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Nonprofit · EIN 27-1412183

SOMC MEDICAL GROUP PC

Tax-exempt · ISELIN, NJ 08830

Financials

$15.3M$15.3M2023$16.5M$16.5M2024
Revenue Expenses · by fiscal year end
Financials of SOMC MEDICAL GROUP PC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$16,496,359$16,496,359$0$4,309,754$3,740,732$569,022
December 31, 2023990$15,259,320$15,258,677$643$3,719,717$3,915,447-$195,730
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,041,598
Program service revenue
$15,454,761
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$15,561,970
Management and general (functional)
$934,389

Balance sheet and other

Total assets, start of year
$3,719,717
Total assets, end of year
$4,309,754
Total liabilities, end of year
$3,740,732
Net assets, end of year
$569,022
Net assets without donor restrictions
$569,022
Gross receipts
$16,496,359
Employees
0
Volunteers
0
Year formed
2010
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
KENNETH N SABLE MDVICE PRESIDENT & SECRETARY
Trustee or director, Officer
2.5$0$2,284,216$541,200
JAMES CLARKE MDPRESIDENT & TREASURER
Trustee or director, Officer
2.5$0$1,380,345$46,901
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KENNETH N SABLE MDVICE PRESIDENT & SECRETARY
Trustee or director, Officer
2.5$0$1,748,362$235,948
JAMES CLARKE MDPRESIDENT & TREASURER
Trustee or director, Officer
2.5$0$1,192,682$44,418

Address and contacts

Address (IRS master file)
ONE WELLBROOK PL 7TH FL, ISELIN, NJ 08830-1559
Principal officer (990 for 2024)
JAMES CLARKE MD, 399 THORNALL STREET, EDISON, NJ 08837
Signed the 990
JAMES DEROSA, EVP, FINANCE
Phone
(551) 367-7160

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES DIRECTLY TO PATIENTS THROUGH THE PHYSICIANS EMPLOYED BY THE CORPORATION. ALSO, PROVIDING ADMINISTRATIVE, SUPERVISORY, TEACHING, COVERAGE AND RESEARCH SERVICES TO HMH HOSPITALS CORPORATION; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, IN FURTHERANCE OF ITS PRIMARY TAX-EXEMPT PURPOSE IN PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY. ACCORDINGLY, THE CORPORATION IS AN INTEGRAL PART OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK.
    Expenses $15,561,970 · revenue $15,454,761

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
27-1412183
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2010
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E31)
Assets (IRS master file)
$4,309,754
Income (IRS master file)
$16,496,359

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$16,496,359$16,496,359$4,309,754XML
990December 2023$15,259,320$15,258,677$3,719,717XML
990December 2022$15,434,671$15,434,671$3,715,479IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 27-1412183).

Questions about SOMC MEDICAL GROUP PC

What is the EIN of SOMC MEDICAL GROUP PC?
The employer identification number (EIN) of SOMC MEDICAL GROUP PC is 27-1412183.
Is SOMC MEDICAL GROUP PC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to SOMC MEDICAL GROUP PC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOMC MEDICAL GROUP PC 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 SOMC MEDICAL GROUP PC 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 SOMC MEDICAL GROUP PC 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 SOMC MEDICAL GROUP PC?
The 990 for the year ended December 31, 2024 names JAMES CLARKE MD.
Who are the officers and directors of SOMC MEDICAL GROUP PC?
The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does SOMC MEDICAL GROUP PC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $16,496,359, expenses of $16,496,359 and total assets of $4,309,754 at year end.

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