Mount Auburn Hospital
- Assets
- $474.6m
- Revenue
- $335.9m
- Investments
- $133.3m
- Employees
- 2,432
- Location
- Cambridge, MA
- Founding
- 11/1936
- Data as of
- 09/2020
- EIN
- 04-2103606
Organization Overview
Mount Auburn Hospital is located in Cambridge, MA. The organization was established in 1936. 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 09/2021, Mount Auburn Hospital employed 2,432 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Auburn Hospital 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 09/2020, Mount Auburn Hospital generated $335.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $318.3m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mount Auburn Hospital has awarded 15 individual grants totaling $2,005,620. 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
2020
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 |
|---|---|---|---|
Huang MD Edwin Trustee (ex-Officio), Interim President | OfficerTrustee | 55 | $593,935 |
Powar MD Amit Executive Vice President, Maps | 55 | $516,699 | |
Clardy Peter Md, Chair Medical Education | 55 | $465,620 | |
White Kendall Cio | Officer | 55 | $447,916 |
Sullivan William J VP & CFO | Officer | 55 | $441,840 |
Brown MD Jennifer Chair, Dept Of Psychiatry | 55 | $412,991 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walsh Bothers Inc Contractor | 9/29/21 | $6,351,921 |
Epic Systems Corporation Maintenance | 9/29/21 | $3,239,263 |
Harvard Medical Faculty Physicians Md Services | 9/29/21 | $2,455,172 |
Quest Diagnostics Lab Testing | 9/29/21 | $1,283,113 |
Angelica-somerville Laundry Services | 9/29/21 | $1,142,455 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,745,651 |
| Investment income | $8,129,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,224,686 |
| Net Gain/Loss on Asset Sales | $3,216,482 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,853,854 |
| 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. | $3,264,622 |
| Compensation to disqualified persons | $1,655,795 |
| Other salaries and wages | $130,333,475 |
| Pension plan accruals and contributions | $5,735,981 |
| Other employee benefits | $15,290,666 |
| Payroll taxes | $9,228,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $68,407 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,693,665 |
| Advertising and promotion | $124,397 |
| Office expenses | $49,251,495 |
| Information technology | $15,112,408 |
| Royalties | $0 |
| Occupancy | $6,728,693 |
| Travel | $121,354 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,138,328 |
| Interest | $4,160,286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,591,595 |
| Insurance | $6,995,840 |
| All other expenses | $0 |
| Total functional expenses | $318,273,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,055,390 |
| Savings and temporary cash investments | $53,817,379 |
| Pledges and grants receivable | $4,394,110 |
| Accounts receivable, net | $25,886,866 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,728,316 |
| Prepaid expenses and deferred charges | $5,636,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $133,349,856 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,644,319 |
| Total assets | $474,641,703 |
| Accounts payable and accrued expenses | $41,813,308 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $116,833,780 |
| 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 | $72,021,994 |
| Total liabilities | $230,669,082 |
| Net assets without donor restrictions | $0 |
| 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 | $243,972,621 |
Grants Awarded
Over the last fiscal year, Mount Auburn Hospital has awarded $72,626 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: COMMUNITY SUPPORT | $35,626 |
WATERTOWN HEALTH DEPARTMENT PURPOSE: COMMUNITY SUPPORT | $7,000 |
BELMONT HEALTH DEPARTMENT PURPOSE: COMMUNITY SUPPORT | $5,000 |
Brighton, MA PURPOSE: COMMUNITY SUPPORT | $5,000 |
PURPOSE: COMMUNITY SUPPORT | $5,000 |
CAMBRIDGE DEPARTMENT OF PUBLIC HEALTH PURPOSE: COMMUNITY SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mount Auburn Hospital has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $20,155,576 |
| Earnings | $1,750,229 |
| Net Contributions | $4,850,504 |
| Other Expense | $3,546,507 |
| Ending Balance | $23,209,802 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Bridgeport Hospital Bridgeport, CT | $853,709,766 | $729,975,555 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Danbury Hospital Danbury, CT | $968,428,982 | $798,413,805 |