Nyu Langone Hospitals
- Assets
- $7.7b
- Revenue
- $5.0b
- Investments
- $240.1m
- Employees
- 18,285
- Location
- New York, NY
- Founding
- 05/1998
- Data as of
- 08/2019
- EIN
- 13-3971298
Organization Overview
Nyu Langone Hospitals is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 08/2019, Nyu Langone Hospitals employed 18,285 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 08/2019, Nyu Langone Hospitals generated $5.0b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $4.6b during the year ending 08/2019. While expenses have increased by 7.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE NYU LANGONE HOSPITALS' MISSION IS: COMMITTED TO MAKING WORLD-CLASS CONTRIBUTIONS THAT PLACE SERVICE TO HUMAN HEALTH AT THE CENTER OF AN ACADEMIC CULTURE DEVOTED TO EXCELLENCE IN RESEARCH, PATIENT CARE, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE ONYU LANGONE HOSPITALS ("HOSPITALS") OWNS AND OPERATES FIVE INPATIENT ACUTE CARE FACILITIES AND OVER 35 AMBULATORY FACILITIES IN MANHATTAN, BROOKLYN, AND LONG ISLAND. THE MANHATTAN INPATIENT FACILITIES ARE THE KIMMEL PAVILION (WHICH ALSO HOUSES THE HASSENFELD CHILDREN'S HOSPITAL) AND TISCH HOSPITAL, LOCATED ON THE MAIN CAMPUS AT FIRST AVENUE AND EAST 34TH STREET WITH 844 LICENSED BEDS; NYU LANGONE ORTHOPEDIC HOSPITAL ("NYU ORTHOPEDICS"), A 225-BED FACILITY SPECIALIZING IN ORTHOPEDIC, NEUROLOGIC, AND RHEUMATOLOGIC SERVICES; NYU LANGONE HOSPITAL-BROOKLYN ("NYU BROOKLYN"), A 444-BED FACILITY IN THE SUNSET PARK SECTION OF BROOKLYN; AND NYU WINTHROP HOSPITAL ("WINTHROP"), A 591-BED FACILITY LOCATED IN MINEOLA, NEW YORK. AMBULATORY FACILITIES INCLUDE THE LAURA AND ISAAC PERLMUTTER CANCER CENTER ("CANCER CENTER"), THE AMBULATORY CARE CENTER, THE OUTPATIENT SURGERY CENTER, THE ORTHOPEDIC CENTER, A FREE-STANDING EMERGENCY DEPARTMENT IN THE COBBLE HILL SECTION OF BROOKLYN, THE BROOKLYN ENDOSCOPY AND AMBULATORY SURGERY CENTER IN THE MIDWOOD SECTION OF BROOKLYN AND LEVIT MEDICAL, A DIAGNOSTIC AND TREATMENT FACILITY WITH THREE LOCATIONS IN BROOKLYN.HOSPITALS HAD 100,682 DISCHARGES AND PROVIDED 1,659,163 OUTPATIENT VISITS (EMERGENCY ROOM - 284,599, CLINICAL CANCER CENTER - 405,062, 98,380 AMBULATORY SURGERY PROCEDURES AND 871,122 OTHER OUTPATIENT VISITS). PATIENTS REMAINED IN-HOUSE ON AVERAGE OF 4.9 DAYS, RESULTING IN 492,653 DAYS OF CARE PROVIDED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Cerfolio MD MBA SVP Chief Of Hosp Ops | Officer | 47 | $1,798,674 |
Robert I Grossman MD Ex-Officio, Dean & CEO | OfficerTrustee | 30 | $1,712,563 |
Robert A Press MD PHD Former SVP Chief Of Hosp Ops | 0 | $1,337,130 | |
Abraham Chachoua Assoc. Dir. Cancer Svcs. | 49.7 | $1,269,063 | |
Michael T Burke Former Svp/vice Dean, CFO | 0 | $1,106,524 | |
Bret Rudy Svp, Nyu Langone Hospital - Bklyn | 60 | $909,516 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rtr Financial Services Consulting | 8/30/19 | $16,198,199 |
Hospital Billing & Collection Service Consulting | 8/30/19 | $16,050,007 |
Aya Healthcare Staffing | 8/30/19 | $15,609,059 |
Turner Construction Co Construction | 8/30/19 | $12,218,038 |
Fidelus Technologies Consulting | 8/30/19 | $8,665,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,795,665 |
| Investment income | $22,610,068 |
| Tax Exempt Bond Proceeds | $2,399 |
| Royalties | $338,112 |
| Net Rental Income | -$5,135,460 |
| Net Gain/Loss on Asset Sales | $6,953,609 |
| Net Income from Fundraising Events | -$272,967 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,997,916,926 |
| 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. | $8,329,847 |
| Compensation to disqualified persons | $3,459,656 |
| Other salaries and wages | $1,469,642,721 |
| Pension plan accruals and contributions | $109,463,002 |
| Other employee benefits | $318,539,445 |
| Payroll taxes | $100,883,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,274,999 |
| Fees for services: Accounting | $2,493,861 |
| Fees for services: Lobbying | $841,888 |
