LAHEY CLINIC FOUNDATION INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- LAHEY CLINIC FOUNDATION INC (EIN 04-2323457)
- Tax period
- 2010-10-01 to 2011-09-30
- Filed
- 2012-08-15
- IRS object ID
- 201232289349301443
- Schema version
- 2010v3.7
- 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) |
|---|---|---|
| Timestamp | 2012-08-15T09:22:31-05:00 | Timestamp |
| Tax Period End Date | 2011-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PricewaterhouseCoopers LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 125 High Street | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02110 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042323457 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lahey Clinic Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LAHE | NameControl |
| Phone | 7817445100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 41 Mall Road | AddressLine1 |
| City | Burlington | City |
| State | MA | State |
| ZIP Code | 018050001 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TIMOTHY O'CONNOR | Name |
| Title | TREASURER/EVP/CFO | Title |
| Date Signed | 2012-08-13 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6175305000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Howard R Grant JD MD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 41 MALL ROAD | AddressLine1 |
| City | BURLINGTON | City |
| State | MA | State |
| ZIP Code | 018050001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 7012666 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.lahey.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1963 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | SEE SCHEDULE O | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 22 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 629 | TotalNbrEmployees |
| Total Nbr Volunteers | 37 | TotalNbrVolunteers |
| Total Gross UBI | 18689 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3963818 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2768044 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 5150136 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4236488 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 6268 | OtherRevenuePriorYear |
| Other Revenue Current Year | 8134 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 9120222 | TotalRevenuePriorYear |
| Total Revenue Current Year | 7012666 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3271597 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2793488 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 15500 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 28666 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3949059 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1667294 | OtherExpensePriorYear |
| Other Expenses Current Year | 1743096 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4954391 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4565250 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 4165831 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2447416 | RevenuesLessExpensesCY |
| Total Assets BOY | 680936786 | TotalAssetsBOY |
| Total Assets EOY | 676307327 | TotalAssetsEOY |
| Total Liabilities BOY | 355390489 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 353705642 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 325546297 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 322601685 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | SEE SCHEDULE O | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 0 | Expense |
| Grants | 0 | Grants |
| Revenue | 0 | Revenue |
| Description | LAHEY CLINIC FOUNDATION, INC., (FOUNDATION) IS THE SOLE MEMBER OF LAHEY CLINIC HOSPITAL, INC. (HOSPITAL), LAHEY CLINIC, INC. (CLINIC) AND LAHEY CLINIC AFFILIATED SERVICES, INC. (LCAS). 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. | Description |
| Total Program Service Expense | 0 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 265 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 629 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | BD | NameOfForeignCountry |
| Name Of Foreign Country | CA | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 22 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | true | InvestmentInJointVenture |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | RI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | TIMOTHY O'CONNOR | NamePerson |
| Telephone Number | 7817445100 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 41 MALL ROAD | AddressLine1 |
| City | Burlington | City |
| State | MA | State |
| ZIP Code | 018050001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (38 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Howard R Grant JD MD | |||||||||
| TRUSTEE/PRES/CEO START11/15/10 | 20.0 | X | X | 740881 | 0 | 27627 | |||
| John A Libertino MD | |||||||||
| TRUSTEE/CHAIR DEPT OF UROLOGY | 1.0 | X | 0 | 813786 | 34907 | ||||
| Richard W Nesto MD | |||||||||
| TRUSTEE/CHIEF MED OPER OFFICER | 20.0 | X | 712610 | 0 | 38434 | ||||
| Roger L Jenkins MD | |||||||||
| TRUSTEE/CHAIR DIV OF SURGERY | 1.0 | X | 0 | 592325 | 41093 | ||||
| Richard S D'Agostino MD | |||||||||
| TRUSTEE/CHAIR DEPT CARDIO SURG | 1.0 | X | 0 | 526199 | 47609 | ||||
| Judith A Melin MD | |||||||||
