Umass Memorial Health Care Inc

Organization Overview

Umass Memorial Health Care Inc is located in Worcester, MA. The organization was established in 2000. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2021, Umass Memorial Health Care Inc employed 1,871 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Umass Memorial Health Care 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, Umass Memorial Health Care Inc generated $457.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $446.8m during the year ending 09/2021. While expenses have increased by 12.4% 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 2015, Umass Memorial Health Care Inc has awarded 71 individual grants totaling $9,521,217. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT, DEVELOP AND COORDINATE AN INTEGRATED HEALTH CARE DELIVERY SYSTEM THAT INCLUDES MULTIPLE HEALTH CARE FACILITIES AND PROVIDERS. TO RECEIVE IN TRUST, FROM WHATEVER SOURCE, AND ADMINISTER GIFTS AND GRANTS, WHETHER RESTRICTED OR FOR A SPECIFIC PURPOSE. TO PROMOTE SERVICES AND PROGRAMS THAT ARE CHARITABLE, SCIENTIFIC OR EDUCATIONAL AND THAT ADDRESS THE PHYSICAL AND MENTAL NEEDS OF THE COMMUNITY AT LARGE, PROVIDED THE CORPORATION SHALL OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE MEDICAL CENTER AND OTHER CHARITABLE ORGANIZATIONS OR HOSPITALS THAT ARE UNDER COMMON CONTROL.

Describe the Organization's Program Activity:

TO SUPPORT THE ADVANCEMENT OF THE KNOWLEDGE, EDUCATION, AND RESEARCH AND THE PRACTICE OF HEALTH CARE RELATED SERVICES THROUGH THE OVERSIGHT OF UMASS MEMORIAL HEALTH CARE OPERATIONS AND THE EFFICIENT DELIVERY OF SUPPORT SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Former Key Employee Until 1/2018
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Crothall Hlthcare Inc
Clinical Engineering Services
$17,018,655
Epic Hosting Llc
Software Maintenance Services
$8,000,817
Vizient Inc
Supply Chain Services
$5,883,360
Ernst & Young Llp
Consulting Services
$4,405,299
Ntt Data Svcs Llc
Consulting And Outsourcing Services
$2,271,180
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$181,580
Related organizations$0
Government grants $8,192,414
All other contributions, gifts, grants, and similar amounts not included above$1,379,491
Noncash contributions included in lines 1a–1f $2,982
Total Revenue from Contributions, Gifts, Grants & Similar$9,753,485
Total Program Service Revenue$413,391,767
Investment income $34,489,679
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $255,125
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $457,890,056

Grants Awarded

Over the last fiscal year, Umass Memorial Health Care Inc has awarded $1,462,444 in support to 13 organizations.

Grant RecipientAmount

CITY OF WORCESTER

PURPOSE: 1. Donation to establish Worcester Health Equity Fund

$1,123,000

UMASS CHAN MEDICAL SCHOOL

Org PageRecipient Profile

Shrewsbury, MA

PURPOSE: 2. Promote the career development of junior faculty

$137,444

COMMUNITY LEGAL AID INC

Org PageRecipient Profile

Worcester, MA

PURPOSE: 3. Support Medical Legal Partnership between Umass Memorial & Community Legal Aid

$60,000

UMASS MEMORIAL FOUNDATION INC THE

Org PageRecipient Profile

Shrewsbury, MA

PURPOSE: 4. Support Cancer

$25,000

REGIONAL ENVIRONMENTAL COUNCIL INC

Org PageRecipient Profile

Worcester, MA

PURPOSE: 5. Support to address food insecurity

$25,000

WORCESTER COMMON GROUND INC

Org PageRecipient Profile

Worcester, MA

PURPOSE: 6. Support to address food insecurity

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Umass Memorial Health Care Inc has recieved totaling $51.

Awarding OrganizationAmount
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$51
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$50,634,682
Earnings$9,706,687
Net Contributions$95,183
Other Expense$2,709,834
Ending Balance$57,726,718

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