Summit Health - Virtua Inc in Marlton, New Jersey (NJ)

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Summit Health - Virtua Inc
Employer Identification Number (EIN)521814579
Name of OrganizationSummit Health - Virtua Inc
Address401 Rt 73 N 50 Lake Ctr Dr Ste 400, Marlton, NJ 08053
ActivitiesHospital
SubsectionCharitable Organization, Educational Organization
Ruling Date05/1993
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1
Amount of Income$170,000
Form 990 Revenue Amount$170,000


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Financial snapshot ($)

Revenue for 2012

Functional expenses 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$3,864,083
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$3,793,318
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,461
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$30,538
Gross amount from sales of assets other than inventory (Securities / Other)$495,931 / $0
Less: cost or other basis and sales expenses (Securities / Other)$465,393 / $0
Gain or (loss) (Securities / Other)$30,538 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$36,766
Gross sales of inventory, less returns and allowances$102,453
Less: cost of goods sold$65,687
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$5,241,826
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$1,533,949
Payroll taxes$0
Professional fundraising services$0
Other$3,707,877
Balance Sheet (for 2012)
Total assets$28,175,464
Total liabilities$9,592,638
Tax-exempt bond liabilities$8,394,583
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$1,198,055
Total net assets or fund balances$18,582,826
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:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
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