Baystate Health Inc is located in Springfield, MA. The organization was established in 1993. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baystate Health 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 09/2020, Baystate Health Inc generated $40.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $34.7m during the year ending 09/2020. While expenses have increased by 7.0% per year over the past 6 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, Baystate Health Inc has awarded 34 individual grants totaling $3,074,347. 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
THE MISSION OF THE ORGANIZATION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES EVERY DAY, WITH QUALITY AND COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAYSTATE HEALTH, INC. (BAYSTATE HEALTH OR BH) BASED IN SPRINGFIELD, MASSACHUSETTS IS THE PARENT CORPORATION OF AN INTEGRATED HEALTH CARE DELIVERY SYSTEM WITH THE MISSION "TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITY EVERY DAY, WITH QUALITY AND COMPASSION."BH PROVIDES FUNDING FOR STRATEGIC INITIATIVES, AS NECESSARY, FUNDING FOR RESEARCH & EDUCATION INITIATIVES AND SUPPORT OF COMMUNITY HEALTH, DEVELOPMENT, AND OUTREACH ACTIVITIES, MOSTLY FUNDED BY BH BOARD-DESIGNATED FUNDS. PUBLIC HEALTH INSTITUTE OF WESTERN MASSACHUSETTS, FORMERLY PARTNERS FOR A HEALTHIER COMMUNITY, IS THE PRIMARY RECIPIENT OF BH SUPPORT.BAYSTATE HEALTH CURRENTLY INCLUDES THE FOLLOWING:BAYSTATE MEDICAL CENTER (BMC), LOCATED IN SPRINGFIELD, MASSACHUSETTS, IS THE LARGEST OF THE FOUR HOSPITALS IN THE BAYSTATE HEALTH SYSTEM. BMC, THE LEADING HEALTH FACILITY IN WESTERN MASSACHUSETTS, IS THE ONLY TERTIARY CARE REFERRAL MEDICAL CENTER AND LEVEL I TRAUMA CENTER IN THE REGION. IT IS ALSO HOME TO WESTERN NEW ENGLAND'S ONLY NEONATAL AND PEDIATRIC INTENSIVE CARE UNITS. BMC IS A 746-BED, TAX EXEMPT, NOT-FOR-PROFIT, ACADEMIC TEACHING HOSPITAL.BAYSTATE FRANKLIN MEDICAL CENTER (BFMC), LOCATED IN GREENFIELD, MASSACHUSETTS, IS A 89-BED, TAX EXEMPT, NOT-FOR-PROFIT, ACUTE CARE COMMUNITY HOSPITAL. BFMC SERVES THE NORTHERN TIER OF NORTHWESTERN MASSACHUSETTS AND SOUTHERN VERMONT.BAYSTATE WING HOSPITAL CORPORATION (BWH), LOCATED IN PALMER, MASSACHUSETTS, IS A 68-BED, TAX-EXEMPT, NOT-FOR-PROFIT, ACUTE CARE COMMUNITY HOSPITAL.BAYSTATE TOTAL HOME CARE, INC. (BTHC), LOCATED IN SPRINGFIELD, MASSACHUSETTS, IS A TAX EXEMPT, NOT-FOR-PROFIT CORPORATION ORGANIZED TO BENEFIT, SUPPORT AND FURTHER THE CHARITABLE ACTIVITIES OF BMC.BAYSTATE NOBLE HOSPITAL, INC. (BNH), LOCATED IN WESTFIELD, MASSACHUSETTS, IS A 85-BED TAX-EXEMPT, NOT-FOR-PROFIT ACUTE CARE COMMUNITY HOSPITAL. BNH PROVIDES INPATIENT, OUTPATIENT AND EMERGENCY CARE SERVICES FOR RESIDENTS IN THE GREATER WESTFIELD COMMUNITY. BAYSTATE MEDICAL PRACTICES, INC. (BMP) IS A MULTI-SPECIALTY ACADEMIC GROUP PRACTICE ESTABLISHED AS A TAX EXEMPT, NOT-FOR-PROFIT ORGANIZATION TO SUPPORT THE EDUCATIONAL AND RESEARCH PROGRAMS OF BAYSTATE HEALTH AS WELL AS NUMEROUS COMMUNITY PRIMARY CARE AND OUTREACH SERVICES.VISITING NURSE ASSOCIATION AND HOSPICE OF WESTERN NEW ENGLAND, INC. (BVNAH) IS A TAX EXEMPT, NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES COMPREHENSIVE HOME HEALTH CARE COMMITTED TO PROVIDING THE HIGHEST QUALITY CARE TO PATIENTS AND FAMILIES, PRIMARILY IN THE HOME SETTING. BVNAH MEETS INDIVIDUAL NEEDS BY BRINGING EXPERIENCED NURSES, REHABILITATION THERAPISTS, SOCIAL WORKERS, AND HOME CARE AIDES TO PATIENTS' HOMES.HEALTH