St Peters Hospital
- Assets
- $585.5m
- Revenue
- $677.5m
- Investments
- $56.2m
- Employees
- 4,898
- Location
- Albany, NY
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 14-1348692
Organization Overview
St Peters Hospital, operating under the name See Schedule O, is located in Albany, 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 06/2021, See Schedule O employed 4,898 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. See Schedule O 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 06/2020, See Schedule O generated $677.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $616.7m during the year ending 06/2020. While expenses have increased by 1.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT ST. PETER'S HOSPITAL, CARING FOR THE COMMUNITY DATES BACK TO 1869 WHEN FOUR SISTERS OF MERCY FOUNDED ST. PETER'S HOSPITAL IN DOWNTOWN ALBANY, NY. TODAY, ST. PETER'S HOSPITAL PROVIDES KEY SERVICES TO THE COMMUNITY INCLUDING CARDIAC & VASCULAR CARE, CANCER CARE, WOMEN'S & CHILDREN'S SERVICES, ORTHOPEDIC CARE, GASTROENTEROLOGY, AND BARIATRIC CARE.ST. PETER'S HOSPITAL STRIVES TO INCREASE QUALITY OUTCOMES THROUGH CUTTING EDGE TECHNOLOGIES AND THE IMPLEMENTATION OF EVIDENCE-BASED PRACTICES. ST. PETER'S HOSPITAL IS COMMITTED TO PROVIDING SAFE, EFFECTIVE, COMPASSIONATE CARE TO PATIENTS BY OFFERING THE MOST ADVANCED TREATMENT OPTIONS IN A UNIQUE, CARING ENVIRONMENT AND HAS BEEN RECOGNIZED BY NATIONAL AND STATE HEALTH CARE QUALITY ORGANIZATIONS FOR EXCELLENCE IN CARE. ST. PETER'S HOSPITAL SERVES PATIENTS WITH COMPREHENSIVE MEDICAL CARE, FREE EDUCATIONAL PROGRAMS, AND A HOST OF COMMUNITY HEALTH SCREENINGS THROUGHOUT THE REGION. PLEASE VISIT SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES, RECOGNITIONS AND AWARDS: WWW.SPHP.COM/LOCATION/ST-PETERS-HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Luyun MD Physician | 50 | $1,184,410 | |
Thomas Mccormack MD Physician | 50 | $776,807 | |
Kenneth Baker MD Medical Director, Ob/gyn | 50 | $771,118 | |
Thomas Lovely MD Physician | 50 | $758,681 | |
Anthony Posca MD Physician | 50 | $750,181 | |
Alan Sanders MD Chief Medical Officer, Acute Care | Officer | 30 | $404,777 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hallmark Healthcare Solutions Staffing Services | 6/29/21 | $6,783,557 |
Albany Cardiothoracic Surgeons Physician Services | 6/29/21 | $3,754,958 |
Depuy Synthes Joint Rec Health Care Services | 6/29/21 | $3,272,292 |
Morrison Mgmt Specialists Inc Food Service | 6/29/21 | $1,937,015 |
Quest Diagnostics Laboratory Services | 6/29/21 | $2,801,267 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,105,673 |
| Investment income | $2,430,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $667,877 |
| Net Gain/Loss on Asset Sales | $635,704 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $677,489,523 |
| 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. | $1,306,463 |
| Compensation to disqualified persons | $401,163 |
| Other salaries and wages | $214,500,364 |
| Pension plan accruals and contributions | $5,233,077 |
| Other employee benefits | $15,199,072 |
| Payroll taxes | $14,846,039 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,556 |
| Fees for services: Accounting | $24,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $160,711 |
| Fees for services: Other | $45,050,391 |
| Advertising and promotion | $88,740 |
| Office expenses | $5,115,589 |
| Information technology | $236,249 |
| Royalties | $0 |
| Occupancy | $14,689,047 |
| Travel | $111,378 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $520,057 |
| Interest | $6,439,527 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,876,358 |
| Insurance | $5,036,513 |
| All other expenses | $0 |
| Total functional expenses | $616,691,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,125,588 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,446,569 |
| Accounts receivable, net | $56,166,146 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,291 |
| Inventories for sale or use | $10,910,008 |
| Prepaid expenses and deferred charges | $1,140,153 |
| Investments—publicly traded securities | $156,880,620 |
| Investments—other securities | $56,242,881 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,268,983 |
| Total assets | $585,542,935 |
| Accounts payable and accrued expenses | $41,692,096 |
| Grants payable | $0 |
| Deferred revenue | $404,346 |
| 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 | $3,168,622 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $262,290,185 |
| Total liabilities | $307,555,249 |
| 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 | $277,987,686 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Peters Hospital has recieved totaling $456.
| Awarding Organization | Amount |
|---|---|
John P & Mable I Ogsbury Ua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $456 |
Endowment Analysis
| Beg. Balance | $10,011,851 |
| Earnings | $1,340,420 |
| Ending Balance | $11,352,271 |
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 |