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Foundation for Morristown Medical Center

Foundation for Morristown Medical Center

Morristown, NJ, US
501(c)(3)
EIN
22-3392808
Hospital
Regional Funder
funder logo

Foundation for Morristown Medical Center

Morristown, NJ, US
501(c)(3)
EIN
22-3392808
Hospital
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$41,654,876

Contributions
78%
Investments
20%
Other
1%
Fundraising Events
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$28,007,443

Grants
41%
Other
40%
Offices, Occupancy & IT
12%
Fees to Service Providers
3%
Salaries & Benefits
3%
Advertising & Promotion
1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$23,648,132
$32,468,820
+37%
Government Grants
$0
$0
-
Fundraising Events
$295,650
$290,293
-2%
Program Services
$0
$0
-
Membership Dues
$10,000
$0
-100%
Investments
$4,321,501
$8,294,179
+92%
Other
$325,157
$601,584
+85%
Total Revenues
$28,600,440
$41,654,876
+46%
Expenses
2023
2024
Change
Grants
$8,094,472
$11,391,774
+41%
Benefits to Members
$0
$0
-
Salaries & Benefits
$744,521
$791,377
+6%
Fees to Service Providers
$906,052
$919,520
+1%
Advertising & Promotion
$331,821
$384,229
+16%
Offices, Occupancy & IT
$3,488,736
$3,399,484
-3%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$7,728,996
$11,121,059
+44%
Total Expenses
$21,294,598
$28,007,443
+32%
Net income
2023
2024
Change
Net income
+$7,305,842
+$13,647,433
+87%
Functional Expenses
Summary
2023
2024
Change
Program
$15,843,692
$22,159,507
+40%
Admin
$2,368,783
$2,390,113
+1%
Fundraising
$3,082,123
$3,457,823
+12%
Total Expenses
$21,294,598
$28,007,443
+32%
Income Statement
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