Mainegeneral Health
- Assets
- $734.4m
- Revenue
- $633.0m
- Investments
- $38.3m
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 08/2006
- Data as of
- 06/2020
- EIN
- 32-0265031
Mainegeneral Health Overview
Mainegeneral Health, operating under the name See Schedule O at Glenridge, is located in Augusta, ME. The organization was established in 2006. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.
For the year ending 06/2020, See Schedule O at Glenridge generated $633.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $584.9m during the year ending 06/2020. While expenses have increased by 3.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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.
MAINEGENERAL RETIREMENT COMMUNITY PROVIDES VARIOUS STAGES OF ASSISTED LIVING SUPPORT TO AN ELDERLY COMMUNITY THROUGH THE GRANITE HILLS ESTATES RETIREMENT COMMUNITY. THE COMMUNITY WAS SOLD ON 11/15/2019.
SEE SCHEDULE O.
SEE SCHEDULE O.
SEE SCHEDULE O.
MAINEGENERAL RETIREMENT COMMUNITY PROVIDES VARIOUS STAGES OF ASSISTED LIVING SUPPORT TO AN ELDERLY COMMUNITY THROUGH THE GRANITE HILLS ESTATES RETIREMENT COMMUNITY. THE COMMUNITY WAS SOLD ON 11/15/2019.
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Mainegeneral Health Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faddy Asslo Physician | 50 | $943,155 | |
George Polkinghorn Physician | 50 | $940,789 | |
Joseph Charpentier Physician | 50 | $738,227 | |
Dan Filitis Physician | 50 | $694,631 | |
Sakdhisapol Katanyutanon Physician | 50 | $691,395 | |
Ian Reight MD Director | Trustee | 1 | $424,848 |
Mainegeneral Health Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maine Dartmouth Family Medicine Residenc Residency Services | 6/29/20 | $17,125,641 |
Allscripts Healthcare Solutions Inc Software Services | 6/29/20 | $5,857,845 |
Kennebec Anesthesia Associates Healthcare Services | 6/29/20 | $5,679,928 |
Escape Velocity Holdings Llc Software Services | 6/29/20 | $2,043,124 |
Terry Garmey & Associates Legal Payment | 6/29/20 | $2,000,000 |
Maine Dartmouth Family Medicine Residenc Residency Services | 6/29/20 | $17,125,641 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $63,228 |
| Membership dues | $0 |
| Fundraising events | $171,621 |
| Related organizations | $252,035 |
| Government grants | $29,918,502 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,143,773 |
| Noncash contributions included in lines 1a–1f | $105,114 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,549,159 |
| Total Program Service Revenue | $538,023,656 |
| Investment income | $2,659,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $834,464 |
| Net Gain/Loss on Asset Sales | $16,077,477 |
| Net Income from Fundraising Events | -$26,146 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,989,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,039,071 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,818,614 |
| Pension plan accruals and contributions | $7,371,602 |
| Other employee benefits | $36,540,893 |
| Payroll taxes | $16,721,338 |
| Fees for services: Management | $27,926,830 |
| Fees for services: Legal | $276,572 |
| Fees for services: Accounting | $40,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $166,999 |
| Fees for services: Other | $37,699,597 |
| Advertising and promotion | $801,161 |
| Office expenses | $1,143,965 |
| Information technology | $22,364,135 |
| Royalties | $0 |
| Occupancy | $15,344,314 |
| Travel | $987,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,265,456 |
| Interest | $19,940,269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,830,084 |
| Insurance | $4,685,933 |
| All other expenses | $15,561,255 |
| Total functional expenses | $584,910,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $615,297 |
| Savings and temporary cash investments | $26,857,012 |
| Pledges and grants receivable | $572,726 |
| Accounts receivable, net | $78,246,051 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,688,262 |
| Prepaid expenses and deferred charges | $10,874,892 |
| Net Land, buildings, and equipment | $380,001,987 |
| Investments—publicly traded securities | $186,994,908 |
| Investments—other securities | $38,339,124 |
| Investments—program-related | $0 |
| Intangible assets | $1,992,935 |
| Other assets | $2,185,281 |
| Total assets | $734,368,475 |
| Accounts payable and accrued expenses | $109,219,975 |
| Grants payable | $0 |
| Deferred revenue | $1,670,502 |
| Tax-exempt bond liabilities | $279,230,392 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,631,031 |
| Unsecured mortgages and notes payable | $2,033,966 |
| Other liabilities | $62,285,035 |
| Total liabilities | $463,070,901 |
| Net assets without donor restrictions | $205,184,137 |
| Net assets with donor restrictions | $66,113,437 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $734,368,475 |
Mainegeneral Health Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mainegeneral Health has recieved totaling $72,870.
| Awarding Organization | Amount |
|---|---|
United Way Of Kennebec Valley Augusta, ME PURPOSE: Community grief support groups, counseling, WIC, harm reduction, hospice support | $33,350 |
University Of Maine Foundation Orono, ME PURPOSE: General | $19,760 |
University Of Maine Foundation Orono, ME PURPOSE: General | $19,760 |
Endowment Analysis
| Beg. Balance | $39,072,660 |
| Earnings | $720,760 |
| Admin Expense | $49,364 |
| Net Contributions | $41,372,492 |
| Other Expense | $1,827,033 |
| Grants | $5,350 |
| Ending Balance | $79,284,165 |
Mainegeneral Health Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mainegeneral Health Augusta, ME | $734,368,475 | $632,989,894 |
Mass General Brigham Incorporated Dover, NH | $524,510,889 | $261,319,708 |
Central Maine Healthcare Corporation Lewiston, ME | $194,409,479 | $85,957,937 |
Mass General Brigham Incorporated Dover, NH | $7,857,187 | $29,893,981 |
Medical Care Development Incorporated Augusta, ME | $12,282,815 | $34,662,731 |
Exeter Health Resources Exeter, NH | $279,880,994 | $18,682,820 |
Mainehealth Cardiology Portland, ME | $0 | $7,043,061 |
St Marys Health System Lewiston, ME | $14,187,441 | $4,242,956 |
Valley Regional Healthcare Inc Claremont, NH | $15,148,627 | $2,524,430 |
Capital Region Health Ventures Corporation Concord, NH | $3,736,219 | $6,880,329 |
New Hampshire Health Care Assoc Pembroke, NH | $493,751 | $1,057,971 |
Exeter Health Resources Inc Self-Insurance Trust Exeter, NH | $5,282,331 | $136,793 |
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