Nonprofit · EIN 22-3357053
MONMOUTH MEDICAL CENTER FACULTY PRACTICE PLAN INC
Tax-exempt · OCEANPORT, NJ 07757
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,118,572 | $14,466,481 | -$12,347,909 | $2,187,610 | $212,352,732 | -$210,165,122 |
| December 31, 2023 | 990 | $4,989,696 | $17,821,410 | -$12,831,714 | $2,113,744 | $199,889,385 | -$197,775,641 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,118,572
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $2,113,791
- Salaries, compensation and benefits (total)
- $3,676,599
- Professional fundraising fees
- $0
- Travel
- $7,672
- Program services (functional)
- $13,019,834
- Management and general (functional)
- $1,446,647
Balance sheet and other
- Total assets, start of year
- $2,113,744
- Total assets, end of year
- $2,187,610
- Total liabilities, end of year
- $212,352,732
- Net assets, end of year
- -$210,165,122
- Net assets without donor restrictions
- -$210,165,122
- Gross receipts
- $2,118,572
- Employees
- 111
- Volunteers
- 0
- Year formed
- 1995
- 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 |
|---|---|---|---|---|---|
| Douglas Livornese MD | Trustee Trustee or director | 55 | $0 | $911,060 | $26,579 |
| DMITRY OLEYNIKOV MD | CHAIRMAN Highest-paid employee | 55 | $793,350 | $0 | $23,955 |
| Kenneth M Granet MD | CMO Officer | 55 | $0 | $694,710 | $121,139 |
| ROBERT GRAEBE MD | CHAIRMAN Highest-paid employee | 55 | $568,435 | $0 | $44,933 |
| ROBERT A MASSARO MD | PHYSICIAN Highest-paid employee | 55 | $388,754 | $0 | $46,311 |
| SUZANNE MAGHERINI-ROTHE MD | PHYSICIAN Highest-paid employee | 55 | $319,722 | $0 | $18,590 |
| JOHN VACLAVIK MD | PHYSICIAN Highest-paid employee | 55 | $332,400 | $0 | $2,150 |
| Awani Kumar MD | Trustee Trustee or director | 25 | $0 | $37,900 | $0 |
| Avinash Gupta MD | Trustee Trustee or director | 25 | $0 | $22,635 | $0 |
| Mary Anne Nagy | Chair - Trustee Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Robert Sickel | Vice Chair - Trustee Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Ann Unterberg | Vice Chair - Trustee Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Anthony P Terracciano | Treasurer - Trustee Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Anne Marie Bramnick Esq | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Richard Crowe | Trustee Trustee or director | 1 | $0 | $0 | $0 |
32 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stephanie Cuskley | Trustee Trustee or director | 1 | $0 |
| Joel Davies Esq | Trustee Trustee or director | 1 | $0 |
| Raj Derasagayam PhD | Trustee Trustee or director | 1 | $0 |
| Jennifer Edmonds PhD | Trustee Trustee or director | 1 | $0 |
| Anne Evans-Estabrook | Trustee Trustee or director | 1 | $0 |
| Alyce Franklin | Trustee Trustee or director | 1 | $0 |
| Catherine D Franzoni | Trustee Trustee or director | 1 | $0 |
| Monique Griffith PsyD | Trustee Trustee or director | 1 | $0 |
| Derrick T Griggs | Trustee Trustee or director | 1 | $0 |
| Naomi Halpert | Trustee Trustee or director | 1 | $0 |
| John W Heavey | Trustee Trustee or director | 1 | $0 |
| Claire M Knopf | Trustee; Ex-Officio Trustee or director | 1 | $0 |
| Rabbi Aaron Kotler | Trustee Trustee or director | 1 | $0 |
| Zachary Lewis | Trustee Trustee or director | 1 | $0 |
| Yesenia Madas | Trustee Trustee or director | 1 | $0 |
| Lauren Marrus | Trustee Trustee or director | 1 | $0 |
| Jackeline Meijas-Fuertes | Trustee Trustee or director | 1 | $0 |
| Andrew J Melnick | Trustee Trustee or director | 1 | $0 |
| Valerie Montecalvo | Trustee Trustee or director | 1 | $0 |
| John Paik | Trustee Trustee or director | 1 | $0 |
| Honorable Jamie Perri | Trustee Trustee or director | 1 | $0 |
| Luanne Peterpaul Esq | Trustee Trustee or director | 1 | $0 |
| Adam Pfeffer Esq | Trustee Trustee or director | 1 | $0 |
| Arvind Prabhat MD | Trustee; Ex-Officio Trustee or director | 1 | $0 |
| Louis A Rodriguez PE | Trustee Trustee or director | 1 | $0 |
| Mary Anne Schafer | Trustee Trustee or director | 1 | $0 |
| Marta Silverberg | Trustee Trustee or director | 1 | $0 |
| Robert P Herrmann | Trustee (TERM 5/24) Trustee or director | 1 | $0 |
| H Woody Knopf | Trustee (TERM 5/24) Trustee or director | 1 | $0 |
| Honorable Lawrence Lawson | Trustee (TERM 5/24) Trustee or director | 1 | $0 |
| James R Maida | Trustee (TERM 5/24) Trustee or director | 1 | $0 |
| Ronald J Riccio Esq | Trustee (TERM 5/24) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 51 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Alexander B King MD | Physician (TERMED 12/23) Highest-paid employee | 55 | $2,081,851 | $0 | $60,336 |
| DMITRY OLEYNIKOV MD | CHAIRMAN Highest-paid employee | 55 | $776,471 | $0 | $44,434 |
| Kenneth M Granet MD | CMO Officer | 55 | $0 | $639,257 | $127,488 |
| IAN T COHEN MD | CHAIRMAN (TERMED 11/23) Highest-paid employee | 55 | $633,481 | $0 | $14,022 |
| ROBERT GRAEBE MD | CHAIRMAN Highest-paid employee | 55 | $565,797 | $0 | $57,332 |
| ROBERT A MASSARO MD | PHYSICIAN Highest-paid employee | 55 | $391,532 | $0 | $66,705 |
| Thomas Heleotis MD | VP Medical Affairs (term 2/23) Officer | 55 | $0 | $418,150 | $2,551 |
| Douglas Livornese MD | Trustee Trustee or director | 55 | $0 | $361,200 | $31,513 |
| Jeffrey C Lederman DO | Trustee; Ex-Officio(Term 5/23) Trustee or director | 25 | $39,998 | $0 | $0 |
| Awani Kumar MD | Trustee Trustee or director | 25 | $0 | $34,800 | $0 |
| Avinash Gupta MD | Trustee Trustee or director | 25 | $0 | $27,080 | $0 |
