Beth Israel Lahey Health Inc Hcsr
- Assets
- $677.9m
- Revenue
- $404.6m
- Investments
- $0.0
- Employees
- 166
- Location
- Cambridge, MA
- Founding
- Data as of
- 09/2022
- EIN
- 83-2671600
Organization Overview
Beth Israel Lahey Health Inc Hcsr is located in Cambridge, MA. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 09/2023, Beth Israel Lahey Health Inc Hcsr employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beth Israel Lahey Health Inc Hcsr 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 09/2022, Beth Israel Lahey Health Inc Hcsr generated $404.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 69.0% each year . All expenses for the organization totaled $452.0m during the year ending 09/2022. While expenses have increased by 75.5% per year over the past 4 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 2022, Beth Israel Lahey Health Inc Hcsr has awarded 42 individual grants totaling $2,272,868. 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
2022
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tabb MD Kevin Pres And Ceo; Ttee (ex-Off) | OfficerTrustee | 60 | $2,507,235 |
Kimball MD MPH Alexa B Trustee, President & CEO Of Hmfp | Trustee | 1 | $0 |
Liesching MD Timothy Trustee, Cmo Lhmc | Trustee | 1 | $0 |
Mccullough MD Daniel J Trustee; Physician, Family Medicine | Trustee | 1 | $0 |
Sullivan MD Mary Anna Trustee, Physician | Trustee | 1 | $22,864 |
Hao Yvonne Trustee, Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caremark Pharmacy | 9/29/23 | $85,709,818 |
Lahey Hospital And Medical Center Medical Services | 9/29/23 | $85,706,162 |
Harvard Pilgrim Healthcare Inc Employee Medical Benefits | 9/29/23 | $66,936,465 |
Delta Dental Of Ma Employee Dental Benefits | 9/29/23 | $21,785,597 |
Anna Jaques Hospital Medical Services | 9/29/23 | $14,023,011 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $158,163 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $440,133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $598,296 |
| Total Program Service Revenue | $402,099,600 |
| Investment income | $280,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,196 |
| Net Income from Fundraising Events | $757,295 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,568,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,802,868 |
| 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. | $28,213,781 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $163,048,224 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $4,665,958 |
| Other employee benefits | $37,611,541 |
| Payroll taxes | $7,802,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,782,481 |
| Fees for services: Accounting | $8,758,429 |
| Fees for services: Lobbying | $366,397 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,066 |
| Fees for services: Other | $51,091,526 |
| Advertising and promotion | $4,866,669 |
| Office expenses | $5,650,290 |
| Information technology | $65,091,828 |
| Royalties | $0 |
| Occupancy | $6,888,718 |
| Travel | $230,541 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,462 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,877,406 |
| Insurance | $12,953,906 |
| All other expenses | $4,330,912 |
| Total functional expenses | $452,007,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $575,128,002 |
| Pledges and grants receivable | $759,635 |
| Accounts receivable, net | $4,273,519 |
| 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 | $18,411,612 |
| Net Land, buildings, and equipment | $41,638,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,719,954 |
| Total assets | $677,931,138 |
| Accounts payable and accrued expenses | $773,145,474 |
| 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 | $11,440,009 |
| Total liabilities | $784,585,483 |
| Net assets without donor restrictions | -$107,413,980 |
| Net assets with donor restrictions | $759,635 |
| 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 | $677,931,138 |
Grants Awarded
Over the last fiscal year, Beth Israel Lahey Health Inc Hcsr has awarded $495,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR COMMUNITY HEALTH INC PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $75,000 |
CAMBRIDGE HEALTH ALLIANCE FOUNDATION INC PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $216,500 |
MASSACHUSETTS LEAGUE OF COMMUNITY HEALTH CENTERS INC PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $40,000 |
THE SCHWARTZ CENTER FOR COMPASSIONATE HEALTHCARE (MASS GENERAL HOSPITAL) PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $25,000 |
BOSTON CHINATOWN NEIGHBORHOOD CENTER (BCNC) PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $20,000 |
MULTICULTURAL AIDS COALITION PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $14,000 |