New York Society For The Relief Of Ruptured & Crippled Maintaining, operating under the name Hospital For Special Surgery, is located in New York, NY. The organization was established in 1946. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2019, Hospital For Special Surgery employed 6,551 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Hospital For Special Surgery generated $1.4b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.3b during the year ending 12/2019. While expenses have increased by 6.3% per year over the past 5 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 2014, Hospital For Special Surgery has awarded 53 individual grants totaling $1,400,659. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE THE HIGHEST QUALITY PATIENT CARE, IMPROVE MOBILITY, & ENHANCE THE QUALITY OF LIFE FOR ALL, & ADVANCE THE SCIENCE OF ORTHOPEDIC SURG, RHEUMATOLOGY, & THEIR RELATED DISCIPLINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT CARE: HOSPITAL FOR SPECIAL SURGERY IS COMMITTED TO PROVIDING WORLD-CLASS CARE TO ITS PATIENTS AND HELPING THEM TO REGAIN THEIR MOBILITY, WHILE ALSO ADVANCING RESEARCH INITIATIVES TO EXPLORE AND IMPROVE TREATMENTS FOR ORTHOPEDIC AND RHEUMATOLOGIC CONDITIONS. HOSPITAL FOR SPECIAL SURGERY OPERATED 205 AND 210 STAFFED BEDS AS OF DECEMBER 31, 2019 AND DECEMBER 31, 2018; AND 39 OPERATING ROOMS AS OF DECEMBER 31, 2019 AND DECEMBER 31, 2018. WE PERFORMED 29,645 SURGERIES, AN INCREASE OF 191 OVER THE PRIOR YEAR, WHILE NON-SURGICAL OUTPATIENT VISITS NUMBERED 484,949, 14,342 MORE THAN 2018. HOSPITAL FOR SPECIAL SURGERY PROVIDED INPATIENT CARE TO 15,906 PATIENTS, 134 MORE THAN 2018. OF THOSE IN 2019, 15,660 WERE SURGICAL. TOTAL AMBULATORY SURGICAL CASES NUMBERED 13,985, AN INCREASE OF 4 FROM 2018. THE HOSPITAL HAS A DIVERSE PATIENT POPULATION SERVING THOSE WITH PUBLIC INSURANCE (MEDICARE AND MEDICAID), PRIVATE INSURANCE (VARIOUS PAYORS) AND THE UNINSURED. THE HOSPITAL MAINTAINS A FINANCIAL ASSISTANCE PROGRAM TO ASSIST THOSE THAT CANNOT PAY FOR ITS SERVICES AND PROVIDES NUMEROUS OTHER COMMUNITY BENEFIT PROGRAMS. HOSPITAL FOR SPECIAL SURGERY IS ALSO RECOGNIZED AS A MAGNET HOSPITAL FOR EXCELLENCE IN NURSING CARE. THE HOSPITAL IS RECOGNIZED FOR ITS EXCELLENCE IN PATIENT CARE AND IS CONSISTENTLY RANKED BY U.S. NEWS AND WORLD REPORT IN ITS SPECIALTIES.
RESEARCH: THE RESEARCH DIVISION OF HOSPITAL FOR SPECIAL SURGERY CONTINUED ITS ACTIVITIES IN 2019 TOWARD ENHANCING AND EXPANDING OUR RESEARCH IN MUSCULOSKELETAL DISEASES. RESEARCH AT HOSPITAL FOR SPECIAL SURGERY WORKS TO ADVANCE THE UNDERSTANDING AND TREATMENT OF MUSCULOSKELETAL DISORDERS THROUGH BASIC, TRANSLATIONAL AND CLINICAL RESEARCH AND EDUCATION. THE GOALS ARE TO IDENTIFY GENETIC, ENVIRONMENTAL, CELLULAR, STRUCTURAL AND MOLECULAR MECHANISMS UNDERLYING DISORDERS IMPORTANT IN ORTHOPEDICS, RHEUMATOLOGY AND RELATED DISCIPLINES AND TO DISCOVER EFFECTIVE APPROACHES FOR DIAGNOSIS PREVENTION, AND TREATMENT OF THESE DISORDERS. THE RESEARCH INSTITUTE HAS CREATED PROGRAMMATIC AREAS POISED TO MAKE MAJOR CONTRIBUTIONS TO MUSCULOSKELETAL AND RHEUMATOLOGY HEATH CARE: (1) AUTOIMMUNITY AND RHEUMATIC DISEASES (2) ARTHRITS AND INFLAMMATION (3) SOFT TISSUE REPAIR (4) BONE HEALTH AND SPINE RESTORATION (5) GENOMICS (6) PRECISION MEDICINE AND (7) BIOMECHANICS. AS A RESULT OF STRONG INTRA - AND INTER - PROGRAMMATIC INTERACTIONS, AND THE USE OF SHARED CORE RESOURCES, OUR PORTFOLIO OF INNOVATIVE DISCOVERY AND DEVELOPMENT HAS EXPANDED EXPONENTIALLY. TO PROVIDE THE FINAL COMPONENT NEEDED TO ACHIEVE BENCH-TO BEDSIDE RESEARCH, THE RESEARCH INSTITUTE, IN COLLABORATION WITH CLINICIAN RESEARCHERS HAS CREATED A DISTINGUISHED CLINICAL RESEARCH PROGRAM. THE RESEARCH INSTITUTE IS FUNDED BY AN OPERATING BUDGET OF $48.6 MILLION, SUPPORTED IN PART BY APPROXIMATELY $40.6 MILLION IN EXTRAMURAL FUNDS, INCLUDING $13.7 MILLION FROM FEDERAL GRANTS. THIS RESEARCH RESULTED IN APPROXIMATELY 1,000 PUBLICATIONS FROM 100 BASIC SCIENTISTS AND CLINICAL RESEARCHERS IN 