Monmouth Medical Center Foundation Inc
Monmouth Medical Center Foundation: Strong Asset Growth, but Transparency Lacking
EIN: 222456079 · Oceanport, NJ · NTEE: E110 · Updated: 2026-04-04
Is Monmouth Medical Center Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monmouth Medical Center Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Monmouth Medical Center Foundation Inc
Monmouth Medical Center Foundation Inc (EIN: 222456079) is a nonprofit organization based in Oceanport, NJ, classified under NTEE code E110. The organization reported total revenue of $11.2M and total assets of $81.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monmouth Medical Center Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Monmouth Medical Center Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Monmouth Medical Center Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a direct assessment of specific dollar amounts challenging without further filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Monmouth Medical Center Foundation Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in available data.
- Limited transparency on the organization's website regarding financial reports and impact.
- Significant fluctuations in revenue year-over-year (e.g., $46,425,596 in 2023 vs. $12,765,811 in 2022) without clear explanations.
Strengths
The following positive indicators were identified for Monmouth Medical Center Foundation Inc:
- Substantial asset growth over the years, from $29,717,308 in 2016 to $89,374,344 in 2023.
- Consistent revenue generation, indicating ongoing donor support.
- Low liabilities relative to assets, suggesting financial stability.
Frequently Asked Questions about Monmouth Medical Center Foundation Inc
Is Monmouth Medical Center Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Monmouth Medical Center Foundation Inc (EIN: 222456079) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Monmouth Medical Center Foundation Inc spend its money?
Monmouth Medical Center Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Monmouth Medical Center Foundation Inc tax-deductible?
Monmouth Medical Center Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222456079). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Monmouth Medical Center Foundation Inc do?
Monmouth Medical Center Foundation Inc is a nonprofit organization in the Health Care sector, located in Oceanport, New Jersey. It is classified under NTEE code E110.
How much revenue does Monmouth Medical Center Foundation Inc have?
Monmouth Medical Center Foundation Inc reported total revenue of $11,229,729. Based on 13 IRS 990 filings on record.
What are Monmouth Medical Center Foundation Inc's total assets?
Monmouth Medical Center Foundation Inc holds total assets of $81,810,711 as reported in IRS 990 filings.
Where is Monmouth Medical Center Foundation Inc located?
Monmouth Medical Center Foundation Inc is based in Oceanport, New Jersey.
What is Monmouth Medical Center Foundation Inc's EIN?
Monmouth Medical Center Foundation Inc's Employer Identification Number (EIN) is 222456079. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Monmouth Medical Center Foundation Inc?
Monmouth Medical Center Foundation Inc is classified under NTEE code E110 (Health Care).
Is Monmouth Medical Center Foundation Inc a registered 501(c)(3)?
Yes, Monmouth Medical Center Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222456079.
Does Monmouth Medical Center Foundation Inc file IRS Form 990?
Yes, Monmouth Medical Center Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Monmouth Medical Center Foundation Inc's revenue in 2023?
In the 202312 filing period, Monmouth Medical Center Foundation Inc reported total revenue of $46,425,596, total expenses of $7,344,129, and net assets of $89,374,344.
Is Monmouth Medical Center Foundation Inc's revenue growing or declining?
Monmouth Medical Center Foundation Inc's revenue is growing. Revenue went from $12,765,811 (202212) to $46,425,596 (202312), a +263.7% change. Based on 13 filings on record.
What is Monmouth Medical Center Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Monmouth Medical Center Foundation Inc covers tax period 202312. It shows revenue of $46,425,596, expenses of $7,344,129, total assets of $89,374,344, and liabilities of $298,344.
How much does Monmouth Medical Center Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Monmouth Medical Center Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Monmouth Medical Center Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Monmouth Medical Center Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Monmouth Medical Center Foundation Inc?
The following concerns were identified: Lack of detailed program spending breakdown in available data.. Limited transparency on the organization's website regarding financial reports and impact.. Significant fluctuations in revenue year-over-year (e.g., $46,425,596 in 2023 vs. $12,765,811 in 2022) without clear explanations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Monmouth Medical Center Foundation Inc's strengths?
