Partners Healthcare System Inc, Brigham & Womens Health Care Inc in Boston, Massachusetts (MA)

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Partners Healthcare System Inc, Brigham & Womens Health Care Inc
Employer Identification Number (EIN)042921338
Name of OrganizationPartners Healthcare System Inc
Secondary NameBrigham & Womens Health Care Inc
In Care of NameTax Department
Address75 Francis St, Boston, MA 02115-6110
ActivitiesFundraising, Described in section 170(b)1)(a)(vi) of the Code
SubsectionCharitable Organization
Ruling Date11/2010
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2009
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$470,179,257
Amount of Income$167,554,363
Form 990 Revenue Amount$167,554,363
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Community Health Systems


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Amount of income in 2009: $167,554,363
Partners Healthcare System Inc, Brigham & Womens Health Care Inc: 

 $167,554,363
Other organizations performing similar types of work: 

 $6,791,313

Assets in 2009: $470,179,257
This organization: 

 $470,179,257
Other organizations performing similar types of work: 

 $5,000,000

Expenses in 2007: $124,045,428
Partners Healthcare System Inc, Brigham & Womens Health Care Inc: 

 $124,045,428
Other organizations performing similar types of work: 

 $5,603,496

Income to expenses ratio in 2007: 1.4
Partners Healthcare System Inc, Brigham & Womens Health Care Inc: 

 1.4
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 90.6%
Partners Healthcare System Inc, Brigham & Womens Health Care Inc: 

 90.6%
Other organizations performing similar types of work: 

 86.4%

Grants share in income in 2007: 86.2%
This organization: 

