Boston Medical Center Corporation in Boston, Massachusetts (MA)

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Boston Medical Center Corporation
Employer Identification Number (EIN)043314093
Name of OrganizationBoston Medical Center Corporation
In Care of NameJohn C Lindstedt
Address85 E Concord St, Boston, MA 02118-2335
SubsectionCharitable Organization
Ruling Date06/1996
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
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$1,862,453,000
Amount of Income$1,023,589,002
Form 990 Revenue Amount$1,023,096,786
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Hospital, General


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Amount of income in 2013: $1,023,589,002
Boston Medical Center Corporation: 

 $1,023,589,002
Other organizations performing similar types of work: 

 $13,972,681

Assets in 2013: $1,862,453,000
Boston Medical Center Corporation: 

 $1,862,453,000
Other organizations performing similar types of work: 

 $11,373,581

Expenses in 2013: $1,004,989,786
This organization: 

 $1,004,989,786
Other organizations performing similar types of work: 

 $14,578,904

Income to expenses ratio in 2013: 1.0
Boston Medical Center Corporation: 

 1.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 88.9%
This organization: 

 88.9%
Other organizations performing similar types of work: 

 88.3%

Number of employees in 2013: 7,327
Boston Medical Center Corporation: 

 7,327
Other organizations performing similar types of work: 

 196

Employees paid over $100,000 in 2013: 19.1%
Boston Medical Center Corporation: 

 19.1%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 0.9%
This organization: 

