Civic Intelligence

Shore Memorial Health Foundation Inc

EIN 34-2027846 • 501(c)3 • Somers Point, NJ

Profile

On december 31, 2015, the foundation transferred all of its assets and liabilities to shore medical center; a related internal revenue code section 501(c)(3) tax-exempt organization. Prior to ceasing activities and operations the organization provided philanthropic support for shore medical center in order to preserve and enhance the healthcare needs of its entire community.

100 Medical Center WaySomers Point, NJ 08244-2387

www.shoremedicalcenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2017

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2017

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

NTEE T30 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Assets

Flat

$0

Flat from 2016

Liabilities

Flat

$0

Flat from 2016

Net Assets

Flat

$0

Flat from 2016

Revenue

Flat

$0

Flat from 2016

Expenses

Flat

$0

Flat from 2016

Net Income

Flat

$0

Flat from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2010: $9,364,982Liabilities 2010: $7,811,570Net Assets 2010: $1,553,4122010Assets 2011: $8,422,959Liabilities 2011: $9,651,006Net Assets 2011: -$1,228,0472011Assets 2012: $5,463,222Liabilities 2012: $7,165,265Net Assets 2012: -$1,702,0432012Assets 2013: $2,764,616Liabilities 2013: $7,647,669Net Assets 2013: -$4,883,0532013Assets 2014: $3,564,641Liabilities 2014: $5,481,367Net Assets 2014: -$1,916,7262014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $2,960,8402010Expenses 2011: $5,143,1902011Expenses 2012: $5,323,8172012Revenue 2013: $2,083,469Expenses 2013: $4,218,925Net Income 2013: -$2,135,4562013Revenue 2014: $5,787,678Expenses 2014: $2,845,305Net Income 2014: $2,942,3732014Revenue 2015: $1,766,254Expenses 2015: $1,534,112Net Income 2015: $232,1422015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017

Highlighted filing

2017

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$0
Mission and Program Overview

Mission

On december 31, 2015, the foundation transferred all of its assets and liabilities to shore medical center; a related internal revenue code section 501(c)(3) tax-exempt organization. Prior to ceasing activities and operations the organization provided philanthropic support for shore medical center in order to preserve and enhance the healthcare needs of its entire community.

Program Services

DescriptionGrantsExpenses
PRIOR TO CEASING ACTIVITIES AND OPERATIONS THE ORGANIZATION PROVIDED PHILANTHROPIC SUPPORT FOR SHORE MEDICAL CENTER.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GERALD J CORCORAN ESQSecretary - Trustee-$0--
DAVID BEYELTreasurer - Trustee-$0--
RONALD W JOHNSONTrustee - President/CEOFT$0--
Filing and Contact Details

Filer

Filer Name
Shore Memorial Health Foundation Inc
EIN
34-2027846
In Care Of
% DAVID R HUGHES
Phone
6096533545
Address
100 MEDICAL CENTER WAY, SOMERS POINT, NJ 08244-2387

Signing Officer

Name
David R Hughes
Title
CFO
Phone
6096533545
Signed
2018-11-12
Discuss with paid preparer
Yes

Preparer

Firm
WithumSmithBrown PC
Address
200 Jefferson Park Suite 400, Whippany, NJ 07981-1070
Preparer
Scott J Mariani
Phone
9738989494
Supplemental Narrative