 86.2%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200520062007
Total revenue$544,742,809$113,118,483$167,554,363
Contributions, gifts, grants, and similar amounts received$491,466,079$80,454,871$144,360,097
Contributions to donor advised funds$0$0
Direct public support$18,731,691$77,439,233$105,207,807
Indirect public support$472,734,388$3,015,638$39,152,290
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$334,210$524,381$565,562
Dividends and interest from securities$8,520,664$2,337,899$8,829,548
Net rental income or (loss)$851,995$863,312$848,322
Gross rents$851,995$863,312$848,322
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$43,569,861$28,938,020$12,950,834
Gross amount from sales of assets other than inventory$43,569,861$28,938,020$12,950,834
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$43,382,601$158,366,695$124,045,428
Program services$36,355,215$148,908,100$112,325,830
Management and general$0$939,047$934,999
Fundraising$7,027,386$8,519,548$10,784,599
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$504,848,920$509,018,727$470,179,257
Excess or (deficit) for the year$501,360,208$-45,248,212$43,508,935
Net assets or fund balances at beginning of year$14,383,845$504,848,920$509,018,727
Other changes in net assets or fund balances$-10,895,133$49,418,019$-82,348,405
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$124,045,428$112,325,830$934,999$10,784,599
Grants paid from donor advised funds$0
Other grants and allocations$39,355,016
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$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$36,331,318$30,805,754$0$5,525,564
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$11,930,545$10,458,524$0$1,472,021
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$21,707$18,077$0$3,630
Supplies$9,183,088$8,641,969$0$541,119
Telephone$269,321$185,647$0$83,674
Postage and shipping$481,828$374,358$0$107,470
Occupancy$1,197,386$409,099$57,500$730,787
Equipment rental and maintenance$1,214,107$1,201,839$0$12,268
Printing and publications$201,612$161,321$0$40,291
Travel$1,875,428$1,752,189$0$123,239
Conferences, conventions, and meetings$91,364$76,125$0$15,239
Interest$0$0$0$0
Depreciation, depletion, etc.$878,629$0$878,629$0
Other expenses not covered above$21,014,079$18,885,912$-1,130$2,129,297
Balance Sheets
200520062007
Total assets$508,274,005$511,356,222$491,507,096
Cash - non-interest-bearing$0$0$0
Savings and temporary cash investments$3,117,880$3,567,682$28,513,651
Accounts receivable less allowance for doubtful accounts$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$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
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$39,242$43,067$93,158
Investments - publicly-traded securities$496,538,415$454,113,997
Investments - other securities$494,573,335$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$10,543,548$9,664,919$8,786,290
Other assets, including program-related investments$0$1,542,139$0
Total liabilities$3,425,085$2,337,495$21,327,839
Accounts payable and accrued expenses$648,477$897,521$1,108,177
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$0
Other liabilities$2,776,608$1,439,974$20,219,662
Total liabilities and net assets/fund balances$508,274,005$511,356,222$491,507,096
Total net assets or fund balances$504,848,920$509,018,727$470,179,257
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200520062007
Total revenue$544,742,809$113,118,483$167,554,363
Total revenue, gains, and other support per audited financial statements$23,328,000$49,529,000$-75,827,000
Other expenses$-9,973,217$49,418,020$-82,348,405
Net unrealized gains on investments$-9,973,217$49,418,020$-82,348,405
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$511,441,592$113,007,503$161,032,958
Investment expenses$0$0$0
Other$511,441,592$113,007,503$161,032,958
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200520062007
Total expenses$43,382,601$158,366,695$124,045,428
Total expenses and losses per audited financial statements$173,000$940,000$936,000
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$43,209,601$157,426,695$123,109,428
Investment expenses$0$0$0
Other$43,209,601$157,426,695$123,109,428
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings22
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
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$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$-93,844$22,439,788$848,322
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$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$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)$565,562$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)$8,829,548$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$848,322
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventoryOther financial vehicles$-93,844Gain (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))$13,044,678$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
042987478100%$412,091$21,685
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
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
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 isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
200420052006
Total$6,804,888$501,172,948$84,150,463
Gifts, grants, and contributions received$275,000$491,466,079$80,454,871
Membership fees received$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$6,424,342$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$105,546$9,706,869$3,695,592
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$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
Other income$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$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-93,844$0$-93,844
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-93,844$0$-93,844
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$2,106
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$2,106
