2015-05-15T13:06:11-05:00 2014-06-30 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1700 PHILADELPHIA PA 19103 990 2013-07-01 232290323 ALBERT EINSTEIN HEALTHCARE NETWORK % STEVEN NEARING ALBE 2154566760 5501 OLD YORK ROAD Suite PHILADELPHIA PA 19141 BARRY R FREEDMAN PRESIDENT 2673303000 2015-05-11 true MATTHEW D PETROSKI DIRECTOR P00853132 2673303000 2015-05-15 2013 2016-03-07 17:11:31Z BARRY R FREEDMAN 5501 OLD YORK ROAD PHILADELPHIA PA 19141 112295587 false X www.einstein.edu X 1984 PA see schedule O 35 34 0 0 10001035 1185600 102955523 110381493 -11229951 340529 302185 387965 102028792 112295587 0 0 0 0 50081542 55183699 0 0 6466900 64559532 58206045 114641074 113389744 -12612282 -1094157 109892000 128293161 98163000 117245559 11729000 11047602 SEE SCHEDULE O false false 106922844 110381493 The Albert Einstein Healthcare Network parent corporation provides health education; health promotion and fundraising activities; conducts health system wide planning; establishes overall goals; and oversees fund management. The entity also provides administrative and general services for which its related member organizations pay a management fee. 106922844 true true false true false false false false false true true true false false true false false true false false false false false false false false false false false true false false false false false false false false true false false false false true true true true false true 0 0 true 0 false false false false false false false false false false false X 35 34 false false false false false false false true true false false true true true true true true true true true true AL AK AZ AR CA CO CT DC GA IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X STEVEN NEARING 2154566760 5501 OLD YORK ROAD PHILADELPHIA PA 19141 Barry R Freedman President and CEO 40.0 0.0 X X 2593809 0 793150 Steven Berk Esq Chairperson 2.0 0.0 X X 0 0 0 Richard C Sheerr Trustee 2.0 0.0 X 0 0 0 Bruce W Koch Vice Chairperson EHS 4.0 0.0 X X 0 0 0 Lewis I Gantman Vice Chairperson EMCM 4.0 0.0 X X 0 0 0 Clifford D Schlesinger Esq Vice Chairperson EPS 4.0 0.0 X X 0 0 0 John E F Corson Vice Chairperson 4.0 0.0 X X 0 0 0 Abbe F Fletman Esq Vice Chairperson 4.0 0.0 X X 0 0 0 Arnold M Katz MD Vice Chairperson 4.0 0.0 X X 0 0 0 Robert P Krauss Esq Vice Chairperson 4.0 0.0 X X 0 0 0 Andrew B Cantor Esq Secretary 4.0 0.0 X X 0 0 0 Matthew S Levitties Treasurer 4.0 0.0 X X 0 0 0 Hank H Simms MD Trustee 2.0 40.0 X 0 644110 35426 Steven L Sivak MD Trustee 2.0 40.0 X 0 654891 39099 Mina P Fader Trustee 2.0 0.0 X 0 0 0 Steven M Katz Trustee 2.0 0.0 X 0 0 0 Wayne D Kimmel Esq Trustee 2.0 0.0 X 0 0 0 John P Korman Trustee 2.0 0.0 X 0 0 0 Jay B Minkoff Trustee 2.0 0.0 X 0 0 0 Roy S Neff Trustee 2.0 0.0 X 0 0 0 Lawrence S Reichlin Trustee 2.0 0.0 X 0 0 0 Honorable Leon W Tucker Trustee 2.0 0.0 X 0 0 0 Deborah Feith Tye Trustee 2.0 0.0 X 0 0 0 Jeffrey C Warden Trustee 2.0 0.0 X 0 0 0 Jay L Weinstein Trustee 2.0 0.0 X 0 0 0 Richard A Wolfson Trustee 2.0 0.0 X 0 0 0 Jack F Adler Trustee 2.0 0.0 X 0 0 0 Fred E Braemer Trustee 2.0 0.0 X 0 0 0 Richard J Braemer Esq Trustee 2.0 0.0 X 0 0 0 Samuel L Frieder Trustee 2.0 0.0 X 0 0 0 Ivan H Gabel Trustee 2.0 0.0 X 0 0 0 Victor L Johnson Trustee 2.0 0.0 X 0 0 0 Stephen J Korn Esq Trustee 2.0 0.0 X 0 0 0 Thomas N Perloff Trustee 2.0 0.0 X 