Beth Israel Deaconess Medical Center Inc
- Assets
- $3.0b
- Revenue
- $2.4b
- Investments
- $257.1m
- Employees
- 14,047
- Location
- Boston, MA
- Founding
- 11/1938
- Data as of
- 09/2022
- EIN
- 04-2103881
Organization Overview
Beth Israel Deaconess Medical Center Inc is located in Boston, MA. The organization was established in 1938. 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 Medical Center Inc employed 14,047 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beth Israel Deaconess Medical Center 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 09/2022, Beth Israel Deaconess Medical Center Inc generated $2.4b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.4b during the year ending 09/2022. While expenses have increased by 6.1% 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 2015, Beth Israel Deaconess Medical Center Inc has awarded 1,325 individual grants totaling $515,285,287. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TERTIARY CARE ACADEMIC MEDICAL CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O-PATIENT CARE
SEE SCHEDULE O-RESEARCH
SEE SCHEDULE O-TEACHING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ain Aron Trustee | Trustee | 1 | $0 |
Berman Ann E Trustee & Vice Chair | OfficerTrustee | 1 | $0 |
Chaikof MD PHD Elliot L Ttee (exoff)/surg Chf; Hmfp Surg Chr | Trustee | 32 | $603,080 |
Cheng Jill T Trustee | Trustee | 1 | $0 |
Cronin Michael F Trustee | Trustee | 1 | $0 |
Cutler Joel E Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amerisource Bergen-mansfield Div Pharmaceutical Distribution | 9/29/23 | $343,139,045 |
Harvard Medical Faculty Phys At Bidmc Physician Services | 9/29/23 | $202,971,712 |
Beth Israel Lahey Health Inc Mgmt., Professional, Other Services | 9/29/23 | $189,870,169 |
Turner Construction Company Construction | 9/29/23 | $110,279,430 |
Fidelity Employee Retirement Benefit Svcs | 9/29/23 | $81,097,563 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,751 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,113,374 |
| Noncash contributions included in lines 1a–1f | $2,328,111 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,133,125 |
| Total Program Service Revenue | $1,915,452,445 |
| Investment income | $9,017,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $936,394 |
| Net Rental Income | $12,742,292 |
| Net Gain/Loss on Asset Sales | $24,825,344 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,446,032,625 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,959,776 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $298,365 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,567,672 |
| Compensation of current officers, directors, key employees. | $303,584 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $683,323,458 |
| Pension plan accruals and contributions | $46,224,452 |
| Other employee benefits | $39,843,185 |
| Payroll taxes | $63,847,763 |
| Fees for services: Management | $96,818,676 |
| Fees for services: Legal | $1,731,798 |
| Fees for services: Accounting | $911,018 |
| Fees for services: Lobbying | $125,458 |
| Fees for services: Fundraising | $247,540 |
| Fees for services: Investment Management | $7,671,193 |
| Fees for services: Other | $395,559,356 |
| Advertising and promotion | $560,010 |
| Office expenses | $560,972,077 |
| Information technology | $4,737,760 |
| Royalties | $0 |
| Occupancy | $96,837,510 |
| Travel | $575,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $538,402 |
| Interest | $15,180,655 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,128,905 |
| Insurance | $11,197,145 |
| All other expenses | $0 |
| Total functional expenses | $2,390,379,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $524,987,971 |
| Pledges and grants receivable | $72,328,078 |
| Accounts receivable, net | $172,151,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,836,208 |
| Prepaid expenses and deferred charges | $26,208,390 |
| Net Land, buildings, and equipment | $1,026,344,936 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $257,081,878 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $882,907,717 |
| Total assets | $2,995,847,018 |
| Accounts payable and accrued expenses | $297,441,829 |
| Grants payable | $0 |
| Deferred revenue | $78,290,085 |
| Tax-exempt bond liabilities | $971,352,201 |
| 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 | $363,362,036 |
| Total liabilities | $1,710,446,151 |
| Net assets without donor restrictions | $923,564,397 |
| Net assets with donor restrictions | $361,836,470 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,995,847,018 |
Grants Awarded
Over the last fiscal year, Beth Israel Deaconess Medical Center Inc has awarded $38,319,040 in support to 172 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN COMMUNITY ECONOMIC DEVELOPMENT OF NEW ENGLAND (ACEDONE) PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $33,333 |
BOSTON CHINATOWN NEIGHBORHOOD CENTER (BCNC) PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $270,000 |
ABOUT HEALTHCARE INC PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $81,425 |
AIR AMBULANCE WORLDWIDE PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $8,824 |
ALLSTON BRIGHTON HEALTH COLLABORATIVE PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $50,000 |
ASIAN COMMUNITY DEVELOPMENT CORPORATION PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $166,667 |