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Overlook Foundation

EIN 51-0194054 · Summit, NJ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF THE OVERLOOK FOUNDATION IS TO DEVELOP, MANAGE, AND DISTRIBUTE RESOURCES TO ADVANCE THE DELIVERY OF HIGH-QUALITY HEALTH CARE BY OVERLOOK MEDICAL CENTER.

Income
$16.5 million
Spending
$17.2 million
Spent on programs
86%
Reserves
13.2 months of spending
Largest source of income
donations and private grants, 64%
Employees
0
Volunteers
31
Highest pay
$441,817, executive director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 85% of charities in its peer group (health care, $10m to $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover 13.2 months of spending.

  • Debt

    20 of 20

    It owes 2% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 5% of income.

  • Income trend

    15 of 15

    Income rose 18% on the year before.

  • Spending floor

    15 of 15

    86% of spending went to programs and raising each dollar of donations cost 6 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 52% of charities in its peer group (health care, $10m to $100m).

  • Independent board

    25 of 25

    31 of 31 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $14.4 million spent. OVERLOOK FOUNDATION PROVIDES CRITICAL FUNDING TO ATLANTIC HEALTH 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 AS INNOVATIVE PROGRAMS TO ENHANCE THE PATIENT AND CAREGIVER EXPERIENCE.AS THE FOUNDATION SUCCESSFULLY REACHED ITS $82.5 MILLION OVERLOOK AHEAD CAMPAIGN GOAL IN 2025, THE COMPREHENSIVE, MULTI-PHASE EXPANSION AND MODERNIZATION OF ATLANTIC HEALTH OVERLOOK'S CAMPUS CONTINUES. CONTINUED IN SCHEDULE O.TODAY'S FULLY OPTIMIZED HOSPITAL OF THE FUTURE FEATURES NEW MEDICAL INFRASTRUCTURE IN EVERY ROOM, DOUBLE THE NUMBER OF PRIVATE PATIENT ROOMS, AND AN ALIGNMENT OF CLINICAL PROGRAMS DESIGNED TO MAKE CARE MORE PATIENT CENTRIC. SERVICES THROUGHOUT THE HOSPITAL HAVE BEEN RELOCATED AND UNITS BUILT, EXPANDED OR RENOVATED, INCLUDING THE NEW EAST BUILDING, ALL WHILE PATIENTS CONTINUED TO RECEIVE THE WORLD-CLASS CARE THEY EXPECT.
  2. $75,290 spent. DURING THE CURRENT YEAR, THE ORGANIZATION AWARDED $75,290 IN GRANTS TO QUALIFIED 501(C)(3) ORGANIZATIONS IN SUPPORT OF PROJECTS THAT ALIGN WITH THE FOUNDATION'S MISSION, GEOGRAPHIC FOCUS, AND ESTABLISHED GRANTMAKING GUIDELINES.EACH YEAR, THROUGH THE RECOMMENDATION OF ITS TRUSTEES, THE FOUNDATION PROVIDES GRANT FUNDING TO ELIGIBLE NONPROFIT ORGANIZATIONS. ALL GRANT RECIPIENTS ARE SELECTED THROUGH A FORMAL REVIEW PROCESS TO ENSURE ALIGNMENT WITH THE FOUNDATION'S CHARITABLE OBJECTIVES AND COMMUNITY IMPACT PRIORITIES.CONTINUED IN SCHEDULE O.THE GRANTS AWARDED DURING THE CURRENT YEAR SUPPORTED A BROAD RANGE OF CHARITABLE INITIATIVES ALIGNED WITH THE FOUNDATION'S MISSION AND COMMUNITY NEEDS. FUNDING WAS DIRECTED TOWARD PROGRAMS ADDRESSING SEVERAL KEY AREAS, INCLUDING HEALTH AND WELLNESS, MENTAL HEALTH SERVICES, HOMELESSNESS PREVENTION, YOUTH DEVELOPMENT, EDUCATION, AND COMMUNITY SAFETY.
  3. $277,459 spent. DURING THE CURRENT YEAR, THE ORGANIZATION PROVIDED DIRECT FINANCIAL ASSISTANCE AND EDUCATIONAL SUPPORT TO INDIVIDUALS AND FAMILIES FACING MEDICAL AND CAREGIVING CHALLENGES.THE ASSISTANCE TO FAMILIES OF CANCER PATIENTS PROGRAM AND THE CAREGIVER'S CENTER PROVIDED FINANCIAL SUPPORT TO 295 INDIVIDUALS, WITH TOTAL EXPENDITURES OF $114,459. EMERGENCY SUPPORT SERVICES ASSISTED 294 INDIVIDUALS FACING URGENT NEEDS, WITH PAYMENTS TOTALING $29,509.THROUGH ITS INTERNATIONAL MEDICAL MISSIONS PROGRAM, THE ORGANIZATION FUNDED MEDICAL ASSISTANCE FOR 35 INDIVIDUALS, EXPENDING $35,602. CONTINUED IN SCHEDULE O.ADDITIONALLY, THE ORGANIZATION ADVANCED HEALTHCARE EDUCATION AND WORKFORCE DEVELOPMENT BY SUPPORTING 108 INDIVIDUALS THROUGH NURSING SCHOLARSHIPS, NURSING EDUCATION, AND CERTIFICATION PROGRAMS, WITH TOTAL AWARDS OF $97,889.TOTAL PROGRAM GRANTS DISTRIBUTED DURING THE YEAR AMOUNTED TO $277,459.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1979.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.