Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $201,628

• 1e · Government grants (contributions)

  $2,364,840

• 1f · All other contributions, gifts and grants

  $1,339,323

• 2a · Program service revenue: NET PATIENT SERV. REV

  total $131,944,540 · related or exempt $131,944,540

• 2b · Program service revenue: OTHER PATIENT RELATED

  total $322,081 · related or exempt $322,081

• 2c · Program service revenue: LAB REVENUE

  total $16,466 · related or exempt $16,466

• 3 · Investment income

  total $1,818,839 · excluded $1,818,839

• 6a · Gross rents

  real property $14,118

• 6b · Less rental expenses

  real property $379,062

• 6c · Rental income or loss

  real property -$364,944

• 6d · Net rental income or loss

  total -$364,944 · excluded -$364,944

• 7a · Gross sales of assets other than inventory

  securities $36,515,720

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

  securities $30,106,357

• 7c · Gain or loss

  securities $6,409,363

• 7d · Net gain or loss

  total $6,409,363 · excluded $6,409,363

• 8a · Fundraising events: gross income

  $58,147

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

  $201,628

• 8b · Fundraising events: direct expenses

  $61,902

• 8c · Net income from fundraising events

  total -$3,755 · excluded -$3,755

• 11a · Other revenue: EMPLOYEE PROGRAM REV

  total $678,096 · excluded $678,096

• 11b · Other revenue: CAFETERIA REVENUE

  total $517,980 · excluded $517,980

• 11c · Other revenue: GIFT SHOP

  total $93,892 · excluded $93,892

• 11d · All other revenue

  total $13,099 · excluded $13,099

• 11e · Other revenue, total

  $1,303,067

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $12,136 · program services $12,136

• 2 · Grants to domestic individuals

  total $14,137 · program services $14,137

• 5 · Compensation of officers, directors and key employees

  total $6,206,063 · program services $1,517,689 · management and general $4,688,374

• 6 · Compensation of disqualified persons

  total $57,997 · program services $57,997

• 7 · Other salaries and wages

  total $55,982,440 · program services $41,986,830 · management and general $13,995,610

• 8 · Pension plan contributions

  total $2,079,003 · program services $1,559,252 · management and general $519,751

• 9 · Other employee benefits

  total $8,782,532 · program services $6,586,899 · management and general $2,195,633

• 10 · Payroll taxes

  total $4,656,139 · program services $3,492,104 · management and general $1,164,035

• 11a · Fees: management

  total $811,136 · program services $202,784 · management and general $608,352

• 11b · Fees: legal

  total $1,198,269 · program services $299,567 · management and general $898,702

• 11c · Fees: accounting

  total $585,875 · management and general $585,875

• 11d · Fees: lobbying

  total $79,622 · program services $79,622

• 11f · Fees: investment management

  total $188,960 · management and general $188,960

• 11g · Fees: other

  total $22,505,301 · program services $16,878,976 · management and general $5,626,325

• 12 · Advertising and promotion

  total $265,727 · program services $199,295 · management and general $66,432

• 13 · Office expenses

  total $2,318,461 · program services $1,738,846 · management and general $579,615

• 14 · Information technology

  total $1,814,271 · program services $1,360,703 · management and general $453,568

• 16 · Occupancy

  total $2,835,211 · program services $2,126,408 · management and general $708,803

• 17 · Travel

  total $435,951 · program services $326,963 · management and general $108,988

• 19 · Conferences, conventions and meetings

  total $82,672 · program services $62,004 · management and general $20,668

• 20 · Interest

  total $731,212 · program services $548,409 · management and general $182,803

• 22 · Depreciation, depletion and amortization

  total $7,032,688 · program services $5,274,516 · management and general $1,758,172

• 23 · Insurance

  total $1,340,595 · program services $1,005,446 · management and general $335,149

• 24a · Other expenses: MEDICAL SUPPLIES

  total $24,047,475 · program services $24,047,475

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $4,490,583 · program services $3,367,937 · management and general $1,122,646

• 24c · Other expenses: DUES & BOOK SUBSCRIPT.

  total $1,968,401 · program services $1,476,301 · management and general $492,100

• 24d · Other expenses: LICENSES & TAXES

  total $140,605 · program services $117,171 · management and general $23,434

• 24e · All other expenses

  total $586,720 · program services $428,321 · management and general $158,399

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $44,420 · end of year $152,706

