Mass General Brigham Incorporated
- Assets
- $111.0m
- Revenue
- $17.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 11/2010
- Data as of
- 09/2017
- 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.
For the year ending 09/2017, Mass General Brigham Incorporated generated $17.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $13.7m during the year ending 09/2017. As we would expect to see with falling revenues, expenses have declined by (35.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
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 |
|---|---|---|---|
Janis P Bellack Phdrnfaan President And Trustee | OfficerTrustee | 50 | $414,885 |
Alex F Johnson Provost & VP For Academic Affairs | Officer | 50 | $281,398 |
Atlas D Evans VP For Finance And Admin | Officer | 50 | $246,883 |
Jordan R Green Professor | 50 | $235,587 | |
Lisa J Wood Professor | 50 | $204,891 | |
Tiffany P Hogan Professor | 50 | $199,767 |
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 | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $890,404 |
| Investment income | $13,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,961 |
| Net Gain/Loss on Asset Sales | $792,674 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,110,178 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $6,151,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,110,818 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,169 |
| 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 | $627,563 |
| Advertising and promotion | $29,735 |
| Office expenses | $150,917 |
| Information technology | $513,521 |
| Royalties | $0 |
| Occupancy | $1,166,720 |
| Travel | $59,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,206 |
| Interest | $44,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $659,730 |
| Insurance | $15,361 |
| All other expenses | $0 |
| Total functional expenses | $13,749,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,052,146 |
| Savings and temporary cash investments | $2,115,585 |
| Pledges and grants receivable | $505,710 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,607,167 |
| Prepaid expenses and deferred charges | $23,530,594 |
| Investments—publicly traded securities | $72,176,625 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $110,987,827 |
| Accounts payable and accrued expenses | $4,678,675 |
| 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 | $31,058,617 |
| Total liabilities | $35,737,292 |
| Net assets without donor restrictions | $51,941,588 |
| Net assets with donor restrictions | $10,575,355 |
| Capital stock or trust principal, or current funds | $12,733,592 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $75,250,535 |
Grants Awarded
Over the last fiscal year, Mass General Brigham Incorporated has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mass General Brigham Incorporated has recieved totaling $152,087.
| Awarding Organization | Amount |
|---|---|
Amyotrophic Lateral Sclerosis Assn Arlington, VA PURPOSE: MANAGING ALS | $97,087 |
Rsm Us Foundation Davenport, IA PURPOSE: YOUTH EDUCATION, HEALTH, HOUSING, AND/OR HUNGER | $55,000 |
Endowment Analysis
| Beg. Balance | $26,273,798 |
| Earnings | -$968,187 |
| Net Contributions | $204,318 |
| Other Expense | $1,164,376 |
| Ending Balance | $24,345,553 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbiadoctors Newyork-Presbyterian Imaging New York, NY | $48,011,662 | $60,111,009 |
Western Connecticut Health Network Inc Danbury, CT | $607,496,068 | $32,480,212 |
Baystate Health Inc Springfield, MA | $239,302,322 | $40,124,462 |
Harrington Physician Services Inc Southbridge, MA | $5,550,764 | $24,087,781 |
Coastal Medical Physicians Inc Providence, RI | $21,618,026 | $34,586,509 |
Auburn Memorial Medical Services Pc Auburn, NY | $2,235,754 | $24,512,215 |
Rochester Regional Health Rochester, NY | $128,642,293 | $30,753,165 |
Mass General Brigham Incorporated Boston, MA | $81,562,366 | $28,772,720 |
Oak Orchard Community Inc Brockport, NY | $20,165,727 | $27,606,467 |
Upstream Usa Inc Boston, MA | $120,584,353 | $35,269,071 |
Upstate Community Medical P C Syracuse, NY | $6,542,142 | $26,680,338 |
Montefiore Medicine Academic Health System Inc Tarrytown, NY | $16,007,860 | $26,430,573 |