Nonprofit · EIN 22-2324554
VALLEY HOSPITAL FOUNDATION
Tax-exempt · PARAMUS, NJ 07652
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $25,467,508 | $15,728,060 | $9,739,448 | $59,525,708 | $1,609,079 | $57,916,629 |
| December 31, 2023 | 990 | $15,001,805 | $17,757,492 | -$2,755,687 | $53,150,654 | $1,806,560 | $51,344,094 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $18,447,358
- Program service revenue
- $0
- Investment income
- $7,006,600
- Net gain from sales of assets
- $5,848,381
- Net income from fundraising events
- -$4,475
- Net income from gaming
- $18,025
- Other revenue
- $13,550
Expenses
- Grants and similar amounts paid
- $12,393,121
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $178,198
- Legal fees
- $46,169
- Accounting fees
- $16,800
- Travel
- $4,913
- Program services (functional)
- $12,393,121
- Management and general (functional)
- $465,465
- Fundraising (functional)
- $2,869,474
Balance sheet and other
- Total assets, start of year
- $53,150,654
- Total assets, end of year
- $59,525,708
- Total liabilities, end of year
- $1,609,079
- Net assets, end of year
- $57,916,629
- Publicly traded securities
- $42,550,651
- Net assets without donor restrictions
- $13,644,175
- Net assets with donor restrictions
- $44,272,454
- Gross receipts
- $40,716,160
- Employees
- 0
- Volunteers
- 72
- Year formed
- 1980
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AUDREY MEYERS | TRUSTEE, EX OFFICIO Trustee or director | 0.5 | $0 | $6,593,387 | $54,469 |
| ROBERT W BRENNER MD | TRUSTEE, EX OFFICIO, EFF. JULY 2024 Trustee or director | 0.5 | $0 | $1,878,651 | $31,214 |
| WILLIAM KLUTKOWSKI | SR. VP, FINANCE & CFO Officer | 0.5 | $0 | $1,252,548 | $53,234 |
| EPHRAIM CASPER MD | TRUSTEE Trustee or director | 0.5 | $0 | $1,090,002 | $47,422 |
| DAVID J BOHAN | VICE PRESIDENT & CPO Officer | 36 | $0 | $678,150 | $31,939 |
| EDWARD M RUBIN | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| NANCY V BUSH | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ANDREW GATTO | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| PETER C MARRON | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| EDWARD B SELF JR MD | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| RALPH M MASTRANGELO | TREASURER, THRU SEPT 2024 Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JEFFREY SEIDLER | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOSHUA L ABRAMS | TRUSTEE, THRU JUNE 2024 Trustee or director | 0.5 | $0 | $0 | $0 |
| SARAH BEANE RICCA | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| SUNNY CHOI MD | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THEODORE L HARRIS | TRUSTEE Trustee or director | 0.5 | $0 |
| LYNN HOLUBA | TRUSTEE Trustee or director | 0.5 | $0 |
| KAREN KEYES | TRUSTEE Trustee or director | 0.5 | $0 |
| SURYA N MOHAPATRA | TRUSTEE Trustee or director | 0.5 | $0 |
| GREGORY A NEJMEH | TRUSTEE Trustee or director | 0.5 | $0 |
| LYA PFEIFER ESQ | TRUSTEE, THRU JUNE 2024 Trustee or director | 0.5 | $0 |
| YOLLA RAHAL | TRUSTEE Trustee or director | 0.5 | $0 |
| THOMAS J RAKOWSKI MD | TRUSTEE Trustee or director | 0.5 | $0 |
| MARC SABINO | TRUSTEE, THRU JUNE 2024 Trustee or director | 0.5 | $0 |
| THERESA A SALAMENO | TRUSTEE, EX OFFICIO, THRU JUNE 2024 Trustee or director | 0.5 | $0 |
| CHIRAG SHAH | TRUSTEE Trustee or director | 0.5 | $0 |
| DONNA SINGER | TRUSTEE, EX OFFICIO Trustee or director | 0.5 | $0 |
| ANN MARIE SNYDER | TRUSTEE Trustee or director | 0.5 | $0 |
| ROBERT VAN DYK | TRUSTEE Trustee or director | 0.5 | $0 |
| CHRIS WRAGGE | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AUDREY MEYERS | TRUSTEE - EX OFFICIO Trustee or director | 4 | $0 | $2,880,401 | $52,035 |
| WILLIAM KLUTKOWSKI | SR. VP, FINANCE & CFO Officer | 0.5 | $0 | $1,079,106 | $51,469 |
| EPHRAIM CASPER MD | TRUSTEE Trustee or director | 0.5 | $0 | $1,063,653 | $47,321 |
| DAVID J BOHAN | VICE PRESIDENT & CDO Officer | 36 | $0 | $643,957 | $30,890 |
| EDWARD M RUBIN | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| VICTOR WORTMANN | CHAIRMAN, THRU 6/12/23 Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ANDREW GATTO | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| PETER C MARRON | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| RALPH M MASTRANGELO | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| NANCY V BUSH | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOSHUA L ABRAMS | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| SUNNY CHOI MD | TRUSTEE, EFFECTIVE 12/2023 Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL P CUMMINGS | TRUSTEE, THRU 2/23/23 Trustee or director | 0.5 | $0 | $0 | $0 |
