Butler Hospital
- Assets
- $81.1m
- Revenue
- $135.1m
- Investments
- $0.0
- Employees
- 1,112
- Location
- Providence, RI
- Founding
- 08/1919
- Data as of
- 09/2023
- EIN
- 05-0258812
Organization Overview
Butler Hospital is located in Providence, RI. The organization was established in 1919. According to its NTEE Classification (F31) the organization is classified as: Psychiatric Hospitals, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 09/2023, Butler Hospital employed 1,112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Butler Hospital 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 09/2023, Butler Hospital generated $135.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $128.6m during the year ending 09/2023. While expenses have increased by 1.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TREATMENT OF PSYCHIATRIC ILLNESS IN AN ATMOSPHERE OF DIGNITY & RESPECT; TO CONTRIBUTE KNOWLEDGE THROUGH EDUCATION & RESEARCH.
Describe the Organization's Program Activity:
EXPENSES INCURRED IN PROVIDING VARIOUS MEDICALLY NECESSARY PSYCHIATRIC SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Fanale MD Dir-Pres/ceo/cne(term 12/1/22) | OfficerTrustee | 55 | $0 |
F Joseph Iannoni Evp/cfo/cne (term 1/31/23) | Officer | 55 | $0 |
Ghulam Surti MD SVP & Cmo | Officer | 55 | $0 |
Mary Marran President & COO | Officer | 55 | $542,960 |
Kevin Baill MD Director - Med Dir Op Svcs/bh | Trustee | 55 | $0 |
James K Sullivan MD SVP & Cmo (term 12/24/22) | Officer | 55 | $435,059 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Affiliates Dietary/management | 9/29/15 | $1,928,397 |
Brown University Staffing | 9/29/15 | $688,704 |
Ew Burman Inc Maintenance | 9/29/15 | $610,648 |
Phalanx Engineering Inc Building | 9/29/15 | $316,541 |
Warzycha Construction Company Inc Construction | 9/29/15 | $221,973 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $58,475 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $871,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $930,236 |
| Total Program Service Revenue | $128,282,942 |
| Investment income | $936,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,982,929 |
| Net Gain/Loss on Asset Sales | $406,173 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,051,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,500 |
| 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. | $1,558,820 |
| Compensation of current officers, directors, key employees. | $155,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,296,048 |
| Pension plan accruals and contributions | $2,624,591 |
| Other employee benefits | $8,432,066 |
| Payroll taxes | $4,156,519 |
| Fees for services: Management | $17,230,528 |
| 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 | $160,765 |
| Advertising and promotion | $72,550 |
| Office expenses | $3,670,871 |
| Information technology | $3,087 |
| Royalties | $0 |
| Occupancy | $1,639,821 |
| Travel | $111,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $753,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,663,558 |
| Insurance | $2,539,768 |
| All other expenses | $245,211 |
| Total functional expenses | $128,596,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,120 |
| Savings and temporary cash investments | $15,989,064 |
| Pledges and grants receivable | $224,002 |
| Accounts receivable, net | $8,188,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $266,485 |
| Prepaid expenses and deferred charges | $270,758 |
| Net Land, buildings, and equipment | $15,870,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $32,155,465 |
| Intangible assets | $0 |
| Other assets | $8,100,148 |
| Total assets | $81,067,680 |
| Accounts payable and accrued expenses | $8,337,161 |
| Grants payable | $0 |
| Deferred revenue | $265,467 |
| 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 | $2,122,391 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,496,400 |
| Total liabilities | $24,221,419 |
| Net assets without donor restrictions | $33,879,650 |
| Net assets with donor restrictions | $22,966,611 |
| 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 | $81,067,680 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hartford Healthcare Medical Group Specialists Pllc Wethersfield, CT | $145,022,109 | $637,132,371 |
Butler Hospital Providence, RI | $81,067,680 | $135,051,242 |
Emma Pendleton Bradley Hospital East Providence, RI | $146,724,385 | $101,889,009 |
Silver Hill Hospital Inc New Canaan, CT | $71,199,634 | $57,148,443 |
Comprehensive Mental Health Systems North Dartmouth, MA | $3,549,515 | $10,980,174 |
Wellspring Foundation Inc Bethlehem, CT | $6,587,130 | $5,676,810 |
Boston Psychoanalytic Society And Institute Inc Newton Centre, MA | $16,000,808 | $1,411,289 |
Nami Western Massachusetts Inc Holyoke, MA | $13,374 | $0 |