Bancroft A New Jersey Nonprofit Corporation
- Assets
- $218.0m
- Revenue
- $214.7m
- Investments
- $0.0
- Employees
- 3,540
- Location
- Cherry Hill, NJ
- Founding
- 07/1929
- Data as of
- 06/2022
- EIN
- 21-0672770
Organization Overview
Bancroft A New Jersey Nonprofit Corporation, operating under the name Bancroft Neurohealth A New Jersey Non Profit Corporation, is located in Cherry Hill, NJ. The organization was established in 1929. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Bancroft Neurohealth A New Jersey Non Profit Corporation employed 3,540 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bancroft Neurohealth 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 06/2022, Bancroft Neurohealth A New Jersey Non Profit Corporation generated $214.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $210.1m during the year ending 06/2022. While expenses have increased by 6.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROGRAMS AND SERVICES FOR INDIVIDUALS WITH A VARIETY OF CHALLENGING DIAGNOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OBANCOFT OWNS AND OPERATES 4 SCHOOLS, 3 RESIDENTIAL CAMPUSES, 3 BANCROFT NEUROREHAB OUTPATIENT CENTERS AND 275 GROUP HOMES/SUPPORTED APARTMENTS IN NEW JERSEY, PENNSYLVANIA AND DELAWARE SERVING APPROXIMATELY 2,200 INDIVIDUALS ANNUALLY. INTEGRATED HEALTH & WELLNESS: BANCROFT HEALTHCARE SERVICES ARE PROVIDED ON-SITE AND IN-PROGRAM BY A SPECIALIZED TEAM OF LICENSED INDEPENDENT PRACTITIONERS. THE TEAM IS RESPONSIBLE FOR INTERLACING MEDICAL CARE AND COORDINATING APPOINTMENTS AND MEDICAL INFORMATION FOR THE BETTERMENT OF THOSE WE SERVE. ONSITE MEDICAL AND PSYCHIATRY CARE IS AVAILABLE IN MANY LOCATIONS. APPLIED BEHAVIOR ANALYSIS CENTER OF EXCELLENCE: DEDICATED TO ACHIEVING EVIDENCE-BASED OUTCOMES, BANCROFT'S ABA CENTER OF EXCELLENCE IS A UNIQUE RESOURCE IN THE REGION PROVIDING A TRULY UNPARALLELED PATH TO QUALITY OF LIFE FOR CHILDREN, ADULTS AND THEIR FAMILIES WHILE ENSURING INTERNAL CLINICAL QUALITY.BANCROFT NEUROREHAB: WORKING WITH INDIVIDUALS WITH NEUROLOGICAL AND DEVELOPMENTAL CHALLENGES, WE OPTIMIZE FUNCTIONING ACROSS ENVIRONMENTS THROUGH EVIDENCE-BASED EDUCATIONAL, CONSULTATIVE, REHABILITATION THERAPIES AND ACCESSIBILITY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toni Pergolin President And CEO | OfficerTrustee | 44 | $616,533 |
John Mcshane ESQ Chairman | Trustee | 1 | $0 |
John C Flamma Jr MD First Vice Chair | Trustee | 1 | $0 |
Lisa Alberts Trustee | Trustee | 1 | $0 |
Ann T Anthony Trustee | Trustee | 1 | $0 |
Martin A Bieber Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Voorhees Pediatric Rehab Services Rehabilitation Services | 6/29/22 | $1,350,429 |
Med-metrix Llc Revenue Recovery Services | 6/29/22 | $1,168,094 |
Ioa Re Llc Underwriting Services | 6/29/22 | $878,090 |
On Site Innovations Inc Occupational Health Services | 6/29/22 | $706,593 |
Dex & Co Llc Janitorial Services | 6/29/22 | $638,235 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $251,905 |
| Related organizations | $0 |
| Government grants | $564,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $802,228 |
| Noncash contributions included in lines 1a–1f | $119,435 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,618,333 |
| Total Program Service Revenue | $210,791,000 |
| Investment income | $2,067,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $162,410 |
| Net Income from Fundraising Events | $50,617 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $214,698,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $964,327 |
| Compensation of current officers, directors, key employees. | $385,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,338,464 |
| Pension plan accruals and contributions | $820,968 |
| Other employee benefits | $24,216,234 |
| Payroll taxes | $9,443,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $439,941 |
| Fees for services: Accounting | $231,504 |
| Fees for services: Lobbying | $120,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,714,224 |
| Advertising and promotion | $794,286 |
| Office expenses | $12,070,870 |
| Information technology | $2,074,439 |
| Royalties | $0 |
| Occupancy | $10,421,981 |
| Travel | $1,677,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $203,825 |
| Interest | $5,307,425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,561,881 |
| Insurance | $2,370,713 |
| All other expenses | $0 |
| Total functional expenses | $210,120,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,687,901 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,178,948 |
| Loans from Officers, Directors, or Controlling Persons | $330,552 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,609,214 |
| Net Land, buildings, and equipment | $114,529,396 |
| Investments—publicly traded securities | $31,095,676 |
| Investments—other securities | $0 |
| Investments—program-related | $57,633 |
| Intangible assets | $313,559 |
| Other assets | $44,174,613 |
| Total assets | $217,977,492 |
| Accounts payable and accrued expenses | $28,779,154 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $94,719,062 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,311,595 |
| Unsecured mortgages and notes payable | $33,926,277 |
| Other liabilities | $0 |
| Total liabilities | $169,736,088 |
| Net assets without donor restrictions | $45,431,051 |
| Net assets with donor restrictions | $2,810,353 |
| 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 | $217,977,492 |