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← NEMOURS NEW JERSEY PHYSICIAN PRACTICE PC

Form 990 for tax year 2023

Filed by NEMOURS NEW JERSEY PHYSICIAN PRACTICE PC.

Totals

Total revenue
$14,480,553
Total expenses
$16,901,545
Contributions and grants received
$0
Grants paid
$2,500
Program service revenue
$9,568,596
Investment income
-$529,617
Other revenue
$5,441,574
Total assets, end of year
$2,872,915
Total liabilities, end of year
$39,834,500
Net assets or fund balances, end of year
-$36,961,585
Program services expenses (Part IX)
$16,607,303
Management and general expenses
$294,242
Fundraising expenses
$0
Program service expenses (Part III)
$16,607,303

Program services were 98.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Gross patient revenue

    total $65,031,346 · related or exempt $65,031,346 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Patient deductions

    total -$54,465,964 · related or exempt -$54,465,964 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Provision for bad debts

    total -$996,786 · related or exempt -$996,786 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $529,617

  • 7c · Gain or loss

    securities $0 · other assets -$529,617

  • 7d · Net gain or loss

    total -$529,617 · related or exempt $0 · unrelated business $0 · excluded -$529,617

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Specialized Services

    total $4,741,888 · related or exempt $4,741,888 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $699,686 · related or exempt $699,686 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $5,441,574

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500 · program services $2,500

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $12,491,068 · program services $12,466,309 · management and general $24,759 · fundraising $0

  • 8 · Pension plan contributions

    total $550,827 · program services $550,827 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $927,313 · program services $695,337 · management and general $231,976 · fundraising $0

  • 10 · Payroll taxes

    total $652,060 · program services $652,060 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $327,255 · program services $323,453 · management and general $3,802 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $131,705 · program services $131,475 · management and general $230 · fundraising $0

  • 14 · Information technology

    total $500 · program services $500 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $163,761 · program services $163,761 · management and general $0 · fundraising $0

  • 17 · Travel

    total $39,368 · program services $39,239 · management and general $129 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $16,314 · program services $16,314 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $442,739 · program services $442,739 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $1,075,790 · program services $1,075,790 · management and general $0 · fundraising $0

  • 24a · Other expenses: Maintenance contracts - Miscellaneous

    total $23,321 · program services $23,321 · management and general $0 · fundraising $0

  • 24b · Other expenses: Repairs and maintenance

    total $20,701 · program services $11,304 · management and general $9,397 · fundraising $0

  • 24c · Other expenses: Subscriptions (Databases, magazines & books)

    total $5,170 · program services $5,170 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $31,153 · program services $7,204 · management and general $23,949 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $300

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $8,342

  • 4 · Accounts receivable

    beginning of year $1,275,091 · end of year $2,511,655

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $2,373,761

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,175,978

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $197,783

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $154,835

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $2,491,284

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $8,171

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $35,815,684 · end of year $37,335,045

  • 27 · Net assets without donor restrictions

    beginning of year -$34,540,593 · end of year -$36,961,585

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

NJPP's mission is to provide services to restore and improve the health of children in the State of New Jersey, with one high standard of quality and regardless of the recipient's financial status.

Activities or mission (Part I)

Nemours New Jersey Physician Practice PC (NJPP) purpose is to provide services to restore and improve the health of children in the State of New Jersey, with one high standard of quality and regardless of the recipient's financial status.

  • To engage in activities relating to the aforementioned purposes; and to invest in, receive, hold, use and dispose of all property real or personal, as may be necessary or desirable to carry into effect the aforementioned purposes. Specifically, NJPP is organized and shall at all times be operated exclusively to support and further the mission of its sole member, (The Nemours Foundation, EIN 59-0634433, ("Nemours"), an IRC section 501(c)(3) charitable IRC section 170(b)(1)(A)(iii) health care organization), through the provision of health care to the community.

    Expenses $16,607,303 · Grants $2,500 · Revenue $15,010,170

As filed on the 2023 return.