| Fees for services: Fundraising | $1,117,717 |
| Fees for services: Investment Management | $291,104 |
| Fees for services: Other | $144,872,126 |
| Advertising and promotion | $22,183,136 |
| Office expenses | $65,198,911 |
| Information technology | $89,745,060 |
| Royalties | $0 |
| Occupancy | $160,642,964 |
| Travel | $4,337,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,790,009 |
| Interest | $93,228,459 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $312,182,964 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,604,940,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,464 |
| Savings and temporary cash investments | $1,203,775,809 |
| Pledges and grants receivable | $46,343,452 |
| Accounts receivable, net | $808,185,584 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $114,956,266 |
| Prepaid expenses and deferred charges | $130,309,992 |
| Investments—publicly traded securities | $341,003,988 |
| Investments—other securities | $240,081,917 |
| Investments—program-related | $0 |
| Intangible assets | $52,497,597 |
| Other assets | $234,027,272 |
| Total assets | $7,749,093,233 |
| Accounts payable and accrued expenses | $678,120,299 |
| Grants payable | $0 |
| Deferred revenue | $262,717,735 |
| Tax-exempt bond liabilities | $498,913,582 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,969,093,825 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,332,044,215 |
| Total liabilities | $4,740,889,656 |
| Net assets without donor restrictions | $2,901,035,830 |
| Net assets with donor restrictions | $85,616,014 |
| Capital stock or trust principal, or current funds | $21,551,733 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,008,203,577 |
Grants Awarded
Over the last fiscal year, Nyu Langone Hospitals has awarded $913,467,371 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SUPPORT CLINICAL, EDUCATIONAL, AND RESEARCH ACTIVITIES OF NYU SCHOOL OF MEDICINE. | $882,312,690 |
Brooklyn, NY PURPOSE: SUPPORT EDUCATIONAL TRAINING ACTIVITIES AT FAMILY HEALTH CENTERS AT NYU LANGONE. | $31,154,681 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Nyu Langone Hospitals has recieved totaling $3,284,691.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: General support | $2,257,691 |
Fink Family Foundation Saratoga Springs, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $625,000 |
Edward John And Patricia Rosenwald Foundation New York, NY PURPOSE: GENERAL SUPPORT | $370,000 |
The Disability Fund Inc Rockville Centre, NY PURPOSE: EDUCATION/SOCIALIZATION/SPORTS | $10,000 |
Rothfeld Family Foundation Inc Royal Palm Beach, FL PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $10,000 |
Rothfeld Family Foundation Inc Royal Palm Beach, FL PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE | $10,000 |
Endowment Analysis
| Beg. Balance | $30,602,661 |
| Earnings | $3,287,950 |
| Admin Expense | $291,104 |
| Net Contributions | $72,758,263 |
| Other Expense | $1,202,045 |
| Ending Balance | $105,155,725 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southcoast Hospitals Group Inc New Bedford, MA | $1,213,595,255 | $936,796,802 |
Physician Affiliate Group Of New York Pc New York, NY | $43,916,366 | $787,911,025 |
Capital Health System Inc Trenton, NJ | $918,521,088 | $733,246,383 |
South Shore University Hospital Westbury, NY | $465,657,019 | $728,270,879 |
Svmc Holdings Inc Bridgeport, CT | $272,750,174 | $429,886,007 |
St Barnabas Hospital Bronx, NY | $390,221,434 | $434,526,701 |
Richmond Medical Center Staten Island, NY | $296,789,651 | $359,868,185 |
Trinitas Regional Medical Center A New Jersey Nonprofit Corporation Elizabeth, NJ | $444,293,804 | $324,505,436 |
Holy Spirit Hospital Of The Sisters Of Christian Charity Hershey, PA | $95,423,962 | $326,188,059 |
Barnabas Health Medical Group P C West Orange, NJ | $73,493,992 | $290,297,174 |
St Joseph Regional Health Network Reading, PA | $158,961,290 | $261,470,847 |
Winchester Hospital Winchester, MA | $449,193,408 | $287,832,966 |