Harvard Medical Faculty Phys At Beth Israel Deaconess Med Ctr Inc
- Assets
- $337.6m
- Revenue
- $666.6m
- Investments
- $116.2m
- Employees
- 1,610
- Location
- Boston, MA
- Founding
- 05/1988
- Data as of
- 09/2023
- EIN
- 22-2768204
Organization Overview
Harvard Medical Faculty Phys At Beth Israel Deaconess Med Ctr Inc is located in Boston, MA. The organization was established in 1988. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 09/2023, Harvard Medical Faculty Phys At Beth Israel Deaconess Med Ctr Inc employed 1,610 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Medical Faculty Phys At Beth Israel Deaconess Med Ctr Inc 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 09/2023, Harvard Medical Faculty Phys At Beth Israel Deaconess Med Ctr Inc generated $666.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $671.5m during the year ending 09/2023. While expenses have increased by 4.0% per year over the past 8 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 2015, Harvard Medical Faculty Phys At Beth Israel Deaconess Med Ctr Inc has awarded 69 individual grants totaling $1,366,838. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
PATIENT SERVICES - SEE SCHEDULE O
OTHER - SEE SCHEDULE O
TEACHING - SEE SCHEDULE O
RESEARCH - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chaikof MD PHD Elliot L Dir (exoff)/surg Chr; Bidmc Surg Chf | Trustee | 30 | $851,078 |
Healy Peter Dir (ex-Off) (pres Of Bidmc) | Trustee | 1 | $0 |
Kimball MD MPH Alexa B Dir (ex-Off), Pres & CEO | OfficerTrustee | 52 | $1,062,716 |
Rodriguez MD Edward Kenneth Dir Exoff,ortho Chr; Bidmc Ortho Chf | Trustee | 30 | $490,668 |
Zeidel MD Mark L Dir(exoff), Med Chair; Bidmc Med Chf | Trustee | 30 | $594,915 |
Talmor MD MPH Daniel Dir(exoff);ansth Chr/bidmc Ansth Chf | Trustee | 30 | $431,694 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beth Israel Deaconess Medical Center Support Services | 9/29/23 | $202,170,246 |
Change Healthcare Professional Billing Services | 9/29/23 | $2,698,376 |
Anesthesia Financial Solutions Llc Professional Billing Services | 9/29/23 | $2,415,436 |
Physicians Professional Services Professional Billing Services | 9/29/23 | $8,329,663 |
Medical Healthcare Solutions Inc Professional Billing Services | 9/29/23 | $1,779,295 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,596,466 |
| 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 | $5,596,466 |
| Total Program Service Revenue | $658,556,078 |
| Investment income | $2,468,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,939 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $666,628,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $87,638 |
| 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. | $9,679,477 |
| Compensation of current officers, directors, key employees. | $319,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $469,103,975 |
| Pension plan accruals and contributions | $47,913,665 |
| Other employee benefits | $36,371,074 |
| Payroll taxes | $23,994,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,193,541 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $24,690 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $582,017 |
| Fees for services: Other | $23,552,325 |
| Advertising and promotion | $119,686 |
| Office expenses | $2,648,561 |
| Information technology | $2,870,690 |
| Royalties | $0 |
| Occupancy | $4,132,289 |
| Travel | $662,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $741,769 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,338,305 |
| Insurance | $1,214 |
| All other expenses | $13,246,619 |
| Total functional expenses | $671,496,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,000,642 |
| Savings and temporary cash investments | $15,466,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,633,028 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $51,846 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,274,633 |
| Net Land, buildings, and equipment | $5,285,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $116,232,084 |
| Investments—program-related | $9,648,000 |
| Intangible assets | $0 |
| Other assets | $150,030,268 |
| Total assets | $337,622,843 |
| Accounts payable and accrued expenses | $31,589,437 |
| Grants payable | $0 |
| Deferred revenue | $369,482 |
| 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 | $118,654,480 |
| Total liabilities | $150,613,399 |
| Net assets without donor restrictions | $187,009,444 |
| 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 | $337,622,843 |
Grants Awarded
Over the last fiscal year, Harvard Medical Faculty Phys At Beth Israel Deaconess Med Ctr Inc has awarded $71,638 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PHYSICIAN HEALTH SERVICES INC PURPOSE: GENERAL SUPPORT | $20,000 |
THE GREATER BOSTON FOOD BANK PURPOSE: GENERAL SUPPORT | $10,000 |
PRESIDENT & FELLOWS OF HARVARD COLLEGE PURPOSE: GENERAL SUPPORT | $17,500 |
ARTHRITIS FOUNDATION NEW ENGLAND REGION PURPOSE: GENERAL SUPPORT | $12,500 |
ACADEMY OF RADIOLOGY RESEARCH PURPOSE: GENERAL SUPPORT | $11,638 |