Bethesda Hospital Inc
- Assets
- $1.3b
- Revenue
- $853.4m
- Investments
- $69.7m
- Employees
- 3,318
- Location
- Cincinnati, OH
- Founding
- 10/1954
- Data as of
- 06/2021
- EIN
- 31-0537122
Organization Overview
Bethesda Hospital Inc is located in Cincinnati, OH. The organization was established in 1954. 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 06/2022, Bethesda Hospital Inc employed 3,318 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethesda Hospital 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 06/2021, Bethesda Hospital Inc generated $853.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $693.9m during the year ending 06/2021. While expenses have increased by 4.8% 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 2015, Bethesda Hospital Inc has awarded 144 individual grants totaling $5,095,372. 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 IMPROVE THE HEALTH STATUS OF THE PEOPLE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE H
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Sally Duffy Secretary | OfficerTrustee | 1 | $0 |
Ralph Michael Chair | OfficerTrustee | 1 | $0 |
Robert Collins MD Trustee | Trustee | 1 | $0 |
Mark Clement President/ceo-System | OfficerTrustee | 25 | $0 |
Phillip Castellini Trustee | Trustee | 1 | $0 |
Kathy Kelly Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Preferred Lab Partners Llc Laboratory | 6/29/22 | $16,428,838 |
Catholic Health Initiatives Clinical Maintenance | 6/29/22 | $7,333,885 |
Seven Hills Anesthesia Anesthesia | 6/29/22 | $3,146,981 |
Beacon Orthopedics & Sports Medicine Rehabilitation | 6/29/22 | $2,129,281 |
Midwest Medical Transport Patient Transportation | 6/29/22 | $1,925,195 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,826,383 |
| Investment income | $8,210,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,059,615 |
| Net Gain/Loss on Asset Sales | $41,223,191 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $199,182 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $853,365,646 |
| 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. | $4,482,090 |
| Compensation to disqualified persons | $3,228,829 |
| Other salaries and wages | $235,405,596 |
| Pension plan accruals and contributions | $14,011,997 |
| Other employee benefits | $39,383,455 |
| Payroll taxes | $17,245,785 |
| Fees for services: Management | $18,448,278 |
| Fees for services: Legal | $1,546,296 |
| Fees for services: Accounting | $326,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $755,235 |
| Fees for services: Other | $27,879,061 |
| Advertising and promotion | $3,302,907 |
| Office expenses | $11,407,174 |
| Information technology | $9,827,184 |
| Royalties | $0 |
| Occupancy | $18,386,005 |
| Travel | $161,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $767,326 |
| Interest | $19,984,681 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,609,546 |
| Insurance | $3,046,769 |
| All other expenses | $0 |
| Total functional expenses | $693,920,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,110 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,460,259 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,710,276 |
| Prepaid expenses and deferred charges | $287,625 |
| Investments—publicly traded securities | $362,523,000 |
| Investments—other securities | $69,659,699 |
| Investments—program-related | $248,172,922 |
| Intangible assets | $29,998,036 |
| Other assets | $72,232,664 |
| Total assets | $1,339,963,974 |
| Accounts payable and accrued expenses | $71,913,527 |
| Grants payable | $0 |
| Deferred revenue | $231,231 |
| Tax-exempt bond liabilities | $561,543,690 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,827,477 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,075,911 |
| Total liabilities | $729,591,836 |
| 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 | $610,372,138 |
Grants Awarded
Over the last fiscal year, Bethesda Hospital Inc has awarded $272,986 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD SAMARITAN COLLEGE OF NURSING AND HEALTH SCIENCE PURPOSE: TUITION ASSISTANCE FOR STUDENTS STRUGGLING TO COMPLETE DEGREES DUE TO PANDEMIC | $109,004 |
LEGAL AID SOCIETY OF CINCINNATI PURPOSE: M-HELP PROGRAM FUNDING | $47,600 |
CINCINNATI ARTS ASSOCIATION PURPOSE: SEASON SPONSORSHIP | $28,560 |
HEALTHY MOMS & BABES INC PURPOSE: GENERAL SUPPORT | $47,600 |
AMERICAN RED CROSS PURPOSE: GENERAL FUND FOR RELIEF EFFORTS | $16,660 |
FRIAR'S CLUB INC PURPOSE: GENERAL PURPOSES | $7,140 |