Mass General Brigham Incorporated
- Assets
- $9.4b
- Revenue
- $2.1b
- Investments
- $2.2b
- Employees
- 8,968
- Location
- Somerville, MA
- Founding
- 11/2010
- Data as of
- 09/2023
- EIN
- 04-3230035
Organization Overview
Mass General Brigham Incorporated is located in Somerville, MA. The organization was established in 2010. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2023, Mass General Brigham Incorporated employed 8,968 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Mass General Brigham Incorporated 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, Mass General Brigham Incorporated generated $2.1b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $2.1b during the year ending 09/2023. While expenses have increased by 9.0% 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 2015, Mass General Brigham Incorporated has awarded 805 individual grants totaling $1,818,747,145. 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
PATIENT CARE, TEACHING, RESEARCH AND SERVING THE COMMUNITY.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Klibanski MD President, CEO & Director | OfficerTrustee | 50 | $5,942,832 |
Yolonda Lorig Colson MD PHD Director | Trustee | 1 | $0 |
Zara R Cooper MD Director | Trustee | 1 | $0 |
Robert G Atchinson Director | Trustee | 1 | $0 |
Marc N Casper Director | Trustee | 1 | $0 |
Anne M Finucane Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boathouse Group Inc Marketing Services | 9/29/23 | $30,063,826 |
Accenture Llp Consulting Services | 9/29/23 | $21,974,894 |
Kpmg Llp Consulting Services | 9/29/23 | $18,563,276 |
Slalom Consulting Consulting Services | 9/29/23 | $17,108,993 |
Randstad Healthcare Staffing Services | 9/29/23 | $16,073,487 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $564,469,432 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,469,432 |
| Total Program Service Revenue | $1,302,825,972 |
| Investment income | $7,463,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $54,951 |
| Net Rental Income | $798,000 |
| Net Gain/Loss on Asset Sales | $177,040,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,053,039,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160,939,602 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $22,765 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $34,418,809 |
| Compensation of current officers, directors, key employees. | $34,418,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $604,941,694 |
| Pension plan accruals and contributions | $181,219,211 |
| Other employee benefits | $106,078,904 |
| Payroll taxes | $63,338,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,613,175 |
| Fees for services: Accounting | $2,019,250 |
| Fees for services: Lobbying | $1,447,191 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,847,395 |
| Advertising and promotion | $43,559,052 |
| Office expenses | $28,655,344 |
| Information technology | $179,436,503 |
| Royalties | $0 |
| Occupancy | $19,522,233 |
| Travel | $1,767,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $390,718 |
| Interest | $228,724,494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,767,689 |
| Insurance | $3,706,797 |
| All other expenses | $970,719 |
| Total functional expenses | $2,146,509,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$97,355,614 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,877,674 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,578,204,345 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,935,647 |
| Net Land, buildings, and equipment | $745,955,881 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,185,129,416 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,811,359,442 |
| Total assets | $9,377,106,791 |
| Accounts payable and accrued expenses | $1,671,833,566 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,973,326,195 |
| 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 | $2,106,172,437 |
| Total liabilities | $7,751,332,198 |
| Net assets without donor restrictions | $1,624,414,149 |
| Net assets with donor restrictions | $1,360,444 |
| 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 | $9,377,106,791 |
Grants Awarded
Over the last fiscal year, Mass General Brigham Incorporated has awarded $160,939,602 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
LYNN COMMUNITY HEALTH CENTER INC PURPOSE: COMMUNITY BENEFIT PROGRAM | $1,001,364 |
BOSTON HEALTH CARE FOR THE HOMELESS PURPOSE: COMMUNITY BENEFIT PROGRAM | $240,000 |
NORTH SHORE COMMUNITY HEALTH INC PURPOSE: COMMUNITY BENEFIT PROGRAM | $232,500 |
BOSTON PUBLIC HEALTH COMMISSION PURPOSE: COMMUNITY BENEFIT PROGRAM | $200,000 |
HEALTH CARE FOR ALL INC PURPOSE: COMMUNITY BENEFIT PROGRAM | $183,855 |
CENTERBOARD PURPOSE: COMMUNITY BENEFIT PROGRAM | $100,000 |