Beth Israel Deaconess Hospital - Needham Inc
- Assets
- $170.6m
- Revenue
- $126.9m
- Investments
- $10.6m
- Employees
- 961
- Location
- Needham, MA
- Founding
- 08/1994
- Data as of
- 09/2021
- EIN
- 04-3229679
Organization Overview
Beth Israel Deaconess Hospital - Needham Inc is located in Needham, MA. The organization was established in 1994. 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, Beth Israel Deaconess Hospital - Needham Inc employed 961 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beth Israel Deaconess Hospital - Needham 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 09/2021, Beth Israel Deaconess Hospital - Needham Inc generated $126.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $120.6m during the year ending 09/2021. While expenses have increased by 6.3% 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 2019, Beth Israel Deaconess Hospital - Needham Inc has awarded 30 individual grants totaling $998,118. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mcsweeney MD Gregory Cmo | Officer | 55 | $345,017 |
Hoffmann Nancy CFO & Asst Treasurer | Officer | 55 | $300,994 |
Burke Robert Physician Assistant | 55 | $275,905 | |
Davidson RN Kathleen Cno, COO | Officer | 55 | $260,403 |
Welch Julie A Vice President, Hr | Officer | 55 | $189,587 |
Alfieri Diane Registered Nurse | 55 | $185,844 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bidmc Payroll, Purchased, Medical And Manageme | 9/29/21 | $48,876,175 |
Harvard Med Faculty Phys (Hmfp) Physicians Services | 9/29/21 | $4,632,884 |
Beth Israel Lahey Health Inc Purchased And Management Svs | 9/29/21 | $4,054,012 |
Bond Bros Inc Contractor Services | 9/29/21 | $2,765,831 |
Neurocare Inc Medical Services | 9/29/21 | $1,637,954 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $192,389 |
| Related organizations | $0 |
| Government grants | $220,470 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,475,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,888,241 |
| Total Program Service Revenue | $119,541,878 |
| Investment income | $48,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,186 |
| Net Gain/Loss on Asset Sales | $1,025,269 |
| Net Income from Fundraising Events | $38,471 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,877,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,194,620 |
| Compensation of current officers, directors, key employees. | $97,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,422,730 |
| Pension plan accruals and contributions | $1,215,664 |
| Other employee benefits | $6,202,317 |
| Payroll taxes | $3,603,807 |
| Fees for services: Management | $1,721,715 |
| Fees for services: Legal | $13,334 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $40,244 |
| Fees for services: Fundraising | $14,348 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,962,510 |
| Advertising and promotion | $95,636 |
| Office expenses | $20,727,308 |
| Information technology | $1,773,803 |
| Royalties | $0 |
| Occupancy | $3,829,436 |
| Travel | $26,834 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,758 |
| Interest | $2,043,476 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,514,356 |
| Insurance | $236,317 |
| All other expenses | $0 |
| Total functional expenses | $120,642,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,502,937 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,008,920 |
| Accounts receivable, net | $12,428,936 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,470,983 |
| Prepaid expenses and deferred charges | $648,779 |
| Net Land, buildings, and equipment | $109,253,107 |
| Investments—publicly traded securities | $13,079,663 |
| Investments—other securities | $10,625,881 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,608,071 |
| Total assets | $170,627,277 |
| Accounts payable and accrued expenses | $11,552,624 |
| Grants payable | $0 |
| Deferred revenue | $16,676,499 |
| Tax-exempt bond liabilities | $56,815,801 |
| 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 | $21,565,901 |
| Total liabilities | $106,610,825 |
| Net assets without donor restrictions | $53,508,837 |
| Net assets with donor restrictions | $10,507,615 |
| 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 | $170,627,277 |
Grants Awarded
Over the last fiscal year, Beth Israel Deaconess Hospital - Needham Inc has awarded $811,133 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Needham, MA PURPOSE: COMMUNITY SUPPORT | $597,438 |
Dedham, MA PURPOSE: SUPPORT FOR COMMUNITY MENTAL HEALTH | $64,000 |
TOWN OF NEEDHAM PURPOSE: SUPPORT FOR TOWNWIDE EDUCATION, HEALTH SUPPLIES AND MENTAL HEALTH SUPPORT | $37,885 |
Needham, MA PURPOSE: COMMUNITY SUPPORT | $10,000 |
Needham, MA PURPOSE: COMMUNITY SUPPORT | $8,000 |
NEEDHAM PUBLIC HEALTH PURPOSE: COMMUNITY SUPPORT | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Beth Israel Deaconess Hospital - Needham Inc has recieved totaling $39,063.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $23,100 |
Roger M & Michelle S Marino Charitable Foundation 12-94 Naples, FL PURPOSE: TO SUPPORT THE COMMUNITY | $10,000 |
Goldenson-Arbus Foundation Inc Mount Kisco, NY PURPOSE: NEEDHAM ANNUAL FUND | $2,500 |
The Paul And Phyllis Fireman Charitable Foundation Waltham, MA PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $2,400 |
Hy And Greta Berkowitz Foundation Dedham, MA PURPOSE: ANNUAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Endowment Analysis
| Beg. Balance | $6,617,242 |
| Earnings | $733,262 |
| Net Contributions | $5,393,917 |
| Other Expense | $2,236,807 |
| Ending Balance | $10,507,614 |
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 |