Foundation for Morristown Medical Center
Foundation for Morristown Medical Center reported $41.7 million in revenue and $28.0 million in expenses for calendar year 2024. Of every $100 it spent, $79.12 went to program services, $8.53 to management and general costs and $12.35 to fundraising. Its largest source of revenue was contributions and grants: 78.9% of the total. The highest compensation it reported for one person was $3,385,858 (EVP-Chief Business & Strat). Revenue rose 45% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $28MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $42MOther revenue was negative: −$10,294. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.5% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 12.3% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.11 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 78.9% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $3,385,858 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 12.09% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 94.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 31 of 37 | 88.9% |
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
2024 · Form 990, Part III · the three largest programs by expenseThe Foundation for Morristown Medical Center (F4MMC) is a standalone foundation, which is a not-for-profit fundraising organization that solicits funds in its general appeal for the benefit and support of Atlantic Health System, Inc. and AHS Hospital Corporation (the Corporation), and all subsidiaries thereof. Morristown Medical Center is the principal recipient of the fundraising carried out by F4MMC
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EVP-Chief Business & Strat Officer, 2.00 hrs/week | $0 | $2,924,716 | $461,142 | $3,385,858 |
| SVP, CNE/Pres. MMC Director/trustee, officer, 2.00 hrs/week | $0 | $2,289,794 | $282,358 | $2,572,152 |
| SVP-Chief Financial Office Officer, 2.00 hrs/week | $0 | $1,615,288 | $257,152 | $1,872,440 |
| Trustee Director/trustee, 2.00 hrs/week | $0 | $1,090,380 | $52,405 | $1,142,785 |
| Trustee Director/trustee, 2.00 hrs/week | $0 | $913,095 | $33,784 | $946,879 |
| Trustee Director/trustee, 2.00 hrs/week | $0 | $690,344 | $43,088 | $733,432 |
| Chief Development Offier Officer, 55.00 hrs/week | $0 | $535,937 | $34,101 | $570,038 |
| Trustee Director/trustee, 2.00 hrs/week | $0 | $447,648 | $49,839 | $497,487 |
0 people received more than $100,000 in reportable compensation from Foundation for Morristown Medical Center (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b37 · 31 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 2No
- 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 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 6192
Private foundation grants it received
95 private foundations reported grants to Foundation for Morristown Medical Center totaling $7.0M 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 Foundation for Morristown Medical Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Foundation for Morristown Medical Center, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Foundation for Morristown Medical Center spent in 2024, $79.12 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Foundation for Morristown Medical Center's spending goes to programs?
In calendar year 2024, Foundation for Morristown Medical Center reported that 79.1% of its $28.0 million in expenses went to program services, 8.5% to management and general and 12.3% to fundraising (Form 990, Part IX).
How much does Foundation for Morristown Medical Center pay its top executive?
The largest total compensation Foundation for Morristown Medical Center reported for one person in calendar year 2024 was $3,385,858, for the role of EVP-Chief Business & Strat (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Foundation for Morristown Medical Center get its money?
Of $41.7 million in revenue in calendar year 2024, 78.9% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Foundation for Morristown Medical Center a registered charity?
The IRS lists EIN 22-3392808 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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
- 2024: Form 990 for calendar year 2024, object 202533179349306718 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423189349309417 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313179349303326 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233149349304383 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103359349301700 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003159349304180 · read the filing
All filings for EIN 22-3392808: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.