Sinai Hospital Of Baltimore Inc
- Assets
- $642.1m
- Revenue
- $936.8m
- Investments
- $101.0m
- Employees
- 5,304
- Location
- Baltimore, MD
- Founding
- 02/1936
- Data as of
- 06/2021
- EIN
- 52-0486540
Organization Overview
Sinai Hospital Of Baltimore Inc is located in Baltimore, MD. The organization was established in 1936. 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, Sinai Hospital Of Baltimore Inc employed 5,304 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sinai Hospital Of Baltimore 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, Sinai Hospital Of Baltimore Inc generated $936.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $854.7m during the year ending 06/2021. While expenses have increased by 2.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY PATIENT CARE, EDUCATE MEDICAL STUDENTS & RESIDENTS, AND ENGAGE IN MEDICAL RESEARCH TO IMPROVE THE LIVES OF OUR PATIENTS AND OUR COMMUNITY.
Describe the Organization's Program Activity:
SEE SCHEDULE O
LIFEBRIDGE CARDIOLOGY AT QUARRY LAKE LLC PROVIDES CARE TO PATIENTS IN THE HOSPITAL AND IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Delanois MD Physician | 40 | $1,474,154 | |
James Nace DO Physician | 40 | $1,432,227 | |
Mark R Katlic MD Chief - Dept Of Surgery | 40 | $1,297,736 | |
Peter Cho MD Surgeon | 40 | $988,226 | |
Fouad Abbas MD Physician | 40 | $977,585 | |
Neil Meltzer President/ceo | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crothall Healthcare Contract Cleaning | 6/29/21 | $2,105,531 |
Metz Culinary Management Food Services | 6/29/21 | $4,647,103 |
Flexwise Health Inc Temporary Labor | 6/29/21 | $2,084,533 |
University Of Maryland Healthcare Services | 6/29/21 | $1,524,446 |
Pediatrix Of Maryland Pediatric Medicine | 6/29/21 | $1,201,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,645 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,831,425 |
| Government grants | $15,592,673 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,276,449 |
| Noncash contributions included in lines 1a–1f | $60,882 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,706,192 |
| Total Program Service Revenue | $877,126,517 |
| Investment income | $13,994,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $245,480 |
| Net Gain/Loss on Asset Sales | $14,203,590 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,824 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $936,777,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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 | $353,903,706 |
| Pension plan accruals and contributions | $14,407,686 |
| Other employee benefits | $60,027,305 |
| Payroll taxes | $26,674,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $133,681 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $101,513 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,077,646 |
| Fees for services: Other | $104,486,540 |
| Advertising and promotion | $505,186 |
| Office expenses | $13,577,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,950,908 |
| Travel | $32,770 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $453,514 |
| Interest | $10,494,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,321,135 |
| Insurance | $6,799,830 |
| All other expenses | $0 |
| Total functional expenses | $854,680,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,989 |
| Savings and temporary cash investments | $56,567,521 |
| Pledges and grants receivable | $5,876,922 |
| Accounts receivable, net | $96,696,495 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,270,648 |
| Inventories for sale or use | $36,995,252 |
| Prepaid expenses and deferred charges | $5,571,064 |
| Net Land, buildings, and equipment | $217,944,103 |
| Investments—publicly traded securities | $20,939,171 |
| Investments—other securities | $100,964,760 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,188,329 |
| Total assets | $642,141,254 |
| Accounts payable and accrued expenses | $132,091,247 |
| Grants payable | $0 |
| Deferred revenue | $87,648,339 |
| 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 | $293,506,453 |
| Total liabilities | $513,246,039 |
| Net assets without donor restrictions | $71,871,969 |
| Net assets with donor restrictions | $57,023,246 |
| 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 | $642,141,254 |
Grants Awarded
Over the last fiscal year, Sinai Hospital Of Baltimore Inc has awarded $110,754 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $30,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $30,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $19,377 |
Washington, DC PURPOSE: GENERAL SUPPORT | $19,377 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $6,000 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Sinai Hospital Of Baltimore Inc has recieved totaling $2,032,000.
| Awarding Organization | Amount |
|---|---|
Herman & Walter Samuelson Foundation Inc Towson, MD PURPOSE: DEPARTMENT OF EMERGENCY MEDICINE | $800,000 |
Herman & Walter Samuelson Foundation Inc Towson, MD PURPOSE: GRATEFUL PATIENT FUND | $400,000 |
Herman & Walter Samuelson Foundation Inc Towson, MD PURPOSE: GW REGIONAL MEDICAL CENTER | $280,000 |
Herman & Walter Samuelson Foundation Inc Towson, MD PURPOSE: DEPARTMENT OF EMERGENCY MEDICINE | $200,000 |
Herman & Walter Samuelson Foundation Inc Towson, MD PURPOSE: RACE FOR THE KIDS | $100,000 |
Louis And Phyllis Friedman Foundation Inc Towson, MD PURPOSE: HERZENBERG GRATEFUL PATIENT FUND | $100,000 |
Endowment Analysis
| Beg. Balance | $13,489,368 |
| Earnings | $1,813 |
| Net Contributions | $667,597 |
| Other Expense | $7,645 |
| Ending Balance | $14,151,133 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Bayhealth Medical Center Inc Dover, DE | $1,592,804,671 | $861,509,299 |
Tower Health Reading, PA | $1,567,530,050 | $562,187,138 |
Cabell Huntington Hospital Inc Huntington, WV | $1,087,986,142 | $722,910,695 |
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System Philadelphia, PA | $773,767,590 | $678,080,811 |
Johns Hopkins Bayview Medical Center Inc Baltimore, MD | $440,914,055 | $670,376,991 |
Kennedy University Hospital Inc Philadelphia, PA | $1,241,829,856 | $668,598,689 |
Franklin Square Hospital Center Inc Baltimore, MD | $352,871,142 | $621,968,540 |
Holy Cross Health Inc Silver Spring, MD | $1,036,467,989 | $628,720,499 |