Beth Israel Deaconess Hospital- Milton Inc
- Assets
- $203.9m
- Revenue
- $149.5m
- Investments
- $44.0m
- Employees
- 1,062
- Location
- Milton, MA
- Founding
- 04/1952
- Data as of
- 09/2021
- EIN
- 04-2103604
Organization Overview
Beth Israel Deaconess Hospital- Milton Inc is located in Milton, MA. The organization was established in 1952. 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 09/2021, Beth Israel Deaconess Hospital- Milton Inc employed 1,062 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beth Israel Deaconess Hospital- Milton Inc 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 Deaconess Hospital- Milton Inc generated $149.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $136.4m during the year ending 09/2021. While expenses have increased by 5.2% per year over the past 6 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 2017, Beth Israel Deaconess Hospital- Milton Inc has awarded 32 individual grants totaling $2,065,341. 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
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
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Conklin Michael Asst Treasurer, V.P. Finance & CFO | Officer | 55 | $337,782 |
Louisconcesa C Registered Nurse | 55 | $234,800 | |
Cronin RN Lynn Cno | Officer | 55 | $210,974 |
Mccormickgregory P Physician Assistant | 55 | $188,164 | |
Coughlin Kaykathleen Director Perioperative Services | 55 | $187,199 | |
Freed-Loew Cheryl Vice President, Hr | Officer | 55 | $179,809 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Receivables Outsourcing Llc Self Pay Day One Vendor | 9/29/21 | $339,312 |
Medical Solutions Llc Nursing Temp Help | 9/29/21 | $518,375 |
Neurocare Inc Provides Sleep Study Services | 9/29/21 | $240,271 |
Aureus Radiology Llc Traverlers For Radiology/rehab Depts | 9/29/21 | $332,250 |
Dva Healthcare Of Massachuseets Inc Hemodialysis Services | 9/29/21 | $239,273 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $252,620 |
| Related organizations | $0 |
| Government grants | $422,640 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,100,723 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,775,983 |
| Total Program Service Revenue | $142,134,301 |
| Investment income | $568,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $472,793 |
| Net Gain/Loss on Asset Sales | $3,672,361 |
| Net Income from Fundraising Events | -$37,994 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,464,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $203,785 |
| 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. | $1,026,069 |
| Compensation of current officers, directors, key employees. | $37,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,662,169 |
| Pension plan accruals and contributions | $902,342 |
| Other employee benefits | $5,997,763 |
| Payroll taxes | $4,095,626 |
| Fees for services: Management | $7,537,419 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,363 |
| Fees for services: Lobbying | $41,246 |
| Fees for services: Fundraising | $57,078 |
| Fees for services: Investment Management | $313,811 |
| Fees for services: Other | $18,376,873 |
| Advertising and promotion | $336,301 |
| Office expenses | $1,236,434 |
| Information technology | $1,010,540 |
| Royalties | $0 |
| Occupancy | $7,276,858 |
| Travel | $2,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,894 |
| Interest | $1,787,887 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,612,491 |
| Insurance | $299,963 |
| All other expenses | $424,157 |
| Total functional expenses | $136,412,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,273,728 |
| Savings and temporary cash investments | $26,263,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,241,363 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,730,008 |
| Prepaid expenses and deferred charges | $3,978,673 |
| Net Land, buildings, and equipment | $101,310,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $44,007,647 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,054,580 |
| Total assets | $203,860,323 |
| Accounts payable and accrued expenses | $25,885,832 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $25,237,732 |
| 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 | $29,394,752 |
| Total liabilities | $80,518,316 |
| Net assets without donor restrictions | $114,385,359 |
| Net assets with donor restrictions | $8,956,648 |
| 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 | $203,860,323 |
Grants Awarded
Over the last fiscal year, Beth Israel Deaconess Hospital- Milton Inc has awarded $203,785 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Falmouth, MA PURPOSE: COMMUNITY SUPPORT | $74,753 |
Quincy, MA PURPOSE: COMMUNITY SUPPORT | $33,000 |
TOWN OF MILTON PURPOSE: SUPPORT OF EDUCATION | $17,532 |
MILTON PUBLIC SCHOOLS PURPOSE: SUPPORT OF EDUCATION | $15,000 |
Louisville, KY PURPOSE: HOUSING ASSISTANCE | $15,000 |
Milton, MA PURPOSE: COMMUNITY SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Beth Israel Deaconess Hospital- Milton Inc has recieved totaling $44,300.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $10,000 |
Marr Charitable Foundation South Boston, MA PURPOSE: RELIGIOUS, SCIENTIFIC, OR EDUCATIONAL, ETC. | $7,500 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $5,000 |
Charles M Cox 1940 Trust V-8129 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,800 |
Endowment Analysis
| Beg. Balance | $7,951,012 |
| Earnings | $337,636 |
| Net Contributions | $668,000 |
| Ending Balance | $8,956,648 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Bridgeport Hospital Bridgeport, CT | $853,709,766 | $729,975,555 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Danbury Hospital Danbury, CT | $968,428,982 | $798,413,805 |