Rwjbh Corporate Services Inc
- Assets
- $6.1b
- Revenue
- $1.4b
- Investments
- $0.0
- Employees
- 3,094
- Location
- Oceanport, NJ
- Founding
- 05/1985
- Data as of
- 12/2022
- EIN
- 22-2405279
Organization Overview
Rwjbh Corporate Services Inc, operating under the name Rwjbh Corporate Services, is located in Oceanport, NJ. The organization was established in 1985. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Rwjbh Corporate Services employed 3,094 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rwjbh Corporate Services 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, Rwjbh Corporate Services generated $1.4b in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $1.3b during the year ending 12/2022. While expenses have increased by 16.0% 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, Rwjbh Corporate Services has awarded 148 individual grants totaling $10,516,293. 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 SUPPORT THE CHARITABLE PURPOSES, GOALS AND OBJECTIVES OF RWJ BARNABAS HEALTH, INC. AND ITS AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.
Describe the Organization's Program Activity:
EXPENSES INCURRED IN SUPPORTING RWJBARNABAS HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM BY PROVIDING INTEGRAL CORPORATE SERVICES. RWJBARNABAS HEALTH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
EXPENSES INCURRED FOR ALL COVERED RWJBARNABAS HEALTH EMPLOYEES RELATING TO RWJBARNABAS HEALTH'S SELF-INSURED HEALTH PLAN, INCLUDING MEDICAL CLAIMS AND PRESCRIPTIONS.
EXPENSES INCURRED IN OPERATING RWJBH ACCOUNTABLE CARE, LLC, AN ACCOUNTABLE CARE ORGANIZATION WHOSE SOLE MEMBER IS BARNABAS HEALTH, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry H Ostrowsky Trustee - CEO | OfficerTrustee | 60 | $7,241,650 |
John F Bonamo MD Ms Evp, Cmo (termed 05/15/2022) | Officer | 55 | $8,130,124 |
Thomas A Biga Evp, President Nw Region | Officer | 55 | $4,186,417 |
John W Doll CPA Sr. Evp, Chief Operating Off. | Officer | 60 | $4,009,762 |
Mark E Manigan President | Officer | 60 | $3,575,015 |
Martin S Everhart Evp, Chief Hr Off. (term 8/22) | Officer | 55 | $3,349,006 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rutgers The State University Of Nj Medical | 12/30/22 | $200,786,393 |
Harmelin And Associates Inc Marketing | 12/30/22 | $18,034,118 |
Quest Diagnostics Incorporated Medical | 12/30/22 | $33,262,381 |
Cerner Corporation Consulting | 12/30/22 | $25,178,223 |
Comport Consulting Corp It | 12/30/22 | $17,270,924 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,945,663 |
| 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 | $4,945,663 |
| Total Program Service Revenue | $1,272,118,060 |
| Investment income | $96,006,372 |
| Tax Exempt Bond Proceeds | $3,870,509 |
| Royalties | $0 |
| Net Rental Income | $388,759 |
| Net Gain/Loss on Asset Sales | $9,575,713 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,387,085,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,012,740 |
| 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. | $63,329,219 |
| Compensation of current officers, directors, key employees. | $6,332,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,594,362 |
| Pension plan accruals and contributions | $13,477,376 |
| Other employee benefits | $23,234,698 |
| Payroll taxes | $21,515,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,176,916 |
| Fees for services: Accounting | $2,119,667 |
| Fees for services: Lobbying | $304,677 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $230,121,577 |
| Advertising and promotion | $17,694,369 |
| Office expenses | $15,426,608 |
| Information technology | $71,446,784 |
| Royalties | $0 |
| Occupancy | $7,981,192 |
| Travel | $1,103,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,956,777 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,359,287 |
| Insurance | $12,829,070 |
| All other expenses | $62,967,618 |
| Total functional expenses | $1,259,135,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,849,891 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,049,950 |
| Prepaid expenses and deferred charges | $46,385,464 |
| Net Land, buildings, and equipment | $325,245,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,978,217,010 |
| Intangible assets | $0 |
| Other assets | $720,474,398 |
| Total assets | $6,094,222,613 |
| Accounts payable and accrued expenses | $156,402,331 |
| Grants payable | $0 |
| Deferred revenue | $10,555 |
| Tax-exempt bond liabilities | $285,680,414 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $51,927,846 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,958,320,019 |
| Total liabilities | $5,452,341,165 |
| Net assets without donor restrictions | $641,881,448 |
| Net assets with donor restrictions | $0 |
| 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 | $6,094,222,613 |
Grants Awarded
Over the last fiscal year, Rwjbh Corporate Services Inc has awarded $1,012,740 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SOCIAL FINANCE - PAY IT FORWARD NJ LLC PURPOSE: SPONSORSHIPS | $675,000 |
ONE TEN COALITION PURPOSE: SPONSORSHIPS | $150,000 |
COMMUNITY FOUNDATION OF NEW JERSEY PURPOSE: SPONSORSHIPS | $75,000 |
NEW JERSEY INSTITUTE FOR SOCIAL JUSTICE PURPOSE: SPONSORSHIPS | $40,000 |
SOCK SHOP OF AMERICA PURPOSE: SPONSORSHIPS | $37,000 |
SALAAM ICE CREAM PARLOR PURPOSE: SPONSORSHIPS | $13,990 |