Beth Israel Deaconess Hospital- Milton Inc
- Assets
- $203.9m
- Revenue
- $149.5m
- Investments
- $44.0m
- Employees
- 1,139
- Location
- Milton, MA
- Founding
- 04/1952
- Data as of
- 09/2021
- EIN
- 04-2103604
Organization Overview
Beth Israel Deaconess Hospital- Milton Inc is located in Milton, MA. The organization was established in 1952. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Beth Israel Deaconess Hospital- Milton Inc employed 1,139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beth Israel Deaconess Hospital- Milton Inc 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 09/2021, Beth Israel Deaconess Hospital- Milton Inc generated $149.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $136.4m during the year ending 09/2021. While expenses have increased by 4.4% per year over the past 7 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.
Since 2017, Beth Israel Deaconess Hospital- Milton Inc has awarded 58 individual grants totaling $4,207,567. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rowan Michael Trustee (ex-Officio) (ceo Designee) | Trustee | 1 | $0 |
Berry MD Michael Trustee & Orthopedic Surgeon | Trustee | 1 | $0 |
Siao MD Daniel Chi Chang Ttee Ex-Off (pres, Med Staff) (cmo) | Trustee | 1 | $0 |
Fernandez Richard President & Trustee (ex-Officio) | OfficerTrustee | 58 | $461,277 |
O'connor MD Heidi Trustee & Pulmonologist | Trustee | 1 | $0 |
Bresnick MD Morgan Trustee & Surgeon | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beth Israel Lahey Health Inc Management & Professional Services | 9/29/23 | $13,558,523 |
Vaya Workforce Solutions Llc Staffing Services | 9/29/23 | $2,774,704 |
Amerisourcebergen Drug Corp Healthcare Provider | 9/29/23 | $589,795 |
Us Bank Trust Company National Associati Financial, Trusty, And Agency Services | 9/29/23 | $512,232 |
Sodexo Inc Food Service & Patient Trans. Services | 9/29/23 | $410,848 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,775,983 |
| Investment income | $568,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $472,793 |
| Net Gain/Loss on Asset Sales | $3,672,361 |
| Net Income from Fundraising Events | -$37,994 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,464,970 |
| 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. | $1,026,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,662,169 |
| Pension plan accruals and contributions | $902,342 |
| Other employee benefits | $5,997,763 |
| Payroll taxes | $4,095,626 |
| Fees for services: Management | $7,537,419 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,363 |
| Fees for services: Lobbying | $41,246 |
| Fees for services: Fundraising | $57,078 |
| Fees for services: Investment Management | $313,811 |
| Fees for services: Other | $18,376,873 |
| Advertising and promotion | $336,301 |
| Office expenses | $1,236,434 |
| Information technology | $1,010,540 |
| Royalties | $0 |
| Occupancy | $7,276,858 |
| Travel | $2,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,894 |
| Interest | $1,787,887 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,612,491 |
| Insurance | $299,963 |
| All other expenses | $0 |
| Total functional expenses | $136,412,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,273,728 |
| Savings and temporary cash investments | $26,263,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,241,363 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,730,008 |
| Prepaid expenses and deferred charges | $3,978,673 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $44,007,647 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,054,580 |
| Total assets | $203,860,323 |
| Accounts payable and accrued expenses | $25,885,832 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $25,237,732 |
| 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 | $29,394,752 |
| Total liabilities | $80,518,316 |
| Net assets without donor restrictions | $114,385,359 |
| Net assets with donor restrictions | $8,956,648 |
| 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 | $123,342,007 |
Grants Awarded
Over the last fiscal year, Beth Israel Deaconess Hospital- Milton Inc has awarded $246,444 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
MILTON PUBLIC SCHOOLS PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $12,500 |
TOWN OF MILTON PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $15,000 |
QUINCY COMMUNITY ACTION PROGRAMS PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $15,000 |
ASPIRE HEALTH ALLIANCE PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $9,000 |
GOSNOLD INC PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $90,416 |
QUINCY ASIAN RESOURCES PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $14,000 |