Joslin Diabetes Center Inc
- Assets
- $166.0m
- Revenue
- $74.2m
- Investments
- $30.3m
- Employees
- 550
- Location
- Boston, MA
- Founding
- 04/1961
- Data as of
- 09/2023
- 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 09/2023, Joslin Diabetes Center Inc employed 550 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 09/2023, Joslin Diabetes Center Inc generated $74.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $82.8m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Joslin Diabetes Center Inc has awarded 47 individual grants totaling $26,648,228. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
PATIENT CARE: THE JOSLIN DIABETES CENTER (JDC), IN CONJUNCTION WITH ITS AFFILIATE THE JOSLIN CLINIC, PROVIDES WORLD CLASS LEADING EDGE PATIENT CARE IN THE SPECIALTY AREA OF DIABETES AND CARING FOR PATIENTS THROUGH A RELENTLESS TEAM OF CLINICIANS, SKILLED HEALTH EDUCATORS, AND ACCESS TO PIONEERING DIABETES RESEARCH. JOSLIN'S MISSION IS NOT ONLY TO PROVIDE OUTSTANDING PATIENT CARE, BUT ALSO TO BRING BEST PRACTICES TO THE LARGER MEDICAL COMMUNITY. JOSLIN IS AFFILIATED WITH HARVARD MEDICAL SCHOOL AND OFFERS A RICH EDUCATIONAL ENVIRONMENT INVOLVING COURSES, LECTURES, FELLOWSHIP OPPORTUNITIES AND CME COURSES. JDC ALSO PROVIDES INFRASTRUCTURE, MANAGEMENT AND SUPPORT SERVICES TO ITS AFFILIATE, THE JOSLIN CLINIC. 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.
RESEARCH: JOSLIN ENGAGES IN RESEARCH RELATED TO BETTER UNDERSTANDING DIABETES, HOW TO TREAT IT AND HOW TO HELP PATIENTS MANAGE AND LIVE HEALTHIER LIVES WITH THE DISEASE. JOSLIN DIABETES RESEARCH CENTER IS ONE OF ONLY 16 NIH-DESIGNATED DIABETES RESEARCH CENTERS IN THE UNITED STATES. JOSLIN'S RESEARCH TEAM IS WORLD-RENOWNED AND PASSIONATE ABOUT IMPROVING THE LIVES OF PEOPLE WITH DIABETESMILLIONS 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.DURING THE PERIOD COVERED BY THIS FILING, JDC HAD 100,426 PATIENT ENCOUNTERS AND 66,184 OUTPATIENT VISITS INCLUDING, 29,705 ADULT DIABETES VISITS, 2,225 BEHAVIORAL HEALTH VISITS, 15,378 OPHTHALMOLOGY VISITS AT BEETHAM EYE INSTITUTE, 9871 DIABETES EDUCATION VISITS, 7,426 PEDIATRIC VISITS, 1,579 NEPHROLOGY VISITS. ADDITIONALLY, JDC PERFORMED 270 EYE SURGERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rowan Michael Trustee (ex-Officio) (ceo Designee) | Trustee | 1 | $0 |
Herman MD PHD Roberta President & Trustee (ex-Officio) | OfficerTrustee | 30 | $757,948 |
King MD George L Ttee (ex-Off); Chief Scientific Off | Trustee | 56 | $422,752 |
Mehta MD Sanjeev Ttee(ex-Off),svp,cmo,cmio, Gen & Epi | Trustee | 56 | $283,753 |
Lagasse Anne M Chair And Trustee | OfficerTrustee | 1 | $0 |
Pasqualini Martin Vice Chairman And Trustee | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brigham & Women's Hosp Research | 9/29/23 | $751,715 |
The Longwood Collective Facility Management | 9/29/23 | $684,025 |
Colliers Intl New England Facility Management | 9/29/23 | $798,267 |
Pvi Peerview Institute Educational Services | 9/29/23 | $605,555 |
Nextgen Healthcare Inc Her System Service | 9/29/23 | $601,473 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,265,884 |
| Related organizations | $0 |
| Government grants | $26,534,190 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,839,936 |
| Noncash contributions included in lines 1a–1f | $126,221 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,640,010 |
| Total Program Service Revenue | $34,027,420 |
| Investment income | $1,513,083 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $406,448 |
| Net Gain/Loss on Asset Sales | $110,417 |
| Net Income from Fundraising Events | -$284,298 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,197,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,407,916 |
| 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. | $2,386,134 |
| Compensation of current officers, directors, key employees. | $327,994 |
| Compensation to disqualified persons | $1,317,016 |
| Other salaries and wages | $17,007,292 |
| Pension plan accruals and contributions | $568,423 |
| Other employee benefits | $5,454,071 |
| Payroll taxes | $1,793,554 |
| Fees for services: Management | $3,370,061 |
| Fees for services: Legal | $305,462 |
| Fees for services: Accounting | -$50,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $68,750 |
| Fees for services: Investment Management | $518,284 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,934 |
| Office expenses | $930,483 |
| Information technology | $44,721 |
| Royalties | $0 |
| Occupancy | $2,834,683 |
| Travel | $424,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250,202 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,960,714 |
| Insurance | $622,193 |
| All other expenses | $60,212 |
| Total functional expenses | $82,769,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,389,547 |
| Pledges and grants receivable | $6,095,268 |
| Accounts receivable, net | $5,577,386 |
| 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 | $6,353,589 |
| Net Land, buildings, and equipment | $52,855,515 |
| Investments—publicly traded securities | $62,165,237 |
| Investments—other securities | $30,332,339 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,237,027 |
| Total assets | $166,005,908 |
| Accounts payable and accrued expenses | $8,841,163 |
| Grants payable | $0 |
| Deferred revenue | $1,357,967 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,792,257 |
| Total liabilities | $11,991,387 |
| Net assets without donor restrictions | $61,654,292 |
| Net assets with donor restrictions | $92,360,229 |
| 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 | $166,005,908 |
Grants Awarded
Over the last fiscal year, Joslin Diabetes Center Inc has awarded $11,406,947 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CHILDREN'S HOSP PURPOSE: RESEARCH-SUBAWARD | $438,522 |
BRIGHAM & WOMEN'S HOSP PURPOSE: RESEARCH-SUBAWARD | $1,187,655 |
REGENTS OF UNIV OF MICHIGAN PURPOSE: RESEARCH-SUBAWARD | $391,869 |
STANFORD UNIV PURPOSE: RESEARCH-SUBAWARD | $367,094 |
RESEARCH FDTN STATE UNIV OF NY PURPOSE: RESEARCH-SUBAWARD | $213,612 |
MASSACHUSETTS GENERAL HOSP PURPOSE: RESEARCH-SUBAWARD | $207,488 |