Partners Healthcare System Inc in Charlestown, Massachusetts (MA)

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Partners Healthcare System Inc
Employer Identification Number (EIN)043230035
Name of OrganizationPartners Healthcare System Inc
Address529 Main St Ste 510, Charlestown, MA 02129-1116
ActivitiesOther health services, 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 Period09/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,249,396,529
Amount of Income$961,678,677
Form 990 Revenue Amount$961,678,677
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Community Health Systems


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Amount of income in 2013: $961,678,677
Partners Healthcare System Inc: 

 $961,678,677
Other organizations performing similar types of work: 

 $6,791,313

Assets in 2013: $4,249,396,529
Partners Healthcare System Inc: 

 $4,249,396,529
Other organizations performing similar types of work: 

 $5,000,000

Expenses in 2013: $819,128,536
Partners Healthcare System Inc: 

 $819,128,536
Other organizations performing similar types of work: 

 $5,603,496

Income to expenses ratio in 2013: 1.2
Partners Healthcare System Inc: 

 1.2
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 27.5%
This organization: 

 27.5%
Other organizations performing similar types of work: 

 86.4%

Number of employees in 2013: 6,448
This organization: 

 6,448
Other organizations performing similar types of work: 

 83

Employees paid over $100,000 in 2013: 15.6%
This organization: 

 15.6%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 30.7%
Partners Healthcare System Inc: 