 0.9%
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)?NoNo
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?NoNo
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?NoNo
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?YesYes
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?YesYes
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?YesYes
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?YesNo
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 1096659619
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?YesYes
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 return6,9137,327
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)?YesYes
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$6,603,386$7,381,813
Total reportable compensation from related organizations$3,464,536$2,251,382
Total estimated amount of other compensation from the organization and related organizations$1,213,794$830,486
Total number of individuals who received more than $100,000 of reportable compensation from the organization1,2161,290
Total number of independent contractors who received more than $100,000 of compensation from the organization103107
Statement of Revenue
201120122013
Total revenue$977,246,730$1,022,266,039$1,023,096,786
Contributions, Gifts, Grants and Other Similar Amounts$11,421,383$10,023,360$9,605,331
Program Service Revenue$944,950,551$974,874,396$980,736,152
900099$886,255,000$893,584,000
900099$4,323,396$4,967,152
900099$84,296,000$82,185,000
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$13,370,000$16,323,000$20,374,000
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$44,438$66,125$99,703
Gross rents (Real / Personal)$133,688 / $0$154,086 / $0$208,917 / $0
Less: rental expenses (Real / Personal)$89,250 / $0$87,961 / $0$109,214 / $0
Rental income or (loss) (Real / Personal)$44,438 / $0$66,125 / $0$99,703 / $0
Net gain/loss from sales of assets other than inventory$2,830,000$17,219,000$8,143,000
Gross amount from sales of assets other than inventory (Securities / Other)$2,830,000 / $0$17,219,000 / $0$8,143,000 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$0 / $0$0 / $0
Gain or (loss) (Securities / Other)$2,830,000 / $0$17,219,000 / $0$8,143,000 / $0
Net income/loss from fundraising events$-88,413$-131,703$89,668
Gross income from fundraising events$308,617$262,640$472,670
Less: direct expenses$397,030$394,343$383,002
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$4,718,771$3,891,861$4,048,932
900099$3,456,873$3,686,398
Parking Lots and Garages $434,988$362,534
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$1,005,089,730$1,003,325,039$1,004,989,786
Grants and other assistance to domestic organizations and domestic governments$18,396,091$17,940,358
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$530,460$462,231
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$7,756,395$6,695,269$8,349,791
Compensation not included above, to disqualified persons$87,133$5,696
Other salaries and wages$342,535,806$358,031,079$374,568,162
Pension plan accruals and contributions$25,597,632$25,864,786
Other employee benefits$44,900,113$42,497,925
Payroll taxes$29,227,033$29,648,345$31,025,544
Fees for services (non-employees)
Management$0$0
Legal$554,683$904,057
Accounting$1,655,838$1,841,753
Lobbying$157,758$157,758
Professional fundraising services$0$9,576$46,000
Investment management fees$0$0
Other$47,528,869$46,707,108
Advertising and promotion$937,084$426,009
Office expenses$14,112,165$15,310,754
Information technology$3,340,790$3,872,313
Royalties$11,455,870$12,207,437
Occupancy$26,745,789$24,189,894
Travel$234,912$217,642
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$525,005$529,965
Interest$18,598,639$13,691,809
Payments to affiliates$0$0
Depreciation, depletion, and amortization$60,305,184$59,231,877
Insurance$2,469,201$5,808,131
Other expenses$102,984,389$116,958,655
Other expenses$77,805,219$76,808,836
Other expenses$51,543,854$56,631,979
Other expenses$30,498,592$40,014,180
Other expenses$67,975,500$28,719,136
Balance Sheet
201120122013
Total assets$1,638,938,000$1,772,798,000$1,862,453,000
Cash - non-interest-bearing$85,056,000$77,427,000
Savings and temporary cash investments$29,173,000$62,407,000
Pledges and grants receivable, net$53,194,000$43,910,000
Accounts receivable, net$130,660,000$106,248,000
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$87,505,000$131,344,000
Inventories for sale or use$4,584,000$5,490,000
Prepaid expenses and deferred charges$6,068,000$7,147,000
