Atlanticare Health System Inc

Organization Overview

Atlanticare Health System Inc is located in Egg Harbor Township, NJ. The organization was established in 2011. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Atlanticare Health System Inc employed 6,320 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Atlanticare Health System 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, Atlanticare Health System Inc generated $909.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $840.2m during the year ending 12/2021. While expenses have increased by 2.2% 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.

Since 2014, Atlanticare Health System Inc has awarded 55 individual grants totaling $32,881,806. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATIONS ARE COMMITTED TO IMPROVING THE HEALTH AND WELL-BEING OF THE RESIDENTS OF NJ BY PROVIDING QUALITY, PATIENT-CENTERED HEALTHCARE SERVICES.

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Atlanticare Health System Inc
Management
$64,498,817
P Agnes Inc
Construction
$17,786,280
Medline
Medical
$15,358,104
Medtronic Usa Inc
Medical
$5,736,828
Laboratory Corp Of America
Lab
$6,696,517
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$413,302
Related organizations$500,000
Government grants $23,094,078
All other contributions, gifts, grants, and similar amounts not included above$3,143,690
Noncash contributions included in lines 1a–1f $6,314
Total Revenue from Contributions, Gifts, Grants & Similar$27,151,070
Total Program Service Revenue$826,791,346
Investment income $56,567,870
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $495,034
Net Gain/Loss on Asset Sales -$1,802,102
Net Income from Fundraising Events $0
Net Income from Gaming Activities $22,357
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $909,225,575

Grants Awarded

Over the last fiscal year, Atlanticare Health System Inc has awarded $544,300 in support to 4 organizations.

Grant RecipientAmount

ATLANTICARE FOUNDATION

Org PageRecipient Profile

Egg Harbor Township, NJ

PURPOSE: PROGRAM SUPPORT

$500,000

LINDENWOLD BOARD OF EDUCATION

PURPOSE: PROGRAM SUPPORT

$28,400

ATLANTIC CITY POLICE DEPARTMENT

PURPOSE: PROGRAM SUPPORT

$10,000

ABSECON LIGHTHOUSE

Org PageRecipient Profile

Atlantic City, NJ

PURPOSE: PROGRAM SUPPORT

$5,900
View Grant Profile

Endowment Analysis

Beg. Balance$9,252,307
Net Contributions$2,565,373
Other Expense$1,740,846
Ending Balance$10,076,834

Peer Organizations

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