Rwj Barnabas Health Inc
- Assets
- $770.0m
- Revenue
- $542.4m
- Investments
- $0.0
- Employees
- 3,634
- Location
- Long Branch, NJ
- Founding
- 02/1997
- Data as of
- 12/2018
- EIN
- 22-3452412
Organization Overview
Rwj Barnabas Health Inc is located in Long Branch, NJ. The organization was established in 1997. 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 12/2018, Rwj Barnabas Health Inc employed 3,634 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rwj Barnabas 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.
For the year ending 12/2018, Rwj Barnabas Health Inc generated $542.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $487.8m during the year ending 12/2018. While expenses have increased by 1.8% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET THE HEALTHCARE NEEDS OF OUR COMMUNITY BY PROVIDING COST-EFFECTIVE QUALITY CARE, TO EDUCATE HEALTHCARE PROVIDERS & TO PROVIDE CONTINUUM OF REGIONAL TERTIARY CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY ONCOLOGY SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THE ORGANIZATION PERFORMED 13,320 ONCOLOGY SERVICES PROCEDURES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY PSYCHIATRY SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THE ORGANIZATION TREATED 17,658 PSYCHIATRIC SERVICES PROCEDURES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY OBSTETRICS SERVICES PROCEDURES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. DURING 2018 THE ORGANIZATION PERFORMED 7,984 OBSTETRICS SERVICES PROCEDURES. 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 |
|---|---|---|---|
Robert P Herrmann Chairman - Trustee | OfficerTrustee | 1 | $0 |
Raymond F Shea Jr ESQ Vice Chairman - Trustee | OfficerTrustee | 1 | $0 |
Ann Unterberg Vice Chair - Trustee | OfficerTrustee | 1 | $0 |
Frank Ciesla ESQ Secretary - Trustee | OfficerTrustee | 1 | $0 |
John W Heavey Treasurer - Trustee | OfficerTrustee | 1 | $0 |
Anthony P Terracciano Treasurer - Trustee | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Jersey Laborist Group Llc Medical | 12/30/18 | $1,721,500 |
Barnabas Health Inc Management | 12/30/18 | $53,328,306 |
Sbc Management Corporation Management | 12/30/18 | $5,922,848 |
Quest Diagnostics Incorporated Medical | 12/30/18 | $1,458,242 |
Emergency Medical Associates Of Nj Medical | 12/30/18 | $1,280,336 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $577,626 |
| Government grants | $6,899,595 |
| 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 | $7,477,221 |
| Total Program Service Revenue | $530,243,212 |
| Investment income | $2,931,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $270,806 |
| Net Gain/Loss on Asset Sales | $311,737 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,448,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $392,893 |
| 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. | $6,707,894 |
| Compensation of current officers, directors, key employees. | $670,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,705,019 |
| Pension plan accruals and contributions | $7,837,006 |
| Other employee benefits | $8,456,566 |
| Payroll taxes | $14,375,753 |
| Fees for services: Management | $59,251,155 |
| Fees for services: Legal | $10,549 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $38,802 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,331,988 |
| Advertising and promotion | $12,594 |
| Office expenses | $8,701,810 |
| Information technology | $2,035,480 |
| Royalties | $0 |
| Occupancy | $6,011,144 |
| Travel | $253,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,053 |
| Interest | $7,037,656 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,997,183 |
| Insurance | $7,507,081 |
| All other expenses | $353,035 |
| Total functional expenses | $487,820,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,415 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,762,973 |
| Accounts receivable, net | $48,337,092 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,775,123 |
| Prepaid expenses and deferred charges | $4,368,785 |
| Net Land, buildings, and equipment | $128,422,056 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $46,353,794 |
| Intangible assets | $0 |
| Other assets | $526,019,375 |
| Total assets | $770,048,613 |
| Accounts payable and accrued expenses | $44,248,953 |
| Grants payable | $0 |
| Deferred revenue | $839,786 |
| 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 | $192,513 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $254,364,143 |
| Total liabilities | $299,645,395 |
| Unrestricted restricted net Assets | $430,388,218 |
| Temporarily restricted net Assets | $32,346,000 |
| Permanently restricted net Assets or current funds | $7,669,000 |
| 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 | $470,403,218 |
Grants Awarded
Over the last fiscal year, Rwj Barnabas Health Inc has awarded $266,121 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AHAVAS TZEDAKAH INC PURPOSE: SPONSORSHIP | $100,000 |
WALL TOWNSHIP PBA LOCAL 234 CIVIC PURPOSE: SPONSORSHIP | $50,000 |
HABITAT FOR HUMANITY IN MONMOUTH COUNTY PURPOSE: SPONSORSHIP | $30,241 |
LONG BRANCH COMMUNITY FUND INC PURPOSE: SPONSORSHIP | $15,000 |
MONMOUTH UNIVERSITY PURPOSE: SPONSORSHIP | $11,500 |
ROBERT WOOD JOHNSON UNIVERSITY HOSPITAL PURPOSE: SPONSORSHIP | $12,500 |