Saint Peters Healthcare System Inc
- Assets
- $123.3m
- Revenue
- $57.1m
- Investments
- $0.0
- Employees
- 225
- Location
- New Brunswick, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 26-2019056
Organization Overview
Saint Peters Healthcare System Inc is located in New Brunswick, NJ. As of 12/2023, Saint Peters Healthcare System Inc employed 225 individuals. Saint Peters Healthcare System 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 12/2023, Saint Peters Healthcare System Inc generated $57.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $56.3m during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 5 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 2019, Saint Peters Healthcare System Inc has awarded 22 individual grants totaling $204,050. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS THE TAX-EXEMPT PARENT ENTITY OF SAINT PETER'S HEALTHCARE SYSTEM AND AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING SAINT PETER'S UNIVERSITY HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION AND OTHER SAINT PETER'S HEALTHCARE SYSTEM AFFILIATES WHICH PROVIDE MEDICALLY NECESSARY HEALTHCARE SERVICES TO THE COMMUNITY AND ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. 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 |
|---|---|---|---|
Leslie D Hirsch Fache Trustee - President/ceo | OfficerTrustee | 55 | $1,703,149 |
Garrick J Stoldt Fhfma CPA Treasurer - CFO | Officer | 55 | $824,300 |
Alma S Ratcliffe MD Vp; Chief Clinical Transf. Off | Officer | 55 | $761,241 |
Jordan M Tannenbaum MD MBA Vp; Cio/cmio | Officer | 55 | $684,863 |
Niranjan V Rao MD Chief Medical Officer | Officer | 55 | $616,194 |
Alyssa A Verderami ESQ Secretary-Vp Legal & Risk Mgmt | Officer | 55 | $555,474 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kaufman Hall Associates Llc Consulting | 12/30/23 | $1,891,439 |
Infor Llc It/consulting | 12/30/23 | $808,083 |
E Plus Technology Inc It | 12/30/23 | $651,462 |
Sgw Integrated Marketing Marketing | 12/30/23 | $457,967 |
Creative Breakthoughs Inc It/consulting | 12/30/23 | $332,791 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $57,216,061 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$108,502 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,107,559 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $161,672 |
| 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. | $7,923,876 |
| Compensation of current officers, directors, key employees. | $1,600,623 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,884,594 |
| Pension plan accruals and contributions | $922,426 |
| Other employee benefits | $2,604,236 |
| Payroll taxes | $1,637,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,125,414 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,003,501 |
| Advertising and promotion | $2,135,085 |
| Office expenses | $1,842,708 |
| Information technology | $265,241 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $114,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,176 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $614,219 |
| Total functional expenses | $56,255,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,273 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $2,912,387 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,031,100 |
| Total assets | $123,309,760 |
| Accounts payable and accrued expenses | $8,893,343 |
| 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 | $114,416,417 |
| Total liabilities | $123,309,760 |
| Net assets without donor restrictions | $0 |
| 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 | $123,309,760 |
Grants Awarded
Over the last fiscal year, Saint Peters Healthcare System Inc has awarded $53,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CAREPOINT HEALTH SYSTEMS INC PURPOSE: SPONSORSHIP | $10,000 |
NJHA HEALTHCARE BUSINESS PURPOSE: SPONSORSHIP | $10,000 |
RONALD MCDONALD HOUSE PURPOSE: SPONSORSHIP | $8,000 |
RUTGERS THE STATE UNIV OF NJ PURPOSE: SPONSORSHIP | $7,500 |
ST JOSEPH'S HEALTH FOUNDATION PURPOSE: SPONSORSHIP | $6,500 |
NJCAPA PURPOSE: SPONSORSHIP | $6,000 |