Rwj Barnabas Health Inc
- Assets
- $1.6b
- Revenue
- $871.9m
- Investments
- $0.0
- Employees
- 4,970
- Location
- Livingston, NJ
- Founding
- 05/1984
- Data as of
- 12/2018
- EIN
- 22-1494440
Organization Overview
Rwj Barnabas Health Inc is located in Livingston, NJ. The organization was established in 1984. 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 12/2018, Rwj Barnabas Health Inc employed 4,970 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 $871.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $810.3m during the year ending 12/2018. While expenses have increased by 4.9% 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PURSUE DELIVERY OF PRIMARY, SECONDARY & TERTIARY HEALTH SVCS WHILE CONSISTENTLY MEETING THE HIGHEST QUALITY OF CARE AND MEETING OUR CUSTOMERS EXPECATIONS & SATISFACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY 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 15,084 ENCOUNTERS. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY CARDIOVASCULAR 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 18,503 ENCOUNTERS. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY 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 3,909 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 |
|---|---|---|---|
Bruce Schonbraun Chairman - Trustee | OfficerTrustee | 1 | $0 |
David A Mebane ESQ Secretary - Trustee | OfficerTrustee | 55 | $0 |
Kathy Brand Trustee | Trustee | 1 | $0 |
Stephen Crane MD Trustee | Trustee | 1 | $0 |
Stuart Geffner MD Trustee | Trustee | 50 | $788,122 |
Gregg Gottsegen Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barnabas Health Inc Management | 12/30/18 | $85,556,257 |
Wm Blanchard Co Construction | 12/30/18 | $15,211,265 |
Sodexo Incorporated And Affiliates Food/management | 12/30/18 | $28,004,590 |
Nj Organ And Tissue Sharing Network Organ Procurement | 12/30/18 | $9,656,194 |
Sbc Management Corporation Management | 12/30/18 | $9,502,209 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $868,969 |
| Related organizations | $0 |
| Government grants | $652,458 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,810,103 |
| Noncash contributions included in lines 1a–1f | $29,161 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,331,530 |
| Total Program Service Revenue | $862,628,325 |
| Investment income | $465,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,329,031 |
| Net Gain/Loss on Asset Sales | -$13,018 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $27,550 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $871,885,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,499 |
| Grants and other assistance to domestic individuals. | $46,340 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,721,063 |
| Compensation of current officers, directors, key employees. | $672,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,644,424 |
| Pension plan accruals and contributions | $13,439,508 |
| Other employee benefits | $15,305,530 |
| Payroll taxes | $23,198,211 |
| Fees for services: Management | $95,058,466 |
| Fees for services: Legal | $266,579 |
| Fees for services: Accounting | $18,114 |
| Fees for services: Lobbying | $44,038 |
| Fees for services: Fundraising | $273,555 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,863,723 |
| Advertising and promotion | $537,169 |
| Office expenses | $12,696,982 |
| Information technology | $2,237,731 |
| Royalties | $0 |
| Occupancy | $6,825,081 |
| Travel | $393,286 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $141,576 |
| Interest | $13,577,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,354,963 |
| Insurance | $10,053,662 |
| All other expenses | $17,332,104 |
| Total functional expenses | $810,344,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,652 |
| Savings and temporary cash investments | $4,276,237 |
| Pledges and grants receivable | $8,641,413 |
| Accounts receivable, net | $86,791,173 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,896,706 |
| Prepaid expenses and deferred charges | $7,125,495 |
| Net Land, buildings, and equipment | $360,351,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $31,489,079 |
| Intangible assets | $5,716,658 |
| Other assets | $1,090,642,809 |
| Total assets | $1,606,957,926 |
| Accounts payable and accrued expenses | $65,422,158 |
| Grants payable | $0 |
| Deferred revenue | $216,318 |
| 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 | $23,996,822 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $449,684,940 |
| Total liabilities | $539,320,238 |
| Unrestricted restricted net Assets | $1,036,390,688 |
| Temporarily restricted net Assets | $28,804,000 |
| Permanently restricted net Assets or current funds | $2,443,000 |
| 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 | $1,067,637,688 |