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Lahey Clinic Foundation INC

Public charity990-T FY2023
DBA: % TIMOTHY OCONNOR
Other · CHARLESTOWN, MA · EIN 04-2323457

About

The lahey clinic foundation, INC. (LCF) serves as the SOLE member and supports the lahey clinic (LC) and lahey clinic hospital d/b/a lahey hospital & medical center (LHMC), enabling LHMC and LC to provide 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 each patient's high expectations for service and to advance medicine through research and the education of tomorrow's health care leaders. Lahey clinic foundation, working with LC and LHMC, is committed to improving the health and quality of life of community residents by supporting local organizations aligned with this mission. During the fiscal period covered by this filing, BETH israel lahey health (BILH) served as the SOLE member of ANNA jaques hospital (AJH), BETH israel deaconess medical center, INC. (bidmc), mount auburn hospital (MAH), new england baptist hospital (NEBH), BETH israel deaconess hospital -- milton, INC. (milton), BETH israel deaconess hospital -- needham, INC. (needham), BETH israel deaconess hospital -- plymouth, INC. (plymouth), lahey health shared services (LHSS), lahey clinic foundation (LCF), winchester hospital (winchester), northeast hospital corporation (NHC) which includes beverly, addison gilbert and bayridge hospitals, northeast behavioral corporation (NBHC), the BETH israel lahey health performance network (bilhpn), exeter health resources INC. (EHRI) and the BETH israel lahey health pharmacy. The lahey clinic foundation in turn served as the SOLE member of lahey clinic INC, and lahey clinic hospital d/b/a lahey hospital and medical center (LHMC) and exeter health resources INC served as the SOLE member of exeter hospital. Each of the entities listed HERE may have also, in turn, served as member to other network affiliates. BILH is an integrated health care system committed to expanding access to extraordinary patient care across eastern massachusetts and southern new hampshire and advancing the science and practice of medicine through groundbreaking research and education. The BILH system is comprised of academic and teaching hospitals, a premier orthopedics hospital, primary care and specialty care providers, ambulatory surgery centers, urgent care centers, community hospitals, homecare services, outpatient behavioral health centers and addiction treatment programs. BILH's community of clinicians, caregivers and staff includes approximately 4,700 physicians and 39,000 employees.

In care of Timothy Oconnor

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
12

Financial Snapshot

FY ending 2024-09-30
Revenue
$49.5M
Expenses
$6.4M
Assets
$634.1M
Liabilities
$420.6M

Financial history

$49.5M$24.8M$0
161718192021222324
RevenueExpenses
Latest FY2024: $49.5M · Avg: $25.1M

Foreign activity (Schedule F)

Total spent abroad$62.1M
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN
EUROPE (INCLUDING ICELAND & GREENLAND)
LAHEY CLINIC FOUNDATION INC
Your actions

Address

CO BILH TAX 529 Main ST 4TH FL
Charlestown, MA, 02129-000

Governance

Voting board members24
Independent members12
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %76.0%
Permanent endowment %24.0%
Endowment held by related orgNo
Public records
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