Additional Explanations

Core Form, Part IV, Column B

The organization is an affiliate within shore memorial health system and affiliates; a tax-exempt integrated healthcare delivery system ("system") which includes shore medical center. Shore memorial health system is the tax-exempt parent entity of the system. The system includes both for-profit and not for-profit organizations. Certain board of trustee members listed on core form, part iv of this form 990 may hold similar positions with both this organization and other affiliates within the system. The hours shown on this form 990, for board members who receive no compensation for services rendered in a non-board capacity, represent the estimated hours devoted per week for this organization. To the extent these individuals serve as a member of the board of trustees of other related organizations in the system, their respective hours per week per organization are approximately the same as reflected on core form, part iv of this form 990. The hours reflected on core form, part iv of this form 990 for ronald w. Johnson, the system's president/chief executive officer, reflect total hours worked per week on behalf of the system; not solely this organization.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0ON DECEMBER 31, 2015, THE FOUNDATION TRANSFERRED ALL OF ITS ASSETS AND LIABILITIES TO SHORE MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. PRIOR TO CEASING ACTIVITIES AND OPERATIONS THE ORGANIZATION PROVIDED PHILANTHROPIC SUPPORT FOR SHORE MEDICAL CENTER IN ORDER TO PRESERVE AND ENHANCE THE HEALTHCARE NEEDS OF ITS ENTIRE COMMUNITY.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION RECEIVED A CONTRIBUTION IN THE AMOUNT OF $3,033,666 FROM AN INDIVIDUAL IN 2014. THIS CONTRIBUTION IS BEING CLASSIFIED AS AN UNUSUAL GRANT AND EXCLUDED FROM BOTH THE NUMERATOR AND DENOMINATOR IN THE PUBLIC SUPPORT PERCENTAGE CALCULATION. THE CONTRIBUTION IS UNUSUAL IN NATURE BECAUSE, ACCORDING TO FORM 990, SCHEDULE A INSTRUCTIONS AND INTERNAL REVENUE SERVICE TREASURY REGULATION 1.509(A)-3(C)(4): - IT WAS ATTRACTED BECAUSE OF THE PUBLICLY SUPPORTED NATURE OF THE ORGANIZATION; - IT WAS UNUSUAL AND UNEXPECTED BECAUSE OF THE AMOUNT (NO OTHER INDIVIDUALS OR ORGANIZATIONS CONTRIBUTED ANY AMOUNT SIMILAR TO THESE AMOUNTS IN THE FIVE YEAR PERIOD); AND - IT IS LARGE ENOUGH THAT IT WOULD SIGNIFICANTLY DECREASE THE ORGANIZATION'S PUBLIC SUPPORT PERCENTAGE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS AN AFFILIATE WITHIN SHORE MEMORIAL HEALTH SYSTEM AND AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM ("SYSTEM") WHICH INCLUDES SHORE MEDICAL CENTER. SHORE MEMORIAL HEALTH SYSTEM IS THE TAX-EXEMPT PARENT ENTITY OF THE SYSTEM. THE SYSTEM INCLUDES BOTH FOR-PROFIT AND NOT FOR-PROFIT ORGANIZATIONS. CERTAIN BOARD OF TRUSTEE MEMBERS LISTED ON CORE FORM, PART IV OF THIS FORM 990 MAY HOLD SIMILAR POSITIONS WITH BOTH THIS ORGANIZATION AND OTHER AFFILIATES WITHIN THE SYSTEM. THE HOURS SHOWN ON THIS FORM 990, FOR BOARD MEMBERS WHO RECEIVE NO COMPENSATION FOR SERVICES RENDERED IN A NON-BOARD CAPACITY, REPRESENT THE ESTIMATED HOURS DEVOTED PER WEEK FOR THIS ORGANIZATION. TO THE EXTENT THESE INDIVIDUALS SERVE AS A MEMBER OF THE BOARD OF TRUSTEES OF OTHER RELATED ORGANIZATIONS IN THE SYSTEM, THEIR RESPECTIVE HOURS PER WEEK PER ORGANIZATION ARE APPROXIMATELY THE SAME AS REFLECTED ON CORE FORM, PART IV OF THIS FORM 990. THE HOURS REFLECTED ON CORE FORM, PART IV OF THIS FORM 990 FOR RONALD W. JOHNSON, THE SYSTEM'S PRESIDENT/CHIEF EXECUTIVE OFFICER, REFLECT TOTAL HOURS WORKED PER WEEK ON BEHALF OF THE SYSTEM; NOT SOLELY THIS ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0CORE FORM, PART IV, COLUMN B
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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