Saint Peters University Hospital
- Assets
- $561.4m
- Revenue
- $579.9m
- Investments
- $0.0
- Employees
- 3,777
- Location
- New Brunswick, NJ
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 22-1487330
Organization Overview
Saint Peters University Hospital is located in New Brunswick, NJ. The organization was established in 1946. 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 12/2021, Saint Peters University Hospital employed 3,777 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Saint Peters University Hospital 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 12/2021, Saint Peters University Hospital generated $579.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $509.5m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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
THE ORGANIZATION IS COMMITTED TO HUMBLE SERVICE TO HUMANITY, ESPECIALLY THE POOR, THROUGH COMPETENCE AND GOOD STEWARDSHIP OF RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING INPATIENT, OUTPATIENT AND EMERGENCY MEDICALLY NECESSARY SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT (STATEMENT OF PROGRAM SERVICES) WHICH INCLUDES DETAILED INFORMATION REGARDING THE VARIOUS SERVICES PROVIDED BY THIS ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arkady Broder MD Gastroenterologist | 55 | $941,686 | |
David Jacob MD Cardiologist | 55 | $885,634 | |
Kianoush Sheykholeslami MD Otolaryngology Surgeon | 55 | $762,511 | |
Carlos Benito MD Chairman Obgyn | 55 | $745,026 | |
Andrew Korman MD Gastroenterologist | 55 | $721,902 | |
Gopal R Desai MD Trustee (termed 01/12/2021) | Trustee | 55 | $581,041 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security | 12/30/21 | $2,165,909 |
Mintz Levin Cohn Ferris Glovsky Legal | 12/30/21 | $1,846,408 |
Athenahealth Inc It/ehr | 12/30/21 | $1,319,601 |
Sills Cummis Gross Legal | 12/30/21 | $1,637,363 |
Symmetry Workforce Solutions Staffing | 12/30/21 | $3,362,881 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,214,433 |
| Government grants | $50,711,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $415,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,341,954 |
| Total Program Service Revenue | $506,000,117 |
| Investment income | $5,176,739 |
| Tax Exempt Bond Proceeds | $172,553 |
| Royalties | $0 |
| Net Rental Income | $2,572,851 |
| Net Gain/Loss on Asset Sales | $7,014 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $579,936,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,303 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $85,622 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,897,131 |
| Compensation of current officers, directors, key employees. | $640,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,843,605 |
| Pension plan accruals and contributions | $10,197,723 |
| Other employee benefits | $27,506,241 |
| Payroll taxes | $18,239,045 |
| Fees for services: Management | $2,444,135 |
| Fees for services: Legal | $4,212,343 |
| Fees for services: Accounting | $495,693 |
| Fees for services: Lobbying | $126,801 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $304,100 |
| Fees for services: Other | $33,500,647 |
| Advertising and promotion | $2,323,939 |
| Office expenses | $8,841,763 |
| Information technology | $175,153 |
| Royalties | $0 |
| Occupancy | $10,013,737 |
| Travel | $295,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,408 |
| Interest | $7,729,247 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,178,387 |
| Insurance | $5,702,594 |
| All other expenses | $6,930,793 |
| Total functional expenses | $509,478,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,172,136 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,666,480 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,563,380 |
| Prepaid expenses and deferred charges | $2,826,375 |
| Net Land, buildings, and equipment | $156,464,818 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $229,866,365 |
| Intangible assets | $1,172,579 |
| Other assets | $42,671,402 |
| Total assets | $561,403,535 |
| Accounts payable and accrued expenses | $60,864,650 |
| Grants payable | $0 |
| Deferred revenue | $364,103 |
| Tax-exempt bond liabilities | $121,939,635 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,330,382 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $208,873,765 |
| Total liabilities | $398,372,535 |
| Net assets without donor restrictions | $149,551,381 |
| Net assets with donor restrictions | $13,479,619 |
| 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 | $561,403,535 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Saint Peters University Hospital has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $100 |
Endowment Analysis
| Beg. Balance | $11,593,589 |
| Earnings | $1,881,030 |
| Net Contributions | $6,051 |
| Other Expense | $1,051 |
| Ending Balance | $13,479,619 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Bayhealth Medical Center Inc Dover, DE | $1,592,804,671 | $861,509,299 |