Brooklyn Hospital Provider
- Assets
- $47.7m
- Revenue
- $10.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 08/1979
- Data as of
- 12/2021
- EIN
- 11-2501235
Organization Overview
Brooklyn Hospital Provider is located in Brooklyn, NY. The organization was established in 1979. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Hospital Provider 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 Provider generated $10.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (40.4%) each year. All expenses for the organization totaled $6.2m during the year ending 12/2021. 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
SELF-INSURANCE RESERVE FUND CREATED BY THE BROOKLYN HOSPITAL CENTER TO PROTECT ITSELF BY DISCHARGING CERTAIN LIABILITIES CAUSED BY LOSSES NOT COVERED BY INSURANCE POLICIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS FOR MALPRACTICE BENEFITS AND CLAIMS FOR THE MEMBER HOSPITAL COVERED UNDER THE SELF-INSURANCE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Barclay Collins II Secretary | OfficerTrustee | 1 | $0 |
Anne Elizabeth Fontaine Chair | OfficerTrustee | 1 | $0 |
Susan E Skerritt Vice Chair | OfficerTrustee | 1 | $0 |
Maria Fiorini Ramirez Vice Chair | OfficerTrustee | 1 | $0 |
Gary Terrinoni President & CEO | OfficerTrustee | 1 | $0 |
John Walsh Cao | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dopf Pc Legal | 12/30/16 | $666,291 |
Furman Kornfeld Brennan Llp Legal | 12/30/16 | $263,553 |
Kaufman Borgeest Ryan Legal | 12/30/16 | $675,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $10,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $10,026 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,008 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,151,902 |
| Total functional expenses | $6,153,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $461,828 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $323,586 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,939,895 |
| Total assets | $47,725,309 |
| Accounts payable and accrued expenses | $0 |
| 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 | $47,725,309 |
| Total liabilities | $47,725,309 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $47,725,309 |
Endowment Analysis
| Beg. Balance | $968,017 |
| Earnings | $12,372 |
| Admin Expense | $2,008 |
| Other Expense | $192,457 |
| Ending Balance | $785,924 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Donor Services Inc Waltham, MA | $48,652,397 | $15,155,479 |
Academic Physicians Insurancecompany Colchester, VT | $81,982,232 | $24,573,399 |
National Nurse-Led Care Consortium Philadelphia, PA | $6,488,169 | $12,417,203 |
Allegheny Healthchoices Inc Pittsburgh, PA | $22,380,125 | $8,489,332 |
Brooklyn Hospital Provider Brooklyn, NY | $47,725,309 | $10,026 |
Alliance Health Management Services Llc Southborough, MA | $2,006,491 | $4,982,711 |
F F Thompson Health System Inc Canandaigua, NY | $6,622,129 | $5,171,518 |
Inperium Inc Reading, PA | $2,526,996 | $3,615,560 |
Baptist Senior Services Pittsburgh, PA | $11,801,621 | $3,494,896 |
Hospice And Palliative Care Group Inc Lockport, NY | $1,207,807 | $3,978,189 |
Center For Medical Simulation Inc Charlestown, MA | $2,307,441 | $2,761,057 |
Biocon Inc Edison, NJ | $16,726,556 | $3,342,644 |