PLATINUM2024

CENTRASTATE HEALTHCARE FOUNDATION

Freehold, NJ   |  www.centrastatefoundation.org
GuideStar Charity Check

CENTRASTATE HEALTHCARE FOUNDATION

EIN: 22-2383065


Mission

To inspire broad based community philanthropic support for advancing exceptional healthcare at the Centra State Healthcare System

Ruling year info

1982

VP, Development & Volunteer Services

Ms. Nancy R. Barone

President & CEO, CentraState Healthcare System

Mr. Thomas Scott

Main address

225 Willow Brook Road - Suite 5

Freehold, NJ 07728 USA

Show more contact info

Formerly known as

Greater Freehold Area Hospital and Health Services Fund

EIN

22-2383065

Subject area info

Community health care

Hospital care

Population served info

Adults

Women and girls

NTEE code info

Hospital (General) (E22)

What we aim to solve

SOURCE: Self-reported by organization

We aim to provide philanthropic and volunteer support to CentraState Healthcare System to support their mission.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Statesir Cancer Center at CentraState

The Statesir Cancer Center at CentraState Medical Center in Monmouth County, New Jersey is a place of healing where we’re always a step ahead in preventing and treating cancer. Our comprehensive and advanced cancer diagnosis and cancer treatment options give you the kinds of choices you’d find in the most respected medical centers in every major city – but closer to home.

Our talented team of skilled primary care physicians, leading cancer specialists, and compassionate nurse navigators provide a unified support system unlike any other medical facility. At CentraState’s Cancer Center, you can experience the power of community-based cancer care – right here in NJ.

What does community-based cancer care mean for you? It means that you’ll have access to top-notch prevention, diagnostic, treatment and wellness programming, including increasingly coordinated, convenient and personalized cancer care in your community. Whether you – or a loved one – are coping with a cancer diagnosis, some of your most difficult decisions revolve around how to choose the best treatment, the best doctor, and figuring out how to manage your ongoing needs. It’s especially difficult to have to make those decisions while struggling emotionally with the impact of a diagnosis of cancer.

We understand those emotional challenges at CentraState. We value the importance of providing you with cancer care, education, and support in a seamless way, so that you can easily find all the cancer services you need, here in Monmouth County. Because when it comes to cancer care - your best option is having every option.

Population(s) Served
Adults

The Neuroscience Center of Central Jersey at CentraState offers comprehensive care for brain, spine, and nervous system conditions. Through a personalized approach, our neuroscience and neurosurgeon experts provide treatment that focuses on all aspects of a patient’s well-being from diagnosis through management.

Population(s) Served

From our prenatal classes to the healthy delivery of your baby and postpartum care—We Deliver. Our doctors, nurses and specially-trained teams are here to go beyond your needs and answer any questions you may have every step of the way.

Population(s) Served
Children and youth
Children and youth

Multiple sclerosis (MS) is a chronic, debilitating disease of the central nervous system. The symptoms of MS can range from mild—producing little or no disability—to severe—leading to substantial disability, sometimes quickly. The unpredictable physical and emotional effect can be life-long, but effective treatment can help manage symptoms and change the course of the disease.

The Linda E. Cardinale MS Center at CentraState was created to help improve the quality of life for people with multiple sclerosis and their families in the tri-state region. We provide comprehensive, high-quality care through accurate diagnosis, education, the establishment of appropriate care plans, and individualized treatment, with a special emphasis on various support systems.

Population(s) Served

Mobility and function are among the key indicators of good health across the lifespan. If you notice you’re having any issues with movement or functioning, you may benefit from an evaluation with CentraState’s Movement Disorder Program. This multidisciplinary program is designed to detect and manage any neurodegenerative issues early, when treatment is most effective.

The Movement Disorder Program is led by Jia Zhen Cheng, MD, a board-certified neurologist who is fellowship-trained in movement disorders, in collaboration with skilled therapists at CentraState’s OceanFirst Rehabilitation Center and various other medical specialties. Together, they focus on optimal functioning and well-being for the body and mind.

Population(s) Served
Adults
Adults
Adults
Adults

Where we work

Affiliations & memberships

Association for Healthcare Philanthropy 2004

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollars received in contributions

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Number of donors retained

This metric is no longer tracked.
Totals By Year
Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Number of new donors

This metric is no longer tracked.
Totals By Year
Type of Metric

Other - describing something else

Direction of Success

Holding steady

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our mission is to inspire broad based philanthropic support from the region to advance exceptional healthcare at CentraState Healthcare System.

Since our incorporation in 1981, our mission has been to serve as the link between CentraState Healthcare System and the region. Through our volunteer and contribution opportunities, the Foundation offers residents and businesses a way to become stakeholders in their hospital.

Our board and team members are fully engaged in the mission.

We had a 2.9% increase in renewed donors in 2023 over 2022.

