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Nonprofiteer
← COOPER HEALTH SYSTEMS

Form 990 for tax year 2022

Filed by COOPER HEALTH SYSTEMS.

Totals

Total revenue
$31,306,827
Total expenses
$9,667,489
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,157,851
Investment income
$20,081,679
Other revenue
$2,067,297
Total assets, end of year
$114,250,762
Total liabilities, end of year
$38,327,323
Net assets or fund balances, end of year
$75,923,439
Program services expenses (Part IX)
$9,667,489
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$9,667,489

Program services were 100.0% 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.

  • 2a · Program service revenue: AFFIL. OFFICE RENTAL

    total $5,423,700 · related or exempt $5,423,700

  • 2b · Program service revenue: INSURANCE CONTRIBUTION

    total $2,175,793 · related or exempt $2,175,793

  • 2c · Program service revenue: PARKING GARAGE

    total $1,558,358 · related or exempt $1,061,453 · excluded $496,905

  • 3 · Investment income

    total $20,356 · excluded $20,356

  • 7a · Gross sales of assets other than inventory

    securities $158,474 · other assets $20,000,000

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

    securities $97,151 · other assets $0

  • 7c · Gain or loss

    securities $61,323 · other assets $20,000,000

  • 7d · Net gain or loss

    total $20,061,323 · excluded $20,061,323

  • 11a · Other revenue: JOINT VENT L/N CAC LLC

    total $1,291,065 · unrelated business $640,436 · excluded $650,629

  • 11b · Other revenue: UMDNJ TRANS

    total $385,000 · excluded $385,000

  • 11c · Other revenue: JOINT VENT BONE&JOINT

    total $318,978 · excluded $318,978

  • 11d · All other revenue

    total $72,254 · unrelated business $72,254

  • 11e · Other revenue, total

    $2,067,297

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $307,244 · program services $307,244

  • 11g · Fees: other

    total $2,114,593 · program services $2,114,593

  • 16 · Occupancy

    total $1,032,298 · program services $1,032,298

  • 20 · Interest

    total $1,186,451 · program services $1,186,451

  • 22 · Depreciation, depletion and amortization

    total $759,242 · program services $759,242

  • 23 · Insurance

    total $153,948 · program services $153,948

  • 24a · Other expenses: CLAIMS/BENEFITS

    total $2,856,075 · program services $2,856,075

  • 24b · Other expenses: LICENSES/FEES/TAXES

    total $837,959 · program services $837,959

  • 24c · Other expenses: FACILITIES ALLOCATION

    total $203,674 · program services $203,674

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $198,778 · program services $198,778

  • 24e · All other expenses

    total $17,227 · program services $17,227

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,451,416 · end of year $23,401,578

  • 4 · Accounts receivable

    beginning of year $402,750 · end of year $402,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $367,492 · end of year $10,000

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

    $35,426,316

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

    $22,790,627

  • 10c · Land, buildings and equipment, net

    beginning of year $13,386,995 · end of year $12,635,689

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $63,578,327 · end of year $77,800,745

  • 17 · Accounts payable and accrued expenses

    beginning of year $378,361 · end of year $686,368

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $37,664,362 · end of year $36,140,070

  • 23 · Secured mortgages and notes payable

    beginning of year $1,425,744 · end of year $1,500,885

  • 25 · Other liabilities

    beginning of year $5,364,954 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $54,353,559 · end of year $75,923,439

Mission and programs · 2022

Mission

SEE SCHEDULE OCOOPER HEALTH SYSTEM IS AN INTEGRATED HEALTH CARE DELIVERY SYSTEM SERVING THE SOUTHERN NEW JERSEY REGION. COOPER HEALTH SYSTEM'S MISSION IS TO SERVE, TO HEAL, AND TO EDUCATE. COOPER ACCOMPLISHES ITS MISSION THROUGH INNOVATIVE AND EFFECTIVE SYSTEMS TO CARE, AND BY BRINGING PEOPLE AND RESOURCES TOGETHER, CREATING VALUE FOR OUR PATIENTS AND THE COMMUNITY. COOPER'S VISION IS TO BE THE PREMIER HEALTH CARE PROVIDER IN THE REGION, DRIVEN BY ITS EXCEPTIONAL PEOPLE DELIVERING A WORLD CLASS PATIENT EXPERIENCE, ONE PATIENT AT A TIME, AND THROUGH ITS COMMITMENT TO EDUCATING THE PROVIDERS OF THE FUTURE. THESE SUBORDINATES SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF COOPER.

Activities or mission (Part I)

TO SERVE, TO HEAL, AND TO EDUCATE.

