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Nonprofit · EIN 22-1750190

CENTRASTATE MEDICAL CENTER INC

Tax-exempt · FREEHOLD, NJ 07728

Financials

$384.3M$387.1M2023$401.4M$405M2024
Revenue Expenses · by fiscal year end
Financials of CENTRASTATE MEDICAL CENTER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$401,364,258$404,959,341-$3,595,083$487,440,869$204,587,069$282,853,800
December 31, 2023990$384,276,165$387,147,617-$2,871,452$442,523,512$189,553,750$252,969,762
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$7,677,727
of which government grants
$1,744,865
Program service revenue
$388,379,446
Investment income
$182,640
Net rental income
$3,326,099
Net gain from sales of assets
-$4,879,961
Other revenue
$5,124,445

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$5,023,626
Other salaries and wages
$148,909,182
Salaries, compensation and benefits (total)
$190,716,791
Professional fundraising fees
$0
Legal fees
$283,053
Occupancy
$5,995,308
Travel
$159,323
Depreciation
$18,253,848
Program services (functional)
$364,463,408
Management and general (functional)
$40,495,933

Balance sheet and other

Total assets, start of year
$442,523,512
Total assets, end of year
$487,440,869
Total liabilities, end of year
$204,587,069
Net assets, end of year
$282,853,800
Land, buildings and equipment
$230,939,405
Net assets without donor restrictions
$262,704,280
Net assets with donor restrictions
$20,149,520
Gross unrelated business income
$294,661
Gross receipts
$406,412,886
Employees
2,521
Volunteers
246
Year formed
1964
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
THOMAS W SCOTT FACHE FABCTRUSTEE-PRESIDENT/CEO
Trustee or director, Officer
55$1,317,453$0$66,618
JAMES J MATERA MDSVP/MEDICAL DIRECTOR
Key employee
55$647,840$0$41,227
AMIT S KHAROD MDTRUSTEE
Trustee or director
50$37,000$513,896$65,409
JOHN A DELLOCONOSVP/CFO (Term 7/24)
Officer
55$502,040$0$48,497
KAREN B FREEMAN MSAVP QUALITY & PATIENT SAFETY
Key employee
50$404,966$0$40,235
CATHLEEN G JANZEKOVICHVP, PATIENT SERVICES
Key employee
50$406,581$0$32,642
MOUSTAFA H SHAFEY MDMEDICAL DIR. - MENTAL HLTH
Highest-paid employee
50$387,312$0$40,341
DEBORAH ROMMEL-CONNORS MBAVP REVENUE CYCLE
Key employee
50$359,016$0$53,025
JOHN BRANDEISKY DPMVP MED DIR QUALITY INFORMATICS
Highest-paid employee
50$368,804$0$42,581
HOWARD A STEIN MDPHYSICIAN
Highest-paid employee
50$348,042$0$31,433
DANIELLE VANWERTVP CLINICAL SERVICES
Key employee
50$321,402$0$55,052
NANCY BARONECSHCF VP OF DEVELOPMENT
Highest-paid employee
50$330,265$0$45,731
LAURA L SCHILARE MBA CPAVP FINANCE
Officer
50$297,003$0$44,264
KIMBERLY H SIMERSAVP INTEGRATIVE HEALTH
Highest-paid employee
50$283,925$0$39,353
KENNETH ENG DOTRUSTEE
Trustee or director
50$0$255,162$15,451
17 more people on this return
NameTitleHours / weekCompensationFrom related orgsOther / benefits
VINCENT L D'ELIAVP MK PUB/GOV REL.(TERM 7/24)
Key employee
50$232,534$0$28,813
JOHN P DETULLIO MDTRUSTEE
Trustee or director
50$0$207,072$25,356
DAVID A DE SIMONE ESQFORMER KEY EMPLOYEE
Former
0$130,000$0$0
ASHISH AWASTHI MD FACCTRUSTEE
Trustee or director
25$72,417$0$0
RAMANASRI KUDIPUDI MDTRUSTEE
Trustee or director
5$15,000$0$0
NADIA K BATCHELORCHAIR - TRUSTEE
Trustee or director, Officer
1$0$0$0
MAUREEN M LAWRENCEVICE CHAIR - TRUSTEE
Trustee or director, Officer
1$0$0$0
BARBARA J MCMORROWSECRETARY/TREASURER - TRUSTEE
Trustee or director, Officer
1$0$0$0
JOHN M CANTALUPO ESQTRUSTEE
Trustee or director
1$0$0$0
BRIAN GRAGNOLATITRUSTEE
Trustee or director
55$0$0$0
JOSEPH IANTOSCATRUSTEE
Trustee or director
1$0$0$0
DANIEL JACKSONTRUSTEE
Trustee or director
1$0$0$0
GERARD K NORKUSTRUSTEE
Trustee or director
1$0$0$0
MAUREEN A SCHNEIDER PHD MBATRUSTEE
Trustee or director
55$0$0$0
WILLIAM A SCHORIESTRUSTEE
Trustee or director
1$0$0$0
STEVEN SHERIS MD FACC FACPTRUSTEE
Trustee or director
55$0$0$0
BRETT TAFTTRUSTEE
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 34 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
THOMAS W SCOTT FACHETRUSTEE-PRESIDENT/CEO
Trustee or director, Officer
55$870,269$0$56,253
JAMES J MATERA MDSVP/MEDICAL DIRECTOR
Key employee
55$775,843$0$38,566
DEBORAH ROMMEL-CONNORS MBAVP REVENUE CYCLE
Key employee
50$640,112$0$46,261
JOHN A DELLOCONOSVP/CFO
Officer
55$602,968$0$59,705
AMIT S KHAROD MDTRUSTEE
Trustee or director
50$40,750$492,614$31,030
MOUSTAFA SHAFEY MDMEDICAL DIR. - MENTAL HLTH
Highest-paid employee
55$356,673$0$36,490
CATHLEEN G JANZEKOVICHVP, PATIENT SERVICES
Key employee
50$361,805$0$28,423
KAREN B FREEMAN MSAVP QUALITY & PATIENT SAFETY
Key employee
50$348,303$0$36,884
HOWARD A STEIN MDPHYSICIAN
Highest-paid employee
50$332,487$0$36,051
JAMES RICHVALSKYVP, PHYS PRACT MGMT(TERM 8/23)
Highest-paid employee
50$333,604$0$33,493
NANCY BARONECSHCF VP OF DEVELOPMENT
Highest-paid employee
50$292,541$0$42,379
DANIELLE VANWERTVP CLINICAL SERVICES
Key employee
50$286,551$0$46,233
VINCENT L D'ELIAVP MRKTING PUBLIC/GOVT REL.
Key employee
50$285,284$0$36,051
KIMBERLY H SIMERSAVP INTEGRATIVE HEALTH
Highest-paid employee
50$261,575$0$39,870
LAURA L SCHILAREVP FINANCE
Key employee
50$262,217$0$34,987
DAVID A DE SIMONE ESQFORMER KEY EMPLOYEE
Former
55$263,333$0$0
KENNNETH ENG DOTRUSTEE
Trustee or director
50$0$244,774$15,668
JOHN P DETULLIO MDTRUSTEE
Trustee or director
50$0$205,145$6,959
ASHISH AWASTHI MD FACCTRUSTEE
Trustee or director
25$60,750$0$0
RAMANASRI KUDIPUDI MDTRUSTEE
Trustee or director
5$11,250$0$0
JOHN M CANTALUPO ESQCHAIR - TRUSTEE
Trustee or director, Officer
1$0$0$0
KENNETH J REILLY CWSVICE CHAIR - TRUSTEE
Trustee or director, Officer
1$0$0$0
NADIA K BATCHELORSECRETARY/TREASURER-TRUSTEE
Trustee or director, Officer
1$0$0$0
JOHN F EGGERTTRUSTEE
Trustee or director
1$0$0$0
ROBERT GORDON DDSTRUSTEE
Trustee or director
1$0$0$0
BRIAN GRAGNOLATITRUSTEE
Trustee or director
55$0$0$0
MAUREEN M LAWRENCETRUSTEE
Trustee or director
1$0$0$0
PETER G LICATA ESQTRUSTEE
Trustee or director
1$0$0$0
BARABRA J MCMORROWTRUSTEE
Trustee or director
1$0$0$0
GERALD K NORKUSTRUSTEE
Trustee or director
1$0$0$0
MAUREEN A SCHNEIDER PHD MBA RNTRUSTEE
Trustee or director
55$0$0$0
WILLIAM A SCHORIESTRUSTEE
Trustee or director
1$0$0$0
STEVEN SHERIS MD FACC FACPTRUSTEE
Trustee or director
55$0$0$0
BRETT TAFTTRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
901 W MAIN ST, FREEHOLD, NJ 07728-2537
In care of
% LAURA SCHILARE MBA CPA
Principal officer (990 for 2024)
THOMAS W SCOTT fache fabc, 901 WEST MAIN STREET, FREEHOLD, NJ 07728
Signed the 990
LAURA SCHILARE, VP FINANCE
Phone
(732) 294-7050
Return prepared by
WithumSmithBrown PC

