Beth Israel Deaconess Hospital - Needham Inc
- Assets
- $166.4m
- Revenue
- $138.9m
- Investments
- $0.0
- Employees
- 1,172
- Location
- Needham, MA
- Founding
- 08/1994
- Data as of
- 09/2022
- 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 09/2023, Beth Israel Deaconess Hospital - Needham Inc employed 1,172 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 09/2022, Beth Israel Deaconess Hospital - Needham Inc generated $138.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $133.8m during the year ending 09/2022. While expenses have increased by 7.0% 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 2019, Beth Israel Deaconess Hospital - Needham Inc has awarded 64 individual grants totaling $1,630,174. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rowan Michael Trustee (ceo Designate) | Trustee | 1 | $0 |
Fogarty John President, Trustee (ex-Officio) | OfficerTrustee | 1 | $0 |
Kannam MD Joseph Trustee And Cardiologist | Trustee | 1 | $0 |
Buckle MD David Trustee; Physician, Family Medicine | Trustee | 1 | $0 |
Carnahan Virginia Trustee, Chair | OfficerTrustee | 1 | $0 |
Antin Francis Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beth Israel Lahey Health Inc Management & Professional Services | 9/29/23 | $12,073,284 |
Us Bank Trust Company National Associati Banking Services | 9/29/23 | $1,232,387 |
Bond Building Construction Inc Contractor Services | 9/29/23 | $380,109 |
Amerisourcebergen Drug Corp Medical Services | 9/29/23 | $906,911 |
Walsh Brothers Inc Medical Services | 9/29/23 | $536,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $394,615 |
| Related organizations | $0 |
| Government grants | $621,934 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,184,231 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,200,780 |
| Total Program Service Revenue | $131,850,835 |
| Investment income | $438,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,388 |
| Net Gain/Loss on Asset Sales | $218,746 |
| Net Income from Fundraising Events | -$133,465 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,937,991 |
| 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. | $1,481,038 |
| Compensation of current officers, directors, key employees. | $130,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,104,948 |
| Pension plan accruals and contributions | $1,304,184 |
| Other employee benefits | $5,963,786 |
| Payroll taxes | $4,167,089 |
| Fees for services: Management | $7,320,591 |
| Fees for services: Legal | -$22,937 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $51,405 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,436,037 |
| Advertising and promotion | $0 |
| Office expenses | $23,798,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,211,500 |
| Travel | $18,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,483 |
| Interest | $2,001,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,549,516 |
| Insurance | $183,899 |
| All other expenses | $189,073 |
| Total functional expenses | $133,771,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,745,000 |
| Savings and temporary cash investments | $7,656,344 |
| Pledges and grants receivable | $2,008,920 |
| Accounts receivable, net | $14,196,845 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,184,252 |
| Prepaid expenses and deferred charges | $529,471 |
| Net Land, buildings, and equipment | $108,846,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,219,652 |
| Total assets | $166,387,328 |
| Accounts payable and accrued expenses | $12,220,610 |
| Grants payable | $0 |
| Deferred revenue | $16,160,743 |
| Tax-exempt bond liabilities | $54,066,869 |
| 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 | $13,470,932 |
| Total liabilities | $95,919,154 |
| Net assets without donor restrictions | $58,349,588 |
| Net assets with donor restrictions | $12,118,586 |
| 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 | $166,387,328 |
Grants Awarded
Over the last fiscal year, Beth Israel Deaconess Hospital - Needham Inc has awarded $444,821 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMN HEALTHCARE (STRATUS) PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $66,641 |
CHARLES RIVER YMCA PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $6,000 |
CIRCLE OF HOPE PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $25,000 |
CHARLES RIVER CHAMBER PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $10,840 |
DEDHAM COUNCIL ON AGING PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $6,000 |
DEDHAM FOOD PANTRY PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $6,000 |