Cooper Health System A New Jersey Non-Profit Corporation
- Assets
- $2.1b
- Revenue
- $2.0b
- Investments
- $22.9m
- Employees
- 11,207
- Location
- Camden, NJ
- Founding
- 05/2017
- Data as of
- 12/2022
- 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 12/2022, Cooper Health System A New Jersey Non-Profit Corporation employed 11,207 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 12/2022, Cooper Health System A New Jersey Non-Profit Corporation generated $2.0b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.8b during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 8 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 70 individual grants totaling $3,954,077. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE, TO HEAL, TO EDUCATE.
Describe the Organization's Program Activity:
THE COOPER HEALTH SYSTEM, A NEW JERSEY NON-PROFIT CORPORATION (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. THE CCA IS A COMMUNITY-BASED PHYSICIAN PRACTICE WHOSE PHYSICIANS ARE EMPLOYED BY COOPER, BUT DO NOT HAVE FACULTY APPOINTMENTS. SEE SCHEDULE H & O FOR MORE INFORMATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin O'dowd JD Co-President/ceo | OfficerTrustee | 50 | $2,773,766 |
Anthony Mazzarelli Mdjdmbe Co-President/ceo | OfficerTrustee | 50 | $2,673,849 |
Generosa Grana MD Trustee/dir Anderson Cancer Center | Trustee | 52 | $1,094,490 |
Roland Schwarting MD Trustee/chief, Pathology | Trustee | 52 | $779,316 |
Michael E Chansky MD Trustee / Chief, Emergency Med | Trustee | 55 | $710,501 |
Martha Matthews MD Trustee, Pres Med. Staff | Trustee | 52 | $497,271 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nurses 247 Temp Agency | 12/30/22 | $8,782,348 |
General Healthcare Resources Temp Agency | 12/30/22 | $7,651,100 |
Fastaff Llc Temp Agency | 12/30/22 | $12,105,414 |
Atos Healthcare Services It Services | 12/30/22 | $5,039,125 |
Sodexo Inc Mgmt Fee Food Svcs | 12/30/22 | $3,810,776 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,463,327 |
| Government grants | $92,412,006 |
| 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 | $94,875,333 |
| Total Program Service Revenue | $1,906,701,671 |
| Investment income | $15,275,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $580,468 |
| Net Gain/Loss on Asset Sales | -$1,180,427 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,041,378,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $604,150 |
| 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. | $18,054,421 |
| Compensation of current officers, directors, key employees. | $9,946,006 |
| Compensation to disqualified persons | $1,158,451 |
| Other salaries and wages | $907,967,823 |
| Pension plan accruals and contributions | $18,786,108 |
| Other employee benefits | $78,908,218 |
| Payroll taxes | $61,867,481 |
| Fees for services: Management | $9,250,727 |
| Fees for services: Legal | $3,360,813 |
| Fees for services: Accounting | $515,837 |
| Fees for services: Lobbying | $237,131 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $438,962 |
| Fees for services: Other | $107,359,961 |
| Advertising and promotion | $8,290,356 |
| Office expenses | $55,978,696 |
| Information technology | $31,815,824 |
| Royalties | $0 |
| Occupancy | $41,472,056 |
| Travel | $325,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,209,833 |
| Interest | $11,589,955 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,449,857 |
| Insurance | $38,156,215 |
| All other expenses | $43,817,517 |
| Total functional expenses | $1,848,133,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,967,591 |
| Savings and temporary cash investments | $557,282,946 |
| Pledges and grants receivable | $21,729,508 |
| Accounts receivable, net | $188,738,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,349,579 |
| Prepaid expenses and deferred charges | $16,464,739 |
| Net Land, buildings, and equipment | $695,704,820 |
| Investments—publicly traded securities | $429,007,752 |
| Investments—other securities | $22,929,365 |
| Investments—program-related | $0 |
| Intangible assets | $81,631,199 |
| Other assets | $48,010,241 |
| Total assets | $2,148,816,587 |
| Accounts payable and accrued expenses | $288,768,946 |
| Grants payable | $0 |
| Deferred revenue | $75,246,872 |
| Tax-exempt bond liabilities | $222,779,537 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $46,744,654 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $316,163,268 |
| Total liabilities | $949,703,277 |
| Net assets without donor restrictions | $1,198,674,310 |
| 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 | $2,148,816,587 |
Grants Awarded
Over the last fiscal year, Cooper Health System A New Jersey Non-Profit Corporation has awarded $466,250 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SUSAN G KOMEN PURPOSE: GENERAL SUPPORT | $15,000 |
INSPIRA HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $31,000 |
THE UNIVERSITY OF TX MD ANDERSON CANCER CENTER PURPOSE: GENERAL SUPPORT | $100,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $11,050 |
AUXILIARY OF THE NEMOURS ALFRED I DUPONT HOSPITAL FOR CHILDREN INC PURPOSE: GENERAL SUPPORT | $10,000 |
RONALD MCDONALD HOUSE PURPOSE: GENERAL SUPPORT | $21,000 |