0 0 0 Hon Arlin M Adams Trustee 2.0 0.0 X 0 0 0 JANE F HOFFER TRUSTEE 2.0 0.0 X 0 0 0 Mollie Becker Assistant Secretary 40.0 0.0 X 77620 0 8488 David Ertel Chief Financial Officer - Assi 40.0 0.0 X 440815 0 11876 Penny Rezet Esq Chief Legal Officer -Assist. S 40.0 0.0 X 521287 0 35452 John Finger Chief Administrative Officer 40.0 0.0 X 536720 0 37209 Lynne R Kornblatt Chief Human Resource Officer 40.0 0.0 X 456993 0 28946 Kenneth Levitan CIO 40.0 0.0 X 396196 0 30799 Richard Montalbano VP - Project Executive 40.0 0.0 X 405895 0 24029 Beth Duffy COO- Einstein Medical Center M 40.0 0.0 X 461931 0 23036 Gerard Blaney Vice President - Finance 40.0 0.0 X 617977 0 41403 Susan Bernini Chief Operating Officer - Eins 40.0 0.0 X 1064767 0 465193 7574010 1299001 1574106 102 false true false BROWNSTEIN GROUP 215 South Broad Street PHILADELPHIA PA 19107 Promotional 935482 SIEMENS MEDICAL SOLUTIONS USA INC 51 VALLEY STREAM PKWY MALVERN PA 19355 SOFTWARE HOSTING 1325354 HARMELIN MEDIA 525 RIGHTERS FERRY RD BALA CYNWYD PA 19004 promotional 5223318 Studer Group 350 West Cedar Suite 300 PENNSACOLA FL 32502 Advisory Services 1015196 Chartis Group Dept 5925 CAROL STREAM IL 60122 Advisory Services 997179 38 1185600 1185600 1185600 MANAGEMENT FEE 900099 110301613 110301613 MISCELLANEOUS INCOME 900099 79880 79880 110381493 -243105 -243105 0 0 387965 387965 0 387965 387965 583634 583634 583634 583634 0 0 0 0 112295587 110381493 728494 0 0 0 0 5456257 5456257 0 0 38358093 34634522 3723571 4064000 4064000 4370302 4081039 289263 2935047 2688734 246313 0 1011097 1011097 420105 420105 0 0 69000 69000 12487729 11291650 1196079 6432105 6259651 172454 5518603 5278460 240143 16077346 15965862 111484 0 544855 544855 302040 234735 67305 0 254457 229548 24909 0 1757686 1757686 10558280 10554661 3619 294873 294873 MISCELLANEOUS EXPENSES 469403 178446 290957 MEMBERSHIP DUES 781949 709246 72703 BOOKS & PERIODICALS 67371 52081 15290 MOSS RESEARCH SUBSIDY 1047683 1047683 111463 98653 12810 113389744 106922844 0 6466900 219000 604687 0 0 7192000 6124242 17000 111935 0 0 0 0 0 240000 0 0 3560000 4444785 219311603 124229805 80109000 95081798 0 0 16575000 19109230 1656000 938483 0 0 564000 1638001 109892000 128293161 28943000 37666444 0 0 428000 427929 0 0 0 0 0 0 0 0 0 0 68792000 79151186 98163000 117245559 X 11729000 11047602 0 0 0 0 11729000 11047602 109892000 128293161 -1094157 413464 -705 X false true X true true true X X X false false false ALBERT EINSTEIN HEALTHCARE NETWORK GROUP 465338502 03 true true true 1756686 MONTGOMERY HOSPITAL 231352193 03 true true true 0 2 1756686 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 221513 221513 221513 221513 113168231 113168231 113389744 113389744 1000000 1000000 250000 250000 1000000 1000000 1000000 1000000 4000000 6000000 308362 355316 350380 221513 1235571 250000 250000 250000 250000 1000000 1500000 SCHEDULE C, PART II-A - AFFILIATED GROUP The affiliated group is comprised of the Albert Einstein Healthcare Network Group Letter Ruling. EIN: 46-5338502 Group Exemption Number: 5949 Address: 5501 Old York Road Philadelphia, PA 19141. 