2018-08-14T11:45:48-05:00 2017-09-30 BDO USA LLP ONE INTERNATIONAL PLACE BOSTON MA 02110 990 2016-10-01 042323457 LAHEY CLINIC FOUNDATION INC % TIMOTHY O'CONNOR LAHE 7817445100 41 MALL ROAD BURLINGTON MA 01805 TIMOTHY O'CONNOR EVP, CFO & TREASURER 7817445100 2018-08-15 true JEFFREY ROGERS P01074284 6174220700 2016 2022-09-23 18:48:47Z HOWARD R GRANT JD MD 41 MALL ROAD BURLINGTON MA 01805 26348026 false X www.LAHEY.ORG X 1963 MA SEE SCHEDULE O 23 16 1 16 0 132977 3576661 3203315 0 0 6001086 23144581 0 130 9577747 26348026 0 0 0 0 0 0 0 0 0 0 6525272 0 6525272 9577747 19822754 1322022569 1342093084 887092976 879782800 434929593 462310284 X SEE SCHEDULE O false false 0 3203315 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, AND DEBT 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. 0 true true false false false false false true false true true true false true true false false true false false true false false false false false false false false true true false false false false false false false false false false true false false false false true true true false false true 0 0 1 true true true true CA false false false false false false false false X 23 16 false false false false true true true true true false false true true true true true true true true true true MA X X TIMOTHY O'CONNOR 7817445100 41 MALL ROAD BURLINGTON MA 01805 howard r grant jd md TRUSTEE/Officer/PRESIDENT/CEO 1.0 50.0 X X 0 1089242 279685 CHRISTINE WINGER MD TRUSTEE/PHYSICIAN 1.0 40.0 X 0 479190 37762 roger l jenkins md trustee/physician 1.0 40.0 X 0 626008 68129 richard s d'agostino md TRUSTEE/DIVISION CHAIR 1.0 40.0 X 0 554854 65673 andrew g villanueva md TRUSTEE/CMO LHMC 1.0 40.0 X 0 351508 40851 betsey crawford md trustee/physician 1.0 40.0 X 0 243878 36805 arthur p mourtzinos md trustee/physician 1.0 40.0 X 0 490219 73149 rebecca c yang md trustee/physician 1.0 40.0 X 0 370296 53121 eric m bailey trustee 1.0 0.0 X 0 0 0 craig r benson trustee thru 2/13/2017 1.0 0.0 X 0 0 0 ann marie connolly trustee/chair 2.0 0.0 X 0 0 0 james d irving trustee 1.0 0.0 X 0 0 0 j william poduska trustee 1.0 0.0 X 0 0 0 windle b priem trustee thru 2/13/2017 1.0 0.0 X 0 0 0 stuart reese trustee 1.0 0.0 X 0 0 0 carolyn ain trustee 1.0 0.0 X 0 0 0 jane c edmonds trustee 1.0 0.0 X 0 0 0 deborah mckenna trustee 1.0 0.0 X 0 0 0 david wajsgras trustee 1.0 0.0 X 0 0 0 edward eskandarian trustee 1.0 0.0 X 0 0 0 Roger W Crandall Trustee 1.0 0.0 X 0 0 0 David Lang Trustee 1.0 0.0 X 0 0 0 Linda McGoldrick Trustee 1.0 0.0 X 0 0 0 Greg Schmergel Trustee 1.0 0.0 X 0 0 0 Alice A Hunter MD Trustee/Physician 1.0 40.0 X 0 554114 57996 timothy o'connor Officer/EVP/CFO & Treasurer 1.0 50.0 X 0 619326 185344 david G spackman JD Officer/SVP GOV AFFAIRS & Gen 1.0 50.0 X 0 429989 52159 maryellen lear Officer/Director/LEGAL SUPPOR 1.0 40.0 X 0 100252 26858 peter R lloyd Officer/VP CORPORATE FINANCE 1.0 40.0 X 0 356878 57951 William Robertson VP & Chief Facilities Officer 1.0 40.0 X 0 324660 54298 DAVID M BARRETT md EMERITUS CHIEF EXEC. OFFICER 0.0 0.0 X 2411680 0 0 2411680 6590414 