Meridian Health System Inc, Group Return in Neptune, New Jersey (NJ)

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Meridian Health System Inc, Group Return
Employer Identification Number (EIN)010649794
Name of OrganizationMeridian Health System Inc
Secondary NameGroup Return
In Care of NameJoseph Lemaire
Address1350 Campus Parkway, Neptune, NJ 07753-6821
SubsectionCharitable Organization
Ruling Date09/1996
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Group return
Asset Amount$2,186,332,852
Amount of Income$1,610,180,887
Form 990 Revenue Amount$1,607,860,923
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Community Health Systems


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Amount of income in 2013: $1,610,180,887
Meridian Health System Inc, Group Return: 

 $1,610,180,887
Other organizations performing similar types of work: 

 $6,791,313

Assets in 2013: $2,186,332,852
Meridian Health System Inc, Group Return: 

 $2,186,332,852
Other organizations performing similar types of work: 

 $5,000,000

Expenses in 2013: $1,498,365,954
Meridian Health System Inc, Group Return: 

 $1,498,365,954
Other organizations performing similar types of work: 

 $5,603,496

Income to expenses ratio in 2013: 1.1
Meridian Health System Inc, Group Return: 

 1.1
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 76.2%
This organization: 

 76.2%
Other organizations performing similar types of work: 

 86.4%

Number of employees in 2013: 12,923
This organization: 

 12,923
Other organizations performing similar types of work: 

 83

Employees paid over $100,000 in 2013: 9.2%
This organization: 

 9.2%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 1.6%
Meridian Health System Inc, Group Return: 

