Beth Israel Deaconess Hospital - Needham Inc

Organization Overview

Beth Israel Deaconess Hospital - Needham Inc is located in Needham, MA. The organization was established in 1994. 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, Beth Israel Deaconess Hospital - Needham Inc employed 961 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beth Israel Deaconess Hospital - Needham 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, Beth Israel Deaconess Hospital - Needham Inc generated $126.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $120.6m during the year ending 09/2021. While expenses have increased by 6.3% 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 2019, Beth Israel Deaconess Hospital - Needham Inc has awarded 30 individual grants totaling $998,118. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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Describe the Organization's Program Activity:

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Board, Officers & Key Employees

Name (title)Compensation
Mcsweeney MD Gregory
Cmo
$345,017
Hoffmann Nancy
CFO & Asst Treasurer
$300,994
Burke Robert
Physician Assistant
$275,905
Davidson RN Kathleen
Cno, COO
$260,403
Welch Julie A
Vice President, Hr
$189,587
Alfieri Diane
Registered Nurse
$185,844

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bidmc
Payroll, Purchased, Medical And Manageme
$48,876,175
Harvard Med Faculty Phys (Hmfp)
Physicians Services
$4,632,884
Beth Israel Lahey Health Inc
Purchased And Management Svs
$4,054,012
Bond Bros Inc
Contractor Services
$2,765,831
Neurocare Inc
Medical Services
$1,637,954
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$192,389
Related organizations$0
Government grants $220,470
All other contributions, gifts, grants, and similar amounts not included above$5,475,382
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,888,241
Total Program Service Revenue$119,541,878
Investment income $48,132
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $9,186
Net Gain/Loss on Asset Sales $1,025,269
Net Income from Fundraising Events $38,471
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $126,877,037

Grants Awarded

Over the last fiscal year, Beth Israel Deaconess Hospital - Needham Inc has awarded $811,133 in support to 21 organizations.

Grant RecipientAmount

BETH ISRAEL DEACONESS HEALTHCARE

Org PageRecipient Profile

Needham, MA

PURPOSE: COMMUNITY SUPPORT

$597,438

RIVERSIDE COMMUNITY CARE

Org PageRecipient Profile

Dedham, MA

PURPOSE: SUPPORT FOR COMMUNITY MENTAL HEALTH

$64,000

TOWN OF NEEDHAM

PURPOSE: SUPPORT FOR TOWNWIDE EDUCATION, HEALTH SUPPLIES AND MENTAL HEALTH SUPPORT

$37,885

Needham, MA

PURPOSE: COMMUNITY SUPPORT

$10,000

NEEDHAM COMMUNITY FARM

Org PageRecipient Profile

Needham, MA

PURPOSE: COMMUNITY SUPPORT

$8,000

NEEDHAM PUBLIC HEALTH

PURPOSE: COMMUNITY SUPPORT

$8,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Beth Israel Deaconess Hospital - Needham Inc has recieved totaling $39,063.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$23,100
Roger M & Michelle S Marino Charitable Foundation 12-94

Naples, FL

PURPOSE: TO SUPPORT THE COMMUNITY

$10,000
Goldenson-Arbus Foundation Inc

Mount Kisco, NY

PURPOSE: NEEDHAM ANNUAL FUND

$2,500
The Paul And Phyllis Fireman Charitable Foundation

Waltham, MA

PURPOSE: FOR DONEE'S EXEMPT PURPOSE

$2,400
Hy And Greta Berkowitz Foundation

Dedham, MA

PURPOSE: ANNUAL SUPPORT

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$63
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,617,242
Earnings$733,262
Net Contributions$5,393,917
Other Expense$2,236,807
Ending Balance$10,507,614

Peer Organizations

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