1089781 1 true true false Nyes Ledge Capital Management LLC 175 Federal Street Ste 730 BOSTON MA 02110 INVESTMENT MGMT FEES 259000 Marathon Asset Management LLP ORION HOUSE 5 UPPER ST ST MARTI LONDON 0 UK WC2H 9EA INVESTMENT MGMT FEES 181815 2 3203315 103759 3203315 0 6668911 6668911 0 0 0 0 0 15312630 1163040 15312630 1163040 16475670 16475670 0 0 0 0 0 0 0 0 0 OTHER REVENUE 130 130 130 26348026 23144711 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 757157 757157 0 0 0 0 0 0 0 0 0 0 0 0 0 TRANSFER OF NET ASSETS 5688858 5688858 CUSTODIAN FEES 45465 45465 BANK FEES 23792 23792 MISC 10000 10000 6525272 0 6525272 0 0 0 3418938 79071683 1261305 699975 0 0 0 0 0 0 0 0 0 0 889118 983955 1326210111 770998780 577510414 555211331 227716535 209785142 153220527 109346908 0 0 0 0 358005732 386994090 1322022569 1342093084 17465844 17663573 0 0 0 0 350454985 334054210 0 0 521287 0 0 0 0 0 518650860 528065017 887092976 879782800 X 334547871 353894442 36966026 43242610 63415696 65173232 434929593 462310284 1322022569 1342093084 X 19822754 -4507873 12065810 X false true X true false X 4626570 4862987 5188265 3576661 3203315 21457798 0 0 4626570 4862987 5188265 3576661 3203315 21457798 0 21457798 3479683 5008298 4110172 5182747 6668911 24449811 0 153169 32402 130 185701 46093310 0.46553 0.50818 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 162084 X X false 341617369 744382 24957232 78304622 431355 288583006 305769428 10883940 32446063 7032591 449471 341617369 325051422 1108268 -4193908 15647580 548774 305769428 295405414 10196514 20788272 800000 538778 325051422 284504199 688023 16904514 6048789 642533 295405414 0.75000 0.25000 false false 0 15393209 15393209 0 508597780 220994455 287603325 0 9489455 8571161 918294 0 778191076 528178134 250012942 0 14538591 13255030 1283561 555211331 OTHER SECURITY 109346908 F 109346908 INTERCOMPANY RECEIVABLES 337940499 BENEFICIAL INTEREST - TRUSTS 32445503 ASSETS - SPLIT INTEREST AGREEM 9503980 INVESTMENT - JOINT VENTURE 4948253 INVESTMENTS - OTHER 1335752 OTHER RECEIVABLES - EMPLOYEES 700103 INVESTMENT - LAHEY CLINIC INSU 120000 386994090 0 INTERCOMPANY PAYABLES 522027809 SPLIT INTEREST LIABILITY 4978026 CONDITIONAL ASSET RETIREMENT O 1059182 528065017 25795773 -4507873 7158935 2651062 23144711 3203315 3203315 26348026 6525272 6525272 6525272 SCHEDULE D, PART XI, LINE 2D - OTHER ADJUSTMENTS UNRESTRICTED CONTRIBUTIONS $2,535,905 ASSETS RELEASED FROM TIME RESTRICTIONS 3,458,141 ASSETS RELEASED FROM RESTRICTIONS 633,144 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 531,745 TOTAL TO SCHEDULE D, PART XI, LINE 2D: $7,158,935 SCHEDULE D, LINE 4B - OTHER ADJUSTMENTS CONTRIBUTIONS, GIFTS, AND GRANTS $3,203,315 SCHEDULE D, PART III, LINE 4: THE ORGANIZATION MAINTAINS COLLECTIONS OF ART FOR DISPLAY TO IMPROVE THE PATIENT CARE ENVIRONMENT. SCHEDULE D, 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. North America Fundraising 4159394 Central America and the Caribbean Investments 31639068 35798462 35798462 false false false false false false SCHEDULE F, PART I, LINE 3: LAHEY CLINIC