Overview
What is Foundation For Morristown Medical Center?
The Foundation for Morristown Medical Center is a not-for-profit fundraising organization based at 475 South Street, Morristown, New Jersey, 07960. Its mission is to inspire community philanthropy, raising funds to support Morristown Medical Center, a division of Atlantic Health System, Inc., and the community as the Foundation's Board sees fit. The organization's primary role is to preserve and expand the Medical Center's programs and services, focusing on patient care, clinical research, medical and public health education, and preventive medicine. The Foundation solicits funds via its general appeal and contributes significantly to the support of Morristown Medical Center.
Official website here: www.f4mmc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
The Foundation For Morristown Medical Center has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong focus on accountability and finance. The organization scored 94% in this domain, reflecting its commitment to transparency and responsible financial management. The high percentage of independent board members and the presence of robust governance policies further reinforce its credibility.
This nonprofit demonstrates effective fiscal management with a low liabilities to assets ratio of 2.70% and an exceptional fundraising efficiency of $0.12. Additionally, the organization allocates a significant portion of its expenses (65.31%) directly to its programs, which highlights its dedication to fulfilling its mission. The strong scores across various accountability metrics emphasize the foundation's integrity and operational effectiveness.
While the overall financial health appears strong, it’s important to monitor the program expense ratio as further investments in programs could enhance its impact. The foundation's commitment to maintaining a diverse and independent board is commendable, contributing positively to its governance structure. Overall, the Foundation For Morristown Medical Center exemplifies a well-managed nonprofit focused on supporting healthcare initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Morristown Medical Center legitimate?
Foundation For Morristown Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Morristown Medical Center 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: $475,401
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.f4mmc.org
What is the mission statement of Foundation For Morristown Medical Center?
The Foundation for Morristown Medical Center is a not-for-profit organization dedicated to inspiring community philanthropy. Its primary goal is to advance exceptional healthcare services at Morristown Medical Center through philanthropy. The foundation aims to preserve and expand the Medical Center's programs and services in patient care, clinical research, medical and public health education, and preventive medicine. By soliciting funds, the Foundation supports the efforts of Atlantic Health System, Inc. and its subsidiaries to deliver quality healthcare for their patients.
Official website here: www.f4mmc.org
Who is the CEO of Foundation For Morristown Medical Center?
Michael Walter is the Trustee of Foundation For Morristown Medical Center.
Official website here: www.f4mmc.org
What is the revenue of Foundation For Morristown Medical Center?
Foundation For Morristown Medical Center's revenue in 2022 was $32,154,791.
Official website here: www.f4mmc.org
Who are the executives of Foundation For Morristown Medical Center and what are their salaries?
There 141 volunteers at Foundation For Morristown Medical Center.
Here are 40 key members and their salaries:
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- Related: $4,617,182
- Other: $1,431,850
Official website here: www.f4mmc.org
Where can I find the form 990 for Foundation For Morristown Medical Center?
Foundation For Morristown Medical Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.f4mmc.org
Learn more at the official website: www.f4mmc.org
Mission Statement of Foundation For Morristown Medical Center
The Foundation for Morristown Medical Center, a not-for-profit organization, is dedicated to inspiring community philanthropy to enhance outstanding healthcare services for patients at Morristown Medical Center. By utilizing philanthropy, the Foundation aims to maintain and expand the Medical Center's programs and services in the areas of patient care, clinical research, medical and public health education, and preventive medicine. The Foundation for Morristown Medical Center acts as a standalone entity, funding initiatives that benefit both Morristown Medical Center and its parent corporation, Atlantic Health System, Inc., and its subsidiaries. With a mission to preserve and expand the Medical Center's offerings, the Foundation plays a vital role in advancing exceptional healthcare for its patients.
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Impact
October, 2024
The Foundation for Morristown Medical Center plays a vital role in enhancing healthcare services and patient care in the Morristown community. By mobilizing community support and soliciting funds, the Foundation directs resources to Morristown Medical Center, facilitating the preservation and expansion of critical programs and services.
Through its fundraising efforts, the Foundation advances clinical research, medical education, and preventive medicine initiatives, ensuring that patients receive exceptional healthcare. By inspiring philanthropy, the Foundation not only supports the hospital but also promotes overall community welfare, addressing healthcare needs today and in the future. Its impact extends beyond the doors of the medical center, fostering a healthier community through improved access to advanced medical programs and services.
This information is meant to be a general summary of Foundation For Morristown Medical Center. 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: $2,504,815
- Gross Receipts: $38,873,357
Assets and Liabilities:
- Total Assets: $173,976,621
- Total Liabilities: $4,703,090
- Net Assets: $169,273,531
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Organization Details
Founding Year
1995
Phone
(973) 593-2400Principal Officer
Michael Walter
Main Address
475 South Street, Morristown, NJ, 07960
Website
www.f4mmc.orgNTEE Category
Code: E122 - Health
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