| TRUSTEE/CHIEF MED SERV OFFICER | 20.0 | X | 0 | 334640 | 25462 | ||||
| Carl A Soderland MD | |||||||||
| TRUSTEE/CHAIR DIV OF COMMU MED | 1.0 | X | 0 | 390265 | 32253 | ||||
| Andrew G Villanueva MD | |||||||||
| TRUSTEE/CHIEF MED OFFICER CLIN | 1.0 | X | 0 | 322210 | 38829 | ||||
| Irving E Rogers III | |||||||||
| TRUSTEE/CHAIR OF BOARD/CLERK | 2.0 | X | X | 0 | 0 | 0 | |||
| Eric M Bailey | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| Craig R Benson | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| Ann Marie Connolly | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| Jerald G Fishman | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| James W Henderson | |||||||||
| TRUSTEE/VICE CHAIR OF BOARD | 2.0 | X | X | 0 | 0 | 0 | |||
| James D Irving | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| Charles M Leighton | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| Peter J Manning | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| J William Poduska | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| Windle B Priem | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| James A Radley | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| Robert L Reynolds | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| Michael C Ruettgers | |||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||||
| David M Barrett MD | |||||||||
| TRUSTEE/PRES/CEO UNTIL12/31/10 | 37.0 | X | X | 1388917 | 0 | 216490 | |||
| William L Healy MD | |||||||||
| TRUSTEE UNTIL 01/24/11 /PHY. | 1.0 | X | 0 | 569745 | 41313 | ||||
| Jospeh C Corkery MD | |||||||||
| TRUSTEE UNTIL 01/24/11 /PHY. | 20.0 | X | 510826 | 0 | 33397 | ||||
| Robert E Wise MD | |||||||||
| TRUSTEE UNTIL 01/24/11 /ADMIN | 17.0 | X | 191812 | 0 | 11509 | ||||
| Stephen R Freidberg MD | |||||||||
| TRUSTEE UNTIL 01/24/11 /PHY. | 1.0 | X | 0 | 112095 | 15540 | ||||
| Timothy O'Connor | |||||||||
| OFFICER/TREASURER/EVP/CFO | 20.0 | X | 801167 | 0 | 37641 | ||||
| Joan M Robbio | |||||||||
| CHIEF HUMAN RESOURCES OFFICER | 40.0 | 350992 | 0 | 35208 | X | ||||
| Kathleen S Jose | |||||||||
| CHIEF NURSING OFFICER | 40.0 | 305460 | 0 | 23797 | X | ||||
| Helaine C Ahern | |||||||||
| VP, PHILANTHR UNTIL 07/01/2010 | 40.0 | 272402 | 0 | 16098 | X | ||||
| Seamus Collins | |||||||||
| VP, PHILANTHR UNTIL 08/11/2011 | 40.0 | 260613 | 0 | 43488 | X | ||||
| Phillips Axten | |||||||||
| CHIEF LEGAL OFFICER | 40.0 | 342141 | 0 | 38665 | X | ||||
| Peter R Lloyd | |||||||||
| VICE PRESIDENT CORP FINANCE | 40.0 | 299797 | 0 | 37655 | X | ||||
| Theron Bradley | |||||||||
| VICE PRESIDENT HUMAN RES COMPE | 40.0 | 277501 | 0 | 41137 | X | ||||
| Allen S Danis | |||||||||
| VICE PRESIDENT CONTRACTING | 40.0 | 287972 | 0 | 16211 | X | ||||
| Nelson R Gagnon | |||||||||
| VICE PRESIDENT INFORMATION TEC | 40.0 | 283346 | 0 | 16269 | X | ||||
| Sanford R Kurtz MD | |||||||||
| FORMER TRUSTEE/FORMER C00 | 0.0 | 918842 | 0 | 0 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 7945279 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 3661265 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 910632 | TotalOtherCompensation |
| Number Individuals GT100 K | 88 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| AMERICAN PERSONNEL HEALTH CARE SERV | |||||
| 133 FEDERAL STREET | BOSTON | MA | 02110 | PROF. STAFFING SERV. | 1239740 |
| TOWERS WATSON DELAWARE INC | |||||
| PO BOX 277665 | ATLANTA | GA | 30384 | RETIR. PROG. CONSULT | 702662 |
| PRICEWATERHOUSECOOPERS LLP | |||||
| PO BOX 7247-8001 | PHILADELPHIA | PA | 191708001 | TAX/AUDIT/CONSULT. | 644116 |
| HEIDRICK STRUGGLES INC | |||||
| 1133 PAYSPHERE CIRCLE | CHICAGO | IL | 60674 | LEADERSHIP ADV SERV | 628262 |
| TAYLOR PARTNERS INC | |||||
| 77 SUMMER STREET | BOSTON | MA | 021101021 | ARCHITECTURE SERVICE | 545184 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 27 | NumberOfContractorsGT100K |
| All Other Contributions | 2768044 | AllOtherContributions |
| Noncash Contributions | 98183 | NoncashContributions |
| Total Contributions | 2768044 | TotalContributions |
| Total Program Service Revenue | 0 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3681299 | TotalRevenueColumn |
| Exclusion | $3,681,299 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3297 | TotalRevenueColumn |
| Exclusion | $3,297 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 654962 | Securities |
| Other | -103070 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 654962 | Securities |
| Other | -103070 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 551892 | TotalRevenueColumn |
| Unrelated Business Revenue | 18689 | UnrelatedBusinessRevenue |
| Exclusion | $533,203 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER REVENUE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 8134 | TotalRevenueColumn |
| Exclusion | $8,134 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 8134 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7012666 | TotalRevenueColumn |
| Unrelated Business Revenue | 18689 | UnrelatedBusinessRevenue |
| Exclusion | $4,225,933 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 425580 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 32160 | ManagementAndGeneral |
| Fundraising | 393420 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1770093 | Total |