FOUNDATION, INC. DOES NOT SEPARATELY TRACK EXPENDITURES FOR FUNDRAISING OUTSIDE THE UNITED STATES IN THE REGION. false true false false false false false true false howard r grant jd md TRUSTEE/Officer/PRESIDENT/CEO 1047242 42000 248978 30707 1368927 CHRISTINE WINGER MD TRUSTEE/PHYSICIAN 474212 4978 37762 516952 timothy o'connor Officer/EVP/CFO & Treasurer 579748 39578 156600 28744 804670 roger l jenkins md trustee/physician 597445 28563 35000 33129 694137 richard s d'agostino md TRUSTEE/DIVISION CHAIR 497676 57178 35000 30673 620527 andrew g villanueva md TRUSTEE/CMO LHMC 293930 57578 28978 11873 392359 betsey crawford md trustee/physician 184173 32320 27385 33261 3544 280683 arthur p mourtzinos md trustee/physician 460625 29594 43000 30149 563368 rebecca c yang md trustee/physician 318565 21000 30731 27513 25608 423417 david G spackman JD Officer/SVP GOV AFFAIRS & Gen 412789 17200 28978 23181 482148 peter R lloyd Officer/VP CORPORATE FINANCE 306858 15000 35020 35000 22951 414829 Alice A Hunter MD Trustee/Physician 499934 54180 35000 22996 612110 DAVID M BARRETT md EMERITUS CHIEF EXEC. OFFICER 2411680 2411680 2411680 William Robertson VP & Chief Facilities Officer 243178 65000 16482 25595 28703 378958 Part I, Line 3: INDEPENDENT MEMBERS OF THE LAHEY HEALTH SYSTEM, INC. ("LHS") BOARD OF TRUSTEES COMPRISE THE COMPENSATION COMMITTEE. THE COMMITTEE SETS THE COMPENSATION AND BENEFITS FOR THE CEO. THE COMMITTEE SEEKS THE ADVICE OF EXTERNAL COMPENSATION CONSULTANTS. COMPARABILITY DATA IS PROVIDED, ANALYZED AND DOCUMENTED BY THE EXTERNAL CONSULTANTS. LHS AND ITS RELATED ORGANIZATIONS' SENIOR VP AND CHIEF HUMAN RESOURCES OFFICER PROVIDES THE COMMITTEE WITH ANY REQUESTED INFORMATION. Part I, Line 4B: LHS AND ITS RELATED ORGANIZATIONS MAINTAINS A 457F NONQUALIFIED DEFERRED COMPENSATION PLAN AND A SPLIT DOLLAR LIFE INSURANCE PLAN FOR CERTAIN PHYSICIANS, EXECUTIVE MANAGEMENT AND DEFINED MEDICAL STAFF. THE PLANS OFFER PARTICIPATING EMPLOYEES AN ANNUAL DEFERRAL OF COMPENSATION IN ADDITION TO THEIR SALARIES. FOR THE CURRENT PERIOD, THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE 457F NONQUALIFIED DEFERRED COMPENSATION PLAN AND/OR THE SPLIT DOLLAR LIFE INSURANCE PLAN: Howard R. Grant, JD, MD $220,000 Timothy O'Connor $121,600 Part I, Line 7: THE NON-FIXED PAYMENT BONUSES REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II) ARE DETERMINED BY THE COMPENSATION COMMITTEE, WHICH INCLUDES TRUSTEES. IN A SUBJECTIVE MANNER, THE COMMITTEE TAKES INTO ACCOUNT THE ACHIEVEMENTS OF BOTH THE ORGANIZATION AND THE INDIVIDUAL TO DETERMINE THE APPROPRIATE AMOUNT OF SUCH BONUSES, WHICH INCLUDE, BUT NOT LIMITED TO, THE ORGANIZATION MEETING ITS CORPORATE GOALS; FINANCIAL PERFORMANCE MEASURES AND QUALITY MEASURES (SUCH AS PATIENT SATISFACTION AND QUALITY OF CARE). Part II LHS AND ITS RELATED ORGANIZATIONS DO NOT COMPENSATE ANY TRUSTEE OR OFFICER IN THEIR CAPACITY AS TRUSTEE OR OFFICER. ALL COMPENSATION PAID IS FOR WORK PERFORMED IN THEIR CAPACITY OTHER THAN TRUSTEE OR OFFICER, WHICH IS LISTED ON FORM 990, PART VII, DIRECTLY FOLLOWING THE TITLE OF TRUSTEE