Hackensack Meridian School Of Medicine A Nj Nonprofit Corporatio
- Assets
- $53.7m
- Revenue
- $22.7m
- Investments
- $0.0
- Employees
- 97
- Location
- Edison, NJ
- Founding
- 09/2018
- Data as of
- 06/2021
- EIN
- 81-3872529
Organization Overview
Hackensack Meridian School Of Medicine A Nj Nonprofit Corporatio 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 06/2021, Hackensack Meridian School Of Medicine A NJ Nonprofit Corporatio employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hackensack Meridian School Of Medicine A NJ Nonprofit Corporatio 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 06/2021, Hackensack Meridian School Of Medicine A NJ Nonprofit Corporatio generated $22.7m in total revenue. All expenses for the organization totaled $25.8m during the year ending 06/2021. While expenses have increased by 40.7% per year over the past 4 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miriam Hoffman Associate Dean- Academic Affairs | 40 | $185,058 | |
Ellen Hagopian Director-Surgery Clerkship | 40 | $169,241 | |
Stanley Terlecky Associate Dean - Research/chair M.d. | 40 | $154,321 | |
Mukundha Maneyapanda Associate Director-Clinical Skills | 40 | $151,521 | |
Deborah Ebbert Manager, Office Of Registrar | 40 | $151,267 | |
Robert C Garrett Fache Trustee - Ceo, Hackensack Meridian Health | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,837,641 |
| 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 | $3,837,641 |
| Total Program Service Revenue | $18,090,752 |
| 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 | $22,703,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,608,734 |
| 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 | $9,230,172 |
| Pension plan accruals and contributions | $241,363 |
| Other employee benefits | $837,085 |
| Payroll taxes | $645,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $334,695 |
| Fees for services: Accounting | $193,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $948,951 |
| Advertising and promotion | $18,556 |
| Office expenses | $104,815 |
| Information technology | $220,779 |
| Royalties | $0 |
| Occupancy | $3,076,251 |
| Travel | $305,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,226 |
| Interest | $98,142 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $424,101 |
| Insurance | $2,904 |
| All other expenses | $88,409 |
| Total functional expenses | $25,759,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,515,446 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $393,167 |
| Net Land, buildings, and equipment | $8,358,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $25,847,906 |
| Intangible assets | $0 |
| Other assets | $3,568,919 |
| Total assets | $53,683,933 |
| Accounts payable and accrued expenses | $434,059 |
| 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 | $38,823,854 |
| Total liabilities | $43,757,913 |
| Net assets without donor restrictions | -$15,973,403 |
| Net assets with donor restrictions | $25,899,423 |
| 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 | $53,683,933 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hackensack Meridian School Of Medicine A Nj Nonprofit Corporatio has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Ernst & Young Foundation New York, NY PURPOSE: Donor Advised Fd | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $757,028,043 | $202,994,752 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |
Touro University New York, NY | $112,668,496 | $69,634,843 |
Albany College Of Pharmacy And Health Sciences Albany, NY | $159,389,370 | $62,205,490 |
Salus University Elkins Park, PA | $71,855,290 | $53,963,466 |
Geisinger Commonwealth School Of Medicine Danville, PA | $148,792,015 | $48,699,077 |
American College King of Prussia, PA | $101,126,239 | $39,801,880 |
Albany Law School Albany, NY | $122,483,245 | $40,164,228 |