Lahey Clinic Inc

Organization Overview

Lahey Clinic Inc is located in Burlington, MA. The organization was established in 1994. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 09/2021, Lahey Clinic Inc employed 1,505 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lahey Clinic 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 09/2020, Lahey Clinic Inc generated $291.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $389.9m during the year ending 09/2020. You can explore the organizations financials more deeply in the financial statements section below.

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

CLINIC - SPECIALTY SERVICES


CLINIC - PRIMARY CARE


OTHER


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Beth Israel Lahey Health Inc (R)
Beth Israel Lahey Health Professional Se
$5,507,634
Quest Healthcare Solutions Llc
Contract Labor
$768,287
Optumhealth Care Solutions Llc
Patient Helpline
$569,750
Medicus Anesthesia Services Llc
Physician Coverage Services
$563,947
Radiation Oncology Associates Pa
Physician Coverage Services
$398,888
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$11,264,603
Investment income $1,220,643
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$344,017
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $291,194,396

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Lahey Clinic Inc has recieved totaling $109,200.

Awarding OrganizationAmount
Nancy Sayles Day Foundation

Boston, MA

PURPOSE: RESEARCH AND EDUCATION

$50,000
Amyotrophic Lateral Sclerosis Assn

Arlington, VA

PURPOSE: ANNUAL GRANT PAYMENT FY22 CENTER OF EXCELLENCE/RESEARCH

$25,000
Reed Family Charitable Foundation

Boston, MA

PURPOSE: UNRESTRICTED GIFT

$20,000
John And Judith Nelson Family Foundation

Boston, MA

PURPOSE: GENERAL PURPOSE

$10,000
Shane Foundation

Boston, MA

PURPOSE: GENERAL

$3,000
Hy And Greta Berkowitz Foundation

Dedham, MA

PURPOSE: ANNUAL SUPPORT

$1,200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$70,623,018
Earnings$18,255,689
Admin Expense$35,425
Net Contributions$18,970,479
Other Expense$14,943,875
Ending Balance$92,869,886

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