| Sanjay Kumar MD | Trustee (TermED 5/23) Trustee or director | 5 | $0 | $1,000 | $0 |
| Mary Anne Nagy | Chair - Trustee Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Robert Sickel | Vice Chair - Trustee Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Ann Unterberg | Vice Chair - Trustee Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Anthony P Terracciano | Treasurer - Trustee Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Anne Marie Bramnick Esq | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Richard Crowe | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Raj Derasagayam PhD | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jennifer Edmonds PhD | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Alyce Franklin | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Catherine D Franzoni | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Monique Griffith PsyD | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Derrick T Griggs | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| John W Heavey | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Robert P Herrmann | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Claire M Knopf | Trustee; Ex-Officio Trustee or director | 1 | $0 | $0 | $0 |
| H Woody Knopf | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Rabbi Aaron Kotler | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Honorable Lawrence Lawson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Zachary Lewis | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Yesenia Madas | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| James R Maida | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Lauren Marrus | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jackeline Meijas-Fuertes | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Andrew J Melnick | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Valerie Montecalvo | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| John Paik | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Honorable Jamie Perri | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Luanne Peterpaul | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Adam Pfeffer Esq | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Arvind Prabhat MD | Trustee; Ex-Officio Trustee or director | 1 | $0 | $0 | $0 |
| Ronald J Riccio Esq | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Louis A Rodriguez PE | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Andrew Safran | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Mary Anne Schafer | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Marta Silverberg | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Victor Ferlise Esq | V. Chair-Trustee (Termed 5/23) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Anne Evans-Estabrook | Trustee (Termed 5/23) Trustee or director | 1 | $0 | $0 | $0 |
| Michael Kokes | Trustee (Termed 5/23) Trustee or director | 1 | $0 | $0 | $0 |
| Darsit Shah MD | Trustee (Termed 5/23) Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 CRESCENT PLACE, OCEANPORT, NJ 07757-1233
- In care of
- % CATHERINE DOWDY CPA
- Principal officer (990 for 2024)
- kenneth m granet md, 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
PHYSICIAN SERVICES IN CONJUNCTION WITH MONMOUTH MEDICAL CENTER'S MEDICAL EDUCATION AND TEACHING PROGRAM. MONMOUTH MEDICAL CENTER, A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
Program accomplishments
- THE ORGANIZATION PROVIDES PHYSICIAN SERVICES IN CONJUNCTION WITH MONMOUTH MEDICAL CENTER'S MEDICAL EDUCATION TEACHING PROGRAM. MONMOUTH MEDICAL CENTER, A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, 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.Expenses $13,019,834 · revenue $2,118,572
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
- 22-3357053
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E99Z)
- Assets (IRS master file)
- $2,187,610
- Income (IRS master file)
- $2,118,572
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,118,572 | $14,466,481 | $2,187,610 | XML |
| 990 | December 2023 | $4,989,696 | $17,821,410 | $2,113,744 | XML |
| 990 | December 2022 | $4,729,204 | $16,613,212 | $1,502,392 | 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 22-3357053).
Questions about MONMOUTH MEDICAL CENTER FACULTY PRACTICE PLAN INC
- What is the EIN of MONMOUTH MEDICAL CENTER FACULTY PRACTICE PLAN INC?
- The employer identification number (EIN) of MONMOUTH MEDICAL CENTER FACULTY PRACTICE PLAN INC is 22-3357053.
- Is MONMOUTH MEDICAL CENTER FACULTY PRACTICE PLAN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to MONMOUTH MEDICAL CENTER FACULTY PRACTICE PLAN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MONMOUTH MEDICAL CENTER FACULTY PRACTICE PLAN 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 FACULTY PRACTICE PLAN 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 FACULTY PRACTICE PLAN 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 FACULTY PRACTICE PLAN INC?
- The 990 for the year ended December 31, 2024 names kenneth m granet md.
- Who are the officers and directors of MONMOUTH MEDICAL CENTER FACULTY PRACTICE PLAN INC?
- The 990 for the year ended December 31, 2024 lists 47 people; 5 received compensation from the organization.
- How much revenue does MONMOUTH MEDICAL CENTER FACULTY PRACTICE PLAN INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,118,572, expenses of $14,466,481 and total assets of $2,187,610 at year end.
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