Form 990 for tax year 2023
Filed by BACHARACH INSTITUTE FOR REHABILITATION INC.
Totals
- Total revenue
- $3,475,258
- Total expenses
- $24,411,976
- Contributions and grants received
- $36,049
- Grants paid
- $0
- Program service revenue
- $6,048,632
- Investment income
- -$2,615,238
- Other revenue
- $5,815
- Total assets, end of year
- $38,982,962
- Total liabilities, end of year
- $3,923,981
- Net assets or fund balances, end of year
- $35,058,981
- Program services expenses (Part IX)
- $16,452,580
- Management and general expenses
- $7,959,396
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $16,452,580
Program services were 67.4% 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.
-
1f · All other contributions, gifts and grants
$36,049
-
2a · Program service revenue: NET PATIENT SERVICE REVENUE
total $3,832,643 · related or exempt $3,832,643
-
2b · Program service revenue: OTHER HEALTHCARE RELATED REVENUE
total $2,215,989 · related or exempt $2,215,989
-
3 · Investment income
total $253,040 · excluded $253,040
-
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 $11,310,291 · other assets $579,970
-
7b · Less cost or other basis and sales expenses
securities $11,407,958 · other assets $3,350,581
-
7c · Gain or loss
securities -$97,667 · other assets -$2,770,611
-
7d · Net gain or loss
total -$2,868,278 · excluded -$2,868,278
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: CAFETERIA & VENDING
total $5,815 · excluded $5,815
-
11e · Other revenue, total
$5,815
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
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 $1,283,390 · program services $955,125 · management and general $328,265
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $13,197,673 · program services $9,821,980 · management and general $3,375,693
-
8 · Pension plan contributions
total $138,692 · program services $104,824 · management and general $33,868
-
9 · Other employee benefits
total $2,125,242 · program services $1,606,274 · management and general $518,968
-
10 · Payroll taxes
total $439,869 · program services $332,456 · management and general $107,413
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $386,649 · program services $28,626 · management and general $358,023
-
11c · Fees: accounting
total $63,685 · program services $4,715 · management and general $58,970
-
11d · Fees: lobbying
total $10,940 · management and general $10,940
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $8,574 · management and general $8,574
-
11g · Fees: other
total $2,301,886 · program services $170,104 · management and general $2,131,782
-
12 · Advertising and promotion
total $17,710 · program services $1,311 · management and general $16,399
-
13 · Office expenses
total $178,460 · management and general $178,460
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $849,195 · program services $516,649 · management and general $332,546
-
17 · Travel
total $9,541 · management and general $9,541
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $72,602 · program services $62,462 · management and general $10,140
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,235,863 · program services $1,117,674 · management and general $118,189
-
23 · Insurance
total $1,440,656 · program services $1,296,590 · management and general $144,066
-
24a · Other expenses: MEDICAL SUPPLIES
total $531,427 · program services $419,827 · management and general $111,600
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $17,717 · program services $12,898 · management and general $4,819
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $12,348 · program services $1,065 · management and general $11,283
-
24d · Other expenses: OTHER EXPENSES
total $89,857 · management and general $89,857
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,889,036 · end of year $2,320,597
-
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 $0
-
4 · Accounts receivable
beginning of year $4,774,592 · 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 $239,019 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $996,643 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$4,500,000
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $9,074,647 · end of year $4,500,000
-
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 $45,700,530 · end of year $32,040,083
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $563,600 · end of year $122,282
-
17 · Accounts payable and accrued expenses
beginning of year $5,288,757 · end of year $1,078,682
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $2,807,300 · end of year $2,372,097
-
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 $1,401,037 · end of year $473,202
-
27 · Net assets without donor restrictions
beginning of year $48,943,658 · end of year $29,843,523
-
28 · Net assets with donor restrictions
beginning of year $4,797,315 · end of year $5,215,458
Mission and programs · 2023
Mission
RESTORING INDEPENDENCE AND WELL-BEING THROUGH QUALITY, CARING, ADVOCACY AND ACCESSIBLE INTERDISCIPLINARY SERVICES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
Activities or mission (Part I)
RESTORING INDEPENDENCE AND WELL-BEING THROUGH QUALITY, CARING, ADVOCACY AND ACCESSIBLE INTERDISCIPLINARY SERVICES.
-
EXPENSES INCURRED IN PROVIDING INPATIENT ACUTE-CARE, OUTPATIENT AND SKILLED NURSING HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. FOR ADDITIONAL INFORMATION, PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATIONS COMMUNITY BENEFIT INFORMATION.
