Mary Imogene Bassett Hospital

Organization Overview

Mary Imogene Bassett Hospital, operating under the name Bassett Medical Center, is located in Cooperstown, NY. The organization was established in 1934. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Bassett Medical Center employed 4,445 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bassett Medical Center 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 12/2021, Bassett Medical Center generated $653.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $649.1m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MARY IMOGENE BASSETT HOSPITAL IS A RURAL ACADEMIC MEDICAL CENTER COMMITTED TO PROVIDING EXCELLENCE IN HEALTH CARE SERVICES, EDUCATING PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS, AND PURSUING HEALTH RESEARCH.

Describe the Organization's Program Activity:

INPATIENT AND OUTPATIENT SERVICES PROVIDED TO OUR PATIENTS RESULTED IN:11,040 HOSPITALIZATIONS (INCLUSIVE OF OPEN HEART SURGERIES)54,166 PATIENT DAYS591,170 CLINIC VISITS13,509 EMERGENCY VISITS8,018 SURGICAL CASES


COMMUNITY INVOLVEMENT HAS BEEN LINKED TO BASSETT'S MISSION AND VALUES SINCE IT FIRST OPENED IN 1921. WHETHER IT IS STRENGTHENING OUR COMMUNITY RELATIONSHIPS FOR HEALTH AND WELLNESS, COMMUNICATING IDEAS FOR IMPROVING OUR SERVICES TO OUR REGION, OR PROVIDING A FORUM FOR BASSETT TO LEARN AND LISTEN, WE ARE WORKING WITH OUR COMMUNITY TO IMPROVE THE QUALITY OF LIFE OF THE PEOPLE OF OUR REGION. OUR COMMUNITY SERVICES PROGRAM PROVIDES FREE SERVICES TO PERSONS WHO CANNOT AFFORD TO PAY, WHO DO NOT QUALIFY FOR MEDICAID, AND WHO FALL WITHIN THE ESTABLISHED INCOME GUIDELINES. IN 2021 WE PROVIDED $2,251,964 IN FREE CARE. BASSETT'S COMMUNITY HEALTH EDUCATION PROGRAMS INCLUDE LECTURES, PRESENTATIONS, HEALTH FAIRS, AND OTHER GROUP PROGRAMS IN ADDITION TO THE CLINICAL AND DIAGNOSTIC SERVICES OFFERED. CLINICAL SERVICES OFFERED INCLUDES SCREENINGS, HEALTH TESTS AND HEALTH RISK APPRAISALS INCLUDING BLOOD PRESSURE, LIPID PROFILE, CHOLESTEROL SCREENINGS, CARDIOLOGY RISK FACTOR SCREENINGS, AND ALL CANCER SCREENINGS. OUR COMMUNITY BUILDING ACTIVITIES INCLUDE PHILANTHROPIC SUPPORT FOR HEALTH INITIATIVES AND COMMUNITY HEALTH AND WELFARE PROJECTS INCLUDING PROMOTING HEALTHY LIFESTYLES, DISEASE PREVENTION, AND COMMUNITY AWARENESS INITIATIVES. OUR DOORS ARE OPEN 24 HOURS A DAY, 7 DAYS A WEEK, 365 DAYS A YEAR. WE ARE PROUD TO PROVIDE CARE TO OUR COMMUNITIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Optum Insight
Revenue Cycle & It
$24,372,461
Mccarthy
Engineer
$5,202,153
Mayo Medical Labs
Lab Services
$4,589,643
Sodexo
Dietary Services
$2,887,497
Epic Systems
It Services
$2,756,618
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$3,823,051
Government grants $44,119,424
All other contributions, gifts, grants, and similar amounts not included above$2,288,312
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$50,230,787
Total Program Service Revenue$602,425,387
Investment income $866,006
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $214,368
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $653,736,548

Grants Awarded

Over the last fiscal year, Mary Imogene Bassett Hospital has awarded $14,501 in support to 2 organizations.

Grant RecipientAmount

AMERICAN CANCER SOCIETY

Org PageRecipient Profile

Kennesaw, GA

PURPOSE: SUPPORT

$7,500

AMERICAN HEART ASSOCIATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: SUPPORT

$7,001
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 16 grants that Mary Imogene Bassett Hospital has recieved totaling $22,111,212.

Awarding OrganizationAmount
Scriven Foundation

New York, NY

PURPOSE: EMPLOYEE APPRECIATION AND RECRUITMENT PROGRAM

$12,325,923
Friends Of Bassett Inc

Cooperstown, NY

PURPOSE: SUPPORT

$3,823,051
Clark Foundation

New York, NY

PURPOSE: CAPITAL SUPPORT

$3,593,604
Clark Foundation

New York, NY

PURPOSE: CONSTRUCTION GRANT

$1,406,396
Clark Foundation

New York, NY

PURPOSE: SCHOOL BASED HEALTH PROGRAM

$200,000
Clark Foundation

New York, NY

PURPOSE: SCHOOL BASED HEALTH PROGRAM

$200,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,671,115
Net Contributions$19,072
Ending Balance$14,690,187

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