Mass General Brigham Incorporated
- Assets
- $10.2m
- Revenue
- $752.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Dover, NH
- Founding
- 11/2010
- Data as of
- 09/2017
- EIN
- 51-0491062
Organization Overview
Mass General Brigham Incorporated is located in Dover, NH. 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. 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 09/2017, Mass General Brigham Incorporated generated $752.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $583.8k during the year ending 09/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
PHILANTHROPIC FUNDRAISING AND STEWARDSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ESTABLISHED IN 2003 FOR THE PURPOSE OF CULTIVATING, SECURING, AND STEWARDING PHILANTHROPIC GIFTS THAT WILL SUPPORT THE CAPITAL, PROGRAMMATIC, AND ENDOWMENT NEEDS OF THE HOSPITAL AND ITS AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Verno Treasurer | OfficerTrustee | 2 | $0 |
Jay Levy CFP Crpc Cfm Vice Chairman | OfficerTrustee | 4 | $0 |
Thomas Torr ESQ Secretary | OfficerTrustee | 4 | $0 |
Gregory J Walker Director/president/c | OfficerTrustee | 2 | $0 |
James J O'neill Jr Chairman | OfficerTrustee | 4 | $0 |
Peter E Walcek Director/cfo | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $362,989 |
| Investment income | $170,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $219,192 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $752,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $19,664 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,776 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $448 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $583,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,278,887 |
| Pledges and grants receivable | $98,642 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,125 |
| Investments—publicly traded securities | $8,779,631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,164,563 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,456,383 |
| Net assets with donor restrictions | $1,393,008 |
| 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 | $10,164,563 |
Grants Awarded
Over the last fiscal year, Mass General Brigham Incorporated has awarded $442,330 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: Support the capital and program needs of the Hospital | $433,202 |
Dover, NH PURPOSE: Support the program needs of the physician practices | $9,128 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mass General Brigham Incorporated has recieved totaling $9,750.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $9,750 |
Endowment Analysis
| Beg. Balance | $6,674,711 |
| Earnings | $144,838 |
| Net Contributions | $385,648 |
| Ending Balance | $7,205,197 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mass General Brigham Incorporated Dover, NH | $7,857,187 | $29,893,981 |
Vna Care Network Inc Worcester, MA | $8,603,953 | $48,842,380 |
Central Maine Healthcare Corporation Lewiston, ME | $160,072,160 | $47,484,302 |
Baystate Health Inc Springfield, MA | $239,302,322 | $40,124,462 |
Harrington Physician Services Inc Southbridge, MA | $5,550,764 | $24,087,781 |
Medical Care Development Incorporated Hallowell, ME | $13,124,569 | $32,391,306 |
Mass General Brigham Incorporated Boston, MA | $81,562,366 | $28,772,720 |
Upstream Usa Inc Boston, MA | $120,584,353 | $35,269,071 |
Bostons Community Medical Group Inc Boston, MA | $39,511,164 | $27,244,634 |
Mass General Brigham Incorporated Boston, MA | $348,073,191 | $73,914,360 |
Springfield Medical Care Systems Inc Springfield, VT | $19,479,475 | $27,227,514 |
Boston Healthnet Corporation Boston, MA | $1,391,448 | $17,183,901 |