NEW ENGLAND, INC. (HNE) IS A TAX EXEMPT, NOT-FOR-PROFIT HEALTH MAINTENANCE ORGANIZATION. IT IS LOCATED IN SPRINGFIELD, MASSACHUSETTS. HNE'S SERVICE AREA IN MASSACHUSETTS INCLUDES FRANKLIN, BERKSHIRE, HAMPDEN AND HAMPSHIRE COUNTIES AND PART OF WORCESTER COUNTY. HNE ALSO SERVES HARTFORD, LITCHFIELD AND TOLLAND COUNTIES IN CONNECTICUT.BAYSTATE ADMINISTRATIVE SERVICES, INC. (BAS) IS A TAX EXEMPT, NOT-FOR-PROFIT CORPORATION THAT PROVIDES MANAGEMENT SUPPORT FOR THE BH SUBSIDIARIES, INCLUDING HUMAN RESOURCES, MARKETING, STRATEGIC PLANNING, INFORMATION SERVICES AND FINANCIAL SERVICES.BAYSTATE HEALTH FOUNDATION, INC. (BHF) IS A TAX EXEMPT, CHARITABLE ORGANIZATION ESTABLISHED FOR THE PURPOSE OF FUND-RAISING FOR HEALTHCARE RELATED ACTIVITIES, IN SUPPORT, AND FOR THE BENEFIT, OF BH AND THOSE SUBSIDIARIES OF BH THAT ARE TAX EXEMPT, NOT-FOR-PROFIT CORPORATIONS, AND TO HOLD ENDOWMENT, CHARITABLE DONATIONS, AND OTHER FUNDS FOR THEIR BENEFIT.INGRAHAM CORPORATION (IC) IS A FOR-PROFIT, TAXABLE CORPORATION WHOSE MAIN PURPOSE IS FACILITY SUPPORT SERVICES.BAYSTATE HEALTH INSURANCE COMPANY, LTD. (BHIC) IS A CAPTIVE INSURANCE COMPANY ORGANIZED AND LICENSED IN THE CAYMAN ISLANDS, BRITISH WEST INDIES. BHIC PROVIDES PROFESSIONAL LIABILITY AND OTHER INSURANCE COVERAGE TO BH AND ITS CORPORATE AFFILIATES AND THEIR EMPLOYEES. BHIC ALSO OFFERS MALPRACTICE INSURANCE TO MEMBERS OF BH'S MEDICAL STAFF WHO MEET CRITERIA FOR PARTICIPATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kevin P Moriarty MD Trustee/chief Ped Surgery | Trustee | 1 | $713,152 |
Akinyele K Lovelace DO Trustee/ Per Diem Internist | Trustee | 1 | $56,330 |
Mark A Keroack MD President, CEO & Trustee | OfficerTrustee | 35 | $0 |
Robert J Bacon Chair | OfficerTrustee | 2 | $0 |
Raymond Mccarthy Svp, Finance, CFO & Treasurer | Officer | 10 | $0 |
Kristin R Delaney Clerk | Officer | 34 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Baystate Administrative Services Inc Management Services | 9/29/21 | $2,059,152 |
Birdsall Voss & Associates Inc Consulting / Advertising Services | 9/29/21 | $287,013 |
Oliver Wyman Inc Strategic Consulting Services | 9/29/21 | $1,610,000 |
Kyruus Inc Software Consulting Services | 9/29/21 | $284,870 |
Third River Partners Llc Management Consulting Services | 9/29/21 | $330,079 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $24,077,413 |
Investment income | $1,288,794 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $28,787 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $431,930 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $40,124,462 |
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. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,593,874 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,207,490 |
Fees for services: Accounting | $47,703 |
Fees for services: Lobbying | $334,500 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $53,145 |
Fees for services: Other | $3,385,607 |
Advertising and promotion | $94,720 |
Office expenses | $48,050 |
Information technology | $30,570 |
Royalties | $0 |
Occupancy | $0 |
Travel | $21,316 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $70,428 |
Interest | $690,570 |
Payments to affiliates | $2,493,464 |
Depreciation, depletion, and amortization | $7,086 |
Insurance | $37,119 |
All other expenses | $0 |
