LAHEY CLINIC FOUNDATION INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- LAHEY CLINIC FOUNDATION INC (EIN 04-2323457)
- Tax period
- 2014-10-01 to 2015-09-30
- Filed
- 2016-08-15
- IRS object ID
- 201602289349300005
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-08-15T06:43:47-05:00 | ReturnTs |
| Tax Period End | 2015-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135381590 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 PORTLAND STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02114 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042323457 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAHEY CLINIC FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LAHE | BusinessNameControlTxt |
| Phone | 7817445100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 41 MALL ROAD | AddressLine1Txt |
| City | BURLINGTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01805 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HOWARD R GRANT JD MD | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 7817445100 | PhoneNum |
| Signature | 2016-08-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEFFREY T ROGERS | PreparerPersonNm |
| PTIN | P00744592 | PTIN |
| Phone | 6177427788 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-09-27 15:27:22Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | HOWARD R GRANT JD MD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 41 MALL ROAD | AddressLine1Txt |
| City | BURLINGTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01805 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $43,968,631 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LAHEY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1963 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | LAHEY CLINIC FOUNDATION, INC. SUPPORTS LAHEY CLINIC HOSPITAL, INC.,AND LAHEY CLINIC, INC. LAHEY HOSPITAL & MEDICAL CENTER, IN ASSOCIATION WITH THE TUFTS UNIVERSITY SCHOOL OF MEDICINE, PROVIDES SUPERIOR HEALTH CARE LEADING TO THE BEST POSSIBLE OUTCOMES FOR EVERY PATIENT. AS ONE OF THE WORLD'S PREMIER HEALTH CARE ORGANIZATIONS, LAHEY HOSPITAL & MEDICAL CENTER AIMS TO EXCEED PATIENT'S HIGH EXPECTATIONS FOR SERVICE AND ADVANCE MEDICINE THROUGH RESEARCH AND THE EDUCATION OF TOMORROW'S HEALTH CARE LEADERS. IN ADDITION, LAHEY HOSPITAL & MEDICAL CENTER IS COMMITTED TO IMPROVING THE HEALTH AND QUALITY OF LIFE OF COMMUNITY RESIDENTS BY SUPPORTING LOCAL ORGANIZATIONS ALIGNED WITH THIS MISSION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 723 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | -$9,355 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$9,355 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,862,987 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,188,265 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,572,274 | PYInvestmentIncomeAmt |
| CY Investment Income | $38,780,366 | CYInvestmentIncomeAmt |
| PY Other Revenue | $32,402 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $10,467,663 | PYTotalRevenueAmt |
| CY Total Revenue | $43,968,631 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,465,581 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $391,278 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,056,524 | PYOtherExpensesAmt |
| CY Other Expenses | $0 | CYOtherExpensesAmt |
| PY Total Expenses | $8,913,383 | PYTotalExpensesAmt |
| CY Total Expenses | $0 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,554,280 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $43,968,631 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,118,347,920 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,187,008,303 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $726,481,775 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $790,513,613 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $391,866,145 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $396,494,690 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $0 | ExpenseAmt |
| Revenue | $0 | RevenueAmt |
| Desc | LAHEY CLINIC FOUNDATION, INC., (FOUNDATION) IS THE SOLE CORPORATE MEMBER OF LAHEY CLINIC HOSPITAL, INC. (HOSPITAL), AND LAHEY CLINIC, INC. (CLINIC). THE FOUNDATION HOLDS CAPITAL ASSETS, INVESTMENTS, DEBT, AND INFRASTRUCTURE COSTS TO PROVIDE ASSISTANCE TO THE HOSPITAL AND CLINIC FOR THE PROVISION OF PATIENT HEALTH CARE SERVICES, PATIENT EDUCATION, COMMUNITY BENEFITS AND COMMUNITY SERVICE PROGRAMS, CONTINUING EDUCATION OF HEALTH CARE PROVIDERS, AS WELL AS HEALTH CARE RESEARCH ACTIVITIES. | Desc |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 208 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 723 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CA | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIMOTHY O'CONNOR | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7817445100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 41 MALL ROAD | AddressLine1Txt |
| City | BURLINGTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01805 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (39 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| HOWARD R GRANT JD MD | |||||||||
| TRUSTEE/OFFICER/PRESIDENT & CEO | 50.00 | 1.00 | Yes (X) | Yes (X) | $1,106,889 | $905,636 | $278,701 | ||
