Matheny School And Hospital Inc
- Assets
- $67.7m
- Revenue
- $54.1m
- Investments
- $0.0
- Employees
- 687
- Location
- Peapack, NJ
- Founding
- 10/1951
- Data as of
- 06/2022
- EIN
- 22-1482276
Organization Overview
Matheny School And Hospital Inc, operating under the name Matheny Medical & Educational Center, is located in Peapack, NJ. The organization was established in 1951. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Matheny Medical & Educational Center employed 687 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matheny Medical & Educational Center 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, Matheny Medical & Educational Center generated $54.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $52.4m during the year ending 06/2022. While expenses have increased by 1.6% 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
PROVIDE COMPREHENSIVE SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL CARE AND NURSING - PRIMARY, SUBSPECIALTY AND REHABILITATIVE CARE TO PATIENTS WITH CHRONIC NEUROLOGICAL DISABLING CONDITIONS OF ALL AGES. PROVIDE SUPPORT FOR NURSING AND ALL CLINICAL, THERAPEUTIC AND EDUCATIONAL DISCIPLINES. PROVIDE THE SCHOOL HEALTH FUNCTIONS FOR THE MATHENY SCHOOL. STAFF THE INPATIENT AND OUTPATIENT UNITS OF MATHENY MEDICAL AND EDUCATIONAL CENTER. PROVIDE EACH PATIENT WITH THE HIGHEST LEVEL OF PROFESSIONAL NURSING AND PARAPROFESSIONAL PERSONAL CARE. BE AN INTEGRATED TEAM WHICH PROVIDES COMPREHENSIVE, TRANSDISCIPLINARY SERVICES TO INDIVIDUALS WITH DISABILITIES OF A DEVELOPMENTAL NATURE. CONTINUED ON SCHEDULE O.MAINTAIN WELLNESS BY CREATING AN ATMOSPHERE WHICH IS HARMONIOUS AND PROMOTES INDIVIDUAL GROWTH AND DEVELOPMENT. TO PROVIDE RELATED SERVICES TO THE MATHENY COMMUNITY, INCLUDING INFECTION CONTROL, ENTERSTOMAL THERAPY, EMPLOYEE HEALTH SERVICES, RESPIRATORY THERAPY AND PHLEBOTOMY SERVICES. ALSO CONSULT WITH THE ADULT LEARNING CENTER AT HILLSBORO (MALCH) AND THE CENTER OF MEDICINE AND DENTISTRY (MCMD).
EDUCATION AND PSYCHOLOGICAL CARE AND DIETARY - PROVIDE AN INTEGRATED EDUCATIONAL EXPERIENCE FOR STUDENTS WITH A DIVERSE RANGE OF ABILITIES AND DISABILITIES. EACH STUDENT IS GIVEN OPPORTUNITIES TO REACH HIS OR HER HIGHEST LEVEL OF ACADEMIC ACHIEVEMENT, TO OBTAIN MAXIMUM INDEPENDENCE, AND TO TRANSITION INTO POST-SECONDARY FUNCTIONAL AND COMMUNITY-BASED PROGRAMS. THE MATHENY SCHOOL IS A PREMIER LEARNING INSTITUTION FOR STUDENTS WITH DEVELOPMENTAL DISABILITIES, STRIVING FOR EXCELLENCE AND BEST PRACTICES IN EDUCATIONAL ADAPTATIONS AND LEARNING OUTCOMES. MATHENY FACILITATES CHANGE TO MAXIMIZE THE POTENTIAL OF PERSONS SERVED SO THAT THEY MAY ACHIEVE INDEPENDENCE AND INTEGRATION INTO THE COMMUNITY.
THERAPY - TO PROVIDE A CONTINUUM OF SERVICES IN THE AREAS OF OCCUPATIONAL THERAPY, PHYSICAL THERAPY, SPEECH-LANGUAGE THERAPY, MUSIC THERAPY, RECREATION THERAPY AND ASSISTIVE TECHNOLOGY TO CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES IN BOTH MATHENY'S INTERNAL AND EXTERNAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Krais ESQ Chairman | OfficerTrustee | 5 | $0 |
Patrick Scaglione Vice Chairman | OfficerTrustee | 5 | $0 |
William M Kent Mha President & CEO | OfficerTrustee | 37.5 | $390,854 |
Vincent Barba MD Facp Fhm Chief Medical Officer | OfficerTrustee | 37.5 | $399,569 |
Peter M Holloway Trustee | Trustee | 1 | $0 |
Alan E Turovlin CPA Cgma Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nouvelle Llc Construction Services | 6/29/22 | $569,302 |
Accountable Healthcare Staffing Inc Staffing Services | 6/29/22 | $128,291 |
Baker Tilly Us Llc Auditing And Tax Services | 6/29/22 | $126,222 |
Accurate Diagnostic Labs Medical Testing Services | 6/29/22 | $122,610 |
Princeton Jan Services Llc Janitorial Services | 6/29/22 | $122,283 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $241,719 |
| Related organizations | $100,000 |
| Government grants | $253,814 |
| All other contributions, gifts, grants, and similar amounts not included above | $361,568 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $957,101 |
| Total Program Service Revenue | $50,289,332 |
| Investment income | $718,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,705,718 |
| Net Income from Fundraising Events | -$29,396 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,130,609 |
| 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. | $1,596,231 |
| Compensation of current officers, directors, key employees. | $933,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,210,776 |
| Pension plan accruals and contributions | $603,928 |
| Other employee benefits | $3,722,141 |
| Payroll taxes | $2,477,647 |
| Fees for services: Management | $17,500 |
| Fees for services: Legal | $32,092 |
| Fees for services: Accounting | $95,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $351,214 |
| Fees for services: Other | $2,604,532 |
| Advertising and promotion | $54,918 |
| Office expenses | $650,565 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $935,142 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,268 |
| Interest | $10,427 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,159,163 |
| Insurance | $1,151,197 |
| All other expenses | $225,390 |
| Total functional expenses | $52,422,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $2,889,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,506,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,690 |
| Prepaid expenses and deferred charges | $165,789 |
| Net Land, buildings, and equipment | $9,806,794 |
| Investments—publicly traded securities | $36,626,599 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,655,379 |
| Total assets | $67,665,322 |
| Accounts payable and accrued expenses | $7,875,638 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $400,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,698,877 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $221,693 |
| Total liabilities | $12,196,208 |
| Net assets without donor restrictions | $54,822,193 |
| Net assets with donor restrictions | $646,921 |
| 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 | $67,665,322 |