Hackensack Meridian Health Inc

Organization Overview

Hackensack Meridian Health Inc is located in Neptune, NJ. The organization was established in 1996. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hackensack Meridian Health 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 12/2017, Hackensack Meridian Health Inc generated $706.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $143.3k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (64.0%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2017

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF MUHLENBERG REGIONAL MEDICAL CENTER, INC.; AN INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MUHLENBERG FOUNDATION, INC. IS TO BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM DESIGNATED FUNCTIONS OF, AND TO CARRY OUT DESIGNATED PURPOSES OF MUHLENBERG REGIONAL MEDICAL CENTER, INC. AND ITS AFFILIATED NONPROFIT CORPORATIONS' CHARITABLE AND EDUCATIONAL PURPOSES AND PROGRAMS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$28,953
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$291,648
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$320,601
Total Program Service Revenue$0
Investment income $386,066
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 $706,667

Grants Awarded

Over the last fiscal year, Hackensack Meridian Health Inc has awarded $92,828 in support to 3 organizations.

Grant RecipientAmount

MUHLENBERG REGIONAL MEDICAL CENTER INC

Org PageRecipient Profile

Neptune, NJ

PURPOSE: SUPPORT

$37,660

THE COMMUNITY HOSPITAL GROUP INC

Org PageRecipient Profile

Edison, NJ

PURPOSE: SUPPORT

$36,370

JFK MEDICAL CENTER FOUNDATION INC

Org PageRecipient Profile

Neptune, NJ

PURPOSE: SUPPORT

$18,798
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Hackensack Meridian Health Inc has recieved totaling $60,000.

Awarding OrganizationAmount
Community Foundation Of New Jersey

Morristown, NJ

PURPOSE: GRANT SUPPORT

$60,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,833,121
Net Contributions$1,610
Ending Balance$1,834,731

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