Mission: Established in 1976, the Overlook Foundation raises funds for state-of-the-art equipment, facilities, medical experts, and programs that help Overlook Medical Center ... (More)

Overlook Foundation is a 501(c)(3) organization, with an IRS ruling year of 1979, and donations are tax-deductible.

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Contact Information

  http://www.overlookfoundation.org/

 46-48 Beauvoir Avenue
Summit NJ 07901 

  908-522-2840


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Star Rating System by Charity Navigator


Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. We also track accountability and transparency policies to ensure the good governance and integrity of the organization.




Good

This charity's score is 87.37, earning it a 3-Star rating. Donors can "Give with Confidence" to this charity. 

This score is calculated from two sub-scores:

This score represents Form 990 data from 2019, the latest year published by the IRS.

View this organization’s historical ratings.


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Star Rated Report

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Program Expense

Program Expense Ratio

66.3%


The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s).


This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver. Dividing a charity's average program expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.


Source: IRS Form 990

Administrative Expenses

12.0%


As reported by charities on their IRS Form 990, this measure reflects what percent of its total budget a charity spends on overhead, administrative staff and associated costs, and organizational meetings. Dividing a charity's average administrative expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.


Source: IRS Form 990

Fundraising Expenses

21.6%


This measure reflects what a charity spends to raise money. Fundraising expenses can include campaign printing, publicity, mailing, and staffing and costs incurred in soliciting donations, memberships, and grants. Dividing a charity's average fundraising expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.


Source: IRS Form 990

Liabilities to Assets Ratio

7.0%


The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990).


Part of our goal in rating the financial performance of charities is to help donors assess the financial capacity and sustainability of a charity. As do organizations in other sectors, charities must be mindful of their management of total liabilites in relation to their total assets. This ratio is an indicator of an organization’s solvency and or long term sustainability. Dividing a charity's total liabilities by its total assets yields this percentage.


Source: IRS Form 990

Fundraising Efficiency

$0.18


The amount spent to raise $1 in charitable contributions. To calculate a charity's fundraising efficiency, we divide its average fundraising expenses by the average total contributions it receives. We calculate the charity's average expenses and average contributions over its three most recent fiscal years.


Source: IRS Form 990

Working Capital Ratio

8.67 years


Determines how long a charity could sustain its level of spending using its net available assets, or working capital, as reported on its most recently filed Form 990. We include in a charity's working capital unrestricted and temporarily restricted net assets, and exclude permanently restricted net assets. Dividing these net available assets in the most recent year by a charity's average total expenses, yields the working capital ratio. We calculate the charity's average total expenses over its three most recent fiscal years.


Source: IRS Form 990

Program Expense Growth

22.82%


We compute the average annual growth of program expenses using the following formula: [(Yn/Y0)(1/n)]-1, where Y0 is a charity's program expenses in the first year of the interval analyzed, Yn is the charity's program expenses in the most recent year, and n is the interval of years passed between Y0 and Yn.


Source: IRS Form 990

Governance


Charity Navigator looks to confirm on the Form 990 that the organization has these governance practices in place.


Sources Include: IRS Form 990

Governance:
Independent Voting Board Members  ... (More)
No Material Diversion of Assets ... (More)

A diversion of assets – any unauthorized conversion or use of the organization's assets other than for the organization's authorized purposes, including but not limited to embezzlement or theft – can seriously call into question a charity's financial integrity. We check the charity's last two Forms 990 to see if the charity has reported any diversion of assets. If the charity does report a diversion, then we check to see if it complied with the Form 990 instructions by describing what happened and its corrective action. This metric will be assigned to one of the following categories:

  • Full Credit: There has been no diversion of assets within the last two years.

  • Partial Credit: There has been a diversion of assets within the last two years and the charity has used Schedule O on the Form 990 to explain: the nature of the diversion, the amount of money or property involved and the corrective action taken to address the matter. In this situation, we deduct 7 points from the charity's Accountability and Transparency score.
  • No Credit: There has been a diversion of assets within the last two years and the charity's explanation on Schedule O is either non-existent or not sufficient. In this case, we deduct 15 points from the charity's Accountability and Transparency score.
(Less)
Audited Financials Prepared by Independent Accountant ... (More)

Audited financial statements provide important information about financial accountability and accuracy. They should be prepared by an independent accountant with oversight from an audit committee. (It is not necessary that the audit committee be a separate committee. Often at smaller charities, it falls within the responsibilities of the finance committee or the executive committee.) The committee provides an important oversight layer between the management of the organization, which is responsible for the financial information reported, and the independent accountant, who reviews the financials and issues an opinion based on its findings. We check the charity's Form 990 reporting to see if it meets this criteria.

  • Full Credit: The charity's audited financials were prepared by an independent accountant with an audit oversight committee.