• 2 · Savings and temporary cash investments

  beginning of year $46,714 · end of year $46,723

• 4 · Accounts receivable

  beginning of year $15,803,703 · end of year $33,448,170

• 7 · Other notes and loans receivable

  end of year $1,373,865

• 8 · Inventories for sale or use

  beginning of year $2,656,906 · end of year $3,134,431

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,492,354 · end of year $2,463,502

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

  $60,696,610

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

  $2,829,625

• 10c · Land, buildings and equipment, net

  beginning of year $55,258,555 · end of year $57,866,985

• 13 · Investments: program-related

  beginning of year $61,867,620 · end of year $7,975,583

• 15 · Other assets

  beginning of year $4,880,422 · end of year $2,547,501

• 17 · Accounts payable and accrued expenses

  beginning of year $19,800,680 · end of year $16,151,952

• 23 · Secured mortgages and notes payable

  beginning of year $19,004,819 · end of year $18,515,865

• 25 · Other liabilities

  beginning of year $22,665,679 · end of year $10,488,572

• 27 · Net assets without donor restrictions

  beginning of year $79,850,001 · end of year $63,233,560

• 28 · Net assets with donor restrictions

  beginning of year $2,729,515 · end of year $619,517

The filer's explanations (Part III)

PART I, LINE 4B

DURING THE CALENDAR YEAR, CERTAIN OFFICERS AND KEY EMPLOYEE PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUALS LISTED BELOW HAD A PORTION OF THE CONTRIBUTIONS VEST IN THE PLAN IN THE CURRENT YEAR. SUCH VESTED CONTRIBUTIONS ARE REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION. JOANNE CARROCINO FACHE $1,188,572 MARK R. GILL $883,305 BYRON K. HUNTER $326,965 THE DEFERRED COMPENSATION AMOUNT REPORTED IN SCHEDULE J, PART II, 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, THE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNTS OUTLINED HEREIN WERE NOT INCLUDED IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5 AS TAXABLE MEDICARE WAGES: JOANNE CARROCINO FACHE, $47,844, MARK R. GILL, $36,193 AND BYRON K. HUNTER, $23,067

PART I, LINE 6

THE DEFERRED COMPENSATION AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN C MAY INCLUDE ADDITIONAL CONTRIBUTIONS MADE BY COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC. ("CRMC") TO EMPLOYEES THAT PARTICIPATE IN THE CRMC INTERNAL REVENUE CODE SECTION 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN. ACCORDING TO ARTICLE 35 OF CRMC'S COLLECTIVE BARGAINING AGREEMENT, IF CRMC'S AUDITED INCOME FROM OPERATIONS AS REPORTED IN ITS AUDITED FINANCIAL STATEMENTS EXCEEDS CERTAIN THRESHOLDS OUTLINED IN THE COLLECTIVE BARGAINING AGREEMENT, CRMC WILL CONTRIBUTE ADDITIONAL FUNDS INTO EACH PARTICIPATING MEMBER'S INTERNAL REVENUE CODE SECTION 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN ACCOUNT.

PART I, LINE 7

CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2024. THESE AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES.

Related partnerships

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

• CRPT MGMT SVCS LLC

  MANAGMENT SVCS. · NJ

• CAPE REGIONAL MIRACLES FITNESS LLC

  FITNESS CENTER · NJ

Related corporations and trusts

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

• C&H COLLECTION SERVICES INC

  C · COLLECTIONS · NJ

• COOPER HEALTHCARE PROPERTIES INC

  C · REAL ESTATE · NJ

• COOPER HEALTHCARE SERVICES INC

  C · HEALTH SERVICES · NJ

• CAPE REGIONAL HEALTH ENTERPRISES

  C · HEALTHCARE MGT. · NJ

• CAPE CARDIOLOGY ASSOCIATES INC

  C · HEALTHCARE SVCS. · NJ

• CAPE IMAGING SERVICES

  C · HEALTHCARE SVCS. · NJ

• CAPE PHYSICIANS ASSOCIATES PA

  C · HEALTHCARE SVCS. · NJ · 100% owned · share of income $26,684,243 · share of assets $7,034,403 · controlled entity

  Directly controlled by CRMC