  • THE PROGRAM SERVICE ACCOMPLISHMENTS OF THE SUBORDINATE ORGANIZATIONS INCLUDES SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF THE CENTRAL ORGANIZATION COOPER HEALTH SYSTEM. THE COOPER HEALTH SYSTEM GROUP RETURN IS COMPRISED OF THREE ORGANIZATIONS: COOPER MEDICAL SERVICES, COOPER HEALTH SYSTEM WORKER'S COMPENSATION TRUST AND COOPER CANCER CENTER. COOPER MEDICAL SERVICES OWNS AND MANAGES A MEDICAL OFFICE BUILDING ON THE CAMPUS OF COOPER HEALTH SYSTEM. (CONTINUED IN SCHEDULE O)COOPER HEALTH SYSTEM WORKER'S COMPENSATION TRUST PROVIDES WORKERS COMPENSATION INSURANCE COVERAGE TO EMPLOYEES OF THE COOPER HEALTH SYSTEM.COOPER CANCER CENTER GROUND LEASES REAL PROPERTY IN CAMDEN, NJ TO MD ANDERSON CANCER CENTER.

    Expenses $9,667,489 · Revenue $8,660,946

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anthony Mazzarelli Mdjdmbe

    TRUS/OFF(CO-PRES/CEO-CHS)

    Total calculated
    $2,864,933
    From this org
    $0
    From related orgs
    $2,673,849
    Other
    $191,084
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $860,093 related
    Bonus
    $0 + $1,678,383 related
    Other
    $0 + $135,373 related
    Deferred
    $0 + $163,298 related
    Nontaxable benefits
    $0 + $27,786 related
    Filer's total
    $0 + $2,864,933 related

  • Brian Reilly

    TRUSTEE/OFFICER (CFO-CHS)

    Total calculated
    $1,381,835
    From this org
    $0
    From related orgs
    $1,267,280
    Other
    $114,555
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $781,547 related
    Bonus
    $0 + $432,108 related
    Other
    $0 + $53,625 related
    Deferred
    $0 + $85,435 related
    Nontaxable benefits
    $0 + $29,120 related
    Filer's total
    $0 + $1,381,835 related

  • Elizabeth Green

    TRUSTEE/OFF (SVP HR-CHS)

    Total calculated
    $545,837
    From this org
    $0
    From related orgs
    $479,439
    Other
    $66,398
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,989 related
    Bonus
    $0 + $150,783 related
    Other
    $0 + $33,667 related
    Deferred
    $0 + $53,151 related
    Nontaxable benefits
    $0 + $13,247 related
    Filer's total
    $0 + $545,837 related

  • Kenneth M Wright

    TREAS (SVP/CAO-CHS)

    Total calculated
    $542,483
    From this org
    $0
    From related orgs
    $499,121
    Other
    $43,362
    Hours/week
    3 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $353,162 related
    Bonus
    $0 + $113,140 related
    Other
    $0 + $32,819 related
    Deferred
    $0 + $39,352 related
    Nontaxable benefits
    $0 + $4,010 related
    Filer's total
    $0 + $542,483 related

  • Kevin O'Dowd JD

    TRUS/OFF(CO-PRES/CEO-CHS)

    Total calculated
    $2,965,553
    From this org
    $0
    From related orgs
    $2,773,766
    Other
    $191,787
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $859,482 related
    Bonus
    $0 + $1,778,383 related
    Other
    $0 + $135,901 related
    Deferred
    $0 + $163,298 related
    Nontaxable benefits
    $0 + $28,489 related
    Filer's total
    $0 + $2,965,553 related

  • Dina Mathews-Laurendeau

    SECRETARY (SEC OF THE BD-CHS)

    Total calculated
    $164,830
    From this org
    $0
    From related orgs
    $139,020
    Other
    $25,810
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,022 related
    Bonus
    $0 + $500 related
    Other
    $0 + $498 related
    Deferred
    $0 + $3,645 related
    Nontaxable benefits
    $0 + $22,165 related
    Filer's total
    $0 + $164,830 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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
DURING THE YEAR, CERTAIN OFFICERS 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 ON SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION. KEVIN O'DOWD, JD ANTHONY MAZZARELLI, MD, JD, MBE BRIAN REILLY ELIZABETH GREEN KENNETH WRIGHT DURING THE CALENDAR YEAR, CERTAIN OFFICERS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUALS LISTED BELOW HAD A PORTION OF THE CONTRIBUTIONS CONSIDERED NOT YET VESTED; THEREFORE, UNVESTED CONTRIBUTIONS ARE REPORTED ON SCHEDULE J, PART II, COLUMN C, RETIREMENT AND OTHER DEFFERED COMPENSATION. KEVIN O'DOWD, JD ANTHONY MAZZARELLI, MD, JD, MBE BRIAN REILLY KENNETH WRIGHT ELIZABETH GREEN
PART I, LINE 7
BONUSES PAID BY A RELATED ORGANIZATION ARE BASED ON A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL GOAL ACHIEVEMENTS, ORGANIZATION OPERATION ACHIEVEMENTS, JOB TITLE, LEVEL, AND PERFORMANCE RATING. THE FINAL DETERMINATION OF THE BONUS AMOUNT IS DETERMINED AND APPROVED BY THE BOARD AS PART OF THE OVERALL COMPENSATION REVIEW OF THE OFFICERS.