AND/OR OFFICER. David M. Barrett, M.D. (former Chief Executive Officer of Lahey Clinic Foundation and its subsidiaries): Lahey Clinic Foundation, Inc. (LCF) and David Barrett, M.D. were parties to a Split Dollar Life Insurance Agreement dated December 27, 2000 and a Death Benefit Agreement dated October 22, 2001. Both agreements provided for the payment of benefits to David Barrett based on the terms of said agreements. On August 11, 2016 both agreements were terminated and, as outlined in the agreements, LCF waived its rights to recover the premiums it paid with respect to the agreements in the aggregate of $2,400,000. A 2013 MDFA SERIES E BONDS 134994650 NONEAVAIL 2013-03-07 130000000 POWER PLANT & CAPITAL ACQUISITION false false false B 2015 MDFA SERIES F BONDS 134994650 NONEAVAIL 2015-10-21 235515000 RETIRE BONDS & CAPITAL ACQUISITION false false false A 41220000 0 130050301 0 0 0 0 500000 0 129550301 0 0 2015 false false true true B 0 0 261009548 0 4857465 160202232 1310144 0 0 64587388 0 30549045 2017 true true true true A false false false false 0 false false false false B false false false false 0 false false false false A false false false true false false 0 true 0 B false false false true false false 0 false 0 A B SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: 2013 MDFA SERIES E BONDS (F) DESCRIPTION OF PURPOSE: CONSTRUCTION & EQUIPPING OF A POWER PLANT AND AQUISITION OF CAPITAL ASSETS. (A) ISSUER NAME: 2015 MDFA SERIES F BONDS (F) DESCRIPTION OF PURPOSE: TO REFUND AND ADVANCE REFUND SERIES C AND SERIES D BONDS, RESPECTIVELY. CONSTRUCTION OF A NEW EMERGENCY ROOM, FUTURE STRATEGIC CAPITAL INITIATIVES, AND ROUTINE CAPITAL ASSETS. X 15 86300 HIGH-LOW AVERAGE X COMPUTER HARDWARE 1 17459 COST ESTIMATE false true false FORM 990, PART I, LINE I, DESCRIPTION OF ORGANIZATION 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. 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 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 VI, SECTION A, LINE 6, 7A, & 7B: LAHEY HOSPITAL & MEDICAL CENTER ("LHMC") CONSISTS OF THREE NON-PROFIT CORPORATIONS, LAHEY CLINIC FOUNDATION, INC. (EIN# 04-2323457), LAHEY CLINIC HOSPITAL, INC. (EIN# 04-2704686), AND LAHEY CLINIC, INC. (EIN# 04-2704683). ALL THREE CORPORATIONS ARE TAX EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). LAHEY CLINIC FOUNDATION, INC. IS THE SOLE CORPORATE MEMBER OF LAHEY CLINIC HOSPITAL, INC. AND LAHEY CLINIC, INC. LAHEY CLINIC, INC. IS THE SOLE CORPORATE MEMBER OF CONCORD SPECIALISTS, LLC. THE BOARD OF TRUSTEES (GOVERNING BODY) AND CORPORATE OFFICERS FOR LAHEY CLINIC FOUNDATION, INC., LAHEY CLINIC HOSPITAL, INC. AND LAHEY CLINIC, INC. CONSISTS OF THE EXACT SAME MEMBERS. THE MANAGER OF CONCORD SPECIALISTS IS LAHEY HEALTH SHARED SERVICES, INC. AND THE OFFICERS AND AUTHORIZED SIGNATORIES ARE THE PRESIDENT, TREASURER AND CLERK OF LAHEY HEALTH SYSTEM, INC. THE SOLE CORPORATE MEMBER OF THE REPORTING ORGANIZATION IS LAHEY HEALTH SYSTEM, INC. THE REPORTING ORGANIZATIONS MEMBER HAS, WITH RESPECT TO THE REPORTING ORGANIZATION, THE RIGHT TO EXERCISE ALL POWERS