| JOHN A LIBERTINO MD | |||||||||
| TRUSTEE/PHYSICIAN/DEPARTMENT CHAIR | 1.00 | 40.00 | Yes (X) | $0 | $851,691 | $21,468 | |||
| RICHARD W NESTO MD | |||||||||
| TRUSTEE/CMO LAHEY HEALTH/PHYSICIAN | 40.00 | 1.00 | Yes (X) | $597,095 | $243,884 | $93,878 | |||
| ROGER L JENKINS MD | |||||||||
| TRUSTEE/PHYSICIAN | 1.00 | 40.00 | Yes (X) | $0 | $626,415 | $31,483 | |||
| RICHARD S D'AGOSTINO MD | |||||||||
| TRUSTEE/PHYSICIAN/DEPARTMENT CHAIR | 1.00 | 40.00 | Yes (X) | $0 | $639,523 | $30,662 | |||
| ANDREW G VILLANUEVA MD | |||||||||
| TRUSTEE/CMO LHMC/PHYSICIAN | 1.00 | 40.00 | Yes (X) | $0 | $408,781 | $11,190 | |||
| BETSEY CRAWFORD MD | |||||||||
| TRUSTEE/PHYSICIAN | 1.00 | 40.00 | Yes (X) | $0 | $221,260 | $1,181 | |||
| ARTHUR P MOURTZINOS MD | |||||||||
| TRUSTEE/PHYSICIAN | 1.00 | 40.00 | Yes (X) | $0 | $522,864 | $26,873 | |||
| REBECCA C YANG MD | |||||||||
| TRUSTEE/PHYSICIAN | 1.00 | 40.00 | Yes (X) | $0 | $383,299 | $32,166 | |||
| ERIC M BAILEY | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CRAIG R BENSON | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANN MARIE CONNOLLY | |||||||||
| TRUSTEE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||||
| JAMES D IRVING | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| J WILLIAM PODUSKA | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| WINDLE B PRIEM | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| STUART REESE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CAROLYN AIN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JANE C EDMUNDS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DEBORAH MCKENNA | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID WAJSGRAS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| EDWARD ESKANDARIAN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| TIMOTHY O'CONNOR | |||||||||
| OFFICER/EVP CFO & TREASURER | 50.00 | 1.00 | Yes (X) | $522,673 | $224,003 | $148,876 | |||
| DAVID G SPACKMAN | |||||||||
| OFFICER/SVP GOV AFFAIRS & GEN COUNSEL | 50.00 | 1.00 | Yes (X) | $319,908 | $130,667 | $51,385 | |||
| MARYELLEN LEAR | |||||||||
| OFFICER/LEGAL SUPPORT SERV. | 1.00 | 40.00 | Yes (X) | $0 | $99,883 | $1,785 | |||
| PETER LLOYD | |||||||||
| OFFICER/VP CORPORATE FINANCE | 40.00 | 1.00 | Yes (X) | $253,958 | $103,729 | $21,482 | |||
| DEREK C BELLIN MD | |||||||||
| SVP INSTITUTIONAL ADV & CMO/PHYSICIAN | 40.00 | $317,468 | $105,822 | $35,324 | Yes (X) | ||||
| LISA M COLOMBO | |||||||||
| SVP CHIEF NURSING OFFICER | 40.00 | $17,929 | $340,631 | $39,955 | Yes (X) | ||||
| JOSEPH C CORKERY MD | |||||||||
| CHIEF INST. ADV. OFFICER | 40.00 | $504,922 | $0 | $22,655 | Yes (X) | ||||
| JOANNE M CONROY | |||||||||
| EVP LHS & CEO LHMC | 40.00 | $372,804 | $0 | $39,938 | Yes (X) | ||||
| GREGORY A BAZYLEWICZ MD | |||||||||
| SVP CHIEF NETWRK DVLP OFFC | 40.00 | 1.00 | $406,322 | $238,633 | $52,148 | Yes (X) | |||
| ELIZABETH P CONRAD | |||||||||
| SVP CHIEF HR OFFICER | 40.00 | 1.00 | $258,179 | $115,994 | $55,551 | Yes (X) | |||
| BRUCE A METZ | |||||||||
| SVP CHIEF INFO OFFICER | 1.00 | 40.00 | $0 | $411,703 | $31,863 | Yes (X) | |||
| MICHAEL JELLNICK | |||||||||
| EVP LHS & CEO LHS COMM NETWRK | 40.00 | 1.00 | $100,452 | $245,934 | $45,448 | Yes (X) | |||
| TRACY A GALVIN | |||||||||
| ACNO CRITICAL CARE CDU | 1.00 | 40.00 | $0 | $218,921 | $9,747 | Yes (X) | |||
| PHILLIPS AXTEN | |||||||||
| VP CCO & ASSOC GENL COUNSEL | 40.00 | 1.00 | $250,423 | $112,509 | $2,670 | Yes (X) | |||
| KEVIN H HOPPE | |||||||||
| VICE PRESIDENT LAHEY ACU | 40.00 | $331,878 | $0 | $46,659 | Yes (X) | ||||
| ALLAN S DANIS | |||||||||
| VP CONTRACTING | 40.00 | $341,514 | $0 | $1,403 | Yes (X) | ||||
| KIMBERLY A PERRYMAN | |||||||||
| CNO BEVERLY HOSPITAL | 40.00 | $311,689 | $0 | $48,955 | Yes (X) | ||||
| THOMAS J CAHILL JR | |||||||||
| VP PHILANTHROPY | 40.00 | $311,529 | $0 | $32,027 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,325,632 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $7,151,782 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,215,473 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 16 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DELOITTE CONSULTING LLP | |||||
| PO BOX 7247-6447 | PHILADELPHIA | PA | 19170 | CONSULTING | $8,435,247 |
| AMEGY BANK NATIONAL ASSOCIATION | |||||
| 4400 POST OAK PARKWAY | HOUSTON | TX | 77210 | FINANCIAL SERVICE | $5,924,285 |
| EPIC SYSTEMS CORPORATION | |||||
| PO BOX 88314 | MILWAUKEE | WI | 53288 | CONSULTING | $3,509,481 |
| NRS GLOBAL PARTNERS | |||||
| 2300 CROWN COLONY | QUINCY | MA | 02169 | CONSULTING | $915,432 |
| BRAND UNION CO INC | |||||
| PO BOX 7247-7196 | PHILADELPHIA | PA | 19170 | CONSULTING | $513,278 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 61 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $5,188,265 | AllOtherContributionsAmt |
| Noncash Contributions | $248,296 | NoncashContributionsAmt |
| Total Contributions | $5,188,265 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,110,172 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$9,355 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,119,527 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $33,104,501 | SecuritiesAmt |