 30.7%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesNo
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?YesNo
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?YesNo
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?YesNo
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?NoNo
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?YesNo
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?YesNo
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?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
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?YesYes
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?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
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 10964,0734,349
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 return6,3716,448
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$10,286,965$13,638,267
Total reportable compensation from related organizations$2,652,468$1,448,643
Total estimated amount of other compensation from the organization and related organizations$1,237,722$1,345,366
Total number of individuals who received more than $100,000 of reportable compensation from the organization836887
Total number of independent contractors who received more than $100,000 of compensation from the organization113120
Statement of Revenue
201120122013
Total revenue$744,498,139$760,631,585$961,678,677
Contributions, Gifts, Grants and Other Similar Amounts$222,666,904$197,858,081$295,077,034
Program Service Revenue$520,288,807$546,256,453$576,882,979
561000$546,256,453$576,882,979
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$6,963,457$4,606,189$5,289,094
Income from investment of tax-exempt bond proceeds$12,244$124,740$101,098
Royalties$6,337$473,068$454,530
Net rental income$1,090,872$1,252,233$1,175,850
Gross rents (Real / Personal)$1,090,872 / $0$1,252,233 / $0$1,175,850 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$1,090,872 / $0$1,252,233 / $0$1,175,850 / $0
Net gain/loss from sales of assets other than inventory$-17,834,948$-3,385,808$69,541,369
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0$-3,385,808 / $0$69,541,369 / $0
Less: cost or other basis and sales expenses (Securities / Other)$17,834,948 / $0$0 / $0$0 / $0
Gain or (loss) (Securities / Other)$-17,834,948 / $0$-3,385,808 / $0$69,541,369 / $0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$11,304,466$13,446,629$13,156,723
561000$5,930,908$5,516,110
Child Day Care Services $1,256,721$1,381,613
900003$6,259,000$6,259,000
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$730,307,338$929,715,731$819,128,536
Grants and other assistance to domestic organizations and domestic governments$115,032,652$82,299,681
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$8,164,043$5,636,088$8,203,840
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$271,720,783$291,879,323$298,065,885
Pension plan accruals and contributions$24,252,899$33,915,786
Other employee benefits$40,797,386$41,185,131
Payroll taxes$21,614,782$22,275,490$23,860,474
Fees for services (non-employees)
Management$0$0
Legal$17,983,772$25,981,386
Accounting$1,584,234$1,584,100
Lobbying$1,955,510$2,126,493
Professional fundraising services$211,185$210,639$125,477
Investment management fees$0$0
Other$43,622,642$18,176,021
Advertising and promotion$3,907,292$4,401,455
Office expenses$18,819,115$20,024,140
Information technology$36,454,122$39,469,041
Royalties$0$306,051
Occupancy$27,060,429$27,187,619
Travel$2,198,570$3,592,617
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$801,431$493,576
Interest$103,206,932$116,379,073
Payments to affiliates$0$0
Depreciation, depletion, and amortization$40,374,868$43,813,734
Insurance$797,349$1,071,163
Other expenses$1,508,063$2,011,573
Other expenses$406,995$209,358
Other expenses$3,370,349$11,220,792
Other expenses$0$13,424,070
Balance Sheet
201120122013
Total assets$3,583,614,453$3,785,801,720$4,249,396,529
Cash - non-interest-bearing$0$0
Savings and temporary cash investments$115,274,315$114,299,068
Pledges and grants receivable, net$15,755,598$11,693,250
Accounts receivable, net$23,077,461$24,086,978
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$2,305,967,794$2,841,307,380
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$4,285,522$10,521,341
Land, buildings, and equipment: cost or other basis$322,442,650$332,979,406
Investments - publicly traded securities$0$0
Investments - other securities$774,535,139$732,670,450
Investments - program-related$0$0
Intangible assets$0$0
Other assets$224,463,241$181,838,656
Total liabilities$3,704,631,101$4,062,957,506$4,253,990,833
Accounts payable and accrued expenses$940,281,306$779,565,623
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$2,656,808,379$2,620,091,286$2,571,501,420
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)$502,584,914$902,923,790
Total net assets or fund balances$-121,016,648$-277,155,786$-4,594,304
Unrestricted net assets$-292,648,600$-18,297,770
Temporarily restricted net assets$14,342,814$12,553,466
Permanently restricted net assets$1,150,000$1,150,000
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:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$1,138,604,217
Subtotal Support$1,138,604,217
Gifts, grants, contributions, and membership fees received$1,138,604,217
