Vincent Memorial Hospital Foundation Inc
- Assets
- $36.4m
- Revenue
- $2.7m
- Investments
- $36.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/1932
- Data as of
- 09/2021
- EIN
- 04-6004286
Organization Overview
Vincent Memorial Hospital Foundation Inc is located in Boston, MA. The organization was established in 1932. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vincent Memorial Hospital Foundation 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, Vincent Memorial Hospital Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $1.4m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vincent Memorial Hospital Foundation Inc has awarded 24 individual grants totaling $7,071,657. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PROGRAMS FOR THE CARE AND TREATMENT OF THE DISEASES OF WOMEN AT MASS. GENERAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1) ONGOING SUPPORT OF THE VINCENT CENTER FOR REPRODUCTIVE BIOLOGY.2) ONGOING SUPPORT OF FELLOWSHIP (SUBSPECIALTY) TRAINING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Catherine President | OfficerTrustee | 2 | $0 |
Baker Hope L Clerk | OfficerTrustee | 2 | $0 |
Gates Peter R Trustee | OfficerTrustee | 2 | $0 |
Walker David E Chair Person | OfficerTrustee | 2 | $0 |
Binder Brant C Trustee | Trustee | 2 | $0 |
Ebsworth William R Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,320 |
| Total Program Service Revenue | $0 |
| Investment income | $554,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,886,796 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,651,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,065,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $228,755 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $896 |
| Total functional expenses | $1,382,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,124 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,964,841 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,382,965 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $36,382,965 |
| Net assets with donor restrictions | $0 |
| 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 | $36,382,965 |
Grants Awarded
Over the last fiscal year, Vincent Memorial Hospital Foundation Inc has awarded $1,065,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: REPRODUCTIVE BIOLOGY | $685,000 |
Somerville, MA PURPOSE: TEACHING AND RESEARCHING | $310,000 |
Somerville, MA PURPOSE: PROGRAM AND PROJECT SUPPORT | $70,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Vincent Memorial Hospital Foundation Inc has recieved totaling $57,300.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $32,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $12,000 |
Boston Foundation Inc Boston, MA PURPOSE: Operating Support/Annual Fund | $8,300 |
Westwind Foundation Charlottesville, VA PURPOSE: TO FUND OPERATING NEEDS | $5,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rhode Island Hospital Foundation Providence, RI | $69,328,658 | $16,409,972 |
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
International Union Operating Engineers Johnston, RI | $24,623,216 | $15,388,250 |
Danbury Hospital & New Milford Hospital Foundation Inc Danbury, CT | $175,854,316 | $24,324,982 |
New York And Presbyterian Hospitals Healthcare System Inc New York, NY | $3,724,021 | $13,051,406 |
Connecticut Childrens Foundation Inc Hartford, CT | $208,742,176 | $23,151,101 |
Umh Jgj Corp Binghamton, NY | $8,297,454 | $12,939,554 |