Atlantic Health System Inc in Morristown, New Jersey (NJ)

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Atlantic Health System Inc
Employer Identification Number (EIN)223380375
Name of OrganizationAtlantic Health System Inc
Address475 S St Acctg 920, Morristown, NJ 07960
ActivitiesCommunity health planning, Other health services, Non financial services of facilities to other organizations
SubsectionCharitable Organization
Ruling Date09/2006
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$104,892,330
Amount of Income$15,553
Form 990 Revenue Amount$15,553
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Community Health Systems


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Amount of income in 2013: $15,553
Atlantic Health System Inc: 

 $15,553
Other organizations performing similar types of work: 

 $58,371,666

Assets in 2013: $104,892,330
This organization: 

 $104,892,330
Other organizations performing similar types of work: 

 $115,495,398

Expenses in 2012: $0
Atlantic Health System Inc: 

 $0
Other organizations performing similar types of work: 

 $46,510,321

Expenses allocated to program services in 2007: 0.0%
Atlantic Health System Inc: 

 0.0%
Other organizations performing similar types of work: 

 86.6%

Financial snapshot ($)

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$17,623
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$17,623
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$0
Balance Sheet (for 2012)
Total assets$106,184,453
Total liabilities$25,282,567
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$25,282,567
Total net assets or fund balances$80,901,886
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420062007
Total revenue$1,929,309$2,975,267$-1,089,216$13,749,603$1,021,159$49,008$97,045
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$14,671,497$1,966,284$0$0
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$52,205$501,621$290,100$207,035$85,885$49,008$97,045
Dividends and interest from securities$2,680,775$697,424$366,489$109,683$61,577$0$0
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-803,671$1,776,222$-1,745,805$-1,238,612$-1,092,587$0$0
Gross amount from sales of assets other than inventory$24,134,361$48,440,591$28,633,223$24,051,408$28,645,698$0$0
Less: cost or other basis and sales expenses$24,938,032$46,664,369$30,379,028$25,290,020$29,738,285$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
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$0$0$0$0$0$0$0
Total expenses$11,187,972$9,822,818$11,412,859$18,200,739$1,833,009$80$801,975
Program services$11,187,972$9,809,318$11,204,813$18,070,685$1,799,040$0$0
Management and general$0$13,500$208,046$130,054$33,969$80$801,975
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$86,867,408$76,868,980$63,287,005$48,869,615$49,781,112$50,540,844$50,526,360
Excess or (deficit) for the year$-9,258,663$-6,847,551$-12,502,075$-4,451,136$-811,850$48,928$-704,930
Net assets or fund balances at beginning of year$95,199,326$86,867,408$76,868,980$63,287,005$48,869,615$50,491,654$50,540,844
Other changes in net assets or fund balances$926,745$-3,150,877$-1,079,900$-9,966,254$1,723,347$262$690,446
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$801,975$0$801,975$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$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)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$1,975$0$1,975$0
Legal fees$800,000$0$800,000$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$0$0$0$0
Balance Sheets
2000200120022003200420062007
Total assets$88,414,958$77,486,353$65,549,293$80,425,575$50,275,716$52,275,604$53,661,699
Cash - non-interest-bearing$0$0$0$0$0$0$3,261,745
Savings and temporary cash investments$811,032$993,735$1,292,820$288,449$805,297$1,551,229$0
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
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$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$144,601$54,912$1,231$1,500,000$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$45,302,081$32,798,462$19,497,675$14,316,025$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$42,157,244$43,639,244$44,757,567$48,989,615$48,989,615$48,989,615$48,989,615
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Other assets, including program-related investments$0$0$0$15,331,486$480,804$1,734,760$1,410,339
Total liabilities$1,547,550$617,373$2,262,288$31,555,960$494,604$1,734,760$3,135,339
Accounts payable and accrued expenses$0$0$0$0$10,500$299,055$1,116,218
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$1,547,550$617,373$2,262,288$31,555,960$484,104$1,435,705$2,019,121
Total liabilities and net assets/fund balances$88,414,958$77,486,353$65,549,293$80,425,575$50,275,716$52,275,604$53,661,699
Total net assets or fund balances$86,867,408$76,868,980$63,287,005$48,869,615$49,781,112$50,540,844$50,526,360
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420062007