Land, buildings, and equipment: cost or other basis$425,320,000$456,347,000
Investments - publicly traded securities$94,471,000$116,984,000
Investments - other securities$180,004,000$189,499,000
Investments - program-related$0$0
Intangible assets$0$0
Other assets$676,763,000$665,650,000
Total liabilities$720,441,000$769,719,000$754,736,000
Accounts payable and accrued expenses$135,701,000$127,955,000
Grants payable$0$0
Deferred revenue$18,334,000$18,348,000
Tax-exempt bond liabilities$358,177,000$354,132,000$361,634,000
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$26,586,000$43,482,000$51,174,000
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$218,070,000$195,625,000
Total net assets or fund balances$918,497,000$1,003,079,000$1,107,717,000
Unrestricted net assets$687,623,000$771,252,000
Temporarily restricted net assets$299,103,000$320,112,000
Permanently restricted net assets$16,353,000$16,353,000
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$551,464,291$690,575,034$733,321,376$752,595,106$1,007,161,994$1,038,507,053$982,829,613$1,103,156,798
Contributions, gifts, grants, and similar amounts received$52,708,454$130,652,475$121,500,000$88,674,000$198,436,046$113,026,789$35,177,213$50,684,594
Contributions to donor advised funds$0$0
Direct public support$4,433,108$16,600,520$6,020,264$14,176,592$43,188,885$12,744,860$35,177,213$20,090,745
Indirect public support$0$1,918,011$17,922,213$30,000$0$0$0$0
Government contributions (grants)$48,275,349$112,133,944$97,557,523$74,467,408$155,247,161$100,281,929$0$30,593,849
Program service revenue including government fees and contracts$476,876,801$545,813,000$594,310,771$641,001,189$785,470,753$889,978,368$904,616,195$1,047,956,132
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$2,110,856$0$3,558,991$5,604,089$2,718,950$9,655,901$12,316,355$3,669,993
Dividends and interest from securities$7,289,776$12,733,000$7,317,009$4,240,911$10,597,391$12,218,099$15,680,645$20,140,007
Net rental income or (loss)$1,067,504$1,147,677$301,148$256,124$217,628$93,386$144,887$101,657
Gross rents$1,067,504$1,172,412$340,772$317,018$310,975$305,333$290,274$262,592
Less: rental expenses$0$24,735$39,624$60,894$93,347$211,947$145,387$160,935
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$-5,108,000$1,900,000$8,508,000$5,972,000$11,623,000$10,372,000$-25,374,000
Gross amount from sales of assets other than inventory$0$0$1,900,000$8,508,000$5,972,000$11,623,000$10,372,000$0
Less: cost or other basis and sales expenses$0$5,108,000$0$0$0$0$0$25,374,000
Net income or (loss) from special events and activities$555,227$671,882$1,509,862$1,159,465$1,162,954$1,003,211$1,097,787$1,668,139
Gross revenue$1,315,221$1,736,525$1,509,862$1,159,465$1,162,954$1,003,211$1,097,787$2,417,406
Less: direct expenses other than fundraising expenses$759,994$1,064,643$0$0$0$0$0$749,267
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$10,855,673$4,665,000$2,923,595$3,151,328$2,586,272$908,299$3,424,531$4,310,276
Total expenses$564,196,112$623,976,490$679,255,601$721,242,165$841,366,116$878,653,210$909,854,613$1,007,669,798
Program services$509,320,079$590,226,288$605,882,988$642,064,888$747,095,474$796,823,062$816,841,187$895,902,338
Management and general$52,388,196$32,685,559$71,955,227$77,897,066$92,736,590$79,288,345$90,282,336$108,802,835
Fundraising$2,487,837$1,064,643$1,417,386$1,280,211$1,534,052$2,541,803$2,731,090$2,964,625
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$383,732,303$449,406,000$520,270,000$537,139,000$712,517,000$873,033,000$1,027,344,000$1,052,300,000
Excess or (deficit) for the year$-12,731,821$66,598,544$54,065,775$31,352,941$165,795,878$159,853,843$72,975,000$95,487,000
Net assets or fund balances at beginning of year$394,796,292$383,732,303$449,406,000$520,270,000$537,139,000$712,517,000$873,033,000$1,027,344,000
Other changes in net assets or fund balances$1,667,832$-924,847$16,798,225$-14,483,941$9,582,122$662,157$81,336,000$-70,531,000
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,007,669,798$895,902,338$108,802,835$2,964,625
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.$2,532,325$2,154,110$371,884$6,331
Compensation of former officers, directors, key employees, etc.$312,324$265,677$45,866$781
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$336,810,415$285,442,750$49,278,629$2,089,036
Pension plan contributions not included above$18,798,983$15,991,266$2,760,720$46,997
Employee benefits not included above$38,387,983$32,654,555$5,637,458$95,970
