Greenwich Hospital in Greenwich, Connecticut (CT)

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Greenwich Hospital
Employer Identification Number (EIN)060646659
Name of OrganizationGreenwich Hospital
In Care of NameYale New Haven Health
Address5 Perryridge Rd, Greenwich, CT 06830-4608
SubsectionCharitable Organization
Ruling Date02/1972
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period09/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$459,079,549
Amount of Income$337,530,638
Form 990 Revenue Amount$335,912,726
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Hospital, General


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Amount of income in 2013: $337,530,638
Greenwich Hospital: 

 $337,530,638
Other organizations performing similar types of work: 

 $129,251,994

Assets in 2013: $459,079,549
This organization: 

 $459,079,549
Other organizations performing similar types of work: 

 $122,242,322

Expenses in 2013: $314,734,850
This organization: 

 $314,734,850
Other organizations performing similar types of work: 

 $119,720,646

Income to expenses ratio in 2013: 1.1
Greenwich Hospital: 

 1.1
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 70.2%
Greenwich Hospital: 

 70.2%
Other organizations performing similar types of work: 

 85.7%

Number of employees in 2013: 2,057
Greenwich Hospital: 

 2,057
Other organizations performing similar types of work: 

 1,105

Employees paid over $100,000 in 2013: 16.1%
This organization: 

 16.1%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 2.0%
This organization: 

 2.0%
Other organizations performing similar types of work: 

