Mass General Brigham Incorporated
- Assets
- $523.9m
- Revenue
- $299.7m
- Investments
- $0.0
- Employees
- 2,109
- Location
- Boston, MA
- Founding
- 11/2010
- Data as of
- 09/2018
- EIN
- 04-2103591
Organization Overview
Mass General Brigham Incorporated is located in Boston, 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 09/2018, Mass General Brigham Incorporated employed 2,109 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 09/2018, Mass General Brigham Incorporated generated $299.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $292.1m during the year ending 09/2018. While expenses have increased by 2.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Fernandez President | OfficerTrustee | 37 | $1,143,642 |
Carolann Williams CFO & VP Finance And Admin | Officer | 49 | $491,994 |
Martha Pyle Farrell Asst Secretary | Officer | 49 | $399,988 |
Jennifer Street VP Communications & Planning | 60 | $394,488 | |
Jeffrey J Pike Chief Operating Officer | Officer | 60 | $387,742 |
Eileen O Lowell Cno & VP Pat Care Svs | Officer | 60 | $321,769 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bond Brothers Inc Construction | 9/29/18 | $1,061,976 |
Fish And Richardson Pc Legal | 9/29/18 | $744,120 |
Medical Record Associates Inc Medical Records | 9/29/18 | $681,084 |
Kpmg Llp Consulting | 9/29/18 | $640,619 |
Pricewaterhousecoopers Llp Audit And Tax | 9/29/18 | $636,125 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,345,277 |
| Investment income | $147,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,417,495 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,581,517 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,721,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $259,840 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,272,723 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,025,851 |
| Pension plan accruals and contributions | $1,764,292 |
| Other employee benefits | $12,924,164 |
| Payroll taxes | $8,683,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,694,407 |
| Fees for services: Accounting | $263,965 |
| Fees for services: Lobbying | $78,925 |
| Fees for services: Fundraising | $119,216 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,207,528 |
| Advertising and promotion | $699,382 |
| Office expenses | $2,007,039 |
| Information technology | $4,548,782 |
| Royalties | $0 |
| Occupancy | $13,312,953 |
| Travel | $1,214,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $309,633 |
| Interest | $4,611,340 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,280,756 |
| Insurance | $1,999,043 |
| All other expenses | $0 |
| Total functional expenses | $292,087,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,406,351 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,145,913 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,596,220 |
| Prepaid expenses and deferred charges | $5,046,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $323,940,278 |
| Total assets | $523,876,840 |
| Accounts payable and accrued expenses | $71,615,600 |
| Grants payable | $0 |
| Deferred revenue | $8,747,733 |
| Tax-exempt bond liabilities | $138,562,557 |
| 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 | $274,172,762 |
| Total liabilities | $493,098,652 |
| Net assets without donor restrictions | $30,778,188 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $30,778,188 |
Grants Awarded
Over the last fiscal year, Mass General Brigham Incorporated has awarded $19,250,764 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA | | $15,083,409 |
BIONIC EYE TECHNOLOGIES INC PURPOSE: Basic Research | $1,106,959 |
Somerville, MA PURPOSE: Basic Research | $800,296 |
Cambridge, MA PURPOSE: Basic Research | $426,941 |
Somerville, MA PURPOSE: Basic Research | $309,529 |
Boston, MA PURPOSE: Basic Research | $271,961 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Mass General Brigham Incorporated has recieved totaling $2,356,190.
| Awarding Organization | Amount |
|---|---|
Foundation Fighting Blindness Inc Columbia, MD PURPOSE: RESEARCH | $840,000 |
Research To Prevent Blindness Endowment Fund Inc New York, NY PURPOSE: CAREER DEVELOPMENT RESEARCH GRANT | $350,000 |
Pew Charitable Trusts Washington, DC PURPOSE: DAF Grant | $327,895 |
Research To Prevent Blindness Endowment Fund Inc New York, NY PURPOSE: LOW VISION RESEARCH GRANT | $300,000 |
Fiduciary Charitable Foundation Boston, MA PURPOSE: DONATIONS | $126,445 |
Research To Prevent Blindness Endowment Fund Inc New York, NY PURPOSE: UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY | $115,000 |
Endowment Analysis
| Beg. Balance | $73,437,271 |
| Earnings | $24,134,233 |
| Admin Expense | $1,022,838 |
| Net Contributions | $3,101,773 |
| Other Expense | $3,675,186 |
| Ending Balance | $95,975,253 |
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 |