2020-11-16T21:06:02-06:00 2019-12-31 WithumSmithBrown PC 200 Jefferson Park Suite 400 Whippany NJ 079811070 990 2019-01-01 463355413 The Summit Medical Group Foundation Inc % JOE FINOCCHIARO SUMM 9082778788 890 MOUNTAIN AVENUE SUITE 305 NEW PROVIDENCE NJ 07974 JOE FINOCCHIARO EXECUTIVE DIRECTOR 9082778788 2020-11-16 true Paul Alampi P01056161 9738989494 68.199.172.126 22006220203215000280 2020-11-16 P 0859958D9CB48A77DC2713DE15BB89E023B6E9A5 E926C70AB8A2860FCD2544200DB02949754B0C60 2019 2021-01-29 14:40:06Z JOE FINOCCHIARO 890 MOUNTAIN AVE STE 305 NEW PROVIDENCE NJ 07974 4385162 false X WWW.SMG-FOUNDATION.ORG X 2013 NJ IMPROVE ACCESS TO HEALTHCARE FOR UNDERSERVED INDIVIDUALS IN OUR COMMUNITY AND HELP EDUCATE AND INSPIRE OUR CURRENT AND FUTURE HEALTHCARE LEADERS. 11 11 4 350 0 1766631 3652080 0 0 9067 4975 10937 15913 1786635 3672968 173967 188866 0 0 44538 127839 0 0 274050 1712936 1731375 1931441 2048080 -144806 1624888 682549 2796021 258858 737442 423691 2058579 X IMPROVE ACCESS TO HEALTHCARE FOR UNDERSERVED INDIVIDUALS IN OUR COMMUNITY AND HELP EDUCATE AND INSPIRE OUR CURRENT AND FUTURE HEALTHCARE LEADERS. false false 1615535 188866 0 EXPENSES INCURRED IN IMPROVING ACCESS TO HEALTHCARE FOR UNDERSERVED INDIVIDUALS IN OUR COMMUNITY AND HELPING EDUCATE AND INSPIRE OUR CURRENT AND FUTURE HEALTHCARE LEADERS. 1615535 true true false false false false false false false true true false true false false true true false false false false false false false true false false true true false false false false false false false false false false false false false false true true true false false true 18 0 true 4 true false false false false false true true false false false false false false X 11 11 false true false false true true false true true false false true true true true false false true false false NJ OR X JOE FINOCCHIARO 9082778788 890 MOUNTAIN AVENUE SUITE 305 NEW PROVIDENCE NJ 07974 JOSEPH FINOCCHIARO EXECUTIVE DIRECTOR 40.0 0.0 X 0 79769 4152 REBECCA LEVY ESQ PRESIDENT - TRUSTEE 5.0 0.0 X X 0 0 0 JEFFREY D LE BENGER CHAIRMAN - TRUSTEE 5.0 0.0 X X 0 0 0 MARNIE CAMBRIA DARDANE SECRETARY - TRUSTEE 5.0 0.0 X X 0 0 0 HARI NADIMINTI MD TREASURER - TRUSTEE 5.0 0.0 X X 0 0 0 SONDRA BARRISON TRUSTEE 1.0 0.0 X 0 0 0 HOWARD BLAUSTEIN MD TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH M LEMOND ESQ TRUSTEE 1.0 0.0 X 0 0 0 KATHERINE LIU TRUSTEE 1.0 0.0 X 0 0 0 GENGHIS NIVER MD TRUSTEE 1.0 0.0 X 0 0 0 R GREGORY SACHS MD TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM A TANSEY III TRUSTEE 1.0 0.0 X 0 0 0 0 79769 4152 0 false false false SUMMIT MEDICAL GROUP PA 1 DIAMOND HILL ROAD BERKELY HEIGHTS NJ 07922 EMPLOYEE LEASING 920747 THE GROVE 61 POMPTON AVENUE CEDAR GROVE NJ 07009 EVENT MANAGEMENT 194171 SUMMIT HEALTH MANAGEMENT LLC 150 FLORAL AVENUE NEW PROVIDENCE NJ 07974 EMPLOYEE LEASING 147121 SME ENTERTAINMENT GROUP LLC 11640 SAN VICENTE BLVD SUITE 204 LOS ANGELES CA 90049 ENTERTAINMENT 111208 HAMILTON FARM 1040 POTTERSVILLE ROAD GLADSTONE NJ 07934 EVENT MANAGEMENT 103030 5 1024213 200500 2427367 3652080 0 4975 4975 0 0 0 0 0 0 679514 1024213 679514 0 0 0 48593 32680 15913 15913 0 3672968 20888 X 149589 149589 39277 39277 0 0 0 0 89800 76330 4490 8980 0 38039 32333 1902 3804 0 0 0 27097 16258 10839 0 0 0 1129134 910029 67093 152012 79728 65013 3986 10729 233486 181611 22943 28932 22220 11110 5555 5555 0 61022 38412 11305 11305 44195 27189 8503 8503 0 35900 12565 10770 12565 0 0 25565 25565 0 FACILITY EXP & FUNDRAISING 35442 18519 1684 15239 TEMPORARY HELP 22476 17980 2248 2248 MANAGEMENT TOOLS 3872 1936 968 968 OTHER EXPENSES 11238 8077 790 2371 2048080 1615535 158495 274050 0 0 455566 564362 0 0 0 0 0 0 0 0 0 0 6427 -4608 45000 0 294144 57877 