Kennedy University Hospital Inc
- Assets
- $1.2b
- Revenue
- $577.0m
- Investments
- $0.0
- Employees
- 5,012
- Location
- Philadelphia, PA
- Founding
- 07/1965
- Data as of
- 06/2020
- EIN
- 22-1773439
Kennedy University Hospital Inc 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 06/2020, Jefferson Health - New Jersey employed 5,012 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Jefferson Health - New Jersey generated $577.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $668.7m during the year ending 06/2020. While expenses have increased by 4.8% per year over the past 5 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 27 individual grants totaling $22,717,405. 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
2020
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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Kennedy University Hospital Inc Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph W Devine Fache Trustee - Pres/ceo(term 03/20) | OfficerTrustee | 55 | $1,066,946 |
Anthony Wehbe DO MBA Facoi Svp, Physician Executive | 55 | $635,495 | |
Edward Sullivan ESQ Svp/gen. Counsel (term 12/19) | Officer | 55 | $605,294 |
Jill C Ostrem SVP Operations (term 04/2020) | 55 | $566,582 | |
Thomas J Balcavage SVP Technology & Program Svcs | 55 | $457,953 | |
Kelly A Walenda ESQ SVP Legal Services | Officer | 55 | $439,365 |
Kennedy University Hospital Inc Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Jefferson University Corporate Svcs | 6/29/20 | $127,782,723 |
Lf Driscoll Company Llc Construction | 6/29/20 | $49,210,787 |
P Agnes Inc Construction | 6/29/20 | $33,349,086 |
Rowan University Residency/medical | 6/29/20 | $17,867,945 |
Rehab Professional Service Inc Medical | 6/29/20 | $5,042,258 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,937,654 |
| 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 | $58,937,654 |
| Total Program Service Revenue | $508,121,760 |
| Investment income | $5,021,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,273,449 |
| Net Gain/Loss on Asset Sales | $3,660,369 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $577,049,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,934 |
| 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. | $3,227,862 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,258,089 |
| Pension plan accruals and contributions | $9,754,697 |
| Other employee benefits | $50,046,671 |
| Payroll taxes | $13,647,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,094,180 |
| Fees for services: Accounting | $343,849 |
| Fees for services: Lobbying | $82,482 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $453,827 |
| Fees for services: Other | $94,275,943 |
| Advertising and promotion | $2,785,330 |
| Office expenses | $9,161,562 |
| Information technology | $9,978,697 |
| Royalties | $0 |
| Occupancy | $10,951,075 |
| Travel | $713,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,814 |
| Interest | $10,654,748 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,854,873 |
| Insurance | $3,109,539 |
| All other expenses | $10,888,787 |
| Total functional expenses | $668,656,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,875 |
| Savings and temporary cash investments | $15,279,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,216,799 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,047,748 |
| Prepaid expenses and deferred charges | $1,833,578 |
| Net Land, buildings, and equipment | $608,707,838 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $437,696,746 |
| Intangible assets | $6,008,402 |
| Other assets | $21,000,153 |
| Total assets | $1,169,795,148 |
| Accounts payable and accrued expenses | $55,161,715 |
| Grants payable | $0 |
| Deferred revenue | $97,620 |
| 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 | $1,026,940 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $737,288,664 |
| Total liabilities | $793,574,939 |
| Net assets without donor restrictions | $376,220,209 |
| 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 | $1,169,795,148 |
Kennedy University Hospital Inc Grants Awarded
Over the last fiscal year, Kennedy University Hospital Inc has awarded $50,556 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: PROGRAM SUPPORT | $13,500 |
Philadelphia, PA PURPOSE: PROGRAM SUPPORT | $10,031 |
New York, NY PURPOSE: PROGRAM SUPPORT | $10,000 |
Mount Laurel, NJ PURPOSE: PROGRAM SUPPORT | $6,275 |
Mount Laurel, NJ PURPOSE: PROGRAM SUPPORT | $5,500 |
Marlton, NJ PURPOSE: PROGRAM SUPPORT | $5,250 |
Kennedy University Hospital Inc Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kennedy University Hospital Inc has recieved totaling $270,000.
| Awarding Organization | Amount |
|---|---|
Methodist Hospital Fdn Philadelphia, PA PURPOSE: PROGRAM SUPPORT | $135,000 |
Methodist Hospital Fdn Philadelphia, PA PURPOSE: PROGRAM SUPPORT | $135,000 |
Kennedy University Hospital Inc Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Valley Hospital Dayton, OH | $1,540,725,759 | $1,204,039,189 |
Reading Hospital Reading, PA | $1,183,713,752 | $1,035,019,113 |
St Lukes Hospital Allentown, PA | $2,817,061,751 | $982,677,854 |
Abington Memorial Hospital Philadelphia, PA | $957,526,497 | $866,047,638 |
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $812,689,177 | $973,479,342 |
Newyork-Presbyterian-Queens Flushing, NY | $712,392,894 | $841,266,953 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,963,582,802 | $962,946,513 |
Kettering Medical Center Miamisburg, OH | $1,528,623,571 | $946,867,588 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
St Francis Hospital United States Catholic Conference Roslyn, NY | $1,306,003,016 | $868,766,076 |
Rwj Barnabas Health Inc Livingston, NJ | $1,606,957,926 | $871,885,801 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $634,395,634 | $853,444,961 |
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