Tufts Medical Center Parent Inc

Organization Overview

Tufts Medical Center Parent Inc is located in Boston, MA. The organization was established in 2008. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Tufts Medical Center Parent Inc employed 7,017 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Tufts Medical Center Parent Inc 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, Tufts Medical Center Parent Inc generated $1.2b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.1b during the year ending 09/2021. While expenses have increased by 5.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE STRIVE TO HEAL, TO COMFORT, TO TEACH, TO LEARN, AND TO SEEK THE KNOWLEDGE TO PROMOTE HEALTH AND TO PREVENT DISEASE. OUR PATIENTS AND THEIR FAMILIES ARE AT THE CENTER OF EVERYTHING WE DO. SEE PART III.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TUFTS MEDICAL CENTER, INC. LOCATED IN BOSTON, MA OPERATES A 415 BED ACUTE-CARE GENERAL HOSPITAL ESTABLISHED TO PROVIDE HEALTHCARE SERVICES PRIMARILY IN THE GREATER BOSTON AREA, WHICH ALSO ATTRACTS PATIENTS FROM ELSEWHERE IN NEW ENGLAND AND BEYOND.NEW ENGLAND LONG-TERM CARE, INC. OPERATES AN 80 BED NURSING HOME SPECIALIZING IN THE CARE OF CHILDREN WHO ARE SEVERELY MENTALLY HANDICAPPED AND/OR MULTIPLY PHYSICALLY HANDICAPPED.


TUFTS MEDICAL CENTER, INC. ADMINISTERS PROGRAMS FOR APPROXIMATELY 259 RESIDENTS, 71 INTERNS AND 103 FELLOWS IN 23 SPECIALTIES AND SUBSPECIALTIES WHO ROTATE TO APPROXIMATELY 54 HOSPITALS AND OTHER ORGANIZATIONS LOCATED PRIMARILY IN THE GREATER BOSTON AREA.


TUFTS MEDICAL CENTER, INC. ENGAGES IN RESEARCH ACTIVITIES FUNDED BY GRANTS AND CONTRACTS FOR U.S. GOVERNMENT AGENCIES AND OTHER PRIVATE SOURCES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pratt Anesthesiology Association Inc
Physician Services
$12,563,835
Pratt Medical Group Inc
Physician Services
$11,768,437
Medical Solutions
Nursing Services
$6,903,340
Trimedx Inc
Management Services
$5,263,794
Pratt Pediatric Associates
Physician Services
$5,175,689
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$877,271
Related organizations$0
Government grants $42,424,954
All other contributions, gifts, grants, and similar amounts not included above$15,587,185
Noncash contributions included in lines 1a–1f $554,334
Total Revenue from Contributions, Gifts, Grants & Similar$58,889,410
Total Program Service Revenue$1,070,084,108
Investment income $2,452,070
Tax Exempt Bond Proceeds $0
Royalties $8,391,499
Net Rental Income $991,505
Net Gain/Loss on Asset Sales $72,865,066
Net Income from Fundraising Events -$73,188
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,213,600,470

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Tufts Medical Center Parent Inc has recieved totaling $128,531.

Awarding OrganizationAmount
Good360

Alexandria, VA

PURPOSE: TO ASSIST THOSE IN NEED

$99,750
New York Medical College

Valhalla, NY

PURPOSE: RESEARCH

$22,327
Northwestern University

Evanston, IL

PURPOSE: Support of research activities

$6,454
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,832,000
Earnings$120,000
Net Contributions$391,000
Other Expense$15,000
Ending Balance$7,328,000

Peer Organizations

Organization NameAssets
Southcoast Hospitals Group Inc
New Bedford, MA
$959,620,935
Physician Affiliate Group Of New York Pc
New York, NY
$838,367,537
South Shore University Hospital
Westbury, NY
$780,287,744
St Barnabas Hospital
Bronx, NY
$489,229,934
Svmc Holdings Inc
Bridgeport, CT
$429,886,007
Richmond Medical Center
Staten Island, NY
$376,664,767
Winchester Hospital
Winchester, MA
$324,184,704
St Catherine Of Siena Medical Center
Smithtown, NY
$269,380,631
Plainview Hospital
Westbury, NY
$271,692,027
Kings Physician Services Pc
Brooklyn, NY
$152,167,067
Lrghealthcare
Manchester, NH
$184,765,489
Glen Cove Hospital
Westbury, NY
$195,211,867

Create an account to unlock the data you need.

or