Kennedy University Hospital Inc
- Assets
- $1.2b
- Revenue
- $668.6m
- Investments
- $0.0
- Employees
- 4,688
- Location
- Philadelphia, PA
- Founding
- 07/1965
- Data as of
- 06/2021
- EIN
- 22-1773439
Organization Overview
Kennedy University Hospital Inc, operating under the name Jefferson Health - New Jersey, is located in Philadelphia, PA. The organization was established in 1965. 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 06/2021, Jefferson Health - New Jersey employed 4,688 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jefferson Health - New Jersey 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, Jefferson Health - New Jersey generated $668.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $657.1m during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 6 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.
Since 2015, Jefferson Health - New Jersey has awarded 35 individual grants totaling $22,788,461. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF KENNEDY UNIVERSITY HOSPITAL, INC. IS TO IMPROVE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING EMERGENCY AND MEDICALLY NECESSARY HEALTHCARE 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph W Devine Fache Former Officer | 0 | $761,068 | |
Ricardo Perez DO JD Facoi VP Jmg | 55 | $524,443 | |
Henry R Schuitema DO Er Physician | 55 | $519,684 | |
Anthony Wehbe DO MBA Facoi Svp, Physician Executive | 55 | $503,460 | |
Thomas J Balcavage SVP Technology & Program Svcs | 55 | $406,662 | |
Joseph G Gambale DO Hospitalist | 55 | $381,621 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
P Agnes Inc Construction | 6/29/21 | $77,543,505 |
Lf Driscoll Company Llc Construction | 6/29/21 | $59,604,722 |
Thomas Jefferson University Corporate Svcs | 6/29/21 | $126,733,961 |
Rowan University Residency/medical | 6/29/21 | $18,891,994 |
Engie Insight Services Inc Consulting | 6/29/21 | $6,969,043 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,123,748 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,237,722 |
| Total Program Service Revenue | $620,718,668 |
| Investment income | -$84,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,132,924 |
| Net Gain/Loss on Asset Sales | $13,593,761 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $668,598,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,894 |
| 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. | $823,747 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256,345,953 |
| Pension plan accruals and contributions | $8,969,768 |
| Other employee benefits | $34,481,226 |
| Payroll taxes | $20,427,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,892,526 |
| Fees for services: Accounting | $343,560 |
| Fees for services: Lobbying | $77,782 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $159,374 |
| Fees for services: Other | $119,026,389 |
| Advertising and promotion | $2,993,354 |
| Office expenses | $11,316,544 |
| Information technology | $10,836,845 |
| Royalties | $0 |
| Occupancy | $13,031,274 |
| Travel | $276,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,581 |
| Interest | $8,446,570 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,450,084 |
| Insurance | $5,647,511 |
| All other expenses | $7,101,613 |
| Total functional expenses | $657,075,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,984,017 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,603,019 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,542,566 |
| Prepaid expenses and deferred charges | $1,077,635 |
| Net Land, buildings, and equipment | $722,958,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $345,219,449 |
| Intangible assets | $5,658,398 |
| Other assets | $61,786,339 |
| Total assets | $1,241,829,856 |
| Accounts payable and accrued expenses | $80,722,486 |
| Grants payable | $0 |
| Deferred revenue | $375,568 |
| 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 | $60,993 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $698,953,281 |
| Total liabilities | $780,112,328 |
| Net assets without donor restrictions | $461,717,528 |
| 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 | $1,241,829,856 |
Grants Awarded
Over the last fiscal year, Kennedy University Hospital Inc has awarded $20,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Voorhees, NJ PURPOSE: PROGRAM SUPPORT | $12,000 |
CHERRY HILL TOWNSHIP PURPOSE: PROGRAM SUPPORT | $8,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kennedy University Hospital Inc has recieved totaling $71,571.
| Awarding Organization | Amount |
|---|---|
Methodist Hospital Fdn Philadelphia, PA PURPOSE: PROGRAM SUPPORT | $71,571 |
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 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
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 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
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 |