 1.6%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?YesNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?YesYes
Did the organization attach a copy of its audited financial statements?YesYes
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?YesNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?YesYes
A family member of a current or former officer, director, trustee, or key employee?YesYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10961,2431,137476
The number of Forms W-2G01031
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return10,12410,30812,923
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$15,940,760$17,498,366
Total reportable compensation from related organizations$2,394,862$2,618,296
Total estimated amount of other compensation from the organization and related organizations$3,162,754$3,308,111
Total number of individuals who received more than $100,000 of reportable compensation from the organization9941,006
Total number of independent contractors who received more than $100,000 of compensation from the organization176188
Statement of Revenue
201120122013
Total revenue$1,422,297,777$1,624,507,487$1,607,860,923
Contributions, Gifts, Grants and Other Similar Amounts$19,008,671$32,761,573$24,990,350
Program Service Revenue$1,376,929,883$1,566,459,263$1,541,333,961
541900$1,270,237,393$1,445,165,543$1,390,332,492
541900$15,703,922$19,325,966$33,523,666
541900$16,042,536$16,715,015$16,659,827
900099$13,882,343$17,627,925$18,525,950
621500$3,743,477$4,241,632$5,469,434
All other program service revenue$57,320,212$63,383,182$76,822,592
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$15,578,518$14,905,570$29,484,404
Income from investment of tax-exempt bond proceeds$1,115,841$0$0
Royalties$0$4,285$0
Net rental income$2,767,076$2,836,530$2,877,421
Gross rents (Real / Personal)$4,041,929 / $0$4,292,597 / $0$4,183,558 / $0
Less: rental expenses (Real / Personal)$1,274,853 / $0$1,456,067 / $0$1,306,137 / $0
Rental income or (loss) (Real / Personal)$2,767,076 / $0$2,836,530 / $0$2,877,421 / $0
Net gain/loss from sales of assets other than inventory$87,649$380,530$0
Net income/loss from fundraising events$0$0$0
Gross income from fundraising events$973,341$970,014$1,013,827
Less: direct expenses$973,341$970,014$1,013,827
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$6,810,139$7,159,736$9,174,787
Child Day Care Services $1,691,053$1,696,754$1,782,732
Cafeterias, Grill Buffets, and Buffets $1,766,968$2,189,513$2,177,400
900099$346,850$704,825$2,314,514
All other revenue$3,005,268$2,568,644$2,900,141
Statement of Functional Expenses
201120122013
Total functional expenses$1,333,383,115$1,550,012,554$1,498,365,954
Grants and other assistance to domestic organizations and domestic governments$335,925$489,073$357,120
Grants and other assistance to domestic individuals$248,200$570,950$273,500
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$15,351,894$16,075,898$17,732,734
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$495,759,951$584,939,280$592,996,124
Pension plan accruals and contributions$27,094,926$32,944,214$34,082,468
Other employee benefits$65,756,609$71,723,121$75,717,254
Payroll taxes$35,548,100$40,680,743$43,321,556
Fees for services (non-employees)
Management$6,671,687$3,112,000$3,112,000
Legal$1,529,953$3,155,813$2,482,082
Accounting$655,618$559,056$598,275
Lobbying$484,645$534,345$603,981
Professional fundraising services$566,986$277,500$0
Investment management fees$1,254,890$0$0
Other$109,862,716$80,873,322$86,724,689
Advertising and promotion$9,314,730$11,126,645$8,859,502
Office expenses$135,687,390$155,005,457$157,129,997
Information technology$3,345,222$4,296,155$5,298,318
Royalties$2,272,558$3,360,753$2,773,062
Occupancy$39,694,946$43,216,242$42,496,139
Travel$2,152,925$2,101,722$2,035,189
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$1,341,989$1,675,789$1,269,704
Interest$38,677,915$35,202,655$32,649,920
Payments to affiliates$6,488,417$20,001,942$14,746,651
Depreciation, depletion, and amortization$61,364,550$66,324,772$64,271,702
