Princeton Healthcare Affiliated Physicians Pc
- Assets
- $4.7m
- Revenue
- $53.6m
- Investments
- $0.0
- Employees
- 286
- Location
- Plainsboro, NJ
- Founding
- 05/2014
- Data as of
- 06/2021
- EIN
- 26-4203938
Organization Overview
Princeton Healthcare Affiliated Physicians Pc, operating under the name Princeton Medicine, is located in Plainsboro, NJ. The organization was established in 2014. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2021, Princeton Medicine employed 286 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Medicine 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 06/2021, Princeton Medicine generated $53.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $63.7m during the year ending 06/2021. While expenses have increased by 9.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES PHYSICIAN SERVICES IN FURTHERANCE OF THE CHARITABLE PURPOSES OF PRINCETON HEALTHCARE SYSTEM, A RELATED IRC SECTION 501(C)(3) TAX-EXEMPT HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Heim MD Physician | 55 | $726,018 | |
Anish A Sheth MD Physician | 55 | $635,221 | |
Eric H Shen MD Physician | 55 | $604,268 | |
Kevin Skole MD Physician | 55 | $544,689 | |
Lisa Motavalli MD Physician | 55 | $535,579 | |
Kathy Robison Trustee, Chair As Of 1/1/21 | OfficerTrustee | 55 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Princeton Pike Internal Medicine Physician Practice | 6/29/20 | $1,860,110 |
Hamilton Medical Group Pc Physician Practice | 6/29/20 | $2,116,508 |
Ewing Medical Associates Pa Physician Practice | 6/29/20 | $1,215,433 |
Rednor-risi Family Medicine Physician Practice | 6/29/20 | $833,106 |
Princeton Plainsboro Phy Associates Physician Practice | 6/29/20 | $684,929 |
Princeton Pike Internal Medicine Physician Practice | 6/29/20 | $1,860,110 |
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 | $53,586,457 |
| Investment income | $0 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,586,457 |
| 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 | $35,966,618 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,602,874 |
| Payroll taxes | $1,995,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $11,820,000 |
| Advertising and promotion | $0 |
| Office expenses | $122,748 |
| Information technology | $18,363 |
| Royalties | $0 |
| Occupancy | $2,603,123 |
| Travel | $87,320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,537 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,586 |
| Insurance | $769,402 |
| All other expenses | $33,378 |
| Total functional expenses | $63,663,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,176 |
| Savings and temporary cash investments | $567,971 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,695,134 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $522,027 |
| Prepaid expenses and deferred charges | $514,172 |
| Net Land, buildings, and equipment | $412,732 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,632 |
| Total assets | $4,748,844 |
| Accounts payable and accrued expenses | $4,544,513 |
| 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 | $8,155,642 |
| Total liabilities | $12,700,155 |
| Net assets without donor restrictions | -$7,951,311 |
| 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 | $4,748,844 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lawrence Medical Associates Pc Bronxville, NY | $43,959,801 | $93,174,617 |
Beebe Physican Network Inc Lewes, DE | $13,499,418 | $49,763,714 |
Carnegie Cardiovascular Pc Westbury, NY | $1,096,228 | $75,454,558 |
Pinnacle Health Regional Physicians Harrisburg, PA | $6,138,085 | $78,224,269 |
Trinity Medical Wny Pc Buffalo, NY | $24,179,434 | $52,294,640 |
Jfk Medical Associates Pa Edison, NJ | $9,222,592 | $65,526,016 |
Crouse Medical Practice Pllc Syracuse, NY | $6,246,472 | $39,486,299 |
Princeton Healthcare Affiliated Physicians Pc Plainsboro, NJ | $4,748,844 | $53,586,457 |
Charles B Wang Community Health Center Inc New York, NY | $110,483,270 | $118,467,923 |
Brooklyn Ambulatory Care Pc Westbury, NY | $0 | $53,362,368 |
Phelps Medical Services Pc Sleepy Hollow, NY | $9,407,436 | $48,861,957 |
Amboy Medical Practice Pc Staten Island, NY | $10,020,483 | $37,058,255 |