NEWARK BETH ISRAEL MEDICAL CENTER Charity Report

Tax-exempt status may be revoked

NEWARK BETH ISRAEL MEDICAL CENTER

EIN 22-3452311 · General Hospitals (E22)

What they do

THE SPIRIT THAT INFUSES NEWARK BETH ISRAEL MEDICAL CENTER and CHILDRENS HOSPITAL of NEW JERSEY is ITS COMMITMENT to EXCELLENCE. OUR MISSION is to ACHIEVE THIS EXCELLENCE THROUGH: - THE DELIVERY of PRIMARY HEALTH CARE to ALL WHO NEED OUR SERVICE. - THE PROVISION of HEALTH CARE to PATIENTS DRAWN to THE MEDICAL CENTER BECAUSE of SPECIALTY CAPABILITIES. - MEETING THE UNDERGRADUATE, GRADUATE and CONTINUING EDUCATIONAL NEEDS of HEALTH CARE PROFESSIONALS. - EDUCATION of THOSE ENTERING HEALTH CARE PROFESSIONS. - PHYSICIANS and STAFF, DEDICATED to COMPASSIONATE CARE and HEALING, WHO ENHANCE SKILLS THROUGH EDUCATION and RESEARCH. - THE DELIVERY of SAFE, CLINICALLY APPROPRIATE CARE IN AN ENVIRONMENT FOCUSED ON IMPROVING PATIENT SAFETY THROUGH A PROACTIVE APPROACH. - INTERACTING WITH THE HIGHEST INTEGRITY and COMMITMENT to REGULATORY COMPLIANCE. PLEASE REFER to THE ORGANIZATIONS COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

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Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2018The report may be old. Ask for a newer one.

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

They name their leaders32 people are listed in the latest report.

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

Money made simple

87.14%of revenue went to mission work90.0% of expenses · Program services

0.00%of revenue went to fundraising0.0% of expenses

$96.83spent for every $100 of revenueRevenue covered expenses this year.

9.68%of revenue went to management and office costs10.0% of expenses

$0.84in assets for every $1 spent this yearSome assets cannot be spent right away.

1.6%of its money came from giftsOther money may come from services or investments.

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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 $1,848,485 for MARK RUSSO MD (PHYSICIAN). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2018

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$644,768,822

Mission workProgram services$561,860,89887.14% of revenue90.0% of expenses

ManagementOffice and general costs$62,422,6979.68% of revenue10.0% of expenses

FundraisingAsking for donations$26,2500.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$20,458,9773.17% of revenueShown in gray on the chart

Total expenses$624,309,84596.83% 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

2018CurrentExpense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 96.83% of revenue

2017Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 94.35% of revenue

2016Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 95.35% of revenue

Money in and money out

Revenue$644,768,822

Expenses$624,309,845

Annual surplus $20,458,977 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)$561,860,898 · 90.0% of expenses

Management and office costs$62,422,697 · 10.0% of expenses

Fundraising$26,250 · 0.0% of expenses

See all reported dollar amounts

Revenue$644,768,822

Expenses$624,309,845

Assets$522,914,238

Contributions$10,390,720

Mission work (program services)$561,860,898

Fundraising$26,250

Management and general$62,422,697

Executive compensation (total)$7,580,204

Accounting fees$16,600

People

Leadership and board

Tax year 2018

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

People reported as paid

Person and titleCompensation

MARK RUSSO MDPHYSICIAN · 50 hrs/week $1,848,485Base $1,814,091 · Other $34,394

CRAIG SAUNDERS MDDIVISION DIRECTOR · 55 hrs/week $1,682,950Base $1,648,489 · Other $34,461

DARRELL TERRYCEO · 55 hrs/week $1,284,053Base $944,618 · Other $339,435

FREDERIC SARDARI MDPHYSICIAN · 50 hrs/week $1,053,971Base $1,010,323 · Other $43,648

MUNIR NAZIR MDPHYSICIAN · 50 hrs/week $951,944Base $917,161 · Other $34,783

MARK J ZUCKER MDTRUSTEE · 50 hrs/week $938,421Base $890,206 · Other $48,215

MARGARITA CAMACHO MDPHYSICIAN · 50 hrs/week $835,660Base $793,696 · Other $41,964

DOUGLAS A ZEHNERCOO · 55 hrs/week $766,275Base $634,651 · Other $131,624

ADAM M KOPELAN MDCHAIRMAN M.D. · 50 hrs/week $755,415Base $709,300 · Other $46,115

MATTHEW SCHREIBER MDCHIEF MEDICAL OFFICER · 55 hrs/week $727,494Base $603,405 · Other $124,089

NIKOLAS ALEXIADESEVP/CFO · 55 hrs/week $571,212Base $471,985 · Other $99,227

JOSHUA ROSENBLATT MDTRUSTEE; EX-OFFICIO/CAO · 50 hrs/week $483,846Base $455,501 · Other $28,345

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 (32)

MARK RUSSO MDPHYSICIAN

CRAIG SAUNDERS MDDIVISION DIRECTOR

DARRELL TERRYCEO

FREDERIC SARDARI MDPHYSICIAN

MUNIR NAZIR MDPHYSICIAN

MARK J ZUCKER MDTRUSTEE

MARGARITA CAMACHO MDPHYSICIAN

DOUGLAS A ZEHNERCOO

ADAM M KOPELAN MDCHAIRMAN M.D.

MATTHEW SCHREIBER MDCHIEF MEDICAL OFFICER

NIKOLAS ALEXIADESEVP/CFO

JOSHUA ROSENBLATT MDTRUSTEE; EX-OFFICIO/CAO

ZACHARY LIPNERVP/CHIEF HR OFFICER

AMY DORANVP PATIENT CARE SERVICES

ALAN LAPA MDTRUSTEE - MEDICAL DIRECTOR

THIRI ANANDARANGAM MDTRUSTEE

VICTOR PARSONNET MDTRUSTEE

CHARLES CATHCART MDTRUSTEE

DAVID E ROTHSCHILDTRUSTEE

WAYNE K NASHTRUSTEE

VAUGHN CROWETRUSTEE

REVEREND WILLIAM CHRISTIANTRUSTEE

PATRICK E HOBBS ESQTREASURER - TRUSTEE

NORMAN SAMUELS PHDTRUSTEE

LAWRENCE P GOLDMANTRUSTEE

NANCY CANTOR PHDTRUSTEE

DOMENIC SEGALLAFORMER OFFICER

ERIC BRUNDAGETRUSTEE

FLEETA J BARNESTRUSTEE

FRANCIS J GIANTOMASI ESQVICE CHAIRMAN - TRUSTEE

JOSEPH S TAYLORTRUSTEE

MARC E BERSONCHAIRMAN - TRUSTEE

About this charity

Recognized since: January 2020
Location: 2 CRESCENT PLACE, OCEANPORT, NJ 07757-1233
County: Essex
In care of: % CORPORATE FINANCE
Primary officer: CATHERINE A DOWDY, SVP FINANCE

How to reach them

WebsiteVisit the charity’s website Phone(973) 322-4032 Officer phone(732) 923-8929

Filing and classification

Latest tax year: 2018
Tax period began: January 1, 2018
Return type: 990
Tax preparer: WITHUMSMITHBROWN PC
NTEE classification: General Hospitals (E22)
IRS tax category: General Hospitals
Revocation date: May 15, 2022