Greenwich Hospital
- Assets
- $950.1m
- Revenue
- $525.1m
- Investments
- $446.0m
- Employees
- 2,049
- Location
- Greenwich, CT
- Founding
- 02/1972
- Data as of
- 09/2021
- EIN
- 06-0646659
Organization Overview
Greenwich Hospital is located in Greenwich, CT. The organization was established in 1972. 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, Greenwich Hospital employed 2,049 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwich Hospital 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, Greenwich Hospital generated $525.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $484.3m during the year ending 09/2021. While expenses have increased by 5.5% 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, Greenwich Hospital has awarded 65 individual grants totaling $1,586,345. 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
TO PROVIDE HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Kelly President | OfficerTrustee | 32 | $632,137 |
Marvin Spike Lipschutz VP | Officer | 40 | $596,924 |
Servando DE Los Angeles Ed Physician | 40 | $532,944 | |
Kisha Mitchell Richards Pathologist | 40 | $521,333 | |
Michael Franco Dir Of Icu & Resp Srv | 40 | $515,305 | |
James Sabetta Former Officer | 0 | $478,391 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vizient Inc Consulting Service | 9/29/21 | $4,951,670 |
Unitex Textile Rental Inc Laundering Service | 9/29/21 | $1,451,805 |
Westchester Medical Group Medical Service | 9/29/21 | $1,031,059 |
Comphealth Recruiting Service | 9/29/21 | $888,261 |
Quest Diagnostics Lab Service | 9/29/21 | $779,431 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,000,000 |
| Government grants | $8,116,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,420,005 |
| Noncash contributions included in lines 1a–1f | $266,225 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,537,874 |
| Total Program Service Revenue | $485,721,156 |
| Investment income | $9,697,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $225,176 |
| Net Gain/Loss on Asset Sales | $5,867,369 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $525,077,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $310,181 |
| 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. | $8,095,453 |
| Compensation of current officers, directors, key employees. | $8,095,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,783,092 |
| Pension plan accruals and contributions | $6,687,008 |
| Other employee benefits | $16,620,262 |
| Payroll taxes | $10,240,571 |
| Fees for services: Management | $169,851 |
| Fees for services: Legal | $108,642 |
| Fees for services: Accounting | $12,438 |
| Fees for services: Lobbying | $120,788 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,861,399 |
| Fees for services: Other | $136,499,145 |
| Advertising and promotion | $0 |
| Office expenses | $5,297,296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,507,402 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $189,407 |
| Interest | $43,713 |
| Payments to affiliates | $21,616,178 |
| Depreciation, depletion, and amortization | $28,312,923 |
| Insurance | $8,764,504 |
| All other expenses | $459,900 |
| Total functional expenses | $484,284,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,227,347 |
| Savings and temporary cash investments | $1,593,394 |
| Pledges and grants receivable | $10,944,733 |
| Accounts receivable, net | $68,730,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,854,787 |
| Inventories for sale or use | $7,672,500 |
| Prepaid expenses and deferred charges | $12,028,847 |
| Net Land, buildings, and equipment | $241,507,956 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $445,994,508 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,552,671 |
| Total assets | $950,106,833 |
| Accounts payable and accrued expenses | $51,278,293 |
| Grants payable | $16,800 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $17,548,935 |
| 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 | $216,033,417 |
| Total liabilities | $284,877,445 |
| Net assets without donor restrictions | $451,975,005 |
| Net assets with donor restrictions | $213,254,383 |
| 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 | $950,106,833 |
Grants Awarded
Over the last fiscal year, Greenwich Hospital has awarded $137,026 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Greenwich, CT PURPOSE: SUPPORT ORGANIZATION | $38,533 |
Greenwich, CT PURPOSE: SUPPORT ORGANIZATION | $30,000 |
Greenwich, CT PURPOSE: SUPPORT ORGANIZATION | $25,000 |
Greenwich, CT PURPOSE: SUPPORT ORGANIZATION | $17,493 |
White Plains, NY PURPOSE: SUPPORT ORGANIZATION | $10,000 |
Washington, DC PURPOSE: SUPPORT ORGANIZATION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Greenwich Hospital has recieved totaling $124,000.
| Awarding Organization | Amount |
|---|---|
Leah And Alain Lebec Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
Oaklawn Foundation Wilton, CT PURPOSE: NURSING EDUCATION FUND | $15,000 |
Armin And Ethel Schaper Charitable Foundation Inc Purchase, NY PURPOSE: FOR MEDICAL RESEARCH | $5,000 |
Jjj Family Foundation Old Greenwich, CT PURPOSE: FOR MISSION SUPPORT | $4,000 |
Endowment Analysis
| Beg. Balance | $33,244,010 |
| Earnings | $7,449,385 |
| Admin Expense | $35,764 |
| Other Expense | $8,561,002 |
| Ending Balance | $32,096,629 |
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 |