Community Medical Center Foundation
- Assets
- $14.5m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Oceanport, NJ
- Founding
- 05/1985
- Data as of
- 12/2021
- EIN
- 22-2597592
Organization Overview
Community Medical Center Foundation is located in Oceanport, NJ. The organization was established in 1985. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Community 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 12/2021, Community Medical Center Foundation generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 2.8% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF COMMUNITY MEDICAL CENTER; A RELATED IRC SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
EXPENSES INCURRED IN SUPPORT OF THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF COMMUNITY 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer A Shufran VP Development | Officer | 50 | $0 |
Peter Van Dyke ESQ Chairman - Trustee | OfficerTrustee | 1 | $0 |
Nicholas Pagano Vice Chair - Trustee | OfficerTrustee | 1 | $0 |
Lauren M Dooley Secretary - Trustee | OfficerTrustee | 1 | $0 |
Joseph J Lebel III Treasurer - Trustee | OfficerTrustee | 1 | $0 |
Rolando Acosta Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,970,397 |
| Investment income | $193,301 |
| 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 | $42,042 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,580,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $183,910 |
| 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 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,724 |
| Advertising and promotion | $0 |
| Office expenses | $15,835 |
| Information technology | $11,165 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $885 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,069,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,954 |
| Pledges and grants receivable | $5,775,904 |
| 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 | $12,309 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,346,171 |
| Intangible assets | $0 |
| Other assets | $326,337 |
| Total assets | $14,469,675 |
| Accounts payable and accrued expenses | $38,667 |
| 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 | $276,008 |
| Total liabilities | $314,675 |
| Net assets without donor restrictions | $4,729,000 |
| Net assets with donor restrictions | $9,426,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $14,155,000 |
Grants Awarded
Over the last fiscal year, Community Medical Center Foundation has awarded $1,678,665 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY MEDICAL CENTER PURPOSE: program support | $1,401,380 |
SAINT BARNABAS HOSPICE & PALLIATIVE CARE PURPOSE: PROGRAM SUPPORT | $117,270 |
COUNTY OF OCEAN PURPOSE: PROGRAM SUPPORT | $23,489 |
ASSOCIATES IN GASTROENTROLOGY PC PURPOSE: PROGRAM SUPPORT | $7,097 |
FAMILY PLANNING CENTER OF OCEAN COUNTY PURPOSE: PROGRAM SUPPORT | $52,821 |
HEALTH VILLAGE IMAGING LLC PURPOSE: CONTRIBUTION | $26,250 |