| Other | $1,565,693 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $33,104,501 | SecuritiesAmt |
| Other | $1,565,693 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $34,670,194 | TotalRevenueColumnAmt |
| Exclusion | $34,670,194 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $43,968,631 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$9,355 | UnrelatedBusinessRevenueAmt |
| Exclusion | $38,789,721 | ExclusionAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,492,075 | BOYAmt |
| EOY | $35,524,110 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,750 | BOYAmt |
| EOY | $708,810 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,584,069 | BOYAmt |
| EOY | $1,049,621 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,191,971,970 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $638,831,501 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $451,404,393 | BOYAmt |
| EOY | $553,140,469 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $155,013,769 | BOYAmt |
| EOY | $206,249,927 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $247,017,163 | BOYAmt |
| EOY | $99,519,501 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $257,799,701 | BOYAmt |
| EOY | $290,815,865 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,118,347,920 | BOYAmt |
| EOY | $1,187,008,303 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,660,243 | BOYAmt |
| EOY | $20,111,982 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,760 | BOYAmt |
| EOY | $11,760 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $276,711,096 | BOYAmt |
| EOY | $259,026,861 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,500,934 | BOYAmt |
| EOY | $1,028,802 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $30,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $420,597,742 | BOYAmt |
| EOY | $480,334,208 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $726,481,775 | BOYAmt |
| EOY | $790,513,613 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $285,524,850 | BOYAmt |
| EOY | $299,041,115 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,426,621 | BOYAmt |
| EOY | $36,035,948 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,914,674 | BOYAmt |
| EOY | $61,417,627 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $391,866,145 | BOYAmt |
| EOY | $396,494,690 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,118,347,920 | BOYAmt |
| EOY | $1,187,008,303 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $43,968,631 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$36,202,310 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$3,137,776 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,768,044 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,285,682 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,626,570 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,862,987 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,188,265 | CurrentTaxYearAmt |
| Total | $20,731,548 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,768,044 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,285,682 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,626,570 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,862,987 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,188,265 | CurrentTaxYearAmt |
| Total | $20,731,548 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $20,731,548 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,684,596 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,873,563 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,479,683 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,008,298 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,110,172 | CurrentTaxYearAmt |
| Total | $19,156,312 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,134 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,070 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $153,169 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $32,402 | CurrentTaxYearMinus1YearAmt |
| Total | $200,775 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $40,088,635 | TotalSupportAmt |
| Public Support CY170 | 0.51710 | PublicSupportCY170Pct |
| Public Support PY170 | 0.51380 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $325,051,422 | BeginningYearBalanceAmt |
| Contributions | $1,108,268 | ContributionsAmt |
| Investment Earnings Or Losses | -$4,193,908 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$15,647,580 | OtherExpendituresAmt |
| Administrative Expenses | -$548,774 | AdministrativeExpensesAmt |
| End Year Balance | $305,769,428 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $295,405,414 | BeginningYearBalanceAmt |
| Contributions | $10,196,514 | ContributionsAmt |
| Investment Earnings Or Losses | $20,788,272 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $800,000 | OtherExpendituresAmt |
| Administrative Expenses | $538,778 | AdministrativeExpensesAmt |
| End Year Balance | $325,051,422 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $284,504,199 | BeginningYearBalanceAmt |
| Contributions | $688,023 | ContributionsAmt |
| Investment Earnings Or Losses | $16,904,514 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $6,048,789 | OtherExpendituresAmt |
| Administrative Expenses | $642,533 | AdministrativeExpensesAmt |