 0.2%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYes
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?YesYes
Did the organization attach a copy of its audited financial statements?YesYes
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096378359
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return2,0572,057
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$7,471,460$7,097,714
Total reportable compensation from related organizations$1,667,858$1,974,293
Total estimated amount of other compensation from the organization and related organizations$1,352,045$1,291,327
Total number of individuals who received more than $100,000 of reportable compensation from the organization267260
Total number of independent contractors who received more than $100,000 of compensation from the organization5571
Statement of Revenue
201120122013
Total revenue$318,107,175$325,814,441$335,912,726
Contributions, Gifts, Grants and Other Similar Amounts$7,821,256$6,463,170$6,842,026
Program Service Revenue$297,010,149$304,346,157$312,982,082
621400$176,050,980$182,251,880
612990$119,825,627$122,577,941
621500$8,469,550$8,152,261
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,516,363$1,487,498$99,617
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$869,158$665,829$967,467
Gross rents (Real / Personal)$962,185 / $0$927,267 / $0$1,062,447 / $0
Less: rental expenses (Real / Personal)$93,027 / $0$261,438 / $0$94,980 / $0
Rental income or (loss) (Real / Personal)$869,158 / $0$665,829 / $0$967,467 / $0
Net gain/loss from sales of assets other than inventory$-1,343,281$-706,653$1,071,767
Gross amount from sales of assets other than inventory (Securities / Other)$3,069,602 / $35,346$2,616,905 / $644,636$1,836,904 / $62,790
Less: cost or other basis and sales expenses (Securities / Other)$4,381,274 / $66,955$3,797,400 / $170,794$806,491 / $21,436
Gain or (loss) (Securities / Other)$-1,311,672 / $-31,609$-1,180,495 / $473,842$1,030,413 / $41,354
Net income/loss from fundraising events$-465,116$-508,658$-529,980
Gross income from fundraising events$156,925$200,950$165,025
Less: direct expenses$622,041$709,608$695,005
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$12,698,646$14,067,098$14,479,747
900099$3,305,109$3,095,639
900099$2,042,881$1,741,761
900099$1,768,057$1,554,502
All other revenue$6,951,051$8,087,845
Statement of Functional Expenses
201120122013
Total functional expenses$309,294,390$316,164,392$314,734,850
Grants and other assistance to domestic organizations and domestic governments$203,950$286,100
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$6,234,011$6,697,034$6,384,505
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$125,789,125$114,258,964$111,399,734
Pension plan accruals and contributions$9,341,042$10,988,150
Other employee benefits$21,339,073$22,431,483
Payroll taxes$8,399,793$7,843,886$7,591,737
Fees for services (non-employees)
Management$0$1,071,032
Legal$227,119$1,532,018
Accounting$267,875$358,254
Lobbying$0$89,757
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$54,970,776$56,293,829
Advertising and promotion$0$0
Office expenses$27,886,869$5,734,069
Information technology$0$3,973,078
Royalties$0$0
Occupancy$7,184,969$16,434,930
Travel$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$0
Interest$355,135$490,852
Payments to affiliates$0$0
Depreciation, depletion, and amortization$18,733,002$21,207,123
Insurance$0$0
Other expenses$23,717,620$44,914,364
Other expenses$14,042,325$3,553,835
Balance Sheet
201120122013
Total assets$419,099,368$441,659,828$459,079,549
Cash - non-interest-bearing$10,425,113$25,629,508
Savings and temporary cash investments$35,615,361$36,303,212
Pledges and grants receivable, net$0$0
Accounts receivable, net$36,588,520$34,798,934
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$2,267,969$1,726,222
Prepaid expenses and deferred charges$6,940,318$8,573,084
Land, buildings, and equipment: cost or other basis$234,890,405$228,143,449
Investments - publicly traded securities$24,091,928$20,807,246
Investments - other securities$67,023,871$74,450,940
Investments - program-related$0$0
Intangible assets$0$0
Other assets$23,816,343$28,646,954
Total liabilities$152,754,147$172,435,619$137,266,896
Accounts payable and accrued expenses$29,052,230$28,569,982
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$45,005,000$42,645,000$40,215,000
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$100,738,389$68,481,914
Total net assets or fund balances$266,345,221$269,224,209$321,812,653
Unrestricted net assets$230,689,355$276,412,173
Temporarily restricted net assets$29,998,840$36,543,332
Permanently restricted net assets$8,536,014$8,857,148
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$169,781,691$188,398,924$205,623,777$219,411,270$240,628,267$246,671,233$264,331,668$290,674,028
Contributions, gifts, grants, and similar amounts received$15,546,854$16,571,652$15,874,975$8,911,115$17,468,681$11,354,672$9,496,772$7,618,260
Contributions to donor advised funds$0$0
Direct public support$15,546,854$16,571,652$15,874,975$8,911,115$17,468,681$11,354,672$9,496,772$7,618,260
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$136,699,918$153,709,022$179,785,555$200,005,765$212,946,513$225,548,813$241,848,306$263,092,464
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$20,510$10,126$6,877$10,785$4,344$9,173$17,902$1,462,393
Dividends and interest from securities$5,637,349$2,476,157$2,779,229$3,550,628$2,844,162$3,270,184$1,856,859$1,072,846
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$54,691$-29,264$569,934$-18,641$-190,090$-4,603,883$2,601,775$-924,362
Gross amount from sales of assets other than inventory$20,809,889$21,448,800$4,238,561$14,048,572$853,208$7,568,830$20,283,344$6,295,765
