Jefferson University Physicians
- Assets
- $200.9m
- Revenue
- $480.1m
- Investments
- $0.0
- Employees
- 2,697
- Location
- Philadelphia, PA
- Founding
- 10/1995
- Data as of
- 06/2022
- EIN
- 23-2809585
Organization Overview
Jefferson University Physicians is located in Philadelphia, PA. The organization was established in 1995. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Jefferson University Physicians employed 2,697 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jefferson University Physicians 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 06/2022, Jefferson University Physicians generated $480.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $537.8m during the year ending 06/2022. While expenses have increased by 3.6% 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
TO PROVIDE PHYSICIAN SERVICES AND TO SUPPORT THE MEDICAL, EDUCATIONAL AND RESEARCH MISSION OF THOMAS JEFFERSON UNIVERSITY AND JEFFERSON HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING PHYSICIAN SERVICES, PRACTICING MEDICINE AND SURGERY THROUGH DULY LICENSED PHYSICIANS AND SURGEONS IN A MANNER BENEFICIAL TO THE COMMUNITY AND IN FURTHERANCE OF THE CHARITABLE AND EDUCATIONAL PURPOSES OF THOMAS JEFFERSON UNIVERSITY AND JEFFERSON HEALTH AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Srinivas Prasad MD Ms Physician & Tju Professor | 55 | $2,084,194 | |
Robert H Rosenwasser MD Physician & Tju Professor | 55 | $310,000 | |
James S Harrop MD Physician & Tju Professor | 55 | $1,602,038 | |
Howard Krein MD Physician & Tju Professor | 55 | $1,745,537 | |
Jack Jallo MD PHD Physician & Tju Professor | 55 | $1,472,688 | |
Edmund Pribitkin MD MBA President | Officer | 55 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Jefferson University Corporate Services | 6/29/22 | $39,450,079 |
Heart Center Of Philadelphia Pc Medical | 6/29/22 | $2,694,891 |
National Jewish Health Medical | 6/29/22 | $825,000 |
Virtual Radiologic Profession Medical | 6/29/22 | $5,224,805 |
Vincera Imaging Llc Medical | 6/29/22 | $554,866 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,000 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,483 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,483 |
| Total Program Service Revenue | $479,413,731 |
| Investment income | $300,355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $169,737 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$2,334 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $480,062,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $369,432,465 |
| Pension plan accruals and contributions | $7,228,155 |
| Other employee benefits | $23,384,664 |
| Payroll taxes | $13,172,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $717,638 |
| Fees for services: Accounting | $115,157 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,518,091 |
| Advertising and promotion | $1,137,140 |
| Office expenses | $3,410,828 |
| Information technology | $5,137,892 |
| Royalties | $0 |
| Occupancy | $9,701,446 |
| Travel | $1,082,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $298,655 |
| Interest | $1,123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,317,873 |
| Insurance | $33,691,310 |
| All other expenses | $0 |
| Total functional expenses | $537,754,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,855,892 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,621,023 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $229,000 |
| Prepaid expenses and deferred charges | $859,267 |
| Net Land, buildings, and equipment | $16,787,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $42,239,251 |
| Intangible assets | $137,579 |
| Other assets | $102,209,065 |
| Total assets | $200,938,334 |
| Accounts payable and accrued expenses | $88,861,809 |
| Grants payable | $0 |
| Deferred revenue | $1,440,984 |
| 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 | $219 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $262,173,962 |
| Total liabilities | $352,476,974 |
| Net assets without donor restrictions | -$151,538,640 |
| 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 | $200,938,334 |