Albert Einstein Healthcare Network

Organization Overview

Albert Einstein Healthcare Network is located in Philadelphia, PA. The organization was established in 1984. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2021, Albert Einstein Healthcare Network employed 522 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Albert Einstein Healthcare Network 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 06/2021, Albert Einstein Healthcare Network generated $75.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $79.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 years. 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

SEE SCHEDULE O

Describe the Organization's Program Activity:

THE ALBERT EINSTEIN HEALTHCARE NETWORK PARENT CORPORATION PROVIDES HEALTH EDUCATION; HEALTH PROMOTION AND FUNDRAISING ACTIVITIES; CONDUCTS HEALTH SYSTEM WIDE PLANNING; ESTABLISHES OVERALL GOALS; AND OVERSEES FUND MANAGEMENT. THE ENTITY ALSO PROVIDES ADMINISTRATIVE AND GENERAL SERVICES FOR WHICH ITS RELATED MEMBER ORGANIZATIONS PAY A MANAGEMENT FEE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bates White Llc
Consulting Services
$1,935,178
Deloitte Consulting Llp
Consulting Services
$2,323,137
Hogan Lovells Us Llp
Legal Services
$5,563,804
Harmelin Media
Promotional Services
$3,575,749
Nera Economic Consulting
Consulting Services
$3,467,854
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$73,825,266
Investment income $351,523
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $481,016
Net Gain/Loss on Asset Sales $497,636
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $75,155,441

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Albert Einstein Healthcare Network has recieved totaling $15,400.

Awarding OrganizationAmount
Parkinson Council

Philadelphia, PA

PURPOSE: SALARY SUPPORT FOR FOUR PT, A PT AIDE, AND ADMIN TIME FOR WEEKLY IN-PERSON CLASSES AT TWO LOCATIONS.

$7,900
United Way Of Bergen County

Paramus, NJ

PURPOSE: DONOR DESIGNATION

$7,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,853,448
Earnings$3,694,229
Ending Balance$16,547,677

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