Total functional expenses | $34,728,141 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $12,270,586 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $267,576 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $23,614,717 |
Investments—publicly traded securities | $17,804,550 |
Investments—other securities | $132,539,032 |
Investments—program-related | $0 |
Intangible assets | $4,132,000 |
Other assets | $48,605,480 |
Total assets | $239,302,322 |
Accounts payable and accrued expenses | $1,946,378 |
Grants payable | $0 |
Deferred revenue | $1,434,760 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $31,725,011 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $99,534,438 |
Total liabilities | $134,640,587 |
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 | $104,661,735 |
Over the last fiscal year, Baystate Health Inc has awarded $430,834 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
Springfield, MA PURPOSE: To assist the Public Health Institute of Western Massachusetts, formerly Partners for a Healthier Community, in narrowing the gap in health disparities for some of Springfield's most vulnerable citizens, and to be a source of support for building civic leaders, creating strategies for change, and promoting policy actions to create healthier communities. | $250,000 |
Springfield, MA PURPOSE: To support the Health Science Library and wellness of practicing MDs and other medical staff. | $123,334 |
Waltham, MA PURPOSE: To improve health and the health care system in the Commonwealth of MA by convening forums and presenting the highest quality research to legislators, stakeholders and the public. | $30,000 |
Boston, MA PURPOSE: To advance public health and medical research by developing programs. The organization collaborates with others to resolve public health issues through policy, research, prevention and health promotion. | $20,000 |
Waltham, MA PURPOSE: To address issues of physician health, including stress, burnout, work-life balance issues and a variety of physical and behavioral health concerns. | $7,500 |
Over the last fiscal year, we have identified 4 grants that Baystate Health Inc has recieved totaling $150,170.
Awarding Organization | Amount |
---|---|
Tua Phyllis W Smith Pvt Fdn Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $88,818 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $51,320 |
Ro Family Foundation Medway, MA PURPOSE: CHARITY | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Beg. Balance | $21,989,215 |
Earnings | $4,093,512 |
Net Contributions | $113,781 |
Ending Balance | $26,196,508 |
Organization Name | Assets | Revenue |
---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $424,302,862 | $116,473,308 |
Archcare New York, NY | $38,938,250 | $96,013,711 |
Community Health Network Of Connecticut Inc Wallingford, CT | $47,159,954 | $74,626,520 |
Rpci Oncology Pc Buffalo, NY | $19,088,362 | $66,318,134 |
Mass General Brigham Incorporated Dover, NH | $7,857,187 | $29,893,981 |
Vna Care Network Inc Worcester, MA | $8,603,953 | $48,842,380 |
Columbiadoctors Newyork-Presbyterian Imaging New York, NY | $48,011,662 | $60,111,009 |
Western Connecticut Health Network Inc Danbury, CT | $607,496,068 | $32,480,212 |
Baystate Health Inc Springfield, MA | $239,302,322 | $40,124,462 |
Harrington Physician Services Inc Southbridge, MA | $5,550,764 | $24,087,781 |
Coastal Medical Physicians Inc Providence, RI | $21,618,026 | $34,586,509 |
Auburn Memorial Medical Services Pc Auburn, NY | $2,235,754 | $24,512,215 |