CONFERRED ON MEMBERS OF THE 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 BOARD OF TRUSTEES; (B) AMENDMENT OF THE ARTICLES OF ORGANIZATION; (C) AMENDENT OF THE BY-LAWS; (D) THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTQANTIALLY ALL OF THE CORPORATIONS ASSETS; AND (E) THE MERGER OR CONSOLIDATION 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 B, LINE 11A: 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 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 15A AND 15B: 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 LHS SENIOR VP AND CHIEF HUMAN RESOURCES OFFICER PROVIDES THE COMMITTEE WITH ANY REQUESTED INFORMATION. THE COMMITTEE MET SEVERAL TIMES THIS YEAR. 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 REVIEW 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 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 VII, SECTION A: LAHEY HEALTH SYSTEM, INC. AND ITS RELATED ORGANIZATIONS DO NOT COMPENSATE ANY TRUSTEE OR OFFICER IN THEIR CAPACITY AS A TRUSTEE AND/OR OFFICER. 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 AND/OR OFFICER. FORM 990, PART VII, PART IX AND SCHEDULE J BENEFIT AND PENSION EXPENSES FOR TRUSTEES, OFFICERS, 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. FORM 990, PART VII, SECTION B, LINE 1 & 2: LAHEY HEALTH SHARED SERVICES, INC. ("LHSS") COMPENSATES (PROCESS PAYMENT) ALL INDEPENDENT CONTRACTORS (VENDORS) ON BEHALF OF THE LAHEY HEALTH SYSTEM, INC. AND ITS FAMILY OF ORGANIZATIONS. UNDER ITS TAX ID NUMBER, LHSS ISSUES FORM 1099 TO THE INDEPENDENT CONTRACTORS. IN ADDITION, IT SUBMITS THE SAME INFORMATION TO THE INTERNAL REVENUE SERVICE. THE LAHEY HEALTH SYSTEM, INC. AND ITS FAMILY OF ORGANIZATIONS REIMBURSES LHSS FOR ALL VENDOR PAYMENTS MADE EITHER DIRECTLY OR INDIRECTLY ON THEIR BEHALF. FORM 990, PART XI, LINE 9, OTHER CHANGES IN NET ASSETS: UNRESTRICTED CONTRIBUTIONS $2,535,905 ASSETS RELEASED FROM TIME RESTRICTIONS 531,745 ASSETS RELEASED FROM RESTRICTIONS 3,458,141 GRANTS AND CONTRIBUTIONS (3,203,315) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 633,144 CHANGES IN TEMPORARY AND PERMANENT NET ASSETS 8,110,190 TOTAL FORM 990, PART XI, LINE 9 $12,065,810 LAHEY HEALTH SYSTEM INC 41 MALL ROAD BURLINGTON MA 01805 611665701 SUPPORT MA 501(C)(3) 12C N/A false LAHEY CLINIC HOSPITAL INC 41 MALL ROAD BURLINGTON MA 01805 042704686 HEALTHCARE MA 501(C)(3) 3 LCF true LAHEY CLINIC INC 41 MALL ROAD BURLINGTON MA 01805 042704683 HEALTHCARE MA 501(C)(3) 10 LCF true LAHEY HEALTH SHARED SERVICES INC 41 MALL ROAD BURLINGTON MA 01805 043178972 ADMIN SUPPORT MA 501(C)(3) 10 LHS false LAHEY PHYSICIAN COMMUNITY ORG I INC 41 MALL ROAD BURLINGTON MA 01805 472248298 HEALTHCARE MA 501(C)(3) 12A LHS false WINCHESTER HEALTHCARE MANAGEMENT INC 41 HIGHLAND AVENUE WINCHESTER MA 01890 222701817 MANAGEMENT MA 501(C)(3) 12A LHS false WINCHESTER HOSPITAL FOUNDATION INC 41 HIGHLAND AVENUE WINCHESTER MA 01890 043399570 SUPPORT MA 501(C)(3) 12A WHM false WINCHESTER HOSPITAL 41 HIGHLAND AVENUE WINCHESTER MA 01890 042104434 HEALTHCARE MA 501(C)(3) 3 WHM false WINCHESTER