Nyu Langone Hospitals
- Assets
- $10.5b
- Revenue
- $7.4b
- Investments
- $272.7m
- Employees
- 28,405
- Location
- New York, NY
- Founding
- 05/1998
- Data as of
- 08/2022
- EIN
- 13-3971298
Organization Overview
Nyu Langone Hospitals is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 08/2023, Nyu Langone Hospitals employed 28,405 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyu Langone Hospitals 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 08/2022, Nyu Langone Hospitals generated $7.4b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $6.7b during the year ending 08/2022. While expenses have increased by 10.8% 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.
Since 2016, Nyu Langone Hospitals has awarded 17 individual grants totaling $7,575,915,114. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NYU LANGONE HOSPITALS' TRIFOLD MISSION TO SERVE, TEACH, AND DISCOVER IS ACHIEVED DAILY THROUGH AN INTEGRATED ACADEMIC CULTURE DEVOTED TO EXCELLENCE IN PATIENT CARE, EDUCATION, AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE ONYU LANGONE HOSPITALS ("HOSPITALS") IS A QUATERNARY TEACHING HOSPITAL THAT OPERATES FIVE INPATIENT ACUTE CARE FACILITIES AND OVER 40 ARTICLE 28-LICENSED FACILITIES IN MANHATTAN, BROOKLYN, QUEENS AND LONG ISLAND. THE MANHATTAN 813-BED INPATIENT FACILITIES ARE COMPRISED OF THE KIMMEL PAVILION (WHICH ALSO HOUSES THE HASSENFELD CHILDREN'S HOSPITAL) AND TISCH HOSPITAL. NYU LANGONE ORTHOPEDIC HOSPITAL, ALSO LOCATED IN MANHATTAN, IS A 225-BED FACILITY SPECIALIZING IN ORTHOPEDIC, NEUROLOGIC, AND RHEUMATOLOGIC SERVICES. NYU LANGONE HOSPITAL-BROOKLYN ("NYU LANGONE BROOKLYN") IS A 444-BED FACILITY IN THE SUNSET PARK NEGHBORHOOD OF BROOKLYN. NYU LANGONE HOSPITAL - LONG ISLAND ("NYU LANGONE LONG ISLAND") IS A 591-BED FACILITY LOCATED IN MINEOLA, NEW YORK. AMBULATORY FACILITIES INCLUDE THE LAURA AND ISAAC PERLMUTTER CANCER CENTER ("CANCER CENTER"), A COMPREHENSIVE CANCER AND AMBULATORY CARE CENTER, THE JOSEPH S. AND DIANE H. STEINBERG AMBULATORY CARE CENTER, IN THE COBBLE HILL NEIGHBORHOOD OF BROOKLYN, WHICH INCLUDES A FREE-STANDING EMERGENCY DEPARTMENT, AMONGST OTHERS.HOSPITALS HAD 113,201 DISCHARGES (EXCLUDING NEWBORNS) AND PROVIDED 1,975,683 OUTPATIENT VISITS (EMERGENCY ROOM - 324,291, CLINICAL CANCER CENTER - 531,308, 131,749 AMBULATORY SURGERY PROCEDURES AND 988,135 OTHER OUTPATIENT VISITS). PATIENTS REMAINED IN-HOUSE ON AVERAGE OF 5.0 DAYS, RESULTING IN 540,243 DAYS (EXCLUDING NEWBORNS) OF CARE PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth G Langone Chair | OfficerTrustee | 1 | $0 |
Laurence D Fink Co-Chair | OfficerTrustee | 1 | $0 |
Fiona B Druckenmiller Co-Chair | OfficerTrustee | 1 | $0 |
Roberto A Mignone Vice-Chair | OfficerTrustee | 1 | $0 |
Thomas S Murphy Jr Vice-Chair | OfficerTrustee | 1 | $0 |
William R Berkley Ex-Officio | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lend Lease (Us) Construction Lmb Inc Construction | 8/30/23 | $28,568,858 |
Presidio Networked Soloutions Group Llc Consulting | 8/30/23 | $25,463,448 |
Rtr Financial Services Consulting | 8/30/23 | $18,373,846 |
Skanska Usa Building Inc Construction | 8/30/23 | $22,906,853 |
Aya Healthcare Inc Staffing | 8/30/23 | $16,328,239 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $978,618 |
| Related organizations | $0 |
| Government grants | $20,930,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,589,106 |
