Rwj Barnabas Health Inc
- Assets
- $1.7b
- Revenue
- $1.3b
- Investments
- $0.0
- Employees
- 8,755
- Location
- New Brunswick, NJ
- Founding
- 03/1942
- Data as of
- 12/2018
- EIN
- 22-1487243
Organization Overview
Rwj Barnabas Health Inc is located in New Brunswick, NJ. The organization was established in 1942. 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 12/2020, Rwj Barnabas Health Inc employed 8,755 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rwj Barnabas 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 12/2018, Rwj Barnabas Health Inc generated $1.3b in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.3b during the year ending 12/2018. While expenses have increased by 2.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH & WELL-BEING OF THE PATIENTS & COMMUNITIES WE SERVE THROUGH HIGHEST QUALITY CARE,COMMUNITY OUTREACH, SCIENTIFIC RESEARCH & EDUCATION OF HEALTHCARE PROFESSIONALS.
Describe the Organization's Program Activity:
EXPENSES INCURRED IN PROVIDING ONCOLOGY SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THERE WERE 24,632 ENCOUNTERS. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING INPATIENT GENERAL SURGERY SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, OR ABILITY TO PAY. DURING 2018 THERE WERE 20,485 ENCOUNTERS. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING SAME DAY SURGERY SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THERE WERE 7,976 ENCOUNTERS. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Morris Chairman - Trustee | OfficerTrustee | 1 | $0 |
Paul V Stahlin Vice Chairman - Trustee | OfficerTrustee | 1 | $0 |
Deforest B Soaries Jr Secretary - Trustee | OfficerTrustee | 1 | $0 |
John A Hoffman ESQ Treasurer - Trustee | OfficerTrustee | 1 | $0 |
Dory B Altmann MD Trustee | Trustee | 55 | $0 |
Robert L Barchi MD PHD Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rutgers University Medical | 12/30/18 | $129,859,217 |
Barnabas Health Inc Management | 12/30/18 | $103,163,009 |
Wm Blanchard Company Construction | 12/30/18 | $22,727,127 |
Sbc Management Corporation Management | 12/30/18 | $11,457,683 |
Abbott Laboratories Inc Medical | 12/30/18 | $8,019,377 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,685,970 |
| Government grants | $714,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,470,901 |
| Total Program Service Revenue | $1,318,078,172 |
| Investment income | $3,572,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,720,923 |
| Net Gain/Loss on Asset Sales | $85,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,337,400,607 |
| 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. | $3,416,668 |
| Compensation of current officers, directors, key employees. | $341,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $461,481,826 |
| Pension plan accruals and contributions | $14,180,669 |
| Other employee benefits | $27,112,323 |
| Payroll taxes | $38,817,986 |
| Fees for services: Management | $114,620,692 |
| Fees for services: Legal | $2,303 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $72,090 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,389,757 |
| Advertising and promotion | $119,981 |
| Office expenses | $19,038,662 |
| Information technology | $7,093,967 |
| Royalties | $0 |
| Occupancy | $31,420,584 |
| Travel | $538,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,441,629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,676,301 |
| Insurance | $9,790,467 |
| All other expenses | $7,768,339 |
| Total functional expenses | $1,337,612,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,038 |
| Savings and temporary cash investments | $1,743,466 |
| Pledges and grants receivable | $570,330 |
| Accounts receivable, net | $141,790,882 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,214,201 |
| Prepaid expenses and deferred charges | $8,056,187 |
| Net Land, buildings, and equipment | $640,465,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $83,475,341 |
| Intangible assets | $0 |
| Other assets | $826,783,290 |
| Total assets | $1,728,122,918 |
| Accounts payable and accrued expenses | $106,980,482 |
| Grants payable | $0 |
| Deferred revenue | $5,837,591 |
| Tax-exempt bond liabilities | $195,473,337 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,626,147 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $488,136,064 |
| Total liabilities | $798,053,621 |
| Unrestricted restricted net Assets | $880,897,537 |
| Temporarily restricted net Assets | $36,594,824 |
| Permanently restricted net Assets or current funds | $12,576,936 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $930,069,297 |