| End Year Balance | $295,405,414 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $266,009,728 | BeginningYearBalanceAmt |
| Contributions | $946,986 | ContributionsAmt |
| Investment Earnings Or Losses | $25,996,140 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,824,838 | OtherExpendituresAmt |
| Administrative Expenses | $623,817 | AdministrativeExpensesAmt |
| End Year Balance | $284,504,199 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $275,817,593 | BeginningYearBalanceAmt |
| Contributions | $1,849,984 | ContributionsAmt |
| Investment Earnings Or Losses | -$726,521 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $10,133,190 | OtherExpendituresAmt |
| Administrative Expenses | $798,138 | AdministrativeExpensesAmt |
| End Year Balance | $266,009,728 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.79000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.21000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,393,209 | OtherCostOrOtherBasisAmt |
| Book Value | $15,393,209 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $421,881,789 | OtherCostOrOtherBasisAmt |
| Depreciation | $188,553,065 | DepreciationAmt |
| Book Value | $233,328,724 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,856,146 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,080,837 | DepreciationAmt |
| Book Value | $1,775,309 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $730,659,213 | OtherCostOrOtherBasisAmt |
| Depreciation | $429,833,935 | DepreciationAmt |
| Book Value | $300,825,278 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,181,613 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,363,664 | DepreciationAmt |
| Book Value | $1,817,949 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $553,140,469 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INVESTMENTS | Desc |
| Book Value | $99,519,501 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $99,519,501 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (8 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DEFERRED DEBT ISSUE COSTS, NET | $2,999,607 |
| INVESTMENT - LAHEY CLINIC INSURANCE | $120,000 |
| INVESTMENT - JOINT VENTURE - FELLSWAY DEVELOPMENT | $6,938,520 |
| OTHER RECEIVABLES - EMPLOYEES | $378,597 |
| ASSETS HELD UNDER SPLIT INTEREST AGREEMENTS | $9,736,717 |
| BENEFICIAL INTEREST IN PERPETUAL AND LEAD TRUSTS | $30,890,965 |
| INVESTMENTS - OTHER | $4,510,547 |
| INTERCOMPANY RECEIVABLES | $235,240,912 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $290,815,865 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| INTERCOMPANY PAYABLES | $473,716,681 |
| SPLIT INTEREST LIABILITY | $5,566,282 |
| CONDITIONAL ASSET RETIREMENT OBLIGATION | $1,051,245 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $480,334,208 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $13,516,265 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$36,202,310 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $10,938,209 | OtherRevenueAmt |
| Revenue Not Reported | -$25,264,101 | RevenueNotReportedAmt |
| Revenue Subtotal | $38,780,366 | RevenueSubtotalAmt |
| Other Revenues Not Included | $5,188,265 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $5,188,265 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $43,968,631 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $0 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $0 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $0 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | THE ORGANIZATION MAINTAINS COLLECTIONS OF ART FOR DISPLAY TO IMPROVE THE PATIENT CARE ENVIRONMENT. |
| PART V, LINE 4: | THE ORGANIZATION'S ENDOWMENT FUNDS SUBSIDIZE THE COSTS OF PROVIDING SUPERIOR HEALTH CARE LEADING TO THE BEST POSSIBLE OUTCOME FOR EVERY PATIENT. THE COSTS ARE FOR PATIENT CARE, PATIENT EDUCATION, CONTINUING EDUCATION OF HEALTH CARE PROVIDERS, RESEARCH, AND CAPITAL EXPENDITURES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | UNRESTRICTED CONTRIBUTIONS 2,674,593. ASSETS RELEASED FROM TIME RESTRICTIONS 234,608. ASSETS RELEASED FROM RESTRICTIONS 8,293,255. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -264,247. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | CONTRIBUTIONS, GIFTS, AND GRANTS 5,188,265. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| NORTH AMERICA | 0 | 0 | FUNDRAISING | $5,180,454 |
| CENTRAL AMERICA/CARIBBEAN | 0 | 0 | INVESTMENTS | $21,990,598 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $27,171,052 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $27,171,052 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3: | FormAndLineReferenceDesc |
| Explanation | LAHEY CLINIC FOUNDATION, INC. DOES NOT SEPARATELY TRACK EXPENDITURES FOR FUNDRAISING OUTSIDE THE UNITED STATES IN THE REGION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (26 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HOWARD R GRANT JD MD | ||||||||||||||
| TRUSTEE/OFFICER/PRESIDENT & CEO | $872,864 | $714,161 | $211,750 | $173,250 | $22,275 | $18,225 | $136,623 | $111,782 | $16,663 | $13,633 | $1,260,175 | $1,031,051 | $0 | $0 |
| JOHN A LIBERTINO MD | ||||||||||||||
| TRUSTEE/PHYSICIAN/DEPARTMENT CHAIR | $0 | $702,976 | $0 | $120,715 | $0 | $28,000 | $0 | $0 | $0 | $21,468 | $0 | $873,159 | $0 | $0 |
