Totals
- Total revenue
- $3,171,173
- Total expenses
- $1,846,233
- Contributions and grants received
- $2,947,244
- Grants paid
- $1,620,411
- Program service revenue
- $0
- Investment income
- $204,097
- Other revenue
- $19,832
- Total assets, end of year
- $15,429,849
- Total liabilities, end of year
- $361,605
- Net assets or fund balances, end of year
- $15,068,244
- Program services expenses (Part IX)
- $1,620,411
- Management and general expenses
- $0
- Fundraising expenses
- $225,822
- Program service expenses (Part III)
- $1,620,411
Program services were 87.8% 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.
-
1c · Fundraising events
$529,925
-
1d · Related organizations
$6,000
-
1f · All other contributions, gifts and grants
$2,411,319
-
1g · Noncash contributions included above
$11,279
-
3 · Investment income
total $167,767 · excluded $167,767
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $36,330
-
7c · Gain or loss
securities $36,330
-
7d · Net gain or loss
total $36,330 · excluded $36,330
-
8a · Fundraising events: gross income
$271,406
-
8a · Fundraising events: contributions included on line 1c
$529,925
-
8b · Fundraising events: direct expenses
$271,406
-
8c · Net income from fundraising events
total $0 · excluded $0
-
9a · Gaming: gross income
$71,175
-
9b · Gaming: direct expenses
$51,343
-
9c · Net income from gaming
total $19,832 · excluded $19,832
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,562,792 · program services $1,562,792
-
2 · Grants to domestic individuals
total $57,619 · program services $57,619
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $28,250 · fundraising $28,250
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $33,810 · fundraising $33,810
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $28,500 · fundraising $28,500
-
17 · Travel
total $20 · fundraising $20
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $250 · fundraising $250
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $72 · fundraising $72
-
23 · Insurance
total $0
-
24a · Other expenses: ALLOCATION OF PERSONNEL COSTS
total $117,080 · program services $0 · management and general $0 · fundraising $117,080
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $11,585 · program services $0 · management and general $0 · fundraising $11,585
-
24c · Other expenses: STEWARDSHIP
total $6,255 · program services $0 · management and general $0 · fundraising $6,255
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $678,195 · end of year $650,692
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $1,137,873 · end of year $936,627
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
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
$62,906
-
10b · Land, buildings and equipment: accumulated depreciation
$62,651
-
10c · Land, buildings and equipment, net
beginning of year $327 · end of year $255
-
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 $10,763,279 · end of year $13,690,216
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $97,198 · end of year $152,059
-
17 · Accounts payable and accrued expenses
beginning of year $25,170 · end of year $45,946
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $150,000 · end of year $151,000
-
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 $100,912 · end of year $164,659
-
27 · Net assets without donor restrictions
beginning of year $1,526,676 · end of year $2,804,388
-
28 · Net assets with donor restrictions
beginning of year $10,874,114 · end of year $12,263,856
Mission and programs · 2023
Mission
ESTABLISHED IN 1981, SAINT PETER'S FOUNDATION IS THE PHILANTHROPIC ARM OF THE SAINT PETER'S HEALTHCARE SYSTEM. BUILDING UPON OUR CATHOLIC MINISTRY AND A LONG-STANDING TRADITION OF COMPASSIONATE AND HOLISTIC PATIENT CARE, WE CULTIVATE AND DISTRIBUTE RESOURCES TO ADVANCE THE DELIVERY OF EXCEPTIONAL HEALTHCARE SERVICES. OUR AIM IS TO FOSTER A CULTURE OF PHILANTHROPY AND RAISE AWARENESS FOR OUR PROGRAMS AND INITIATIVES BY INSPIRING OTHERS TO INVEST IN QUALITY HEALTH CARE FOR THOSE WE SERVE.
Activities or mission (Part I)
TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS & SERVICES OF ST. PETER'S HEALTHCARE SYSTEM WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS.
