Hackensack Meridian Health Inc
- Assets
- $1.2m
- Revenue
- $646.6k
- Investments
- $0.0
- Employees
- 0
- Location
- North Bergen, NJ
- Founding
- 09/1996
- Data as of
- 12/2015
- EIN
- 22-3693169
Organization Overview
Hackensack Meridian Health Inc is located in North Bergen, 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
THE ORGANIZATION SUPPORTS THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF PALISADES HEALTHCARE SYSTEM, INC. AND ITS AFFILIATES, INCLUDING PALISADES MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF PALISADES HEALTHCARE SYSTEM, INC. AND ITS AFFILIATES, INCLUDING PALISADES MEDICAL CENTER WHICH 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Meditz Chairman - Trustee | OfficerTrustee | 1 | $0 |
Joseph Burt Executive Director - Trustee | OfficerTrustee | 55 | $0 |
Bruce J Markowitz Trustee - President/ceo | OfficerTrustee | 55 | $0 |
Alexander Duran Trustee | Trustee | 1 | $0 |
Thomas M Eastwick Trustee | Trustee | 1 | $0 |
Alejandra Pazmino Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $485,333 |
| Related organizations | $7,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,845 |
| Total Program Service Revenue | $0 |
| Investment income | $34,843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $149 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $3,345 |
| Net Income from Sales of Inventory | $14,385 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $646,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,830 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $15,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,448 |
| Fees for services: Investment Management | $3,194 |
| Fees for services: Other | $7,500 |
| Advertising and promotion | $12,482 |
| Office expenses | $12,300 |
| Information technology | $30,237 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,965 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $822,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,286 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $181,809 |
| 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 | $2,866 |
| Prepaid expenses and deferred charges | $5,909 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $623,205 |
| Intangible assets | $0 |
| Other assets | $1,837 |
| Total assets | $1,156,912 |
| Accounts payable and accrued expenses | $20,392 |
| 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 | $520,245 |
| Total liabilities | $540,637 |
| Unrestricted restricted net Assets | $194,501 |
| Temporarily restricted net Assets | $421,774 |
| Permanently restricted net Assets or current funds | $0 |
| 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 | $616,275 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hackensack Meridian Health Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $25,000 |
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 |