Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $248,690

• 1d · Related organizations

  $108,295

• 1f · All other contributions, gifts and grants

  $522,328

• 1g · Noncash contributions included above

  $31,821

• 3 · Investment income

  total $312,057 · excluded $312,057

• 7a · Gross sales of assets other than inventory

  securities $5,593,067

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

  securities $5,294,255

• 7c · Gain or loss

  securities $298,812

• 7d · Net gain or loss

  total $298,812 · excluded $298,812

• 8a · Fundraising events: gross income

  $160,983

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

  $248,690

• 8b · Fundraising events: direct expenses

  $200,384

• 8c · Net income from fundraising events

  total -$39,401 · excluded -$39,401

• 9a · Gaming: gross income

  $26,400

• 9b · Gaming: direct expenses

  $13,200

• 9c · Net income from gaming

  total $13,200 · excluded $13,200

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,881,860 · program services $2,881,860

• 11a · Fees: management

  total $24,000 · management and general $2,640 · fundraising $21,360

• 11e · Fees: professional fundraising services

  total $46,147 · fundraising $46,147

• 11f · Fees: investment management

  total $69,001 · management and general $7,590 · fundraising $61,411

• 11g · Fees: other

  total $23,449 · management and general $2,579 · fundraising $20,870

• 13 · Office expenses

  total $13,602 · management and general $1,496 · fundraising $12,106

• 16 · Occupancy

  total $27,564 · management and general $3,032 · fundraising $24,532

• 19 · Conferences, conventions and meetings

  total $21,151 · management and general $2,327 · fundraising $18,824

• 24a · Other expenses: Personnel Cost Alloc.

  total $371,792 · management and general $40,897 · fundraising $330,895

• 24b · Other expenses: Dues and Subscriptions

  total $455 · management and general $50 · fundraising $405

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,021,364 · end of year $2,519,125

• 3 · Pledges and grants receivable

  beginning of year $695,519 · end of year $414,980

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

  $19,030

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

  $19,030

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $17,651,190 · end of year $12,522,964

• 17 · Accounts payable and accrued expenses

  beginning of year $80,941 · end of year $84,879

• 25 · Other liabilities

  beginning of year $589,925 · end of year $959,045

• 27 · Net assets without donor restrictions

  beginning of year $10,621,063 · end of year $7,897,429

• 28 · Net assets with donor restrictions

  beginning of year $9,076,144 · end of year $6,515,716

The filer's explanations (Part III)

Part I, Line 4b

2022 Supplemental Executive Retirement Plan (SERP) Earned Credits Atlantic Health implemented a non-qualified Supplemental Executive Retirement Plan (SERP) paid entirely by Atlantic Health System. The SERP is provided to individuals that hold an executive position with Atlantic Health System. The SERP is in addition to benefits provided under the Atlantic Health System 403(b) and the Cash Balance plan if hired prior to December 15, 2013. During 2022, the following Trustees received SERP credits: Maureen Schneider $73,518 Michael Walter 33,750 The above amounts represent earned credits which have not vested and were not included in the respective 2022 W-2 compensation. However, the earned credits were included as Other Compensation in Column (F) of Part VII and in Schedule J, Column (C) of the 2022 IRS 990 tax return per IRS guidance. Once the Trustee meets the applicable vesting criteria of the plan, the SERP credits will be included as taxable compensation in the respective Form W-2 of that year. 2022 Supplemental Executive Retirement Plan (SERP)Taxable Distributions There were no SERP distribution made druing 2022 to any CMCF Trustees or Officers. Part I, Line 4b: 2022 Mid Career Hire Plan Earned Credits The following Officer/trustee/key employee earned credits in the non-qualified retirement plan-457(f) plan known as the Mid-Career Hire Plan (MCHP): Kevin Lenahan $1,387,870 The above amount represents earned credits which have not vested and were not included in the respective 2022 W-2 compensation. However, the earned credits were included as Other Compensation in Column (F) of Part VII and as Deferred Compensation in Column (C) of Part II, Schedule J of the 2022 IRS 990 tax return per IRS guidance. Once the officer meets the applicable vesting criteria of the plan, the MCHP credits will be included as taxable compensation in their respective W-2's of that year. 2022 Mid Career Hire Plan The organization provides a supplemental non-qualified retirement plan (457f plan) known as the Mid-Career Hire Plan (MCHP) for certain officers and key employees. During 2022, the following officer/key employee received vested distributions in this non-qualified retirement plan. Such distributions were included in Box 1, Box 5 and Box 16 of their respective Form W-2: Kevin Lenahan $2,578,814 The Mid Career Hire Plan was terminated effective January 1, 2023. Any existing participants were transferred at that time into the Supplmental Exectiuve Retirement Plan (SERP) as outlined above.

Related partnerships

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

• Morristown Medical Investors

  Real Estate · NJ

• Primary Care Partners LLC

  Physician Services · NJ

• Atlantic Rehabilittation Institute LLC

  Rehabilitation Facility · NJ

• Atlantic Health Partners LLC

  Physician Services · NJ

Related corporations and trusts

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

• Atlantic Health Management Corp and Subsidiaries

  C · Healthcare · NJ

• AHS Insurance Company LTD

  C · Insurance · NJ

• Nutley Medical Care PA

  C · Healthcare · NJ

• Non-Invasive Diagnostics PA

  C · Healthcare · NJ

• Specialty Care of Practice Associates PA

  C · Healthcare · NJ

• Maternal Fetal Medicine of Practice Associates PA

  C · Healthcare · NJ

• Madison Pediatrics PA

  C · Healthcare · NJ

• AHS ACO LLC

  C · Physician Practice · NJ

• The Northwest New Jersey MedicalAlliance PC

  C · Healthcare Services · NJ

• The Northwest New Jersey Urgent Care Alliance PC

  C · Healthcare Services · NJ

• Chilton Community Care Inc and Subs

  C · Healthcare · NJ

• Atlantic Advanced Urgent Care LLC

  C · Healthcare · NJ

• Care Better ACO LLC

  C · Physician Practice · NJ

• Atlantic Executive Health PA

  C · Physician Practice · NJ

• AHS Health Network LLC

  C · Physician Practice · NJ

• Atlantic Health ACO LLC

  C · Physician Practice · NJ

• Tertiary Care Specialists of Practice Associates PA

  C · Physician Practice · NJ

• Visiting Nurse Association of Somerset Hills Office Park Condominium

  C · Home health services · NJ

• Ancillary Specialists of Practice Assoc

  C · Physician Practice · NJ

• Functional Medicine of Practice Associates PA

  C · Physician Practice · NJ

• Atlantic Urgent Care LLC

  C · Healthcare Services · NJ

• CentraState Healthcare Services Inc

  C · Health Services · NJ

  Directly controlled by Atlantic Heatlh System Inc

• CentraState Medical Associates PC

  C · Health Services · NJ

  Directly controlled by Atlantic Heatlh System Inc

• CentraState Specialists PC

  C · Health Services · NJ

  Directly controlled by Atlantic Heatlh System Inc

• CentraState Captive Insurance Co LTD

  Health Services · CJ

  Directly controlled by Atlantic Heatlh System Inc