Newton Medical Center Foundation
The Newton Medical Center Foundation, the philanthropic arm of Newton Medical Center exists to philanthropically serve the present and future health and wellness needs of our community and beyond, as defined by Newton Medical Center.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$38.9M
+7.8% YoY
Annual Giving
$1.4M
+305.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.4M
+305.1% YoY
About Newton Medical Center Foundation
Based on IRS filings
Newton Medical Center Foundation is a nonprofit organization, based in MORRISTOWN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $38.9M in total assets. In 2024, it awarded 1 grants totaling $1.4M. Net investment income was $2.0M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $38,853,344 | $36,032,935 | $30,900,027 |
| Revenue | $3,044,029 | $2,189,475 | $1,881,724 |
| Expenses | $1,877,648 | $861,143 | $828,257 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,977,060 | $908,624 | $725,614 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mark Avondoglio | CHAIRMAN | 2 | — |
| Robert Adams | Trustee-President, Western | 2 | — |
| Megan Sandow | Trustee-Chief Dev Officer | 2 | — |
| Salvatore Dispenziere III | Treasurer | 2 | — |
| Buffie Dobbs | Trustee | 2 | — |
| Colleen Apter | Trustee | 2 | — |
| Larry Condit | Asst. Treasurer | 2 | — |
| E Jane Brown | Trustee | 2 | — |
| George W Morville Jr | Trustee | 2 | — |
| Greg Nolan | Trustee | 2 | — |
| Jason Apter | Trustee | 2 | — |
| Jeffrey J Quinn | Trustee | 2 | — |
| Jo-Ellen McCracken Hazen | Trustee | 2 | — |
| Karl Wagner | Trustee | 2 | — |
| Kim Ferruggia | Trustee | 2 | — |
| Kurt Walton | Trustee | 2 | — |
| Thomas N Ryan Esq | Trustee-Secretary | 2 | — |
| Mark Cummins | Trustee | 2 | — |
| Mary Waller | Trustee - Aux. Rep | 2 | — |
| Matthew Hannum | Trustee | 2 | — |
| Michael E Holenstein | Trustee | 2 | — |
| Michael Lanza Esq | Trustee | 2 | — |
| Richard Bourque | Trustee | 2 | — |
| Robert Masci MD FACC | Trustee | 2 | — |
| Donald Costlow DVM | Trustee | 2 | — |
| Raymond Cordts DMV | Trustee | 2 | — |
| Ronald K Harris MD | Trustee | 2 | — |
| David P Romano | Trustee-Vice Chairman | 2 | — |
| Tracey Woodhead | Trustee | 2 | — |
| Michael Walter | SVP-Chief Financial Office | 2 | — |
| Kevin Lenahan | EVP-Chief Business & Strat | 2 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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