Massachusetts Hospital Research & Educational Association Inc
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, MA
- Founding
- 03/1968
- Data as of
- 09/2021
- EIN
- 23-7039401
Organization Overview
Massachusetts Hospital Research & Educational Association Inc is located in Burlington, MA. The organization was established in 1968. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Massachusetts Hospital Research & Educational Association 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 09/2021, Massachusetts Hospital Research & Educational Association Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $1.3m during the year ending 09/2021. While expenses have increased by 46.5% 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 2020, Massachusetts Hospital Research & Educational Association Inc has awarded 101 individual grants totaling $2,162,050. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HEALTH OF THE PEOPLE OF MA THROUGH THE (CONTINUED ON SCHEDULE O). DEVELOPMENT OF THE BEST POSSIBLE DELIVERY OF CARE, EXCLUSIVELY THROUGH RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES ASSISTANCE TO HEALTH CARE PROVIDERS AND THE HEALTH CARE COMMUNITY THROUGH RESEARCH IN THE DEVELOPMENT OF HEALTH CARE DELIVERY MODALITIES THAT PROVIDE HIGH QUALITY, COST EFFECTIVE, AND ACCESSIBLE HEALTH CARE. THE PURPOSE OF MHREA IS TO PROMOTE THE HEALTH OF THE PEOPLE OF THE COMMONWEALTH OF MASSACHUSETTS THROUGH THE DEVELOPMENT OF THE BEST POSSIBLE DELIVERY OF CARE, EXCLUSIVELY THROUGH RESEARCH AND EDUCATION IN HEALTH CARE ORGANIZATION AND DELIVERY, MANAGEMENT, AND MANAGEMENT OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven M Walsh President & CEO | OfficerTrustee | 1 | $0 |
Joseph A White MBA Fache Immediate Past Chair | OfficerTrustee | 1 | $0 |
Mark A Keroack MD MPH Imm Past Chair Most Recently Retired | OfficerTrustee | 1 | $0 |
Eric W Dickson MD Mhcm Chairman | OfficerTrustee | 1 | $0 |
Kevin B Churchwell MD Chairman - Elect | OfficerTrustee | 1 | $0 |
Christine C Schuster Rnmba Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,312,794 |
| 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 | $1,312,794 |
| Total Program Service Revenue | $32,745 |
| Investment income | $0 |
| 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 | $1,345,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,169,800 |
| 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 | $148,244 |
| 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 | $0 |
| 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 | $7,027 |
| Total functional expenses | $1,325,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,520 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,474,060 |
| Total assets | $1,643,580 |
| Accounts payable and accrued expenses | $30,000 |
| Grants payable | $0 |
| Deferred revenue | $2,113,216 |
| 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 | $0 |
| Total liabilities | $2,143,216 |
| Net assets without donor restrictions | -$499,636 |
| 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 | $1,643,580 |
Grants Awarded
Over the last fiscal year, Massachusetts Hospital Research & Educational Association Inc has awarded $1,169,800 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Gardner, MA PURPOSE: COVID-19 GRANT | $60,000 |
Newburyport, MA PURPOSE: COVID-19 GRANT | $30,000 |
Boston, MA PURPOSE: COVID-19 GRANT | $30,000 |
Milton, MA PURPOSE: COVID-19 GRANT | $30,000 |
Pittsfield, MA PURPOSE: COVID-19 GRANT | $30,000 |
ADCARE HOSPITAL PURPOSE: COVID-19 GRANT | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Massachusetts Hospital Research & Educational Association Inc has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Tufts Health Plan Foundation Inc Canton, MA PURPOSE: Nursing InitiativeIntr prof Collaboration (Outbound Call Project) | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
Margaretville Memorial Hospital Margaretville, NY | $7,505,744 | $15,666,335 |
Community Medical And Dental Care Monsey, NY | $10,163,630 | $17,584,178 |
Rochester Regional Health Foundation Rochester, NY | $93,100,640 | $25,028,358 |
Legacy Waterbury Hospital Inc Waterbury, CT | $10,097,657 | $5,007,818 |
Cuba Memorial Hospital Inc Cuba, NY | $13,393,239 | $12,333,234 |
United Helpers Nursing Home Inc Ogdensburg, NY | $13,808,579 | $9,249,167 |
Healthcare Choices Ny Inc Brooklyn, NY | $5,459,308 | $10,428,165 |
Vassar Brothers Hospital Foundation Poughkeepsie, NY | $58,560,925 | $4,051,790 |
Brooklyn Hospital Radiology P C Brooklyn, NY | $784,187 | $3,298,833 |
Tbhc Medical Services Pc Brooklyn, NY | $942,645 | $6,768,198 |
St Josephs Hospital Elmira, NY | $0 | $5,903,575 |