Rwj Barnabas Health Inc
- Assets
- $8.4b
- Revenue
- $5.8b
- Investments
- $0.0
- Employees
- 35,874
- Location
- Oceanport, NJ
- Founding
- Data as of
- 12/2021
- EIN
- 85-1296795
Organization Overview
Rwj Barnabas Health Inc is located in Oceanport, NJ. 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 12/2021, Rwj Barnabas Health Inc employed 35,874 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 12/2021, Rwj Barnabas Health Inc generated $5.8b in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $5.8b during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 3 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 2020, Rwj Barnabas Health Inc has awarded 28 individual grants totaling $10,070,165. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RWJBARNABAS HEALTH IS ADVANCING INNOVATIVE STRATEGIES IN HIGH QUALITY PATIENT CARE, EDUCATION & RESEARCH TO ADDRESS BOTH THE CLINICAL & SOCIAL DETERMINANTS OF HEALTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING INPATIENT, OUTPATIENT, EMERGENCY AND VARIOUS OTHER MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY AND IN FURTHERANCE OF CHARITABLE TAX-EXEMPT PURPOSES. PLEASE REFER TO THE COMMUNITY BENEFIT STATEMENT IN SCHEDULE O.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anroy Ottley MD Physician - Jcmc | 55 | $2,655,708 | |
Patrick J Haughey COO - Cbmc | Officer | 55 | $1,239,787 |
Maureen Bueno SVP - Rwjuhnb (termed 7/2/21) | 55 | $1,010,685 | |
Sherwin Schrag MD Physician - Jcmc | 55 | $920,435 | |
Stuart Geffner MD Trustee - Cbmc | Trustee | 55 | $906,010 |
Gregory Rokosz MD SVP - Vpma - Cbmc | Officer | 55 | $836,338 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wm Blanchard Company Construction | 12/30/21 | $61,128,581 |
Barnabas Health Inc Management | 12/30/21 | $655,966,570 |
Abbott Laboratories Inc Medical | 12/30/21 | $18,010,068 |
Quest Diagnostics Inc Medical | 12/30/21 | $16,721,285 |
Sodexo Incorporated And Affiliates Food/management | 12/30/21 | $34,366,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $684,569 |
| Related organizations | $16,239,195 |
| Government grants | $201,760,546 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,413,112 |
| Noncash contributions included in lines 1a–1f | $705,034 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,097,422 |
| Total Program Service Revenue | $5,532,474,713 |
| Investment income | $3,088,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,678,538 |
| Net Gain/Loss on Asset Sales | $546,658 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $26,049 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,809,995,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,449,321 |
| Grants and other assistance to domestic individuals. | $5,299,219 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,688,665 |
| Compensation of current officers, directors, key employees. | $1,468,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,969,082,926 |
| Pension plan accruals and contributions | $71,522,357 |
| Other employee benefits | $152,824,112 |
| Payroll taxes | $154,953,072 |
| Fees for services: Management | $655,985,654 |
| Fees for services: Legal | $163,957 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $139,548 |
| Fees for services: Fundraising | $512,878 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $305,130,094 |
| Advertising and promotion | $1,609,714 |
| Office expenses | $98,414,538 |
| Information technology | $23,555,974 |
| Royalties | $0 |
| Occupancy | $97,734,902 |
| Travel | $764,887 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $358,724 |
| Interest | $89,278,132 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,703,876 |
| Insurance | $67,469,636 |
| All other expenses | $0 |
| Total functional expenses | $5,769,682,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,652 |
| Savings and temporary cash investments | $3,660,620 |
| Pledges and grants receivable | $82,530,271 |
| Accounts receivable, net | $594,471,972 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $94,243,876 |
| Prepaid expenses and deferred charges | $41,452,675 |
| Net Land, buildings, and equipment | $2,411,255,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $252,086,456 |
| Intangible assets | $6,986,058 |
| Other assets | $4,951,861,915 |
| Total assets | $8,438,659,238 |
| Accounts payable and accrued expenses | $624,727,368 |
| Grants payable | $0 |
| Deferred revenue | $30,606,962 |
| Tax-exempt bond liabilities | $158,299,971 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $191,077,980 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,671,775,045 |
| Total liabilities | $4,676,487,326 |
| Net assets without donor restrictions | $3,578,568,153 |
| Net assets with donor restrictions | $183,603,759 |
| 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 | $8,438,659,238 |
Grants Awarded
Over the last fiscal year, Rwj Barnabas Health Inc has awarded $9,828,305 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Lakewood, NJ PURPOSE: SPONSORSHIP | $9,517,680 |
Lakewood, NJ PURPOSE: SPONSORSHIP | $100,000 |
Rahway, NJ PURPOSE: SPONSORSHIP | $49,500 |
Red Bank, NJ PURPOSE: SPONSORSHIP | $25,000 |
KIMBALL MEDICAL CENTER DENTAL STAFF PURPOSE: SPONSORSHIP | $15,000 |
Farmingdale, NJ PURPOSE: SPONSORSHIP | $13,000 |
Endowment Analysis
| Beg. Balance | $174,449,316 |
| Earnings | $10,525,000 |
| Other Expense | $1,370,557 |
| Ending Balance | $183,603,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Bayhealth Medical Center Inc Dover, DE | $1,592,804,671 | $861,509,299 |