Insurance$14,871,692$25,635,562$31,696,226
Other expenses$118,627,972$131,762,694$142,989,922
Other expenses$57,342,134$82,144,950$11,076,804
Other expenses$35,620,359$39,548,654$42,878,219
Other expenses$22,295,622$27,857,488$29,593,395
Other expenses$23,162,594$64,815,759$50,599,421
Balance Sheet
201120122013
Total assets$1,822,810,841$2,046,341,207$2,186,332,852
Cash - non-interest-bearing$370,180$12,527,150$9,965,649
Savings and temporary cash investments$198,257,022$214,376,753$239,683,018
Pledges and grants receivable, net$8,636,628$16,498,055$16,357,214
Accounts receivable, net$123,813,271$143,406,541$133,776,909
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$6,020,986$5,741,840$2,308,819
Inventories for sale or use$17,974,662$23,079,602$25,796,374
Prepaid expenses and deferred charges$5,680,686$13,238,746$8,854,078
Land, buildings, and equipment: cost or other basis$699,575,807$768,119,550$835,152,623
Investments - publicly traded securities$531,076,987$641,944,423$684,958,759
Investments - other securities$21,324,417$45,738,686$50,582,619
Investments - program-related$157,058,867$107,258,970$107,420,196
Intangible assets$2,214,801$6,391,100$6,360,290
Other assets$50,806,527$48,019,791$65,116,304
Total liabilities$1,059,583,745$1,172,257,536$1,092,759,789
Accounts payable and accrued expenses$113,535,552$136,311,872$139,837,821
Grants payable$0$0$0
Deferred revenue$1,086,527$1,448,734$1,314,557
Tax-exempt bond liabilities$596,472,199$627,570,614$603,621,835
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$7,111,535$6,118,992$2,442,722
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$341,377,932$400,807,324$345,542,854
Total net assets or fund balances$763,227,096$874,083,671$1,093,573,063
Unrestricted net assets$636,749,244$745,134,698$949,241,471
Temporarily restricted net assets$85,421,782$86,734,776$101,352,291
Permanently restricted net assets$41,056,070$42,214,197$42,979,301
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2001200220032004200520062007
Total revenue$628,810,971$689,749,431$740,833,293$778,783,692$852,354,584$884,957,056$982,189,316
Contributions, gifts, grants, and similar amounts received$11,459,704$12,658,854$12,438,676$12,570,236$19,551,258$14,766,144$30,338,105
Contributions to donor advised funds$0$0
Direct public support$3,731,826$7,282,702$7,274,504$6,410,639$12,903,346$5,191,974$23,492,558
Indirect public support$2,765,369$0$0$608,752$639,300$454,874$900,463
Government contributions (grants)$4,962,509$5,376,152$5,164,172$5,550,845$6,008,612$9,119,296$5,945,084
Program service revenue including government fees and contracts$603,623,118$663,224,923$707,675,130$743,740,164$808,198,131$840,097,269$919,728,416
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$9,378,605$7,946,130$6,864,037$7,136,083$9,687,472$13,887,472$16,018,325
Dividends and interest from securities$758,141$369,271$1,648,530$1,901,893$1,411,094$2,033,529$2,359,300
Net rental income or (loss)$0$1,130,592$1,426,242$2,195,935$2,518,827$2,574,144$2,740,415
Gross rents$0$1,130,592$1,426,242$2,195,935$2,518,827$2,574,144$2,740,415
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$-577,457$-367,805$813,295$1,582,707$2,048,922$3,463,675$2,869,094
Gain or (loss) from sales of assets other than inventory$256,964$-2,882,310$-305,796$8,935$366,444$-486,292$2,757,838
Gross amount from sales of assets other than inventory$256,964$0$0$8,935$1,845,525$876,489$77,354,238
Less: cost or other basis and sales expenses$0$2,882,310$305,796$0$1,479,081$1,362,781$74,596,400
Net income or (loss) from special events and activities$719,906$16,801$26,827$24,356$25,019$70,164$0
Gross revenue$1,289,906$660,938$624,356$597,172$608,632$710,656$702,055
Less: direct expenses other than fundraising expenses$570,000$644,137$597,529$572,816$583,613$640,492$702,055
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$3,191,990$7,652,975$10,246,352$9,623,383$8,547,417$8,550,951$5,377,823
Total expenses$607,042,577$669,148,278$705,564,645$744,441,487$802,076,123$853,523,918$935,722,783
