Saint Peters Healthcare System Physician Associates
- Assets
- $7.1m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 104
- Location
- New Brunswick, NJ
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 27-4645523
Organization Overview
Saint Peters Healthcare System Physician Associates is located in New Brunswick, NJ. The organization was established in 2018. As of 12/2022, Saint Peters Healthcare System Physician Associates employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Peters Healthcare System Physician Associates 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 12/2022, Saint Peters Healthcare System Physician Associates generated $9.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $16.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF SAINT PETER'S UNIVERSITY HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORG.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF SAINT PETER'S UNIVERSITY HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alma S Ratcliffe MD Trustee | Trustee | 55 | $0 |
Amar Bukhari MD President-Trustee (eff 08/22) | OfficerTrustee | 55 | $0 |
Charles D Franco MD Physician | 55 | $383,527 | |
Michael L Carlucci MD Physician | 55 | $403,571 | |
Andrew Camerota MD Physician | 55 | $385,281 | |
Mahmoud El-Banna MD Physician | 55 | $394,818 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heart Vascular Institute Of Centr Medical | 12/30/18 | $789,373 |
Heart Vascular Center Of New Brun Medical | 12/30/18 | $115,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,458 |
| 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 | $20,458 |
| Total Program Service Revenue | $9,830,393 |
| Investment income | $340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,985 |
| 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 | $9,840,206 |
| 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 | $8,498,409 |
| Pension plan accruals and contributions | $315,546 |
| Other employee benefits | $856,408 |
| Payroll taxes | $480,494 |
| Fees for services: Management | $425,451 |
| 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 | $148,557 |
| Advertising and promotion | $180 |
| Office expenses | $199,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,927,808 |
| Travel | $14,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $287,313 |
| Insurance | $135,154 |
| All other expenses | $717,179 |
| Total functional expenses | $16,827,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,150 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $149,059 |
| 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 | $93,969 |
| Net Land, buildings, and equipment | $1,011,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,710,810 |
| Total assets | $7,101,460 |
| Accounts payable and accrued expenses | $1,675,192 |
| 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 | $93,824,673 |
| Total liabilities | $95,499,865 |
| Net assets without donor restrictions | -$88,398,405 |
| 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 | $7,101,460 |