Humc Cardiovascular Partners Pc
- Assets
- $11.0m
- Revenue
- $45.3m
- Investments
- $0.0
- Employees
- 86
- Location
- Edison, NJ
- Founding
- 06/2013
- Data as of
- 12/2021
- EIN
- 27-0614861
Organization Overview
Humc Cardiovascular Partners Pc is located in Edison, NJ. The organization was established in 2013. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Humc Cardiovascular Partners Pc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Humc Cardiovascular Partners Pc 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 12/2021, Humc Cardiovascular Partners Pc generated $45.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $45.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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 HIGH QUALITY MEDICAL CARE TO THE COMMUNITY THAT IT SERVES AND SPECIFICALLY PROVIDES CARDIOLOGY & RELATED PROFESSIONAL MEDICAL SERVICES IN CONJUNCTION WITH HMH HOSPITALS CORP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES DIRECTLY TO PATIENTS THROUGH THE PHYSICIANS EMPLOYED BY THE CORPORATION. ACCORDINGLY, THE CORPORATION IS AN INTEGRAL PART OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK.
PROVIDING ADMINISTRATIVE, SUPERVISORY, TEACHING, COVERAGE AND RESEARCH SERVICES TO HMH HOSPITALS CORPORATION; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, IN FURTHERANCE OF ITS PRIMARY TAX-EXEMPT PURPOSE IN PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark B Anderson MD Chief, Cardiovascular Surgery | 55 | $1,856,507 | |
George P Batsides MD Chief, Cardiac Surgery | 55 | $1,682,782 | |
Elie M Elmann Physician | 55 | $1,596,736 | |
Ankitkumar K Patel MD Physician | Trustee | 55 | $923,155 |
Arthur Ng Physician | 55 | $809,940 | |
Haroon Faraz Physician | 55 | $768,583 |
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 | $45,291,688 |
| Investment income | $3,482 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,605 |
| 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 | $45,317,775 |
| 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 | $32,783,010 |
| Pension plan accruals and contributions | $473,129 |
| Other employee benefits | $1,327,586 |
| Payroll taxes | $1,047,906 |
| Fees for services: Management | $3,947,892 |
| 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 | $1,465,970 |
| Advertising and promotion | $2,812 |
| Office expenses | $100,842 |
| Information technology | $83,639 |
| Royalties | $0 |
| Occupancy | $1,342,835 |
| Travel | $27,052 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $141,360 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $574,025 |
| Insurance | $1,124,356 |
| All other expenses | $0 |
| Total functional expenses | $45,317,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,555,655 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,745,124 |
| 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 | $19,925 |
| Net Land, buildings, and equipment | $1,101,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,619,174 |
| Total assets | $11,041,395 |
| Accounts payable and accrued expenses | $1,619,379 |
| 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 | $835,921 |
| Total liabilities | $2,455,300 |
| Net assets without donor restrictions | $8,586,095 |
| 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 | $11,041,395 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Humc Cardiovascular Partners Pc has recieved totaling $17,157,547.
| Awarding Organization | Amount |
|---|---|
Hackensack Meridian Health Inc Edison, NJ PURPOSE: Subsidy | $17,157,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humc Cardiovascular Partners Pc Edison, NJ | $11,041,395 | $45,317,775 |
The Heart Group Of Lancaster General Health Lancaster, PA | $8,306,445 | $18,701,008 |
Sacred Heart Villa Assisted Living Community Reading, PA | $2,656 | $2,071,500 |
Adult Congenital Heart Association Inc Media, PA | $1,775,522 | $2,125,476 |
Childrens Cardiomyopathy Foundation Inc Tenafly, NJ | $2,994,643 | $890,184 |
International Atherosclerosis Society Woodcliff Lake, NJ | $522,027 | $795,356 |
American Journal Of Hypertension Ltd New York, NY | $7,453,891 | $563,715 |
Foundation For Women And Girls With Blood Disorders Montclair, NJ | $1,570,346 | $760,033 |
Cardiovascular Institute Philadelphia, PA | $711,582 | $487,550 |
Center For Vascular Awareness Inc Latham, NY | $3,489,182 | $633,176 |
Pakistan Childrens Heart Foundation North America Inc Scarsdale, NY | $608,851 | $962,859 |
Con Solatio Brooklyn, NY | $2,132,249 | $310,137 |