Mission

CENTRASTATE MEDICAL CENTER'S MISSION IS TO ENHANCE THE HEALTH AND WELL-BEING OF OUR COMMUNITIES THROUGH THE COMPASSIONATE DELIVERY OF QUALITY HEALTHCARE. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

990 for the year ended December 31, 2024

Program accomplishments

  • EXPENSES INCURRED IN PROVIDING INPATIENT, OUTPATIENT, EMERGENCY AND VARIOUS OTHER MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY AND IN FURTHERANCE OF CHARITABLE TAX-EXEMPT PURPOSES. PLEASE REFER TO THE COMMUNITY BENEFIT STATEMENT IN SCHEDULE O.
    Expenses $364,463,408 · revenue $388,674,107

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-1750190
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1964
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E220)
Assets (IRS master file)
$487,440,869
Income (IRS master file)
$406,412,886

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$401,364,258$404,959,341$487,440,869IRS
990-TDecember 2024–––IRS
990December 2023$384,276,165$387,147,617$442,523,512XML
990-TDecember 2023–––IRS
990December 2022$353,792,707$379,581,592$400,044,996IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-1750190).

Questions about CENTRASTATE MEDICAL CENTER INC

What is the EIN of CENTRASTATE MEDICAL CENTER INC?
The employer identification number (EIN) of CENTRASTATE MEDICAL CENTER INC is 22-1750190.
Is CENTRASTATE MEDICAL CENTER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
Are donations to CENTRASTATE MEDICAL CENTER INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CENTRASTATE MEDICAL CENTER INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CENTRASTATE MEDICAL CENTER INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CENTRASTATE MEDICAL CENTER INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CENTRASTATE MEDICAL CENTER INC?
The 990 for the year ended December 31, 2024 names THOMAS W SCOTT fache fabc.
Who are the officers and directors of CENTRASTATE MEDICAL CENTER INC?
The 990 for the year ended December 31, 2024 lists 32 people; 18 received compensation from the organization, the highest $1,317,453 (THOMAS W SCOTT FACHE FABC, TRUSTEE-PRESIDENT/CEO).
How much revenue does CENTRASTATE MEDICAL CENTER INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $401,364,258, expenses of $404,959,341 and total assets of $487,440,869 at year end.

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