| RICHARD W NESTO MD | ||||||||||||||
| TRUSTEE/CMO LAHEY HEALTH/PHYSICIAN | $482,891 | $197,237 | $94,324 | $38,527 | $19,880 | $8,120 | $47,925 | $19,575 | $18,728 | $7,650 | $663,748 | $271,109 | $0 | $0 |
| ROGER L JENKINS MD | ||||||||||||||
| TRUSTEE/PHYSICIAN | $0 | $533,213 | $0 | $50,202 | $0 | $43,000 | $0 | $0 | $0 | $31,483 | $0 | $657,898 | $0 | $0 |
| RICHARD S D'AGOSTINO MD | ||||||||||||||
| TRUSTEE/PHYSICIAN/DEPARTMENT CHAIR | $0 | $495,809 | $0 | $93,214 | $0 | $50,500 | $0 | $0 | $0 | $30,662 | $0 | $670,185 | $0 | $0 |
| ANDREW G VILLANUEVA MD | ||||||||||||||
| TRUSTEE/CMO LHMC/PHYSICIAN | $0 | $312,087 | $0 | $56,194 | $0 | $40,500 | $0 | $0 | $0 | $11,190 | $0 | $419,971 | $0 | $0 |
| BETSEY CRAWFORD MD | ||||||||||||||
| TRUSTEE/PHYSICIAN | $0 | $173,006 | $0 | $25,254 | $0 | $23,000 | $0 | $0 | $0 | $1,181 | $0 | $222,441 | $0 | $0 |
| ARTHUR P MOURTZINOS MD | ||||||||||||||
| TRUSTEE/PHYSICIAN | $0 | $456,204 | $0 | $39,160 | $0 | $27,500 | $0 | $0 | $0 | $26,873 | $0 | $549,737 | $0 | $0 |
| REBECCA C YANG MD | ||||||||||||||
| TRUSTEE/PHYSICIAN | $0 | $326,602 | $0 | $39,197 | $0 | $17,500 | $0 | $0 | $0 | $32,166 | $0 | $415,465 | $0 | $0 |
| TIMOTHY O'CONNOR | ||||||||||||||
| OFFICER/EVP CFO & TREASURER | $413,389 | $177,167 | $86,184 | $36,936 | $23,100 | $9,900 | $85,120 | $36,480 | $19,093 | $8,183 | $626,886 | $268,666 | $0 | $0 |
| DAVID G SPACKMAN | ||||||||||||||
| OFFICER/SVP GOV AFFAIRS & GEN COUNSE | $261,617 | $106,858 | $45,454 | $18,566 | $12,837 | $5,243 | $20,168 | $8,237 | $16,316 | $6,664 | $356,392 | $145,568 | $0 | $0 |
| PETER LLOYD | ||||||||||||||
| OFFICER/VP CORPORATE FINANCE | $196,909 | $80,427 | $33,619 | $13,732 | $23,430 | $9,570 | $0 | $0 | $15,252 | $6,230 | $269,210 | $109,959 | $0 | $0 |
| DEREK C BELLIN MD | ||||||||||||||
| SVP INSTITUTIONAL ADV & CMO/PHYSICIA | $129,537 | $43,179 | $53,983 | $17,994 | $133,948 | $44,649 | $18,059 | $6,020 | $8,434 | $2,811 | $343,961 | $114,653 | $0 | $0 |
| LISA M COLOMBO | ||||||||||||||
| SVP CHIEF NURSING OFFICER | $16,257 | $308,877 | $944 | $17,927 | $728 | $13,827 | $1,089 | $20,686 | $909 | $17,271 | $19,927 | $378,588 | $0 | $0 |
| JOSEPH C CORKERY MD | ||||||||||||||
| CHIEF INST. ADV. OFFICER | $362,044 | $0 | $82,378 | $0 | $60,500 | $0 | $0 | $0 | $22,655 | $0 | $527,577 | $0 | $0 | $0 |
| JOANNE M CONROY | ||||||||||||||
| EVP LHS & CEO LHMC | $360,292 | $0 | $0 | $0 | $12,512 | $0 | $28,405 | $0 | $11,533 | $0 | $412,742 | $0 | $0 | $0 |
| GREGORY A BAZYLEWICZ MD | ||||||||||||||
| SVP CHIEF NETWRK DVLP OFFC | $324,030 | $190,303 | $44,177 | $25,945 | $38,115 | $22,385 | $19,155 | $11,250 | $13,698 | $8,045 | $439,175 | $257,928 | $0 | $0 |
| ELIZABETH P CONRAD | ||||||||||||||
| SVP CHIEF HR OFFICER | $221,712 | $99,610 | $20,712 | $9,305 | $15,755 | $7,079 | $19,599 | $8,806 | $18,731 | $8,415 | $296,509 | $133,215 | $0 | $0 |
| BRUCE A METZ | ||||||||||||||
| SVP CHIEF INFO OFFICER | $0 | $315,925 | $0 | $55,278 | $0 | $40,500 | $0 | $28,405 | $0 | $3,458 | $0 | $443,566 | $0 | $0 |
| MICHAEL JELLNICK | ||||||||||||||
| EVP LHS & CEO LHS COMM NETWRK | $100,089 | $245,046 | $0 | $0 | $363 | $888 | $7,455 | $18,252 | $5,725 | $14,016 | $113,632 | $278,202 | $0 | $0 |
| TRACY A GALVIN | ||||||||||||||
| ACNO CRITICAL CARE CDU | $0 | $187,716 | $0 | $25,448 | $0 | $5,757 | $0 | $0 | $0 | $9,747 | $0 | $228,668 | $0 | $0 |
| PHILLIPS AXTEN | ||||||||||||||
| VP CCO & ASSOC GENL COUNSEL | $216,989 | $97,488 | $33,434 | $15,021 | $0 | $0 | $0 | $0 | $1,842 | $828 | $252,265 | $113,337 | $0 | $0 |
| KEVIN H HOPPE | ||||||||||||||
| VICE PRESIDENT LAHEY ACU | $298,262 | $0 | $20,000 | $0 | $13,616 | $0 | $18,460 | $0 | $28,199 | $0 | $378,537 | $0 | $0 | $0 |
| ALLAN S DANIS | ||||||||||||||
| VP CONTRACTING | $256,768 | $0 | $44,246 | $0 | $40,500 | $0 | $0 | $0 | $1,403 | $0 | $342,917 | $0 | $0 | $0 |
| KIMBERLY A PERRYMAN | ||||||||||||||
| CNO BEVERLY HOSPITAL | $243,007 | $0 | $45,682 | $0 | $23,000 | $0 | $21,775 | $0 | $27,180 | $0 | $360,644 | $0 | $0 | $0 |
| THOMAS J CAHILL JR | ||||||||||||||
| VP PHILANTHROPY | $273,223 | $0 | $25,775 | $0 | $12,531 | $0 | $28,405 | $0 | $3,622 | $0 | $343,556 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3 | THE ITEMS CHECKED IN SCHEDULE J, PART I, LINE 1A, VIA AN EXECUTED EMPLOYMENT AGREEMENT, WERE NEGOTIATED AND AGREED TO BY BOTH PARTIES AND THEIR REPRESENTATIVES. |
| PART I, LINE 4B | THE ORGANIZATION MAINTAINS A 457F NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN PHYSICIANS, EXECUTIVE MANAGEMENT AND DEFINED MEDICAL STAFF. THE PLAN OFFERS PARTICIPATING EMPLOYEES AN ANNUAL DEFERRAL OF COMPENSATION IN ADDITION TO THEIR SALARIES. FOR THE CURRENT PERIOD, THE FOLLOWING INDVIDUALS PARTICIPATED IN THE 457F NON-QUALIFIED DEFERRED COMPENSATION PLAN. HOWARD R. GRANT, JD, MD $220,000 TIMOTHY O'CONNOR $121,600 RICHARD W. NESTO $67,500 |
| PART I, LINE 7 | THE NON-FIXED PAYMENT BONUSES REPORTED IN SCHEDULE J, PART II, COLUMN B(II) ARE DETERMINED BY AN INDEPENDENT COMPENSATION COMMITTEE, WHICH INCLUDES A GROUP OF TRUSTEES. IN A SUBJECTIVE MANNER, THE COMMITTEE TAKES INTO ACCOUNT THE ACHIEVEMENTS OF BOTH THE ORGANIZATION AND THE INDIVIDUAL TO DETERMINE AN APPROPRIATE AMOUNT OF SUCH BONUSES. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| 2005 MHEFA SERIES C BONDS | ||||||||
