Hackensack Meridian Health Inc
- Assets
- $2.7m
- Revenue
- $383.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Perth Amboy, NJ
- Founding
- 09/1996
- Data as of
- 12/2015
- EIN
- 22-2656665
Organization Overview
Hackensack Meridian Health Inc is located in Perth Amboy, NJ. The organization was established in 1996. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hackensack Meridian Health Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF RARITAN BAY MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF RARITAN BAY MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rozalia Czaban Trustee | Trustee | 1 | $11,700 |
Barry Rosengarten Vice Chairman - Trustee | OfficerTrustee | 1 | $0 |
Russell J Azzarello Chairman - Trustee | OfficerTrustee | 1 | $0 |
Ray Zirpolo Secretary - Trustee | OfficerTrustee | 1 | $0 |
James J Elek Treasurer - Trustee | OfficerTrustee | 1 | $0 |
David M Hutt ESQ Asst. Secretary - Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $287,072 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,930 |
| Total Program Service Revenue | $0 |
| Investment income | -$14,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $9,312 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,114 |
| 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. | $11,700 |
| Compensation of current officers, directors, key employees. | $1,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,965 |
| Advertising and promotion | $0 |
| Office expenses | $12,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,288 |
| Travel | $213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $915,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $413,083 |
| Pledges and grants receivable | $404,353 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $534 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,859,864 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,677,834 |
| Accounts payable and accrued expenses | $21,058 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,817 |
| Total liabilities | $30,875 |
| Unrestricted restricted net Assets | -$1,136,709 |
| Temporarily restricted net Assets | $1,850,637 |
| Permanently restricted net Assets or current funds | $1,933,031 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $2,646,959 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hackensack Meridian Health Inc has recieved totaling $8,400.
| Awarding Organization | Amount |
|---|---|
Hackensack Meridian Health Inc Edison, NJ PURPOSE: HEALTHCARE | $8,400 |
Endowment Analysis
| Beg. Balance | $4,405,517 |
| Earnings | -$50,900 |
| Net Contributions | $73,240 |
| Other Expense | $644,189 |
| Ending Balance | $3,783,668 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carbon Schiylkill Community Hospital Inc Allentown, PA | $59,769,388 | $99,125,691 |
Mercy Management Of Southeastern Pennsylvania Newtown Square, PA | $35,720,609 | $73,428,076 |
Mount Nittany Medical Center Health Services Inc State College, PA | $76,955,492 | $122,027,068 |
Archcare New York, NY | $38,938,250 | $96,013,711 |
Hackensack Meridian Health Inc Edison, NJ | $4,603,504,808 | $570,011,580 |
Atlanticare Health System Inc Egg Harbor Township, NJ | $51,745,576 | $84,060,384 |
Hackensack Meridian Health Inc Neptune, NJ | $71,369,061 | $79,547,655 |
Trinity Health Of The Mid-Atlantic Region Newtown Square, PA | $176,808,635 | $95,052,578 |
Robert Wood Johnson Health Network Inc Oceanport, NJ | $28,225,653 | $62,188,927 |
Rpci Oncology Pc Buffalo, NY | $19,088,362 | $66,318,134 |
Vitalant Pittsburgh, PA | $159,473,339 | $66,470,403 |
Merakey Usa Lafayette Hill, PA | $176,785,853 | $59,186,267 |