Overlook Foundation FY2022 filing

Tax-deductible

Summit, NJ501(c)(3)Since 1976Health CareEIN 51-0194054Revenue $22.1M in FY2022

On file with the IRSoverlookfoundation.org46 Beauvoir Ave, 07901-3568 · Summit, NJTax-exempt since Apr 1979Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $3.7M a year · 22% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $156K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5.5M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.1M
+54% vs prior year
Spent
$17.0M
To programs
86%
Net assets
$118.8M
By yearFY2020–FY2025
Revenue
$22.1M
FY2022▲ +54%
Tap a bar for its year
Revenue by fiscal year
FY2020$18.1M
FY2021$14.3M
FY2022$22.1M
FY2023$14.8M
FY2024$13.9M
FY2025$16.5M
Expenses
$17.0M
FY2022▲ +115%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.6M
FY2021$7.9M
FY2022$17.0M
FY2023$13.4M
FY2024$15.3M
FY2025$17.2M
Net assets
$118.8M
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$101.3M
FY2021$129.9M
FY2022$118.8M
FY2023$124.7M
FY2024$130.6M
FY2025$136.5M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $14.6M Management & general 10% · $1.6M Fundraising 4% · $679K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

39 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$359,282Pt VII · Sec A
Director
$242,373Pt VII · Sec A
Assist. Secretary, Dir. Fin & Op
$169,495Pt VII · Sec A
$163,136Pt VII · Sec A
$142,253Pt VII · Sec A
Director
$127,825Pt VII · Sec A
Director
$106,300Pt VII · Sec A
$0Pt VII · Sec A

Clelia Biamonti PHD’s $406K as Executive Director is at the 66th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Clelia Biamonti PHD$406,495$382,672$371,593$359,282$336,112$323,220
Kenneth Cole———$242,373$221,643$241,056
Kimberly Myler$218,333$206,197$186,030$169,495$163,335$154,730
Marianne F Devlin$199,786$188,019$163,834———
Lorie McDonald$147,278$190,510$173,167$163,136$158,484$149,576
Kerry Mowry$172,100$164,256$145,315$127,825$124,085$118,157
Eileen S Weiss$170,188$162,146$132,758———
Marianne Devlin———$142,253$140,201$133,660

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Overlook Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops and manages resources to advance high-quality healthcare delivery.

Provided by the organization

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2 programs · $14.6M · in their own filed words · FY2021
01

Overlook foundation provides critical funding to 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…

$14.3Mprogram expense
02

To Provide Direct Support to Overlook Medical Center

Aligned organizations and initiatives.

