Mary Immaculate Hospital Llc
- Assets
- $0.0
- Revenue
- $67.1m
- Investments
- $0.0
- Employees
- 1,067
- Location
- Suffolk, VA
- Founding
- 10/1964
- Data as of
- 12/2019
- EIN
- 54-0548200
Organization Overview
Mary Immaculate Hospital Llc, operating under the name Bon Secours Mary Immaculate Hospital, is located in Suffolk, VA. The organization was established in 1964. 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 08/2018, Bon Secours Mary Immaculate Hospital employed 1,067 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bon Secours Mary Immaculate Hospital 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 12/2019, Bon Secours Mary Immaculate Hospital generated $67.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $55.8m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (24.3%) per year over the past 4 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
ACUTE CARE HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARY IMMACULATE HOSPITAL PROVIDES MEDICAL CARE TO PATIENTS WITHOUT REGARD TO THEIR ABILITY TO PAY. AMONG THE MAJOR SERVICES PROVIDED TO THE RESIDENTS OF HAMPTON ROADS, THREE MAJOR AREAS OF FOCUS ARE ORTHOPEDICS, GENERAL SURGERY AND WOMEN'S HEALTH. IN ADDITION, MARY IMMACULATE PROVIDES SUPPORT FOR COMMUNITY SERVICES. PLEASE SEE SCHEDULE H FOR ADDITIONAL INFORMATION REGARDING PROGRAMS, COMMUNITY BENEFIT PROGRAMS AND CHARITY CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Terracina MD General Surgeon | 50 | $1,299,324 | |
Jason Andre MD Vascular Surgeon | 50 | $390,262 | |
Edward Pak DO Internist | 50 | $328,909 | |
Steven Griswold MD Geriatrician | 50 | $194,503 | |
Karren Witt Rn | 50 | $177,739 | |
Brother Arthur Caliman President - Bshr/dmc/mmc/mncc | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tidewater Physicians Multispecialty Grou Physician Services | 8/30/18 | $3,537,779 |
Aramark Cts Inc Biomedical Engineering | 8/30/18 | $1,899,855 |
Morrison Management Specialists Inc Dietary Services | 8/30/18 | $2,787,692 |
Anesthesia Assoc Of Hampton Physician Services | 8/30/18 | $1,587,500 |
Emergency Medicine Associates Physician Services | 8/30/18 | $601,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,348 |
| Investment income | $559,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,124 |
| Net Gain/Loss on Asset Sales | $354,633 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,141,758 |
| 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. | $73,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,061,657 |
| Pension plan accruals and contributions | $599,147 |
| Other employee benefits | $1,619,954 |
| Payroll taxes | $1,166,540 |
| 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 | $17,532,575 |
| Advertising and promotion | $774 |
| Office expenses | -$1,118,576 |
| Information technology | $14,731 |
| Royalties | $0 |
| Occupancy | $1,152,121 |
| Travel | $36,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,380,871 |
| Insurance | $203,789 |
| All other expenses | $795,133 |
| Total functional expenses | $55,817,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Mary Immaculate Hospital Llc has awarded $25,184 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Williamsburg, VA PURPOSE: Literacy for Life Heal Program Implementation | $15,000 |
Portsmouth, VA PURPOSE: Bereavement Camp for Children | $10,184 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mary Immaculate Hospital Llc has recieved totaling $33,000.
| Awarding Organization | Amount |
|---|---|
Bernardine Franciscan Sisters Foundation Inc Newport News, VA PURPOSE: SEE STMT 11 SEC IV | $33,000 |
Endowment Analysis
| Beg. Balance | $53,850 |
| Net Contributions | -$20 |
| Ending Balance | $53,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Columbus Regional Healthcare System Whiteville, NC | $197,969,739 | $134,524,668 |
Harnett Health System Inc Dunn, NC | $119,557,525 | $137,837,447 |
Davis Memorial Hospital Elkins, WV | $99,450,993 | $120,748,268 |
U Of M Rehab & Orthopaedic Institute Baltimore, MD | $214,130,610 | $125,454,652 |
Lexington Medical Center Lexington, NC | $126,269,827 | $125,126,706 |
Bon Secours-Richmond Community Hospital Richmond, VA | $200,107,508 | $168,768,277 |
Reynolds Memorial Hospital Inc Glen Dale, WV | $68,940,537 | $122,482,209 |
Uva Culpeper Medical Center Culpeper, VA | $139,556,597 | $116,029,117 |
Morristown Hamblen Hosp Knoxville, TN | $71,835,132 | $127,114,372 |
Novant Health Thomasville Medical Center Llc Winston Salem, NC | $97,078,773 | $115,006,947 |