175556 236267 0 0 0 0 0 2000000 0 0 0 0 682549 2796021 258858 737442 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 258858 737442 X 423691 2058579 0 0 423691 2058579 682549 2796021 X 1624888 10000 X X false true X true false X 698104 917008 1258667 1766631 1652080 6292490 0 0 698104 917008 1258667 1766631 1652080 6292490 1878752 4413738 2514 3760 3053 9067 4975 23369 0 0 6315859 2949647 0.69883 0.67487 X UNUSUAL GRANT The organization received A CONTRIBUTION: (1) IN THE AMOUNT OF $2,000,000 FROM AN INDIVIDUAL IN 2019 ThIS contribution WAS 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 in accordance with Treasury Regulations 1.509(a)-3(c)(4): - They were attracted because of the publicly supported nature of the organization, - They were unusual and unexpected because of the amounts (no other individuals or foundations contributed any amount similar to these amounts in the five year period), and - They are large enough that they would significantly decrease the organization's public support percentage. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 10000 10000 10000 10000 false false 114043 55121 58922 180101 2756 177345 236267 PROGRAM RELATED INVESTMENTS 2000000 F 2000000 0 0 X 4385162 712194 712194 3672968 3672968 2760274 712194 712194 2048080 2048080 SCHEDULE D, PART V, QUESTION 4 RESTRICTED FUNDS ARE USED TO SUPPORT THE CHARITABLE ACTIVITIES AND PROGRAMS OF THE ORGANIZATION. SCHEDULE D, PART X AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THIS ORGANIZATION FOR THE YEARS ENDED DECEMBER 31, 2019 AND DECEMBER 31, 2018; RESPECTIVELY. THE FOLLOWING FOOTNOTE IS INCLUDED IN THE ORGANIZATION'S 2019 AUDITED FINANCIAL STATEMENTS THAT REPORTS THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48(ASC 740): THE ORGANIZATION HAS OBTAINED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE NEW JERSEY CHARITABLE ORGANIZATIONS ACT AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A PUBLIC CHARITY. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX IS REQUIRED. THE ORGANIZATION'S ACCOUNTING POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH PROFESSIONAL ACCOUNTING STANDARDS. PURSUANT TO THE GUIDANCE IN THE STANDARDS, THE ORGANIZATION HAS DETERMINED THAT NO UNRECOGNIZED TAX BENEFITS EXIST AS OF DECEMBER 31, 2019 AND DOES NOT EXPECT THIS DETERMINATION TO CHANGE SIGNIFICANTLY OVER THE NEXT 12 MONTHS. ADDITIONALLY, THE ORGANIZATION HAS NOT INCURRED ANY INCOME TAX RELATED PENALTIES FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018. SHOULD SUCH PENALTIES AND INTEREST BE INCURRED, THE ORGANIZATION'S POLICY WOULD BE TO RECOGNIZE THEM AS OPERATING EXPENSES. SCHEDULE D, PART XI; LINE 2D AMOUNTS INCLUDED ON SCHEDULE D, PART XI, LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12: - SPECIAL EVENT EXPENSES; $679,514; AND - GIFT SHOP COST OF GOODS SOLD; $32,680. SCHEDULE D, PART XII; LINE 2D AMOUNTS INCLUDED ON SCHEDULE D, PART XII, LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25: - SPECIAL EVENT EXPENSES; $679,514; AND - GIFT SHOP COST OF GOODS SOLD; $32,680. ANNUAL GALA 1391337 839288 552049 187921 5593 358535 GOLF OUTING 312390 184925 127465 103030 7255 17180 0 1703727 1024213 679514 290951 12848 375715 679514 true COMMUNITY FOOD BANK OF NEW JERSEY INC 31 EVANS TERMINAL HILLSIDE NJ 07205 222423882 501(C)(3) 40000 PROGRAM SUPPORT SUSAN G KOMEN NORTH JERSEY 44 MIDDLE AVE SECOND FL SUMMIT NJ 07901 223528454 501(C)(3) 30900 PROGRAM SUPPORT CUMACECHO INC 223 ELLISON STREET PATERSON NJ 07505 222657737 501(C)(3) 6000 PROGRAM SUPPORT 3 0 SCHOLARSHIPS 102 30500 fmv community assistance 32 8777 fmv SCHEDULE I, PART I, QUESTION 2 GRANTS ARE MONITORED BY THE ORGANIZATION'S FINANCE PERSONNEL THROUGH THE UTILIZATION OF