Meridian Health System Inc, Meridian Hospitals Corporation in Neptune, New Jersey (NJ)

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Meridian Health System Inc, Meridian Hospitals Corporation
Employer Identification Number (EIN)223471515
Name of OrganizationMeridian Health System Inc
Secondary NameMeridian Hospitals Corporation
Address1350 Campus Parkway Payroll Departm, Neptune, NJ 07753
ActivitiesHospital, Other health services
SubsectionCharitable Organization
Ruling Date09/1996
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$210,503,968
Amount of Income$554,627,672
Form 990 Revenue Amount$554,627,672
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Hospital, General


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Amount of income in 2013: $554,627,672
This organization: 

 $554,627,672
Other organizations performing similar types of work: 

 $129,251,994

Assets in 2013: $210,503,968
This organization: 

 $210,503,968
Other organizations performing similar types of work: 

 $122,242,322

Expenses in 2000: $547,444,123
This organization: 

 $547,444,123
Other organizations performing similar types of work: 

 $119,720,646

Income to expenses ratio in 2000: 1.0
Meridian Health System Inc, Meridian Hospitals Corporation: 

 1.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2000: 83.5%
Meridian Health System Inc, Meridian Hospitals Corporation: 

 83.5%
Other organizations performing similar types of work: 

 85.7%

Number of employees in 2000: 6,433
This organization: 

 6,433
Other organizations performing similar types of work: 

 1,105

Employees paid over $50,000 in 2000: 21.9%
This organization: 

 21.9%
Other organizations performing similar types of work: 

 28.8%

Grants share in income in 2000: 1.5%
This organization: 

 1.5%
Other organizations performing similar types of work: 

 0.2%

Financial snapshot ($)

Revenue for 2000

Assets at end of 2000

Expenses for 2000

Functional Expenses for 2000 ($)