| Management And General | 179615 | ManagementAndGeneral |
| Fundraising | 1590478 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 247175 | Total |
| Management And General | 24623 | ManagementAndGeneral |
| Fundraising | 222552 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 208985 | Total |
| Management And General | 21101 | ManagementAndGeneral |
| Fundraising | 187884 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141655 | Total |
| Management And General | 12805 | ManagementAndGeneral |
| Fundraising | 128850 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5707 | Total |
| Management And General | 5707 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2502 | Total |
| Management And General | 2502 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28666 | Total |
| Fundraising | 28666 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78633 | Total |
| Fundraising | 78633 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 290326 | Total |
| Management And General | 38067 | ManagementAndGeneral |
| Fundraising | 252259 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5941 | Total |
| Management And General | 5941 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 584664 | Total |
| Management And General | 14681 | ManagementAndGeneral |
| Fundraising | 569983 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22254 | Total |
| Management And General | 22254 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 334378 | Total |
| Management And General | 7154 | ManagementAndGeneral |
| Fundraising | 327224 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27601 | Total |
| Management And General | 1798 | ManagementAndGeneral |
| Fundraising | 25803 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5822 | Total |
| Management And General | 5822 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62047 | Total |
| Management And General | 62047 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4622 | Total |
| Management And General | 4622 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|
| MEDICAL SUPPLIES | 160 | 30 | 130 |
| GENERAL SUPPLIES | 318439 | 175262 | 143177 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4565250 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 616191 | ManagementAndGeneral |
| Fundraising | 3949059 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -359179 | BOY |
| EOY | 736490 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84885 | BOY |
| EOY | 65400 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2230 | BOY |
| EOY | 10715 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5270482 | BOY |
| EOY | 6666439 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 869850717 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 515940074 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 347644649 | BOY |
| EOY | 353910643 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74877287 | BOY |
| EOY | 67987057 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200940305 | BOY |
| EOY | 198022672 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52474492 | BOY |
| EOY | 48907911 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 680936786 | BOY |
| EOY | 676307327 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31638191 | BOY |
| EOY | 33690024 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 186808093 | BOY |
| EOY | 181583991 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3188390 | BOY |
| EOY | 2806849 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 609501 | BOY |
| EOY | 4892555 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133146314 | BOY |
| EOY | 130732223 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 355390489 | BOY |
| EOY | 353705642 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 235751684 | BOY |
| EOY | 237543125 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34388548 | BOY |
| EOY | 29744396 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55406065 | BOY |
| EOY | 55314164 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 325546297 | BOY |
| EOY | 322601685 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 680936786 | BOY |
| EOY | 676307327 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2447416 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -5392028 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7020388 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 22246019 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3904026 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3963818 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2768044 | CurrentTaxYear |
| Total | 39902295 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7020388 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 22246019 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3904026 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3963818 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2768044 | CurrentTaxYear |
| Total | 39902295 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 12932996 | AmountsSubstContributorsTotal |