COMMUNITY ACCOUNTABLE CARE OR 41 HIGHLAND AVENUE WINCHESTER MA 01890 223137856 ACO MA 501(C)(3) 12A WHM false VISITING NURSE ASSOC OF MIDDLESEX-East 607 NORTH AVENUE WAKEFIELD MA 01880 046151873 HEALTHCARE MA 501(C)(3) 10 LHS false COMMUNITY CARE INC 607 NORTH AVENUE WAKEFIELD MA 01880 900396973 HEALTHCARE MA 501(C)(3) 10 LHS false NORTHEAST HOSPITAL CORPORATION 85 HERRICK STREET BEVERLY MA 01915 042121317 HEALTHCARE MA 501(C)(3) 3 LHS false NORTHEAST MEDICAL PRACTICE 85 HERRICK STREET BEVERLY MA 01915 043201853 HEALTHCARE MA 501(C)(3) 10 NHC false NORTHEAST BEHAVIORAL HEALTH CORPORATION 199 ROSEWOOD DRIVE SUITE 250 DANVERS MA 01923 042777145 HEALTHCARE MA 501(C)(3) 7 LHS false HES HOUSING SERVICES INC 199 ROSEWOOD DRIVE SUITE 250 DANVERS MA 01923 223232914 HUD HOUSING MA 501(C)(3) 10 NBH false CAB HEALTH & RECOVERY SERVICES INC 199 ROSEWOOD DRIVE SUITE 250 DANVERS MA 01923 042400270 SUBSTANCE ABU MA 501(C)(3) 10 NBH false NORTHEAST SENIOR HEALTH CORPORATION 85 HERRICK STREET BEVERLY MA 01915 042731137 HEALTHCARE MA 501(C)(3) 10 LHS false NORTHEAST PROF REGISTRY OF NURSEs 800 CUMMINGS CENTER BEVERLY MA 01915 201287349 HEALTHCARE MA 501(C)(3) 10 NSH false SEACOAST NURSING & REHABilitation CENTER 300 WASHINGTON STREET GLOUCESTER MA 01930 041305001 HEALTHCARE MA 501(C)(3) 10 LHS false ADDISON GILBERT SOCIETY INC 41 MALL ROAD BURLINGTON MA 01805 464371382 SUPPORT MA 501(C)(3) 7 LHS false NORTHEAST HEALTH SYSTEM INC 85 HERRICK STREET BEVERLY MA 01915 043240453 SUPPORT MA 501(C)(3) 12C LHS false LAHEY CLINIC INSURANCE CO LTD PO BOX HM 2450 HAMILTON BD Insurance BD LHS FOREIGN CORP false WINCHESTER HEALTHCARE ENTERPRISES INC 41 HIGHLAND AVENUE WINCHESTER MA 01890 042932059 Healthcare MA WHM C CORP false WINCHESTER PHYSICIAN ASSOCIATES INC 41 HIGHLAND AVENUE WINCHESTER MA 01890 043262963 PHYSICIAN SER MA WHM C CORP false NORTHEAST PROPRIETARY CORPORATION 85 HERRICK STREET BEVERLY MA 01915 042855191 MEDICAL SERVI MA NHS C CORP false Perpetual Trusts (8) 41 MALL ROAD BURLINGTON MA 01805 SUPPORT MA SEE PART VII TRUST 1033541 21148142 false REMAINDER TRUSTS (18) 41 MALL ROAD BURLINGTON MA 01805 SUPPORT MA SEE PART VII TRUST 94753 6990842 false POOLED INCOME FUNDS (3) 41 MALL ROAD BURLINGTON MA 01805 SUPPORT MA SEE PART VII TRUST 106635 825972 false false false false true true false false false false true false true true true true true true true true LAHEY CLINIC INC N 275430553 FMV LAHEY CLINIC HOSPITAL INC N -522004287 FMV FORM 990, SCHEDULE R, PART IV: NORTHEAST HOSPITAL CORPORATION, LAHEY CLINIC FOUNDATION, INC., AND WINCHESTER HOSPITAL, RESPECTIVELY, HAVE FOUR, THREE AND ONE PERPETUAL TRUSTS. THE PERPETUAL TRUSTS ARE DOMICILED IN MASSACHUSETTS, PENNSYLVANIA, AND FLORIDA. LAHEY CLINIC FOUNDATION, INC. HAS EIGHTEEN REMAINDER TRUSTS. THE REMAINDER TRUSTS ARE DOMICILED IN MASSACHUSETTS, NEW HAMPSHIRE, DELAWARE, WISCONSIN, AND NEW YORK. LAHEY CLINIC FOUNDATION, INC. HAS THREE POOLED INCOME FUNDS, DOMICILED IN MASSACHUSETTS. FORM 990, 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. 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.