LAHEY CLINIC FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

LAHEY CLINIC FOUNDATION INC

EIN 04-2323457 · Health Care (E110)

What they do

SEE SCHEDULE O

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe explanation is very short. Ask what work they really do.

They name their leaders36 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

12.88%of revenue went to mission work100.0% of expenses · Program services

$12.88spent for every $100 of revenueRevenue covered expenses this year.

$99.41in assets for every $1 spent this yearSome assets cannot be spent right away.

11.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,097,028 for TABB MD KEVIN (TTEE & CEO (EX-OFF) (CEO, BILH)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$49,536,778

Mission workProgram services$6,379,42612.88% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$43,157,35287.12% of revenueShown in gray on the chart

Total expenses$6,379,42612.88% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 12.88% of revenue

2022Expense mix: 99.3% mission · 0.7% management · 0.0% fundraisingTotal expenses: 17.49% of revenue

2021Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 2.00% of revenue

2020Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 2.85% of revenue

2019Expense mix: 0.0% mission · 40.0% management · 60.0% fundraisingTotal expenses: 60.31% of revenue

2018Expense mix: 0.0% mission · 32.9% management · 67.1% fundraisingTotal expenses: 16.15% of revenue

2017Expense mix: 0.0% mission · 34.9% management · 65.1% fundraisingTotal expenses: 13.57% of revenue

2016Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 24.77% of revenue

Money in and money out

Revenue$49,536,778

Expenses$6,379,426

Annual surplus $43,157,352 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,379,426 · 100.0% of expenses

See all reported dollar amounts

Revenue$49,536,778

Expenses$6,379,426

Assets$634,147,712

Income$49,536,778

Contributions$5,892,787

Mission work (program services)$6,379,426

Stocks and bonds$284,451,505

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TABB MD KEVINTTEE & CEO (EX-OFF) (CEO, BILH) · 1 hrs/week $1,097,028Base · Other $1,097,028

BELL ELIZABETH BRYCEAVP DEVELOPMENT · 55 hrs/week $292,956Base $276,872 · Other $16,084

MOFFATT-BRUCE MD PHD SUSANPRESIDENT & TRUSTEE (EX-OFFICIO) · 1 hrs/week $224,147Base · Other $224,147

BENNETT KEVINFRMR ASST TREAS (EX-OFF) & CFO $222,074Base · Other $222,074

RIOS CINDYTREAS (EX-OFF) (EXEC VP & CFO, BILH) · 1 hrs/week $217,736Base · Other $217,736

LIESCHING MD TIMOTHYSVP, CHIEF MEDICAL OFFICER · 1 hrs/week $88,251Base · Other $88,251

BRAMS MD DAVIDTTEE (EX-OFF) (PRES, MEDICAL STAFF) · 1 hrs/week $72,341Base · Other $72,341

MOSENTHAL MD ANNETRUSTEE; CHIEF ACADEMIC OFFICER · 1 hrs/week $68,115Base · Other $68,115

HUNTER MD ALICE ATRUSTEE; ORTHOPAEDIC SURGEON · 1 hrs/week $64,766Base · Other $64,766

SRINIVASAN MD JAYASHRITRUSTEE; DIVISION CHAIR NEUROLOGY · 1 hrs/week $59,450Base · Other $59,450

CANTRELL PAULVP, PLANNING, DESIGN, & CONSTRUCTION · 1 hrs/week $59,238Base · Other $59,238

MOURTZINOS MD ARTHUR PTRUSTEE; UROLOGIST · 1 hrs/week $50,084Base · Other $50,084

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (36)

TABB MD KEVINTTEE & CEO (EX-OFF) (CEO, BILH)

BELL ELIZABETH BRYCEAVP DEVELOPMENT

MOFFATT-BRUCE MD PHD SUSANPRESIDENT & TRUSTEE (EX-OFFICIO)

BENNETT KEVINFRMR ASST TREAS (EX-OFF) & CFO

RIOS CINDYTREAS (EX-OFF) (EXEC VP & CFO, BILH)

LIESCHING MD TIMOTHYSVP, CHIEF MEDICAL OFFICER

BRAMS MD DAVIDTTEE (EX-OFF) (PRES, MEDICAL STAFF)

MOSENTHAL MD ANNETRUSTEE; CHIEF ACADEMIC OFFICER

HUNTER MD ALICE ATRUSTEE; ORTHOPAEDIC SURGEON

SRINIVASAN MD JAYASHRITRUSTEE; DIVISION CHAIR NEUROLOGY

CANTRELL PAULVP, PLANNING, DESIGN, & CONSTRUCTION

MOURTZINOS MD ARTHUR PTRUSTEE; UROLOGIST

AQUINO MD PATRICKTTEE; LCI DIVISION CHAIR, PSYCHIATRY

SHORETT PETERTTEE(CEO DESIG) (SR EVP & COO, BILH)

WINGER MD CHRISTINETRUSTEE, PHYSICIAN

PARRILLO JULIAREGIONAL VP, PHILANTHROPY

SORCINI MD ANDREA PTTEE (EX-OFF); MSA PRES & UROLOGIST

KATZ ESQ JAMIECLERK (EX-OFF); GENERAL COUNSEL BILH

CRAWFORD MD BETSEYTTEE; PHYSICIAN, INTERNAL MEDICINE

DAGOSTINO MD RICHARD STRUSTEE, PHYSICIAN

TABERNER MIKAELAASST CLERK (ASSOC GC, BILH)

LONGWORTH MD DAVIDFRMR TTEE (EX-OFF) & PRES

CONNELLY CPA MBA MICHAELASST TREAS (EX-OFF) & CFO

PONTE PATRICIA REIDTRUSTEE

ALEXANDER PAULTRUSTEE

BACIARELLI RENATO VALINTERIM SVP, COO

SCHMERGEL GREGTRUSTEE

ROBINS SHANNONTRUSTEE

REYNOLDS MARYTRUSTEE

NORDBLOM PETER CTRUSTEE

DECOSTE PAMELATRUSTEE

EDMONDS JANE CTRUSTEE & CHAIR

FINK JOHANNATRUSTEE

MCARDLE JOANTRUSTEE

HO WILLIAMTRUSTEE

LAFRENIERE LAWRENCETRUSTEE

About this charity

Recognized since: January 1994
Location: CO BILH TAX 529 MAIN ST 4TH FL, CHARLESTOWN, MA 02129
County: Suffolk
In care of: RAFAEL HERNANDEZ
Primary officer: RAFAEL HERNANDEZ, VP, BILH CORPOR

How to reach them

WebsiteVisit the charity’s website Phone(781) 744-5100 Officer phone(781) 744-8924

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: DELOITTE TAX LLP
NTEE classification: Health Care (E110)
IRS tax category: Other Grantmaking and Giving Services