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

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Meridian Health System Inc
Employer Identification Number (EIN)223474145
Name of OrganizationMeridian Health System Inc
In Care of NameJoseph Lemaire
Address1350 Campus Parkway, Neptune, NJ 07753-6821
ActivitiesCommunity health planning, Other health services, Non financial services of facilities to other organizations
SubsectionCharitable Organization
Ruling Date01/2002
DeductibilityContributions are deductible
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$22,943,833
Amount of Income$3,156,907
Form 990 Revenue Amount$-3,277,003
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Community Health Systems


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Amount of income in 2013: $3,156,907
This organization: 

 $3,156,907
Other organizations performing similar types of work: 

 $58,371,666

Assets in 2013: $22,943,833
Meridian Health System Inc: 

 $22,943,833
Other organizations performing similar types of work: 

 $115,495,398

Expenses in 2012: $1,166,366
Meridian Health System Inc: 

 $1,166,366
Other organizations performing similar types of work: 

 $46,510,321

Income to expenses ratio in 2012: 2.7
This organization: 

 2.7
Other organizations performing similar types of work: 

 1.0

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

 0.0%
Other organizations performing similar types of work: 

 86.6%

Financial snapshot ($)

Revenue for 2012

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$1,290,327
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$8,629
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,281,698
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Gross rents (Real / Personal)$114,408 / $0
Less: rental expenses (Real / Personal)$114,408 / $0
Rental income or (loss) (Real / Personal)$0 / $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$1,166,366
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$1,166,366
Balance Sheet (for 2012)
Total assets$57,163,843
Total liabilities$1,892,260
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$645,000
Unsecured notes and loans payable to unrelated third parties$0
Other$1,247,260
Total net assets or fund balances$55,271,583
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
2000200120022007
Total revenue$17,116,491$679,108$209,531$210,072
Contributions, gifts, grants, and similar amounts received$10,962,728$0$0$65,000
Contributions to donor advised funds$0
Direct public support$0$0$0$0
Indirect public support$10,962,728$0$0$65,000
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$9,062
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$31,420
Dividends and interest from securities$655,646$680,108$214,037$102,090
Net rental income or (loss)$0$0$0$0
Gross rents$62,379$69,101$72,751$98,780
Less: rental expenses$62,379$69,101$72,751$98,780
Other investment income$0$-1,000$0$0
Gain or (loss) from sales of assets other than inventory$5,498,117$0$-4,506$2,500
Gross amount from sales of assets other than inventory$5,498,117$0$0$1,000,000
Less: cost or other basis and sales expenses$0$0$4,506$997,500
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$2,104,052$913,022$454,356$1,301,764
Program services$1,762,232$0$0$0
Management and general$341,820$458,748$204,356$111,764
Fundraising$0$0$0$0
Payments to affiliates$0$454,274$250,000$1,190,000
Net assets or fund balances at end of year$40,335,864$36,439,042$38,506,099$60,363,385
Excess or (deficit) for the year$15,012,439$-233,914$-244,825$-1,091,692
Net assets or fund balances at beginning of year$32,179,409$40,335,864$36,439,042$39,953,312
Other changes in net assets or fund balances$-6,855,984$-3,662,908$2,311,882$21,501,765
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$111,764$0$111,764$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$0$0$0$0
Legal fees$0$0$0$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$111,764$0$111,764$0
Balance Sheets
2000200120022007
Total assets$40,940,218$37,067,699$39,137,281$61,024,000
Cash - non-interest-bearing$6,785,037$6,429,551$150$150
Savings and temporary cash investments$6,157,608$2,033,160$8,498,972$668,883
Accounts receivable less allowance for doubtful accounts$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$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
Other notes and loans receivable less allowance for doubtful accounts$610,902$610,902$610,902$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$26,062$23,369$25,703$2,000
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$247,419
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$25,339,802$25,854,912$27,889,447$59,073,434
Land, buildings, and equipment less accumulated depreciation$547,830$509,113$466,423$368,393
Other assets, including program-related investments$1,472,977$1,606,692$1,645,684$663,721
Total liabilities$604,354$628,657$631,182$660,615
Accounts payable and accrued expenses$4,354$4,767$20,180$12,647
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$600,000$600,000$600,000$645,000
Other liabilities$0$23,890$11,002$2,968
Total liabilities and net assets/fund balances$40,940,218$37,067,699$39,137,281$61,024,000
Total net assets or fund balances$40,335,864$36,439,042$38,506,099$60,363,385
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022007
Total revenue$17,116,491$679,107$209,531$210,072
Total revenue, gains, and other support per audited financial statements$17,133,057$748,209$8,683,442$318,682
Other expenses$16,566$0$8,473,911$108,610
Net unrealized gains on investments$16,566$0$17,345$9,830
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$8,456,566$98,780
Other revenue$0$-69,101$0$0
Investment expenses$0$0$0$0
Other$0$-69,101$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022007
Total expenses$2,104,052$913,022$454,356$1,301,764
Total expenses and losses per audited financial statements$9,477,920$4,645,031$6,616,385$1,400,544
Other revenue$7,373,868$3,732,009$6,162,029$98,780
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$7,373,868$3,662,908$6,089,278$0
Other$0$69,101$72,751$98,780
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$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$136,010$9,062
Program service revenue
Program service revenue 1000000$000$0$9,062
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)$31,420$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)$102,090$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$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))$2,500$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
222519699100%$24,969,000$56,726,000
223474145100%$7,797,000$39,551,000
22357216295%$29,747,791$33,775,252
22196848050%$17,927,000$7,093,000
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
223471515Meridian Health System Inc, Meridian Hospitals CorporationNo$90,000
521772578Meridian Health System Inc, Meridian Nursing And RehabilitationNo$0
061755235Meridian Health System Inc, Meridian Practice Institute IncNo$0
222731440Meridian Health System Inc, Meridian Home Care Services IncNo$0
222581430Meridian Health System Inc, Health Innovations Unlimited IncNo$0
222342452Meridian Health System Inc, Jersey Shore Univ Med Ctr FdnOrganization that receives a substantial part of its support from a governmental unit or from the general publicNo$300,000
222361311Meridian Health System Inc, Ocean Medical Center Foundation IncOrganization that receives a substantial part of its support from a governmental unit or from the general publicNo$800,000
222333524Meridian Health System Inc, Riverview Medical Center Fndtn IncOrganization that receives a substantial part of its support from a governmental unit or from the general publicNo$0
300107825Meridian Health System Inc, Meridian Health Foundation IncOrganization that receives a substantial part of its support from a governmental unit or from the general publicNo$0
421718290Meridian Health System Inc, Meridian Nursing And RehabilitationNo$0
Total$1,190,000
Support Schedule
1999200020012006
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$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
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
Net income from unrelated business activities not included above$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
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
Other income$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
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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
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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