Program services$495,912,636$535,659,859$567,603,729$598,861,769$638,227,591$665,168,538$713,346,278
Management and general$108,201,386$127,917,134$131,436,957$138,836,818$153,342,981$180,750,284$211,297,572
Fundraising$163,186$1,808,559$2,479,485$2,977,823$3,307,643$3,451,149$3,124,244
Payments to affiliates$2,765,369$3,762,726$4,044,474$3,765,077$7,197,908$4,153,947$7,954,689
Net assets or fund balances at end of year$270,358,383$255,500,665$310,846,225$368,044,689$450,411,904$517,519,813$561,507,803
Excess or (deficit) for the year$21,768,394$20,601,153$35,268,648$34,342,205$50,278,461$31,433,138$46,466,533
Net assets or fund balances at beginning of year$248,363,450$270,358,383$255,500,665$310,846,225$368,044,689$450,411,904$517,519,813
Other changes in net assets or fund balances$226,539$-35,458,871$20,076,912$22,856,259$32,088,754$35,674,771$-2,478,543
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$927,768,094$713,346,278$211,297,572$3,124,244
Grants paid from donor advised funds$0
Other grants and allocations$229,250
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$8,907,136$7,657,392$1,249,744$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$216,419$178,791$37,628$0
Salaries and wages of employees not included above$364,340,564$303,335,405$59,638,529$1,366,630
Pension plan contributions not included above$18,170,523$14,576,515$3,594,008$0
Employee benefits not included above$35,147,046$26,350,191$8,586,722$210,133
Payroll taxes$27,559,003$22,439,506$5,010,298$109,199
Professional fundraising fees$702,056$0$0$702,056
Accounting fees$444,443$0$444,443$0
Legal fees$1,325,697$1,007$1,324,690$0
Supplies$163,466,344$157,526,477$5,926,459$13,408
Telephone$2,063,386$22,885$2,022,614$17,887
Postage and shipping$1,087,768$2,411$1,063,872$21,485
Occupancy$32,760,981$5,232,984$27,320,619$207,378
Equipment rental and maintenance$17,834,125$11,301,146$6,516,911$16,068
Printing and publications$802,107$347,591$315,156$139,360
Travel$1,633,495$921,643$681,970$29,882
Conferences, conventions, and meetings$1,160,292$356,390$788,370$15,532
Interest$18,763,085$14,020,492$4,742,593$0
Depreciation, depletion, etc.$41,088,754$34,815,288$6,235,999$37,467
Other expenses not covered above$190,065,620$114,030,914$75,796,947$237,759
Balance Sheets
2001200220032004200520062007
Total assets$681,744,015$702,081,952$840,695,292$891,613,570$982,674,607$1,056,984,883$1,377,322,201
Cash - non-interest-bearing$564,776$116,159$3,750$2,050$2,050$28,634$28,135
Savings and temporary cash investments$135,293,451$67,635,426$66,281,727$73,071,294$86,190,816$62,403,580$146,373,602
Accounts receivable less allowance for doubtful accounts$78,467,769$83,900,073$80,346,806$73,594,822$79,057,418$89,010,455$98,603,245
Pledges receivable less allowance for doubtful accounts$1,474,555$3,719,188$6,682,456$12,195,097$11,349,199$13,412,649$10,985,392
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$197,603$4,620,000$0$0$0$0$0
Inventories for sale or use$9,321,948$9,162,658$9,512,616$9,845,269$10,611,740$11,894,711$12,445,644
Prepaid expenses and deferred charges$8,942,269$7,283,800$8,636,010$8,979,620$8,154,204$8,219,474$14,976,357
Investments - publicly-traded securities$362,927,224$335,871,242
Investments - other securities$149,613,666$205,918,854$304,666,410$319,555,419$346,811,309$14,025,873$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$13,164,030$6,618,040$5,434,372$7,447,966$12,224,622$14,040,048$196,206,131
Land, buildings, and equipment less accumulated depreciation$259,763,580$283,667,749$328,084,715$347,512,430$359,600,116$404,356,846$476,641,445
Other assets, including program-related investments$24,940,368$29,440,005$31,046,430$39,409,603$68,673,133$76,665,389$85,191,008
Total liabilities$411,385,632$446,581,287$529,849,067$523,568,881$532,262,703$539,465,070$815,814,398
Accounts payable and accrued expenses$71,103,908$117,476,054$116,626,984$111,756,597$110,408,143$89,944,266$98,225,367
Grants payable$0$0$0$346,112$334,309$361,155$398,841
