Kennedy University Hospital Inc
- Assets
- $1.2b
- Revenue
- $722.1m
- Investments
- $0.0
- Employees
- 4,970
- Location
- Philadelphia, PA
- Founding
- 07/1965
- Data as of
- 06/2022
- 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 06/2022, Jefferson Health - New Jersey employed 4,970 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 06/2022, Jefferson Health - New Jersey generated $722.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $698.4m during the year ending 06/2022. While expenses have increased by 4.0% 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.
Since 2015, Jefferson Health - New Jersey has awarded 29 individual grants totaling $22,737,905. 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
2022
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 | $949,223 | |
Brian Sweeney RN MBA Fache Trustee - President/coo | OfficerTrustee | 55 | $0 |
Henry R Schuitema DO Er Physician | 55 | $668,441 | |
Thomas J Balcavage SVP Technology & Program Svcs | 55 | $390,370 | |
Carman Ciervo DO Facofp Former Officer | 0 | $0 | |
Helene Burns Dnp RN Nea-Bc Svp/chief Nursing Officer | Officer | 55 | $430,133 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Jefferson University Corporate Services | 6/29/22 | $108,484,090 |
P Agnes Inc Construction | 6/29/22 | $43,307,038 |
Rowan University Residency/medical | 6/29/22 | $18,140,563 |
Lf Driscoll Company Llc Construction | 6/29/22 | $7,145,245 |
Aramark Corporation Food Svcs/catering | 6/29/22 | $5,394,496 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,526,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,581,203 |
| Total Program Service Revenue | $707,752,577 |
| Investment income | $1,652,960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,630,465 |
| Net Gain/Loss on Asset Sales | $2,468,685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $722,110,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $132,778 |
| 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. | $886,671 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,452,580 |
| Pension plan accruals and contributions | $11,216,074 |
| Other employee benefits | $36,241,422 |
| Payroll taxes | $20,440,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,225,691 |
| Fees for services: Accounting | $316,671 |
| Fees for services: Lobbying | $100,604 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,124,410 |
| Advertising and promotion | $3,003,270 |
| Office expenses | $10,435,666 |
| Information technology | $11,454,324 |
| Royalties | $0 |
| Occupancy | $12,815,883 |
| Travel | $353,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $184,833 |
| Interest | $16,678,464 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,020,635 |
| Insurance | $3,631,685 |
| All other expenses | $12,113,199 |
| Total functional expenses | $698,423,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,058,127 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,973,563 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,802,203 |
| Prepaid expenses and deferred charges | $1,119,645 |
| Net Land, buildings, and equipment | $729,522,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $271,248,866 |
| Intangible assets | $5,308,394 |
| Other assets | $44,579,853 |
| Total assets | $1,180,613,061 |
| Accounts payable and accrued expenses | $83,605,960 |
| Grants payable | $0 |
| Deferred revenue | $37,359 |
| 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 | $2,771,799 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $618,658,376 |
| Total liabilities | $705,073,494 |
| Net assets without donor restrictions | $475,539,567 |
| 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 | $1,180,613,061 |
Grants Awarded
Over the last fiscal year, Kennedy University Hospital Inc has awarded $20,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMBER OF COMMERCE SOUTHERN NEW JERSEY PURPOSE: PROGRAM SUPPORT | $12,000 |
CHERRY HILL TOWNSHIP PURPOSE: PROGRAM SUPPORT | $8,500 |