Beth Israel Medical Center

Organization Overview

Beth Israel Medical Center, operating under the name Mount Sinai Beth Israel, is located in New York, NY. The organization was established in 1948. 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 12/2021, Mount Sinai Beth Israel employed 6,122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Sinai Beth Israel 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 12/2021, Mount Sinai Beth Israel generated $957.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $1.1b during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SERVES THE HEALTH CARE NEEDS OF THE NEW YORK COMMUNITY, WHILE ALSO PROVIDING CLINICAL EDUCATION AND ENGAGING IN CLINICAL RESEARCH

Describe the Organization's Program Activity:

PATIENT CARE: BETH ISRAEL MEDICAL CENTER PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF THE MEDICAL CENTER, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES AND FURTHER, THAT OUR MISSION, IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTHCARE SERVICES AND HEALTHCARE EDUCATION. BETH ISRAEL PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AND THE UNINSURED AT BELOW COST. TO THE EXTENT REIMBURSEMENT IS BELOW COST, OR A PATIENT IS UNABLE TO PAY, BETH ISRAEL RECOGNIZED THESE AMOUNTS AS CHARITY CARE IN MEETING ITS MISSION TO THE COMMUNITY. IN ADDITION, CHARITY CARE IS ALSO PROVIDED THROUGH MANY FREE SERVICES AND PROGRAMS OFFERED THROUGHOUT THE YEAR, WHICH BETH ISRAEL BELIEVES SERVE A BONA FIDE COMMUNITY HEALTH NEED. IN ADDITION, THE HOSPITAL OPERATES TWO EMERGENCY ROOMS THAT ARE OPEN 24 HOURS, SEVEN DAYS A WEEK. THE KARPAS HEALTH INFORMATION CENTER (KHIC) CONSISTING OF 4 HEALTHCARE PROFESSIONALS PROVIDES HEALTH SCREENINGS, HEALTH INFORMATION AND HEALTH EDUCATION TO THE COMMUNITY. ITS REGULAR SERVICES INCLUDE FREE LECTURES, DISTRIBUTION OF FREE PUBLICATIONS, HEALTH SCREENINGS, PHYSICIANS REFERRALS, ETC. BIMC IS THE PRIMARY HEALTHCARE PROVIDER FOR THE LOWER EAST SIDE OF NEW YORK CITY. THE NEIGHBORHOOD IS THE POINT OF ENTRY FOR MANY NEW IMMIGRANTS TO THE UNITED STATES. THE NEIGHBORHOOD IS ALSO AFFLICTED WITH SEVERE SUBSTANCE ABUSE PROBLEMS AND THE RELATED HEALTH CRISIS, AIDS. IN RECOGNITION OF ITS RESPONSIBILITY TO THE COMMUNITY, BETH ISRAEL PROVIDES SERVICES IN VARIOUS LANGUAGES: ENGLISH, HEBREW, CHINESE AND SPANISH.


STUDENT FINANCIAL AID PROGRAM: TO PROVIDE FINANCIAL AID TO QUALIFYING NURSES ATTENDING BETH ISRAEL NURSING SCHOOL.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Healthcare Risk Advisors Inc
Insurance
$12,658,682
Laboratory Corp Of America
Lab Services
$11,453,580
Lend Lease Us Construction Lmb In
Construction Svcs
$46,790,889
Crothall Healthcare Inc
Housekeeping/evs
$15,737,624
Rightsourcing Inc
Staffing
$9,681,689
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $31,225,634
All other contributions, gifts, grants, and similar amounts not included above$1,038,908
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$32,264,542
Total Program Service Revenue$806,124,671
Investment income $7,555,733
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,544,103
Net Gain/Loss on Asset Sales $306,114
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $957,812,057

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Beth Israel Medical Center has recieved totaling $387,471.

Awarding OrganizationAmount
Cystic Fibrosis Foundation

Bethesda, MD

PURPOSE: CF CARE CENTER

$190,410
Cystic Fibrosis Foundation

Bethesda, MD

PURPOSE: CLINICAL RESEARCH CENTER

$172,061
Amyotrophic Lateral Sclerosis Assn

Arlington, VA

PURPOSE: ANNUAL GRANT PAYMENT FY22 CENTER OF EXCELLENCE/RESEARCH

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$11,934,113
Net Contributions$175
Ending Balance$11,934,288

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