Deferred revenue$586,271$886,817$789,825$385,416$471,923$408,255$436,024
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$301,417,783$288,742,664$379,750,172$385,234,957$377,819,957$374,691,977$608,575,069
Mortgages and other notes payable$5,525,583$10,817,927$5,088,805$3,969,954$3,531,283$4,223,667$9,772,281
Other liabilities$32,752,087$28,657,825$27,593,281$21,875,845$39,697,088$69,835,750$98,406,816
Total liabilities and net assets/fund balances$681,744,015$702,081,952$840,695,292$891,613,570$982,674,607$1,056,984,883$1,377,322,201
Total net assets or fund balances$270,358,383$255,500,665$310,846,225$368,044,689$450,411,904$517,519,813$561,507,803
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2001200220032004200520062007
Total revenue$628,810,971$689,749,431$740,833,293$778,783,692$852,354,584$884,957,056$982,189,316
Total revenue, gains, and other support per audited financial statements$629,380,971$690,393,568$741,430,822$782,665,804$853,161,026$894,806,665$970,717,914
Other expenses$570,000$644,137$597,529$3,882,112$222,829$10,490,101$718,183
Net unrealized gains on investments$0$0$0$3,309,296$222,829$10,490,101$718,183
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$570,000$644,137$597,529$572,816$0$0$0
Other revenue$0$0$0$0$-583,613$640,492$12,189,585
Investment expenses$0$0$0$0$0$0$1,098,426
Other$0$0$0$0$-583,613$640,492$11,091,159
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2001200220032004200520062007
Total expenses$607,042,577$669,148,278$705,564,645$744,441,487$802,076,123$853,523,918$935,722,783
Total expenses and losses per audited financial statements$607,612,577$669,792,415$706,162,174$745,014,303$804,472,736$854,164,410$934,624,357
Other revenue$570,000$644,137$597,529$572,816$2,396,613$640,492$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$1,813,000$0$0
Losses$0$0$0$0$0$0$0
Other$570,000$644,137$597,529$572,816$583,613$640,492$0
Other expenses$0$0$0$0$0$0$1,098,426
Investment expenses$0$0$0$0$0$0$1,098,426
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
70$1,136,904$1,326,060$3,976
60$602,938$181,948$1,691
60$488,108$364,855$1,756
60$501,357$164,215$2,436
60$409,055$118,159$2,052
60$404,682$124,959$1,493
60$371,342$767,276$5,808
60$336,569$189,999$6,463
6$157,648$15,289$0
6$38,250$0$0
6$20,599$0$0
6$56,982$0$0
6$67,500$0$0
6$95,460$0$0
60$341,292$39,216$1,216
60$240,461$12,705$0
60$266,446$39,311$660
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings20
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20066,040
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$1,200,833$31,889,167$918,761,211
Program service revenue
Program service revenue 1000000$000$0$891,111,621
Program service revenue 2000000$000$0$10,530,141
Program service revenue 3000000$000$0$7,991,413
Program service revenue 4000000$000$0$7,587,197
Program service revenue 5Medical and diagnostic laboratories$967,20500$0$1,540,839
$0$0$0
$0$0$891,111,621
$0$0$0
Miscellaneous store retailers$320,727$0$0
$0$0$0
$0$0$7,991,413
$0$0$10,530,141
Medical and diagnostic laboratories$646,478$0$1,540,839
$0$0$7,587,197
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$16,018,325$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,359,300$0
Net rental income or (loss) from real estate
debt-financed property000000$0Income exempt from debt-financed (section 514) provisions because at least 85% of the use of the property is for the organization's exempt purposes (Note: This code is only for income from the 15% or less non-exempt purpose use.) (section 514(b)(1)(A))$2,740,415$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$2,869,094$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$2,757,838$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueChild day care services$233,628Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$5,144,195$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$398,124$148,302$2,250
$358,038$45,292$4,368
$330,046$38,129$0
$319,002$17,515$0
$284,046$39,825$1,048
Total number of other employees paid over $50,0002,120