16575000 2534230 19109230 14643000 1932000 16575000 14465000 178000 14643000 22740000 489000 2266000 11030000 14465000 22053000 687000 22740000 1.00000 true true true INSTITUTIONAL INVESTMENTS 19109230 19109230 0 DUE TO AFFILIATES 79151186 79151186 SCHEDULE D, PART V, Line 4 ENDOWMENTS - TRUE ENDOWMENT FUNDS ESTABLISHED BY DONOR GIFTS AND MAINTAINED TO PROVIDE A PERMANENT SOURCE OF INCOME, GENERALLY STIPULATING THAT THE PRINCIPAL MUST BE INVESTED AND KEPT IN TACT PERPETUALLY WHILE THE INCOME GENERATED MAY BE USED BY THE ORGANIZATION. PERPETUAL TRUSTS - THESE ARE FUNDS HELD BY OUTSIDE TRUSTEES IN TRUST ACCOUNTS FOR WHICH AEMC IS NAMED AS BENEFICIARY. THE DISTRIBUTIONS FROM THESE FUNDS SUPPORT THE OPERATIONS OF THE ORGANIZATION. SCHEDULE D, PART X, Line 2, FIN 48 DISCLOSURE NO ADJUSTMENTS TO THE FINANCIAL STATEMENTS WERE REQUIRED AS A RESULT OF THE IMPLEMENTATION OF FIN 48. TEMPORARILY RESTRICTED FUNDS - USED FOR PURPOSES SPECIFIED BY DONORS. X false true X X X X X X false true false false false false false true false Kenneth Levitan CIO 322470 0 45496 0 28230 0 6791 0 24008 0 426995 0 0 0 Richard Montalbano VP - Project Executive 330749 0 42996 0 32150 0 14294 0 9735 0 429924 0 0 0 Beth Duffy COO- Einstein Medical Center M 341537 0 85496 0 34898 0 16835 0 6201 0 484967 0 0 0 Gerard Blaney Vice President - Finance 378415 0 191496 0 48066 0 18922 0 22481 0 659380 0 0 0 Susan Bernini Chief Operating Officer - Eins 497220 0 155500 0 412047 0 442184 0 23009 0 1529960 0 309185 0 John Finger Chief Administrative Officer 359605 0 143996 0 33119 0 11485 0 25724 0 573929 0 0 0 Lynne R Kornblatt Chief Human Resource Officer 312719 0 108996 0 35278 0 17277 0 11669 0 485939 0 0 0 David Ertel Chief Financial Officer - Assi 399489 0 357 0 40969 0 80 0 11796 0 452691 0 0 0 Penny Rezet Esq Chief Legal Officer -Assist. S 360227 0 123499 0 37561 0 11389 0 24063 0 556739 0 0 0 Barry R Freedman President and CEO 1042586 0 366080 0 1185143 0 769906 0 23244 0 3386959 0 1175405 0 Hank H Simms MD Trustee 0 568113 0 62500 0 13497 0 13800 0 21626 0 679536 0 0 Steven L Sivak MD Trustee 0 576191 0 65000 0 13700 0 17632 0 21467 0 693990 0 0 SCHEDULE J, PART I, LINE 1b Long term disability benefits are provided to certain key employees. These employee's wages are "grossed up" at their individual tax rates to provide the full value of the benefit since this benefit is reflected in their W2s as taxable wages. SCHEDULE J, PART I, LINE 4b Barry Freedman and Susan Bernini participate in a 457 (F) supplemental non qualified retirement plan and received $1,015,971 and $385,868 respectively, from such plan. SCHEDULE J, PART I, LINE 7 The organization has in place a pay for performance plan where certain executives may earn a percentage of such individual executive's base salary, depending upon whether he or she achieves individual goals set in advance and whether the organization meets a financial performance threshold. The actual payment made depends upon whether all or a portion of the goals have been achieved in the time frame specified. The decision as to whether incentive compensation is awarded to the eligible executives is made by the compensation committee. false false false FORM 990, PART III, LINE 1 - ORGANIZATIONS'S MISSION THE ORGANIZATION'S MISSION IS TO SUPPORT THOSE ORGANIZATIONS THAT HAVE, AS ITS PRINCIPAL PURPOSE, THE PROVISION OF COMPASSIONATE, HIGH QUALITY HEALTH CARE IN ORDER TO ELEVATE THE HEALTH STATUS OF THE PATIENTS IT SERVES IN SOUTHEASTERN PENNSYLVANIA,SOUTHERN NEW JERSEY AND DELAWARE. THE CORPORATION SERVES THESE INDIVIDUALS AND OTHERS