Hackensack Meridian Health Inc
- Assets
- $7.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Hackensack, NJ
- Founding
- 09/1996
- Data as of
- 12/2015
- EIN
- 22-2989731
Organization Overview
Hackensack Meridian Health Inc is located in Hackensack, NJ. The organization was established in 1996. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hackensack Meridian 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DAYCARE AND EDUCATIONAL SERVICES FOR AFFILIATES AND EMPLOYEES OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM, WHICH INCLUDES HUMC, AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING DAYCARE AND EDUCATIONAL SERVICES PRIMARILY FOR AFFILIATES AND EMPLOYEES OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM, WHICH INCLUDES HACKENSACK UNIVERSITY MEDICAL CENTER AND THE COMMUNITY AT LARGE. THE ORGANIZATION PROMOTES, SUPPORTS AND FURTHERS THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF HACKENSACK UNIVERSITY MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony C Taccetta Jr Vice Chairman - Trustee | OfficerTrustee | 1 | $0 |
Joseph M Sanzari Chairman - Trustee | OfficerTrustee | 1 | $0 |
William J Montgoris Sec./treasurer - Trustee | OfficerTrustee | 1 | $0 |
Robert C Garrett Trustee - President/ceo | OfficerTrustee | 60 | $0 |
Richard M Winters MD Trustee | Trustee | 1 | $0 |
George T Croonquist Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,836 |
| 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 | $15,836 |
| Total Program Service Revenue | $1,806,651 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,822,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $350 |
| Advertising and promotion | $0 |
| Office expenses | $103,535 |
| Information technology | $392 |
| Royalties | $11,000 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,206 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,066,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,800 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,026,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,931,496 |
| Total assets | $6,960,915 |
| Accounts payable and accrued expenses | $2,199 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,477,707 |
| Total liabilities | $9,479,906 |
| Unrestricted restricted net Assets | -$2,526,921 |
| Temporarily restricted net Assets | $7,930 |
| Permanently restricted net Assets or current funds | $0 |
| 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 | -$2,518,991 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hackensack Meridian Health Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Blanche M And George L Watts Mountainside Community Foudation Westfield, NJ PURPOSE: GENERAL OPERATING EXPENSE | $2,500 |
Endowment Analysis
| Beg. Balance | $7,930 |
| Ending Balance | $7,930 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Main Line Health System Newtown Square, PA | $716,989,438 | $16,528,062 |
Albany Medical Center Saratoga Springs, NY | $17,328,223 | $18,761,699 |
Keystone Human Services Harrisburg, PA | $87,650,682 | $15,974,485 |
Metropolitan Medical Practice Plan Pc Bronx, NY | $6,076,770 | $14,643,918 |
Gslpg Inc Allentown, PA | $2,068,397 | $14,256,674 |
Wellspan Health Care Services York, PA | $27,111,355 | $16,698,867 |
Heritage Valley Health System Inc Beaver, PA | $119,093,589 | $30,915,024 |
Pittsburgh Mercy Health System Inc Pittsburgh, PA | $67,521,734 | $13,055,628 |
Glade Run Medical Associates Kittanning, PA | $1,611,141 | $7,978,684 |
Buffalo Niagara Medical Campus Inc Buffalo, NY | $98,865,415 | $10,408,874 |
Highmark Health Pittsburgh, PA | $7,929,072 | $9,317,844 |