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Nonprofiteer
← OVERLOOK FOUNDATION

Form 990 for tax year 2023

Filed by OVERLOOK FOUNDATION.

Totals

Total revenue
$13,936,622
Total expenses
$15,284,401
Contributions and grants received
$8,997,803
Grants paid
$12,130,438
Program service revenue
$0
Investment income
$4,985,164
Other revenue
-$46,345
Total assets, end of year
$133,877,372
Total liabilities, end of year
$3,298,464
Net assets or fund balances, end of year
$130,578,908
Program services expenses (Part IX)
$12,684,601
Management and general expenses
$2,014,971
Fundraising expenses
$584,829
Program service expenses (Part III)
$12,684,601

Program services were 83.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $260,332

  • 1f · All other contributions, gifts and grants

    $8,737,471

  • 1g · Noncash contributions included above

    $174,139

  • 3 · Investment income

    total $2,952,115 · unrelated business -$61,907 · excluded $3,014,022

  • 7a · Gross sales of assets other than inventory

    securities $17,516,462

  • 7b · Less cost or other basis and sales expenses

    securities $15,483,413

  • 7c · Gain or loss

    securities $2,033,049

  • 7d · Net gain or loss

    total $2,033,049 · excluded $2,033,049

  • 8a · Fundraising events: gross income

    $128,065

  • 8a · Fundraising events: contributions included on line 1c

    $260,332

  • 8b · Fundraising events: direct expenses

    $174,410

  • 8c · Net income from fundraising events

    total -$46,345 · excluded -$46,345

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,977,953 · program services $11,977,953

  • 2 · Grants to domestic individuals

    total $152,485 · program services $152,485

  • 5 · Compensation of officers, directors and key employees

    total $700,423 · program services $143,650 · management and general $408,176 · fundraising $148,597

  • 7 · Other salaries and wages

    total $1,422,182 · program services $291,676 · management and general $828,786 · fundraising $301,720

  • 8 · Pension plan contributions

    total $30,383 · program services $6,231 · management and general $17,706 · fundraising $6,446

  • 9 · Other employee benefits

    total $283,094 · program services $58,060 · management and general $164,975 · fundraising $60,059

  • 11c · Fees: accounting

    total $155,804 · management and general $142,569 · fundraising $13,235

  • 11f · Fees: investment management

    total $109,776 · management and general $109,776

  • 11g · Fees: other

    total $76,383 · management and general $71,268 · fundraising $5,115

  • 12 · Advertising and promotion

    total $60,843 · program services $23,848 · management and general $10,910 · fundraising $26,085

  • 13 · Office expenses

    total $50,713 · management and general $44,504 · fundraising $6,209

  • 14 · Information technology

    total $59,935 · management and general $59,935

  • 17 · Travel

    total $21,428 · program services $9,847 · management and general $3,551 · fundraising $8,030

  • 23 · Insurance

    total $79,235 · management and general $79,235

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $68,805 · management and general $68,805

  • 24b · Other expenses: DONOR RELATIONS AND PRO

    total $31,705 · program services $20,851 · management and general $1,617 · fundraising $9,237

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,400 · management and general $2,304 · fundraising $96

  • 24d · Other expenses: MISCELLANEOUS

    total $854 · management and general $854

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $669 · end of year $669

  • 2 · Savings and temporary cash investments

    beginning of year $14,952,494 · end of year $11,755,656

  • 3 · Pledges and grants receivable

    beginning of year $11,218,780 · end of year $9,458,120

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,365 · end of year $38,633

  • 11 · Investments: publicly traded securities

    beginning of year $88,198,129 · end of year $98,416,735

  • 12 · Investments: other securities

    beginning of year $10,193,909 · end of year $10,109,346

  • 15 · Other assets

    beginning of year $3,778,178 · end of year $4,098,213

  • 17 · Accounts payable and accrued expenses

    beginning of year $642,362 · end of year $349,079

  • 18 · Grants payable

    beginning of year $32,715 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,031,555 · end of year $2,949,385

  • 27 · Net assets without donor restrictions

    beginning of year $13,140,395 · end of year $16,483,029

  • 28 · Net assets with donor restrictions

    beginning of year $111,517,497 · end of year $114,095,879

Mission and programs · 2023

Mission

THE MISSION OF THE OVERLOOK FOUNDATION IS TO DEVELOP, MANAGE, AND DISTRIBUTE RECOURCES TO ADVANCE THE DELIVERY OF HIGH-QUALITY HEALTH CARE BY OVERLOOK MEDICAL CENTER.

Activities or mission (Part I)

SEE SCHEDULE O FOR MISSION STATEMENTTHE MISSION OF THE OVERLOOK FOUNDATION IS TO DEVELOP, MANAGE, AND DISTRIBUTE RECOURCES TO ADVANCE THE DELIVERY OF HIGH-QUALITY HEALTH CARE BY OVERLOOK MEDICAL CENTER.