$343Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$156K
See all 4 funders →
Grants paid · 205 grants · $58.6M · 2019–2024
Overlook Medical CenterFY2024$13,677,773
Unitemized GrantFY2024$114,459
Unitemized GrantFY2024$97,889
Unitemized GrantFY2024$35,602
Unitemized GrantFY2024$29,509
Overlook Medical CenterFY2023$11,911,300
Unitemized GrantFY2023$71,867
Unitemized GrantFY2023$69,238
Unitemized GrantFY2023$7,947
Bridges Outreach INCNJ · FY2023$6,000
Unitemized GrantFY2023$3,433
Overlook Medical CenterFY2022$9,811,557
Unitemized GrantFY2022$200,587
Unitemized GrantFY2022$93,658
Unitemized GrantFY2022$16,482
Unitemized GrantFY2022$10,108
Bridges Outreach INCNJ · FY2022$10,000
See all 205 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$22.1M
Ln 12
Gifts and grantsLn 1h$18.9M
Investment incomeLn 3$3.2M
Money outPt IX
$17.0M
Ln 25
Programscol B$14.6M
Managementcol C$1.6M
Fundraisingcol D$679K
Owns and owesPt X
$118.8M
net assets · Ln 32
Cash and savingsLn 1–2$11.0M
Total assetsLn 16$124.3M
LiabilitiesLn 26$5.5M
PeoplePt VI, VII
39
listed · VII A
PaidVII A7
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.9M
Fundraising eventsLn 1c$266K
Investment incomeLn 3$3.2M
Gains on assetsLn 7$1.1M
Total revenueLn 12$22.1M
Assets in detailPt X, end of year
CashLn 1$669
SavingsLn 2$11.0M
Cash and savings togetherLn 1–2$11.0M
InvestmentsLn 11–13$97.4M
Other assetsLn 15$5.6M
Total assetsLn 16$124.3M
LiabilitiesLn 26$5.5M
Net assetsLn 32$118.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$11.7M$11.0M
InvestmentsLn 11–13$105.9M$97.4M
Total assetsLn 16$135.2M$124.3M
LiabilitiesLn 26$5.3M$5.5M
Net assetsLn 32$129.9M$118.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$13.7M$13.7M
Grants to domestic individualsLn 2$248K$248K
Pay of current officers, directors and key staffLn 5$705K$197K$352K$155K
Other salaries and wagesLn 7$1.2M$329K$588K$259K
Pension plan contributionsLn 8$72K$20K$36K$16K
Other employee benefitsLn 9$182K$51K$91K$40K
Legal feesLn 11b$16K$230$10K$5K
Accounting feesLn 11c$166K$2K$105K$58K
Investment management feesLn 11f$149K$149K
Other fees for servicesLn 11g$109K$2K$69K$38K
Advertising and promotionLn 12$112K$30K$13K$69K
Office expensesLn 13$66K$60K$7K
Information technologyLn 14$45K$45K
TravelLn 17$24K$3K$2K$19K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$114K$2K$99K$12K
Total functional expensesLn 25$17.0M$14.6M$1.6M$679K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $16.5M$17.2M−$756K$136.5M 990 PDF
FY2024 $13.9M$15.3M−$1.3M$130.6M 990 PDF
FY2023 $14.8M$13.4M$1.4M$124.7M 990 PDF
FY2022 Viewing $22.1M$17.0M$5.1M$118.8M 990 PDF
FY2021 $14.3M$7.9M$6.4M$129.9M 990 PDF
FY2020 $18.1M$6.6M$11.5M$101.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $22,064,217 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,344,981$18,939,213
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,948,921$3,240,784
I-11 Other revenuePrior year −$7,981−$115,780
I-12 Total revenuePrior year $14,285,921$22,064,217
I-13 Grants and similar amounts paidPrior year $4,880,981$13,992,584
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,240,821$2,134,874
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $746,721$826,296
I-18 Total expensesPrior year $7,868,523$16,953,754
I-19 Revenue less expensesPrior year $6,417,398$5,110,463
Part VI · Governance 30 of 30 board members independent, no flags
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $22,064,217 across 7 lines filed
VIII-1c Fundraising events$265,644
VIII-1f All other contributions, gifts and grants$18,673,569
VIII-1h Total contributions, gifts and grants$18,939,213
VIII-3 Investment incomeUnrelated business $27,300 · Excluded from tax $2,089,799$2,117,099
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,123,685$1,123,685
VIII-8 Net income from fundraising eventsExcluded from tax −$115,780−$115,780
VIII-12 Total revenueRelated to mission $0 · Unrelated business $27,300 · Excluded from tax $3,097,704$22,064,217
Part IX · Statement of functional expenses $16,953,754 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $13,744,427$13,744,427
IX-2 Grants to domestic individualsPrograms $248,157$248,157
IX-5 Pay of current officers, directors and key staffPrograms $197,323 · Management $352,362 · Fundraising $155,039$704,724
IX-7 Other salaries and wagesPrograms $329,149 · Management $587,766 · Fundraising $258,617$1,175,532
IX-8 Pension plan contributionsPrograms $20,207 · Management $36,084 · Fundraising $15,877$72,168
IX-9 Other employee benefitsPrograms $51,086 · Management $91,225 · Fundraising $40,139$182,450
IX-11b Legal feesPrograms $230 · Management $9,835 · Fundraising $5,436$15,501
IX-11c Accounting feesPrograms $2,465 · Management $105,193 · Fundraising $58,137$165,795
IX-11f Investment management feesManagement $148,747$148,747
IX-11g Other fees for servicesPrograms $1,623 · Management $69,284 · Fundraising $38,291$109,198
IX-12 Advertising and promotionPrograms $30,183 · Management $13,172 · Fundraising $68,900$112,255
IX-13 Office expensesManagement $59,558 · Fundraising $6,741$66,299
IX-14 Information technologyManagement $45,239$45,239
IX-17 TravelPrograms $2,615 · Management $2,056 · Fundraising $19,314$23,985
IX-23 InsuranceManagement $25,716$25,716
IX-24 Other expenses (24a–d)Programs $1,680 · Management $99,392 · Fundraising $12,489$113,561
IX-25 Total functional expensesPrograms $14,629,145 · Management $1,645,629 · Fundraising $678,980$16,953,754
Part X · Balance sheet $124,262,093 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $669$669
X-2 Savings and temporary cash investmentsStart of year $11,685,501$10,954,306
X-3 Pledges and grants receivableStart of year $13,745,695$10,305,052
X-9 Prepaid expenses and deferred chargesStart of year $29,565$31,770
X-11 Publicly traded securitiesStart of year $90,429,501$82,772,058
X-12 Other securitiesStart of year $15,492,627$14,602,227
X-15 Other assetsStart of year $3,772,423$5,596,011
X-16 Total assetsStart of year $135,155,981$124,262,093
X-17 Accounts payable and accrued expensesStart of year $238,565$648,143
X-18 Grants payableStart of year $32,715$32,715
X-25 Other liabilitiesStart of year $5,012,013$4,814,327
X-26 Total liabilitiesStart of year $5,283,293$5,495,185
X-27 Net assets without donor restrictionsStart of year $18,088,710$11,455,115
X-28 Net assets with donor restrictionsStart of year $111,783,978$107,311,793
X-32 Total net assets or fund balancesStart of year $129,872,688$118,766,908
X-33 Total liabilities and net assetsStart of year $135,155,981$124,262,093
Part XI · Reconciliation of net assets $118,766,908 net assets at year end
XI-1 Total revenue$22,064,217
XI-2 Total expenses$16,953,754
XI-3 Revenue less expenses$5,110,463
XI-4 Net assets at start of year$129,872,688
XI-5 Net unrealized gains (losses) on investments−$16,131,486
XI-9 Other changes in net assets−$84,757
XI-10 Net assets at end of year$118,766,908

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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