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Filing year 2024

SOMERSET HEALTH CARE FOUNDATION INC

Oceanport, New Jersey·EIN 22-3294408·501(c)(3)
Total revenue
$4.1M
Total assets
$6.4M
Total expenses
$2.7M
Reported officers
15
Mission

TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS AND SERVICES OF ROBERT WOOD JOHNSON UNIVERSITY HOSPITAL (SOMERSET CAMPUS); A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

VP Development
Vice President
25th percentile to median
$22k
$24k
Trustee
Board Member
Median to 75th percentile
$17k
$18k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 13 unpaid individuals.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 10%
from 2023

From $25k in 2023 to $22k in 2024.

$25k
2023
$22k
2024
In today's dollarsEst.
Down 13% in real terms$28k to $24k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Vice President pay fell 10% from 2023 to 2024, while revenue fell 3%.

$25k in 2023 to $22k in 2024.
  • Board Member pay fell 19% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SOMERSET HEALTH CARE FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.2M
$7.7M
2023
$4.1M
$2.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SOMERSET HEALTH CARE FOUNDATION INC

What does the Vice President of SOMERSET HEALTH CARE FOUNDATION INC earn?

In 2024, the Vice President of SOMERSET HEALTH CARE FOUNDATION INC received $22,200 in total compensation. This pay is below the median (the midpoint) for Vice President roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Vice President pay at SOMERSET HEALTH CARE FOUNDATION INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Vice President at SOMERSET HEALTH CARE FOUNDATION INC falls between the 25th percentile and the median.

What are SOMERSET HEALTH CARE FOUNDATION INC's revenue and expenses?

In 2024, SOMERSET HEALTH CARE FOUNDATION INC reported $4.1M in total revenue and $2.7M in total expenses on its IRS Form 990.

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