Saint Peters Healthcare System Physician Associates
- Assets
- $8.4m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 101
- Location
- New Brunswick, NJ
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 27-4645523
Organization Overview
Saint Peters Healthcare System Physician Associates is located in New Brunswick, NJ. The organization was established in 2018. As of 12/2021, Saint Peters Healthcare System Physician Associates employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Peters Healthcare System Physician Associates 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 12/2021, Saint Peters Healthcare System Physician Associates generated $8.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $15.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 5 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF SAINT PETER'S UNIVERSITY HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORG.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF SAINT PETER'S UNIVERSITY HOSPITAL; 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 |
|---|---|---|---|
Andrew Camerota MD Physician | 55 | $481,040 | |
Michael L Carlucci MD Physician | 55 | $436,432 | |
Charles D Franco MD Physician | 55 | $409,352 | |
Mahmoud El-Banna MD Physician | 55 | $392,346 | |
Aijaz Hussain MD Physician | 55 | $303,647 | |
Susan A Mcmanus MD Pres.-Trustee(termed 03/31/21) | OfficerTrustee | 55 | $127,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heart Vascular Institute Of Centr Medical | 12/30/18 | $789,373 |
Heart Vascular Center Of New Brun Medical | 12/30/18 | $115,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $173,550 |
| 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 | $173,550 |
| Total Program Service Revenue | $8,104,823 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$12,517 |
| Net Gain/Loss on Asset Sales | $4,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,270,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,469 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,281 |
| Compensation of current officers, directors, key employees. | $30,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,043,801 |
| Pension plan accruals and contributions | $270,567 |
| Other employee benefits | $799,986 |
| Payroll taxes | $429,800 |
| Fees for services: Management | $362,247 |
| 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 | $133,279 |
| Advertising and promotion | $0 |
| Office expenses | $192,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,014,133 |
| Travel | $17,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305,019 |
| Insurance | $114,673 |
| All other expenses | $699,947 |
| Total functional expenses | $15,396,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $194,336 |
| 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 | $108,009 |
| Net Land, buildings, and equipment | $1,230,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,595,222 |
| Total assets | $8,436,959 |
| Accounts payable and accrued expenses | $1,367,352 |
| 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 | $3,251,489 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85,234,677 |
| Total liabilities | $89,853,518 |
| Net assets without donor restrictions | -$81,416,559 |
| 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 | $8,436,959 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Saint Peters Healthcare System Physician Associates has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Rk And Lrs Foundation Inc Forest Hills, NY PURPOSE: TO SUPPORT HEALTHCARE SYSTEM | $750 |
Rk And Lrs Foundation Inc Forest Hills, NY PURPOSE: TO SUPPORT HEALTHCARE SYSTEM | $750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooks-Tlc Hospital System Inc Dunkirk, NY | $43,332,954 | $53,462,246 |
Enterprise Community Development Inc Columbia, MD | $150,433,261 | $43,987,858 |
The Actors Fund Of America New York, NY | $147,965,954 | $61,544,838 |
Dexter Southfield Inc Brookline, MA | $119,216,504 | $58,438,330 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Goodwill Easter Seals Miami Valley Dayton, OH | $85,565,204 | $56,204,309 |
American Federation Of State County & Municipal Employees New York, NY | $77,027,109 | $53,363,394 |
Chesapeake Regional Information System For Our Patients Inc Columbia, MD | $18,949,461 | $51,004,961 |
New York Armenian Home Inc Forest Hills, NY | $920,237 | $91,924 |
Citihope International Inc Margaretsville, NY | $17,709,063 | $34,849,219 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |