Mission
The Newton Medical Center Foundation, the philanthropic arm of Newton Medical Center exists to philanthropically serve the present and future health and wellness needs of our community and beyond, as defined by Newton Medical Center.
Public Charity
NEWTON MEDICAL CENTER FOUNDATION
NEWTON MEDICAL CENTER FOUNDATION, of Morristown, NJ, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $3.0M in revenue, $1.9M in expenses, $38.9M in total assets. 13 publicly reported grants to this organization, totaling roughly $370K, appear in IRS filings.
EIN: 222618102
Morristown, NJ
Latest filing: 2024
Total Revenue$3.0M
Total Expenses$1.9M
Total Assets$38.9M
Grant Records13
Funding Total$370K
Filing Years2019–2024
Where $100 goes at Newton Medical Center Foundation
How Newton Medical Center Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$58
Programs
the work itself
$24
Management
running the organization
$18
Fundraising
raising the next dollar
Inside the $58 for programs
$48
Newton Medical Center Foundation transfers funds to Newton Medical Center (the "Hospital") to support the hospital and the community it serves
$4
Represents targeted funding of various Newton Medical Center programs/healthcare intitiatives including ovarion cancer screening and nursing scholarships among others
$4
The Foundation purchases AEDs (Automated External Defribrillators) and charges nonprofit community organizations 50% of the cost
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$57,410
For grant recipient's exempt purposes
$35,700
GENERAL SUPPORT
$101,650
For grant recipient's exempt purposes
$5,750
General Support
$26,226
Showing up to 5 of 13 total records — full history available with membership.
Officers & Directors
Trustee
Buffie Dobbs
Trustee
Colleen Apter
Trustee-Vice Chairman
David P Romano
Trustee
Donald Costlow Dvm
Trustee
E Jane Brown
Trustee
George W Morville Jr
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $3.0M | $1.9M | $38.9M |
| 2023 | $2.2M | $861K | $36.0M |
| 2022 | $1.9M | $828K | $30.9M |
| 2020 | $1.6M | $864K | $30.5M |
| 2019 | $2.2M | $1.9M | $28.0M |
Between 2019 and 2024, reported annual revenue grew from $2.2M to $3.0M (+37%), with total assets most recently reported at $38.9M.
Interactive year-over-year charts and full filing details available with membership.