Payroll taxes$27,099,380$23,051,959$3,979,673$67,748
Professional fundraising fees$0$0$0$0
Accounting fees$1,012,845$0$1,012,845$0
Legal fees$2,267,539$1,933,705$333,834$0
Supplies$92,199,196$83,236,442$8,950,212$12,542
Telephone$2,411,144$2,051,028$354,088$6,028
Postage and shipping$2,586,479$2,180,068$376,365$30,046
Occupancy$32,127,192$27,328,843$4,718,031$80,318
Equipment rental and maintenance$9,302,360$7,932,840$1,369,520$0
Printing and publications$1,856,101$1,520,993$262,584$72,524
Travel$181,990$150,802$26,034$5,154
Conferences, conventions, and meetings$1,102,276$929,079$160,396$12,801
Interest$11,061,617$9,409,512$1,624,451$27,654
Depreciation, depletion, etc.$50,248,566$42,743,703$7,379,242$125,621
Other expenses not covered above$377,371,083$356,925,006$20,161,003$285,074
Balance Sheets
20002001200220032004200520062007
Total assets$835,899,393$1,033,173,000$1,032,608,000$1,066,590,000$1,214,817,000$1,415,977,000$1,527,281,000$1,846,377,000
Cash - non-interest-bearing$7,040,052$78,870,000$13,677,000$48,477,000$168,105,000$55,356,000$79,951,000$7,314,000
Savings and temporary cash investments$0$0$0$0$0$26,016,000$27,355,000$1,602,000
Accounts receivable less allowance for doubtful accounts$141,981,012$79,826,000$124,456,000$228,209,000$140,540,000$275,652,000$184,794,000$344,629,000
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$100,071,617$138,145,000$178,800,000$124,113,000$114,338,000$108,639,000$99,659,000$96,658,000
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$3,279,374$3,367,000$3,366,000$3,302,000$2,805,000$2,980,000$2,901,000$3,188,000
Prepaid expenses and deferred charges$7,629,619$7,371,000$11,244,000$7,760,000$7,932,000$6,931,000$6,344,000$6,079,000
Investments - publicly-traded securities$78,843,000$56,629,000
Investments - other securities$0$0$0$0$0$51,757,000$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$290,516,402$161,002,000$189,563,000$337,416,000$332,555,000$222,333,000$235,597,000$155,976,000
Land, buildings, and equipment less accumulated depreciation$233,775,425$290,813,000$285,020,000$293,917,000$342,387,000$392,906,000$414,393,000$476,240,000
Other assets, including program-related investments$51,605,892$273,779,000$226,482,000$23,396,000$106,155,000$273,407,000$397,444,000$698,062,000
Total liabilities$452,167,090$583,767,000$512,338,000$529,451,000$502,300,000$542,944,000$499,937,000$794,077,000
Accounts payable and accrued expenses$58,390,700$67,749,000$75,374,000$84,662,000$106,098,000$131,497,000$123,749,000$149,983,000
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$5,937,502$48,856,000$10,946,000$44,583,000$10,866,000$13,340,000$15,656,000$19,198,000
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$371,204,000
Mortgages and other notes payable$301,271,667$353,423,000$338,581,000$313,327,000$291,092,000$291,611,000$273,436,000$122,566,000
Other liabilities$86,567,221$113,739,000$87,437,000$86,879,000$94,244,000$106,496,000$87,096,000$131,126,000
Total liabilities and net assets/fund balances$835,899,393$1,033,173,000$1,032,608,000$1,066,590,000$1,214,817,000$1,415,977,000$1,527,281,000$1,846,377,000
Total net assets or fund balances$383,732,303$449,406,000$520,270,000$537,139,000$712,517,000$873,033,000$1,027,344,000$1,052,300,000
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$551,464,291$690,575,034$733,321,376$752,595,106$1,007,161,994$1,038,507,053$982,829,613$1,103,156,798
Total revenue, gains, and other support per audited financial statements$553,892,117$690,739,412$759,768,000$760,034,000$1,024,096,000$1,042,431,000$1,015,222,000$1,038,208,000
Other expenses$1,667,832$-925,000$26,407,000$7,378,000$16,841,000$3,712,000$32,247,000$-65,859,000
Net unrealized gains on investments$1,667,832$-925,000$26,407,000$7,378,000$16,841,000$3,712,000$32,247,000$-65,859,000
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$0$0$0$0$0$0$0$0
Other revenue$-759,994$-1,089,378$-39,624$-60,894$-93,006$-211,947$-145,387$-910,202
Investment expenses$0$0$0$0$0$0$0$0
Other$-759,994$-1,089,378$-39,624$-60,894$-93,006$-211,947$-145,387$-910,202
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$564,196,112$623,976,490$679,255,601$721,242,165$841,366,116$878,653,210$909,854,613$1,007,669,798
Total expenses and losses per audited financial statements$564,956,106$625,065,868$686,175,000$721,303,000$841,459,000$878,865,000$910,000,000$1,008,580,000
Other revenue$759,994$1,089,378$6,919,399$60,835$92,884$211,790$145,387$910,202
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$6,879,803$0$0$0$0$0
