St Josephs Health System Subordinate Group Return
- Assets
- $1.1b
- Revenue
- $963.8m
- Investments
- $334.0m
- Employees
- 6,375
- Location
- Paterson, NJ
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 27-1344467
Organization Overview
St Josephs Health System Subordinate Group Return is located in Paterson, NJ. The organization was established in 2009. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, St Josephs Health System Subordinate Group Return employed 6,375 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Josephs Health System Subordinate Group Return 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, St Josephs Health System Subordinate Group Return generated $963.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $923.9m during the year ending 12/2021. While expenses have increased by 3.1% 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.
Since 2014, St Josephs Health System Subordinate Group Return has awarded 14 individual grants totaling $17,864,915. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY HEALTHCARE WITH A SPECIAL CONCERN FOR THE POOR AND UNDERSERVED.
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 |
|---|---|---|---|
Mark W Connolly MD Chairman, Dept. Of Surgery | 55 | $2,508,658 | |
Kevin J Slavin President & Chief Executive Officer | Officer | 55 | $2,094,141 |
Dennis Roemer Sr. Vp, CFO Thru 11/20 | 0 | $1,122,643 | |
John M Danks MD Medical Doctor | 55 | $1,097,981 | |
Lisa Schmittgall Exec Vp, Chief Admin. Officer | Officer | 55 | $1,057,970 |
Matthew A Grossman Medical Doctor | 55 | $992,260 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cardiology Associates Cardiology | 12/30/21 | $3,960,751 |
Prolink Healthcare Temporary Staffing | 12/30/21 | $7,173,144 |
Symmetry Workforce Solutions Llc Temporary Staffing | 12/30/21 | $3,629,459 |
Advanced Cardiology Practice Llc Cardiology | 12/30/21 | $3,461,716 |
North American Partners In Anesthesia Anaesthesiology | 12/30/21 | $2,725,339 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $371,715 |
| Related organizations | $3,665,314 |
| Government grants | $77,489,353 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,535,739 |
| Noncash contributions included in lines 1a–1f | $33,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,062,121 |
| Total Program Service Revenue | $833,329,640 |
| Investment income | $17,590,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,870,145 |
| Net Gain/Loss on Asset Sales | $4,988,140 |
| Net Income from Fundraising Events | $182,083 |
| Net Income from Gaming Activities | $26,930 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $963,799,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,714,698 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $17,406,875 |
| Compensation of current officers, directors, key employees. | $2,469,219 |
| Compensation to disqualified persons | $2,331,667 |
| Other salaries and wages | $430,957,677 |
| Pension plan accruals and contributions | $12,530,522 |
| Other employee benefits | $45,340,712 |
| Payroll taxes | $29,851,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,687,743 |
| Fees for services: Accounting | $654,052 |
| Fees for services: Lobbying | $259,949 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,272,434 |
| Fees for services: Other | $3,761,555 |
| Advertising and promotion | $962,214 |
| Office expenses | $32,784,062 |
| Information technology | $22,679,182 |
| Royalties | $0 |
| Occupancy | $61,114,693 |
| Travel | $955,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,963,037 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,863,195 |
| Insurance | $14,544,305 |
| All other expenses | $35,738,531 |
| Total functional expenses | $923,887,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,500,555 |
| Savings and temporary cash investments | $17,032,394 |
| Pledges and grants receivable | $13,160,689 |
| Accounts receivable, net | $80,209,783 |
| Loans from Officers, Directors, or Controlling Persons | $268,794 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,703,188 |
| Inventories for sale or use | $25,161,689 |
| Prepaid expenses and deferred charges | $13,822,979 |
| Net Land, buildings, and equipment | $372,905,204 |
| Investments—publicly traded securities | $93,315,330 |
| Investments—other securities | $334,014,881 |
| Investments—program-related | $0 |
| Intangible assets | $2,110,000 |
| Other assets | $93,389,729 |
| Total assets | $1,081,595,215 |
| Accounts payable and accrued expenses | $180,059,269 |
| Grants payable | $0 |
| Deferred revenue | $28,416,000 |
| Tax-exempt bond liabilities | $249,955,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $81,200,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $198,994,014 |
| Total liabilities | $738,624,283 |
| Net assets without donor restrictions | $299,641,083 |
| Net assets with donor restrictions | $43,329,849 |
| 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 | $1,081,595,215 |
Grants Awarded
Over the last fiscal year, St Josephs Health System Subordinate Group Return has awarded $6,113,387 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Paterson, NJ PURPOSE: GENERAL SUPPORT | $6,103,387 |
Maplewood, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that St Josephs Health System Subordinate Group Return has recieved totaling $185,608.
| Awarding Organization | Amount |
|---|---|
Health Coalition Of Passaic County Inc Paterson, NJ PURPOSE: COVID-19 RELIEF EFFORTS | $143,659 |
The Partnership For Maternal And Child Health Of Northern Nj Inc Newark, NJ PURPOSE: SUB-GRANTEE PROGRAM SUPPORT | $32,089 |
American Osteopathic Foundation Inc Chicago, IL PURPOSE: RESEARCH GRANT | $9,860 |
Endowment Analysis
| Beg. Balance | $123,142 |
| Earnings | $47 |
| Other Expense | $47 |
| Ending Balance | $123,142 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Josephs Health System Subordinate Group Return Paterson, NJ | $1,081,595,215 | $963,799,571 |
Atlanticare Health System Inc Egg Harbor Township, NJ | $1,893,827,880 | $909,225,575 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
Hackensack Meridian Health Inc Edison, NJ | $279,460,343 | $549,822,020 |
Wellspan Health York, PA | $671,523,886 | $507,378,748 |
St Clair Health Corporation Pittsburgh, PA | $808,105,796 | $406,482,026 |
Wyckoff Heights Medical Center Brooklyn, NY | $318,132,023 | $364,136,906 |
Albany Medical Center Glens Falls, NY | $356,058,419 | $346,451,670 |
Centerlight Healthcare Inc Flushing, NY | $62,373,058 | $284,939,095 |
Albany Medical Center Saratoga Springs, NY | $380,815,690 | $338,787,899 |