| Public Support Total170 | 26969299 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3787339 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6226119 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4023413 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3204960 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3684596 | CurrentTaxYear |
| Total | 20926427 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 140 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 159 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 356 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6268 | CurrentTaxYearMinus1Year |
| Current Tax Year | 8134 | CurrentTaxYear |
| Total | 15057 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 60843779 | TotalSupport |
| Public Support Pertcentage170 | 0.44326 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.46280 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 275817593 | BeginningOfYearBalance |
| Contributions | 1849984 | Contributions |
| Investment Earnings Or Losses | -726521 | InvestmentEarningsOrLosses |
| Other Expenditures | 10133190 | OtherExpenditures |
| Administrative Expenses | 798138 | AdministrativeExpenses |
| End Of Year Balance | 266009728 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 262176300 | BeginningOfYearBalance |
| Contributions | 814624 | Contributions |
| Investment Earnings Or Losses | 23033174 | InvestmentEarningsOrLosses |
| Other Expenditures | 9539545 | OtherExpenditures |
| Administrative Expenses | 666960 | AdministrativeExpenses |
| End Of Year Balance | 275817593 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 274357327 | BeginningOfYearBalance |
| Contributions | 987745 | Contributions |
| Investment Earnings Or Losses | 8636901 | InvestmentEarningsOrLosses |
| Other Expenditures | 21526729 | OtherExpenditures |
| Administrative Expenses | 278944 | AdministrativeExpenses |
| End Of Year Balance | 262176300 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.79000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.21000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15393209 | OtherCostOrOtherBasis |
| Book Value | 15393209 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 486006995 | OtherCostOrOtherBasis |
| Depreciation | 213304731 | Depreciation |
| Book Value | 272702264 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8436347 | OtherCostOrOtherBasis |
| Depreciation | 4831929 | Depreciation |
| Book Value | 3604418 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 346735440 | OtherCostOrOtherBasis |
| Depreciation | 289332136 | Depreciation |
| Book Value | 57403304 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13278726 | OtherCostOrOtherBasis |
| Depreciation | 8471278 | Depreciation |
| Book Value | 4807448 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 353910643 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENTS | Description |
| Book Value | 198022672 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 198022672 | TotalOfBookValueSecurities |
Other Assets OtherAssets (6 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DEFERRED DEBT ISSUE COST, NET | 3769049 |
| INVESTMENT-LAHEY CLINIC INSUR. | 120000 |
| INVESTMENT-FELLSWAY DEVELOP. | 5330976 |
| ASSTS HELD UNDER SPLIT INT AGR | 11339545 |
| BENE INT IN PERP & LEAD TRUSTS | 24965655 |
| INVESTMENTS - OTHER | 3382686 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 48907911 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| INTERCOMPANY PAYABLES | $122,872,924 |
| SPLIT INTEREST LIABILITY | $6,950,376 |
| ASSET RETIREMENT OBLIGATION | $908,923 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 130732223 | TotalOfAmounts |
| Total Revenue | 7012666 | TotalRevenue |
| Total Expenses | 4565250 | TotalExpenses |
| Excess Or Deficit For Year | 2447416 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -5085978 | NetUnrealizedGLOnInvestments |
| Other | -$306,050 | OtherAmount |
| Total Adjustments | -5392028 | TotalAdjustments |
| Excess Or Deficit Per FS | -2944612 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 7982987 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -5085978 | NetUnrealizedGainsInvestments |
| Other Revenues | 8824343 | OtherRevenues |
| Revenue Not Rptd F990 | 3738365 | RevenueNotRptdF990 |
| Revenue Subtotal | 4244622 | RevenueSubtotal |
| Other Revenues Not Included | 2768044 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2768044 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 7012666 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6191546 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1626296 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1626296 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4565250 | ExpensesSubtotal |
| Total Expenses Per Form990 | 4565250 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE D, PART III, LINE 4 | Identifier |
