Mass General Brigham Incorporated
- Assets
- $90.4m
- Revenue
- $52.5m
- Investments
- $55.8m
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 11/2010
- Data as of
- 06/2016
- EIN
- 04-2868893
Organization Overview
Mass General Brigham Incorporated is located in Somerville, MA. The organization was established in 2010. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mass General Brigham Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH CARE EDUCATIONAL TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FY'16 THE CORPORATION PROVIDED EDUCATIONAL TRAINING TO1,403 STUDENTS IN THE FIELDS OF NURSING, PHYSICAL THERAPY,OCCUPATIONAL THERAPY, PHYSICIAN ASSISTANTS STUDIES AND COMMUNICATION SCIENCES & DISORDERS. FOR FY'16 THE CORPORATION AWARDED 499 DEGREES. THE CORPORATION ALSO CONDUCTED HEALTH RELATED RESEARCH SUPPORTED BY RESEARCH PROFESSORSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose DE Jesus Rivera JD Trustee | Trustee | 1 | $0 |
Judith A Fong Trustee | Trustee | 1 | $0 |
Jeanette Ives Erickson Rndnp Trustee | Trustee | 1 | $0 |
Elizabeth Joyce Trustee | Trustee | 1 | $0 |
John Knowles Jr MBA MPH Trustee | Trustee | 1 | $0 |
Oswald Mondejar Trustee Until 6/17/2016 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cb Richard Ellis Real Estate Services | 6/29/16 | $946,193 |
Ellucian Inc Consulting & Technology Services | 6/29/16 | $162,299 |
Lake Contracting Inc Constrction | 6/29/16 | $328,048 |
Wise Construction Corporation Construction | 6/29/16 | $110,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $469,307 |
| Related organizations | $33,250 |
| Government grants | $2,714,558 |
| All other contributions, gifts, grants, and similar amounts not included above | $896,995 |
| Noncash contributions included in lines 1a–1f | $66,408 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,114,110 |
| Total Program Service Revenue | $49,393,652 |
| Investment income | $217,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,842 |
| Net Gain/Loss on Asset Sales | -$1,141,407 |
| Net Income from Fundraising Events | -$101,456 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,545,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,994,083 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,638,919 |
| Compensation of current officers, directors, key employees. | $1,638,919 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,895,788 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,794,432 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,966 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,658,635 |
| Advertising and promotion | $264,497 |
| Office expenses | $962,439 |
| Information technology | $727,922 |
| Royalties | $0 |
| Occupancy | $3,694,055 |
| Travel | $318,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,668 |
| Interest | $104,630 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,336,489 |
| Insurance | $68,563 |
| All other expenses | $0 |
| Total functional expenses | $51,181,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,783,866 |
| Pledges and grants receivable | $2,395,009 |
| Accounts receivable, net | $217,673 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $806,221 |
| Net Land, buildings, and equipment | $23,272,065 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $55,782,188 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,076 |
| Total assets | $90,380,098 |
| Accounts payable and accrued expenses | $3,695,361 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $25,693,737 |
| Total liabilities | $29,389,098 |
| Unrestricted restricted net Assets | $40,271,000 |
| Temporarily restricted net Assets | $8,851,000 |
| Permanently restricted net Assets or current funds | $11,869,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $60,991,000 |
Grants Awarded
Over the last fiscal year, Mass General Brigham Incorporated has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|