| A | 042456011 | 57586CKW4 | 2005-07-14 | $161,296,967 | REFUNDING AND DEFEASANCE OF EXISTING LONG-TERM DEBT AND A NEW PARKING GARAGE | 0 | 0 | 0 |
| 2007 MHEFA SERIES D BONDS | ||||||||
| B | 042456011 | 57586CE68 | 2007-08-17 | $48,655,976 | EXPANSION, RENOVATION, FURNISHING AND EQUIPPING OF AN AMBULATORY CARE CENTER | 0 | 0 | 0 |
| 2013 MDFA SERIES E BONDS | ||||||||
| C | 134994650 | 2013-03-07 | $130,000,000 | CONSTRUCTION/EQUIPPING OF A POWER PLANT AND ACQUISITION OF CAPITAL ASSETS | 0 | 0 | 0 | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $51,489,557 | $163,666,057 | $1,259,007 | $3,594,356 | $51,328,227 | $107,484,467 | 2006 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | -$39,475 | $51,388,809 | $870,765 | $50,518,044 | 2009 | 0 | 0 | Yes (1) | Yes (1) | ||
| C | $29,475,000 | $130,050,301 | $500,000 | $129,550,301 | 0 | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0.00940 | 0.00240 | 0.01180 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Business Name Line2GICProviderName/BusinessNameLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| XL ASSET FUND CO I | ||||||||||||
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | Yes (1) | 1.830000000000 | Yes (1) | 0 | 0 | |
| AIG MATCH FUND | ||||||||||||
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | Yes (1) | 1.000000000000 | Yes (1) | 0 | 0 | CORP |
| (no name) | ||||||||||||
| C | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BERNARD GORDON | PersonNm |
| Relationship With Org | FORMER TRUSTEE | RelationshipWithOrgTxt |
| Loan Purpose | ASSET ACQUISITION | LoanPurposeTxt |
| Loan To Organization | Yes (X) | LoanToOrganizationInd |
| Original Principal | $5,000,000 | OriginalPrincipalAmt |
| Balance Due | $1,028,802 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $1,028,802 | TotalBalanceDueAmt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 16 | ContributionCnt |
| Noncash Contributions Rpt F990 | $248,296 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | HIGH-LOW AVERAGE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (14 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART IV, LINE 11(F) AND SCHEDULE D, PART X, LINE 2 | THE ORGANIZATION'S FINANCIAL STATEMENTS DID NOT REPORT A LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48. |
| FORM 990, PART IV, LINE 4 | LAHEY HEALTH SYSTEM, INC. IS IN CONTACT WITH FEDERAL AND STATE LEGISLATORS REGARDING HEALTH CARE REFORM ISSUES THAT WOULD POTENTIALLY HAVE AN IMPACT ON THE ORGANIZATION AND ITS RELATED ORGANIZATIONS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE LAHEY HOSPITAL AND MEDICAL CENTER CONSISTS OF THREE NON-PROFIT CORPORATIONS, LAHEY CLINIC HOSPITAL, INC. (EIN # 04-2704686), LAHEY CLINIC, INC. (EIN # 04-2704683), LAHEY CLINIC FOUNDATION, INC. (EIN # 04-2323457) ALL THREE OF THE CORPORATIONS ARE TAX EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C) (3). LAHEY CLINIC FOUNDATION, INC. IS THE SOLE CORPORATE MEMBER OF EACH OF THE OTHER TWO CORPORATIONS. THE BOARD OF TRUSTEES (GOVERNING BODY) AND CORPORATE OFFICERS OF THE THREE CORPORATIONS CONSIST OF THE EXACT SAME MEMBERS. EFFECTIVE MAY 1, 2012, LAHEY CLINIC FOUNDATION, INC. AND NORTHEAST HEALTH SYSTEM, INC. COMPLETED AN AFFILIATION WITH EACH OTHER AND ESTABLISHED A NEW ORGANIZATION, LAHEY HEALTH SYSTEM, INC. ("LHS"), TO SERVE AS THE PARENT OF EACH AND THE HEALTH SYSTEM. ON JULY 1, 2014, LHS AND WINCHESTER HEALTHCARE MANAGEMENT, INC ENTERED INTO AN AFFILIATION. THE SOLE CORPORATE MEMBER OF THE REPORTING ORGANIZATION IS LAHEY HEALTH SYSTEM, INC. THE REPORTING ORGANIZATION'S MEMBER HAS, WITH RESPECT TO THE REPORTING ORGANIZATION, THE RIGHT TO EXERCISE ALL POWERS CONFERRED ON MEMBERS OF NON-PROFIT CORPORATIONS UNDER MASSACHUSETTS GENERAL LAWS CHAPTER 180, INCLUDING, WITHOUT LIMITATION, POWERS WITH RESPECT TO THE FOLLOWING: (A) APPOINTMENT AND REMOVAL OF MEMBERS OF THE BOARD OF TRUSTEES; (B) AMENDMENT OF THE ARTICLES OF ORGANIZATION; (C) AMENDMENT OF THE BY-LAWS; (D) THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS; AND (E) THE MERGER OR CONSOLIDATION OF THE CORPORATION WITH ANOTHER CORPORATION. THE ARTICLES OF INCORPORATION OF THE REPORTING ORGANIZATION WERE AMENDED JULY 1, 2014 AND THE BY-LAWS WERE AMENDED ON JULY 1, 2014 TO REFLECT THE AFOREMENTIONED CHANGES. |
| FORM 990, PART VI, SECTION A, LINE 7A | PLEASE SEE PREVIOUS DISCLOSURE FOR FORM 990, PART VI, SECTION A, LINE 6 |
| FORM 990, PART VI, SECTION A, LINE 7B | PLEASE SEE PREVIOUS DISCLOSURE FOR FORM 990, PART VI, SECTION A, LINE 6 |
