Saint Peters University Hospital
- Assets
- $552.4m
- Revenue
- $582.1m
- Investments
- $0.0
- Employees
- 4,090
- Location
- New Brunswick, NJ
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 22-1487330
Organization Overview
Saint Peters University Hospital is located in New Brunswick, NJ. The organization was established in 1946. 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, Saint Peters University Hospital employed 4,090 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Saint Peters University Hospital 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, Saint Peters University Hospital generated $582.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $532.9m during the year ending 12/2022. While expenses have increased by 2.4% 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
THE ORGANIZATION IS COMMITTED TO HUMBLE SERVICE TO HUMANITY, ESPECIALLY THE POOR, THROUGH COMPETENCE AND GOOD STEWARDSHIP OF RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING INPATIENT, OUTPATIENT AND EMERGENCY MEDICALLY NECESSARY SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT (STATEMENT OF PROGRAM SERVICES) WHICH INCLUDES DETAILED INFORMATION REGARDING THE VARIOUS SERVICES PROVIDED BY THIS ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie D Hirsch Fache Trustee - President/ceo | OfficerTrustee | 55 | $0 |
Garrick J Stoldt Fhfma CPA Treasurer - CFO Sphcs | Officer | 55 | $0 |
Arkady Broder MD Gastroenterologist | 55 | $894,652 | |
David Jacob MD Cardiologist | 55 | $897,045 | |
Linda Carroll Msn Rn-Bc Cno/vp Patient Care Services | Officer | 55 | $688,244 |
Alyssa A Verderami ESQ Secretary-Vp Legal & Risk Mgt | Officer | 55 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Symmetry Workforce Solutions Staffing | 12/30/22 | $15,639,579 |
Vericon Construction Company Llc Construction | 12/30/22 | $3,966,185 |
Allied Universal Security Services Security | 12/30/22 | $2,643,086 |
Athena Health Inc It/ehr | 12/30/22 | $2,061,555 |
Patient Financial Concepts Collections | 12/30/22 | $1,331,126 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,436,458 |
| Government grants | $15,875,256 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,476,464 |
| Total Program Service Revenue | $556,713,395 |
| Investment income | $3,679,024 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,588,088 |
| Net Gain/Loss on Asset Sales | -$8,497 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,115,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,715 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $83,845 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,216,352 |
| Compensation of current officers, directors, key employees. | $429,703 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,796,777 |
| Pension plan accruals and contributions | $9,992,179 |
| Other employee benefits | $26,207,891 |
| Payroll taxes | $18,039,500 |
| Fees for services: Management | $2,450,285 |
| Fees for services: Legal | $2,294,641 |
| Fees for services: Accounting | $571,360 |
| Fees for services: Lobbying | $129,160 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $444,318 |
| Fees for services: Other | $38,609,925 |
| Advertising and promotion | $2,424,611 |
| Office expenses | $8,860,565 |
| Information technology | $265,468 |
| Royalties | $0 |
| Occupancy | $10,600,028 |
| Travel | $351,102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,978 |
| Interest | $7,005,099 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,747,377 |
| Insurance | $6,182,845 |
| All other expenses | $3,509,077 |
| Total functional expenses | $532,926,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,624,820 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,876,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,269,455 |
| Prepaid expenses and deferred charges | $2,599,623 |
| Net Land, buildings, and equipment | $156,371,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $229,564,312 |
| Intangible assets | $1,172,116 |
| Other assets | $64,957,133 |
| Total assets | $552,434,880 |
| Accounts payable and accrued expenses | $68,823,320 |
| Grants payable | $0 |
| Deferred revenue | $1,565,108 |
| Tax-exempt bond liabilities | $104,838,264 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,297,736 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $133,278,452 |
| Total liabilities | $312,802,880 |
| Net assets without donor restrictions | $226,486,008 |
| Net assets with donor restrictions | $13,145,992 |
| 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 | $552,434,880 |