| Explanation | 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. SCHEDULE D, PART X, LINE 2 THE ORGANIZATION'S FINANCIAL STATEMENTS DID NOT REPORT A LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48. SCHEDULE D, PART XI, LINE 8 UNRESTRICTED CONTRIBUTIONS $2,516,069 ASSETS RELEASED FROM TIME RESTRICTIONS 1,562,962 ASSETS RELEASED FROM RESTRICTIONS 3,638,625 PENSION AND POST RETIREMENT RELATED CHANGES (326,651) GRANTS AND CONTRIBUTIONS (2,768,044) CHANGE IN TEMPORARY AND PERMANENT NET ASSETS (4,736,053) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (191,238) REDESIGNATION OF GIFTS (1,720) ___________ TOTAL $(306,050) SCHEDULE D, PART XII, LINE 2D UNRESTRICTED CONTRIBUTIONS $2,516,069 ASSETS RELEASED FROM TIME RESTRICTIONS 1,562,962 ASSETS RELEASED FROM RESTRICTIONS 3,638,625 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (191,238) REDESIGNATION OF GIFTS (1,720) OTHER OPERATING REVENUES TRANSFERRED TO LAHEY CLINIC, INC. AND LAHEY CLINIC HOSPITAL, INC. 1,299,645 _________ TOTAL $8,824,343 SCHEDULE D, PART XII, LINE 4B CONTRIBUTIONS, GIFTS, AND GRANTS $2,768,044 SCHEDULE D, PART XIII, LINE 2D OTHER OPERATING REVENUE COLLECTED BY LAHEY CLINIC FOUNDATION, INC. AND CREDITED TO OVERHEAD EXPENSES ALLOCATED TO LAHEY CLINIC INC. AND LAHEY CLINIC HOSPITAL, INC. $1,299,645 PENSION AND POST RETIREMENT RELATED CHANGES 326,651 __________ TOTAL $1,626,296 | Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Total ExpendituresTotalExpenditures |
|---|---|---|
| North America | Fundraising | |
| Central America and the Caribbean | Investments | 93943435 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Amount Spent | 93943435 | SubtotalAmountSpent |
| Total Amount Spent | 93943435 | TotalAmountSpent |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | true | OwnForeignCorp |
| Passive Foreign Invest Co | true | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART I, LINE 3 (1) | Identifier |
| Explanation | LAHEY CLINIC DOES NOT SEPARATELY TRACK EXPENDITURES FOR FUNDRAISING OUTSIDE THE UNITED STATES IN THE REGION. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | false | WrittenPolicyReTAndEExpenses |
| Substantiation Required | false | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | true | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (23 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Howard R Grant JD MD | |||||||||||||
| 516431 | 0 | 0 | 0 | 224450 | 0 | 21987 | 0 | 5640 | 0 | 768508 | 0 | 0 | 0 |
| John A Libertino MD | |||||||||||||
| 0 | 685255 | 0 | 90000 | 0 | 38531 | 0 | 14700 | 0 | 20207 | 0 | 848693 | 0 | 0 |
| Richard W Nesto MD | |||||||||||||
| 580214 | 0 | 110000 | 0 | 22396 | 0 | 14700 | 0 | 23734 | 0 | 751044 | 0 | 0 | 0 |
| Roger L Jenkins MD | |||||||||||||
| 0 | 560275 | 0 | 0 | 0 | 32050 | 0 | 14700 | 0 | 26393 | 0 | 633418 | 0 | 0 |
| Richard S D'Agostino MD | |||||||||||||
| 0 | 487441 | 0 | 0 | 0 | 38758 | 0 | 14700 | 0 | 32909 | 0 | 573808 | 0 | 0 |
| Judith A Melin MD | |||||||||||||
| 0 | 286002 | 0 | 10000 | 0 | 38638 | 0 | 14700 | 0 | 10762 | 0 | 360102 | 0 | 0 |
| Carl A Soderland MD | |||||||||||||
| 0 | 351369 | 0 | 0 | 0 | 38896 | 0 | 14700 | 0 | 17553 | 0 | 422518 | 0 | 0 |
| Andrew G Villanueva MD | |||||||||||||
| 0 | 283452 | 0 | 0 | 0 | 38758 | 0 | 14700 | 0 | 24129 | 0 | 361039 | 0 | 0 |
| Timothy O'Connor | |||||||||||||
| 683909 | 0 | 95000 | 0 | 22258 | 0 | 14700 | 0 | 22941 | 0 | 838808 | 0 | 0 | 0 |
| David M Barrett MD | |||||||||||||
| 841224 | 0 | 460000 | 0 | 87693 | 0 | 214700 | 0 | 1790 | 0 | 1605407 | 0 | 0 | 0 |
| Sanford R Kurtz MD | |||||||||||||
| 0 | 0 | 468851 | 0 | 449991 | 0 | 0 | 0 | 0 | 0 | 918842 | 0 | 393851 | 0 |
| William L Healy MD | |||||||||||||
| 0 | 537695 | 0 | 0 | 0 | 32050 | 0 | 14700 | 0 | 26613 | 0 | 611058 | 0 | 0 |
| Jospeh C Corkery MD | |||||||||||||
| 411930 | 0 | 60000 | 0 | 38896 | 0 | 14700 | 0 | 18697 | 0 | 544223 | 0 | 0 | 0 |
| Robert E Wise MD | |||||||||||||
| 191812 | 0 | 0 | 0 | 0 | 0 | 11509 | 0 | 0 | 0 | 203321 | 0 | 0 | 0 |
| Joan M Robbio | |||||||||||||
| 311730 | 0 | 0 | 0 | 39262 | 0 | 14700 | 0 | 20508 | 0 | 386200 | 0 | 0 | 0 |
| Kathleen S Jose | |||||||||||||
| 266564 | 0 | 0 | 0 | 38896 | 0 | 14700 | 0 | 9097 | 0 | 329257 | 0 | 0 | 0 |
| Phillips Axten | |||||||||||||
| 303245 | 0 | 0 | 0 | 38896 | 0 | 14700 | 0 | 23965 | 0 | 380806 | 0 | 0 | 0 |
| Peter R Lloyd | |||||||||||||
| 277659 | 0 | 0 | 0 | 22138 | 0 | 14700 | 0 | 22955 | 0 | 337452 | 0 | 0 | 0 |
| Theron Bradley | |||||||||||||
| 238605 | 0 | 0 | 0 | 38896 | 0 | 14700 | 0 | 26437 | 0 | 318638 | 0 | 0 | 0 |
| Allen S Danis | |||||||||||||
| 249076 | 0 | 0 | 0 | 38896 | 0 | 14700 | 0 | 1511 | 0 | 304183 | 0 | 0 | 0 |
| Nelson R Gagnon | |||||||||||||
| 283088 | 0 | 0 | 0 | 258 | 0 | 14700 | 0 | 1569 | 0 | 299615 | 0 | 0 | 0 |
| Helaine C Ahern | |||||||||||||
| 118207 | 0 | 0 | 0 | 154195 | 0 | 7092 | 0 | 9006 | 0 | 288500 | 0 | 0 | 0 |
| Seamus Collins | |||||||||||||
| 238593 | 0 | 0 | 0 | 22020 | 0 | 14700 | 0 | 28788 | 0 | 304101 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE J, PART I, LINES 1B & 2 | Identifier |
| Return Reference | THE ITEMS CHECKED IN SCHEDULE J, PART I, LINE 1A, VIA AN EXECUTED | ReturnReference |
