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The Matheny School and Hospital

Also known as Matheny Medical & Educational Center

Peapack, NJ · EIN 22-1482276 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

The Matheny School and Hospital reported $64.8 million in revenue and $58.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.11 went to program services, $11.95 to management and general costs and $0.94 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.8% of the total. The highest compensation it reported for one person was $549,444 (PRESIDENT & CEO (UNTIL 12/24)). 19 people received more than $100,000 in reportable compensation. Revenue rose 30% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $58M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $65M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
87.1%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
11.9%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.9%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.36$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
2.3%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
91.8%69.9%
Highest reported compensation
Part VII-A, columns D–F
$549,444$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.95%1.28%
People paid over $100,000
Part VII, line 2
198
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
14.213.3
Independent voting board members
Part VI 1a–1b
12 of 12100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$33M expenses · 66.0% of program spending · revenue $39M

Professional care and nursing - primary, subspecialty and rehabilitative care to patients with chronic neurological disabling conditions of all ages. Provide support for nursing and all clinical, therapeutic and educational disciplines. Provide the school health functions for the Matheny School. Staff the inpatient and outpatient units of matheny medical and educational center. Provide each patient with the highest level of professional nursing and paraprofessional personal care. Be an integrated team which provides comprehensive, transdisciplinary services to individuals with disabilities of…

$9.1M expenses · 18.0% of program spending · revenue $11M

Education and psychological care and dietary - provide an integrated educational experience for students with a diverse range of abilities and disabilities. Each student is given opportunities to reach his or her highest level of academic achievement, to obtain maximum independence, and to transition into post-secondary functional and community-based programs. The Matheny School is a premier learning institution for students with developmental disabilities, striving for excellence and best practices in educational adaptations and learning outcomes. Matheny facilitates change to maximize the…

$8.1M expenses · 16.0% of program spending · revenue $9.5M

Therapy - to provide a continuum of services in the areas of occupational therapy, physical therapy, speech-language therapy, music therapy, recreation therapy and assistive technology to children and adults with developmental disabilities in both matheny's internal and external programs

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT & CEO (UNTIL 12/24)
Officer, 37.50 hrs/week
$521,982$0$27,462$549,444
VP PATIENT CARE AND SAFETY
Officer, 37.50 hrs/week
$400,048$0$58,982$459,030
PHYSICIAN
Highest compensated employee, 37.50 hrs/week
$302,101$0$42,752$344,853
VP FINANCE/CFO
Officer, 37.50 hrs/week
$257,661$0$47,193$304,854
PHYSICIAN
Highest compensated employee, 37.50 hrs/week
$243,641$0$36,428$280,069
CHIEF DEVELOPMENT OFFICER
Officer, 37.50 hrs/week
$245,009$0$33,481$278,490
PHYSICIAN
Highest compensated employee, 37.50 hrs/week
$215,494$0$51,584$267,078
VP OF HUMAN RESOURCES
Officer, 37.50 hrs/week
$230,578$0$30,856$261,434

19 people received more than $100,000 in reportable compensation from The Matheny School and Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$65M$58M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$65M$58M87.1%$69M$549,444
FY2024 ⓘ$61M$60M87.3%$61M$577,827
FY2023 ⓘ$58M$58M87.4%$57M$610,616
FY2022 ⓘ$54M$52M86.1%$55M$436,930
FY2021 ⓘ$54M$49M86.1%$61M$478,059
FY2020 ⓘ$50M$49M87.9%$50M$521,672

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5762
  • Volunteers Part I, line 614

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
C-K CONTROL TEMP INC
Contractor
$536,633
PK CONTRACTING
Contractor
$304,762
PERFORMANCE FOOD GROUP COMPANY
Food service
$287,268
UNITEMP MECHANICAL DEGREES LLC
Contractor
$210,956
BAKER TILLY US LLC
Auditing and tax services
$179,644

Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.

Private foundation grants it received

21 private foundations reported grants to The Matheny School and Hospital totaling $160K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from The Matheny School and Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Matheny School and Hospital, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in New Jersey

Questions people ask

How much of The Matheny School and Hospital's spending goes to programs?

In the fiscal year ending June 30, 2025, The Matheny School and Hospital reported that 87.1% of its $58.1 million in expenses went to program services, 11.9% to management and general and 0.9% to fundraising (Form 990, Part IX).

How much does The Matheny School and Hospital pay its top executive?

The largest total compensation The Matheny School and Hospital reported for one person in the fiscal year ending June 30, 2025 was $549,444, for the role of PRESIDENT & CEO (UNTIL 12/24) (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does The Matheny School and Hospital get its money?

Of $64.8 million in revenue in the fiscal year ending June 30, 2025, 2.3% came from contributions and grants and 91.8% from program service revenue (Form 990, Part VIII).

Is The Matheny School and Hospital a registered charity?

The IRS lists EIN 22-1482276 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621349349311262 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349301028 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349312761 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349314098 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211329349303336 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100899349300400 · read the filing

All filings for EIN 22-1482276: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.