Less: cost or other basis and sales expenses$20,755,198$21,478,064$3,668,627$14,067,213$1,043,298$12,172,713$17,681,569$7,220,127
Net income or (loss) from special events and activities$104,246$232,599$35,247$835,091$605,658$848,133$-4,000$-535,840
Gross revenue$582,450$692,978$458,428$1,397,727$1,074,840$1,049,035$139,915$180,846
Less: direct expenses other than fundraising expenses$478,204$460,379$423,181$562,636$469,182$200,902$143,915$716,686
Gross profit or (loss) from sales of inventory$963,002$1,053,495$1,040,098$1,018,695$912,403$995,859$1,220,285$990,021
Gross sales of inventory, less returns and allowances$1,467,071$1,585,371$1,489,309$1,457,520$1,359,994$1,406,443$1,471,143$1,496,933
Less: cost of goods sold$504,069$531,876$449,211$438,825$447,591$410,584$250,858$506,912
Other revenue$10,755,121$14,375,137$5,531,862$5,097,832$6,036,596$9,248,282$7,293,769$17,898,246
Total expenses$147,730,981$164,086,411$184,587,889$205,548,910$216,246,828$235,319,297$250,455,824$279,988,207
Program services$97,664,429$121,973,751$128,448,651$142,696,819$154,708,429$154,420,590$170,156,282$196,493,076
Management and general$49,036,011$40,548,513$54,293,935$60,982,412$60,172,031$79,027,749$78,549,184$82,441,438
Fundraising$1,030,541$1,564,147$1,845,303$1,715,837$1,184,632$1,673,864$1,545,493$1,053,693
Payments to affiliates$0$0$0$153,842$181,736$197,094$204,865$0
Net assets or fund balances at end of year$195,937,758$221,415,531$244,194,476$269,394,459$294,490,003$301,834,338$317,003,960$305,990,967
Excess or (deficit) for the year$22,050,710$24,312,513$21,035,888$13,862,360$24,381,439$11,351,936$13,875,844$10,685,821
Net assets or fund balances at beginning of year$225,032,193$195,937,758$221,415,531$244,194,476$269,394,459$294,490,003$301,834,338$317,003,960
Other changes in net assets or fund balances$-51,145,145$1,165,260$1,743,057$11,337,623$714,105$-4,007,601$1,293,778$-21,698,814
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$279,988,207$196,493,076$82,441,438$1,053,693
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$4,779,933$0$4,779,933$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$119,029,835$96,796,451$22,233,384$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$22,339,563$18,166,533$4,173,030$0
Payroll taxes$8,422,851$6,849,462$1,573,389$0
Professional fundraising fees$29,000$0$0$29,000
Accounting fees$250,000$0$250,000$0
Legal fees$950,626$0$950,626$0
Supplies$37,624,072$33,603,639$4,020,433$0
Telephone$904,678$2,792$901,886$0
Postage and shipping$640,541$155,238$485,303$0
Occupancy$6,663,744$3,088,819$3,574,925$0
Equipment rental and maintenance$8,414,902$4,166,011$4,248,891$0
Printing and publications$296,811$94,162$202,649$0
Travel$632,913$319,435$313,478$0
Conferences, conventions, and meetings$0$0$0$0
Interest$2,146,854$0$2,146,854$0
Depreciation, depletion, etc.$16,923,656$9,596,698$7,326,958$0
Other expenses not covered above$49,938,228$23,653,836$25,259,699$1,024,693
Balance Sheets
20002001200220032004200520062007
Total assets$301,450,608$325,519,456$349,984,075$384,120,785$406,107,372$407,546,707$426,353,095$417,542,857
Cash - non-interest-bearing$17,023,521$19,858,656$20,090,962$12,634,851$13,714,492$15,422,345$22,314,805$4,685,900
Savings and temporary cash investments$6,030,443$12,674,942$22,917,671$37,302,038$45,548,948$41,626,985$33,277,511$51,469,920
Accounts receivable less allowance for doubtful accounts$23,980,149$25,783,677$24,905,103$25,811,006$26,062,485$28,704,487$32,662,204$33,602,034
Pledges receivable less allowance for doubtful accounts$9,252,995$14,324,889$17,233,722$14,950,563$13,707,014$7,734,829$2,569,010$1,260,738
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$936,204$826,386$851,301$817,148$814,309$833,753$1,097,963$943,673
Prepaid expenses and deferred charges$10,576,491$14,877,257$16,282,418$16,201,162$15,291,965$10,205,699$24,198,748$16,475,707
Investments - publicly-traded securities$39,588,147$38,051,517
Investments - other securities$83,171,897$81,395,868$59,033,801$51,001,101$35,417,363$32,445,965$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$22,293,099$24,382,264$15,648,290$19,218,445$19,139,893$14,806,273
Land, buildings, and equipment less accumulated depreciation$139,004,285$143,045,652$154,817,759$187,625,531$222,169,256$232,579,262$233,645,146$238,087,106
Other assets, including program-related investments$11,474,623$12,732,129$11,558,239$13,395,121$17,733,250$18,774,937$17,859,668$18,159,989
Total liabilities$105,512,850$104,103,925$105,789,599$114,726,326$111,617,369$105,712,369$109,349,135$111,551,890
Accounts payable and accrued expenses$19,253,995$20,467,195$20,723,046$26,443,709$25,257,720$24,916,764$29,929,651$33,027,902
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$60,918,590$59,744,238$58,513,241$57,957,971$56,567,201$56,600,000$54,575,000$51,570,000
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$25,340,265$23,892,492$26,553,312$30,324,646$29,792,448$24,195,605$24,844,484$26,953,988
Total liabilities and net assets/fund balances$301,450,608$325,519,456$349,984,075$384,120,785$406,107,372$407,546,707$426,353,095$417,542,857
Total net assets or fund balances$195,937,758$221,415,531$244,194,476$269,394,459$294,490,003$301,834,338$317,003,960$305,990,967
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$169,781,691$188,398,924$205,623,777$219,078,009$240,628,267$246,671,233$264,331,668$290,674,028
Total revenue, gains, and other support per audited financial statements$158,697,915$172,567,458$191,567,079$210,968,597$227,176,111$242,868,240$262,757,216$268,745,343
Other expenses$3,580,708$822,170$3,090,331$4,283,520$6,208,654$13,641,760$8,721,326$-13,215,878