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$1,241,676,857
Public Support$1,138,604,217
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$103,072,640
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$2,538,176,629
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$252,749,842$284,789,059$303,077,649$395,485,059$422,407,421$479,894,275$520,600,723$551,041,947
Contributions, gifts, grants, and similar amounts received$41,983,741$41,944,223$76,982,118$81,897,355$89,575,403$90,943,947$115,729,247$117,293,782
Contributions to donor advised funds$0$0
Direct public support$3,040,741$912,754$697,545$865,522$1,090,884$1,243,057$6,363,421$8,579,913
Indirect public support$38,943,000$41,031,469$76,284,573$81,031,833$88,484,519$89,700,890$109,365,826$108,713,869
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$190,996,916$225,281,204$216,279,577$273,920,916$303,629,794$335,294,726$362,603,811$404,261,481
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$4,461,034$2,413,793$2,023,610$1,164,794$3,320,693$6,342,696$11,227,296$7,605,735
Dividends and interest from securities$8,413,397$5,069,485$6,495,591$15,023,444$4,344,039$5,272,730$5,208,300$5,749,828
Net rental income or (loss)$535,759$6,000,000$3,999,998$2,000,000$0$505,732$762,418$540,206
Gross rents$535,759$6,000,000$3,999,998$2,000,000$0$505,732$762,418$540,206
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$88,571$-1,936,616$-8,449,944$16,663,581$16,341,301$35,256,814$16,794,111$2,635,138
Gross amount from sales of assets other than inventory$88,571$0$0$16,663,581$16,341,301$35,256,814$16,794,111$2,635,138
Less: cost or other basis and sales expenses$0$1,936,616$8,449,944$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
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$6,270,424$6,016,970$5,746,699$4,814,969$5,196,191$6,277,630$8,275,540$12,955,777
Total expenses$295,738,010$294,010,095$326,378,021$386,017,257$414,781,854$535,428,108$515,231,704$595,178,800
Program services$295,738,010$294,010,095$56,229,071$102,426,776$99,030,380$204,471,447$133,703,998$163,782,097
Management and general$0$0$270,148,950$280,735,292$313,129,539$328,325,623$378,747,549$428,699,405
Fundraising$0$0$0$2,855,189$2,621,935$2,631,038$2,780,157$2,697,298
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$182,444,768$143,340,790$157,825,184$168,559,215$187,571,142$182,752,831$230,606,690$67,917,750
Excess or (deficit) for the year$-42,988,168$-9,221,036$-23,300,372$9,467,802$7,625,567$-55,533,833$5,369,019$-44,136,853
Net assets or fund balances at beginning of year$236,697,000$182,443,768$143,340,790$157,825,184$168,559,215$187,571,142$182,752,831$230,606,690
Other changes in net assets or fund balances$-11,264,064$-29,881,942$37,784,766$1,266,229$11,386,360$50,715,522$42,484,840$-118,552,087
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$595,178,800$163,782,097$428,699,405$2,697,298
Grants paid from donor advised funds$0
Other grants and allocations$42,508,097
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$6,015,677$0$6,015,677$0
Compensation of former officers, directors, key employees, etc.$1,625,783$0$1,625,783$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$230,883,849$0$229,468,594$1,415,255
Pension plan contributions not included above$10,641,807$0$10,641,807$0
Employee benefits not included above$38,295,484$0$37,966,399$329,085
Payroll taxes$18,283,567$0$18,283,567$0
Professional fundraising fees$0$0$0$0
Accounting fees$1,526,596$0$1,526,596$0
Legal fees$20,896,043$0$20,896,043$0
Supplies$4,611,081$0$4,561,147$49,934
Telephone$3,128,436$0$3,093,396$35,040
Postage and shipping$1,453,889$0$1,450,705$3,184
Occupancy$22,337,657$0$22,046,187$291,470
Equipment rental and maintenance$30,780,685$0$30,779,228$1,457
Printing and publications$107,411$0$107,085$326
Travel$2,119,585$0$2,098,648$20,937
Conferences, conventions, and meetings$936,162$0$933,392$2,770
Interest$70,930,877$0$70,930,877$0
Depreciation, depletion, etc.$21,554,845$0$21,554,845$0
Other expenses not covered above$66,541,269$121,274,000$-55,280,571$547,840
Balance Sheets
20002001200220032004200520062007
Total assets$1,068,383,217$1,066,501,792$1,457,547,860$1,502,472,462$1,937,173,296$2,468,766,718$3,261,592,171$2,950,889,948
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$17,506,240$21,285,825$35,618,013$28,307,228$47,476,534$49,531,326$64,233,771$57,436,645
Accounts receivable less allowance for doubtful accounts$281,435$2,130,347$2,101,156$4,954,394$4,344,567$3,026,449$9,269,948$8,418,459
Pledges receivable less allowance for doubtful accounts$200,000$928,559$1,345,111$887,782$670,748$989,283$4,275,411$2,734,983
Grants receivable$0$11,360,000$6,940,000$5,783,333$5,783,333$2,958,887$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$613,051,384$666,445,984$922,200,193$994,337,773$1,167,008,909$1,138,252,088$1,442,935,639$1,620,513,607
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$4,143,317$5,780,619$13,130,311$12,483,555$16,230,206$18,358,418$27,726,827$24,637,461
Investments - publicly-traded securities$797,386,048$499,315,334
Investments - other securities$369,449,377$314,194,863$432,310,749$377,622,717$601,512,122$478,067,821$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$5,490,831$5,079,957$9,331,346$9,886,531$9,886,531$14,563,571$7,043,694$12,309,794
