KENNEDY UNIVERSITY HOSPITAL INC Charity Report

Public IRS 990 nonprofit record

KENNEDY UNIVERSITY HOSPITAL INC

EIN 22-1773439 · Health Care (E220)

What they do

to FUNCTION AS AN ACADEMIC MEDICAL CENTER THAT PROVIDES THE FINEST HEALTHCARE SERVICES WITH EXCELLENT OUTCOMES to PEOPLE LIVING IN OUR COMMUNITIES. PLEASE REFER to SCHEDULE O for THE ORGANIZATIONS COMMUNITY BENEFIT STATEMENT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

78.36%of revenue went to mission work86.2% of expenses · Program services

0.17%of revenue went to fundraising0.2% of expenses

$90.91spent for every $100 of revenueRevenue covered expenses this year.

12.38%of revenue went to management and office costs13.6% of expenses

$1.55in assets for every $1 spent this yearSome assets cannot be spent right away.

0.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $732,554 for HENRY R SCHUITEMA DO (ER PHYSICIAN). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$950,814,569

Mission workProgram services$745,028,04478.36% of revenue86.2% of expenses

ManagementOffice and general costs$117,748,17012.38% of revenue13.6% of expenses

FundraisingAsking for donations$1,619,6570.17% of revenue0.2% of expenses

Revenue left after expensesReported annual surplus$86,418,6989.09% of revenueShown in gray on the chart

Total expenses$864,395,87190.91% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 86.2% mission · 13.6% management · 0.2% fundraisingTotal expenses: 90.91% of revenue

2023Expense mix: 85.9% mission · 13.9% management · 0.3% fundraisingTotal expenses: 94.18% of revenue

2022Expense mix: 84.3% mission · 15.4% management · 0.3% fundraisingTotal expenses: 100.41% of revenue

2021Expense mix: 84.5% mission · 15.5% management · 0.0% fundraisingTotal expenses: 96.72% of revenue

2020Expense mix: 80.7% mission · 19.2% management · 0.1% fundraisingTotal expenses: 98.28% of revenue

2019Expense mix: 80.9% mission · 19.0% management · 0.1% fundraisingTotal expenses: 115.87% of revenue

2018Expense mix: 90.5% mission · 9.5% management · 0.0% fundraisingTotal expenses: 88.55% of revenue

2017Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 96.33% of revenue

Money in and money out

Revenue$950,814,569

Expenses$864,395,871

Annual surplus $86,418,698 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$745,028,044 · 86.2% of expenses

Management and office costs$117,748,170 · 13.6% of expenses

Fundraising$1,619,657 · 0.2% of expenses

See all reported dollar amounts

Revenue$950,814,569

Expenses$864,395,871

Assets$1,338,921,956

Income$950,814,569

Contributions$578,562

Mission work (program services)$745,028,044

Fundraising$1,619,657

Grants given$652,873

Average grant$31,089

Management and general$117,748,170

Executive compensation (total)$3,227,862

Accounting fees$273,827

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

HENRY R SCHUITEMA DOER PHYSICIAN · 55 hrs/week $732,554Base $676,149 · Other $56,405

DAVID MAY MDVP CHIEF PATIENT STAFF & QUAL · 55 hrs/week $660,145Base $608,620 · Other $51,525

ADAM J WEAVER DOHOSPITALIST · 55 hrs/week $577,775Base $546,403 · Other $31,372

DAVID J KOVALSKY DOINTERNIST · 55 hrs/week $570,367Base $519,038 · Other $51,329

MARK J CONDOLUCI DOINTERNIST · 55 hrs/week $563,568Base $517,501 · Other $46,067

KELLY A WALENDA ESQSVP, LEGAL SERVICES · 55 hrs/week $88,053Base $40,178 · Other $47,875

AARON CHANG FACHETRUSTEE - PRESIDENT · 55 hrs/week $58,649Base · Other $58,649

STEPHEN V DESTEFANO CPAVP FINANCE - JHNJ · 55 hrs/week $27,755Base · Other $27,755

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (25)

HENRY R SCHUITEMA DOER PHYSICIAN

DAVID MAY MDVP CHIEF PATIENT STAFF & QUAL

ADAM J WEAVER DOHOSPITALIST

DAVID J KOVALSKY DOINTERNIST

MARK J CONDOLUCI DOINTERNIST

KELLY A WALENDA ESQSVP, LEGAL SERVICES

AARON CHANG FACHETRUSTEE - PRESIDENT

STEPHEN V DESTEFANO CPAVP FINANCE - JHNJ

XIHAO HUTRUSTEE

WILLIAM R BARKERTRUSTEE

THOMAS J MARCHOZZI MBA CPATREASURER (EFF 2/2025)

THOMAS J GALLIA EDDTRUSTEE

RONALD L CAPUTOTRUSTEE

ROBERT I BARSKY DOTRUSTEE

ROBERT DISTANISLAOTRUSTEE

JOSEPH A MARESSA JR ESQTRUSTEE

JOHN P SILVESTRIVICE CHAIR - TRUSTEE

JOHN P MORDACHTREASURER (TERM 2/2025)

JOHN F DURANTECHAIR - TRUSTEE

JOHN E WALLACE JR ESQTRUSTEE

DANIEL TARDITI DOTRUSTEE

DANIEL J DALTONTRUSTEE

CRISTINA G CAVALIERI ESQSECRETARY

BRUCE J PAPARONETRUSTEE

ALBERT E SMITH CPATRUSTEE

About this charity

Recognized since: January 1965
Location: 500 MARLBORO AVE, CHERRY HILL, NJ 08002-2020
County: Philadelphia
In care of: % RONALD C KELLER CPA
Primary officer: MICHAEL HARRINGTON, EVP/CFO

How to reach them

WebsiteVisit the charity’s website Phone(856) 661-5100 Officer phone(215) 245-6040

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WITHUMSMITHBROWN PC
NTEE classification: Health Care (E220)
IRS tax category: General Medical and Surgical Hospitals
Grant-giving organization: Yes