Hackensack Meridian Health Medical Group-One Medical Pc
- Assets
- $72.5m
- Revenue
- $149.0m
- Investments
- $0.0
- Employees
- 274
- Location
- Edison, NJ
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 14-1981647
Organization Overview
Hackensack Meridian Health Medical Group-One Medical Pc is located in Edison, NJ. The organization was established in 2009. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Hackensack Meridian Health Medical Group-One Medical Pc employed 274 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hackensack Meridian Health Medical Group-One Medical Pc 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 Medical Group-One Medical Pc generated $149.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $149.0m during the year ending 12/2022. While expenses have increased by 16.4% per year over the past 8 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
THE CORPORATION WILL FURTHER THE CHARITABLE AND HEALTHCARE PURPOSES OF HACKENSACK MERIDIAN HEALTH, INC. AND ITS INTERNAL REVENUE CODE 501(C)(3) TAX-EXEMPT AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES DIRECTLY TO PATIENTS THROUGH THE PHYSICIANS EMPLOYED BY THE CORPORATION. ALSO, PROVIDING ADMINISTRATIVE, SUPERVISORY, TEACHING, COVERAGE AND RESEARCH SERVICES TO HMH HOSPITALS CORPORATION; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, IN FURTHERANCE OF ITS PRIMARY TAX-EXEMPT PURPOSE IN PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY. ACCORDINGLY, THE CORPORATION IS AN INTEGRAL PART OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK.
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 |
|---|---|---|---|
Simon Salerno MD Physician | 55 | $1,989,483 | |
Shabbar Danish Physician | 55 | $1,361,358 | |
Thomas Bauer Physician | 2.5 | $1,144,062 | |
James Clarke MD Vice President & Secretary | OfficerTrustee | 55 | $0 |
Jatin Desani Physician | 55 | $1,022,386 | |
Aasim Kazmi Physician | 55 | $1,003,192 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cardiac Care Center Llc Medical | 12/30/17 | $1,524,016 |
Atlantic Hematology Oncology Assoc Medical | 12/30/17 | $1,760,735 |
Medical Assoc Of Ocean County Medical | 12/30/17 | $2,156,589 |
Jersey Coast Vascular Assoc Pa Medical | 12/30/17 | $2,169,194 |
Healthy Woman Obgyn Medical | 12/30/17 | $1,724,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $48,241,345 |
| Government grants | $12,362 |
| 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 | $48,253,707 |
| Total Program Service Revenue | $100,752,517 |
| Investment income | $38,029 |
| 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 | $149,044,253 |
| 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 | $91,214,388 |
| Pension plan accruals and contributions | $1,344,960 |
| Other employee benefits | $3,010,565 |
| Payroll taxes | $2,739,868 |
| Fees for services: Management | $40,279,975 |
| Fees for services: Legal | $4,960 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,224,406 |
| Advertising and promotion | $0 |
| Office expenses | $113,536 |
| Information technology | $1,064 |
| Royalties | $0 |
| Occupancy | $136,305 |
| Travel | $113,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $264,919 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,535,255 |
| All other expenses | $11,573 |
| Total functional expenses | $149,044,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,393,079 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,495,380 |
| 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 | $1,205,753 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,382,227 |
| Total assets | $72,476,439 |
| Accounts payable and accrued expenses | $6,646,255 |
| Grants payable | $0 |
| Deferred revenue | $27,355 |
| 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 | $284,650 |
| Total liabilities | $6,958,260 |
| Net assets without donor restrictions | $65,518,179 |
| 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 | $72,476,439 |