Mainegeneral Health
- Assets
- $728.6m
- Revenue
- $632.2m
- Investments
- $52.7m
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 08/2006
- Data as of
- 06/2021
- EIN
- 32-0265031
Organization Overview
Mainegeneral Health, operating under the name See Schedule O at Glenridge, is located in Augusta, ME. The organization was established in 2006. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. See Schedule O at Glenridge 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, See Schedule O at Glenridge generated $632.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $630.6m during the year ending 06/2021. While expenses have increased by 4.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
SEE SCHEDULE O.
SEE SCHEDULE O.
MAINEGENERAL HEALTH VIRTUAL CARE PROVIDES TELE-HEALTH CAR VISITS TO MEMBERS OF THE COMMUNITY THAT HAVE MEDICAL ISSUES THAT DO NOT REQUIRE AN IN PERSON VISIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Polkinghorn Physician | 50 | $934,410 | |
Faddy Asslo Physician | 50 | $850,492 | |
Joan Kheder Physician | 50 | $756,670 | |
Byung Kim Physician | 50 | $741,448 | |
Dan Filitis Physician | 50 | $694,531 | |
Ian Reight MD Director | Trustee | 50 | $413,098 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maine Dartmouth Family Medicine Residenc Residency Services | 6/29/21 | $16,869,583 |
Allscripts Healthcare Solutions Inc Software Services | 6/29/21 | $6,716,442 |
Amn Healthcare Inc Healthcare Services | 6/29/21 | $3,754,901 |
Escape Velocity Holdings Llc Software Services | 6/29/21 | $2,347,343 |
Kennebec Anesthesia Associates Healthcare Services | 6/29/21 | $6,294,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $62,667 |
| Membership dues | $0 |
| Fundraising events | $59,039 |
| Related organizations | $222,666 |
| Government grants | $19,330,463 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,410,639 |
| Noncash contributions included in lines 1a–1f | $6,057 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,085,474 |
| Total Program Service Revenue | $595,219,689 |
| Investment income | $4,864,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $955,783 |
| Net Gain/Loss on Asset Sales | $7,003,323 |
| Net Income from Fundraising Events | $74,125 |
| Net Income from Gaming Activities | $10,000 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,212,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $972,195 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,727,290 |
| Pension plan accruals and contributions | $6,731,664 |
| Other employee benefits | $41,691,193 |
| Payroll taxes | $17,825,154 |
| Fees for services: Management | $28,379,022 |
| Fees for services: Legal | $176,526 |
| Fees for services: Accounting | $40,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $184,023 |
| Fees for services: Other | $66,226,359 |
| Advertising and promotion | $725,951 |
| Office expenses | $1,486,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,382,791 |
| Travel | $919,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $993,526 |
| Interest | $14,300,717 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,163,658 |
| Insurance | $6,174,222 |
| All other expenses | $20,136,268 |
| Total functional expenses | $630,612,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,061,731 |
| Savings and temporary cash investments | $3,446,238 |
| Pledges and grants receivable | $256,578 |
| Accounts receivable, net | $97,038,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,171,231 |
| Prepaid expenses and deferred charges | $9,523,281 |
| Net Land, buildings, and equipment | $372,201,999 |
| Investments—publicly traded securities | $160,422,478 |
| Investments—other securities | $52,705,498 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $727,909 |
| Total assets | $728,555,488 |
| Accounts payable and accrued expenses | $90,621,809 |
| Grants payable | $0 |
| Deferred revenue | $1,101,255 |
| 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 | $294,820,269 |
| Unsecured mortgages and notes payable | $1,058,429 |
| Other liabilities | $38,069,526 |
| Total liabilities | $425,671,288 |
| Net assets without donor restrictions | $223,198,885 |
| Net assets with donor restrictions | $79,685,315 |
| 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 | $728,555,488 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mainegeneral Health has recieved totaling $42,500.
| Awarding Organization | Amount |
|---|---|
United Way Of Kennebec Valley Augusta, ME PURPOSE: GRIEF SUPPORT GROUPS | $42,500 |
Endowment Analysis
| Beg. Balance | $79,284,035 |
| Earnings | $17,454,845 |
| Admin Expense | $34,002 |
| Net Contributions | $777,876 |
| Other Expense | $2,213,995 |
| Grants | $500 |
| Ending Balance | $95,268,259 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mainegeneral Health Augusta, ME | $728,555,488 | $632,212,717 |
Mass General Brigham Incorporated Dover, NH | $7,857,187 | $29,893,981 |
Central Maine Healthcare Corporation Lewiston, ME | $160,072,160 | $47,484,302 |
Medical Care Development Incorporated Hallowell, ME | $13,124,569 | $32,391,306 |
Exeter Health Resources Exeter, NH | $367,054,931 | $15,758,804 |
Capital Region Health Ventures Corporation Concord, NH | $12,519,772 | $11,897,231 |
St Marys Health System Lewiston, ME | $11,831,173 | $3,469,341 |
Valley Regional Healthcare Inc Claremont, NH | $13,445,921 | $2,270,265 |
New Hampshire Health Care Assoc Pembroke, NH | $545,867 | $1,117,026 |
Mass General Brigham Incorporated Dover, NH | $10,164,563 | $752,914 |
Capital Region Health Care Corp Concord, NH | $2,419,820 | $434,909 |
Dartmouth-Hitchcock Medical Center Lebanon, NH | $3,201,700 | $420,697 |