Financials

CENTRASTATE HEALTHCARE FOUNDATION
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

6.67

Average of 4.91 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

7.4

Average of 14 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 12% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

CENTRASTATE HEALTHCARE FOUNDATION

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

CENTRASTATE HEALTHCARE FOUNDATION

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

CENTRASTATE HEALTHCARE FOUNDATION

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of CENTRASTATE HEALTHCARE FOUNDATION’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$1,496,967 $3,507,916 -$77,836 -$201,117 $374,870
As % of expenses -43.1% 111.5% -2.2% -7.0% 6.7%
Unrestricted surplus (deficit) after depreciation -$1,532,730 $3,478,685 -$97,153 -$215,100 $360,647
As % of expenses -43.7% 109.6% -2.8% -7.5% 6.4%
Revenue composition info
Total revenue (unrestricted & restricted) $2,639,104 $3,972,117 $2,570,608 $2,979,113 $6,740,166
Total revenue, % change over prior year 8.8% 50.5% -35.3% 15.9% 126.2%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 11.4% 8.0% 11.0% 10.3% 4.3%
Government grants 0.0% 2.2% 4.2% 26.8% 38.7%
All other grants and contributions 83.8% 86.0% 76.7% 40.3% 43.9%
Other revenue 4.8% 3.8% 8.2% 22.5% 13.0%
Expense composition info
Total expenses before depreciation $3,472,203 $3,146,190 $3,512,389 $2,853,022 $5,577,973
Total expenses, % change over prior year 75.6% -9.4% 11.6% -18.8% 95.5%
Personnel 24.2% 0.0% 0.0% 0.0% 0.0%
Professional fees 8.1% 3.3% 2.3% 3.4% 1.8%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 58.1% 60.7% 68.6% 64.1% 78.4%
All other expenses 9.6% 36.1% 29.1% 32.5% 19.8%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $3,507,966 $3,175,421 $3,531,706 $2,867,005 $5,592,196
One month of savings $289,350 $262,183 $292,699 $237,752 $464,831
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $120,992
Total full costs (estimated) $3,797,316 $3,437,604 $3,824,405 $3,104,757 $6,178,019

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 6.8 4.9 3.4 3.3 7.4
Months of cash and investments 45.6 60.3 58.7 80.2 35.9
Months of estimated liquid unrestricted net assets -21.9 -10.8 -10.0 -13.2 -6.2
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $1,963,231 $1,288,977 $1,009,189 $794,142 $3,446,114
Investments $11,223,973 $14,509,203 $16,183,325 $18,284,420 $13,226,678
Receivables $662,123 $1,461,457 $1,082,676 $872,249 $590,625
Gross land, buildings, equipment (LBE) $1,077,369 $1,086,674 $1,100,899 $1,106,413 $1,220,868
Accumulated depreciation (as a % of LBE) 36.0% 38.4% 39.7% 40.7% 37.5%
Liabilities (as a % of assets) 27.7% 1.5% 1.3% 2.7% 3.3%
Unrestricted net assets -$5,644,752 -$2,166,067 -$2,263,220 -$2,478,320 -$2,117,673
Temporarily restricted net assets $15,715,083 N/A N/A N/A N/A
Permanently restricted net assets $613,913 N/A N/A N/A N/A
Total restricted net assets $16,328,996 $20,094,969 $21,318,095 $22,732,369 $19,838,131
Total net assets $10,684,244 $17,928,902 $19,054,875 $20,254,049 $17,720,458

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

VP, Development & Volunteer Services

Ms. Nancy R. Barone

Ms. Barone has been in Healthcare philanthropy for over 20 years, serving on numerous local boards.

President & CEO, CentraState Healthcare System

Thomas Scott

Mr. Scott joined CentraState in 2015 as COO after serving seven years at Chilton Medical Center, Pompton Plains, New Jersey in the same role. He has deep experience in healthcare management with prior positions at Stamford Hospital in Stamford, Connecticut and St. Joseph’s Regional Medical Center, Paterson, New Jersey, among others. Scott received a bachelor’s degree from St. Lawrence University and a master’s degree in Health Administration from Cornell University. He serves on the Board of Trustees of the VNA Health Group and the Board of Directors of the New Jersey Hospital Association Business Solutions.

Number of employees

Source: IRS Form 990

CENTRASTATE HEALTHCARE FOUNDATION

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

CENTRASTATE HEALTHCARE FOUNDATION

Board of directors
as of 01/23/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Brett Taft

UMH Properties

Term: 2024 - 2027

Kenneth Reilly

Vincent Labbate

Kenneth Tomkovich

June Duck

Thomas Hogan

Daniel Jackson

Robert Kash

Blake Laurence

Julian Leone

Peter Licata

Anthony Marino

Robert McGirr

Sanjay Mehta

Valerie MacPhee

Larry Metz

Andrew Santoro

William Setaro

Edward Soffen

Eric Buxbaum

Matthew Seigel

Ralph Ross

Joseph Iantosca

John Eggert

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 1/23/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

The organization's co-leader identifies as:

No data

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.