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 08/2021, Nyu Langone Hospitals employed 27,311 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 08/2020, Nyu Langone Hospitals generated $6.6b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $6.2b during the year ending 08/2020. While expenses have increased by 11.3% per year over the past 6 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 12 individual grants totaling $5,082,125,033. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE NYU LANGONE HOSPITALS' MISSION IS: COMMITTED TO MAKING WORLD-CLASS CONTRIBUTIONS THAT PLACE SERVICE TO HUMAN HEALTH AT THE CENTER OF AN ACADEMIC CULTURE DEVOTED TO EXCELLENCE IN RESEARCH, PATIENT CARE, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE ONYU LANGONE HOSPITALS ("HOSPITALS") OWNS AND OPERATES FIVE INPATIENT ACUTE CARE FACILITIES AND OVER 35 AMBULATORY FACILITIES IN MANHATTAN, BROOKLYN, AND LONG ISLAND. THE MANHATTAN INPATIENT FACILITIES ARE THE KIMMEL PAVILION (WHICH ALSO HOUSES THE HASSENFELD CHILDREN'S HOSPITAL) AND TISCH HOSPITAL, LOCATED ON THE MAIN CAMPUS AT FIRST AVENUE AND EAST 34TH STREET WITH 844 LICENSED BEDS; NYU LANGONE ORTHOPEDIC HOSPITAL ("NYU ORTHOPEDICS"), A 225-BED FACILITY SPECIALIZING IN ORTHOPEDIC, NEUROLOGIC, AND RHEUMATOLOGIC SERVICES; NYU LANGONE HOSPITAL-BROOKLYN ("NYU BROOKLYN"), A 444-BED FACILITY IN THE SUNSET PARK SECTION OF BROOKLYN; AND NYU LANGONE HOSPITAL - LONG ISLAND ("NYU LONG ISLAND"), A 591-BED FACILITY LOCATED IN MINEOLA, NEW YORK. AMBULATORY FACILITIES INCLUDE THE LAURA AND ISAAC PERLMUTTER CANCER CENTER ("CANCER CENTER"), THE AMBULATORY CARE CENTER, THE OUTPATIENT SURGERY CENTER, THE ORTHOPEDIC CENTER, A FREE-STANDING EMERGENCY DEPARTMENT IN THE COBBLE HILL SECTION OF BROOKLYN, THE BROOKLYN ENDOSCOPY AND AMBULATORY SURGERY CENTER IN THE MIDWOOD SECTION OF BROOKLYN AND LEVIT MEDICAL, A DIAGNOSTIC AND TREATMENT FACILITY WITH THREE LOCATIONS IN BROOKLYN.HOSPITALS HAD 93,324 DISCHARGES (EXCLUDING NEWBORNS) AND PROVIDED 1,677,248 OUTPATIENT VISITS (EMERGENCY ROOM - 242,215, CLINICAL CANCER CENTER - 473,975, 114,540 AMBULATORY SURGERY PROCEDURES AND 846,518 OTHER OUTPATIENT VISITS). PATIENTS REMAINED IN-HOUSE ON AVERAGE OF 5.5 DAYS, RESULTING IN 503,540 DAYS OF CARE PROVIDED.ON MARCH 7, 2020, IN RESPONSE TO THE COVID-19 PANDEMIC, THE GOVERNOR OF NEW YORK DECLARED A STATE OF EMERGENCY, AND THE MAYOR OF NEW YORK CITY MADE A SIMILAR EMERGENCY DECLARATION ON MARCH 13, 2020. MEASURES WERE TAKEN BY THE GOVERNMENT TO ADDRESS THE PANDEMIC INCLUDING A MORATORIUM ON ELECTIVE PROCEDURES FROM MARCH 16TH THROUGH JUNE 8TH, 2020 IN NEW YORK CITY AND MARCH 16TH THROUGH MAY 19TH 2020 ON LONG ISLAND. THESE MEASURES ALONG WITH SUPPLEMENTAL COSTS INCURRED, BEGAN TO NEGATIVELY IMPACT THE FINANCIAL PERFORMANCE OF NYULH IN FISCAL YEAR 2020. SINCE THE APRIL 2020 PEAK OF THE PANDEMIC IN THE NEW YORK METROPOLITAN AREA, NYULH'S VOLUME FROM COVID-19 PATIENTS GRADUALLY DECLINED AND AS OF AUGUST 31, 2021, NYULH PATIENT SERVICE REVENUE HAS RETURNED TO PRE-COVID-19 LEVELS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert I Grossman MD Ex-Officio, Dean & CEO | OfficerTrustee | 30 | $3,815,057 |
Robert J Cerfolio MD MBA Evp/vice Dean Chief Of Hosp Ops | Officer | 47 | $1,862,082 |
John Collins Frmr CEO - Nyu Winthrop | 0 | $1,532,374 | |
Daniel J Widawsky Evp/vice Dean, CFO | Officer | 30 | $1,039,487 |
Aubrey C Galloway Chair, Cardiothoracic Surgery | 24 | $1,032,175 | |
Andrew W Brotman MD Evp/vice Dean Chief Clinical Offcr | Officer | 30 | $881,649 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Hospital Billing & Collection Service Consulting | 8/30/21 | $19,962,840 |
Aya Healthcare Staffing | 8/30/21 | $86,504,525 |
Rtr Financial Services Consulting | 8/30/21 | $16,161,901 |
Cerner Corporation Consulting | 8/30/21 | $13,568,457 |
Helmsman Management Services Llc Consulting | 8/30/21 | $10,747,936 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $151,781,221 |
Investment income | $28,253,463 |
Tax Exempt Bond Proceeds | $186,023 |
Royalties | $366,382 |
Net Rental Income | -$1,522,808 |
Net Gain/Loss on Asset Sales | $25,137,791 |
Net Income from Fundraising Events | -$380,502 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,624,270,478 |