Net unrealized gains on investments$0$0$0$0$0$0$0$-14,402,892
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$3,580,708$822,170$3,090,331$4,283,520$6,208,654$13,641,760$8,721,326$1,187,014
Other revenue$14,664,484$16,653,636$17,147,029$12,392,932$19,660,810$17,444,753$10,295,778$8,712,807
Investment expenses$0$0$0$0$0$0$0$0
Other$14,664,484$16,653,636$17,147,029$12,392,932$19,660,810$17,444,753$10,295,778$8,712,807
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$147,730,981$164,086,411$184,587,889$205,266,477$216,246,828$235,319,297$250,455,824$279,988,207
Total expenses and losses per audited financial statements$146,222,236$162,058,302$182,196,862$202,987,760$214,453,849$233,033,102$248,255,327$278,267,713
Other revenue$0$-3,583$0$0$0$0$0$718,804
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$-3,583$0$0$0$0$0$718,804
Other expenses$1,508,745$2,024,526$2,391,027$2,278,717$1,792,979$2,286,195$2,200,497$2,439,298
Investment expenses$0$0$0$0$0$0$0$0
Other$1,508,745$2,024,526$2,391,027$2,278,717$1,792,979$2,286,195$2,200,497$2,439,298
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$915,374$233,335$48,384
40$446,142$152,753$14,370
40$322,986$96,408$9,748
40$460,509$134,982$10,630
40$124,702$21,028$0
40$213,836$29,847$0
40$196,731$23,424$0
40$185,000$21,811$0
40$222,790$30,463$0
40$156,737$10,287$0
40$317,322$104,832$0
40$256,520$18,982$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings26
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$25,000$0$0
$0$50,000$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20061,774
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$7,302,971$18,749,798$257,002,999
Program service revenue
Program service revenue 1000000$000$0$175,913,130
Program service revenue 2Medical and diagnostic laboratories$7,302,97100$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$79,876,363
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,462,393$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,072,846$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-1,147,847$223,485
Net income or (loss) from special events000000$0Income from an activity in which labor is a material income-producing factor and substantially all (at least 85%) of the work is performed with unpaid labor (section 513(a)(1))$-535,840$0
Gross profit or (loss) from sales of inventory000000$000$0$990,021
Other revenue000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$17,898,246$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$519,329$52,078$0
$455,077$75,236$0
$480,000$38,699$0
$389,231$98,156$0
$398,859$53,792$0
Total number of other employees paid over $50,000932
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$68,771
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$7,302,971$0$7,302,971
Gross receipts or sales less returns and allowances$7,302,971$0$0
Cost of goods sold$0$0$0
Gross profit$73,029,711$0$7,302,971
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$4,976,179
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$4,976,179
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$2,326,792
Net operating loss deduction$2,325,792
Unrelated business taxable income before specific deduction$1,000
Specific deduction$1,000
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1Yale New Haven Hospital20 York St, New Haven, CT 06510-3220CT1966-11$2,567,280,611
2Hartford HospitalPO BOX 5037, Hartford, CT 06102-5037CT1953-08$1,523,912,886
3St Francis Hospital And Medical Center114 Woodland Street, Hartford, CT 06105-1208CT1946-03$758,194,802
4Tufts Medical Center Parent Inc, Group Return800 Washington Street Box 468, Boston, MA 02111-1552MA2008-05$718,450,671
5Danbury Hospital24 Hospital Ave, Danbury, CT 06810-6099CT1946-10$547,276,911
6Stamford Hospital30 Shelburne Rd, Stamford, CT 06902-3628CT1934-08$496,004,210
7Bridgeport Hospital267 Grant St, Bridgeport, CT 06610-2805CT1934-02$463,067,825
8Hospital Of Saint Raphael200 Orchard St Ste 204, New Haven, CT 06511-5364CT1986-08$451,777,583
9St Vincents Medical Center2800 Main St, Bridgeport, CT 06606-4201CT1946-03$438,616,295
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11Norwalk Hospital Association, Toni Horne14 Research Dr, Bethel, CT 06801-1040CT1943-07$356,006,160
12Syracuse Community Health Center Inc819 S Salina St, Syracuse, NY 13202-3527NY1992-09$24,912,238
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14Weeks Medical Center173 Middle St, Lancaster, NH 03584-3508NH1946-12$44,728,107
15Indiana University Health Morgan Hospital Inc2209 John R Wooden R Drive, Martinsville, IN 46151IN2011-09$39,950,032
16Steward St Elizabeths Medical Center Of Boston Inc30 Perwal St, Westwood, MA 02090-1928MA1946-03$24,402,508
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19Jones County Regional Healthcare System1601 Columbia St, Stamford, TX 79553-6863TX2014-09$10,742,038
20International Commission For The Development Of Haiti84 W Park Pl, Stamford, CT 06901-2211CT2006-11$0
Number of organizations performing similar types of work
Alaska3
Alabama19
Arkansas22
Arizona15
California112
Colorado25
Connecticut29
District of Columbia2
Delaware6
Florida53
Georgia52
Hawaii5
Iowa27
Idaho9
Illinois104
Indiana48
Kansas25
Kentucky32
Louisiana22
Massachusetts44
Maryland41
Maine19
Michigan58
Minnesota34
Missouri50
Mississippi19
Montana11
North Carolina47
North Dakota12
Nebraska20
New Hampshire21
New Jersey50
New Mexico7
Nevada4
New York130
Ohio96
Oklahoma17
Oregon24
Pennsylvania131
Rhode Island10
South Carolina15
South Dakota9
Tennessee25
Texas57
Virginia37
Vermont8
Washington22
Wisconsin67
West Virginia24
International10
Total1,729

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