Nyu Langone Hospitals

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 08/2021, Nyu Langone Hospitals employed 27,311 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyu Langone Hospitals 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 08/2020, Nyu Langone Hospitals generated $6.6b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $6.2b during the year ending 08/2020. While expenses have increased by 11.3% 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 2016, Nyu Langone Hospitals has awarded 12 individual grants totaling $5,082,125,033. 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 990 Filing

TAX YEAR

2020

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 LANGONE HOSPITAL - LONG ISLAND ("NYU LONG ISLAND"), 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 93,324 DISCHARGES (EXCLUDING NEWBORNS) AND PROVIDED 1,677,248 OUTPATIENT VISITS (EMERGENCY ROOM - 242,215, CLINICAL CANCER CENTER - 473,975, 114,540 AMBULATORY SURGERY PROCEDURES AND 846,518 OTHER OUTPATIENT VISITS). PATIENTS REMAINED IN-HOUSE ON AVERAGE OF 5.5 DAYS, RESULTING IN 503,540 DAYS OF CARE PROVIDED.ON MARCH 7, 2020, IN RESPONSE TO THE COVID-19 PANDEMIC, THE GOVERNOR OF NEW YORK DECLARED A STATE OF EMERGENCY, AND THE MAYOR OF NEW YORK CITY MADE A SIMILAR EMERGENCY DECLARATION ON MARCH 13, 2020. MEASURES WERE TAKEN BY THE GOVERNMENT TO ADDRESS THE PANDEMIC INCLUDING A MORATORIUM ON ELECTIVE PROCEDURES FROM MARCH 16TH THROUGH JUNE 8TH, 2020 IN NEW YORK CITY AND MARCH 16TH THROUGH MAY 19TH 2020 ON LONG ISLAND. THESE MEASURES ALONG WITH SUPPLEMENTAL COSTS INCURRED, BEGAN TO NEGATIVELY IMPACT THE FINANCIAL PERFORMANCE OF NYULH IN FISCAL YEAR 2020. SINCE THE APRIL 2020 PEAK OF THE PANDEMIC IN THE NEW YORK METROPOLITAN AREA, NYULH'S VOLUME FROM COVID-19 PATIENTS GRADUALLY DECLINED AND AS OF AUGUST 31, 2021, NYULH PATIENT SERVICE REVENUE HAS RETURNED TO PRE-COVID-19 LEVELS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hospital Billing & Collection Service
Consulting
$19,962,840
Aya Healthcare
Staffing
$86,504,525
Rtr Financial Services
Consulting
$16,161,901
Cerner Corporation
Consulting
$13,568,457
Helmsman Management Services Llc
Consulting
$10,747,936
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$151,781,221
Investment income $28,253,463
Tax Exempt Bond Proceeds $186,023
Royalties $366,382
Net Rental Income -$1,522,808
Net Gain/Loss on Asset Sales $25,137,791
Net Income from Fundraising Events -$380,502
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,624,270,478

Grants Awarded

Over the last fiscal year, Nyu Langone Hospitals has awarded $1,091,492,408 in support to 2 organizations.

Grant RecipientAmount

NEW YORK UNIVERSITY - GROSSMAN SCHOOL OF MEDICINE

Org PageRecipient Profile

New York, NY

PURPOSE: SUPPORT CLINICAL, EDUCATIONAL, AND RESEARCH ACTIVITIES OF NYU GROSSMAN SCHOOL OF MEDICINE.

$1,061,853,223

SUNSET PARK HEALTH COUNCIL INC DBA FAMILY HEALTH CENTERS AT NYU LANGONE

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: SUPPORT EDUCATIONAL TRAINING ACTIVITIES AT FAMILY HEALTH CENTERS AT NYU LANGONE.

$29,639,185
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 41 grants that Nyu Langone Hospitals has recieved totaling $7,698,435.

Awarding OrganizationAmount
American Endowment Foundation

Hudson, OH

PURPOSE: GENERAL OPERATING SUPPORT

$2,300,000
Jewish Communal Fund

New York, NY

PURPOSE: GENERAL SUPPORT

$2,165,890
Fink Family Foundation

Saratoga Springs, NY

PURPOSE: GENERAL CHARITABLE PURPOSES

$625,000
Bloomberg Family Foundation Inc

New York, NY

PURPOSE: GENERAL SUPPORT

$500,000
Clarissa And Edgar Bronfman Jr Foundation

New York, NY

PURPOSE: GENERAL CHARITABLE SUPPORT - NO DESIGNATION

$300,000
The Laurie M Tisch Foundation Inc

New York, NY

PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES.

$250,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$126,933,864
Earnings$10,993,795
Admin Expense$137,739
Net Contributions$500,000
Other Expense$80,899,379
Ending Balance$57,390,541

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