New England Baptist Hospital
- Assets
- $270.3m
- Revenue
- $213.3m
- Investments
- $28.1m
- Employees
- 1,435
- Location
- Boston, MA
- Founding
- 04/1923
- Data as of
- 09/2020
- EIN
- 04-2103612
Organization Overview
New England Baptist Hospital is located in Boston, MA. The organization was established in 1923. 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, New England Baptist Hospital employed 1,435 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Baptist Hospital 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 09/2020, New England Baptist Hospital generated $213.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $219.8m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New England Baptist Hospital has awarded 44 individual grants totaling $1,223,187. 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
2020
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
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sullivan Smith Mary Svp, Trustee, (ex-Officio),cno & COO | Trustee | 55 | $483,861 |
Gheringhelli Msf Thomas J Assistant Treasurer, SVP Of Finance & CFO | Officer | 55 | $469,328 |
Thompson Linda E SVP - Human Resources & Service Excellence | Officer | 55 | $391,408 |
Ide Patricia Executive Director, Quality & Patient Safety | 55 | $227,582 | |
Reardon Edward VP Philanthropy | 55 | $223,333 | |
Giordano Valerie J Associate VP | 55 | $220,956 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Health Services Medical Support | 9/29/21 | $1,646,576 |
Clafin Company Medical Support | 9/29/21 | $7,338,137 |
C&w Facility Services Inc Facility Service | 9/29/21 | $2,745,321 |
Suffolk Construction Construction Service | 9/29/21 | $2,181,857 |
Aphmfp Medical Support | 9/29/21 | $3,281,067 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,936,536 |
| Investment income | $1,100,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,023,068 |
| Net Gain/Loss on Asset Sales | $2,965,010 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,264,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $15,060 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,175,079 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,504,093 |
| Pension plan accruals and contributions | $3,467,575 |
| Other employee benefits | $6,352,777 |
| Payroll taxes | $6,544,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $679 |
| Fees for services: Lobbying | $67,032 |
| Fees for services: Fundraising | $17,341 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,053,606 |
| Office expenses | $53,225,088 |
| Information technology | $4,234,700 |
| Royalties | $0 |
| Occupancy | $10,760,875 |
| Travel | $46,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $265,338 |
| Interest | $1,542,788 |
| Payments to affiliates | $4,552,525 |
| Depreciation, depletion, and amortization | $11,072,649 |
| Insurance | $1,007,852 |
| All other expenses | $0 |
| Total functional expenses | $219,795,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,753,131 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,578,376 |
| Accounts receivable, net | $21,158,424 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,472,493 |
| Prepaid expenses and deferred charges | $3,061,950 |
| Investments—publicly traded securities | $90,243,274 |
| Investments—other securities | $28,053,186 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,293,370 |
| Total assets | $270,348,462 |
| Accounts payable and accrued expenses | $61,024,119 |
| Grants payable | $0 |
| Deferred revenue | $880,000 |
| Tax-exempt bond liabilities | $50,774,603 |
| 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 | $11,508,610 |
| Total liabilities | $124,187,332 |
| 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 | $146,161,130 |
Grants Awarded
Over the last fiscal year, New England Baptist Hospital has awarded $93,030 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: COMMUNITY SUPPORT | $50,000 |
Boston, MA PURPOSE: COMMUNITY SUPPORT | $14,030 |
Roxbury, MA PURPOSE: COMMUNITY SUPPORT | $10,000 |
Boston, MA PURPOSE: COMMUNITY SUPPORT | $8,000 |
Beverly, MA PURPOSE: COMMUNITY SUPPORT | $6,000 |
Boston, MA PURPOSE: COMMUNITY SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that New England Baptist Hospital has recieved totaling $667,146.
| Awarding Organization | Amount |
|---|---|
Amelia Peabody Charitable Fund Trs Boston, MA PURPOSE: CAPITALCAPITAL | $350,000 |
George R Wright For Charities Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $63,235 |
Edward P Faunce Tr Uw Pittsburgh, PA PURPOSE: GENERAL OPERATING | $39,076 |
Robert S & Maria J Reisman Charitable Trust Needham, MA PURPOSE: TO SUPPORT THE COMMUNITY | $30,000 |
Tower Family Fund Inc Buffalo, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $58,246,000 |
| Earnings | $10,125,000 |
| Net Contributions | $469,000 |
| Other Expense | $1,387,000 |
| Ending Balance | $67,453,000 |
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 |