clara Maass Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF CLARA MAASS 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 SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF CLARA MAASS 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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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$154,594
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,270,127
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,424,721
Total Program Service Revenue$925,002
Investment income $56,235
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$6,568
Net Income from Fundraising Events $0
Net Income from Gaming Activities $6,650
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,406,040

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Clara Maass Foundation has recieved totaling $43,974.

Awarding OrganizationAmount
Provident Bank Foundation Inc

Iselin, NJ

PURPOSE: MRI SUITE

$20,000
Joy In Childhood Foundation Inc

Canton, MA

PURPOSE: Support Sick and Hungry Kids

$15,000
Community Foundation Of New Jersey

Morristown, NJ

PURPOSE: GENERAL SUPPORT

$8,197
Equitable Foundation Inc

New York, NY

PURPOSE: GENERAL SUPPORT

$750
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$27
View Grant Recipient Profile

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