| FORM 990, PART VI, SECTION B, LINE 11 | MANAGEMENT PREPARED THE IRS FORM 990 ALONG WITH INDEPENDENT TAX CONSULTANTS WHO SIGN THE RETURN AS A PAID PREPARER. PRIOR TO THE FILING DATE, A DRAFT OF THE IRS FORM 990 WAS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES VIA A SECURED WEBSITE. IN ADDITION, THE FINAL FORM 990 WAS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES VIA THE SAME SECURED WEBSITE. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL OFFICERS, TRUSTEES, KEY EMPLOYEES, PHYSICIANS AND MANAGEMENT EMPLOYEES AT ALL LEVELS, ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE LHS CORPORATE COMPLIANCE DEPARTMENT MONITORS AND REVIEWS EACH DISCLOSURE FOR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE CORPORATE COMPLIANCE DEPARTMENT MONITORS CONFLICTS OF INTEREST THROUGH DISCLOSURE SOFTWARE, TRAINING, AND INDIVIDUAL REVIEWS WITH PHYSICIANS, KEY EMPLOYEES, AND MANAGERS. DEPENDING ON THE CONFLICT OF INTEREST: A PERSON COULD BE ASKED TO NOT PARTICIPATE IN DECISIONS MADE ON BEHALF OF THE LAHEY HEALTH SYSTEM, INC. AND AFFILIATES; A PERSON MAY BE TOLD THEY CANNOT BE A PRINCIPAL INVESTIGATOR ON A RESEARCH STUDY; A PERSON MAY BE TOLD THAT THEY CANNOT PERFORM THE TASK THAT CREATES THE CONFLICT; A PERSON COULD BE ASKED TO REMOVE THEMSELVES FROM A COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 15 | INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES COMPRISE THE COMPENSATION COMMITTEE. THE COMMITTEE SETS THE COMPENSATION AND BENEFITS FOR THE CEO AND ALSO REVIEWS AND APPROVES RECOMMENDATIONS FOR THE COMPENSATION AND BENEFITS FOR DISQUALIFIED INDIVIDUALS AND OTHERS. THE COMMITTEE SEEKS THE ADVICE OF EXTERNAL COMPENSATION CONSULTANTS. COMPARABILITY DATA IS PROVIDED, ANALYZED, AND DOCUMENTED BY THE EXTERNAL CONSULTANTS. THE LAHEY SENIOR VP, CHIEF HR OFFICER PROVIDES THE COMMITTEE WITH ANY REQUESTED INFORMATION. THE COMMITTEE MET SEVERAL TIMES THIS YEAR. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND OTHER COMPLIANCE POLICIES ARE MADE AVAILABLE TO THE PUBLIC VIA THE ORGANIZATION'S WEBSITE. IN ADDITION, THE ORGANIZATION PRESENTS FINANCIAL INFORMATION TO THE PUBLIC AS AN ATTACHMENT TO ITS MASSACHUSETTS OFFICE OF THE ATTORNEY GENERAL FORM PC. |
| FORM 990, PART VI, SECTION B, LINE 14 | LAHEY HEALTH SYSTEM, INC. AND AFFILIATES HAS A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY KNOWN AS THE "RETENTION OF ADMINISTRATIVE AND CLINICAL DOCUMENTS". THE REVISED "RETENTION OF ADMINISTRATIVE AND CLINICAL DOCUMENTS" POLICY WAS APPROVED BY THE MEDICAL PRACTICE AND UTILIZATION COMMITTEE ON JULY 26, 2012. |
| FORM 990, PART VI, SECTION B, LINE 16B | THE ORGANIZATION NEGOTIATES ARRANGEMENTS TO INCLUDE TERMS AND SAFEGUARDS TO ENSURE THAT THE ORGANIZATION'S EXEMPT STATUS IS PROTECTED. FROM A LEGAL PERSPECTIVE, IN-HOUSE LEGAL COUNSEL, WITH THE INPUT OF EXTERNAL LEGAL COUNSEL, REVIEWS ALL PROPOSED JOINT VENTURE AND PARTNERSHIP AGREEMENTS. FROM A FINANCIAL PERSPECTIVE, LHS'S FINANCE MANAGEMENT TEAM REVIEWS ALL PROPOSED JOINT VENTURE AND PARTNERSHIP AGREEMENTS. BOTH REVIEWS TAKE PLACE BEFORE LAHEY HEALTH SYSTEM, INC. AND AFFILIATES ENTERS INTO ANY SUCH AGREEMENTS. |
| FORM 990, PART VII, SECTION A | LAHEY CLINIC FOUNDATION, INC. AND ITS RELATED ORGANIZATIONS DO NOT COMPENSATE ANY TRUSTEE IN THEIR CAPACITY AS A TRUSTEE. ALL COMPENSATION PAID IS FOR WORK PERFORMED IN THE EMPLOYEE'S JOB TITLE, WHICH IS LISTED ON FORM 990, PART VII DIRECTLY FOLLOWING THE TITLE OF "TRUSTEE". FORM 990, PART VII, SECTION A, COLUMN D ALL COMPENSATION PAID BY LAHEY CLINIC FOUNDATION, INC. IS ALLOCATED TO RELATED ORGANIZATIONS. |
| FORM 990, PART XI, LINE 9: | UNRESTRICTED CONTRIBUTIONS 2,674,593. ASSETS RELEASED FROM TIME RESTRICTIONS 234,608. ASSETS RELEASED FROM RESTRICTIONS 8,293,255. GRANTS AND CONTRIBUTIONS -5,188,265. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -264,247. CHANGES IN TEMPORARY AND PERMANENT NET ASSETS -8,887,720. |
| FORM 990, PART VII, PART IX AND SCHEDULE J | COMPENSATION, BENEFIT AND PENSION EXPENSES FOR OFFICERS, TRUSTEES AND KEY EMPLOYEES OF LAHEY CLINIC FOUNDATION, INC. ARE PAID BY LAHEY CLINIC FOUNDATION, INC. AS THE PARENT COMPANY OF LAHEY CLINIC HOSPITAL, INC., AND LAHEY CLINIC, INC., LAHEY CLINIC FOUNDATION, INC. ALLOCATES ALL OF THE AFOREMENTIONED EXPENSES TO RELATED ORGANIZATIONS. THE RELATED ORGANIZATIONS THEN REIMBURSE LAHEY CLINIC FOUNDATION, INC. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (22 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|
| LAHEY HEALTH SYSTEM INC | ||||||||||
| 41 MALL ROAD | BURLINGTON | MA | 01805 | 611665701 | SUPPORT | MA | 501(C)(3) | 11C | 0 | |
| LAHEY CLINIC HOSPITAL INC | ||||||||||
| 41 MALL ROAD | BURLINGTON | MA | 01805 | 042704686 | HEALTHCARE | MA | 501(C)(3) | 3 | Yes (1) | LCF |
| LAHEY CLINIC INC | ||||||||||
| 41 MALL ROAD | BURLINGTON | MA | 01805 | 042704683 | HEALTHCARE | MA | 501(C)(3) | 9 | Yes (1) | LCF |
| LAHEY HEALTH SHARED SERVICES INC | ||||||||||
| 41 MALL ROAD | BURLINGTON | MA | 01805 | 043178972 | ADMINISTRATIVE SUPPORT TO LHS AND AFFILIATES | MA | 501(C)(3) | 9 | 0 | LHS |
| LAHEY PHYSICIAN COMMUNITY ORGANIZATION 1 INC | ||||||||||
| 41 MALL ROAD | BURLINGTON | MA | 01805 | 472248298 | HEALTHCARE | MA | 501(C) (3) | 11A | 0 | LHS |
| WINCHESTER HEALTHCARE MANAGEMENT INC | ||||||||||
| 41 HIGHLAND AVENUE | WINCHESTER | MA | 01890 | 222701817 | MANAGEMENT SERVICES | MA | 501(C) (3) | 11A | 0 | LHS |
| WINCHESTER HOSPITAL FOUNDATION INC | ||||||||||
| 41 HIGHLAND AVENUE | WINCHESTER | MA | 01890 | 043399570 | SUPPORT | MA | 501(C) (3) | 11C | 0 | WHM |
| WINCHESTER HOSPITAL | ||||||||||
| 41 HIGHLAND AVENUE | WINCHESTER | MA | 01890 | 042104434 | HEALTHCARE | MA | 501(C) (3) | 3 | 0 | WHM |
| WINCHESTER COMMUNITY ACCOUNTABLE CARE ORGANIZATION INC | ||||||||||
| 41 HIGHLAND AVENUE | WINCHESTER | MA | 01890 | 223137856 | SURGERY CENTER | MA | 501(C) (3) | 11A | 0 | WHM |
