Rwj Barnabas Health Inc
- Assets
- $522.9m
- Revenue
- $644.8m
- Investments
- $0.0
- Employees
- 4,496
- Location
- Newark, NJ
- Founding
- 10/1997
- Data as of
- 12/2018
- EIN
- 22-3452311
Organization Overview
Rwj Barnabas Health Inc is located in Newark, NJ. The organization was established in 1997. 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 12/2018, Rwj Barnabas Health Inc employed 4,496 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rwj Barnabas 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.
For the year ending 12/2018, Rwj Barnabas Health Inc generated $644.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $624.3m during the year ending 12/2018. While expenses have increased by 2.5% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE SPIRIT THAT INFUSES NEWARK BETH ISRAEL MEDICAL CENTER AND CHILDREN'S HOSPITAL OF NEW JERSEY IS ITS COMMITMENT TO EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY CARDIOVASCULAR SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THE ORGANIZATION PERFORMED 16,101 CARDIOVASCULAR SERVICES PROCEDURES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY GENERAL SURGERY SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THE ORGANIZATION PERFORMED 3,199 GENERAL SURGERY SERVICES PROCEDURES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY ONCOLOGY SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THE ORGANIZATION PERFORMED 6,342 ONCOLOGY SERVICES PROCEDURES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc E Berson Chairman - Trustee | OfficerTrustee | 1 | $0 |
Francis J Giantomasi ESQ Vice Chairman - Trustee | OfficerTrustee | 1 | $0 |
Patrick E Hobbs ESQ Treasurer - Trustee | OfficerTrustee | 1 | $0 |
Thiri Anandarangam MD Trustee | Trustee | 50 | $147,432 |
Fleeta J Barnes Trustee | Trustee | 1 | $0 |
Eric Brundage Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barnabas Health Inc Management | 12/30/18 | $60,457,826 |
Sbc Management Corporation Management | 12/30/18 | $6,714,680 |
Abbott Laboratories Inc Medical | 12/30/18 | $4,810,036 |
Sodexo Incorporated And Affiliates Medical | 12/30/18 | $3,775,323 |
Emergency Medical Associates Of Nj Medical | 12/30/18 | $4,491,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $181,020 |
| Related organizations | $0 |
| Government grants | $7,835,466 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,374,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,390,720 |
| Total Program Service Revenue | $631,693,151 |
| Investment income | $438,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $440,144 |
| Net Gain/Loss on Asset Sales | $34,283 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,604 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $644,768,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,580,204 |
| Compensation of current officers, directors, key employees. | $758,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,764,960 |
| Pension plan accruals and contributions | $12,932,902 |
| Other employee benefits | $22,275,122 |
| Payroll taxes | $20,884,526 |
| Fees for services: Management | $67,172,506 |
| Fees for services: Legal | $3,375 |
| Fees for services: Accounting | $16,600 |
| Fees for services: Lobbying | $39,639 |
| Fees for services: Fundraising | $26,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,134,655 |
| Advertising and promotion | $3,489 |
| Office expenses | $12,190,556 |
| Information technology | $2,285,449 |
| Royalties | $0 |
| Occupancy | $5,659,620 |
| Travel | $387,313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136,082 |
| Interest | $6,273,091 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,141,623 |
| Insurance | $10,261,467 |
| All other expenses | $0 |
| Total functional expenses | $624,309,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,372 |
| Savings and temporary cash investments | $2,757,689 |
| Pledges and grants receivable | $1,690,751 |
| Accounts receivable, net | $64,544,701 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,943,585 |
| Prepaid expenses and deferred charges | $6,590,006 |
| Net Land, buildings, and equipment | $107,580,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $23,647,714 |
| Intangible assets | $0 |
| Other assets | $304,148,716 |
| Total assets | $522,914,238 |
| Accounts payable and accrued expenses | $51,653,379 |
| Grants payable | $0 |
| Deferred revenue | $3,979,245 |
| 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 | $183,529 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $260,127,493 |
| Total liabilities | $315,943,646 |
| Unrestricted restricted net Assets | $197,319,592 |
| Temporarily restricted net Assets | $9,171,000 |
| Permanently restricted net Assets or current funds | $480,000 |
| 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 | $206,970,592 |