Mass General Brigham Incorporated And Affiliates Group Rtn
- Assets
- $26.7b
- Revenue
- $18.7b
- Investments
- $14.6b
- Employees
- 83,077
- Location
- Somerville, MA
- Founding
- 11/2010
- Data as of
- 09/2021
- EIN
- 90-0656139
Organization Overview
Mass General Brigham Incorporated And Affiliates Group Rtn is located in Somerville, MA. 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. As of 09/2021, Mass General Brigham Incorporated And Affiliates Group Rtn employed 83,077 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mass General Brigham Incorporated And Affiliates Group Rtn 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, Mass General Brigham Incorporated And Affiliates Group Rtn generated $18.7b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $17.1b during the year ending 09/2021. While expenses have increased by 7.2% 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.
Since 2015, Mass General Brigham Incorporated And Affiliates Group Rtn has awarded 1,106 individual grants totaling $6,160,622,776. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PATIENT CARE, RESEARCH, EDUCATION AND SERVICE TO THE COMMUNITY LOCALLY AND GLOBALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Antonio Chiocca MD PHD See Schedule O - O & T Titles | 50 | $1,943,648 | |
William G Austen Jr MD See Schedule O - O & T Titles | 50 | $1,831,203 | |
Andrea L Pusic MD See Schedule O - O & T Titles | 50 | $1,759,887 | |
Thomas G Gleason MD Ms See Schedule O - O & T Titles | 50 | $1,754,318 | |
James D Kang MD See Schedule O - O & T Titles | Trustee | 50 | $1,627,512 |
Bob S Carter MD See Schedule O - O & T Titles | 50 | $1,602,171 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walsh Brothers Construction Services | 9/29/21 | $71,843,683 |
Skanska Usa Building Inc Construction Services | 9/29/21 | $30,554,515 |
Cb Richard Ellis Facilities Management | 9/29/21 | $22,633,640 |
Amn Healthcare Inc Staffing Services | 9/29/21 | $68,450,826 |
Nbbj Lp Architectural Services | 9/29/21 | $22,808,648 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,652,098 |
| Related organizations | $1,574,621,789 |
| Government grants | $1,025,441,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,333,214,247 |
| Noncash contributions included in lines 1a–1f | $55,629,133 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,950,929,420 |
| Total Program Service Revenue | $12,992,648,821 |
| Investment income | $77,942,220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,354,197 |
| Net Rental Income | $60,620,329 |
| Net Gain/Loss on Asset Sales | $515,321,152 |
| Net Income from Fundraising Events | -$3,610,653 |
| Net Income from Gaming Activities | $17,657 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,707,655,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,845,235,119 |
| Grants and other assistance to domestic individuals. | $8,332,846 |
| Grants and other assistance to Foreign Orgs/Individuals | $29,332,487 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,851,613 |
| Compensation of current officers, directors, key employees. | $104,851,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,690,850,194 |
| Pension plan accruals and contributions | $411,078,553 |
| Other employee benefits | $963,602,732 |
| Payroll taxes | $411,643,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,077,379 |
| Fees for services: Accounting | $215,513 |
| Fees for services: Lobbying | $359,788 |
| Fees for services: Fundraising | $418,846 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,493,006,799 |
| Advertising and promotion | $9,116,246 |
| Office expenses | $2,380,155,640 |
| Information technology | $53,113,653 |
| Royalties | $0 |
| Occupancy | $502,675,626 |
| Travel | $10,253,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,011,782 |
| Interest | $155,100,968 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $654,294,009 |
| Insurance | $115,561,978 |
| All other expenses | $65,030,089 |
| Total functional expenses | $17,085,714,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $403,191,180 |
| Pledges and grants receivable | $607,838,247 |
| Accounts receivable, net | $1,521,964,235 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,612,939 |
| Inventories for sale or use | $82,805,581 |
| Prepaid expenses and deferred charges | $98,669,969 |
| Net Land, buildings, and equipment | $6,764,796,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,630,113,599 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,539,323,930 |
| Total assets | $26,652,316,196 |
| Accounts payable and accrued expenses | $3,382,213,132 |
| 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 | $5,312,504,341 |
| Total liabilities | $8,694,717,473 |
| Net assets without donor restrictions | $12,437,305,488 |
| Net assets with donor restrictions | $5,520,293,235 |
| 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 | $26,652,316,196 |
Grants Awarded
Over the last fiscal year, Mass General Brigham Incorporated And Affiliates Group Rtn has awarded $1,845,235,119 in support to 140 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: TO SUPPORT TAX EXEMPT AFFILIATE | $637,449,190 |
Somerville, MA PURPOSE: TO SUPPORT TAX EXEMPT AFFILIATE | $523,090,204 |
Somerville, MA PURPOSE: TO SUPPORT TAX EXEMPT AFFILIATE | $333,847,387 |
Somerville, MA PURPOSE: TO SUPPORT TAX EXEMPT AFFILIATE | $119,066,830 |
Somerville, MA PURPOSE: TO SUPPORT TAX EXEMPT AFFILIATE | $72,840,574 |
Somerville, MA PURPOSE: TO SUPPORT TAX EXEMPT AFFILIATE | $31,739,583 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mass General Brigham Incorporated And Affiliates Group Rtn has recieved totaling $102,000.
| Awarding Organization | Amount |
|---|---|
Life Sciences Research Foundation Charlotte, NC PURPOSE: TO FUND RESEARCH FELLOWSHIPS IN BIOLOGICAL SCIENCES | $67,000 |
Mccourt Foundation Inc Braintree, MA PURPOSE: TO FURTHER NEUROLOGY RESEARCH AT BRIGHAM & WOMEN'S HOSPITAL DEPARTMENT OF NEUROLOGY | $25,000 |
Fiduciary Charitable Foundation Boston, MA PURPOSE: DONATIONS | $10,000 |
Endowment Analysis
| Beg. Balance | $3,149,754,057 |
| Earnings | $825,097,143 |
| Net Contributions | $110,023,333 |
| Other Expense | $107,264,487 |
| Ending Balance | $3,977,610,046 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $1,256,505,571 | $986,611,618 |
Hartford Health Care Corporation Hartford, CT | $2,668,436,051 | $551,640,424 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Wyckoff Heights Medical Center Brooklyn, NY | $318,132,023 | $364,136,906 |
Albany Medical Center Glens Falls, NY | $356,058,419 | $346,451,670 |
Whidden Memorial Hospital Inc Malden, MA | $90,823,513 | $333,237,018 |
Centerlight Healthcare Inc Flushing, NY | $62,373,058 | $284,939,095 |
Albany Medical Center Saratoga Springs, NY | $380,815,690 | $338,787,899 |
Episcopal Health Services Inc Garden City, NY | $212,973,154 | $303,839,103 |
Mass General Brigham Incorporated Boston, MA | $523,876,840 | $299,721,576 |
Trinity Health Of New England Corporation Inc Hartford, CT | $683,679,706 | $237,315,884 |
Albany Med Health System Albany, NY | $312,546,209 | $222,722,582 |