Mission
IMPROVE ACCESS TO HEALTHCARE FOR UNDERSERVED INDIVIDUALS IN OUR COMMUNITY AND HELP EDUCATE AND INSPIRE OUR CURRENT AND FUTURE HEALTHCARE LEADERS.
Public Charity
The Summit Medical Group Foundation Inc
The Summit Medical Group Foundation Inc is a Public Charity headquartered in NEW PROVIDENCE, NJ. Financial data from the 2024 filing: $1.4M revenue, $964K expenses, $9.6M total assets. 49 publicly reported grants to this organization, totaling roughly $1.0M, appear in IRS filings.
EIN: 463355413
NEW PROVIDENCE, NJ
Fund Raising & Fund Distribution
NTEE: E12
Latest filing: 2024
Total Revenue$1.4M
Total Expenses$964K
Total Assets$9.6M
Grant Records49
Funding Total$1.0M
Filing Years2019–2024
Where $100 goes at The Summit Medical Group Foundation Inc
How The Summit Medical Group Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$79
Programs
the work itself
$9
Management
running the organization
$12
Fundraising
raising the next dollar
Inside the $79 for programs
$79
Expenses incurred in improving access to healthcare for underserved individuals in our community and helping educate and inspire our current and future healthcare leaders
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
For grant recipient's exempt purposes
$61,310
OPERATIONS
$37,050
MEDICAL / PUBLIC SERVICES
$25,000
$19,200
SUPPORT THE GLOBAL HEALTH IN THE COMMUNITY
$14,500
Showing up to 5 of 49 total records — full history available with membership.
Officers & Directors
PRESIDENT - TRUSTEE
Adam F Barrison Md
TRUSTEE
Christine Masterson Md
TRUSTEE
Christopher Russo Md
TRUSTEE
Genghis Niver Md
TREASURER - TRUSTEE
Hari Nadiminti Md
TRUSTEE
Howard Blaustein Md
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $1.4M | $964K | $9.6M |
| 2023 | $7.8M | $2.6M | $9.2M |
| 2022 | $1.7M | $2.6M | $4.5M |
| 2020 | $1.7M | $1.5M | $4.6M |
| 2019 | $3.7M | $2.0M | $2.8M |
Between 2019 and 2024, reported annual revenue declined from $3.7M to $1.4M (-61%), with total assets most recently reported at $9.6M.
Interactive year-over-year charts and full filing details available with membership.