Expenses $16,452,580 · Revenue $6,048,632
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Craig J Anmuth DoCRAIG J ANMUTH DO
MEDICAL DIRECTOR
- Total calculated
- $389,806
- From this org
- $385,212
- From related orgs
- $0
- Other
- $4,594
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $132,070
- Bonus
- $0
- Other
- $253,142
- Deferred
- $4,341
- Nontaxable benefits
- $253
- Filer's total
- $389,806
-
Beth Hoffman Pt MsBETH HOFFMAN PT MS
PRESIDENT/CEO
- Total calculated
- $341,811
- From this org
- $305,929
- From related orgs
- $0
- Other
- $35,882
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $166,153
- Bonus
- $0
- Other
- $139,776
- Deferred
- $6,277
- Nontaxable benefits
- $29,605
- Filer's total
- $341,811
-
Wei Xu MDWEI XU MD
PHYSIATRIST
- Total calculated
- $223,247
- From this org
- $205,195
- From related orgs
- $0
- Other
- $18,052
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $105,422
- Bonus
- $0
- Other
- $99,773
- Deferred
- $3,873
- Nontaxable benefits
- $14,179
- Filer's total
- $223,247
-
Jeanne VukstaJEANNE VUKSTA
DIRECTOR OF DECISION SUPPORT
- Total calculated
- $219,371
- From this org
- $182,597
- From related orgs
- $0
- Other
- $36,774
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $51,583
- Bonus
- $0
- Other
- $131,014
- Deferred
- $4,669
- Nontaxable benefits
- $32,105
- Filer's total
- $219,371
-
Sharrie RapagnaSHARRIE RAPAGNA
DIRECTOR PHYSICAL THERAPY
- Total calculated
- $202,332
- From this org
- $193,592
- From related orgs
- $0
- Other
- $8,740
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $48,661
- Bonus
- $0
- Other
- $144,931
- Deferred
- $2,360
- Nontaxable benefits
- $6,380
- Filer's total
- $202,332
-
Shawn RyanSHAWN RYAN
CHIEF FINANCIAL OFFICER
- Total calculated
- $197,616
- From this org
- $190,178
- From related orgs
- $0
- Other
- $7,438
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $190,178
- Bonus
- $0
- Other
- $0
- Deferred
- $5,451
- Nontaxable benefits
- $1,987
- Filer's total
- $197,616
-
John SperoJOHN SPERO
IT DIRECTOR
- Total calculated
- $197,526
- From this org
- $175,655
- From related orgs
- $0
- Other
- $21,871
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $97,332
- Bonus
- $0
- Other
- $78,323
- Deferred
- $3,104
- Nontaxable benefits
- $18,767
- Filer's total
- $197,526
-
Joyce GlickJOYCE GLICK
VP FOR AMBULATORY SERVICES
- Total calculated
- $196,104
- From this org
- $185,218
- From related orgs
- $0
- Other
- $10,886
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $55,707
- Bonus
- $0
- Other
- $129,511
- Deferred
- $2,665
- Nontaxable benefits
- $8,221
- Filer's total
- $196,104
-
Diane S CroshawDIANE S CROSHAW
TRUSTEE-COO/VP HUMAN RESOURCES
- Total calculated
- $167,863
- From this org
- $161,832
- From related orgs
- $0
- Other
- $6,031
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $161,832
- Bonus
- $0
- Other
- $0
- Deferred
- $4,641
- Nontaxable benefits
- $1,390
- Filer's total
- $167,863
-
Richard J Kathrins PhDRICHARD J KATHRINS PHD
TRUSTEE-CHIEF POLICY & REG OFF
- Total calculated
- $140,517
- From this org
- $135,023
- From related orgs
- $0
- Other
- $5,494
- Hours/week
- 1
-
Kimberley CornelyKIMBERLEY CORNELY
CNO/VP PATIENT SERVICES
- Total calculated
- $58,612
- From this org
- $58,612
- From related orgs
- $0
- Other
- $0
- Hours/week
- 55
-
Roy GoldbergROY GOLDBERG
VICE CHAIR - TRUSTEE
- Total calculated
- $45,779
- From this org
- $45,779
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Philip J Perskie EsqPHILIP J PERSKIE ESQ
CHAIR - TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ronald G RossiRONALD G ROSSI
SECRETARY - TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Philip DiberardinoPHILIP DIBERARDINO
TREASURER - TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alex BarreraALEX BARRERA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cornelius McPeak JrCORNELIUS MCPEAK JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tom BallanceTOM BALLANCE
TRUSTEE (TERM 6/23)
- Total calculated
- $0
- Hours/week
- 1
-
David Blecker MDDAVID BLECKER MD
TRUSTEE (TERM 6/23)
- Total calculated
- $0
- Hours/week
- 1
-
David CoskeyDAVID COSKEY
TRUSTEE (TERM 6/23)
- Total calculated
- $0
- Hours/week
- 1
-
Michael FedorkoMICHAEL FEDORKO
TRUSTEE (TERM 6/23)
- Total calculated
- $0
- Hours/week
- 1
-
Francis X FeeFRANCIS X FEE
TRUSTEE (TERM 6/23)
- Total calculated
- $0
- Hours/week
- 1
-
Edward KlineEDWARD KLINE
TRUSTEE (TERM 6/23)
- Total calculated
- $0
- Hours/week
- 1
-
Elliot M Kraus MDELLIOT M KRAUS MD
TRUSTEE-Md STAFF PRS(TERM6/23)
- Total calculated
- $0
- Hours/week
- 1
-
Rosalind KrauseROSALIND KRAUSE
TRUSTEE (TERM 6/23)
- Total calculated
- $0
- Hours/week
- 1
-
James G Lowe MDJAMES G LOWE MD
TRUSTEE (TERM 6/23)
- Total calculated
- $0
- Hours/week
- 1
-
Robert MaironeROBERT MAIRONE
TRUSTEE (TERM 6/23)
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence J Naame MDLAWRENCE J NAAME MD
TRUSTEE (TERM 6/23)
- 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
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 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; QUESTION 4A
- THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING CALENDAR YEAR 2023 WHICH WERE INCLUDED IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: CRAIG J. ANMUTH, D.O., $211,103; BETH HOFFMAN, PT, MS, $96,155; WEI XU, M.D.; $65,000; JEANNE VUKSTA, $119,320; SHARRIE RAPAGNA, $113,602; JOYCE GLICK, $96,303 AND JOHN SPERO, $51,315.
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.
-
ATLANTIC PROSTHETIC & ORTHOTIC SVCS INC
501(C)(3) · HEALTHCARE · NJ · controlled entity
Directly controlled by BIR
-
BACHARACH HOSPITAL FOUNDATION INC
501(C)(3) · FUNDRAISING · NJ · controlled entity
Directly controlled by BIR
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349302037
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