Cooper Health System A New Jersey Non-Profit Corporation
- Assets
- $1.5b
- Revenue
- $1.5b
- Investments
- $0.0
- Employees
- 10,655
- Location
- Camden, NJ
- Founding
- 05/2017
- Data as of
- 12/2019
- EIN
- 21-0634462
Organization Overview
Cooper Health System A New Jersey Non-Profit Corporation is located in Camden, NJ. The organization was established in 2017. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Cooper Health System A New Jersey Non-Profit Corporation employed 10,655 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Cooper Health System A New Jersey Non-Profit Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Cooper Health System A New Jersey Non-Profit Corporation generated $1.5b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.4b during the year ending 12/2019. While expenses have increased by 6.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cooper Health System A New Jersey Non-Profit Corporation has awarded 60 individual grants totaling $3,487,827. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE, TO HEAL, TO EDUCATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPER HEALTH SYSTEM, A NEW JERSEY NON-PROFIT CORPORATION (CHS) IS A NEW JERSEY NON-PROFIT ORGANIZATION. CHS IS COMPRISED OF FOUR DIVISIONS: THE COOPER UNIVERSITY HOSPITAL (CUH), COOPER UNIVERSITY PHYSICIANS (CUP), COOPER CARE ALLIANCE (CCA), AND MD ANDERSON COOPER CANCER CENTER. THE CUH INCLUDES THE OPERATIONS OF COOPER UNIVERSITY HEALTH CARE AND THE CHILDREN'S REGIONAL HOSPITAL AT COOPER, AS WELL AS PROGRAMS FOCUSING ON AMBULATORY DIAGNOSTIC AND TREATMENT SERVICES, WELLNESS AND PREVENTION, AND MANY OTHER HEALTH SERVICES. THE CUP CONSISTS PRIMARILY OF THE EMPLOYED MEDICAL STAFF; AND THE CCA IS A COMMUNITY-BASED PHYSICIAN PRACTICE EMPLOYED BY COOPER WHOSE STAFF DO NOT HAVE FACULTY APPOINTMENTS. SEE SCHEDULE H & O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin O'dowd JD Co-President/ceo | OfficerTrustee | 50 | $2,351,761 |
Anthony Mazzarelli Mdjdmbe Co-President/ceo | OfficerTrustee | 51 | $2,226,333 |
Michael Rosenbloom MD Head, Div Of Cardiothoracic Sg | 55 | $1,817,187 | |
Adam Elfant MD Division Head, Gastroenterology | 55 | $1,572,512 | |
Frank W Bowen III MD Director, Thoracic Surgical Onco. | 55 | $1,469,480 | |
Jeffrey P Carpenter MD Chief, Department Of Sugery | Officer | 55 | $1,291,707 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fastaff Llc Temp Agency | 12/30/21 | $12,675,380 |
The Campaign Group Inc Advertising | 12/30/21 | $4,583,463 |
Quest Diagnostics Lab Services | 12/30/21 | $1,887,343 |
Wl Gore & Associates Inc Construction | 12/30/21 | $1,827,634 |
Falasca Mechanical Inc Maintenance Services | 12/30/21 | $1,672,860 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,383,397 |
| Government grants | $40,577,748 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,961,145 |
| Total Program Service Revenue | $1,390,920,503 |
| Investment income | $13,175,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $213,792 |
| Net Gain/Loss on Asset Sales | $13,223,042 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,486,491,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,750 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,435,793 |
| Compensation of current officers, directors, key employees. | $5,988,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $686,042,446 |
| Pension plan accruals and contributions | $15,986,843 |
| Other employee benefits | $56,021,651 |
| Payroll taxes | $45,291,971 |
| Fees for services: Management | $9,902,602 |
| Fees for services: Legal | $3,517,883 |
| Fees for services: Accounting | $933,354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $668,289 |
| Fees for services: Other | $65,906,362 |
| Advertising and promotion | $6,438,394 |
| Office expenses | $268,830,702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,435,932 |
| Travel | $685,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,318,431 |
| Interest | $13,393,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,176,968 |
| Insurance | $32,449,817 |
| All other expenses | $0 |
| Total functional expenses | $1,416,558,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,747,968 |
| Savings and temporary cash investments | $313,383,070 |
| Pledges and grants receivable | $6,107,639 |
| Accounts receivable, net | $146,719,322 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,615,893 |
| Prepaid expenses and deferred charges | $7,324,586 |
| Net Land, buildings, and equipment | $579,025,956 |
| Investments—publicly traded securities | $329,174,577 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $67,539,348 |
| Other assets | $34,767,403 |
| Total assets | $1,520,405,762 |
| Accounts payable and accrued expenses | $214,575,616 |
| Grants payable | $0 |
| Deferred revenue | $18,222,579 |
| Tax-exempt bond liabilities | $244,880,901 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $48,467,121 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $226,393,197 |
| Total liabilities | $752,539,414 |
| Net assets without donor restrictions | $767,427,348 |
| Net assets with donor restrictions | $439,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,520,405,762 |
Grants Awarded
Over the last fiscal year, Cooper Health System A New Jersey Non-Profit Corporation has awarded $848,703 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Camden, NJ PURPOSE: SPONSORSHIP | $727,453 |
Camden, NJ PURPOSE: SPONSORSHIP | $25,000 |
Edison, NJ PURPOSE: SPONSORSHIP | $25,000 |
Dallas, TX PURPOSE: SPONSORSHIP | $25,000 |
Camden, NJ PURPOSE: SPONSORSHIP | $20,000 |
Marlton, NJ PURPOSE: SPONSORSHIP | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Cooper Health System A New Jersey Non-Profit Corporation has recieved totaling $1,002,033.
| Awarding Organization | Amount |
|---|---|
The Cooper Foundation Inc Camden, NJ PURPOSE: GENERAL CHARITABLE PURPOSES | $856,646 |
Institute For Clinical Research Inc Washington, DC PURPOSE: CLINICAL RESEARCH AND STUDY. | $54,235 |
Medical Staff Of Cooper Hospital University Medical Center Camden, NJ PURPOSE: IRB Support | $29,500 |
National Breast Cancer Foundation Inc Frisco, TX PURPOSE: patient navigation | $25,685 |
Parkinson Council Philadelphia, PA PURPOSE: SALARY SUPPORT FOR 1 PART-TIME SOCIAL WORKER TO SERVE FAMILIES IMPACTED BY PARKINSON'S DISEASE IN SOUTHERN NEW JERSEY. | $20,000 |
American Heart Association Inc Dallas, TX PURPOSE: DIABETES INITIATIVE | $10,500 |
Endowment Analysis
| Beg. Balance | $439,000 |
| Ending Balance | $439,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Bayhealth Medical Center Inc Dover, DE | $1,592,804,671 | $861,509,299 |