WITH HEALTH CARE PROGRAMS AND SERVICES RANGING FROM COMMUNITY HEALTH EDUCATION AND PREVENTIVE MEDICINE TO COMPLEX AND SPECIALIZED CARE REQUIRING ADVANCED TECHNOLOGY AND HIGHLY EXPERT STAFF. THE CORPORATION ENTHUSIASTICALLY EMBRACES ITS SPECIAL RESPONSIBILITY TO THE MOST VULNERABLE RESIDENTS IN ITS PRIMARY SERVICE AREA AND TO THE MEMBERS OF THE JEWISH COMMUNITY. THE CORPORATION REFLECTS THE VALUES OF THE JEWISH COMMUNITY BY CARING FOR ANY PERSON REGARDLESS OF RACE, RELIGION, NATIONAL ORIGIN, OR THE ABILITY TO PAY. THE CORPORATION'S EDUCATIONAL COMMITMENT INCLUDES PROVIDING HEALTH EDUCATION TO THE COMMUNITY, AND TRAINING AND EDUCATING MEDICAL SCHOOL STUDENTS, GRADUATE AND PRACTICING PHYSICIANS, AND OTHER HEALTH CARE PROFESSIONALS. THE CORPORATION ALSO SUPPORTS CLINICAL RESEARCH FOR THE PURPOSE OF ENHANCING THE QUALITY OF PATIENT CARE AND ADVANCING THE SCIENCE OF MEDICINE. FORM 990, PART VI, SECTION B POLICIES, LINE 11A The Form 990 is prepared in connection with Albert Einstein Healthcare Network's independent accounting firm, PricewaterhouseCoopers LLP and is reviewed internally by Albert Einstein Healthcare Network's management. The Form 990 is then provided to the Audit Committee of the Governing Body for review. After review, but prior to filing, the returns are electronically mailed to the governing board. FORM 990, PART VI, SECTION B POLICIES, LINE 12C In accordance with organization policy, each member of the Board of Trustees, all key employees and officers are required annually to complete a comprehensive conflict of interest disclosure for review by the governance committee of the board of trustees and are required to update such disclosures if there are any changes. Any actual or potential conflicts of interest are discussed and resolved in accordance with specific guidelines and reported to the board of Trustees. FORM 990, PART VI, SECTION B POLICIES, LINE 15a and 15b The board of trustees has delegated the responsibility for compensation review to the compensation committee of the board of trustees. Independent members of the compensation committee review and approve the compensation for the CEO and all other officers and key employees of Albert Einstein Healthcare Network. The compensation committee requires that one or more independent compensation experts review the compensation of all such persons to determine that such compensation is appropriate and resonable and such independent expert uses applicable comparability data. The committee reviews the reports of the independent experts in detail and documents the data reviewed, the deliberation and discussion contemporaneously. FORM 990,PART VI, SECTION C DISCLOSURE, LINE 19 The organization makes its governing documents, conflict of interest policy, and financial statements available upon request. FORM 990, Part VII, Section A, Column B The officers devote their time to all of the organizations within Albert Einstein healthcare network. As such, the total hours worked by the officers, across all of the organizations, cumulatively represent their full-time employment status. FORM 990, PART X, LINE 20 The Series '09 Bonds are owned by Albert Einstein Healthcare Network (EIN 23-2290323). The Debt is recorded on the books of Albert Einstein Healthcare Network Group. 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