| THEODORE L HARRIS | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| LYNN HOLUBA | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KAREN KEYES | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| SURYA N MOHAPATRA | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| LYA PFEIFER ESQ | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| YOLLA RAHAL | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| THOMAS J RAKOWSKI MD | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| MARC SABINO | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| THERESA A SALAMENO | TRUSTEE - EX OFFICIO Trustee or director | 0.5 | $0 | $0 | $0 |
| JEFFREY SEIDLER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| EDWARD B SELF JR MD | TRUSTEE, EFFECTIVE 12/2023 Trustee or director | 0.5 | $0 | $0 | $0 |
| ANN MARIE SNYDER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT VAN DYK | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRIS WRAGGE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4 VALLEY HEALTH PLZ, PARAMUS, NJ 07652-3619
- Principal officer (990 for 2024)
- DAVID BOHAN, 4 VALLEY HEALTH PLAZA, PARAMUS, NJ 07652
- Signed the 990
- WILLIAM KLUTKOWSKI, SR. VP, FINANCE & CFO
- Phone
- (201) 291-6300
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
THE VALLEY HOSPITAL FOUNDATION IS THE PHILANTHROPIC COMPONENT OF VALLEY HEALTH SYSTEM. ITS PRIMARY FUNCTION IS TO SECURE CHARITABLE CONTRIBUTIONS FROM INDIVIDUALS, CORPORATIONS, FOUNDATIONS, AND OTHER FUNDING ENTITIES, TO MANAGE THOSE GIFTS, AND TO DISTRIBUTE THEM IN ACCORDANCE WITH ITS CHARTER. CHARITABLE FUNDS RAISED FOR THE HOSPITAL SUPPORT CONSTRUCTION, CAPITAL IMPROVEMENTS, MEDICAL TECHNOLOGY, BIOMEDICAL RESEARCH, EDUCATION, ENDOWMENTS, AND SPECIAL PROJECTS. FUNDS RAISED FOR VALLEY HOME CARE SUPPORT THE PROGRAMS OF THE AGENCY, SUCH AS HOSPICE, JOURNEYS, MATERNAL CHILD HEALTH, AND ENDOWMENTS. FUNDS RAISED FOR VALLEY MEDICAL GROUP SUPPORT PROGRAMS, CAPITAL IMPROVEMENTS, MEDICAL TECHNOLOGY, EDUCATION, AND SPECIAL PROJECTS.
Program accomplishments
- THE FOUNDATION HAS EVALUATED THE NEEDS OF VALLEY HEALTH SYSTEM AND SEEKS TO SECURE FUNDING FOR FOUR DIFFERENT CASES: CONSTRUCTION COSTS FOR THE VALLEY HOSPITAL IN PARAMUS, CAPITAL AND TECHNOLOGICAL IMPROVEMENTS, CLINICAL AND TRANSLATIONAL RESEARCH, AND ENDOWMENTS.VALLEY HEALTH SYSTEM IS A REGIONAL HEALTHCARE SYSTEM THAT SERVES RESIDENTS IN NORTHERN NEW JERSEY AND SOUTHERN NEW YORK. IT COMPRISES THE VALLEY HOSPITAL, VALLEY HOME CARE, AND VALLEY MEDICAL GROUP. KEY SERVICES INCLUDE CARDIOLOGY, ONCOLOGY, WOMEN'S AND CHILDREN'S SERVICES, EMERGENCY CARE, ORTHOPEDICS, AND NEUROSCIENCES. VALLEY HEALTH SYSTEM IS ONE OF THE MOST HONORED HEALTHCARE ORGANIZATIONS IN NEW JERSEY.Expenses $12,393,121 · grants $12,393,121
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2324554
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E22I)
- Assets (IRS master file)
- $59,525,708
- Income (IRS master file)
- $40,716,160
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $25,467,508 | $15,728,060 | $59,525,708 | IRS |
| 990 | December 2023 | $15,001,805 | $17,757,492 | $53,150,654 | XML |
| 990 | December 2022 | $12,118,940 | $16,577,304 | $53,391,795 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 22-2324554).
Questions about VALLEY HOSPITAL FOUNDATION
- What is the EIN of VALLEY HOSPITAL FOUNDATION?
- The employer identification number (EIN) of VALLEY HOSPITAL FOUNDATION is 22-2324554.
- Is VALLEY HOSPITAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to VALLEY HOSPITAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY HOSPITAL FOUNDATION 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 VALLEY HOSPITAL FOUNDATION 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 VALLEY HOSPITAL FOUNDATION 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 VALLEY HOSPITAL FOUNDATION?
- The 990 for the year ended December 31, 2024 names DAVID BOHAN.
- Who are the officers and directors of VALLEY HOSPITAL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 30 people; 0 received compensation from the organization.
- How much revenue does VALLEY HOSPITAL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $25,467,508, expenses of $15,728,060 and total assets of $59,525,708 at year end.
Other nonprofits in PARAMUS
- VALLEY HOSPITAL INC EIN 22-1487307 · last filed 990 for 2024
- CAREPLUS BERGEN EIN 82-2081292 · last filed 990 for 2024
- VALLEY PHYSICIAN SERVICES PC EIN 46-5285330 · last filed 990 for 2024
- VALLEY PHYSICIAN SERVCIES INC EIN 32-0041186 · last filed 990 for 2024
- VALLEY HEALTH SYSTEM INC EIN 22-2922016 · last filed 990 for 2024
- VALLEY HOME CARE INC EIN 22-3208480 · last filed 990 for 2024
- VALLEY PHYSICIAN SERVICES NY PC EIN 45-3125678 · last filed 990 for 2024
- THE BERGEN NEW BRIDGE MEDICAL CTR FOUNDATION A NJ NONPROFIT CORP EIN 22-3135663 · last filed 990 for 2024