The Queens Medical Center
- Assets
- $3.2b
- Revenue
- $1.4b
- Investments
- $503.1m
- Employees
- 6,771
- Location
- Honolulu, HI
- Founding
- 12/1935
- Data as of
- 06/2021
- EIN
- 99-0073524
Organization Overview
The Queens Medical Center is located in Honolulu, HI. The organization was established in 1935. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Queens Medical Center employed 6,771 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Queens Medical Center 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, Queens Medical Center generated $1.4b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.3b during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 7 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 2015, Queens Medical Center has awarded 386 individual grants totaling $23,254,200. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FULFILL THE INTENT OF QUEEN EMMA AND KING KAMEHAMEHA IV TO PROVIDE QUALITY HEALTHCARE TO IMPROVE THE WELL-BEING OF NATIVE HAWAIIANS AND ALL THE PEOPLE OF HAWAII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE QUEEN'S MEDICAL CENTER IS THE LARGEST PRIVATE, NONPROFIT ACUTE CARE MEDICAL FACILITY IN HAWAII. ITS STAFF IS DEDICATED TO PROVIDING QUALITY HEALTH CARE TO THE PEOPLE OF HAWAII AND THE PACIFIC. SEE SCHEDULE O FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reid Hoshide MD Physician | 50 | $2,044,057 | |
Jill Hoggard Green Trustee | Trustee | 25 | $0 |
David Panczykowski MD Physician | 50 | $1,423,212 | |
Jeffrey Loh MD Physician | 50 | $1,363,676 | |
Hao-Chih Ho MD Physician | 50 | $1,177,229 | |
Jason Chang President | OfficerTrustee | 25 | $947,366 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atos It Outsourcing Services It Services | 6/29/17 | $7,837,692 |
Pricewaterhouse Coopers Consulting Services | 6/29/17 | $6,102,853 |
Univ Health Partners Hawaii Fka U Medical Services | 6/29/17 | $3,446,153 |
Pacific Anesthesia Inc Medical Services | 6/29/17 | $2,707,727 |
Epic Systems Corporation It Services | 6/29/17 | $2,131,092 |
Atos It Outsourcing Services It Services | 6/29/17 | $7,837,692 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,710,648 |
| Investment income | $5,380,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,043 |
| Net Rental Income | $2,724,362 |
| Net Gain/Loss on Asset Sales | $57,999,861 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,389,185,759 |
| 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. | $1,608,055 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $547,075,663 |
| Pension plan accruals and contributions | $40,622,185 |
| Other employee benefits | $61,078,901 |
| Payroll taxes | $34,213,933 |
| Fees for services: Management | $1,845,535 |
| Fees for services: Legal | $937,384 |
| Fees for services: Accounting | $460,616 |
| Fees for services: Lobbying | $72,173 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $884,207 |
| Fees for services: Other | $155,701,731 |
| Advertising and promotion | $276,678 |
| Office expenses | $5,986,502 |
| Information technology | $3,929,470 |
| Royalties | $0 |
| Occupancy | $23,933,538 |
| Travel | $619,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $872,030 |
| Interest | $14,279,942 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,177,809 |
| Insurance | $10,209,274 |
| All other expenses | $0 |
| Total functional expenses | $1,345,887,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,844 |
| Savings and temporary cash investments | $112,342,383 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $138,617,963 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,979,926 |
| Prepaid expenses and deferred charges | $11,284,032 |
| Investments—publicly traded securities | $748,944,254 |
| Investments—other securities | $503,070,633 |
| Investments—program-related | $10,800,280 |
| Intangible assets | $19,203,137 |
| Other assets | $1,231,482,684 |
| Total assets | $3,209,352,555 |
| Accounts payable and accrued expenses | $230,757,227 |
| Grants payable | $0 |
| Deferred revenue | $580,982 |
| Tax-exempt bond liabilities | $328,639,292 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $43,810,690 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,206,347,502 |
| Total liabilities | $1,810,135,693 |
| 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 | $1,399,216,862 |
Grants Awarded
Over the last fiscal year, The Queens Medical Center has awarded $2,784,176 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ALOHA UNITED WAY PURPOSE: GENERAL SUPPORT | $35,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: Sponsorship "2022 ADA Hawaii Year Round Sponsorship Proposal" | $45,000 |
AMERICAN HEART ASSOCIATION PURPOSE: Sponsorship "Heart of Hawaii and Heart Walk 2022" | $53,000 |
ARTHRITIS FOUNDATION PURPOSE: Sponsorship "2021 Taste of the Town"2022 Walk to Cure Arthritis" | $20,000 |
AMERICAN RED CROSS PURPOSE: Sponsorship "2022 Red Cross Corporate Partner Program" | $15,000 |
BOY SCOUTS OF AMERICA ALOHA COUNCIL PURPOSE: Contribution "2021 Virtual fundraising celebration event Scouts Honor" | $7,500 |