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.

  • THE COOPER HEALTH SYSTEM A NJ NON-PROFIT CORPORATION

    501(C)(3) · HEALTH SVCS · NJ

  • THE COOPER HLTH SYS - WRKRS COMP TRUST

    501(C)(3) · SUPPORT CHS · NJ

    Directly controlled by CH SYSTEM

  • THE COOPER FOUNDATION INC

    501(C)(3) · SUPPORT CHS · NJ

    Directly controlled by CH SYSTEM

  • COOPER MEDICAL SEVICES INC

    501(C)(3) · SUPPORT CHS · NJ

    Directly controlled by CH SYSTEM

  • RADIATION ONCOLOGY PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • CRITICAL CARE GROUP PA

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER URGENT CARE PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER UNIVERSITY TRAUMA PHYSICIANS PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER UNIVERSITY RADIOLOGY PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER UNIVERSITY EMERGENCY PHYSICIANSPC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER SURGICAL ASSOCIATES PA

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PRIMARY CARE AT PENNSVILLE PA

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PHYSICIAN OFFICES PA

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PHYSICAL MEDICINE&REHAB ASSOC PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PERINATOLOGY ASSOCIATES PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PEDIATRICS PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PEDIATRIC SPECIALISTS PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER PATHOLOGY PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER OBSTETRICAL ASSOCIATES PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER NEPHROLOGY PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER GYN ONCOLOGY ASSOCIATION PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER FAMILY MEDICINE PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER FACULTY OB-GYN PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER DEPARTMENT OF NEUROSCIENCE PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER CARE ALLIANCE PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER CANCER CENTER INC

    501(C)(3) · HEALTH SVCS · NJ

    Directly controlled by CH SYSTEM

  • COOPER BONE AND JOINT INSTITUTE PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • COOPER ANESTHESIA ASSOCIATES PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • CMC PSYCHIATRIC ASSOCIATES PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • CMC DEPARTMENT OF MEDICINE GROUP PA

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • CHC PAIN MANAGEMENT CENTER PA

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • CENTER FOR HEALTH AND WELLNESS PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • UNIVERSITY UROGYNECOLOGY ASSOCIATION PC

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

  • ASSET HEALTH MANAGEMENT (FKA COOPER APEX CARE)

    501(C)(3) · CONCIERGE MEDICINE · NJ

    Directly controlled by CH SYSTEM

  • COOPER DENTISTRY

    501(C)(3) · PHYSICIAN PRACTICES · NJ

    Directly controlled by CH SYSTEM

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GLOUCESTER 42 ASSOCIATES LLC

    REAL ESTATE · NJ · income $0 · assets $129,550

    Directly controlled by CPR MEDICAL SERVICES

  • BLOCK 1401 LOT 33 LLC

    REAL ESTATE · NJ · income $0 · assets $0

    Directly controlled by CPR MEDICAL SERVICES

  • 400 BROADWAY CAMDEN LLC

    REAL ESTATE · NJ · income $0 · assets $0

    Directly controlled by CPR MEDICAL SERVICES

  • 414 BROADWAY PROPERTY LLC

    REAL ESTATE · NJ · income $0 · assets $0

    Directly controlled by CPR MEDICAL SERVICES

  • BROADWAY CAMDEN INVESTMENTS LLC

    REAL ESTATE · NJ · income $0 · assets -$103,981

    Directly controlled by CPR MEDICAL SERVICES

  • COOPER MEDICAL SUPPLY LLC

    INACTIVE · NJ · income $0 · assets $0

    Directly controlled by CPR MEDICAL SERVICES

  • BLOCK 1443 LOT 1 LLC

    REAL ESTATE · NJ · income $0 · assets $0

    Directly controlled by CPR MEDICAL SERVICES

Related corporations and trusts

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

  • C&H COLLECTION SERVICES INC

    C · COLLECTIONS · NJ · share of assets $407,654

    Directly controlled by CH SERVICES

  • COOPER HEALTHCARE PROPERTIES INC

    C · REAL ESTATE · NJ · share of income $2,946,721 · share of assets $1,235,669

    Directly controlled by CH SERVICES

  • COOPER HEALTHCARE SERVICES INC

    C · HEALTH SERVICES · NJ · share of assets $11,837,412

    Directly controlled by COOPER HEALTH

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349307275

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