Mass General Brigham Incorporated
- Assets
- $524.5m
- Revenue
- $261.3m
- Investments
- $22.3m
- Employees
- 2,106
- Location
- Somerville, MA
- Founding
- 11/2010
- Data as of
- 09/2017
- EIN
- 02-0260334
Organization Overview
Mass General Brigham Incorporated is located in Somerville, MA. The organization was established in 2010. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2021, Mass General Brigham Incorporated employed 2,106 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mass General Brigham Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2017, Mass General Brigham Incorporated generated $261.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $216.4m during the year ending 09/2017. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
HELP INDIVIDUALS AND THEIR FAMILIES ATTAIN THEIR HIGHEST LEVEL OF HEALTH.
Describe the Organization's Program Activity:
WENTWORTH-DOUGLASS HOSPITAL (WDH OR THE HOSPITAL) IS AN ACUTE CARE HOSPITAL LOCATED IN DOVER, NEW HAMPSHIRE. WDH IS A NOT-FOR-PROFIT ORGANIZATION, AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WENTWORTH-DOUGLASS HOSPITAL IS THE LARGEST ACUTE CARE HOSPITAL IN THE SEACOAST REGION OF NEW HAMPSHIRE AND SOUTHERN MAINE, SPECIALIZING IN TRAUMA AND EMERGENCY SERVICES, SURGERY, CANCER CARE, BIRTHING, ORTHOPEDIC SERVICES, CARDIOVASCULAR SERVICES, SLEEP DISORDERS, REHABILITATION, PAIN MANAGEMENT, WOUND HEALING, WELLNESS, AND PREVENTION PROGRAMS PLUS EXTENSIVE DIAGNOSTIC SERVICES. A HEALTHCARE LEADER IN THE SEACOAST SINCE 1906, WENTWORTH-DOUGLASS HOSPITAL IS ACCREDITED BY THE JOINT COMMISSION ON ACCREDITATION OF HEALTHCARE ORGANIZATIONS. (CONTINUED ON SCHEDULE O).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory J Walker President/ceo | OfficerTrustee | 50 | $820,180 |
Paul R Cass DO VP Medical Affairs/cmo | 50 | $465,716 | |
Peter E Walcek Cfo/vp Finance | Officer | 50 | $451,233 |
Sheila M Woolley Cno/vp Patient Care | 50 | $445,527 | |
Ellen L Caille Fache Executive Vice President | 50 | $403,334 | |
Malcom D Rosenson MD Chief Of Quality & Safety Offi | 50 | $344,689 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Center Health Services Inc Healthcare It Suppor | 12/30/16 | $3,453,358 |
Sodexo Inc Affiliates Food Services/manage | 12/30/16 | $1,758,060 |
American Healthcare Services Associ Staffing Services | 12/30/16 | $1,573,956 |
Arup Laboratories Laboratory Services | 12/30/16 | $1,217,853 |
Mass General Physician Org Inc Physician Services | 12/30/16 | $1,570,973 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,717 |
| Investment income | $15,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$294,954 |
| Net Gain/Loss on Asset Sales | $9,605,197 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,319,708 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,414,122 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,371,944 |
| Pension plan accruals and contributions | $2,719,360 |
| Other employee benefits | $14,232,108 |
| Payroll taxes | $8,112,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $283,961 |
| Fees for services: Accounting | $55,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,086,314 |
| Advertising and promotion | $1,703,518 |
| Office expenses | $3,141,459 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,126,001 |
| Travel | $328,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $492,375 |
| Interest | $4,409,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,660,702 |
| Insurance | $373,419 |
| All other expenses | $8,607,017 |
| Total functional expenses | $216,403,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,166 |
| Savings and temporary cash investments | $38,949,295 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,221,951 |
| Loans from Officers, Directors, or Controlling Persons | $760,653 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,171,800 |
| Prepaid expenses and deferred charges | $4,526,912 |
| Investments—publicly traded securities | $177,224,123 |
| Investments—other securities | $22,305,682 |
| Investments—program-related | $28,047,428 |
| Intangible assets | $0 |
| Other assets | $5,274,682 |
| Total assets | $524,510,889 |
| Accounts payable and accrued expenses | $53,741,578 |
| Grants payable | $0 |
| Deferred revenue | $21,784 |
| Tax-exempt bond liabilities | $107,066,474 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,689,241 |
| Total liabilities | $177,519,077 |
| Net assets without donor restrictions | $344,976,392 |
| Net assets with donor restrictions | $948,518 |
| Capital stock or trust principal, or current funds | $1,066,902 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $346,991,812 |
Grants Awarded
Over the last fiscal year, Mass General Brigham Incorporated has awarded $556,809 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF DOVER POLICE PURPOSE: Youth to Youth Program and Dover Coalition for Youth | $126,458 |
Somersworth, NH PURPOSE: Primary Care Services | $110,793 |
Concord, NH PURPOSE: Donation for funding of NHHPP | $105,229 |
Somersworth, NH PURPOSE: CFA-Athletic Training DHS | $102,337 |
Dover, NH PURPOSE: Substance abuse treatment and recovery for pregnant women. | $50,000 |
CITY OF DOVER FIRE & RESCUE PURPOSE: quality assurance and improvement training programs | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mass General Brigham Incorporated has recieved totaling $51,994.
| Awarding Organization | Amount |
|---|---|
Davis Family Foundation Yarmouth, ME PURPOSE: Enhancing Heart Failure Patients' Care through Life-Saving Remote Monitoring Technology | $25,000 |
Northeast Delta Dental Foundation Inc Concord, NH PURPOSE: Dental equipment and supplies. | $21,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,994 |
Endowment Analysis
| Beg. Balance | $183,003,785 |
| Earnings | $6,260,859 |
| Admin Expense | $166,665 |
| Net Contributions | $12,438,998 |
| Other Expense | $821,480 |
| Ending Balance | $200,715,497 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $1,256,505,571 | $986,611,618 |
Hartford Health Care Corporation Hartford, CT | $2,668,436,051 | $551,640,424 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Wyckoff Heights Medical Center Brooklyn, NY | $318,132,023 | $364,136,906 |
Albany Medical Center Glens Falls, NY | $356,058,419 | $346,451,670 |
Whidden Memorial Hospital Inc Malden, MA | $90,823,513 | $333,237,018 |
Centerlight Healthcare Inc Flushing, NY | $62,373,058 | $284,939,095 |
Albany Medical Center Saratoga Springs, NY | $380,815,690 | $338,787,899 |
Episcopal Health Services Inc Garden City, NY | $212,973,154 | $303,839,103 |
Mass General Brigham Incorporated Boston, MA | $523,876,840 | $299,721,576 |
Trinity Health Of New England Corporation Inc Hartford, CT | $683,679,706 | $237,315,884 |
Albany Med Health System Albany, NY | $312,546,209 | $222,722,582 |