COST CENTERS AND OTHER INFORMATION; INCLUDING WRITTEN INFORMATION AND RECEIPTS. CORE FORM, PART VI, SECTION A; QUESTION 3 THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES OF THE EXECUTIVE DIRECTOR POSITION TO SUMMIT HEALTH MANAGEMENT, LLC, A NEW JERSEY LIMITED LIABILITY COMPANY. EFFECTIVE 08/01/2019, JOSEPH FINOCCHIARO WAS COMPENSATED BY SUMMIT HEALTH MANAGEMENT, LLC. AMOUNTS PAID FOR THESE SERVICES TOTALLED $147,121 AND WERE RENDERED AT FAIR MARKET VALUE RATES PURSUANT TO ARM'S LENGTH NEGOTIATIONS. CORE FORM, PART VI, SECTION A; QUESTIONS 6 & 7 SUMMIT MEDICAL GROUP, P.A. IS THE SOLE MEMBER OF THIS ORGANIZATION; HOWEVER, ALL DECISIONS RELATED TO THIS ORGANIZATION ARE DONE SO AT THE BOARD OF TRUSTEE LEVEL. SUMMIT MEDICAL GROUP, P.A. DOES NOT HAVE RIGHTS AND POWERS OVER THIS ORGANIZATION. CORE FORM, PART VI, SECTION B; QUESTION 11 THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). THE EXECUTIVE DIRECTOR AND TREASURER ASSUMED THE RESPONSIBLITY TO OVERSEE AND COORDINATE THE FORM 990 PREPARATION, REVIEW AND FILING PROCESS. AS PART OF THE TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CERTIFIED PUBLIC ACCOUNTING ("CPA") FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S EXECUTIVE DIRECTOR TO OBTAIN THE INFORMATION NEEDED TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S EXECUTIVE DIRECTOR FOR REVIEW. THE EXECUTIVE DIRECTOR REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S EXECUTIVE DIRECTOR FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS. CORE FORM, PART VI, SECTION B; QUESTION 12 THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES AND OFFICERS ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S VICE PRESIDENT FOR REVIEW. THEREAFTER THE VICE PRESIDENT PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES WHICH CONTAINS INFORMATION DISCLOSED ON AN INDIVIDUAL BY INDIVIDUAL BASIS AND THEREAFTER PRESENTS THIS SUMMARY TO THE ORGANIZATION'S BOARD OF TRUSTEES FOR THEIR REVIEW AND DISCUSSION. CORE FORM, PART VI, SECTION B; QUESTION 15 THE ORGANIZATION HAS AN EXECUTIVE COMPENSATION COMMITTEE ("COMMITTEE"). THE COMPENSATION AND BENEFITS OF THE EXECUTIVE DIRECTOR ARE REVIEWED BY THE COMMITTEE TO ENSURE FAIR MARKET VALUE COMPENSATION IS PAID. WHERE APPROPRIATE, THE BOARD REVIEWS EXTERNAL COMPARABLE DATA AND SEEKS ADVICE OF THE COMMITTEE TO ENSURE TOTAL COMPENSATION OF THIS INDIVIDUAL IS REASONABLE AND FAIR MARKET VALUE. CORE FORM, PART VI, SECTION C; QUESTION 19 THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY. CORE FORM, PART XI; LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCE INCLUDE: - NET ASSETS RELEASED FROM RESTRICITON FOR OPERATIONS - $10,000. CORE FORM, PART XII; QUESTION 2 AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE TAXPAYER FOR THE YEARS ENDED DECEMBER 31, 2019 AND DECEMBER 31, 2018; RESPECTIVELY, AND ISSUED A CERTIFIED AUDITED FINANCIAL STATEMENT. AN UNMODIFIED OPINION WAS ISSUED BY AN INDEPENDENT CPA FIRM FOR EACH YEAR. THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE RESPONSIBLITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF ITS INDEPENDENT AUDITOR. FORM 990 PART IX LINE 11G DESCRIPTION:PURCHASED SERVICES TOTAL FEES:902370 FORM 990 PART IX LINE 11G DESCRIPTION:PROFESSIONAL FEES TOTAL FEES:112471 FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED SERVICES TOTAL FEES:100272 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING FEES TOTAL FEES:14021 SUMMIT MEDICAL GROUP PA 1 DIAMOND HILL ROAD BERKELEY HEIGHTS NJ 07922 223487984 HEALTH SVCS. NJ NA C CORP. false false false true false false false false false false false false false true true true false false false false SUMMIT MEDICAL GROUP PA C 200500 COST SUMMIT MEDICAL GROUP PA M 920747 COST