| Explanation | EMPLOYEMENT AGREEMENT, WERE NEGOTIATED AND AGREED TO BY BOTH PARTIES AND THEIR REPRESENTATIVES. SCHEDULE J, PART I, LINE 7 THE NON-FIXED PAYMENT BONUSES REPORTED IN SCHEDULE J, PART II, COLUMN B(II) ARE DETERMINED BY A COMPENSATION COMMITTEE, WHICH IS COMPRISED OF 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 J, PART II LAHEY CLINIC FOUNDATION, INC. AND ITS RELATED ORGANIZATIONS DO NOT COMPENSATE ANY TRUSTEE IN THEIR CAPACITY AS TRUSTEE. ALL COMPENSATION PAID IS FOR WORK PERFORMED IN THEIR CAPACITY OTHER THAN TRUSTEE, WHICH IS LISTED ON FORM 990, PART VII, DIRECTLY FOLLOWING THE TITLE OF THE TRUSTEE. DR. DAVID M. BARRETT WAS TERMINATED FROM LAHEY CLINIC FOUNDATION, INC. ON 12/31/2010. SCHEDULE J REQUIRES THE REPORTING OF COMPENSATION BASED ON CALENDAR YEAR 2010 SALARY INFORMATION. DR. BARRETT WORKED FOR LAHEY CLINIC FOUNDATION, INC. FOR THE ENTIRE CALENDAR YEAR 2010, WHICH IS REFLECTED AND INCLUDED IN DR. BARRETT'S COMPENSATION AMOUNTS LISTED IN SCHEDULE J. DR. SANFORD R. KURTZ WAS TERMINATED FROM LAHEY CLINIC HOSPITAL, INC. ON 09/30/2009. $449,991 OF DR. KURTZ'S COMPENSATION LISTED IN THE "OTHER REPORTABLE COMPENSATION" COLUMN ON SCHEDULE J ARE SEVERANCE PAYMENTS PER DR. KURTZ'S EMPLOYMENT CONTRACT. $393,851 OF THE TOTAL AMOUNT LISTED IN THE "BONUS & INCENTIVE COMPENSATION" COLUMN FOR DR. KURTZ ON SCHEDULE J ARE PAYMENTS FOR COMPENSATION THAT WERE ACCRUED FOR DR. KURTZ IN PRIOR YEARS PER HIS EMPLOYMENT CONTRACT. PER IRS FORM 990 INSTRUCTIONS, THE $393,851 HAS BEEN PREVIOUSLY REPORTED ON PRIOR YEAR IRS 990 TAX RETURNS. HELAINE C. AHERN WAS TERMINATED FROM LAHEY CLINIC FOUNDATION, INC. ON 07/01/2010. $137,497 OF THE TOTAL AMOUNT LISTED FOR MS. AHERN IN THE "OTHER REPORTABLE COMPENSATION" COLUMN ON SCHEDULE J ARE SEVERANCE PAYMENTS PER MS. AHERN'S EMPLOYMENT CONTRACT. DR. JOSEPH C. CORKERY IS LISTED ON SCHEDULE J AS A "TRUSTEE UNTIL 01/24/2011". ALTHOUGH DR. CORKERY IS NO LONGER A TRUSTEE FOR LAHEY CLINIC FOUNDATION, INC. AND AFFILIATES, DR. CORKERY IS STILL A FULL TIME EMPLOYEE PERFORMING WORK AS A PHYSICIAN AND AS LAHEY CLINIC'S CHIEF INSTITUTIONAL ADVANCEMENT OFFICER. DR. WILLIAM L. HEALY IS LISTED ON SCHEDULE J AS A "TRUSTEE UNTIL 01/24/2011". ALTHOUGH DR. HEALY IS NO LONGER A TRUSTEE FOR LAHEY CLINIC FOUNDATION, INC. AND AFFILIATES, DR. HEALY IS STILL A FULL TIME EMPLOYEE PERFORMING WORK AS A PHYSICIAN AND A DEPARTMENT CHAIR. DR. ROBERT E. WISE IS LISTED ON SCHEDULE J AS A "TRUSTEE UNTIL 01/24/2011". ALTHOUGH DR. WISE IS NO LONGER A TRUSTEE FOR LAHEY CLINIC FOUNDATION, INC. AND AFFILIATES, DR. WISE IS STILL A PART TIME EMPLOYEE PERFORMING WORK AS AN ADMINISTRATOR AND AS HEAD OF THE ROBERT E. WISE INSTITUTE. SCHEDULE J, PART II, COLUMN B(III) INCLUDED IN THIS COLUMN FOR DR. BARRETT IS IMPUTED INCOME ASSOCIATED WITH THE VALUE OF A ONE YEAR TERM INSURANCE POLICY UNDER A SPLIT DOLLAR AGREEMENT WITH LAHEY CLINIC HOSPITAL, INC. SCHEDULE J, PART II, COLUMN C INCLUDED IN DR. BARRETT'S "RETIREMENT & OTHER DEFERRED COMPENSATION" IS $200,000 PER A SPLIT DOLLAR AGREEMENT WITH LAHEY CLINIC HOSPITAL, INC. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| 2005 MHEFA SERIES C BONDS | |||||||
| 042456011 | 57586CKW4 | 2005-07-14 | 161295967 | SEE PART V | false | false | false |
| 2007 MHEFA SERIES D BONDS | |||||||
| 042456011 | 57586CE68 | 2007-08-17 | 48655976 | SEE PART V | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Amount RetiredAmountRetired | Total ProceedsTotalProceeds | Capitalized InterestCapitalizedInterest | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Amount UnspentAmountUnspent |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28387982 | 161647745 | 943405 | 1259007 | 3594356 | 48366510 | 107484467 | 2006 | true | false | true | true | |
| 51388870 | 6773461 | 870765 | 43480534 | 2009 | false | false | true | true | 264110 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|
| false | false | false | false | 0.01258 | 0.01258 | true |
| false | false | false | false | 0.01172 | 0.01172 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|
| XL ASSET FUND CO I | |||||||
| false | false | false | true | 1.83 | true | false | false |
| AIG MATCH FUND CORP | |||||||
| false | false | false | true | 1. | true | false | false |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE K, PART I | Identifier |
| Explanation | THE SERIES C BOND WAS USED TO REFUND A 1993 BOND ISSUE AND TO FINANCE THE CONSTRUCTION OF A PARKING GARAGE AND TO FUND ROUTINE CAPITAL PROJECTS. THE SERIES D BOND WAS USED TO FINANCE THE EXPANSION, RENOVATION AND EQUIPPING OF AN AMBULATORY CARE CENTER. TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART II, LINE 3, COLUMNS A & B. THIS AMOUNT INCLUDES INVESTMENT EARNINGS. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BERNARD GORDON - | NamePerson |
| Purpose Of Loan | ASSET ACQUISITION | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $5,000,000 | OriginalPrincipalAmount |
| Balance Due | 2806849 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 2806849 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | EMC INC | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | TRUSTEE ON EMC BOARD | Relationship |
| Amount Of Transaction | 267525 | AmountOfTransaction |
| Description Of Transaction | PURCHASE OF PRODUCTS | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 5800 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 17 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 92383 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | HIGH-LOW AVERAGE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts | |
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE M, PART I, COLUMN (B) | Identifier |
