Hackensack Meridian Health Inc
- Assets
- $62.4m
- Revenue
- $20.7m
- Investments
- $0.0
- Employees
- 116
- Location
- Edison, NJ
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 81-3872529
Organization Overview
Hackensack Meridian Health Inc is located in Edison, NJ. The organization was established in 2018. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2022, Hackensack Meridian Health Inc employed 116 individuals. 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 12/2022, Hackensack Meridian Health Inc generated $20.7m in total revenue. All expenses for the organization totaled $20.4m during the year ending 12/2022. While expenses have increased by 20.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A MEDICAL SCHOOL DEDICATED TO EXCELLENCE IN THE TRIPARTITE ACADEMIC MEDICAL MISSIONS OF EDUCATION, SCIENTIFIC RESEARCH, AND CLINICAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE TRIPARTITE ACADEMIC MEDICAL MISSIONS OF EDUCATION, SCIENTIFIC RESEARCH, AND CLINICAL CARE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Garrett Fache Trustee - Ceo, Hackensack Meridian Health | OfficerTrustee | 3 | $0 |
Jeffrey Boscamp Dean | Officer | 40 | $0 |
Miriam Hoffman Associate Dean- Academic Affairs | 40 | $517,288 | |
Stanley Terlecky Associate Dean - Research/chair M.d. | 40 | $404,371 | |
John Schiavone Assoc Dean, Finance And Ops | 40 | $339,889 | |
Lorraine Sullivan Assoc Dean, Stdnt Affairs/well | 40 | $288,336 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,829,042 |
| 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 | $4,829,042 |
| Total Program Service Revenue | $15,712,938 |
| 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 | $20,661,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,883,663 |
| 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 | $6,772,653 |
| Pension plan accruals and contributions | $157,329 |
| Other employee benefits | $817,719 |
| Payroll taxes | $325,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,891 |
| Fees for services: Accounting | $139,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $599,105 |
| Advertising and promotion | $50,131 |
| Office expenses | $67,276 |
| Information technology | $231,845 |
| Royalties | $0 |
| Occupancy | $1,542,874 |
| Travel | $107,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,794 |
| Interest | $95,479 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $904,253 |
| Insurance | $22,780 |
| All other expenses | $435,839 |
| Total functional expenses | $20,430,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,534,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,721,659 |
| Accounts receivable, net | $16,938,019 |
| 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 | $554,000 |
| Net Land, buildings, and equipment | $15,577,283 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $12,031,049 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,356,147 |
| Accounts payable and accrued expenses | $20,344,239 |
| Grants payable | $0 |
| Deferred revenue | $4,500,000 |
| 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 | $4,584,773 |
| Total liabilities | $29,429,012 |
| Net assets without donor restrictions | $20,844,570 |
| Net assets with donor restrictions | $12,082,565 |
| 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 | $62,356,147 |