Vassar Brothers Medical Center

Organization Overview

Vassar Brothers Medical Center is located in Poughkeepsie, NY. The organization was established in 1937. 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 09/2021, Vassar Brothers Medical Center employed 2,549 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vassar Brothers 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 09/2021, Vassar Brothers Medical Center generated $744.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $734.7m during the year ending 09/2021. While expenses have increased by 9.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BECOME THE PARTNER-IN-HEALTH FOR THE PEOPLE THROUGHOUT THE CORE REGIONS OF WESTERN CONNECTICUT AND THE HUDSON VALLEY OF NEW YORK THROUGH THE EFFICIENT DELIVERY OF EXCELLENT, INNOVATIVE AND COMPASSIONATE CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INPATIENT SERVICES: PATIENTS ADMITTED FOR ACUTE CARE - NUMBER OF PATIENTS 21,407; NUMBER OF PATIENT DAYS 101,006; THE HOSPITAL PROVIDED APPROXIMATELY $3,343,935 IN UNCOMPENSATED CARE (AT COST) TO THE REGIONS UN-INSURED AND UNDER-INSURED POPULATION.OUTPATIENT SERVICES: EMERGENCY VISITS 37,023; OTHER OUTPATIENT VISITS/PROCEDURES 390,176; THE HOSPITAL PROVIDED APPROXIMATELY $3,927,087 IN UNCOMPENSATED CARE (AT COST) TO THE REGIONS UN-INSURED AND UNDER-INSURED POPULATION.


AFFILIATE RENTAL INCOME:RENTAL INCOME FROM RELATED ORGANIZATIONS FOR SPACE OCCUPIED TO PROVIDE MEDICAL SERVICES.


RESEARCH REVENUE: FOR FY 2021, VASSAR BROTHERS MEDICAL CENTER PARTICIPATED IN 12 RESEARCH STUDIES. NINE OF THESE WERE IN CARDIOLOGY AND THREE WERE IN INFECTIOUS DISEASE. THE MAIN GOAL OF VASSAR BROTHERS MEDICAL CENTER RESEARCH IS TO PROVIDE A SYSTEMATIC INVESTIGATION, INCLUDING RESEARCH DEVELOPMENT, TESTING, AND EVALUATION, DESIGNED TO DEVELOP OR CONTRIBUTE TO GENERALIZABLE KNOWLEDGE. ADDITIONALLY, WE STRIVE TO PARTICIPATE IN SCIENTIFICALLY SIGNIFICANT STUDIES WHICH CAN PROVIDE NOVEL THERAPIES IN ADDITION TO STANDARD CARE. IN INFECTIOUS DISEASE, WE ACCOMPLISHED THIS BY OFFERING 2 NOVEL THERAPIES FOR COVID 19 -ONE OF WHICH RESULTED IN AT LEAST 2 PUBLISHED PAPERS IN MAJOR MEDICAL JOURNALS AND CHANGED THERAPY FOR EARLY COVID 19 TREATMENT. IN CARDIOLOGY, TWO OF OUR INPATIENT STUDIES OFFER THERAPY FOR THOSE PATIENTS WITHOUT OTHER TREATMENT OPTIONS. LONGER TERM GOALS INCLUDE OFFERING CLINICAL TRIALS IN ADDITIONAL THERAPEUTIC AREAS SUCH AS NEUROLOGY.


21 READ PLACE DISTRIBUTION:EXPENSES: 3,374,089 REVENUE: 3,653,127 REFUNDS AND REBATES:EXPENSES: 967,035REVENUE: 1,047,010UROC MANAGEMENT FEE:EXPENSES: 785,478REVENUE: 850,438QUALITY INCENTIVE PROGRAMS:EXPENSES: 387,566 REVENUE: 419,618MED RECORDS, MISC, PURCHASE DISCOUNT:EXPENSES: 594,383REVENUE: 643,538


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$6,671,961
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$92,785
Noncash contributions included in lines 1a–1f $2,995
Total Revenue from Contributions, Gifts, Grants & Similar$6,764,746
Total Program Service Revenue$720,468,117
Investment income $2,358,163
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $988,686
Net Gain/Loss on Asset Sales $6,266,669
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $744,600,234

Grants Awarded

Over the last fiscal year, Vassar Brothers Medical Center has awarded $141,100 in support to 13 organizations.

Grant RecipientAmount

AMERICAN HEART ASSOCIATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: IN SUPPORT OF CARDIOVASCULAR RESEARCH, HEALTH AND WELLNESS

$17,000

AMERICAN CANCER SOCIETY

Org PageRecipient Profile

Kennesaw, GA

PURPOSE: IN SUPPORT OF CANCER CARE AND RESEARCH

$17,000

FAMILY SERVICES INC

Org PageRecipient Profile

Poughkeepsie, NY

PURPOSE: IN SUPPORT OF SERVICES FOR BATTERED WOMEN, CHILDREN AND SERVICES FOR LOCAL AT-RISK YOUTH

$17,000

DUTCHESS COUNTY REGIONAL CHAMBER OF COMMERCE

Org PageRecipient Profile

Poughkeepsie, NY

PURPOSE: IN SUPPORT OF LOCAL ECONOMY AND BUSINESSES

$17,000

Wappingers Falls, NY

PURPOSE: IN SUPPORT OF SERVICES FOR FAMILIES WHO ARE EXPERIENCING THE HARDSHIPS OF A CANCER DIAGNOSIS THROUGH DELIVERY OF MEALS AND SUPPLIES

$13,600

MILES FOR HOPE BREAST CENTER FOUNDATION

Org PageRecipient Profile

Lagrangeville, NY

PURPOSE: IN SUPPORT OF LOCAL FAMILIES AFFECTED BY BREAST CANCER DIAGNOSIS

$13,600
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Vassar Brothers Medical Center has recieved totaling $25,000.

Awarding OrganizationAmount
The William Brown Foundation Inc

New York, NY

PURPOSE: GENERAL

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,190,951
Ending Balance$2,190,951

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