  • OVERLOOK FOUNDATION PROVIDES CRITICAL FUNDING TO OVERLOOK MEDICAL CENTER TO ENSURE THAT IT REMAINS AT THE FOREFRONT OF MEDICAL CARE. WE SUPPORT THE PURCHASE OF STATE-OF-THE-ART EQUIPMENT, THE CONSTRUCTION OF NEW FACILITIES, ENDOWMENTS FOR MEDICAL LEADERSHIP, NURSING SCHOLARSHIPS, PROFESSIONAL DEVELOPMENT, TRAINING AND EDUCATION, AS WELL AS INNOVATIVE PROGRAMS TO ENHANCE THE PATIENT AND CAREGIVER EXPERIENCE.AS THE FOUNDATION SURPASSED 90% OF ITS $82.5 MILLION OVERLOOK AHEAD CAMPAIGN GOAL IN 2024, THE COMPREHENSIVE, MULTI-PHASE EXPANSION AND MODERNIZATION OF OVERLOOK'S CAMPUS CONTINUES. CONTINUED IN SCHEDULE O.NOW OPEN IN THE MATERNITY CENTER ARE A NEW RECEPTION AREA, TRIAGE UNIT, RENOVATED LABOR AND DELIVERY ROOMS, AND TWO NEW OPERATING THEATERS. WORK HAS BEGUN ON A NEWBORN AND FAMILY CARE UNIT THE FINAL PHASE OF THE CENTER'S MASSIVE OVERHAUL. PLANNED FOR EARLY 2025 OCCUPANCY ARE A NEW NEUROSCIENCE UNIT WITH EXPANDED NEURO ICU AND A NEW CARDIOVASCULAR CENTER WITH ENHANCED CRITICAL AND INTENSIVE CARE UNITS. MAJOR RENOVATIONS AND UPDATES TO THE BREAST CENTER CONTINUE, WHILE EXPANSION OF THE SAME DAY SURGERY CENTER INCLUDES TWO ADDITIONAL SURGERY SUITES, A REFURBISHED FAMILY WAITING ROOM, AND ENHANCED PRE- AND POST-OP UNITS. OVERALL, THE HOSPITAL IS RESTRUCTURING SOME 90% OF ITS PATIENT CARE SPACES, WITH NEW MEDICAL INFRASTRUCTURE IN EVERY ROOM AND TRIPLE THE NUMBER OF PRIVATE ROOMS.

    Expenses $12,457,116 · Grants $11,902,953

  • TO PROVIDE DIRECT SUPPORT TO OVERLOOK MEDICAL CENTER - ALIGNED ORGANIZATIONS AND INITIATIVES.

    Expenses $227,485 · Grants $227,485

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jessalyn Chang

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Peck

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Eric J Shick

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Karina Calzadilla

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Akshay Kapoor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Al Lord III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bev Luehs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Candice Steller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Candy Greig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christopher Sullivan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dean Serratelli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dina Santoro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Fedora Baloiu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Francis I Perier Jr

    TRUSTEE (ELECTED TREASURER)

    Total calculated
    $0
    Hours/week
    1

  • Hakan Erdamar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Huma Mirza DDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jack Mann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James N Gardner MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kishore Ballal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Linda Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Maggie Hariri

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Meri Barer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Muhammad Feteiha MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Neil Weidner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pradipto Bagchi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rich Rosen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Schrader

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ronald Benitez MD

    OUTGOING TRUSTEE (3/2024)

    Total calculated
    $0
    Hours/week
    1

  • Samantha Pozner MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Schwartz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Varkey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Clelia Biamonti PhD

    EXECUTIVE DIRECTOR

    Total calculated
    $414,963
    From this org
    $382,672
    From related orgs
    $0
    Other
    $32,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,409
    Bonus
    $58,457
    Other
    $1,806
    Deferred
    $13,091
    Nontaxable benefits
    $19,200
    Filer's total
    $414,963

  • Kimberly Myler

    ASSIST. SECRETARY/DIR. FINANCE

    Total calculated
    $235,312
    From this org
    $206,197
    From related orgs
    $0
    Other
    $29,115
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,378
    Bonus
    $8,019
    Other
    $1,800
    Deferred
    $9,798
    Nontaxable benefits
    $19,317
    Filer's total
    $235,312

  • Lorie McDonald

    DIRECTOR

    Total calculated
    $222,574
    From this org
    $190,510
    From related orgs
    $0
    Other
    $32,064
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,306
    Bonus
    $7,597
    Other
    $607
    Deferred
    $14,067
    Nontaxable benefits
    $17,997
    Filer's total
    $222,574

  • Marianne F Devlin

    DIRECTOR

    Total calculated
    $220,892
    From this org
    $188,019
    From related orgs
    $0
    Other
    $32,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,620
    Bonus
    $6,899
    Other
    $2,500
    Deferred
    $17,150
    Nontaxable benefits
    $15,723
    Filer's total
    $220,892

  • Kerry Mowry

    DIRECTOR

    Total calculated
    $185,508
    From this org
    $164,256
    From related orgs
    $0
    Other
    $21,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,116
    Bonus
    $5,976
    Other
    $2,164
    Deferred
    $5,893
    Nontaxable benefits
    $15,359
    Filer's total
    $185,508

  • Eileen S Weiss

    DIRECTOR

    Total calculated
    $184,799
    From this org
    $162,146
    From related orgs
    $0
    Other
    $22,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,651
    Bonus
    $6,331
    Other
    $2,164
    Deferred
    $7,294
    Nontaxable benefits
    $15,359
    Filer's total
    $184,799

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
AMOUNTS IN PART II COLUMN B(II) REPRESENT BONUSES. THESE AMOUNTS WERE INCLUDED IN THE INDIVIDUALS' 2023 W-2'S.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • OVERLOOK MEDICAL CENTER

    $11,911,300

    FOR DETAIL, SEE PART IV - SUPPLEMENTAL INFORMATION.

  • BRIDGES OUTREACH

    $6,000

    SUPPORT THE HOMELESS THROUGH HEALTH, HOUSING AND INDEPENDENCE SUPPORT.

  • UNION COUNTY COLLEGE FOUNDATION

    $6,000

    SUPPORT 3 NURSING SCHOLARSHIPS.

Provenance

Return type
form_990
Tax year
2023
Filed
7 April 2025
IRS schema version
2023v6.0
Source object
202500989349300940

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