Berkshire Faculty Services Inc
- Assets
- $16.2m
- Revenue
- $58.4m
- Investments
- $0.0
- Employees
- 366
- Location
- Pittsfield, MA
- Founding
- 04/1989
- Data as of
- 09/2021
- EIN
- 04-2995053
Organization Overview
Berkshire Faculty Services Inc is located in Pittsfield, MA. The organization was established in 1989. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 09/2021, Berkshire Faculty Services Inc employed 366 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berkshire Faculty Services 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, Berkshire Faculty Services Inc generated $58.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $71.2m during the year ending 09/2021. While expenses have increased by 5.4% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE HEALTH & WELLNESS OF OUR COMMUNITY IN A WELCOMING, INCLUSIVE & PERSONALIZED ENVIRONMENT.
Describe the Organization's Program Activity:
PROVIDING MEDICAL EDUCATION AND MEDICAL SERVICES THROUGH DULYQUALIFIED AND LICENSED PHYSICIANS, NURSES, AND SUPPORT PERSONNELFOR THE BENEFIT OF BERKSHIRE MEDICAL CENTER, INC. AND AFFILIATEDORGANIZATIONS. BERKSHIRE FACULTY SERVICES EMPLOYS FACULTYMEMBERS OF THE UNIVERSITY OF MASSACHUSETTS MEDICAL SCHOOL ANDBERKSHIRE MEDICAL CENTER TO PROVIDE MEDICAL CARE TO PATIENTS ATBERKSHIRE MEDICAL CENTER; SUCH PATIENT CARE IS AN INTEGRAL PART OFTHE CLINICAL INSTRUCTION PROVIDED FOR MEDICAL STUDENTS ANDRESIDENTS. BMC PROVIDES SUCH CLINICAL INSTRUCTION AS A NECESSARYPART OF THE EDUCATIONAL PROCESS FOR UNIVERSITY OF MASSACHUSETTSMEDICAL SCHOOL MEDICAL STUDENTS AND ACCEPTED PARTICIPANTS INBERKSHIRE MEDICAL CENTER'S RESIDENCY PROGRAM. IN CONNECTION WITHTHE PATIENT CARE IT PROVIDES, BERKSHIRE FACULTY SERVICES BILLS THEPATIENTS OR THIRD-PARTY PAYORS, PAYS ITS EMPLOYEES SALARIES ANDOTHER OPERATING EXPENSES, AND TO THE EXTENT POSSIBLE, PROVIDESCONTRIBUTIONS TO BERKSHIRE MEDICAL CENTER IN SUPPORT OF ITSEDUCATIONAL AND RESEARCH MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Demaggio Physician | 50 | $908,350 | |
Jason Bratcher Physician | 50 | $681,764 | |
Joseph Emrich Physician | 50 | $635,009 | |
Steven F Will Physician | 50 | $629,882 | |
Gaurav Jain Physician | 50 | $614,972 | |
David E Phelps President | OfficerTrustee | 8.75 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hayes Locums Llc Medical Staffing | 9/29/21 | $1,405,357 |
Weatherby Locums Inc Medical Staffing | 9/29/21 | $1,029,806 |
Berkshire Healthcare Systems Mgt Services | 9/29/21 | $499,417 |
Berkshire Medical Managment Services Mgt Services | 9/29/21 | $312,747 |
Henry Schein Inc Medical Supplies | 9/29/21 | $288,673 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,886,057 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,886,057 |
| Total Program Service Revenue | $52,516,213 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,402,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Other salaries and wages | $46,660,024 |
| Pension plan accruals and contributions | $1,517,322 |
| Other employee benefits | $3,254,170 |
| Payroll taxes | $2,681,532 |
| Fees for services: Management | $5,780,023 |
| Fees for services: Legal | $0 |
| 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 | $337,530 |
| Advertising and promotion | $280 |
| Office expenses | $692,712 |
| Information technology | $6,437 |
| Royalties | $0 |
| Occupancy | $477,301 |
| Travel | $12,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,023,036 |
| All other expenses | $336,157 |
| Total functional expenses | $71,239,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,960,465 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,502,474 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $145,737 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $121,972 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,436,508 |
| Total assets | $16,167,156 |
| Accounts payable and accrued expenses | $7,345,365 |
| Grants payable | $0 |
| Deferred revenue | $162,776 |
| 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 | $8,659,015 |
| Total liabilities | $16,167,156 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $16,167,156 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Berkshire Faculty Services Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: FOR N2N RESOURCE COORDINATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Department Of Medicine Medical Serv Grp At Suny Hlth Sci Ctr At Syr In Syracuse, NY | $34,959,788 | $114,730,981 |
Common Wealth Clinical Alliance Inc Boston, MA | $145,104,803 | $101,479,734 |
Brown Medicine Providence, RI | $89,415,313 | $97,515,476 |
Berkshire Faculty Services Inc Pittsfield, MA | $16,167,156 | $58,402,270 |
Sturdy Memorial Associates Inc Attleboro, MA | $19,705,224 | $68,098,558 |
Hallmark Health Medical Associates Inc Medford, MA | $10,734,913 | $53,080,416 |
Brown Emergency Medicine Providence, RI | $33,521,686 | $72,293,129 |
University Orthopaedic Services Inc Cheektowaga, NY | $19,231,150 | $67,345,608 |
Natchaug Hospital Inc Mansfield Center, CT | $22,707,935 | $46,468,531 |
Uphams Corner Health Committee Inc Dorchester, MA | $23,283,775 | $48,958,688 |
Faculty Practice Foundation Inc Boston, MA | $98,365,059 | $45,984,440 |
University Surgical Associates Inc Rumford, RI | $57,102,663 | $42,930,028 |