| Return Reference | THE ORGANZATION IS REPORTING THE NUMBER OF NON-CASH CONTRIBUTIONS. | ReturnReference |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (18 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART I, LINE 1 & PART III, LINE 1 | LAHEY CLINIC FOUNDATION, INC. SUPPORTS LAHEY CLINIC HOSPITAL, INC., LAHEY CLINIC, INC. AND LAHEY CLINIC AFFILIATED SERVICES, INC. LAHEY CLINIC 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 CLINIC 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 CLINIC 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 1, LINE 5; PART V, LINES 1A & 2A; PART VII, COLUMNS D & E; AND PART VII, LINE 2 IN FISCAL YEAR 2010, LAHEY CLINIC FOUNDATION, INC. BECAME THE SOLE MEMBER OF LAHEY CLINIC, INC., LAHEY CLINIC HOSPITAL, INC., AND LAHEY CLINIC AFFILIATED SERVICES, INC. LAHEY CLINIC FOUNDATION, INC. HOLDS CAPITAL ASSETS, INVESTMENTS, DEBT, AND INFRASTRUCTURE COSTS. INFRASTRUCTURE COSTS, INCLUDING COMPENSATION, BENEFITS, SUPPLIES AND OTHER EXPENSES, PREVIOUSLY HOUSED IN LAHEY CLINIC HOSPITAL, INC., WERE TRANSFERRED TO LAHEY CLINIC FOUNDATION, INC. INFRASTRUCTURE COSTS/DEPARTMENTS INCLUDE BUT ARE NOT LIMITED TO THE FOLLOWING; INFORMATION SYSTEMS, HUMAN RESOURCES, ADMINISTRATION, FINANCE AND LEGAL SERVICES. FOR PART 1, LINE 5; PART V, LINES 1A & 2A; AND PART VII, LINE 2, THE INCREASE IN FORMS W-2 AND 1099 IN LAHEY CLINIC FOUNDATION, INC. IS OFFSET BY A DECREASE IN LAHEY CLINIC HOSPITAL, INC. FOR PART VII, COLUMNS D & E, CERTAIN EMPLOYEES REPORTED IN COLUMN E IN TAX YEAR 2009 ARE NOW REPORTED IN COLUMN D IN TAX YEAR 2010. FORM 990, PART IV, LINE 4 LAHEY CLINIC HOSPITAL, INC., A RELATED ORGANIZATION, 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 2 | OFFICERS AND TRUSTEES OF LAHEY CLINIC FOUNDATION, INC. ARE OFFICERS AND TRUSTEES OF LAHEY CLINIC, INC., LAHEY CLINIC HOSPITAL, INC., AND LAHEY CLINIC AFFILIATED SERVICES, INC. CERTAIN TRUSTEES ARE ALSO EMPLOYEES OF LAHEY CLINIC, INC. IN ADDITION TO THEIR ROLE AS A TRUSTEE AND/OR OFFICER, HOWARD R. GRANT, J.D., M.D., JOSEPH C. CORKERY, M.D., TIMOTHY O'CONNOR AND JAMES A. RADLEY ARE ALSO TRUSTEE AND/OR OFFICER FOR LAHEY CLINIC INSURANCE COMPANY, LTD. THE COMPENSATION FOR THE TRUSTEES AND OFFICERS OF LAHEY CLINIC FOUNDATION, INC. LISTED IN FORM 990, PART VII, COLUMN(E) IS FOR EMPLOYEES OF LAHEY CLINIC, INC. FORM 990, PART VI, SECTION A, LINES 6 AND 7 THE LAHEY CLINIC SYSTEM IS MADE UP OF FOUR NON-PROFIT CORPORATIONS, LAHEY CLINIC HOSPITAL, INC. (EIN # 04-2704686), LAHEY CLINIC, INC. (EIN # 04-2704683), LAHEY CLINIC FOUNDATION, INC. (EIN # 04-2323457) AND LAHEY CLINIC AFFILIATED SERVICES, INC. (EIN # 04-3178972). ALL FOUR OF THE LAHEY CLINIC 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 THREE CORPORATIONS. THE BOARD OF TRUSTEES (GOVERNING BODY) AND CORPORATE OFFICERS OF EACH OF THE FOUR LAHEY CLINIC CORPORATIONS ARE MADE UP OF THE EXACT SAME MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PREPARED THE IRS FORM 990 ALONG WITH INDEPENDENT TAX CONSULTANTS WHO SIGN THE RETURN AS A PAID PREPARER. LAHEY CLINIC FOUNDATION, INC.'S EXECUTIVE MANAGEMENT REVIEWED AND PRESENTED THE FINAL DRAFT OF IRS FORM 990 TO THE AUDIT & COMPLIANCE COMMITTEE OF THE LAHEY CLINIC FOUNDATION, INC. BOARD OF TRUSTEES PRIOR TO THE FILING DATE. THE FINAL IRS FORM 990 WAS PROVIDED TO THE ENTIRE BOARD OF TRUSTEES BEFORE THE FILING DATE VIA A 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 FILL OUT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE LAHEY CLINIC SYSTEM'S 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 CLINIC SYSTEM; 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; OR A PERSON COULD BE ASKED TO REMOVE THEMSELVES FROM A COMMITTEE. FORM 990, PART VI, SECTION B, LINE 14 LAHEY CLINIC FOUNDATION, INC. AND AFFILIATES HAVE A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY, WHICH HAS BEEN REVIEWED & REVISED AND WILL BE PRESENTED FOR ADOPTION BY THE BOARD OF TRUSTEES AND/OR AUTHORIZED COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 & SCHEDULE J, PART I, LINE 3 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. OUTSIDE LEGAL COUNSEL ADVISES THE COMMITTEE AND RECORDS MINUTES FROM THE COMMITTEE MEETINGS. THE COMMITTEE SEEKS THE ADVICE OF EXTERNAL COMPENSATION CONSULTANTS. COMPARABILITY DATA IS PROVIDED, ANALYZED, AND DOCUMENTED BY THE EXTERNAL CONSULTANTS. THE LAHEY VICE PRESIDENT OF HUMAN RESOURCE OPERATIONS 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, REVIEWS ALL PROPOSED JOINT VENTURE AND PARTNERSHIP AGREEMENTS. FROM A FINANCIAL PERSPECTIVE, LAHEY'S FINANCE MANAGEMENT TEAM REVIEWS ALL PROPOSED JOINT VENTURES AND PARTNERSHIP AGREEMENTS. BOTH REVIEWS TAKE PLACE BEFORE LAHEY 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 FILING AND PROVIDES SELECTED FINANCIAL DATA IN ITS ANNUAL REPORT. FORM 990, PART VII 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; PART IX, LINE 5; SCHEDULE J COMPENSATION, BENEFIT AND PENSION EXPENSES FOR OFFICERS, DIRECTORS, 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 A SIGNIFICANT PORTION OF THE AFOREMENTIONED EXPENSES TO ITS AFFILIATES. THE AFFILIATES THEN REIMBURSE LAHEY CLINIC FOUNDATION, INC. FORM 990, PART VIII, LINE IH CONTRIBUTIONS ARE NET OF WRITE-OFFS OR PRIOR YEAR PLEDGES. | |