2019. HIGHLIGHTS FOR 2019 INCLUDE: ADVANCING HSS' RESEARCH STRATEGIC PLAN WITH INVESTMENTS IN: 1)SUPPORTING FACULTY WHO REMAIN EXPOSED TO FUNDING UNCERTAINTIES; 2)MENTORING THE NEXT GENERATION OF SCIENTISTS, 3)CONTINUED INITIATIVES TO RETAIN OUR MOST PRODUCTIVE FACULTY, 4)CONTINUED INVESTMENT AND EXPANSION OF THE PRECISION MEDICINE, AND 5) SCIENTIFIC HIGHLIGHTS INCLUDE, AMONG OTHERS: REGENERATIVE MEDICINE; SINGLE CELL SEQUENCING: NEW DISEASE-RELATED CELL TYPES IN RA AND SLE AND HOW THEY RESPOND TO THERAPY; MICROBIOME (GUT BACTERIA) AFFECTS PERIPROSTHETIC JOINT INFECTIONS: NEW THERAPIES; GENOME EDITING (CRISPR): "GENE SWITCHES" THAT CONTROL AUTOIMMUNITY, AND; ENDOTHELIAL CELLS ALTER IMMUNE RESPONSE AND IMPROVE TENDON HEALING.
EDUCATION INSTITUTE: HSS EDUCATION INSTITUTE CONTINUED TO MAKE STRIDES TOWARDS THE MISSION TO BE "THE MOST TRUSTED EDUCATOR" IN THE FIELD OF MUSCULOSKELETAL HEALTH FOR PATIENTS, PHYSICIANS, ALLIED HEALTH PROFESSIONALS AND THE GENERAL PUBLIC. IN 2019 WE STRENGTHENED STRATEGIC PARTNERSHIPS WITH OUR 26 EDUCATION AND ACADEMIC AFFAIRS ADVISORY COMMITTEES AND INSTITUTIONAL PARTNERS, AS WELL AS FURTHERING EXTERNAL COMMUNITY RELATIONS GLOBALLY. THE INSTITUTE TRAINED 45 RESIDENTS, 73 FELLOWS, AND 105 MEDICAL STUDENTS AND TRAINEES WHO SPEND PART OF THE YEAR AT HSS. IN ADDITION, HSS' RESIDENCY PROGRAM HAS BEEN TOP RANKED FOR THE FIVE YEARS BY PHYSICIAN NETWORK DOXIMITY IN BOTH REPUTATION AND RESEARCH OUTPUT. IN 2019, WE ENGAGED NEARLY 165,000 PARTICIPANTS THROUGH CUTTING EDGE EDUCATION PROGRAMS, INCLUDING OUR HSS E-ACADEMY (THE HOSPITAL'S ONLINE LEARNING PLATFORM FOR PROFESSIONALS), ACGME PROGRAMS, CME ACCREDITED ACTIVITIES, BIOSKILLS EDUCATION LABORATORY SESSIONS, GLOBAL PARTNERSHIP INITIATIVES, KIM BARRETT MEMORIAL MEDICAL LIBRARY USERS, AND PUBLIC AND PATIENT EDUCATION PROGRAMS. EI ALSO HOSTED 424 ACADEMIC VISTORS AND CREDENTIALED NEARLY 1,000 PHYSICIANS AND HEALTH CARE PROVIDERS. WE CONTINUE TO SET THE HIGHEST STANDARD WITH OUR ACCME ACCREDITED AND NON-ACCREDITED PROFESSIONAL EDUCATION PROGRAMS. IN 2019, THE EDUCATION INSTITUTE THROUGH ITS POFESSIONAL EDUCATION DEPARTMENT AND HSS E-ACADEMY DELIVERED MORE THAN 250 EDUCATIONAL ACTIVITIES INCLUDING ONSITE COURSES, GRAND ROUNDS, INTERNET LIVE COURSES, INTERNET ENDURING MATERIAL AND JOURNAL-BASED CONTINUING MEDICAL EDUCATION ACTIVITIES RESULTING IN OVER 19,000 LEARNER INTERACTIONS WITH A DIVERSITY OF HEALTHCARE PROFESSIONALS AND TEAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sheeraz Qureshi Associate Attending Physician | 50 | $6,122,573 | |
Bryan Kelly - From 07 Member/surgeon-In-Chief | OfficerTrustee | 74.82 | $5,267,261 |
Answorth Allen Attending Physician | 50 | $3,583,093 | |
Frank Schwab Attending Physician | 50 | $3,506,409 | |
Louis A Shapiro President & Chief Exec Officer | OfficerTrustee | 45.23 | $2,944,114 |
William Ricci Chief Of The Trauma Service | 50 | $2,617,495 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mckinsey Co Consulting | 12/30/19 | $7,335,000 |
Ewing Cole Construction | 12/30/19 | $6,000,392 |
Construction Contractors Of Ny Cor Construction | 12/30/19 | $4,874,708 |
Pm Construction Construction | 12/30/19 | $4,520,614 |
Proskauer Rose Llp Legal Services | 12/30/19 | $4,447,671 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $7,750,316 |
Government grants | $5,261,321 |
All other contributions, gifts, grants, and similar amounts not included above | $60,769,523 |
Noncash contributions included in lines 1a–1f | $874,947 |
Total Revenue from Contributions, Gifts, Grants & Similar | $73,781,160 |
Total Program Service Revenue | $1,219,837,053 |
Investment income | $12,936,051 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $558,000 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $12,304,590 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,375,044,988 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $327,200 |
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. | $22,405,446 |
