Sinai Hospital Of Baltimore Inc
- Assets
- $670.4m
- Revenue
- $1.0b
- Investments
- $84.4m
- Employees
- 6,459
- Location
- Baltimore, MD
- Founding
- 02/1936
- Data as of
- 06/2022
- EIN
- 52-0486540
Organization Overview
Sinai Hospital Of Baltimore Inc is located in Baltimore, MD. The organization was established in 1936. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Sinai Hospital Of Baltimore Inc employed 6,459 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sinai Hospital Of Baltimore 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 06/2022, Sinai Hospital Of Baltimore Inc generated $1.0b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $912.7m during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY PATIENT CARE, EDUCATE MEDICAL STUDENTS & RESIDENTS, AND ENGAGE IN MEDICAL RESEARCH TO IMPROVE THE LIVES OF OUR PATIENTS AND OUR COMMUNITY.
Describe the Organization's Program Activity:
SEE SCHEDULE O
LIFEBRIDGE CARDIOLOGY AT QUARRY LAKE LLC PROVIDES CARE TO PATIENTS IN THE HOSPITAL AND IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil M Meltzer President/ceo | Officer | 1 | $0 |
David Krajewski Assistant Treasurer | Officer | 1 | $0 |
James Nace DO Physician | 40 | $1,592,015 | |
Ronald Delanois MD Physician | 40 | $1,408,487 | |
Peter Cho MD Physician | 40 | $1,152,837 | |
Fouad Abbas MD Physician | 40 | $1,147,284 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flexwise Health Inc Temporary Labor | 6/29/22 | $5,289,010 |
Laboratory Corp Of America Laboratory Services | 6/29/22 | $3,504,244 |
Metz Culinary Management Food Services | 6/29/22 | $4,120,849 |
Aya Healthcare Inc Agency Nurses | 6/29/22 | $3,404,701 |
Weatherby Locums Inc Physician Services | 6/29/22 | $3,106,264 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $211,092 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,805,413 |
| Government grants | $1,148,954 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,940,711 |
| Noncash contributions included in lines 1a–1f | $2,653,984 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,106,170 |
| Total Program Service Revenue | $950,247,441 |
| Investment income | $15,852,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $223,174 |
| Net Gain/Loss on Asset Sales | $13,775,139 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $55,789 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,004,455,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,521,789 |
| Compensation of current officers, directors, key employees. | $426,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $374,107,794 |
| Pension plan accruals and contributions | $14,535,934 |
| Other employee benefits | $48,534,644 |
| Payroll taxes | $27,264,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $267,257 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $94,316 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,104,008 |
| Fees for services: Other | $143,281,029 |
| Advertising and promotion | $407,929 |
| Office expenses | $13,300,501 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,033,067 |
| Travel | $58,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $987,390 |
| Interest | $9,361,867 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,514,785 |
| Insurance | $7,405,659 |
| All other expenses | $0 |
| Total functional expenses | $912,714,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,212 |
| Savings and temporary cash investments | $68,243,309 |
| Pledges and grants receivable | $5,537,742 |
| Accounts receivable, net | $124,410,916 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,258,813 |
| Inventories for sale or use | $30,892,257 |
| Prepaid expenses and deferred charges | $4,876,185 |
| Net Land, buildings, and equipment | $221,363,649 |
| Investments—publicly traded securities | $20,937,245 |
| Investments—other securities | $84,387,466 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,347,610 |
| Total assets | $670,364,404 |
| Accounts payable and accrued expenses | $130,589,305 |
| Grants payable | $0 |
| Deferred revenue | $43,119,693 |
| 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 | $276,563,960 |
| Total liabilities | $450,272,958 |
| Net assets without donor restrictions | $169,399,762 |
| Net assets with donor restrictions | $50,691,684 |
| 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 | $670,364,404 |
Grants Awarded
Over the last fiscal year, Sinai Hospital Of Baltimore Inc has awarded $55,377 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ASLAN PROJECT INC PURPOSE: GENERAL SUPPORT | $30,000 |
BAIS YAAKOV SCHOOL FOR GIRLS PURPOSE: GENERAL SUPPORT | $6,000 |
HOPE FOR HENRY FOUNDATION PURPOSE: GENERAL SUPPORT | $19,377 |