  • Partial Credit: The charity's audited financials were prepared by an independent accountant, but it did not have an audit oversight committee. In this case, we deduct 7 points from the charity's Accountability and Transparency score.
  • No Credit: The charity did not have its audited financials prepared by an independent accountant. In this case, we deduct 15 points from the charity's Accountability and Transparency score.
(Less)
Does Not Provide Loan(s) to or Receive Loan(s) From Related Parties ... (More)
Documents Board Meeting Minutes ... (More)
Distributes 990 to Board Before Filing ... (More)
Compensates Board ... (More)

Policies


Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization has these policies in place.


Sources Include: IRS Form 990 and organization's website

Policies:
Conflict of Interest  ... (More)
Whistleblower ... (More)
Records Retention and Destruction ... (More)
CEO Compensation Process ... (More)
Donor Privacy ... (More)

Donors have expressed extreme concern about the use of their personal information by charities and the desire to have this information kept confidential. The exchanging and sale of lists for telemarketing and the mass distribution of "junk mail," among other things, can be minimized if the charity assures the privacy of its donors. Privacy policies are assigned to one of the following categories:

  • Yes: This charity has a written donor privacy policy published on its website, which states unambiguously that (1) it will not share or sell a donor's personal information with anyone else, nor send donor mailings on behalf of other organizations or (2) it will only share or sell personal information once the donor has given the charity specific permission to do so.

  • Opt-out: The charity has a written privacy policy published on its website which enables donors to tell the charity to remove their names and contact information from lists the charity shares or sells. How a donor can have themselves removed from a list differs from one charity to the next, but any and all opt-out policies require donors to take specific action to protect their privacy.
  • No: This charity either does not have a written donor privacy policy in place to protect their contributors' personal information, or the existing policy does not meet our criteria.

The privacy policy must be specific to donor information. A general website policy which references "visitor" or "user" personal information will not suffice. A policy that refers to donor information collected on the website is also not sufficient as the policy must be comprehensive and applicable to both online and offline donors. The existence of a privacy policy of any type does not prohibit the charity itself from contacting the donor for informational, educational, or solicitation purposes.

(Less)

Transparency


Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization makes this information easily accessible.


Sources Include: IRS Form 990 and organization's website

Transparency:
CEO Salary Listed on 990 ... (More)
Board of Directors Listed on Website ... (More)
Key Staff Listed on Website ... (More)
Audited Financial Statements on Website ... (More)
Form 990 Available on Website ... (More)

Additional Information

Unscored

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Total Revenue and Expenses

Total Revenue and Expenses

This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.

Salary of Key Persons

Presented here are this organizations key compensated staff members as identified by our analysts. This compensation data includes salary, cash bonuses and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting



Clelia Biamonti, Executive Director

$264,289 (2.74% of Total Expenses)


Source: IRS Form 990 (page 7), filing year 2020

Business Master File Data

Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website


Activities:

Gifts, grants, or loans to other organizations (BMF activity code: 602)


Foundation Status:

Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi) (BMF foundation code: 15)


Affiliation:

Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)

Data Sources: IRS Forms 990

The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to view this organization's Forms 990 on the IRS website (if any are available).

Pandemic Response

Due to the unprecedented nature of the pandemic, we give charities such as this one the opportunity to share the story of COVID's impact on them. Charities may submit their own pandemic responses through their nonprofit portal.


Overlook Foundation reported being impacted by COVID-19 in the following ways:
  • Program Delivery

  • Fundraising Capacity

  • Revenue

  • Staffing

  • Administrative Capacity

  • Grants Received

  • Grants Sent


How COVID-19 impacted the organization's operations financially:

The COVID crisis proved just how important Overlook is to the health and well-being of our communities . . . and how critical our donors’ support is to the hospital’s own health and well-being. Pivoting our fund-raising efforts to support high-priority needs related to pandemic relief at Overlook, we found that donations went far beyond dollars. Thousands of masks, gowns, goggles, and face shields were delivered, along with countless meals, snacks, and bottled water. School children wrote notes and teens baked cookies for our health care heroes. While impossible to place a value on every donation, the foundation conservatively estimates that nearly $200,000 of gifts-in-kind were received. And that doesn’t include those that we didn’t manage directly or that were left without identifying information.


How COVID-19 impacted the organization's delivery of programs:

As Overlook's leadership and staff began to adapt to the pandemic and its severity, the foundation shifted its focus managing, recording and distributing gift-in-kind donations to the hospital. We also saw a sharp increase in employee needs. Our own physicians funded a food bank for staff and the foundation facilitated all the details from purchasing, to packing, to distributing the bags of food weekly from our foundation porch. Keeping in mind that Overlook's daily census of COVID patients reached more than 300 with a third of that number admitted to ICU at the pandemic's height, this "new focus" on highest priority needs impacted many programs, such as; mission trips, research, training, certifications and in-person program support.


