Lahey Clinic Foundation Inc

Organization Overview

Lahey Clinic Foundation Inc is located in Burlington, MA. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lahey Clinic Foundation 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, Lahey Clinic Foundation Inc generated $37.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.6% each year .

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


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Columbia Construction Company
Construction Services - Capital Projects
$3,463,850
Peluso Construction Inc
Construction Services - Capital Projects
$3,450,254
Beth Israel Lahey Health Inc (R)
Beth Israel Lahey Health Professional Se
$65,423,382
G Greene Construction Co Inc
Construction Services - Capital Projects
$2,206,234
Charles Construction Company Inc
Construction Services - Capital Projects
$1,185,298
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$212,473
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$9,893,566
Noncash contributions included in lines 1a–1f $1,023,893
Total Revenue from Contributions, Gifts, Grants & Similar$10,106,039
Total Program Service Revenue$0
Investment income $7,122,627
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $21,401,288
Net Income from Fundraising Events -$1,026,010
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $37,603,944

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Lahey Clinic Foundation Inc has recieved totaling $748,855.

Awarding OrganizationAmount
Elmer K & Ethel R Timby Charitable Tr

Newtown, PA

PURPOSE: GENERAL FUND

$331,437
Oneworld Boston Inc

Woburn, MA

PURPOSE: HEALTHCARE SERVICES

$264,500
Jacques Mohr Charitable Trust

Boston, MA

PURPOSE: GENERAL PURPOSES

$39,711
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$34,426
Paypal Charitable Giving Fund

Washington, DC

PURPOSE: General Support

$27,619
Goulder Family Foundation

Pennington, NJ

PURPOSE: UNRESTRICTED GENERAL

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$349,527,526
Earnings$53,411,629
Net Contributions$514,033
Other Expense$25,647,149
Ending Balance$377,806,039

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