-
EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF SAINT PETER'S UNIVERSITY HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
Expenses $1,620,411 · Grants $1,620,411
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Leslie D Hirsch FACHE
TRUSTEE
- Total calculated
- $2,018,484
- From this org
- $0
- From related orgs
- $1,703,149
- Other
- $315,335
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $1,232,193 related
- Bonus
- $0 + $427,744 related
- Other
- $0 + $43,212 related
- Deferred
- $0 + $294,160 related
- Nontaxable benefits
- $0 + $21,175 related
- Filer's total
- $0 + $2,018,484 related
-
Garrick J Stoldt FHFMA CPA
Treasurer - CFO SPHCS
- Total calculated
- $945,687
- From this org
- $0
- From related orgs
- $824,300
- Other
- $121,387
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $642,418 related
- Bonus
- $0 + $137,395 related
- Other
- $0 + $44,487 related
- Deferred
- $0 + $93,086 related
- Nontaxable benefits
- $0 + $28,301 related
- Filer's total
- $0 + $945,687 related
-
Alyssa A Verderami Esq
VP; LEGAL & RISK MGMT
- Total calculated
- $657,268
- From this org
- $0
- From related orgs
- $555,474
- Other
- $101,794
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $438,866 related
- Bonus
- $0 + $94,797 related
- Other
- $0 + $21,811 related
- Deferred
- $0 + $70,357 related
- Nontaxable benefits
- $0 + $31,437 related
- Filer's total
- $0 + $657,268 related
-
James S Choma
VP; CATHOLIC MISSION & CDO
- Total calculated
- $486,194
- From this org
- $0
- From related orgs
- $408,247
- Other
- $77,947
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $0 + $307,481 related
- Bonus
- $0 + $72,320 related
- Other
- $0 + $28,446 related
- Deferred
- $0 + $56,812 related
- Nontaxable benefits
- $0 + $21,135 related
- Filer's total
- $0 + $486,194 related
-
David Samuel PE PP CME
Chairman - Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dani El-Haj
Vice Chairman - Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Anthony DeMarco
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Hyesung Demesmin PharmD
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Vincent J Dicks
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kevin P Egan
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Rev Monsignor John N Fell
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Richard A Malouf Sr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael McCormick
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Brian Regan
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Anita K Walsh
Trustee
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, QUESTION 4B
- THE DEFERRED COMPENSATION AMOUNT IN COLUMN C FOR THE FOLLOWING INDIVIDUALS INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THESE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNTS OUTLINED HEREIN WERE NOT INCLUDED IN EACH INDIVIDUAL'S 2023 FORM W-2, AS TAXABLE MEDICARE WAGES: LESLIE D. HIRSCH, FACHE, $277,660; GARRICK J. STOLDT, FHFMA, CPA, $76,586; ALYSSA A. VERDERAMI, ESQ., $53,857 AND JAMES S. CHOMA, $40,312.
- SCHEDULE J, PART I; QUESTION 7
- THE INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2023 WHICH WAS INCLUDED IN COLUMN (II) HEREIN AND IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.
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
-
SAINT PETER'S UNIVERSITY HOSPITAL
$1,562,792
PROGRAM SUPPORT
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.
-
SAINT PETER'S HEALTH & MGMT SVCS CORP
501(C)(3) · SUPPORT SPUH · NJ
Directly controlled by SPHCS
-
ST PETER'S HEALTHCARE SYSTEM INC
501(C)(3) · HOLDING CO. · NJ
Directly controlled by NA
-
ST PETER'S PROPERTIES CORPORATION
501(C)(2) · REAL ESTATE · NJ
Directly controlled by SPHCS
-
SAINT PETER'S UNIVERSITY HOSPITAL
501(C)(3) · HEALTH SVCS. · NJ
Directly controlled by SPHCS
-
NEW BRUNSWICK AFFILIATED HOSPITALS INC
501(C)(3) · HEALTH SVCS. · NJ
Directly controlled by RWJHCC
-
SAINT PETER'S HEALTHCARE SYST PHYS ASSOC
501(C)(3) · HEALTH SVCS. · NJ
Directly controlled by spuh
-
MARGARET MCLAUGHLIN MCCARRICK CARE CNTR
501(C)(3) · INACTIVE · NJ
Directly controlled by SPUH
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SAINT PETER'S SOLAR ENERGY SOLUTIONS INC
C CORP. · SOLAR ENERGY · NJ
-
RISK ASSURANCE CO OF SPUH
FOREIGN CORP. · FINANCIAL VEHICLE · CJ
-
SAINT PETER'S SPECIALTY PHYSICIANS PC
C CORP. · HEALTH SVCS. · NJ
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349317357
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