Beth Israel Lahey Health Inc Hcsr
- Assets
- $172.0m
- Revenue
- $340.8m
- Investments
- $0.0
- Employees
- 86
- Location
- Cambridge, MA
- Founding
- Data as of
- 09/2021
- 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 09/2021, Beth Israel Lahey Health Inc Hcsr employed 86 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 09/2021, Beth Israel Lahey Health Inc Hcsr generated $340.8m in total revenue. All expenses for the organization totaled $351.2m during the year ending 09/2021. While expenses have increased by 94.6% per year over the past 3 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tabb MD Kevin President And Ceo; Trustee (ex-Officio) | OfficerTrustee | 55 | $3,378,281 |
Rowan Michael Exec. Vp, Hospital And Ambulatory Services | Officer | 55 | $1,506,636 |
Fischer Steven Exec. Vp, CFO And Treasurer (ex-Off) | Officer | 55 | $1,324,600 |
Longworth MD David Chair Bilh Primary Care Network | Officer | 55 | $1,277,981 |
Katz ESQ Jamie General Counsel And Clerk (ex-Officio) | Officer | 55 | $1,271,728 |
Lewis MD Stanley M Bilh, Chief Strategy Officer | Officer | 55 | $1,259,520 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Workday Inc Software Services | 9/29/21 | $8,121,833 |
Deloitte Consulting Llp Consulting Services | 9/29/21 | $3,173,500 |
Willis Towers Watson Us Llc Consulting Services | 9/29/21 | $3,864,474 |
Vizient Inc Consulting Services | 9/29/21 | $2,963,666 |
Claro Healthcare It Managed Services | 9/29/21 | $3,120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $339,802,584 |
| Investment income | $2,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,363 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,775,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $21,983,303 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,765,998 |
| Pension plan accruals and contributions | $3,328,150 |
| Other employee benefits | $30,573,358 |
| Payroll taxes | $5,602,619 |
| Fees for services: Management | $1,277,751 |
| Fees for services: Legal | $5,807,315 |
| Fees for services: Accounting | $4,521,774 |
| Fees for services: Lobbying | $271,075 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $607 |
| Fees for services: Other | $41,801,663 |
| Advertising and promotion | $5,528,871 |
| Office expenses | $3,511,333 |
| Information technology | $38,236,424 |
| Royalties | $0 |
| Occupancy | $6,901,301 |
| Travel | $137,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,015 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,100,869 |
| Insurance | $31,151 |
| All other expenses | $0 |
| Total functional expenses | $351,236,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,992,824 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,712,536 |
| 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 | $13,541,274 |
| Net Land, buildings, and equipment | $18,225,227 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,534,400 |
| Total assets | $172,006,261 |
| Accounts payable and accrued expenses | $144,758,143 |
| 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 | $21,162,299 |
| Total liabilities | $165,920,442 |
| Net assets without donor restrictions | $6,085,819 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $172,006,261 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Beth Israel Lahey Health Inc Hcsr has recieved totaling $543,840.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $280,000 |
Institute For Healthcare Improvement Boston, MA PURPOSE: HEALTH CARE | $250,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,840 |
Carmen-Lederer Fam Foundation Boston, MA PURPOSE: PROGRAM SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baystate Medical Practices Inc Springfield, MA | $74,830,702 | $390,418,446 |
Beth Israel Lahey Health Inc Hcsr Cambridge, MA | $172,006,261 | $340,775,421 |
Montefiore Health System Inc Tarrytown, NY | $787,550,963 | $277,667,137 |
Chs Services Inc Rockville Centre, NY | $406,825,660 | $247,222,017 |
Clny Alliance Inc Westbury, NY | $6,584,050 | $105,064,561 |
Metropolitan Jewish Health System Inc Brooklyn, NY | $32,845,157 | $60,897,961 |
Bhs Management Services Inc Pittsfield, MA | $13,878,058 | $69,134,374 |
Capital Area Health Consortium Inc Farmington, CT | $8,150,693 | $60,880,369 |
Royal Charter Properties Inc New York, NY | $137,963,781 | $43,558,448 |
Msmc Residential Realty Llc New York, NY | $105,712,939 | $27,441,000 |
Network Recovery Services Inc New York, NY | $9,165,578 | $32,013,322 |
Bhcare Inc North Haven, CT | $6,550,561 | $27,847,123 |