Mass General Brigham Incorporated
- Assets
- $5.8b
- Revenue
- $1.3b
- Investments
- $1.1b
- Employees
- 7,428
- Location
- Somerville, MA
- Founding
- 11/2010
- Data as of
- 09/2018
- EIN
- 04-3230035
Mass General Brigham Incorporated 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. As of 09/2018, Mass General Brigham Incorporated employed 7,428 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes.
For the year ending 09/2018, Mass General Brigham Incorporated generated $1.3b in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.2b during the year ending 09/2018. While expenses have increased by 0.0% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
PATIENT CARE, TEACHING, RESEARCH AND SERVING THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
Do You Work With Nonprofits?Intellispect helps service providers identify nonprofit prospects and make contact with decision makers.
Mass General Brigham Incorporated Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David F Torchiana MD President & CEO | Officer | 50 | $6,075,834 |
Peter K Markell Treasurer | Officer | 50 | $5,293,969 |
John R Barker Chief Investment Officer | Officer | 50 | $2,747,470 |
Gregg S Meyer MD Chief Clinical Officer | Officer | 50 | $1,403,206 |
Joseph Cabral Chief Hr Officer (until 12/14/17) | Officer | 50 | $1,334,641 |
Elizabeth L Baldwin Portfolio Manager | 50 | $1,212,912 |
Mass General Brigham Incorporated Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accenture Llp Consulting Services | 9/29/18 | $36,768,052 |
Randstad Staffing Services | 9/29/18 | $21,220,517 |
Suffolk Construction Co Construction Services | 9/29/18 | $17,390,032 |
Health Catalyst Technology Services | 9/29/18 | $3,275,531 |
Mckinsey & Co Inc Consulting Services | 9/29/18 | $24,070,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,715,358 |
| Investment income | $8,912,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $139,975 |
| Net Rental Income | $582,709 |
| Net Gain/Loss on Asset Sales | $152,859,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,319,609,417 |
| 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. | $19,500,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,438,890 |
| Pension plan accruals and contributions | $41,978,924 |
| Other employee benefits | $67,892,075 |
| Payroll taxes | $33,723,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,516,521 |
| Fees for services: Accounting | $1,572,400 |
| Fees for services: Lobbying | $436,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,889,988 |
| Advertising and promotion | $1,642,118 |
| Office expenses | $17,787,826 |
| Information technology | $95,427,750 |
| Royalties | $0 |
| Occupancy | $17,800,670 |
| Travel | $2,140,384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $397,886 |
| Interest | $205,092,929 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,975,065 |
| Insurance | $1,487,805 |
| All other expenses | $0 |
| Total functional expenses | $1,178,509,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$70,748,306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,143,832 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,723,220,108 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,414,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,114,036,987 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $203,910,725 |
| Total assets | $5,788,383,697 |
| Accounts payable and accrued expenses | $874,315,649 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,431,371,716 |
| 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 | $1,968,240,705 |
| Total liabilities | $6,273,928,070 |
| Net assets without donor restrictions | -$486,823,449 |
| Net assets with donor restrictions | $129,076 |
| Capital stock or trust principal, or current funds | $1,150,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$485,544,373 |
Mass General Brigham Incorporated Grants Awarded
Over the last fiscal year, Mass General Brigham Incorporated has awarded $62,987,221 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: EXEMPT AFFILIATE SUPPORT | $20,302,101 |
Somerville, MA PURPOSE: EXEMPT AFFILIATE SUPPORT | $16,799,999 |
Cambridge, MA PURPOSE: COMMUNITY BENEFIT PROGRAM | $9,117,502 |
Somerville, MA PURPOSE: EXEMPT AFFILIATE SUPPORT | $4,669,491 |
Somerville, MA PURPOSE: EXEMPT AFFILIATE SUPPORT | $4,000,000 |
Dover, NH PURPOSE: EXEMPT AFFILIATE SUPPORT | $1,797,000 |
Mass General Brigham Incorporated Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mass General Brigham Incorporated has recieved totaling $182,910.
| Awarding Organization | Amount |
|---|---|
Izumi Foundation Boston, MA PURPOSE: TO REDUCE PEDIATRIC MORBIDITY AND MORTALITY IN SOUTHWESTERN UGANDA BY MAINTAINING AND EXPAND ACTIVITIES THAT HAVE BEEN SUPPORTED BY PREVIOUS GRANTS, AS WELL AS INCORPORATING NEW OBJECTIVES; SUPPLIES, EQUIPMENT, MEDICATIONS, AND TRAINING FOR MBARARA HOSPITAL;COVID-19 PREVENTION RESOURCES FOR MBARARA HOSPITAL, INCLUDING BOTH STAFF AND PATIENTS; NEEDED RESOURCES FOR CHILDHOOD NUTRITION AND PEDIATRIC DEPARTMENT | $161,000 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $11,585 |
Cape Cod Foundation Inc South Yarmouth, MA PURPOSE: GENERAL SUPPORT | $10,325 |
Endowment Analysis
| Beg. Balance | $9,793,133 |
| Earnings | $669,855 |
| Net Contributions | $276,966 |
| Other Expense | $426,580 |
| Ending Balance | $10,313,374 |
Mass General Brigham Incorporated Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $1,248,997,758 | $942,659,073 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $214,623,748 | $580,223,064 |
Hartford Health Care Corporation Hartford, CT | $2,012,085,823 | $419,246,803 |
Centerlight Healthcare Inc Bronx, NY | $97,909,506 | $335,121,890 |
Albany Medical Center Glens Falls, NY | $265,741,933 | $347,789,681 |
Wyckoff Heights Medical Center Brooklyn, NY | $227,448,475 | $329,361,591 |
Albany Medical Center Saratoga Springs, NY | $380,815,690 | $338,787,899 |
Yourcare Health Plan Inc Pittsford, NY | $70,769,583 | $281,187,378 |
Mass General Brigham Incorporated Boston, MA | $523,876,840 | $299,721,576 |
Hartford Healthcare Medical Group Inc Wethersfield, CT | $96,736,126 | $287,328,473 |
Episcopal Health Services Inc Garden City, NY | $148,483,460 | $260,042,522 |
Trinity Health Of New England Corporation Inc Hartford, CT | $658,047,910 | $251,840,818 |
Create a Free Account