Listed in Part VII

  • Mary Lee MD

    President & Director (To Apr '23)

    Total calculated
    $1,234,459
    From this org
    $0
    From related orgs
    $1,210,581
    Other
    $23,878
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,509 related
    Bonus
    $0 + $281,451 related
    Other
    $0 + $685,621 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,878 related
    Filer's total
    $0 + $1,234,459 related

  • Meg Frizzola DO

    President and Director (From Apr '23)

    Total calculated
    $710,379
    From this org
    $0
    From related orgs
    $668,810
    Other
    $41,569
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $534,399 related
    Bonus
    $0 + $101,083 related
    Other
    $0 + $33,328 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $41,569 related
    Filer's total
    $0 + $710,379 related

  • Laura Kowal

    Former Secretary (End Apr '20)

    Total calculated
    $691,838
    From this org
    $0
    From related orgs
    $603,012
    Other
    $88,826
    Hours/week
    0 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,316 related
    Bonus
    $0 + $121,463 related
    Other
    $0 + $19,233 related
    Deferred
    $0 + $46,142 related
    Nontaxable benefits
    $0 + $42,684 related
    Filer's total
    $0 + $691,838 related

  • William W Higginbotham II

    Treasurer

    Total calculated
    $616,753
    From this org
    $0
    From related orgs
    $520,224
    Other
    $96,529
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,922 related
    Bonus
    $0 + $108,939 related
    Other
    $0 + $48,363 related
    Deferred
    $0 + $42,700 related
    Nontaxable benefits
    $0 + $53,829 related
    Filer's total
    $0 + $616,753 related

  • Meghan Livingston

    Secretary

    Total calculated
    $288,515
    From this org
    $0
    From related orgs
    $264,121
    Other
    $24,394
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,325 related
    Bonus
    $0 + $20,476 related
    Other
    $0 + $320 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,394 related
    Filer's total
    $0 + $288,515 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Nemours has established and NJPP has adopted a policy for the reimbursement of travel and related expenses incurred by its employees. All transportation and travel arrangements shall be the most economical under the circumstances. Excursion or coach fares shall be ordered whenever available. Approval shall be required for any other class of travel. Each department has the right to limit travel expenditures based on budgetary restrictions and may limit coverage to certain categories of travel expense. First class travel may occur in situations for Nemours employees wherein other fares are not available or travel is for a long period of time or overseas. Board members also have the option of traveling first class under certain conditions in accordance with Nemours policy.
Schedule J, Part I, Line 4
The following associate received severance payments paid by Nemours in 2023: Mary Lee MD (526,759). Nemours maintained a Supplemental Executive Retirement Plan ("SERP") for a select group of management or highly compensated employees as determined by the Board of Directors. The SERP was adopted in order to provide certain key employees with non-qualified deferred compensation benefits subject to IRC section 457(f) in recognition of the services they provide. Nemours makes discretionary contributions to the plan and may amend or terminate the plan at any time. Participants receiving distributions in 2023 include: Mary Lee (55,338) and William W Higginbotham II (39,425).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SDP Special Situations LLC - Series M

    Excluded · Investments · CA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Alfred I duPont Charitable Trust

  • JMK MK SIDE CAR LP

    Excluded · Investments · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Alfred I duPont Charitable Trust

  • Sprints Capital Flint LP

    Excluded · Investments · GK · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Alfred I duPont Charitable Trust

  • Seacrest NCS Fund LP

    Excluded · Investments · BD · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Alfred I duPont Charitable Trust

  • Atalaya AIF Coinvestment Fund LP

    Excluded · Investments · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Alfred I duPont Charitable Trust

  • Merewether Cyclicals Opportunities Fund LP

    Excluded · Investments · TX · 0% owned · share of income $0 · share of assets $0

    Directly controlled by Alfred I duPont Charitable Fund

  • Neuberger Berman Short Duration EM Debt Fund LLC

    Excluded · Investments · IL · 0% owned · share of income $0 · share of assets $0

    Directly controlled by The Nemours Foundation

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Dornoch Sutherland Assurance LTD

    C · Captive Insurance · CJ

    Directly controlled by The Nemours Foundation

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.0
Source object
202403129349302545

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