2018-01-10T14:39:12-06:00 2016-12-31 WithumSmithBrown PC 200 Jefferson Park Suite 400 Whippany NJ 079811070 990 2016-01-01 463355413 The Summit Medical Group Foundation Inc % JOE FINOCCHIARO SUMM 9082778788 150 FLORAL AVENUE NEW PROVIDENCE NJ 07974 JOE FINOCCHIARO EXECUTIVE DIRECTOR 9082778788 2017-12-22 true Anthony J Panico P00365556 9738989494 148.77.36.74 22006220180105000135 2018-01-10 P EFB3F90CD62757DA7B098748B029987CE34337C5 8A18823307223DEFE2348A7E64ED0049F1172BAE 2016 2021-01-29 14:40:06Z STEVEN KAYE 150 FLORAL AVENUE NEW PROVIDENCE NJ 07974 1436937 false X WWW.SMG-FOUNDATION.ORG X 2013 NJ TO STRENGTHEN COMMUNITIES AND IMPROVE LIVES THROUGH WELLNESS PROMOTION, MEDICAL EDUCATION AND MEDICAL RESEARCH. 11 11 4 189 0 698104 917008 0 0 2514 3760 0 0 700618 920768 60513 139214 0 0 193684 382041 0 0 80578 123687 193630 377884 714885 322734 205883 497516 745957 40277 82835 457239 663122 TO STRENGTHEN COMMUNITIES AND IMPROVE LIVES THROUGH WELLNESS PROMOTION, MEDICAL EDUCATION AND MEDICAL RESEARCH. false false 503967 139214 0 EXPENSES INCURRED IN STRENGTHENING COMMUNITIES AND IMPROVING LIVES THROUGH WELLNESS PROMOTION, MEDICAL EDUCATION AND MEDICAL RESEARCH INCLUDING BUT NOT LIMITED TO EDUCATING HIGH SCHOOL STUDENTS WITH REGARDS TO CAREERS IN MEDICINE AND SUPPORTING MELANOMA AWARENESS AND EDUCATION. 503967 true true false false false false false false false true true false false false false true true false false false false false false false true false false true true true false false false false false false false false false false false false false true true true false false true 10 0 true 4 true false false false false false true true false false false false X 11 11 false false false false true true false true true false false false true true true false false true false false NJ X JOE FINOCCHIARO 9082778788 150 FLORAL AVENUE NEW PROVIDENCE NJ 07974 STEVEN KAYE PRESIDENT - TRUSTEE 5.0 0.0 X X 0 0 0 REBECCA LEVY ESQ VICE PRESIDENT - TRUSTEE 5.0 0.0 X X 0 0 0 JEFFREY D LE BENGER MD CHAIRMAN - TRUSTEE 5.0 0.0 X X 0 0 0 MARNIE CAMBRIA DARDANELLO MD 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 HOWARD BLAUSTEIN MD TRUSTEE 1.0 0.0 X 0 0 0 JOE 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 FACC TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM A TANSEY III MD FACC TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH FINOCCHIARO EXECUTIVE DIRECTOR 40.0 0.0 X 108083 117664 4460 108083 117664 4460 1 false true false 0 X 641069 239500 36439 917008 0 3760 3760 0 0 0 0 0 0 516169 641069 516169 0 0 0 0 0 0 0 920768 3760 X 96714 96714 42500 42500 0 0 108083 108083 0 198525 113698 27120 57707 0 73015 55552 5707 11756 2418 2418 0 0 25552 25552 0 0 0 14138 11100 3038 0 31128 10296 20047 785 63485 43627 12596 7262 17394 2202 15192 0 0 0 140 140 0 3561 3561 0 0 0 849 849 TEMPORARY HELP 22455 13450 7005 2000 MANAGEMENT TOOLS 4869 139 4730 0 FUNDRAISING FEES 1716 0 1209 507 OTHER EXPENSES 8343 5757 2025 561 714885 503967 130340 80578 0 0 497516 663795 0 0 0 0 0 0 0 0 0 0 0 0 0 37000 45162 0 0 45162 0 0 0 0 0 0 0 0 0 0 497516 745957 40277 82835 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40277 82835 X 457239 653122 0 10000 0 0 457239 663122 497516 745957 205883 X X false true X true false X 0 34824 462319 698104 917008 2112255 0 0 0 34824 462319 698104 917008 2112255 868148 1244107 2 262 2514 3760 6538 0 0 2118793 1100284 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 10000 10000 1.00000 false false 45162 0 45162 45162 0 0 X 1436937 516169 516169 920768 920768 1231054 516169 516169 714885 714885 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, 2016 DECEMBER 31, 2015; RESPECTIVELY. THE FOLLOWING FOOTNOTE IS INCLUDED IN THE ORGANIZATION'S 2016 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 ORGANIZATIONS 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, 2016 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, 2016 AND 2015. SHOULD SUCH PENALTIES AND INTEREST BE INCURRED, THE ORGANIZATIONS 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; $516,169. 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; $516,169. ANNUAL GALA 881153 494180 386973 128208 258765 GOLF OUTING 276085 146889 129196 86452 2118 40626 0 1157238 641069 516169 214660 2118 299391 516169 true THE VICTOR CRUZ FOUNDATION 5 THE CROSSING NORTH CALDWELL NJ 07006 352440982 501(c)(3) 10000 program SUPPORT BOYS & GIRLS CLUB OF PATERSON & PASSAIC 264 21ST AVE PATERSON NJ 07501 221726665 501(C)(3) 8500 program SUPPORT 2 0 SCHOLARSHIPS 49 42500 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. X X X false false false false false false false false false JOSEPH FINOCCHIARO EXECUTIVE DIRECTOR 108083 117502 0 0 0 162 0 0 0 4460 108083 122124 0 0 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 THE RIGHTS AND POWERS OVER THIS ORGANIZATION. CORE FORM, PART VI, SECTION B; QUESTION 11 THE ORGANIZATION'S EXECUTIVE DIRECTOR AND TREASURER ASSUMED THE RESPONSIBILITY TO OVERSEE AND COORDINATE THE FEDERAL FORM 990 PREPARATION AND FILING PROCESS. AS PART OF THE FEDERAL FORM 990 TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CERTIFIED PUBLIC ACCOUNTING ("CPA") FIRM WITH EXPERIENCE AND EXPERTISE IN BOTH HEALTHCARE AND 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 IN ORDER 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, TREASURER AND CERTAIN BOARD OF TRUSTEE MEMBERS FOR REVIEW. THESE INDIVIDUALS 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 AND TREASURER FOR FINAL REVIEW AND APPROVAL. IN ADDITION, THE FORM 990 WILL BE PRESENTED TO AND REVIEWED BY THE ORGANIZATION'S FULL BOARD OF TRUSTEES AT ITS JANUARY 2018 MEETING. 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 XII; QUESTION 2 AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE TAXPAYER FOR THE YEARS ENDED DECEMBER 31, 2016 AND DECEMBER 31, 2015; RESPECTIVELY. THE INDEPENDENT CPA FIRM ISSUED AN UNQUALIFIED OPINION WITH RESPECT TO THE AUDITED FINANCIAL STATEMENTS. 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