Other$759,994$1,089,378$39,596$60,835$92,884$211,790$145,387$910,202
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
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
50$1,085,625$262,879$0
50$564,409$139,414$0
50$380,202$99,796$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings30
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?Yes
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$265,784$46,540$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?No
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, 20066,119
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$404$4,515,668$1,047,956,132
Program service revenue
Program service revenue 1000000$000$0$965,875,000
Program service revenue 2000000$000$0$77,115,000
Program service revenue 3000000$000$0$4,966,132
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
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)$3,669,993$0
Dividends and interest from securitiesOther financial vehicles$404Dividends, 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)$20,139,603$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$101,657$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$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-25,374,000$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$1,668,139$0
Gross profit or (loss) from sales of inventory000000$000$0$0
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))$4,310,276$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
98037521970%$0$106,407,721
202047166100%$1,291,255$43,054,437
04687546250%$6,992,372$40,797,375
26636886990%$229,000$40,432,000
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
$643,834$116,070$0
$527,068$132,932$0
$377,041$127,673$0
$392,864$92,029$0
$308,344$61,195$0
Total number of other employees paid over $50,0003,419
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$237,641
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
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Boston Medical Center Corporation85 E Concord St, Boston, MA 02118-2335MA1996-06$1,023,589,002
2United Helpers Nursing Home Inc8101 State Highway 68, Ogdensburg, NY 13669-4403NY1970-06$15,273,370
3Brighton Marine Health Center Inc77 Warren St Exec Office Fl 7, Brighton, MA 02135MA1983-04$146,404,488
4United Memorial Medical Center127 North St, Batavia, NY 14020-1631NY1960-07$82,203,961
5Bert Fish Medical Center Inc401 Palmetto St, New Smyrna, FL 32168-7322FL1995-10$71,517,904
6Sweetwater Hospital Association304 Church St, Sweetwater, TN 37874-2823TN1976-03$58,739,879
7South Peninsula Hospital Inc4300 Bartlett St, Homer, AK 99603-7005AK1972-08$54,972,418
8Fairview Hospital725 North St, Pittsfield, MA 01201-4109MA1934-01$50,662,181
9Troy Community Hospital Incorporated275 Guthrie Dr, Troy, PA 16947-8115PA1954-03$50,585,986
10Wright State Physicians Inc725 University Blvd, Dayton, OH 45435-0001OH1992-08$43,886,596
11West Louisiana Health Services Inc, Beauregare Memorial HospitalPO BOX 730, Deridder, LA 70634-0730LA1950-08$42,608,888
12Scheurer Hospital170 N Caseville Rd, Pigeon, MI 48755-9704MI1947-03$40,494,998
13Winter Park Health Foundation Inc220 Edinburgh Dr, Winter Park, FL 32792-4160FL1956-07$38,251,456
14Schuyler Hospital Inc220 Steuben St, Montour Falls, NY 14865-9740NY1937-08$36,153,100
15Santiam Memorial Hospital1401 N 10th Ave, Stayton, OR 97383-1311OR1956-07$35,976,240
16Hubbard Regional Hospital Inc340 Thompson Rd, Webster, MA 01570MA1988-02$22,545,253
17Athol Memorial Hospital Incorporated2033 Main St, Athol, MA 01331-3535MA1951-06$17,503,255
18Winton Club Winton Club Hospital Shop41 Highland Ave, Winchester, MA 01890-1446MA1964-11$342,256
19Ludlow Hospital Society1 Monarch Pl Ste 1300, Springfield, MA 01144-4011MA1944-09$0
20Umass Memorial Health Care Inc, Clinton Hospital Association281 Lincoln St, Worcester, MA 01605-2138MA2000-07$0
Number of organizations performing similar types of work
Alaska2
Alabama4
Arkansas10
Arizona70
California20
Colorado2
Connecticut2
District of Columbia1
Delaware1
Florida12
Georgia9
Hawaii3
Iowa15
Idaho1
Illinois16
Indiana21
Kansas13
Kentucky18
Louisiana4
Massachusetts8
Maryland6
Maine8
Michigan28
Minnesota12
Missouri11
Mississippi3
Montana10
North Carolina11
North Dakota8
Nebraska8
New Hampshire3
New Jersey8
New Mexico1
Nevada2
New York20
Ohio24
Oklahoma13
Oregon3
Pennsylvania27
South Carolina6
South Dakota6
Tennessee19
Texas24
Utah1
Virginia12
Vermont3
Washington8
Wisconsin16
West Virginia9
Total542

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