Compensation of current officers, directors, key employees. | $7,233,830 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $577,646,127 |
Pension plan accruals and contributions | $26,656,200 |
Other employee benefits | $65,546,693 |
Payroll taxes | $33,839,326 |
Fees for services: Management | $12,947,975 |
Fees for services: Legal | $8,358,926 |
Fees for services: Accounting | $376,380 |
Fees for services: Lobbying | $48,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $300,000 |
Fees for services: Other | $23,711,714 |
Advertising and promotion | $20,149,663 |
Office expenses | $29,260,993 |
Information technology | $31,564,139 |
Royalties | $0 |
Occupancy | $64,462,205 |
Travel | $3,470,546 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $9,115,262 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $79,348,994 |
Insurance | $28,514,036 |
All other expenses | $16,846,133 |
Total functional expenses | $1,277,128,475 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $114,042,058 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $46,748,868 |
Accounts receivable, net | $173,772,528 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $15,020,451 |
Inventories for sale or use | $11,620,266 |
Prepaid expenses and deferred charges | $8,449,697 |
Net Land, buildings, and equipment | $604,419,202 |
Investments—publicly traded securities | $430,744,323 |
Investments—other securities | $292,884,183 |
Investments—program-related | $0 |
Intangible assets | $559,000 |
Other assets | $616,837,307 |
Total assets | $2,315,097,883 |
Accounts payable and accrued expenses | $128,619,607 |
Grants payable | $898,393 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $40,270,588 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $193,150,164 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $771,025,592 |
Total liabilities | $1,133,964,344 |
Net assets without donor restrictions | $778,278,350 |
Net assets with donor restrictions | $402,855,189 |
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 | $2,315,097,883 |
Over the last fiscal year, New York Society For The Relief Of Ruptured & Crippled Maintaining has awarded $289,000 in support to 8 organizations.
Grant Recipient | Amount |
---|---|
Atlanta, GA PURPOSE: GENERAL SUPPORT | $165,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Greenwich, CT PURPOSE: GENERAL SUPPORT | $25,000 |
Old Greenwich, CT PURPOSE: GENERAL SUPPORT | $24,000 |
Long Island City, NY PURPOSE: GENERAL SUPPORT | $15,000 |
West Simsbury, CT PURPOSE: GENERAL SUPPORT | $15,000 |
Over the last fiscal year, we have identified 1 grants that New York Society For The Relief Of Ruptured & Crippled Maintaining has recieved totaling $20,513.
Awarding Organization | Amount |
---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,513 |
Beg. Balance | $361,278,693 |
Earnings | $33,455,325 |
Net Contributions | $78,944,694 |
Other Expense | $67,104,863 |
Ending Balance | $406,573,849 |
Organization Name | Assets | Revenue |
---|---|---|
The American Oncologic Hospital Philadelphia, PA | $209,044,246 | $415,428,111 |
Connecticut Childrens Medical Center Hartford, CT | $468,158,242 | $406,852,063 |
Childrens Medical Center Boston, MA | $3,565,462,629 | $310,941,929 |
Deborah Heart & Lung Center Browns Mills, NJ | $133,457,746 | $212,383,762 |
New York Eye & Ear Infirmary New York, NY | $192,266,223 | $163,332,512 |
Calvary Hospital Inc Bronx, NY | $102,670,200 | $131,341,200 |
Hospital For Special Care New Britain, CT | $144,284,237 | $111,070,558 |
Elizabeth Seton Pediatric Center Yonkers, NY | $152,806,844 | $104,370,682 |
Saint Marys Hospital For Children Inc Bayside, NY | $152,654,903 | $105,641,246 |
Good Shepherd Rehabilitation Hosp Allentown, PA | $49,619,773 | $80,348,113 |
Blythedale Childrens Hospital Valhalla, NY | $245,197,443 | $84,706,183 |
Gaylord Hospital Inc Wallingford, CT | $119,095,182 | $95,255,416 |
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