Unrelated business taxable income$-95,950
Unrelated business taxable income before net operating loss deduction$-95,950
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-95,950
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Partners Healthcare System Inc, Affiliates Group Return529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$10,625,521,687
2Harrington Physician Services Inc100 South St, Southbridge, MA 01550-4051MA2013-06$15,351,522
3Partners Healthcare System Inc, Vna & Hospice Of Cooley Dickinson I30 Locust St, Northampton, MA 01060-2052MA2010-11$12,648,376
4Partners Healthcare System Inc, Wnr IncPO BOX 1747, Oak Bluffs, MA 02557-1747MA2010-11$7,136,699
5Partners Healthcare System Inc, West Roxbury Medical Group Inc529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$781,282
6Partners Healthcare System Inc, The Mgh Health Services Corporation529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$714,565
7St Rock Haiti Foundation LtdPO BOX 511, Milton, MA 02186-0007MA2004-05$261,116
8Winchester Healthcare Management Inc41 Highland Ave, Winchester, MA 01890-1446MA2002-03$35,443
9Harrington Healthcare System Inc100 South St, Southbridge, MA 01550-4051MA2014-06$0
10Massachusetts Association Of Community Health Workers35 Harvard St, Worcester, MA 01609-2828MA2013-11$0
11Nvna Foundation Inc120 Longwater Drive, Norwell, MA 02061-1653MA2013-04$0
12Partners Healthcare System Inc, Brigham Community Practices Inc529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$0
13Partners Healthcare System Inc, Bwh Research Inc529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$0
14Partners Healthcare System Inc, Nantucket Cottage Hosp Foundation529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$0
15Partners Healthcare System Inc, Nantucket Physician Organization529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$0
16Partners Healthcare System Inc, Newton Wellesley Health Care System2014 Washington St, Newton, MA 02462-1607MA2010-11$0
17Partners Healthcare System Inc, Shaughnessy Kaplan Rehab Hospital529 Main St Ste 510, Charlestown, MA 02129-1151MA2010-11$0
18Quincy Medical Center Foundation Inc114 Whitwell St, Quincy, MA 02169-1870MA1996-09$0
19Spaulding Hospital-Cambridge Inc800 Boylston St Ste 1150, Boston, MA 02199MA2010-11$0
20Winchester Healthcare Management Inc, Winchester Community Accountable Ca41 Highland Ave, Winchester, MA 01890-1446MA2002-03$0
Number of organizations performing similar types of work
Alabama6
Arkansas5
Arizona2
California34
Colorado11
Connecticut6
District of Columbia3
Delaware2
Florida20
Georgia23
Hawaii9
Iowa2
Idaho5
Illinois23
Indiana10
Kansas8
Kentucky8
Louisiana5
Massachusetts67
Maryland7
Maine6
Michigan36
Minnesota39
Missouri15
Mississippi4
Montana3
North Carolina27
North Dakota14
Nebraska4
New Hampshire3
New Jersey33
New Mexico3
Nevada2
New York45
Ohio26
Oklahoma7
Oregon6
Pennsylvania46
Rhode Island5
South Carolina2
South Dakota10
Tennessee7
Texas62
Utah3
Virginia29
Vermont2
Washington8
Wisconsin25
West Virginia8
Wyoming1
International1
Total738
20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralPartners Healthcare System Inc529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$961,678,677
SubordinatePartners Healthcare System Inc, General Hospital Corporation529 Main St Ste 510, Charlestown, MA 02129-1151MA2010-11$2,525,330,785
SubordinatePartners Healthcare System Inc, Brigham & Womens Hospital Inc75 Francis St, Boston, MA 02115-6110MA2010-11$1,936,176,046
SubordinatePartners Healthcare System Inc, Massachusetts Gen Physicians Org529 Main St Ste 510, Charlestown, MA 02129-1151MA2010-11$621,576,734
SubordinatePartners Healthcare System Inc, Brigham & Womens Physicians Org529 Main St Ste 510, Charlestown, MA 02129-1151MA2010-11$499,450,495
SubordinatePartners Healthcare System Inc, North Shore Medical Center Inc529 Main St Ste 510, Charlestown, MA 02129-1151MA2010-11$437,194,548
SubordinatePartners Healthcare System Inc, Massachusetts General Hospital529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$338,094,515
SubordinatePartners Healthcare System Inc, Newton Wellesley Hospital529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$331,740,601
SubordinatePartners Healthcare System Inc, Cooley Dickinson Hospital Inc30 Locust St, Northampton, MA 01060-2052MA2010-11$238,711,486
SubordinatePartners Healthcare System Inc, Brigham & Womens Faulkner Hospital529 Main St Ste 510, Charlestown, MA 02129-1151MA2010-11$171,408,242
SubordinatePartners Healthcare System Inc, Brigham & Womens Health Care Inc75 Francis St, Boston, MA 02115-6110MA2010-11$167,554,363
SubordinatePartners Healthcare System Inc, Mclean Hospital Corporation529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$157,758,688
SubordinatePartners Healthcare System Inc, Spaulding Rehab Hospital Corp529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$101,299,637
SubordinatePartners Healthcare System Inc, Marthas Vineyard Hospital IncPO BOX 1477, Oak Bluffs, MA 02557-1477MA2010-11$56,233,818
SubordinatePartners Healthcare System Inc, Nantucket Cottage Hospital57 Prospect Street, Nantucket, MA 02554-2799MA2010-11$33,289,851
SubordinatePartners Healthcare System Inc, Rehab Hosp Of The Cape & Islands529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$29,583,792
SubordinatePartners Healthcare System Inc, Frc Inc529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$22,578,834
SubordinatePartners Healthcare System Inc, Newton Wellesley Hosp Chtb Fnd Inc2014 Washington St, Newton, MA 02462-1607MA2010-11$19,047,033
SubordinatePartners Healthcare System Inc, Nsmc Healthcare Inc81 Highland Ave, Salem, MA 01970-2714MA2010-11$13,635,058
SubordinatePartners Healthcare System Inc, Biosciences Research Foundation Inc529 Main St Ste 510, Charlestown, MA 02129-1116MA2010-11$3,904,341
Number of affiliated organizations
Massachusetts51
Total51

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