| WINCHESTER HEALTHCARE INVESTMENTS INC | ||||||||||
| 41 HIGHLAND AVENUE | WINCHESTER | MA | 01890 | 222701819 | SUPPORT | MA | 501(C)(3) | 11C | 0 | WHM |
| VISITING NURSE ASSOCIATION OF MIDDLESEX-EAST INC | ||||||||||
| 607 NORTH AVENUE | WAKEFIELD | MA | 01880 | 046151873 | HEALTHCARE | MA | 501(C)(3) | 11A | 0 | LHS |
| COMMUNITY CARE INC | ||||||||||
| 607 NORTH AVENUE | WAKEFIELD | MA | 01880 | 900396973 | HEALTHCARE | MA | 501(C)(3) | 11A | 0 | LHS |
| NORTHEAST HOSPITAL CORPORATION | ||||||||||
| 85 HERRICK ST | BEVERLY | MA | 01915 | 042121317 | HEALTHCARE | MA | 501(C)(3) | 3 | 0 | LHS |
| NORTHEAST MEDICAL PRACTICE | ||||||||||
| 85 HERRICK ST | BEVERLY | MA | 01915 | 043201853 | HEALTHCARE | MA | 501(C)(3) | 9 | 0 | NHC CORP |
| NORTHEAST BEHAVIORAL HEALTH CORPORATION | ||||||||||
| 199 ROSEWOOD DRIVE SUITE 250 | DANVERS | MA | 01923 | 042777145 | BEHAVIORAL HEALTHCARE | MA | 501(C)(3) | 7 | 0 | LHS |
| HES HOUSING SERVICES INC | ||||||||||
| 199 ROSEWOOD DRIVE SUITE 250 | DANVERS | MA | 01923 | 223232914 | HUD HOUSING | MA | 501(C)(3) | 9 | 0 | NBH CORP |
| CAB HEALTH & RECOVERY SERVICES INC | ||||||||||
| 199 ROSEWOOD DRIVE SUITE 250 | DANVERS | MA | 01923 | 042400270 | SUBSTANCE ABUSE | MA | 501(C)(3) | 9 | 0 | NBH CORP |
| NORTHEAST SENIOR HEALTH CORPORATION | ||||||||||
| 85 HERRICK ST | BEVERLY | MA | 01915 | 042731137 | HEALTHCARE | MA | 501(C) (3) | 9 | 0 | LHS |
| NORTHEAST PROFESSIONAL REGISTRY OF NURSES INC | ||||||||||
| 800 CUMMINGS CENTER | BEVERLY | MA | 01915 | 201287349 | HEALTHCARE | MA | 501(C) (3) | 9 | 0 | NSH CORP |
| SEACOAST NURSING & REHABILITATION CENTER INC | ||||||||||
| 300 WASHINGTON STREET | GLOUCESTER | MA | 01930 | 041305001 | HEALTHCARE | MA | 501(C) (3) | 9 | 0 | LHS |
| ADDISON GILBERT SOCIETY INC | ||||||||||
| 41 MALL ROAD | BURLINGTON | MA | 01805 | 464371382 | SUPPORT | MA | 501(C) (3) | 11A | 0 | LHS |
| NORTHEAST HEALTH SYSTEM INC | ||||||||||
| 85 HERRICK ST | BEVERLY | MA | 01915 | 043240453 | SUPPORT | MA | 501(C) (3) | 11C | 0 | LHS |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (7 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Legal Domicile StateLegalDomicileStateCd | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LAHEY CLINIC INSURANCE CO LTD | ||||||||||||||||
| PO BOX HM 2450 | HAMILTON | BERMUDA | BD | INSURANCE | BD | LHS INC | C | 0 | ||||||||
| WINCHESTER HEALTHCARE ENTERPRISES INC | ||||||||||||||||
| HEALTHCARE VENTURES | WHM INC | C | 0 | 41 HIGHLAND AVENUE | WINCHESTER | MA | 01890 | 042932059 | MA | |||||||
| WINCHESTER PHYSICIAN ASSOCIATES INC | ||||||||||||||||
| PHYSICIAN PRACTICES | WHM INC | C | 0 | 41 HIGHLAND AVENUE | WINCHESTER | MA | 01890 | 043262963 | MA | |||||||
| NORTHEAST PROPRIETARY CORPORATION | ||||||||||||||||
| MEDICAL SERVICES | NHS INC | C | 0 | 85 HERRICK STREET | BEVERLY | MA | 01915 | 042855191 | MA | |||||||
| PERPETUAL TRUSTS (9) | ||||||||||||||||
| SUPPORT | SEE PART VII | T | 0 | 41 MALL ROAD | BURLINGTON | MA | 01805 | MA | $1,014,941 | $19,027,970 | ||||||
| REMAINDER TRUSTS (19) | ||||||||||||||||
| SUPPORT | SEE PART VII | T | 0 | 41 MALL ROAD | BURLINGTON | MA | 01805 | MA | $500,000 | $7,616,090 | ||||||
| POOLED INCOME FUNDS (3) | ||||||||||||||||
| SUPPORT | SEE PART VII | T | 0 | 41 MALL ROAD | BURLINGTON | MA | 01805 | MA | $61,031 | $1,006,440 | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| LAHEY CLINIC INC | ||
| N | $207,529,137 | FMV |
| LAHEY CLINIC HOSPITAL INC | ||
| N | -$471,434,334 | FMV |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE R, PART IV | LAHEY CLINIC FOUNDATION, INC., NORTHEAST HOSPITAL CORPORATION AND WINCHESTER HOSPITAL, RESPECTIVELY, HAVE FOUR, FOUR AND ONE PERPETUAL TRUSTS. THE PERPETUAL TRUSTS ARE DOMICILED IN MASSACHUSETTS, PENNSYLVANIA AND FLORIDA. LAHEY CLINIC FOUNDATION, INC. HAS NINETEEN REMAINDER TRUSTS. THE REMAINDER TRUSTS ARE DOMICILED IN MASSACHUSETTS, NEW HAMPSHIRE, WISCONSIN, AND NEW YORK. LAHEY CLINIC FOUNDATION, INC. HAS THREE POOLED INCOME FUNDS, DOMICILED IN MASSACHUSETTS. |
| SCHEDULE R, PART V | THE LAHEY HEALTH SHARED SERVICES, INC. PHILANTHROPY DEPARTMENT CONDUCTS FUNDRAISING AND SOLICITATION EFFORTS ON BEHALF OF ALL ENTITIES WITHIN THE LAHEY HEALTH SYSTEM, INC. FAMILY OF ORGANIZATIONS, EXCEPT "WINCHESTER" AS LISTED IN IRS FORM 990, SCHEDULE R, PART II. THE WINCHESTER HOSPITAL FOUNDATION, INC. PHILANTHROPY DEPARTMENT CONDUCTS FUNDRAISING AND SOLICITATION EFFORTS ON BEHALF OF ALL ENTITIES WITHIN "WINCHESTER", ALSO LISTED IN IRS FORM 990, SCHEDULE R, PART II. LAHEY HEALTH SYSTEM, INC. AND ITS RELATED ORGANIZATIONS, LAHEY CLINIC FOUNDATION, INC. AND ITS RELATED ORGANIZATIONS, WINCHESTER HEALTHCARE MANAGEMENT, INC. AND ITS RELATED ORGANIZATIONS, NORTHEAST BEHAVIORAL HEALTH CORPORATION AND ITS RELATED ORGANIZATIONS, NORTHEAST SENIOR HEALTH CORPORATION AND ITS RELATED ORGANIZATION, NORTHEAST HEALTH SYSTEM, INC. AND ITS RELATED ORGANIZATION, AND NORTHEAST HOSPITAL CORPORATION AND ITS RELATED ORGANIZATION, PROVIDE VARIOUS CORPORATE AND OTHER SERVICES TO EACH OTHER. THE ORGANIZATIONS REIMBURSE EACH OTHER FOR EXPENSES INCURRED SUCH AS EMPLOYEE SALARIES AND BENEFITS, MATERIALS, SUPPLIES, UTILITIES, ETC. CASH IS TRANSFERRED BETWEEN THE ORGANIZATIONS. |
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