Joslin Diabetes Center Inc
- Assets
- $107.6m
- Revenue
- $77.0m
- Investments
- $28.3m
- Employees
- 607
- Location
- Boston, MA
- Founding
- 04/1961
- Data as of
- 09/2020
- EIN
- 04-2203836
Organization Overview
Joslin Diabetes Center Inc is located in Boston, MA. The organization was established in 1961. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 09/2021, Joslin Diabetes Center Inc employed 607 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joslin Diabetes 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 09/2020, Joslin Diabetes Center Inc generated $77.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $96.5m during the year ending 09/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PREVENT, TREAT AND CURE DIABETES. OUR VISION IS A WORLD FREE OF DIABETES AND ITS COMPLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT CARE: JOSLIN HAS TREATED THOUSANDS OF PATIENTS OVER ITS 100+ YEAR HISTORY. PATIENTS ARE SEEN IN THE JOSLIN CLINIC FOR SERVICES THAT INCLUDE ENDOCRINOLOGY, OPHTHALMOLOGY, NEPHROLOGY, PSYCHOSOCIAL SERVICES, NUTRITION, EXERCISE PHYSIOLOGY AND OTHERS. IN ADDITION, JOSLIN HAS A PROFESSIONAL EDUCATION PROGRAM WHICH EDUCATES PHYSICIANS WORLDWIDE ON JOSLIN TREATMENT METHODS FOR PATIENTS WITH DIABETES.SEE THE COMMUNITY BENEFIT STATEMENT ON SCHEDULE O.
RESEARCH: MILLIONS OF PEOPLE WITH DIABETES THROUGHOUT THE WORLD BENEFIT DIRECTLY FROM BASIC AND CLINICAL RESEARCH CONDUCTED AT THE CENTER. APPROXIMATELY 300 RESEARCHERS EMPLOYED AT THE JOSLIN DIABETES CENTER ARE WORKING ON VARIOUS ASPECTS OF DIABETES, SEARCHING FOR WAYS TO PREVENT AND TREAT DIABETES IN ALL ITS FORMS AND ULTIMATELY FIND A CURE FOR THE DISEASE.SEE THE COMMUNITY BENEFIT STATEMENT ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta Herman MD President & Chief Executive Officer | OfficerTrustee | 39 | $643,492 |
Eliot M Lurier Treasurer/cfo/coo | Officer | 39 | $410,861 |
Ronald C Kahn Vice Chairman/section Chief, Obesity | Officer | 40 | $409,841 |
George L King MD Trustee/sr. Vp/chief Science Officer | Trustee | 39 | $404,348 |
Maria D Buckley General Counsel | Officer | 38 | $383,440 |
Lloyd P Aiello Vice President, Ophthalmology | Officer | 40 | $372,369 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Colliers International Facilities Management | 9/29/21 | $826,336 |
Platformq Health Education Llc Education | 9/29/21 | $478,002 |
Presidio Networked Solutions It Support & Maintenance | 9/29/21 | $423,677 |
Regents Of Univ Of Mn Research | 9/29/21 | $338,479 |
Attain Llc Consulting | 9/29/21 | $229,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,046,867 |
| Investment income | $603,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $450,923 |
| Net Gain/Loss on Asset Sales | $323,170 |
| Net Income from Fundraising Events | $665,457 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,953,905 |
| 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. | $3,434,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,813,506 |
| Pension plan accruals and contributions | $1,846,055 |
| Other employee benefits | $6,410,184 |
| Payroll taxes | $2,638,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $424,068 |
| Fees for services: Accounting | $186,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $717,633 |
| Fees for services: Investment Management | $382,484 |
| Fees for services: Other | $12,651,441 |
| Advertising and promotion | $5,754 |
| Office expenses | $1,066,782 |
| Information technology | $539,801 |
| Royalties | $0 |
| Occupancy | $2,260,570 |
| Travel | $435,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $311,510 |
| Interest | $116,769 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,833,845 |
| Insurance | $1,001,239 |
| All other expenses | $0 |
| Total functional expenses | $96,451,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,256,070 |
| Pledges and grants receivable | $4,561,375 |
| Accounts receivable, net | $4,719,202 |
| 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 | $745,353 |
| Investments—publicly traded securities | $46,820,782 |
| Investments—other securities | $28,316,228 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,240,889 |
| Total assets | $107,556,453 |
| Accounts payable and accrued expenses | $10,580,574 |
| Grants payable | $0 |
| Deferred revenue | $4,153,679 |
| 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 | $1,200,154 |
| Unsecured mortgages and notes payable | $7,597,810 |
| Other liabilities | $5,795,837 |
| Total liabilities | $29,328,054 |
| 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 | $78,228,399 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Joslin Diabetes Center Inc has recieved totaling $19,200.
| Awarding Organization | Amount |
|---|---|
Roy And Ellen Rosenthal Family Foundation Inc Potomac, MD PURPOSE: RESEARCH FOR DIABETES | $10,000 |
Howard A & Lillian H Walsh Trust 137-0003332400 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $3,500 |
The Rita And Harry Greenberger Foundation Inc Haddonfield, NJ PURPOSE: GENERAL PURPOSES | $3,000 |
Edward E And Hilda C Rosen Foundation Bangor, ME PURPOSE: VARIOUS | $1,700 |
Scarbro Family Foundation Carlisle, MA PURPOSE: GENERAL FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $72,341,399 |
| Earnings | $14,410,045 |
| Net Contributions | $244,552 |
| Other Expense | $4,887,533 |
| Ending Balance | $82,108,463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jdrf International New York, NY | $389,461,665 | $238,595,505 |
Joslin Diabetes Center Inc Boston, MA | $107,556,453 | $76,953,905 |
Fund For Public Health In New York Inc New York, NY | $56,819,635 | $72,117,813 |
National Organization For Rare Disorders Inc Quincy, MA | $37,875,246 | $43,188,172 |
Lymphoma Research Foundation New York, NY | $31,207,101 | $16,103,858 |
African Leaders Malaria Alliance Inc Laurelton, NY | $8,771,808 | $10,298,494 |
The Marfan Foundation Inc Port Washington, NY | $16,600,923 | $9,814,628 |
Learning Disabilities Association Of Western New York Inc Kenmore, NY | $2,525,018 | $4,880,891 |
Eb Research Partnership Inc New York, NY | $20,862,871 | $7,736,054 |
Yairockland County Association For People With Disabilities New York, NY | $0 | $3,637,352 |
Allegany Council On Alcoholism And Substance Abuse Inc Wellsville, NY | $2,491,126 | $2,749,912 |
Positudes Inc Westbury, NY | $32,648,999 | $5,043,435 |