Maimonides Medical Center-

The information for Maimonides Medical Center is as of the organization's most recent filing in December 2020. This organization is located in Brooklyn, NY. It has been in existence for 71 years, following its founding in 1949.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Maimonides Medical Center's NTEE code is E22. The "E" tells us that the organization is classified under Health Care. The "22" tells us that the organization is a General Hospital. The NTEE describes General Hospitals as health care facilities that offer diagnostic and treatment services, as well as emergency and critical care services for people who have illnesses or injuries. Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(3) organization, which is described by the IRS as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Program Areas

Program Area 1: Inpatient services are reported within the general fund and further described in Schedule O.

Program Area 2: Emergency services are further described in Schedule O and fall within the purview of this program area.

Program Area 3: Maternity services are further described in Schedule O and encompass all associated revenues, support, and functional expenses.

Organization Staffing

Maimonides Medical Center is run by Kenneth D Gibbs, who is the President & CEO. The organization has 7,194 employees, of whom just over 2 thousand are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are more than 1,100 volunteers.

Board Governance

Maimonides Medical Center is an impressively well-governed non-profit organization. It has 28 voting members, of which 26 are independent, meaning they are free from potential conflicts of interest. The organization has not delegated management to an outside firm, and board and committee meetings are documented. Furthermore, it has a conflict of interest policy, requires disclosure of conflicts, and has a written whistleblower policy and document retention policy. It also substantiates and reviews leadership and officer salaries, and provides copies of the 990 to the board prior to filing. All of these steps help ensure that the organization is being run in a responsible and transparent manner.

Grant History

Our dataset has seven years of grant history for Maimonides Medical Center. In that time, they have awarded 143 grants, with an average check size of $20,579. All of these grants were awarded in the Health Care sector, and all were awarded in the state of New York. On average, the organization awards 20 grants each year.

Organization Growth

Maimonides Medical Center has seen significant growth over the past six years. Contributions and grants received, program service revenue, investment income, other revenue and total revenue have all increased from 2014 to 2020. Employee salaries and total expenses have also increased over this time period. Additionally, total employees have increased from 6.9K in 2014 to 7.2K in 2020. Unfortunately, total volunteers have decreased from 1.9K in 2014 to 1.1K in 2020. Overall, Maimonides Medical Center has seen growth in most areas over the past six years.

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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Allscripts Healthcare Llc
It Services
$16,327,410
Alvarez Marsal Healthcare
Healthcare Consultng
$12,047,662
Anesthesiology Assoc Of Boro Park L
Medical Services
$9,724,433
Blue Hill Data Services
It Services
$4,551,902
Alliance Healthcare Services
Medical Services
$4,015,893
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$735,627
Related organizations$183,369
Government grants $268,549,500
All other contributions, gifts, grants, and similar amounts not included above$5,292,601
Noncash contributions included in lines 1a–1f $1,315,026
Total Revenue from Contributions, Gifts, Grants & Similar$274,761,097
Total Program Service Revenue$1,100,070,103
Investment income $16,365,096
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $729
Net Income from Fundraising Events -$199,632
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,401,547,417

Grants Awarded

Over the last fiscal year, Maimonides Medical Center- has awarded $301,320 in support to 13 organizations.

Grant RecipientAmount

HATZOLAH OF FLATBUSH

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: GENERAL SUPPORT

$90,000

BORO PARK HATZOLAH

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: GENERAL SUPPORT

$85,000

MESIFTA YESHIVA RABBI CHAIM BERLIN

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: GENERAL SUPPORT

$25,000

ROFEH CHOLIM CANCER SOCIETY

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: GENERAL SUPPORT

$18,000

ISLAMIC SOCIETY OF BAY RIDGE

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: GENERAL SUPPORT

$15,000

ARTHUR ASHE INSTITUTE FOR URBAN HEALTH

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 19 grants that Maimonides Medical Center- has recieved totaling $1,205,627.

Awarding OrganizationAmount
First Nonprofit Foundation

New York, NY

PURPOSE: THE MONEY WILL BE UNRESTRICTED FUNDS TO USE AS IS MOST NEEDED.

$250,000
Greater New York Hospital Foundation Inc

New York, NY

PURPOSE: COVID SUPPORT

$233,109
Mother Cabrini Health Foundation

New York, NY

PURPOSE: CRITICAL TIME INTERVENTION FOR FORMERLY INCARCERATED INDIVIDUALS WITH SERIOUS MENTAL ILLNESS

$140,000
$136,785
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: MEDICAL / PUBLIC SERVICES

$110,000
Shapiro Pogrebin Foundation

New York, NY

PURPOSE: GENERAL

$110,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$21,647,878
Net Contributions$618,637
Other Expense$19,262,515
Ending Balance$3,004,000

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