Statement of Expenses | |
---|---|
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. | $30,102,147 |
Compensation to disqualified persons | $520,185 |
Other salaries and wages | $1,921,547,301 |
Pension plan accruals and contributions | $161,821,140 |
Other employee benefits | $265,474,571 |
Payroll taxes | $145,807,756 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,550,592 |
Fees for services: Accounting | $2,269,305 |
Fees for services: Lobbying | $635,094 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $239,637 |
Fees for services: Other | $319,713,818 |
Advertising and promotion | $33,836,662 |
Office expenses | $102,297,087 |
Information technology | $112,795,122 |
Royalties | $0 |
Occupancy | $253,308,374 |
Travel | $3,526,077 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,633,735 |
Interest | $122,073,828 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $425,468,675 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $6,218,674,898 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $449,136 |
Savings and temporary cash investments | $2,283,504,859 |
Pledges and grants receivable | $28,195,144 |
Accounts receivable, net | $685,099,299 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $166,214,638 |
Prepaid expenses and deferred charges | $73,614,180 |
Investments—publicly traded securities | $850,502,807 |
Investments—other securities | $322,294,980 |
Investments—program-related | $0 |
Intangible assets | $23,738,484 |
Other assets | $771,376,674 |
Total assets | $9,902,202,280 |
Accounts payable and accrued expenses | $609,461,340 |
Grants payable | $0 |
Deferred revenue | $184,245,966 |
Tax-exempt bond liabilities | $895,126,098 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $2,385,485,054 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,456,532,535 |
Total liabilities | $6,530,850,993 |
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 |
Total liabilities and net assets/fund balances | $3,371,351,287 |
Over the last fiscal year, Nyu Langone Hospitals has awarded $1,091,492,408 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
New York, NY PURPOSE: SUPPORT CLINICAL, EDUCATIONAL, AND RESEARCH ACTIVITIES OF NYU GROSSMAN SCHOOL OF MEDICINE. | $1,061,853,223 |
Brooklyn, NY PURPOSE: SUPPORT EDUCATIONAL TRAINING ACTIVITIES AT FAMILY HEALTH CENTERS AT NYU LANGONE. | $29,639,185 |
Over the last fiscal year, we have identified 41 grants that Nyu Langone Hospitals has recieved totaling $7,698,435.
Awarding Organization | Amount |
---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $2,300,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $2,165,890 |
Fink Family Foundation Saratoga Springs, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $625,000 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $500,000 |
Clarissa And Edgar Bronfman Jr Foundation New York, NY PURPOSE: GENERAL CHARITABLE SUPPORT - NO DESIGNATION | $300,000 |
The Laurie M Tisch Foundation Inc New York, NY PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES. | $250,000 |
Beg. Balance | $126,933,864 |
Earnings | $10,993,795 |
Admin Expense | $137,739 |
Net Contributions | $500,000 |
Other Expense | $80,899,379 |
Ending Balance | $57,390,541 |
Organization Name | Assets | Revenue |
---|---|---|
Capital Health System Inc Trenton, NJ | $1,004,952,628 | $942,087,433 |
Southcoast Hospitals Group Inc New Bedford, MA | $1,265,624,200 | $959,620,935 |
Physician Affiliate Group Of New York Pc New York, NY | $38,559,626 | $838,367,537 |
South Shore University Hospital Westbury, NY | $537,264,084 | $780,287,744 |
St Barnabas Hospital Bronx, NY | $509,709,936 | $489,229,934 |
Svmc Holdings Inc Bridgeport, CT | $272,750,174 | $429,886,007 |
Barnabas Health Medical Group P C Oceanport, NJ | $150,195,711 | $412,355,034 |
Richmond Medical Center Staten Island, NY | $435,447,032 | $376,664,767 |
Virtua Medical Group Pa Marlton, NJ | $139,534,325 | $238,443,738 |
Trinitas Regional Medical Center A New Jersey Nonprofit Corporation Elizabeth, NJ | $505,269,561 | $345,999,545 |
St Lukes Hospital Anderson Campus Allentown, PA | $273,325,539 | $361,430,735 |
St Joseph Regional Health Network Reading, PA | $174,700,776 | $307,422,246 |