Positive indicators for Monmouth Medical Center Foundation Inc include: Substantial asset growth over the years, from $29,717,308 in 2016 to $89,374,344 in 2023.. Consistent revenue generation, indicating ongoing donor support.. Low liabilities relative to assets, suggesting financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Monmouth Medical Center Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a direct assessment of specific dollar amounts challenging without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant revenue increase to $46,425,596 in 2023, and how were these funds primarily utilized?
The provided data shows a substantial jump in revenue for 2023. Without further details, it's unclear if this was due to a major capital campaign, a large individual donation, or other factors. Understanding the specific allocation of these funds would provide insight into their impact on the medical center's operations and programs.
How does the foundation ensure that its administrative and fundraising expenses, which are not explicitly detailed in the provided data, remain efficient and directly support its mission?
While the spending breakdown is estimated, the absence of explicit administrative and fundraising expense figures in the provided data makes it difficult to assess efficiency. A clear breakdown would allow for a more precise evaluation of how much of each dollar directly supports programs versus overhead.
Filing History
IRS 990 filing history for Monmouth Medical Center Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Monmouth Medical Center Foundation Inc's revenue has grown by 840.5%, moving from $4.9M to $46.4M. Total assets increased by 349.8% over the same period, from $19.9M to $89.4M. Total functional expenses rose by 65.8%, from $4.4M to $7.3M. In its most recent filing year (2023), Monmouth Medical Center Foundation Inc reported a surplus of $39.1M, with revenue exceeding expenses. The organization holds $298K in liabilities against $89.4M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $89.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $46.4M | $7.3M | $89.4M | $298K | — | — |
| 2022 | $12.8M | $7.3M | $49.5M | $393K | — | View 990 |
| 2021 | $18.9M | $13.9M | $47.5M | $2.6M | — | View 990 |
| 2020 | $9.2M | $17.2M | $41.3M | $1.0M | — | View 990 |
| 2019 | $9.7M | $4.3M | $48.6M | $664K | — | View 990 |
| 2018 | $13.6M | $3.4M | $42.3M | $308K | — | View 990 |
| 2017 | $7.2M | $4.4M | $33.0M | $615K | — | View 990 |
| 2016 | $8.2M | $6.8M | $29.7M | $255K | — | View 990 |
| 2015 | $5.3M | $3.5M | $31.5M | $413K | — | View 990 |
| 2014 | $6.3M | $6.8M | $30.8M | $346K | — | View 990 |
| 2013 | $10.2M | $5.9M | $31.4M | $385K | — | View 990 |
| 2012 | $7.7M | $2.6M | $26.0M | $544K | — | View 990 |
| 2011 | $4.9M | $4.4M | $19.9M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46.4M, expenses of $7.3M, and assets of $89.4M (revenue +263.7% year-over-year).
- 2022: Revenue of $12.8M, expenses of $7.3M, and assets of $49.5M (revenue -32.5% year-over-year).
- 2021: Revenue of $18.9M, expenses of $13.9M, and assets of $47.5M (revenue +104.9% year-over-year).
- 2020: Revenue of $9.2M, expenses of $17.2M, and assets of $41.3M (revenue -5.2% year-over-year).
- 2019: Revenue of $9.7M, expenses of $4.3M, and assets of $48.6M (revenue -28.5% year-over-year).
- 2018: Revenue of $13.6M, expenses of $3.4M, and assets of $42.3M (revenue +88.2% year-over-year).
- 2017: Revenue of $7.2M, expenses of $4.4M, and assets of $33.0M (revenue -11.6% year-over-year).
- 2016: Revenue of $8.2M, expenses of $6.8M, and assets of $29.7M (revenue +54.4% year-over-year).
- 2015: Revenue of $5.3M, expenses of $3.5M, and assets of $31.5M (revenue -15.3% year-over-year).
- 2014: Revenue of $6.3M, expenses of $6.8M, and assets of $30.8M (revenue -38.8% year-over-year).
- 2013: Revenue of $10.2M, expenses of $5.9M, and assets of $31.4M (revenue +32.6% year-over-year).
- 2012: Revenue of $7.7M, expenses of $2.6M, and assets of $26.0M (revenue +56.3% year-over-year).
- 2011: Revenue of $4.9M, expenses of $4.4M, and assets of $19.9M.
Data Sources and Methodology
This transparency report for Monmouth Medical Center Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.