New England Baptist Hospital
- Assets
- $282.8m
- Revenue
- $232.4m
- Investments
- $34.9m
- Employees
- 1,365
- Location
- Boston, MA
- Founding
- 04/1923
- Data as of
- 09/2023
- 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 09/2023, New England Baptist Hospital employed 1,365 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 09/2023, New England Baptist Hospital generated $232.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $241.3m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New England Baptist Hospital has awarded 57 individual grants totaling $1,499,208. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rowan Michael Trustee (ex-Officio) (ceo Designee) | Trustee | 1 | $0 |
Mattingly MD David Ttee; Surg Chief & Ortho Chair | Trustee | 1 | $0 |
Passafaro David President & Trustee (ex-Officio) | OfficerTrustee | 1 | $0 |
Hollenbeck MD Brian Ttee (ex-Off),srvp,cmo Chf,infct Dis | Trustee | 1 | $0 |
Cruz-Gervis MD Roberto Ttee (ex-Off) (pres, Medical Staff) | Trustee | 1 | $0 |
Smith RN Ms Mary Sullivan Ttee (ex-Off); Senior Vp, COO & Cno | Trustee | 55 | $482,701 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beth Israel Lahey Health Inc Management & Professional Services | 9/29/23 | $22,692,297 |
Stryker Orthopaedics Medical Support | 9/29/23 | $10,379,769 |
J&j Healthcare Systems Inc Medical Support | 9/29/23 | $9,895,332 |
Cardinal Medical Products & Svcs Medical Support | 9/29/23 | $5,734,536 |
Medtronic Sofamor Danek Usa Medical Support | 9/29/23 | $4,672,697 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $384,565 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,073,380 |
| Noncash contributions included in lines 1a–1f | $94,045 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,457,945 |
| Total Program Service Revenue | $220,856,599 |
| Investment income | $2,203,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $374,834 |
| Net Gain/Loss on Asset Sales | $234,090 |
| Net Income from Fundraising Events | -$24,130 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,351,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $179,515 |
| 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. | $878,622 |
| Compensation of current officers, directors, key employees. | $42,006 |
| Compensation to disqualified persons | $1,065,367 |
| Other salaries and wages | $73,832,995 |
| Pension plan accruals and contributions | $2,869,269 |
| Other employee benefits | $6,767,212 |
| Payroll taxes | $6,216,219 |
| Fees for services: Management | $22,673,425 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $76,128 |
| Fees for services: Fundraising | $18,872 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,197,722 |
| Advertising and promotion | $841,385 |
| Office expenses | $795,547 |
| Information technology | $644,802 |
| Royalties | $0 |
| Occupancy | $5,219,308 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,456,162 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,781,540 |
| Insurance | $224,734 |
| All other expenses | $8,712,920 |
| Total functional expenses | $241,317,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,208 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,236,401 |
| Accounts receivable, net | $22,190,743 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,108,463 |
| Prepaid expenses and deferred charges | $1,117,870 |
| Net Land, buildings, and equipment | $66,038,337 |
| Investments—publicly traded securities | $69,016,107 |
| Investments—other securities | $34,852,458 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,182,153 |
| Total assets | $282,755,740 |
| Accounts payable and accrued expenses | $20,436,964 |
| Grants payable | $0 |
| Deferred revenue | $586,739 |
| Tax-exempt bond liabilities | $43,464,278 |
| 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 | $31,272,428 |
| Total liabilities | $95,760,409 |
| Net assets without donor restrictions | $155,787,196 |
| Net assets with donor restrictions | $31,208,135 |
| 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 | $282,755,740 |
Grants Awarded
Over the last fiscal year, New England Baptist Hospital has awarded $145,925 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CELTICS SHAMROCK FOUNDATION PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $30,000 |
BOSTON CENTER FOR YOUTH AND FAMILIES-TOBIN COMMUNITY CENTER PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $14,800 |
MISSION HILL LINK PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $50,000 |
MISSION HILL MAIN STREETS PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $13,000 |
MISSION GRAMMAR SCHOOL PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $6,300 |
MISSION HILL NEIGHBORHOOD HOUSING SERVICES PURPOSE: CARE ACCESS AND/OR TO ADDRESS OTHER IDENTIFIED COMMUNITY HEALTH NEEDS | $12,225 |