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.
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 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.
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.
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.
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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jacob Shani MD Chair, Heart & Vascular Center | 40 | $3,498,724 | |
Richard Grazi MD Dir Reprod Endocrin &fertility | 40 | $2,887,380 | |
Patrick I Borgen MD Chairman, Dept Of Surgery | 40 | $1,989,630 | |
Greg H Ribakove MD Vchr Surg/chf Cardio Thor Surg | 40 | $1,794,058 | |
Robert A Frankel MD Dir, Interventional Cardiology | 40 | $1,786,955 | |
Kenneth Gibbs President & CEO | OfficerTrustee | 40 | $1,755,478 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Allscripts Healthcare Llc It Services | 12/30/21 | $16,327,410 |
Alvarez Marsal Healthcare Healthcare Consultng | 12/30/21 | $12,047,662 |
Anesthesiology Assoc Of Boro Park L Medical Services | 12/30/21 | $9,724,433 |
Blue Hill Data Services It Services | 12/30/21 | $4,551,902 |
Alliance Healthcare Services Medical Services | 12/30/21 | $4,015,893 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $195,899 |
Grants and other assistance to domestic individuals. | $1,264,496 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $7,224,887 |
Compensation of current officers, directors, key employees. | $4,225,335 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $705,947,773 |
Pension plan accruals and contributions | $44,629,062 |
Other employee benefits | $99,530,211 |
Payroll taxes | $44,891,572 |
Fees for services: Management | $1,302,583 |
Fees for services: Legal | $4,896,938 |
Fees for services: Accounting | $611,422 |
Fees for services: Lobbying | $715,622 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $402,158 |
Fees for services: Other | $52,966,112 |
Advertising and promotion | $4,178,403 |
Office expenses | $7,574,514 |
Information technology | $20,991,721 |
Royalties | $0 |
Occupancy | $36,321,121 |
Travel | $100,100 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,957,610 |
Interest | $7,546,749 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $54,258,723 |
Insurance | $54,360,677 |
All other expenses | $19,517,639 |
Total functional expenses | $1,371,863,990 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,108,617 |
Savings and temporary cash investments | $227,869,146 |
Pledges and grants receivable | $2,524,483 |
Accounts receivable, net | $133,382,103 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $18,939,808 |
Prepaid expenses and deferred charges | $10,381,580 |
Net Land, buildings, and equipment | $361,848,048 |
Investments—publicly traded securities | $535,313,406 |
Investments—other securities | $0 |
Investments—program-related | $47,277,069 |
Intangible assets | $0 |
Other assets | $464,734,745 |
Total assets | $1,813,379,005 |
Accounts payable and accrued expenses | $225,966,932 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $135,845,000 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $273,250,015 |
Unsecured mortgages and notes payable | $25,516,143 |
Other liabilities | $650,241,773 |
Total liabilities | $1,310,819,863 |
Net assets without donor restrictions | $480,911,264 |
Net assets with donor restrictions | $21,647,878 |
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 | $1,813,379,005 |
Over the last fiscal year, Maimonides Medical Center- has awarded $301,320 in support to 13 organizations.
Grant Recipient | Amount |
---|---|
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $90,000 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $85,000 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $18,000 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $15,000 |
Brooklyn, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Over the last fiscal year, we have identified 19 grants that Maimonides Medical Center- has recieved totaling $1,205,627.
Awarding Organization | Amount |
---|---|
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 |
Kids For Kids Foundation Inc Brooklyn, NY | | $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 |
Beg. Balance | $21,647,878 |
Net Contributions | $618,637 |
Other Expense | $19,262,515 |
Ending Balance | $3,004,000 |
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 |