| Noncash contributions included in lines 1a–1f | $258,184 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,498,356 |
| Total Program Service Revenue | $7,065,798,265 |
| Investment income | $35,399,778 |
| Tax Exempt Bond Proceeds | $4,765,957 |
| Royalties | $0 |
| Net Rental Income | -$11,901,696 |
| Net Gain/Loss on Asset Sales | $33,149,492 |
| Net Income from Fundraising Events | -$131,970 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,377,549,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,137,326,655 |
| 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. | $46,013,687 |
| Compensation of current officers, directors, key employees. | $9,115,423 |
| Compensation to disqualified persons | $318,137 |
| Other salaries and wages | $2,136,131,532 |
| Pension plan accruals and contributions | $156,219,477 |
| Other employee benefits | $352,403,860 |
| Payroll taxes | $151,293,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,331,272 |
| Fees for services: Accounting | $1,246,044 |
| Fees for services: Lobbying | $712,152 |
| Fees for services: Fundraising | $38,000 |
| Fees for services: Investment Management | $507,276 |
| Fees for services: Other | $271,397,008 |
| Advertising and promotion | $12,989,889 |
| Office expenses | $46,445,881 |
| Information technology | $91,245,839 |
| Royalties | $0 |
| Occupancy | $251,925,989 |
| Travel | $2,280,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,607,679 |
| Interest | $125,521,756 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $435,509,707 |
| Insurance | $0 |
| All other expenses | $2,715,334 |
| Total functional expenses | $6,683,653,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640,868 |
| Savings and temporary cash investments | $1,858,695,691 |
| Pledges and grants receivable | $228,059,849 |
| Accounts receivable, net | $1,039,525,817 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $183,218,524 |
| Prepaid expenses and deferred charges | $47,624,858 |
| Net Land, buildings, and equipment | $4,891,041,595 |
| Investments—publicly traded securities | $1,123,675,575 |
| Investments—other securities | $272,711,851 |
| Investments—program-related | $0 |
| Intangible assets | $23,550,258 |
| Other assets | $832,845,346 |
| Total assets | $10,501,590,232 |
| Accounts payable and accrued expenses | $830,170,416 |
| Grants payable | $0 |
| Deferred revenue | $131,263,650 |
| Tax-exempt bond liabilities | $828,663,725 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,397,264,183 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,528,492,716 |
| Total liabilities | $5,715,854,690 |
| Net assets without donor restrictions | $4,393,527,729 |
| Net assets with donor restrictions | $392,207,813 |
| 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 | $10,501,590,232 |
Grants Awarded
Over the last fiscal year, Nyu Langone Hospitals has awarded $1,356,463,426 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ARTHRITIS FOUNDATION INC PURPOSE: SUPPORT EDUCATIONAL AND RESEARCH ACTIVITIES AT ARTHRITIS FOUNDATION. | $50,000 |
NEW YORK UNIVERSITY - GROSSMAN SCHOOL OF MEDICINE PURPOSE: SUPPORT CLINICAL, EDUCATIONAL, AND RESEARCH ACTIVITIES OF NYU GROSSMAN SCHOOL OF MEDICINE. | $1,325,836,424 |
SUNSET PARK HEALTH COUNCIL INC DBA FAMILY HEALTH CENTERS AT NYU LANGONE PURPOSE: SUPPORT EDUCATIONAL TRAINING ACTIVITIES AT FAMILY HEALTH CENTERS AT NYU LANGONE. | $30,577,002 |