| FORM 990, PART XI, LINE 5 | NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS $(5,085,978) UNRESTRICTED CONTRIBUTION 2,516,069 ASSETS RELEASED FROM TIME RESTRICTIONS 1,562,962 ASSETS RELEASED FROM RESTRICTIONS 3,638,625 PENSION & POST RETIREMENT RELATED CHANGE (326,651) GRANTS & CONTRIBUTIONS (2,768,044) CHANGE IN TEMPORARY & PERMANENT NET ASSETS (4,736,053) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (191,238) REDESIGNATION OF GIFTS (1,720) _____________ $(5,392,028) | |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:Howard R Grant J.D. M.D. TITLE:TRUSTEE/PRES/CEO START11/15/10 HOURS:41 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:John A Libertino, M.D. TITLE:TRUSTEE/CHAIR DEPT OF UROLOGY HOURS:39 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:Richard W Nesto, M.D. TITLE:TRUSTEE/CHIEF MED OPER OFFICER HOURS:41 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:Roger L Jenkins M.D. TITLE:TRUSTEE/CHAIR DIV OF SURGERY HOURS:39 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:Richard S D'Agostino M.D. TITLE:TRUSTEE/CHAIR DEPT CARDIO SURG HOURS:39 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:Judith A Melin M.D. TITLE:TRUSTEE/CHIEF MED SERV OFFICER HOURS:41 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:Carl A Soderland M.D. TITLE:TRUSTEE/CHAIR DIV OF COMMU MED HOURS:39 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:Andrew G Villanueva M.D. TITLE:TRUSTEE/CHIEF MED OFFICER CLIN HOURS:39 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:David M Barrett M.D. TITLE:TRUSTEE/PRES/CEO UNTIL12/31/10 HOURS:3 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:William L Healy M.D. TITLE:TRUSTEE UNTIL 01/24/11 /PHY. HOURS:39 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:Jospeh C Corkery M.D. TITLE:TRUSTEE UNTIL 01/24/11 /PHY. HOURS:41 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:Robert E Wise M.D. TITLE:TRUSTEE UNTIL 01/24/11 /ADMIN HOURS:3 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:Stephen R Freidberg M.D. TITLE:TRUSTEE UNTIL 01/24/11 /PHY. HOURS:19 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:Timothy O'Connor TITLE:OFFICER/TREASURER/EVP/CFO HOURS:41 | FORM 990 PART VII |
| HOURS DEVOTED FOR RELATED ORGANIZATION | NAME:Sanford R Kurtz M.D. TITLE:FORMER TRUSTEE/FORMER C00 HOURS: | FORM 990 PART VII |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| LAHEY CLINIC HOSPITAL INC | ||||||||||
| 41 MALL ROAD | BURLINGTON | MA | 01805 | 042704686 | HEALTH CARE | MA | 501(C)(3) | 3 | LCF INC | true |
| LAHEY CLINIC INC | ||||||||||
| 41 MALL ROAD | BURLINGTON | MA | 01805 | 042704683 | HEALTH CARE | MA | 501(C)(3) | 9 | LCF INC | true |
| LAHEY CLINIC AFFILIATED SERVICES INC | ||||||||||
| 41 MALL ROAD | BURLINGTON | MA | 01805 | 043178972 | HEALTH CARE | MA | 501(C)(3) | 9 | LCF INC | true |
Form990 Schedule R Part IV Form990ScheduleRPartIV (4 entries)
| Primary ActivityPrimaryActivity | Legal Domicile Foreign CountryLegalDomicileForeignCountry | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership | Legal Domicile StateLegalDomicileState |
|---|---|---|---|---|---|---|---|
| LAHEY CLINIC INSURANCE CO LTD | |||||||
| INSURANCE | BD | na | C-CorP | 0 | 42259405 | 1.00000 | |
| PERPETUAL TRUSTS (4) | |||||||
| SUPPORT | NA | TRUST | MA | ||||
| REMAINDER TRUSTS (17) | |||||||
| SUPPORT | NA | TRUST | MA | ||||
| POOLED INCOME FUNDS (3) | |||||||
| SUPPORT | NA | TRUST | MA | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | true | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (6 entries)
| Transaction TypeTransactionType | Method Of Amt DeterminationMethodOfAmtDetermination | Amount InvolvedAmountInvolved |
|---|---|---|
| Lahey Clinic Hospital Inc | ||
| K-R | COST | |
| LAHEY CLINIC INC | ||
| K-R | COST | |
| LAHEY CLINIC AFFILIATED SERVICES INC | ||
| K-R | COST | |
| PERPETUAL TRUSTS | ||
| R | CASH | 609672 |
| REMAINDER TRUSTS | ||
| R | CASH | 14192 |
| POOLED INCOME FUNDS | ||
| R | CASH | 27387 |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FORM 990, SCHEDULE R, PART IV, LINE 2 | Identifier |
| Return Reference | PERPETUAL TRUSTS ARE DOMICILED IN MASSACHUSETTS AND PENNSYLVANIA. | ReturnReference |
| Explanation | FORM 990, SCHEDULE R, PART IV, LINE 3 REMAINDER TRUSTS ARE DOMICILED IN MASSACHUSETTS AND NEW HAMPSHIRE. FORM 990, SCHEDULE R, PART V, LINE K IN ADDITION TO CONDUCTING FUNDRAISING AND SOLICIATION EFFORTS ON ITS OWN BEHALF, LAHEY CLINIC FOUNDATION, INC. ALSO CONDUCTS FUNDRAISING AND SOLICITATION EFFORTS ON BEHALF OF LAHEY CLINIC HOSPITAL, INC. AND LAHEY CLINIC, INC. FORM 990, SCHEDULE R, PART V, LINE L IN ADDITION TO CONDUCTING FUNDRAISING AND SOLICITATION EFFORTS ON THEIR OWN BEHALF, LAHEY CLINIC HOSPITAL, INC. AND LAHEY CLINIC, INC. CONDUCT FUNDRAISING AND SOLICITATION EFFORTS ON BEHALF OF LAHEY CLINIC FOUNDATION, INC. FORM 990, SCHEDULE R, PART V, LINE M ALL FOUR LAHEY CLINIC CORPORATIONS, CONSISTING OF THE LAHEY CLINIC HOSPITAL, INC., THE LAHEY CLINIC, INC., THE LAHEY CLINIC FOUNDATION, INC., AND THE LAHEY CLINIC AFFILIATED SERVICES, INC., SHARE FACILITIES, EQUIPMENT, MAILING LISTS AND OTHER ASSETS. FORM 990, SCHEDULE R, PART V, LINE N-R LAHEY CLINIC HOSPITAL, INC., LAHEY CLINIC, INC. AND LAHEY CLINIC FOUNDATION, INC., PROVIDE VARIOUS CORPORATE AND OTHER SERVICES TO EACH OTHER. THESE CORPORATIONS REIMBURSE ONE ANOTHER FOR EXPENSES INCURRED SUCH AS EMPLOYEE SALARIES, MATERIALS, SUPPLIES, UTILITIES, ETC. CASH IS ALSO TRANSFERRED BETWEEN THE THREE CORPORATIONS. | Explanation |