How this organization adapted to changing conditions caused by COVID-19:

The foundation responded quickly and effectively, adapting to conditions that changed daily. For example, we began to meet with our major donors through video conferences. The foundation always made itself available, working on site with reduced staff throughout the pandemic. We reached out to all our major donors by phone or email throughout the year. Additionally, we hosted several informational sessions via video conference where patients, families and the community could come together. These panels also provided information on COVID protocols and CDC recommendations. This led to the foundation's direct involvement with one of many newly formed vaccine sites in and around our service area.


Innovations the organization intends to continue permanently after the pandemic:

Among innovations that will be permanent are improvements to the hospital's HVAC system and ventilation. This will continue to be supported by the foundation until all rooms have been upgraded. The use of face masks and PPE will continue indefinitely. The foundation is committed to meeting quarterly with its board of trustees and sub-committees to fulfill our mission to the community, patients and families. Most meetings are held virtually, but as vaccination numbers rise, more in-person meetings will be held. The foundation also has an emergency phone, accessible to all major donors, that is carried by one of seven foundation directors 24/7.


Historical Ratings

Date PublishedForm 990 FYEOverall ScoreOverall Rating
Rating Version: 2.1
2/1/20212019 87.37
9/3/20192018 75.76
12/1/20182017 84.96
11/1/20172016 82.67
10/1/20162015 73.16
6/1/20162014 75.64
Rating Version: 2.0
12/22/20152014 77.52
11/1/20152014 77.34

This organization received multiple star ratings within this fiscal year, due to an update to it's Accountability and Transparency data and/or the receipt of an amended Form 990.

11/1/20142013 69.38
11/1/20132012 77.98
11/6/20122011 82.37
9/20/20112010 79.53
Rating Version: 1.0
9/1/20102009 65.40
7/1/20092008 74.78
10/1/20082007 83.56
10/1/20072006 91.35
9/1/20062005 77.97
12/1/20052004 57.26
4/1/20042003 73.31
12/1/20032002 71.69

...   Impact & Results


This score estimates the actual impact a nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.


Impact & Results Score

Not Currently Scored

Overlook Foundation cannot currently be evaluated by our Encompass Rating Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.

Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.

Learn more about Impact & Results.


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Additional Information

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Largest Programs

Largest Programs



Overlook Foundation reported its two largest programs on its FY 2020 Form 990 as:


$3,879,160

Spent in most recent FY

91%

Percent of program expenses


OVERLOOK FOUNDATION FUNDS INNOVATIVE PROGRAMS AND SERVICES AT OVERLOOK MEDICAL CENTER BY PROVIDING CRITICAL PEOPLE, PROCESSES AND / OR TECHNOLOGY TO BENEFIT PATIENTS, THEIR FAMILIES AND CARE PROVIDERS ... (More)


$356,898

Spent in most recent FY

8%

Percent of program expenses


TO PROVIDE SUPPORT TO OVERLOOK MEDICAL CENTER-ALIGNED ORGANIZATIONS AND INITIATIVES


...   Leadership & Adaptability


This score provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.


Leadership & Adaptability Score

100

out of 100

The score earned by Overlook Foundation is a passing score.

Encompass Rating V4 provides an evaluation of the organization's Leadership & Adaptability through the nonprofit organization submitting a survey response directly to Charity Navigator.


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Leadership & Adaptability Report

100

of 100 points

Mission

The nonprofit organization presents evidence of strategic thinking through articulating the organization’s mission


Established in 1976, the Overlook Foundation raises funds for state-of-the-art equipment, facilities, medical experts, and programs that help Overlook Medical Center remain a leading provider of medical care. The monies raised by the foundation are used to provide direct support to Overlook in delivering high-quality, cost-effective health care in a healing environment. Overlook Medical Center is a ranked by Healthgrades as one of the top 50 hospitals in America, ranked on medical outcomes and safety and boasts the top neurosurgical, stroke, and neuroscience program in the state of New Jersey. Those neuroscience programs have earned national awards for excellence more than any hospital in the tri-state area.


Source: Nonprofit submitted responses

Vision

The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.


Though the COVID pandemic has surely challenged Overlook Medical Center, it has also affirmed our resolve to improve the health of every person we serve, regardless of one’s ability to pay. We will continue to support the medical innovation and compassionate care that our patients and their families deserve, while ensuring the safety and dignity of all who enter our doors. Robust fundraising will provide our health care heroes with the facility and tools they need to deliver an unrivaled patient experience whatever challenges the future may hold.


Source: Nonprofit submitted responses

Strategic Goals

The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.


Goal One: Fundraise for the comprehensive campaign to optimize more than 90% of the medical center.

Goal Type: Grow, expand, scale or increase access to the existing programs and services.


Goal Two: Continue to support critical programs, research and clinical trials, and education.