Income-Producing Activities for 2000

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000
Total revenue$554,627,672
Contributions, gifts, grants, and similar amounts received$8,420,948
Contributions to donor advised funds
Direct public support$182,199
Indirect public support$3,554,000
Government contributions (grants)$4,684,749
Program service revenue including government fees and contracts$516,334,322
Membership dues and assessments$0
Interest on savings and temporary cash investments$1,262,505
Dividends and interest from securities$6,860,937
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$-64,113
Gain or (loss) from sales of assets other than inventory$0
Gross amount from sales of assets other than inventory$0
Less: cost or other basis and sales expenses$0
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$21,813,073
Total expenses$547,444,123
Program services$456,886,000
Management and general$90,558,123
Fundraising$0
Payments to affiliates$0
Net assets or fund balances at end of year$210,503,968
Excess or (deficit) for the year$7,183,549
Net assets or fund balances at beginning of year$195,232,335
Other changes in net assets or fund balances$8,088,084
Statement of Functional Expenses (for 2000)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$547,444,123$456,886,000$90,558,123$0
Grants paid from donor advised funds
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.$1,316,802$0$1,316,802$0
Compensation of former officers, directors, key employees, etc.
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)
Salaries and wages of employees not included above$240,288,962$199,766,112$40,522,850$0
Pension plan contributions not included above$7,273,301$6,070,120$1,203,181$0
Employee benefits not included above$22,767,394$19,001,113$3,766,281$0
Payroll taxes$16,818,697$14,036,475$2,782,222$0
Professional fundraising fees$0$0$0$0
Accounting fees$689,655$7,480$682,175$0
Legal fees$1,142,024$0$1,142,024$0
Supplies$68,143,028$65,055,550$3,087,478$0
Telephone$2,084,104$138,553$1,945,551$0
Postage and shipping$679,341$4,117$675,224$0
Occupancy$11,750,896$2,596,002$9,154,894$0
Equipment rental and maintenance$12,997,353$7,356,188$5,641,165$0
Printing and publications$512,681$435,557$77,124$0
Travel$543,545$310,951$232,594$0
Conferences, conventions, and meetings$854,223$401,862$452,361$0
Interest$12,876,832$10,622,790$2,254,042$0
Depreciation, depletion, etc.$31,234,310$29,332,510$1,901,800$0
Other expenses not covered above$115,470,975$101,750,620$13,720,355$0
Balance Sheets
2000
Total assets$590,431,153
Cash - non-interest-bearing$14,935
Savings and temporary cash investments$102,825,736
Accounts receivable less allowance for doubtful accounts$84,102,506
Pledges receivable less allowance for doubtful accounts$0
Grants receivable$782,358
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$8,110,329
Prepaid expenses and deferred charges$9,022,950
Investments - publicly-traded securities
Investments - other securities$109,046,880
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$12,646,322
Land, buildings, and equipment less accumulated depreciation$238,269,776
Other assets, including program-related investments$25,609,361
Total liabilities$379,927,185
Accounts payable and accrued expenses$80,418,569
Grants payable$51,886
Deferred revenue$0
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$269,882,535
Mortgages and other notes payable$10,142,625
Other liabilities$19,431,570
Total liabilities and net assets/fund balances$590,431,153
Total net assets or fund balances$210,503,968
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000
Total revenue$554,627,672
Total revenue, gains, and other support per audited financial statements$553,452,756
Other expenses$-1,174,916
Net unrealized gains on investments$-1,174,916
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000
Total expenses$547,444,123
Total expenses and losses per audited financial statements$554,548,123
Other revenue$7,104,000
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$7,104,000
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
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?
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?
Does the organization have a written conflict of interest policy?
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)?
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?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20066,433
Analysis of Income-Producing Activities (for 2000)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$2,648,974$21,375,410$522,182,340
Program service revenue
Program service revenue 1000000$000$0$516,334,322
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)$1,262,505$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)$6,860,937$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$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$-64,113$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 revenueMedical and diagnostic laboratories$2,648,974Section 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))$13,316,081$5,848,018
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2000)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2000)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$428,989$106,200$0
$334,414$144,900$1,663
$269,351$29,000$0
$264,258$24,400$0
$263,209$94,700$576
Total number of other employees paid over $50,0001,402
Statements About Activities (for 2000)
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?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
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
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
1999
Total$0
Gifts, grants, and contributions received$0
Membership fees received$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
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
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$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
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2000)
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
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$1,004,965$0$1,004,965
Gross receipts or sales less returns and allowances$1,004,965$0$0
Cost of goods sold$0$0$0
Gross profit$1,004,965$0$1,004,965
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$1,516,843
Compensation of officers, directors, and trustees$0
Salaries and wages$214,669
Repairs and maintenance$40,368
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$50,534
Excess exempt expenses$0
Excess readership costs$0
Other deductions$1,211,272
Unrelated business taxable income$-4,490,529
Unrelated business taxable income before net operating loss deduction$-511,878
Net operating loss deduction$3,978,651
Unrelated business taxable income before specific deduction$-4,490,529
Specific deduction$0
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6Newark Beth Israel Medical Center Inc201 Lyons Ave, Newark, NJ 07112-2027NJ1997-10$563,856,662
7Meridian Health System Inc, Meridian Hospitals Corporation1350 Campus Parkway Payroll Departm, Neptune, NJ 07753NJ1996-09$554,627,672
8Kennedy University Hospital Inc500 Marlboro Ave, Cherry Hill, NJ 08002-2020NJ1965-07$499,164,637
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Number of organizations performing similar types of work
Alaska3
Alabama19
Arkansas22
Arizona15
California112
Colorado25
Connecticut29
District of Columbia2
Delaware6
Florida53
Georgia52
Hawaii5
Iowa27
Idaho9
Illinois104
Indiana48
Kansas25
Kentucky32
Louisiana22
Massachusetts44
Maryland41
Maine19
Michigan58
Minnesota34
Missouri50
Mississippi19
Montana11
North Carolina47
North Dakota12
Nebraska20
New Hampshire21
New Jersey50
New Mexico7
Nevada4
New York130
Ohio96
Oklahoma17
Oregon24
Pennsylvania131
Rhode Island10
South Carolina15
South Dakota9
Tennessee25
Texas57
Virginia37
Vermont8
Washington22
Wisconsin67
West Virginia24
International10
Total1,729
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 System Inc, Soch Properties Inc1350 Campus Pkwy, Neptune, NJ 07753-6821NJ1996-09$1,127,711
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
SubordinateMeridian Health System Inc, Jersey Shore Univ Med Ctr Fdn1345 Campus Pkwy, Neptune, NJ 07753-6827NJ1996-09$0
SubordinateMeridian Health System Inc, Meridian Health Foundation Inc1200 Jumping Brook Rd Bldg 5 Pkwy 1, Neptune, NJ 07753-2634NJ1996-09$0
SubordinateMeridian Health System Inc, Meridian Health Realty Corp1200 Jumping Brook Rd Bldg 5 Pkwy U, Neptune, NJ 07753-2634NJ1996-09$0
SubordinateMeridian Health System Inc, Meridian Home Care Services Inc1759 Rt88 Suite 100, Brick, NJ 08723NJ1996-09$0
SubordinateMeridian Health System Inc, Meridian Nursing & Rehab At Red Ban1350 Campus Pkwy, Neptune, NJ 07753-6821NJ1996-09$0
SubordinateMeridian Health System Inc, Meridian Nursing And Rehabilitation3349 Highway 138 Bldg C Suite A, Wall, NJ 07719-9671NJ1996-09$0
SubordinateMeridian Health System Inc, Meridian Practice Institute Inc1200 Jumping Brook Rd Pkwy 100 Bd 5, Neptune, NJ 07753-2634NJ1996-09$0
SubordinateMeridian Health System Inc, Ocean Medical Center Foundation Inc1345 Campus Pkwy, Neptune, NJ 07753-6827NJ1996-09$0
SubordinateMeridian Health System Inc, Riverview Medical Center Fndtn Inc1350 Campus Pkwy, Neptune, NJ 07753-6821NJ1996-09$0
SubordinateMeridian Health System Inc, Meridian Nursing And Rehabilitation3349 Hwy 138 Bldg C Ste A, Wall, NJ 07719-9671NJ1996-09$0
Number of affiliated organizations
New Jersey19
Total19

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