Mass General Brigham Incorporated
- Assets
- $33.3m
- Revenue
- $129.6m
- Investments
- $33.3k
- Employees
- 299
- Location
- Boston, MA
- Founding
- 11/2010
- Data as of
- 09/2018
- EIN
- 22-2658209
Organization Overview
Mass General Brigham Incorporated is located in Boston, MA. The organization was established in 2010. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2018, Mass General Brigham Incorporated employed 299 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mass General Brigham Incorporated 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 09/2018, Mass General Brigham Incorporated generated $129.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $129.0m during the year ending 09/2018. While expenses have increased by 1.5% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
SEE SCHEDULE O.
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Bradley Welling Dir, Chair/pres (until 12/17) | OfficerTrustee | 29 | $1,063,052 |
Joan W Miller Dir Chair/pres (as Of 8/23/18) | OfficerTrustee | 27 | $904,826 |
Alex Grilli Physician | 60 | $867,638 | |
Paul Konowitz Physician | 60 | $852,492 | |
Theresa A Hadlock Physician | 60 | $847,974 | |
Noah Siegel Physician | 60 | $838,468 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Surgisite Boston Laser Services | 9/29/18 | $194,991 |
Cathedral Corporation Printing Svcs | 9/29/18 | $241,309 |
Kelly Audiology Services Inc Audiology Services | 9/29/18 | $159,175 |
Scribeamerica Llc Transcription Svcs | 9/29/18 | $322,660 |
Eagle Graphics Printing Svcs | 9/29/18 | $101,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,191,455 |
| Investment income | $45,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $129,616,534 |
| 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. | $2,561,323 |
| Compensation to disqualified persons | $555,443 |
| Other salaries and wages | $58,124,501 |
| Pension plan accruals and contributions | $5,452,664 |
| Other employee benefits | $4,769,357 |
| Payroll taxes | $2,311,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,387 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,039 |
| Office expenses | $3,192,098 |
| Information technology | $3,298,795 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $749,808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,898 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,132 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $128,977,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,028,881 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,397,591 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $100,833 |
| Notes and loans receivable | $1,014,355 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | -$71,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $33,347 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,734,083 |
| Total assets | $33,300,388 |
| Accounts payable and accrued expenses | $5,143,362 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,667,945 |
| Total liabilities | $13,811,307 |
| Net assets without donor restrictions | $19,489,081 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $19,489,081 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mass General Brigham Incorporated has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $1,256,505,571 | $986,611,618 |
Hartford Health Care Corporation Hartford, CT | $2,668,436,051 | $551,640,424 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Wyckoff Heights Medical Center Brooklyn, NY | $318,132,023 | $364,136,906 |
Albany Medical Center Glens Falls, NY | $356,058,419 | $346,451,670 |
Whidden Memorial Hospital Inc Malden, MA | $90,823,513 | $333,237,018 |
Centerlight Healthcare Inc Flushing, NY | $62,373,058 | $284,939,095 |
Albany Medical Center Saratoga Springs, NY | $380,815,690 | $338,787,899 |
Episcopal Health Services Inc Garden City, NY | $212,973,154 | $303,839,103 |
Mass General Brigham Incorporated Boston, MA | $523,876,840 | $299,721,576 |
Trinity Health Of New England Corporation Inc Hartford, CT | $683,679,706 | $237,315,884 |
Albany Med Health System Albany, NY | $312,546,209 | $222,722,582 |