Overlook Foundation
Nonprofit profile at a glance
- EIN
- 510194054
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Summit, NJ, USA
- Phone
- 9085222840
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $16,480,021
- Expenses
- $17,236,459
- Assets
- $139,874,424
- Liabilities
- $3,353,916
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
37 people listed
Executive titles in this filing
- CLELIA BIAMONTI PHD (EXECUTIVE DIRECTOR)
Highest reported compensation
- CLELIA BIAMONTI PHD (EXECUTIVE DIRECTOR): $441,817 total reported compensation
- KIMBERLY MYLER (ASSIST. SECRETARY/DIR. FINANCE): $249,163 total reported compensation
- MARIANNE F DEVLIN (DIRECTOR): $232,938 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the overlook foundation is to develop, manage, and distribute resources to advance the delivery of high-quality health care by overlook medical center.
What it reported doing in 2024
Overlook foundation provides critical funding to atlantic health 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 successfully reached its $82.5 million overlook ahead campaign goal in 2025, the comprehensive, multi-phase expansion and modernization of atlantic health overlook's campus continues. Continued in schedule o.today's fully optimized hospital of the future features new medical infrastructure in every room, double the number of private patient rooms, and an alignment of clinical programs designed to make care more patient centric. Services throughout the hospital have been relocated and units built, expanded or renovated, including the new east building, all while patients continued to receive the world-class care they expect.
Operating model
- Revenue model
- Donor-supported. 76% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 85.8%; rating input score 86
- Fundraising efficiency: $15.93 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.1%; rating input score 99; 32nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.6%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 8.12; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 89; 89th percentile among comparable filings
- Officer compensation ratio: 8.5%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: 13.7% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 6.2% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 5.9% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 85.8% of spending went to programs
- Governance: 31 of 31 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $14.8M in reported program spending
- Leadership: top reported pay $442K · 37 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $101K reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 51/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Officer compensation ratio scored 27/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.