Overview
What is Monmouth Medical Center Foundation Inc?
Monmouth Medical Center Foundation Inc, located in Oceanport, New Jersey, is a nonprofit organization dedicated to supporting the charitable activities and services of Monmouth Medical Center, a tax-exempt organization under IRC Section 501(C)(3). Their mission is to provide essential healthcare services to individuals, regardless of race, color, creed, sex, national origin, or ability to pay. The Foundation's efforts focus on raising funds for Monmouth Medical Center, which delivers medically necessary healthcare in a non-discriminatory manner.
Official website here: www.rwjbh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
Monmouth Medical Center Foundation Inc has achieved a high rating of 97% on Charity Navigator, illustrating strong performance in accountability and finance. This score is indicative of the organization's commitment to transparency, with a fully independent board and robust financial oversight. The Foundation has received perfect scores in critical areas such as board independence, financial audits, and the absence of asset diversions.
The organization demonstrates effective financial management, highlighted by a program expense ratio of nearly 78%, indicating that a significant portion of its funds directly supports its programs. Moreover, its fundraising efficiency is commendable, requiring only $0.16 to raise each dollar, showcasing cost-effective fundraising practices. The Foundation's working capital ratio of 3.83 years suggests strong financial health and sustainability.
Overall, while Monmouth Medical Center Foundation Inc displays exceptional strengths in governance and financial metrics, potential donors and stakeholders can feel confident in its operational integrity and the efficient use of funds. No limitations or significant concerns were noted in the available data.
This AI summary has been generated from information found on Charity Navigator.
Is Monmouth Medical Center Foundation Inc legitimate?
Monmouth Medical Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monmouth Medical Center Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $453,450
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rwjbh.org
What is the mission statement of Monmouth Medical Center Foundation Inc?
Monmouth Medical Center Foundation Inc is a tax-exempt organization, as defined by the Internal Revenue Code Section 501(C)(3), dedicated to supporting the charitable endeavors, programs, and services of Monmouth Medical Center. This organization provides essential healthcare services to individuals, regardless of race, color, creed, sex, national origin, or ability to pay. Through its charitable efforts, Monmouth Medical Center Foundation Inc works to ensure that all people have access to medically necessary healthcare. The foundation incurs expenses in the pursuit of these philanthropic goals.
Official website here: www.rwjbh.org
Who is the CEO of Monmouth Medical Center Foundation Inc?
Caitlin R Olson is the Trustee - Vp, Development of Monmouth Medical Center Foundation Inc. The CEO's salary of Monmouth Medical Center Foundation Inc is $0 and their total compensation is $1,257,936.
Official website here: www.rwjbh.org
What is the revenue of Monmouth Medical Center Foundation Inc?
Monmouth Medical Center Foundation Inc's revenue in 2022 was $12,765,811.
Official website here: www.rwjbh.org
Who are the executives of Monmouth Medical Center Foundation Inc and what are their salaries?
There 43 volunteers at Monmouth Medical Center Foundation Inc.
Here are 27 key members and their salaries (Monmouth Medical Center Foundation Inc's CEO's salary is $0 and their total compensation is $1,257,936):
- Compensation: $0
- Related: $1,946,371
- Other: $673,467
- Compensation: $0
- Related: $1,010,979
- Other: $246,957
- Compensation: $0
- Related: $458,609
- Other: $46,888
- Compensation: $0
- Related: $278,745
- Other: $19,936
- Compensation: $0
- Related: $260,541
- Other: $17,207
- Compensation: $0
- Related: $1,600
- Other: $28,010
- Compensation: $0
- Related: $7,810
- Other: $0
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Official website here: www.rwjbh.org
Where can I find the form 990 for Monmouth Medical Center Foundation Inc?
Monmouth Medical Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rwjbh.org
Learn more at the official website: www.rwjbh.org
Mission Statement of Monmouth Medical Center Foundation Inc
Monmouth Medical Center Foundation Inc is a tax-exempt organization dedicated to supporting the charitable purposes, programs, and services of Monmouth Medical Center. This Internal Revenue Code Section 501(c)(3) entity is committed to furthering the mission of Monmouth Medical Center, 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.
The Foundation plays a vital role in funding various initiatives that contribute to the overall well-being of the community by the medical center. By incurring expenses in the pursuit of the charitable endeavors of Monmouth Medical Center, the Foundation ensures that the medical center continues to uphold its mission of providing essential healthcare services to everyone, irrespective of their demographic backgrounds.
Monmouth Medical Center, as a non-discriminatory healthcare provider, is dedicated to delivering top-notch medical care to all individuals, with the unwavering belief that access to quality healthcare is a fundamental right for everyone. The Foundation supports this mission through its financial commitments, enabling the medical center to extend a helping hand to as many people as possible. This dedication to serving the community and providing vital healthcare services makes Monmouth Medical Center Foundation Inc an integral part of the healthcare landscape.
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Impact
October, 2024
Monmouth Medical Center Foundation Inc significantly enhances healthcare accessibility and quality in the community. By supporting the charitable purposes, programs, and services of Monmouth Medical Center, the foundation plays a crucial role in providing medically necessary healthcare services to all individuals, ensuring that care is delivered in a non-discriminatory manner. This includes individuals regardless of their race, color, creed, sex, national origin, or ability to pay.
The foundation's efforts facilitate essential health programs and services, which contribute to improved health outcomes, increased community health awareness, and enhanced patient experiences. Its commitment to ensuring equitable healthcare access helps foster a healthier community overall, making a meaningful difference in the lives of individuals in Oceanport, NJ, and surrounding areas.
This information is meant to be a general summary of Monmouth Medical Center Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $286,038
- Program Service Revenue: $4,913,781
- Gross Receipts: $13,222,179
Assets and Liabilities:
- Total Assets: $49,472,893
- Total Liabilities: $392,893
- Net Assets: $49,080,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM RELATED REVENUE
Revenue
$4,913,781
Organization Details
Founding Year
1982
Phone
(973) 322-4032Principal Officer
Caitlin R Olson
Main Address
C/O CORP FINANCE 2 CRESCENT PLACE, OCEANPORT, NJ, 07757
Website
www.rwjbh.orgNTEE Category
Code: E110 - Health
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