Goal Type: Focus on core programs to achieve mission and scale back on programs not seen as core.


Goal Three: Increase strategic outreach in the community to promote health and wellness.

Goal Type: This goal reflects our commitment to further our advocacy work for our organization and or cause area.


Source: Nonprofit submitted responses

Leadership Development

The nonprofit provides evidence of investment in leadership development


Describe an investment in leadership

Overlook Foundation has invested in unlimited Blackbaud training and conferences, AHP conferences, and training and development opportunities for all our staff. All leaders train each year on topics that include safety, critical thinking, communications, problem solving and management. Most recently, we met to develop our SMART goals at a system wide event and we completed the New Jersey High Reliability Organization Collaborative that promotes STRONG proponent of safe, reliable care for patients and employees.

Source: Nonprofit submitted responses

Mobilizing for Mission

The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.


This organization mobilizes for mission in the following ways:
  • Strategic Partnerships

  • Networks of Collective Impact Efforts

  • Thought Leadership

  • Raising Awareness

  • Community Building

  • Policy Advocacy

What are this organization’s external mobilizaton efforts?

Overlook Foundation maintains a robust social media presence. We are represented on Facebook, Instagram, and LinkedIn. We participate in philanthropic platforms such as AFP and AHP. The foundation also has a collaborative external grant program via our Grants Committee that supports other local charities that align to our mission. The foundation leadership hosts several informational sessions each year that highlight current topics of interest about Overlook Medical Center.

Source: Nonprofit submitted responses

Story of Adaptability

The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.


Almost overnight, Overlook Foundation pivoted to support our healthcare heroes at Overlook Medical Center as they battled a huge wave of COVID-19 patients that arrived, and stayed, for months on end. As one of the hardest hit hospitals in Union County, NJ, Overlook Foundation did all we could to ensure our care teams had everything they needed to be safe and to successfully navigate this crisis. Traditional campaign fundraising paused for several months while we pivoted to acquire, manage and distribute physical donations of hundreds of thousands of personal protective equipment items (surgical, N95 and cloth masks, gowns, gloves, hats, goggles), hand sanitizers, round-the-clock meals and snacks for hospital staff, cards of encouragement and thanks, iPads for patients to communicate with their families and physicians throughout the hospital, Ring cameras to monitor fragile patients, intubation boxes, clean clothes for patients to be discharged to home in, and so much more. We also received about $2MM in cash donations so the hospital could purchase other high-priority items they needed. The foundation staff adopted a shift work schedule to reduce the number of people inside our building at any given time without compromising our ability to be effective. Everyone had a secure laptop to work from home. Not only did our operations never cease, we were more effective than ever in working side-by-side with hospital clinicians and staff to support the suffering and frightened community. Once the vaccines had been supplied to Overlook Medical Center, Overlook Foundation leadership operationalized a community-based vaccine clinic that has administered over 35,000 vaccines to date.

Source: Nonprofit submitted responses

...   Culture & Community


This score provides an assessment of the organization's engagement with the constituents it serves, a practice we term Constituent Feedback. When organizations listen to constituents, they are able to better deliver on programs and meet the needs of stakeholders. A future version of this Beacon will also assess an organization's people operations and its Diversity, Equity and Inclusion (DEI) metrics.


Culture & Community Score

Not Currently Scored

Overlook Foundation is currently not eligible for a Culture & Community score because we have not received its Constituent Feedback data. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile. This data will provide the basis for the initial evaluation of Culture & Community.

Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.


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Culture & Community Report

Unscored

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Constituent Feedback

Constituent Feedback


Constituent Feedback and Listening Practice data are not available for this organization. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile. This data will provide the basis for the initial evaluation of Culture & Community.


Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective. We award every nonprofit that completes the Candid survey full credit for this Beacon, in recognition of their willingness to publicly share this information with the nonprofit and philanthropic communities. Although the data is not evaluated for quality at this time, future iterations of this Beacon will include third party or other data that will serve to validate the information provided by the nonprofit.

Analysis and Research


Like the overall Encompass Rating System, the Culture & Community Beacon is designed to evolve as metrics are developed and ready for integration. Our partnership with Feedback Labs and Guidestar by Candid, and other partners including Fund for Shared Insight, GlobalGiving, and Keystone Accountability, enables us to launch the first version of this beacon with Constituent Feedback information collected on Candid's site.


Feedback practices have been shown to support better Diversity, Equity, and Inclusion outcomes, an essential area of assessment that we intend to further expand and develop in the future. Feedback Labs has documented several studies which indicate that beyond achieving organizational goals, nonprofits that are attentive and responsive to concerns and ideas raised by beneficiaries establish stronger relationships with the people they serve, promote greater equity, and empower constituents in ways that can help to ensure better long-term outcomes. You can find resources to help nonprofits improve their feedback practices here.

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