The Brooklyn Hospital Center
- Assets
- $589.7m
- Revenue
- $413.6m
- Investments
- $0.0
- Employees
- 2,906
- Location
- Brooklyn, NY
- Founding
- 01/1937
- Data as of
- 12/2021
- EIN
- 11-1630755
Organization Overview
The Brooklyn Hospital Center is located in Brooklyn, NY. The organization was established in 1937. 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 12/2021, Brooklyn Hospital Center employed 2,906 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Hospital Center 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 12/2021, Brooklyn Hospital Center generated $413.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $425.5m during the year ending 12/2021. While expenses have increased by 2.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BROOKLYN HOSPITAL CENTER IS DEDICATED TO PROVIDING OUTSTANDING HEALTH SERVICES, EDUCATION, AND RESEARCH TO KEEP THE PEOPLE OF BROOKLYN AND GREATER NEW YORK HEALTHY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATION OF A 464-BED INPATIENT HOSPITAL WITH APPROXIMATELY 13,100 DISCHARGES AND 67,100 PATIENT DAYS AS WELL AS THE OPERATION OF OUTPATIENT CLINICS THAT HAD APPROXIMATELY 218,700 VISITS DURING 2021. THE HOSPITAL ALSO OPERATED AN EMERGENCY ROOM WITH APPROXIMATELY 45,900 VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Terrinoni President & CEO | OfficerTrustee | 50 | $2,588,310 |
J Anders Cohen MD Physician | 60 | $964,641 | |
Pratibha Vemulapalli MD Chair, Dept Of Surgery | Officer | 57 | $710,000 |
Sarath Reddy MD Physician | 40 | $700,000 | |
James Gasperino Chf Of Svc Medicine | Officer | 60 | $682,654 |
Vasantha Kondamudi MD Evp, Chief Medical Officer | Officer | 50 | $635,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lf Driscoll Company Llc Construction Services | 12/30/21 | $8,861,405 |
North Shore Hematology Medical Services | 12/30/21 | $3,190,980 |
Medical Management Resources Credentialing Service | 12/30/21 | $2,710,267 |
Allscripts Healthcare Llc It Hosting Services | 12/30/21 | $2,847,359 |
Metz Culinary Management Food Service | 12/30/21 | $2,569,855 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,360,785 |
| Government grants | $23,297,736 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,026,344 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,684,865 |
| Total Program Service Revenue | $376,044,328 |
| Investment income | $702,494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,034,496 |
| Net Gain/Loss on Asset Sales | $481,834 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $413,605,525 |
| 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. | $8,674,479 |
| Compensation of current officers, directors, key employees. | $1,346,746 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,684,606 |
| Pension plan accruals and contributions | $13,689,196 |
| Other employee benefits | $40,289,670 |
| Payroll taxes | $11,402,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,056,226 |
| Fees for services: Accounting | $474,594 |
| Fees for services: Lobbying | $79,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,141,020 |
| Advertising and promotion | $362,473 |
| Office expenses | $23,854,603 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,118,114 |
| Travel | $691,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,778 |
| Interest | $2,426,483 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,225,516 |
| Insurance | $15,829,085 |
| All other expenses | $0 |
| Total functional expenses | $425,514,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,550,866 |
| Savings and temporary cash investments | $108,085 |
| Pledges and grants receivable | $1,630,418 |
| Accounts receivable, net | $41,650,414 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,623,281 |
| Prepaid expenses and deferred charges | $4,524,128 |
| Net Land, buildings, and equipment | $125,405,119 |
| Investments—publicly traded securities | $24,037,121 |
| Investments—other securities | $0 |
| Investments—program-related | $330,611 |
| Intangible assets | $0 |
| Other assets | $379,859,140 |
| Total assets | $589,719,183 |
| Accounts payable and accrued expenses | $105,401,680 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,249,822 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $26,752,270 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $155,652,738 |
| Total liabilities | $301,056,510 |
| Net assets without donor restrictions | $272,415,058 |
| Net assets with donor restrictions | $16,247,615 |
| 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 | $589,719,183 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Brooklyn Hospital Center has recieved totaling $313,315.
| Awarding Organization | Amount |
|---|---|
Good Plus Foundation Inc New York, NY PURPOSE: SEE PART IV | $197,072 |
Mother Cabrini Health Foundation New York, NY PURPOSE: PROJECT TOGETHER (PT) AT THE BROOKLYN HOSPITAL CENTER (TBHC) | $75,000 |
Greater New York Hospital Foundation Inc New York, NY PURPOSE: COVID SUPPORT | $39,743 |
Zissu Family Foundation Short Hills, NJ PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $1,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $500 |
Endowment Analysis
| Beg. Balance | $14,239,795 |
| Earnings | $2,007,820 |
| Ending Balance | $16,247,615 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
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 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |