Nonprofit · EIN 22-2456079
MONMOUTH MEDICAL CENTER FOUNDATION INC
Tax-exempt · OCEANPORT, NJ 07757
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,687,199 | $18,928,392 | -$8,241,193 | $81,810,711 | $589,711 | $81,221,000 |
| December 31, 2023 | 990 | $46,425,596 | $7,344,129 | $39,081,467 | $89,374,344 | $298,344 | $89,076,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,087,795
- Program service revenue
- $2,860,069
- Investment income
- $739,335
- Net gain from sales of assets
- $25,233
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $15,472,768
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $117,378
- Travel
- $4,572
- Program services (functional)
- $15,472,768
- Management and general (functional)
- $1,919,119
- Fundraising (functional)
- $1,536,505
Balance sheet and other
- Total assets, start of year
- $89,374,344
- Total assets, end of year
- $81,810,711
- Total liabilities, end of year
- $589,711
- Net assets, end of year
- $81,221,000
- Net assets without donor restrictions
- $6,548,000
- Net assets with donor restrictions
- $74,673,000
- Gross unrelated business income
- $552,765
- Gross receipts
- $11,229,729
- Employees
- 0
- Volunteers
- 40
- Year formed
- 1982
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WAHEED ERAKY MD | TRUSTEE Trustee or director | 55 | $0 | $770,548 | $30,372 |
| CAITLIN R OLSON | VP DEVELOPMENT Officer | 55 | $0 | $339,091 | $13,846 |
| GREGORY GRECO MD | TRUSTEE Trustee or director | 55 | $0 | $141,304 | $17,293 |
| ANIL K SHARMA MD | TRUSTEE (TERMED 2024) Trustee or director | 10 | $0 | $7,200 | $0 |
| JAY GRUNIN | VICE CHAIR - TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM THYGESON | TREASURER - TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANDREA Z AIKINS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINA ALFONSO-ERCAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANDREA BONFIGLIO-SPENCE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| GARY CHROPUVKA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| WALTER DASZKOWSKI | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CAROLYN DEFORTE-WASSERFALL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MEGHAN DEL PRIORE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| WARREN DIAMOND | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAYNA GOLD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ABBY KELLY | TRUSTEE Trustee or director | 1 | $0 |
| DENNIS KELLY | TRUSTEE Trustee or director | 1 | $0 |
| BONNIE KLEIN | TRUSTEE Trustee or director | 1 | $0 |
| BARRIE KNEE | TRUSTEE Trustee or director | 1 | $0 |
| KERRIN O'BRIEN | TRUSTEE Trustee or director | 1 | $0 |
| VINCENT TIZZIO | TRUSTEE Trustee or director | 1 | $0 |
| DANIEL WHALEN | TRUSTEE Trustee or director | 1 | $0 |
| MAURICE ZEKARIA | TRUSTEE Trustee or director | 1 | $0 |
| CLAIRE M KNOPF | CHAIR - TRUSTEE (TERMED 5/24) Trustee or director, Officer | 1 | $0 |
| MARIO A MONELLO | SEC - TRUSTEE (TERMED 5/24) Trustee or director, Officer | 1 | $0 |
| CAROLYN DESENA | TRUSTEE (TERMED 5/24) Trustee or director | 1 | $0 |
| NOEL MIHALOW | TRUSTEE (TERMED 5/24) Trustee or director | 1 | $0 |
| PATRICK P SCIRE | TRUSTEE (TERMED 5/24) Trustee or director | 1 | $0 |
| GLENN MILLER | RWJBH CHIEF DEV. OFFICER Officer | 0 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WAHEED ERAKY MD | TRUSTEE Trustee or director | 55 | $0 | $717,772 | $44,881 |
| CAITLIN R OLSON | VP DEVELOPMENT Officer | 55 | $0 | $287,234 | $18,336 |
| ANIL K SHARMA MD | TRUSTEE Trustee or director | 10 | $0 | $7,425 | $0 |
| CLAIRE M KNOPF | CHAIR - TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAY GRUNIN | VICE CHAIR - TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BONNIE KLEIN | VICE CHAIR - TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARIO A MONELLO | secretary - TRUSTEE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANDREA Z AIKINS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINA ALFONSO-ERCAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| GARY CHROPUVKA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CAROLYN DEFORTE-WASSERFALL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MEGHAN DEL PRIORE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CAROLYN DESENA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| WARREN DIAMOND | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAYNA GOLD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DENNIS KELLY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BARRIE KNEE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NOEL MIHALOW | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KERRIN O'BRIEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PATRICK P SCIRE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM THYGESON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| VINCENT TIZZIO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL WHALEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MAURICE ZEKARIA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| GLENN MILLER | RWJBH CHIEF DEV. OFFICER Officer | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- C/O CORP FINANCE 2 CRESCENT PLACE, OCEANPORT, NJ 07757-0000
- In care of
- % CATHERINE DOWDY CPA
- Principal officer (990 for 2024)
- CAITLIN R OLSON, 2 CRESCENT PLACE, OCEANPORT, NJ 07757
- Signed the 990
- CATHERINE DOWDY, SVP FINANCE
- Phone
- (973) 322-4032
- Website
- WWW.RWJBH.ORG
- Return prepared by
- WithumSmithBrown PC
Mission
TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF MONMOUTH 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.
Program accomplishments
- EXPENSES INCURRED IN SUPPORT OF THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF MONMOUTH 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 RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.Expenses $15,472,768 · grants $15,472,768 · revenue $3,412,834
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2456079
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E110)
- Assets (IRS master file)
- $81,810,711
- Income (IRS master file)
- $11,229,729
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,687,199 | $18,928,392 | $81,810,711 | XML |
| 990 | December 2023 | $46,425,596 | $7,344,129 | $89,374,344 | XML |
| 990 | December 2022 | $12,765,811 | $7,313,269 | $49,472,893 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2456079).
Questions about MONMOUTH MEDICAL CENTER FOUNDATION INC
- What is the EIN of MONMOUTH MEDICAL CENTER FOUNDATION INC?
- The employer identification number (EIN) of MONMOUTH MEDICAL CENTER FOUNDATION INC is 22-2456079.
- Is MONMOUTH MEDICAL CENTER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to MONMOUTH MEDICAL CENTER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONMOUTH MEDICAL CENTER FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONMOUTH MEDICAL CENTER FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONMOUTH MEDICAL CENTER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MONMOUTH MEDICAL CENTER FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names CAITLIN R OLSON.
- Who are the officers and directors of MONMOUTH MEDICAL CENTER FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 29 people; 0 received compensation from the organization.
- How much revenue does MONMOUTH MEDICAL CENTER FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,687,199, expenses of $18,928,392 and total assets of $81,810,711 at year end.
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