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.
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 |
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 |
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 |
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 |
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 |
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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