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Nonprofiteer
← NEWTON MEDICAL CENTER FOUNDATION

Form 990 for tax year 2024

Filed by NEWTON MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$3,044,029
Total expenses
$1,877,648
Contributions and grants received
$1,184,371
Grants paid
$1,393,109
Program services expenses (Part IX)
$1,393,109
Management and general expenses
$453,115
Fundraising expenses
$31,424
Program service expenses (Part III)
$1,393,109

Program services were 74.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Mark Avondoglio

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Robert Adams

    Trustee-President, Western

    Total calculated
    $1,452,117
    From this org
    $0
    From related orgs
    $1,266,625
    Other
    $185,492
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $596,552 related
    Bonus
    $0 + $510,632 related
    Other
    $0 + $159,441 related
    Deferred
    $0 + $152,992 related
    Nontaxable benefits
    $0 + $32,500 related
    Filer's total
    $0 + $1,452,117 related

  • Megan Sandow

    Trustee-Chief Dev Officer

    Total calculated
    $369,671
    From this org
    $0
    From related orgs
    $337,441
    Other
    $32,230
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,158 related
    Bonus
    $0 + $47,477 related
    Other
    $0 + $1,806 related
    Deferred
    $0 + $13,443 related
    Nontaxable benefits
    $0 + $18,787 related
    Filer's total
    $0 + $369,671 related

  • Salvatore Dispenziere III

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Buffie Dobbs

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Colleen Apter

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Larry Condit

    Asst. Treasurer

    Total calculated
    $0
    Hours/week
    2

  • E Jane Brown

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • George W Morville Jr

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Greg Nolan

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jason Apter

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey J Quinn

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jo-Ellen McCracken Hazen

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Karl Wagner

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kim Ferruggia

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kurt Walton

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Thomas N Ryan Esq

    Trustee-Secretary

    Total calculated
    $0
    Hours/week
    2

  • Mark Cummins

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Mary Waller

    Trustee - Aux. Rep

    Total calculated
    $0
    Hours/week
    2

  • Matthew Hannum

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Michael E Holenstein

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Michael Lanza Esq

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Richard Bourque

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Robert Masci MD FACC

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Donald Costlow DVM

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Raymond Cordts DMV

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Ronald K Harris MD

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • David P Romano

    Trustee-Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Tracey Woodhead

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Michael Walter

    SVP-Chief Financial Office

    Total calculated
    $1,872,440
    From this org
    $0
    From related orgs
    $1,615,288
    Other
    $257,152
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $982,449 related
    Bonus
    $0 + $592,546 related
    Other
    $0 + $40,293 related
    Deferred
    $0 + $211,325 related
    Nontaxable benefits
    $0 + $45,827 related
    Filer's total
    $0 + $1,872,440 related

  • Kevin Lenahan

    EVP-Chief Business & Strat

    Total calculated
    $3,385,858
    From this org
    $0
    From related orgs
    $2,924,716
    Other
    $461,142
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,415,590 related
    Bonus
    $0 + $1,094,600 related
    Other
    $0 + $414,526 related
    Deferred
    $0 + $423,493 related
    Nontaxable benefits
    $0 + $37,649 related
    Filer's total
    $0 + $3,385,858 related

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 — 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4b
2024 Supplemental Executive Retirement Plan (SERP) Earned Credits During 2024, Atlantic Health implemented a non-qualified SERP paid entirely by Atlantic Health System. The SERP is provided to individuals that hold an executive position with Atlantic Health System. The SERP is in addition to benefits provided under the Atlantic Health System 403(b) and the Cash Balance plan if hired prior to December 15, 2013. During 2024, the following Trustees received SERP credits: Robert Adams, Jr. 134,892 Michael Walter 193,222 Kevin Lenahan 385,483 The above amounts represent earned credits which ahve not vested and were not included in the respective 2024 W-2 compensation. However, the earned credits were included as Other Compensation in Column (F) of Part VII and in Schedule J, Column (C) of the 2024 IRS 990 tax return per IRS guidance. Once the Trustees meet the applicable vesting criteria of the plan, the SERP credits will be included as taxable compensation in their respective Form W-2 of that year. 2024 Supplemental Executive Retirement Plan (SERP)Taxable Distributions The following Trustee received taxable SERP distributions during 2024 based on the vesting criteria of the plan document. These taxable SERP distributions were included in the Trustee's 2024 W-2 and reported in Other Reportable Compensation in Schedule J (Sch J, (B)(ii))of the this IRS 990: Robert Adams $140,479 Kevin Lenahan 357,274

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

  • Newton Medical Center

    $1,393,109

    Cash transfer to affiliate for support of various capital campaigns and community programs.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533189349301923

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