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$386,743
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
2000200120022003200420052006
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Mayo Clinic200 1st St Sw, Rochester, MN 55905-0001MN1947-01$6,024,621,187
2Bjc Health System, Group Return4901 Forest Park Ave Ste 1200, Saint Louis, MO 63108-1402MO2002-03$3,769,262,508
3Sutter Health, Sutter Care At Home2200 River Plaza Dr, Sacramento, CA 95833-4134CA1982-02$3,017,615,460
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6Meridian Health System Inc, Group Return1350 Campus Parkway, Neptune, NJ 07753-6821NJ1996-09$1,610,180,887
7Atlanticare Health System Inc, Atlanticare Regional Medical Center1925 Pacific Ave, Atlantic City, NJ 08401-6713NJ2011-02$546,940,050
8Meridian Health Systems Inc, Bayshore Community Hospital1350 Campus Parkway Payroll Dept, Neptune, NJ 07753-6821NJ1996-09$117,572,916
9Cooper Medical Services IncThree Cooper Plaza, Camden, NJ 08103-1438NJ2001-12$5,868,908
10Inspira Health Network Inc333 Irving Ave, Bridgeton, NJ 08302-2123NJ1988-12$3,045,775
11Atlanticare Health System IncJimmie Leeds Road, Pomona, NJ 08240NJ2011-02$54,060,108
12Meridian Health Systems Inc, Bayshore Health Care Center Inc3349 Highway 138 Bldg C Sutie A, Wall, NJ 07719-9671NJ1996-09$25,207,076
13Hunterdon Regional Community Health Inc2100 Wescott Dr, Flemington, NJ 08822-4603NJ1999-06$2,329,017
14Cape Regional Health System Inc2 Stone Harbor Blvd, Cape May Ch, NJ 08210-2138NJ1987-01$1,079,246
15Meridian Health Systems Inc, Bayshore Community Hospital Foundat727 N Beers St, Holmdel, NJ 07733-1514NJ1986-05$259,491
16Auxiliary Board To Virtua West Jersey Health Systems Inc400 N Haddon Ave Unit 205, Haddonfield, NJ 08033-1736NJ2013-09$119,549
17Atlanticare Health System Inc, Atlanticare Behavorial Health2511 Fire Road, Egg Harbor Twnship, NJ 08234-5654NJ2011-02$0
18Atlanticare Health System Inc, Atlanticare Foundation Inc2500 English Creek Ave Ste 501, Egg Hbr Twp, NJ 08234-5549NJ2011-02$0
19Atlanticare Health System Inc, Atlanticare Health ServicesJimmie Leeds Road, Pomona, NJ 08240NJ2011-02$0
20Atlanticare Health System Inc, Infoshare IncJimmie Leeds Road, Pomona, NJ 08240NJ2011-02$0
Number of organizations performing similar types of work
Alabama6
Arkansas5
Arizona2
California34
Colorado11
Connecticut6
District of Columbia3
Delaware2
Florida20
Georgia23
Hawaii9
Iowa2
Idaho5
Illinois23
Indiana10
Kansas8
Kentucky8
Louisiana5
Massachusetts67
Maryland7
Maine6
Michigan36
Minnesota39
Missouri15
Mississippi4
Montana3
North Carolina27
North Dakota14
Nebraska4
New Hampshire3
New Jersey33
New Mexico3
Nevada2
New York45
Ohio26
Oklahoma7
Oregon6
Pennsylvania46
Rhode Island5
South Carolina2
South Dakota10
Tennessee7
Texas62
Utah3
Virginia29
Vermont2
Washington8
Wisconsin25
West Virginia8
Wyoming1
International1
Total738
All affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralMeridian Health System Inc1350 Campus Parkway, Neptune, NJ 07753-6821NJ2002-01$3,156,907
SubordinateMeridian Health System Inc, Group Return1350 Campus Parkway, Neptune, NJ 07753-6821NJ1996-09$1,610,180,887
SubordinateMeridian Health System Inc, Meridian Hospitals Corporation1350 Campus Parkway Payroll Departm, Neptune, NJ 07753NJ1996-09$554,627,672
SubordinateMeridian Health Systems Inc, Bayshore Community Hospital1350 Campus Parkway Payroll Dept, Neptune, NJ 07753-6821NJ1996-09$117,572,916
SubordinateMeridian Health Systems Inc, Bayshore Health Care Center Inc3349 Highway 138 Bldg C Sutie A, Wall, NJ 07719-9671NJ1996-09$25,207,076
SubordinateMeridian Health Systems Inc, Bayshore Community Hospital Foundat727 N Beers St, Holmdel, NJ 07733-1514NJ1986-05$259,491
SubordinateMeridian Health Systems Inc, Southern Ocean Med Ctr Fdn Inc1345 Campus Pkwy, Neptune, NJ 07753-6827NJ1996-09$0
SubordinateMeridian Health System Inc, Health Innovations Unlimited Inc3520 State Route 33, Neptune, NJ 07753-3036NJ1996-09$0
Number of affiliated organizations
New Jersey8
Total8

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