Land, buildings, and equipment less accumulated depreciation$44,985,563$39,295,638$33,479,794$31,195,798$45,744,798$105,610,626$159,832,464$218,612,932
Other assets, including program-related investments$13,275,070$0$1,091,187$37,013,351$38,515,548$657,408,249$748,888,369$506,910,733
Total liabilities$885,938,449$923,161,002$1,299,722,676$1,333,913,247$1,749,602,154$2,286,013,887$3,030,985,481$2,882,972,198
Accounts payable and accrued expenses$178,340,399$217,059,212$216,550,778$275,437,249$308,732,437$354,329,018$371,455,284$448,010,312
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$0$683,843,177$1,083,171,898$1,058,475,998$1,440,869,717$1,414,659,365$2,070,781,693$2,063,257,382
Mortgages and other notes payable$707,598,050$21,000,000$0$0$0$0$0$0
Other liabilities$0$1,258,613$0$0$0$517,025,504$588,748,504$371,704,504
Total liabilities and net assets/fund balances$1,068,383,217$1,066,501,792$1,457,547,859$1,502,472,462$1,937,173,296$2,468,766,718$3,261,592,171$2,950,889,948
Total net assets or fund balances$182,444,768$143,340,790$157,825,184$168,559,215$187,571,142$182,752,831$230,606,690$67,917,750
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$252,749,842$284,789,059$303,077,649$395,485,059$422,407,421$479,894,275$520,600,723$551,041,947
Total revenue, gains, and other support per audited financial statements$244,454,000$244,822,000$268,100,000$395,237,000$432,796,000$466,648,000$519,853,000$472,660,000
Other expenses$0$0$0$0$14,516,000$-9,620,238$27,440,627$-57,812,950
Net unrealized gains on investments$0$0$0$0$14,516,000$-9,620,238$27,440,627$-51,627,827
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$0$-6,185,123
Other revenue$8,295,842$39,967,059$34,977,649$248,059$4,127,421$3,626,037$28,188,350$20,568,997
Investment expenses$0$0$0$0$0$0$0$0
Other$8,295,842$39,967,059$34,977,649$248,059$4,127,421$3,626,037$28,188,350$20,568,997
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$295,738,010$294,010,095$326,378,021$386,017,257$414,781,854$535,428,108$515,231,704$595,178,800
Total expenses and losses per audited financial statements$246,275,000$250,230,000$276,930,000$369,661,000$406,429,000$440,937,000$485,951,000$551,527,000
Other revenue$0$0$0$0$0$0$0$9,309,794
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$0$0$0$0$0$0$9,309,794
Other expenses$49,463,010$43,780,095$49,448,021$16,356,257$8,352,854$94,491,108$29,280,704$52,961,594
Investment expenses$0$0$0$0$0$0$0$0
Other$49,463,010$43,780,095$49,448,021$16,356,257$8,352,854$94,491,108$29,280,704$52,961,594
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$2,729,076$692,794$0
50$1,253,546$369,542$0
50$1,412,398$661,566$0
50$620,657$203,546$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings16
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$1,625,783$29,396$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, 20064,482
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$10,913,165$17,915,884$404,919,116
Program service revenue
Program service revenue 1000000$000$0$404,261,481
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)$7,605,735$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)$5,749,828$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)$540,206$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventoryOther financial vehicles$-80,881Gain (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))$2,716,019$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenuePassive income activities with controlled organizations$10,994,046Section 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))$1,304,096$657,635
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
043236175100%$190,302,971$104,492,426
205281203100%$1,388,877$2,980,249
562383458100%$-371,567$295,120
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
$1,625,783$29,396$0
$956,295$91,752$0
$638,840$164,523$0
$599,268$135,846$0
$515,336$176,454$0
Total number of other employees paid over $50,0003,842
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$933,468
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
19992000200120022003200420052006
Total$248,394,000$252,661,271$285,997,116$310,599,034$379,278,807$406,066,120$444,318,926$497,563,113
Gifts, grants, and contributions received$47,097,000$41,983,741$41,215,664$76,053,559$82,354,684$89,575,403$90,625,412$109,485,748
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$180,810,000$190,996,916$225,281,204$216,279,577$273,920,916$303,629,794$335,294,726$362,603,811
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$20,487,000$19,680,614$19,500,248$18,265,898$23,003,207$12,860,923$18,398,788$25,473,554
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$10,913,165$6,259,002$4,654,163
Gross receipts or sales less returns and allowances$4,735,044$0$0
Cost of goods sold$0$0$0
Gross profit$4,735,044$0$4,735,044
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-80,881$0$-80,881
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$6,259,002$6,259,002$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$4,736,908
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$4,736,908
Unrelated business taxable income$-82,745
Unrelated business taxable income before net operating loss deduction$-82,745
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-82,745
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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