The Newark Beth Israel Medical Center Foundation
- Assets
- $0.0
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- Data as of
- 12/2016
- EIN
- 22-2587176
Organization Overview
The Newark Beth Israel Medical Center Foundation is located in Newark, NJ. Newark Beth Israel 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 12/2016, Newark Beth Israel Medical Center Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $4.5m during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF NEWARK BETH ISRAEL 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 NEWARK BETH ISRAEL MEDICAL CENTER (WHICH INCLUDES CHILDREN'S HOSPITAL OF NEW JERSEY); 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc E Berson Chairman - Trustee | OfficerTrustee | 1 | $0 |
John P Meyerholz Vice Chair/treasurer - Trustee | OfficerTrustee | 1 | $0 |
Laura L Schilare Corporate Controller | Officer | 50 | $0 |
Eric Brundage Trustee | Trustee | 1 | $0 |
Reverend William Christian Trustee | Trustee | 1 | $0 |
Charles Cathcart MD Trustee | Trustee | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $107,336 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,670,635 |
| Noncash contributions included in lines 1a–1f | $25,333 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,777,971 |
| Total Program Service Revenue | $419,466 |
| Investment income | $1,570,275 |
| 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 | $5,767,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,636,128 |
| Grants and other assistance to domestic individuals. | $39,400 |
| 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 | $3,886 |
| Fees for services: Accounting | $14,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $35,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,732 |
| Advertising and promotion | $0 |
| Office expenses | $11,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,840 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,456,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, The Newark Beth Israel Medical Center Foundation has awarded $3,636,128 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEWARK BETH ISRAEL MEDICAL CENTER PURPOSE: PROGRAM SUPPORT | $3,626,003 |
Newark, NJ PURPOSE: PROGRAM SUPPORT | $10,125 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Newark Beth Israel Medical Center Foundation has recieved totaling $845,149.
| Awarding Organization | Amount |
|---|---|
Valerie Fund Maplewood, NJ PURPOSE: SUPPORT OF CHILDREN'S CENTER | $834,673 |
Medical Staff Of Newark Beth Israel Medical Center Newark, NJ PURPOSE: ASSIST IN THE FOUNDATION'S GOALS - FOSTERING MEDICAL CARE EXCELLENCE | $10,476 |
Endowment Analysis
Peer Organizations
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|---|---|---|
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The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Nurtury Inc Roxbury, MA | $15,395,426 | $20,648,224 |
Partnership To End Addiction New York, NY | $61,675,636 | $16,194,669 |
Humanim Inc Columbia, MD | $20,769,725 | $20,890,295 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Jewish Nursing Home Of Western Mass Inc Longmeadow, MA | $27,155,425 | $18,778,772 |
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
River Valley Counseling Center Inc Holyoke, MA | $5,921,638 | $20,559,237 |