St Charles Hospital Corp
- Assets
- $126.1m
- Revenue
- $247.6m
- Investments
- $0.0
- Employees
- 1,893
- Location
- Port Jefferson, NY
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 11-1871039
Organization Overview
St Charles Hospital Corp, operating under the name St Charles Hospital, is located in Port Jefferson, NY. The organization was established in 1946. 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, St Charles Hospital employed 1,893 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Charles 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 12/2021, St Charles Hospital generated $247.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $230.0m during the year ending 12/2021. While expenses have increased by 0.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE, AT CH, HUMBLY JOIN TOGETHER TO BRING CHRIST'S HEALING MISSION AND THE MISSION OF MERCY OF THE CATHOLIC CHURCH EXPRESSED IN CATHOLIC HEALTH CARE TO OUR COMMUNITIES.
Describe the Organization's Program Activity:
ST. CHARLES HOSPITAL CORP (D/B/A ST. CHARLES HOSPITAL) IS A 243 BED REHABILITATION AND ACUTE CARE HOSPITAL THAT ALSO OPERATES OUTPATIENT FACILITIES IN BOTH NASSAU AND SUFFOLK COUNTIES. FOUNDED BY THE DAUGHTERS OF WISDOM IN 1907, ST. CHARLES PROVIDES A FULL RANGE OF HEALTHCARE SERVICES. IN 2021 ST. CHARLES HAD 11,080 DISCHARGED AND PROVIDED 20,139 EMERGENCY ROOM VISITS. ST. CHARLES PROVIDES CARE REGARDLESS OF THE INDIVIDUAL'S ABILITY TO PAY AND ALONG WITH OTHER COMMUNITY SERVICE AND CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vlada Frankenburger Physician | 50 | $1,001,720 | |
Anil Sangwan Physician | 50 | $823,483 | |
James O'connor President/cao | Officer | 50 | $810,400 |
Sanjay Sangwan Physician | 50 | $758,190 | |
Derek Mattimoe Physician | 50 | $652,919 | |
Matthew Wagner Physician | 50 | $632,683 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orthopedic Assoc Of Li Phys Med Physician Services | 12/30/21 | $2,900,942 |
Li Minimally Invasive Surg Pc Physician Services | 12/30/21 | $648,951 |
Remi Holdings Llc Equipment Services | 12/30/21 | $468,683 |
Island Neonatology Llc Physician Services | 12/30/21 | $598,593 |
Li Pulmonary Rehab Pc Physician On-call Sv | 12/30/21 | $300,564 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $978,049 |
| Government grants | $1,356,176 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,352,943 |
| Total Program Service Revenue | $240,913,457 |
| Investment income | $116,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,567,615 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $247,574,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,842 |
| 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. | $1,849,008 |
| Compensation of current officers, directors, key employees. | $1,368,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,697,741 |
| Pension plan accruals and contributions | $6,763,114 |
| Other employee benefits | $15,823,025 |
| Payroll taxes | $8,437,708 |
| Fees for services: Management | $303,552 |
| Fees for services: Legal | $8,667 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $97,139 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,855,071 |
| Advertising and promotion | $27,381 |
| Office expenses | $3,408,590 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,795,090 |
| Travel | $93,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $584,059 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,472,090 |
| Insurance | $4,807,642 |
| All other expenses | $7,630,218 |
| Total functional expenses | $230,047,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,261 |
| Savings and temporary cash investments | $3,455,954 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,899,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,360,310 |
| Prepaid expenses and deferred charges | $1,925,098 |
| Net Land, buildings, and equipment | $52,269,683 |
| Investments—publicly traded securities | $481,506 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,412,138 |
| Total assets | $126,136,330 |
| Accounts payable and accrued expenses | $31,477,016 |
| 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 | $98,645,838 |
| Total liabilities | $130,122,854 |
| Net assets without donor restrictions | -$5,153,554 |
| Net assets with donor restrictions | $1,167,030 |
| 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 | $126,136,330 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that St Charles Hospital Corp has recieved totaling $855,377.
| Awarding Organization | Amount |
|---|---|
Mary Haven Center Of Hope Port Jefferson, NY PURPOSE: RESIDENTIAL PROGRAMS | $780,377 |
Jessie Smith Noyes Foundation Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Endowment Analysis
| Beg. Balance | $775,960 |
| Earnings | $906 |
| Admin Expense | $906 |
| Ending Balance | $775,960 |
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 |