Jfk Medical Associates Pa
- Assets
- $9.2m
- Revenue
- $65.5m
- Investments
- $0.0
- Employees
- 22
- Location
- Edison, NJ
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 46-2219798
Organization Overview
Jfk Medical Associates Pa is located in Edison, NJ. The organization was established in 2016. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Jfk Medical Associates PA employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jfk Medical Associates PA 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, Jfk Medical Associates PA generated $65.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $65.5m during the year ending 12/2021. While expenses have increased by 8.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
JFK MEDICAL ASSOCIATES, P.A. IS COMMITTED TO EXCELLENCE IN PROVIDING QUALITY AND COMPASSIONATE HEALTHCARE SERVICES TO DIVERSE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES DIRECTLY TO PATIENTS THROUGH THE PHYSICIANS EMPLOYED BY THE CORPORATION. ACCORDINGLY, THE CORPORATION IS AN INTEGRAL PART OF HACKENSACK MERIDIAN HEALTH; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK.
PROVIDING ADMINISTRATIVE, SUPERVISORY, TEACHING, COVERAGE AND RESEARCH SERVICES TO THE COMMUNITY HOSPITAL GROUP; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, IN FURTHERANCE OF ITS PRIMARY TAX-EXEMPT PURPOSE IN PROVIDING MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, RELIGION OR ABILITY TO PAY.
PROMOTE A CLINICALLY INTEGRATED NETWORK OF HEALTH CARE PROVIDERS WITH THE GOAL OF IMPROVING HEALTH OUTCOMES, REDUCING HEALTH CARE COSTS, AND ENHANCING PATIENT EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian J Molk MD Physician | 55 | $436,997 | |
Richard B Bullock MD Physician | 55 | $385,663 | |
Elaine Melamud MD Physician | 55 | $385,139 | |
Jonathan C Dunn Physician | 55 | $361,077 | |
Sangeeta Agarwal MD Physician | 55 | $338,306 | |
William F Oser MD Trustee - President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Associates Of Central Jersey Medical | 12/30/18 | $4,506,852 |
Saleem Husain Md Medical | 12/30/18 | $3,475,120 |
Raritan Bay Cardiology Group Medical | 12/30/18 | $7,721,486 |
Gregory J Shypula Md Pa Medical | 12/30/18 | $3,428,172 |
Primecare Med Group Pa Medical | 12/30/18 | $5,180,977 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $65,166,652 |
| Investment income | $8,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $344,502 |
| Net Gain/Loss on Asset Sales | $6,285 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,526,016 |
| 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 | $46,663,612 |
| Pension plan accruals and contributions | $128,433 |
| Other employee benefits | $4,470,359 |
| Payroll taxes | $219,442 |
| Fees for services: Management | $7,938,414 |
| 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 | $2,132,664 |
| Advertising and promotion | $0 |
| Office expenses | $5,253 |
| Information technology | $7,582 |
| Royalties | $0 |
| Occupancy | $3,591,032 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,385 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,530 |
| Insurance | $179,897 |
| All other expenses | $0 |
| Total functional expenses | $65,526,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,187,381 |
| 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 | $387,638 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,647,573 |
| Total assets | $9,222,592 |
| Accounts payable and accrued expenses | $9,450,730 |
| 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 | $219,711 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,510,788 |
| Total liabilities | $11,181,229 |
| Net assets without donor restrictions | -$1,958,637 |
| 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 | $9,222,592 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jfk Medical Associates Pa has recieved totaling $23,339,820.
| Awarding Organization | Amount |
|---|---|
Hackensack Meridian Health Inc Edison, NJ PURPOSE: Subsidy | $23,339,820 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lawrence Medical Associates Pc Bronxville, NY | $43,959,801 | $93,174,617 |
Beebe Physican Network Inc Lewes, DE | $13,499,418 | $49,763,714 |
Carnegie Cardiovascular Pc Westbury, NY | $1,096,228 | $75,454,558 |
Pinnacle Health Regional Physicians Harrisburg, PA | $6,138,085 | $78,224,269 |
Trinity Medical Wny Pc Buffalo, NY | $24,179,434 | $52,294,640 |
Jfk Medical Associates Pa Edison, NJ | $9,222,592 | $65,526,016 |
Crouse Medical Practice Pllc Syracuse, NY | $6,246,472 | $39,486,299 |
Princeton Healthcare Affiliated Physicians Pc Plainsboro, NJ | $4,748,844 | $53,586,457 |
Charles B Wang Community Health Center Inc New York, NY | $110,483,270 | $118,467,923 |
Brooklyn Ambulatory Care Pc Westbury, NY | $0 | $53,362,368 |
Phelps Medical Services Pc Sleepy Hollow, NY | $9,407,436 | $48,861,957 |
Amboy Medical Practice Pc Staten Island, NY | $10,020,483 | $37,058,255 |