Baystate Medical Center Inc
- Assets
- $1.9b
- Revenue
- $1.6b
- Investments
- $93.1m
- Employees
- 9,378
- Location
- Springfield, MA
- Founding
- 06/1983
- Data as of
- 09/2021
- EIN
- 04-2790311
Organization Overview
Baystate Medical Center Inc is located in Springfield, MA. The organization was established in 1983. 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, Baystate Medical Center Inc employed 9,378 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baystate Medical Center 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, Baystate Medical Center Inc generated $1.6b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.5b during the year ending 09/2021. While expenses have increased by 5.1% 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 2016, Baystate Medical Center Inc has awarded 30 individual grants totaling $80,233,845. 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
THE MISSION OF THE ORGANIZATION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES EVERY DAY, WITH QUALITY AND COMPASSION.
Describe the Organization's Program Activity:
INPATIENT HEALTHCARE SERVICES - PROVIDING INPATIENT COMMUNITY-BASED MEDICINE AND TERTIARY CARE TO THE SURROUNDING REGION. SERVICES ARE AVAILABLE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY. DURING FY21, BAYSTATE MEDICAL CENTER, INC. PROVIDED 232,431 PATIENT DAYS OF INPATIENT SERVICES, WITH 43,468 DISCHARGES.
OUTPATIENT HEALTHCARE SERVICES - PROVIDING OUTPATIENT CLINICAL SERVICES TO THE SURROUNDING REGION. SERVICES ARE AVAILABLE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY. DURING FY21, BAYSTATE MEDICAL CENTER, INC. HAD 345,692 OUTPATIENT VISITS.
EMERGENCY DEPARTMENT SERVICES - PROVIDING EMERGENCY DEPARTMENT SERVICES TO THE SURROUNDING REGION. SERVICES ARE AVAILABLE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY. DURING FY21, BAYSTATE MEDICAL CENTER, INC. HAD 89,739 EMERGENCY DEPARTMENT VISITS.
PROVIDING PHARMACY AND SUPPORT SERVICES TO THE SURROUNDING REGION. SERVICES AVAILABLE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin P Moriarty MD Trustee/chief Ped Surgery | Trustee | 1 | $713,152 |
Peter Friedmann MD Assoc Dean Chief Res Officer | 50 | $466,737 | |
Amy Gottleib MD Assoc Dean Chief Fac Develop | 50 | $417,385 | |
Peter Lindenauer MD Asst Dean Population Health | 50 | $377,720 | |
Jasmine J Paadam MD Cis Physician Leader | 50 | $371,018 | |
Mark Loos Mdir Or & Surgical Units | 50 | $350,557 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baystate Medical Practices Inc Medical, Educational & Clinical Services | 9/29/21 | $83,630,897 |
Shiftwise Contract Services | 9/29/21 | $34,123,129 |
Crothall Healthcare Inc Contract Services | 9/29/21 | $6,721,401 |
Baystate Administrative Services Inc Management Services | 9/29/21 | $80,736,392 |
Shields Specialty Pharmacy Of Springfiel Management Services | 9/29/21 | $13,036,927 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,512,134 |
| Government grants | $56,284,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,357,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,154,211 |
| Total Program Service Revenue | $1,454,708,531 |
| Investment income | $6,446,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$225,787 |
| Net Gain/Loss on Asset Sales | $6,768,777 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,604,941,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,495,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $154,551 |
| Other salaries and wages | $508,792,974 |
| Pension plan accruals and contributions | $25,275,246 |
| Other employee benefits | $56,408,590 |
| Payroll taxes | $35,894,276 |
| Fees for services: Management | $61,297,465 |
| Fees for services: Legal | $299,923 |
| Fees for services: Accounting | $769,685 |
| Fees for services: Lobbying | $68,718 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,567,786 |
| Advertising and promotion | $331,516 |
| Office expenses | $408,438,236 |
| Information technology | $85,721,608 |
| Royalties | $0 |
| Occupancy | $24,153,576 |
| Travel | $346,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $980,818 |
| Interest | $8,350,908 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,250,518 |
| Insurance | $6,728,453 |
| All other expenses | $0 |
| Total functional expenses | $1,500,325,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $259,083,197 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $213,597,776 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,575,545 |
| Prepaid expenses and deferred charges | $5,934,201 |
| Net Land, buildings, and equipment | $588,700,704 |
| Investments—publicly traded securities | $651,063,723 |
| Investments—other securities | $93,148,557 |
| Investments—program-related | $0 |
| Intangible assets | $1,552,027 |
| Other assets | $85,452,878 |
| Total assets | $1,934,108,608 |
| Accounts payable and accrued expenses | $178,931,045 |
| Grants payable | $0 |
| Deferred revenue | $137,620,427 |
| Tax-exempt bond liabilities | $468,946,990 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $55,150,324 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,183,022 |
| Total liabilities | $862,831,808 |
| Net assets without donor restrictions | $1,051,630,933 |
| Net assets with donor restrictions | $19,645,867 |
| 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 | $1,934,108,608 |
Grants Awarded
Over the last fiscal year, Baystate Medical Center Inc has awarded $23,362,274 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Springfield, MA PURPOSE: Strategic initiatives | $23,248,638 |
Springfield, MA PURPOSE: Breast cancer survivors excercise program. | $36,402 |
Northampton, MA PURPOSE: Support groups, complementary therapies, workshops and classes for women living with breast cancer and their families and caregivers. | $25,231 |
Springfield, MA PURPOSE: Breast cancer survivors dragon boat team. | $19,940 |
Springfield, MA PURPOSE: Funding expenses of the most well-attended CHH programming utilized by women with breast cancer. | $17,545 |
Northampton, MA PURPOSE: Breast cancer survivors dragon boat team. | $9,350 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Baystate Medical Center Inc has recieved totaling $301,939.
| Awarding Organization | Amount |
|---|---|
Massachusetts Childrens Alliance Inc Boston, MA PURPOSE: Member assistance | $112,000 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: CF CARE CENTER | $60,180 |
Masshire Hampden County Workforce Board Inc Springfield, MA PURPOSE: EDUCTION & TRAINING | $51,896 |
Institute For Clinical Research Inc Washington, DC PURPOSE: CLINICAL RESEARCH AND STUDY. | $27,325 |
Foundation Forsurgical Fellowships Los Angeles, CA PURPOSE: General Support | $20,000 |
The Food Bank Of Western Massachusetts Inc Hatfield, MA PURPOSE: FOOD FOR THE NEEDY | $16,789 |
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 |