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Nonprofit · EIN 23-2407905

ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST

Tax-exempt · EGG HBR TWP, NJ 08234

Financials

$72K$5K2023$78K$5K2024
Revenue Expenses · by fiscal year end
Financials of ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$77,920$4,837$73,083$1,583,799$0$1,583,799
December 31, 2023990$72,050$4,808$67,242$1,510,716$0$1,510,716
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$77,920
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$4,837

Balance sheet and other

Total assets, start of year
$1,510,716
Total assets, end of year
$1,583,799
Total liabilities, end of year
$0
Net assets, end of year
$1,583,799
Net assets without donor restrictions
$1,583,799
Gross receipts
$77,920
Employees
0
Volunteers
0
Year formed
1986
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ATLANTICARE HEALTH SYSTEM INCTRUSTEE
Institutional trustee
1$0
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
ATLANTICARE HEALTH SYSTEM INCTRUSTEE
Institutional trustee
1$0

Address and contacts

Address (IRS master file)
2500 ENGLISH CREEK AVE STE 500, EGG HBR TWP, NJ 08234-5549
In care of
% HAK J KIM
Principal officer (990 for 2024)
ATLANTICARE HEALTH SYSTEM INC, 2500 ENGLISH CREEK AVE, EGG HARBOR TWNSHIP, NJ 08234
Signed the 990
HAK J KIM, CFO
Phone
(609) 569-7031
Return prepared by
WithumSmithBrown PC

Mission

ATLANTICARE HEALTH SYSTEM, INC. AND AFFILIATES (THE "COMPANY") ESTABLISHED THE ATLANTIC CITY MEDICAL CENTER GROUP LONG-TERM DISABILITY PLAN ("PLAN"), A DEFINED WELFARE BENEFIT PLAN, TO PROVIDE LONG-TERM DISABILITY BENEFITS FOR EMPLOYEES OF THE COMPANY, AS DEFINED IN THE PLAN. THE PLAN IS A SELF-INSURED PLAN AND CLAIMS ARE PAID THROUGH GENERAL ASSETS OF THE PLAN AND/OR THROUGH THE EMPLOYEE BENEFIT TRUST [AKA THE ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST] (THE "TRUST"). ELIGIBILITY REQUIREMENTS FOR PARTICIPATION IN THE PLAN ARE: ALL REGULAR FULL-TIME EMPLOYEES WORKING 40 HOURS PER WEEK ARE ELIGIBLE FOR COVERAGE ON THE FIRST DAY ACTIVELY AT WORK COINCIDING WITH OR FOLLOWING 12 MONTHS OF CONTINUOUS EMPLOYMENT. BENEFIT PAYMENTS ARE MADE BASED ON 50% OF MONTHLY EARNINGS AT TIME OF TOTAL DISABILITY, REDUCED BY OTHER INCOME BENEFITS, UP TO A MAXIMUM OF $2,500 PER MONTH. PARTICIPANTS MAY ELECT TO "BUY-UP" A HIGHER PERCENTAGE OF BENEFITS, UP TO A MAXIMUM OF 66-2/3%. THE BENEFIT PERIOD

990 for the year ended December 31, 2024

Program accomplishments

  • ATLANTICARE HEALTH SYSTEM, INC. AND AFFILIATES (THE "COMPANY") ESTABLISHED THE ATLANTIC CITY MEDICAL CENTER GROUP LONG-TERM DISABILITY PLAN ("PLAN"), A DEFINED WELFARE BENEFIT PLAN, TO PROVIDE LONG-TERM DISABILITY BENEFITS FOR EMPLOYEES OF THE COMPANY, AS DEFINED IN THE PLAN. THE PLAN IS A SELF-INSURED PLAN AND CLAIMS ARE PAID THROUGH GENERAL ASSETS OF THE PLAN AND/OR THROUGH THE EMPLOYEE BENEFIT TRUST [AKA THE ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST] (THE "TRUST"). ELIGIBILITY REQUIREMENTS FOR PARTICIPATION IN THE PLAN ARE: ALL REGULAR FULL-TIME EMPLOYEES WORKING 40 HOURS PER WEEK ARE ELIGIBLE FOR COVERAGE ON THE FIRST DAY ACTIVELY AT WORK COINCIDING WITH OR FOLLOWING 12 MONTHS OF CONTINUOUS EMPLOYMENT. BENEFIT PAYMENTS ARE MADE BASED ON 50% OF MONTHLY EARNINGS AT TIME OF TOTAL DISABILITY, REDUCED BY OTHER INCOME BENEFITS, UP TO A MAXIMUM OF $2,500 PER MONTH. PARTICIPANTS MAY ELECT TO "BUY-UP" A HIGHER PERCENTAGE OF BENEFITS, UP TO A MAXIMUM OF 66-2/3%. THE BENEFIT PERIOD VARIES BASED ON AGE OF EMPLOYEE ON THE DATE TOTAL DISABILITY BEGINS, AS FURTHER DEFINED IN THE PLAN DOCUMENT. THE PLAN IS FUNDED PRIMARILY BY EMPLOYER CONTRIBUTIONS AND NOMINAL EMPLOYEE CONTRIBUTIONS FOR THOSE WHO ELECTED BUY-UP COVERAGE. SUCH CONTRIBUTIONS ARE RECORDED ON A CASH BASIS. THE COMPANY PLANS AND HAS THE ABILITY TO MAKE CONTRIBUTIONS WHICH ARE SUFFICIENT TO MEET THE CURRENT AND FUTURE COST OF THE PLAN. THE ASSETS OF THE PLAN, TOGETHER WITH THE EARNINGS ON THE CASH AND CASH EQUIVALENTS, ARE HELD IN A TRUST FUND AND ARE USED TO PROVIDE BENEFITS TO THE COVERED PARTICIPANTS. THE TRUST FUND IS ADMINISTERED BY NATIONAL RISK MANAGEMENT AND FUNDS ARE MAINTAINED IN CASH AND CASH EQUIVALENTS ACCOUNTS AT PNC BANK (THE "TRUSTEE"), UNDER AN AGREEMENT WITH THE COMPANY.
    Expenses $4,837

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-2407905
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,583,799
Income (IRS master file)
$77,920

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$77,920$4,837$1,583,799IRS
990December 2023$72,050$4,808$1,510,716XML
990December 2022$21,977$4,807$1,443,474IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2407905).

Questions about ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST

What is the EIN of ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST?
The employer identification number (EIN) of ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST is 23-2407905.
Is ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1989.
Are donations to ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST?
The 990 for the year ended December 31, 2024 names ATLANTICARE HEALTH SYSTEM INC.
Who are the officers and directors of ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does ATLANTIC CITY MEDICAL CENTER EMPLOYEE BENEFIT TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $77,920, expenses of $4,837 and total assets of $1,583,799 at year end.

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