Total revenue$0$0$0$13,749,603$1,021,159$49,008$97,045
Total revenue, gains, and other support per audited financial statements$0$0$0$18,200,739$2,155,542$49,221$787,491
Other expenses$0$0$0$4,451,136$1,134,383$263$690,446
Net unrealized gains on investments$0$0$0$4,451,136$904,266$0$0
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$0$0$0$0$230,117$263$690,446
Other revenue$0$0$0$0$0$50$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$50$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420062007
Total expenses$0$0$0$18,200,739$1,833,009$80$801,975
Total expenses and losses per audited financial statements$0$0$0$18,200,739$1,833,009$30$801,975
Other revenue$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$50$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$50$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings17
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?No
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)?Yes
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, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$97,045$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
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)$97,045$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
223538027100%$29,516,427$34,458,163
999999999100%$6,847,476$40,061,310
0%$0$0
0%$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
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
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 isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
521958352Atlantic Health System Inc, Ahs Hospital CorpYes$0
Total$0
Support Schedule
1999200020012002200320052006
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
1Atlantic Health System Inc, Group Return475 South Street Acctg 920, Morristown, NJ 07960NJ2006-09$1,734,987,844
2Cooper Health Systems1 Cooper Plz, Camden, NJ 08103-1461NJ1976-04$1,165,726,484
3Atlantic Health System Inc, Ahs Hospital Corp475 South St, Morristown, NJ 07960-6459NJ2006-09$1,070,805,344
4Liberty Healthcare System Inc350 Montgomery St, Jersey City, NJ 07302-4041NJ1993-02$33,544,889
5Meridian Health System Inc1350 Campus Parkway, Neptune, NJ 07753-6821NJ2002-01$3,156,907
6Cathedral Health Care Center1160 Raymond Boulevard, Newark, NJ 07102NJ1946-03$93,000
7Atlantic Health System Inc475 S St Acctg 920, Morristown, NJ 07960NJ2006-09$15,553
8Jfk Health System Inc98 James St 4th Floor, Edison, NJ 08820-3902NJ1983-12$120
9St Vincents Health System Inc4205 Belfort Rd Ste 4015, Jacksonville, FL 32216-3623FL1946-03$66,865,460
10Health Quest Medical Practice P C1351 Route 55 Ste 200, Lagrangeville, NY 12540-5128NY2011-03$60,477,199
11Mercy Hospital Cassville645 Maryville Centre Dr Ste 100, Saint Louis, MO 63141-5846MO1946-03$20,740,287
12Mount Nittany Health System1800 E Park Ave, State College, PA 16803-6709PA2012-06$11,322,798
13Atenas Community Health Center Achc IncPO BOX 455, Manatiinternational2014-11$9,883,196
14Triad Health Systems Inc, Triad Medical ClinicPO BOX 845, Warsaw, KY 41095-0845KY2008-01$2,034,457
15Advanced Primary Care Physicians501 Bath Rd, Bristol, PA 19007-3101PA2012-02$694,036
16Susquehanna Health Systems Inc401 Broad Ave, Susquehanna, PA 18847-1611PA1998-02$16,150
17St Lukes Community Development Corporation - Pmc6624 Fannin St, Houston, TX 77030-2312TX2014-01$419
18Bemc Med Pro Fees, Banner Health1441 N 12th Street, Phoenix, AZ 85006AZ$0
19Citizens Homeless Care Corporation88 Black Falcon Ave Suite 342, Boston, MA 02210MA2002-09$0
20Cwh An Alliance Of Childrens Health System And Uab Health System1600 7th Ave S, Birmingham, AL 35233-1711AL2002-06$0
Number of organizations performing similar types of work
Alaska1
Alabama5
Arizona8
California23
Colorado15
Connecticut6
Florida22
Georgia16
Hawaii2
Iowa3
Illinois19
Indiana7
Kansas2
Kentucky6
Louisiana3
Massachusetts15
Maryland13
Maine3
Michigan15
Minnesota9
Missouri12
Mississippi2
Montana1
North Carolina7
North Dakota1
Nebraska7
New Hampshire3
New Jersey8
New Mexico1
Nevada2
New York12
Ohio26
Oklahoma6
Oregon2
Pennsylvania32
Rhode Island4
South Carolina7
Tennessee10
Texas20
Utah1
Virginia10
Vermont3
Washington4
Wisconsin6
West Virginia6
International2
Total388
All affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralAtlantic Health System Inc475 S St Acctg 920, Morristown, NJ 07960NJ2006-09$15,553
SubordinateAtlantic Health System Inc, Group Return475 South Street Acctg 920, Morristown, NJ 07960NJ2006-09$1,734,987,844
SubordinateAtlantic Health System Inc, Ahs Hospital Corp475 South St, Morristown, NJ 07960-6459NJ2006-09$1,070,805,344
SubordinateAtlantic Health System Inc, Atlantic Ambulance Corporation475 South St, Morristown, NJ 07960-6459NJ2006-09$0
SubordinateAtlantic Health System Inc, Practice Associates Medical Group475 South St, Morristown, NJ 07960-6459NJ2006-09$0
Number of affiliated organizations
New Jersey5
Total5

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