Civic Intelligence

Joslin Clinic Inc.

990 • Fiscal year 2018 • EIN 22-2984590

Oct 01, 2017 to Sep 30, 2018 • Filed on Jul 23, 2019

One Joslin PlaceBoston, MA 02215

(617) 309-2400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

16th percentile

0.07x

Higher debt load relative to revenue than 16% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

33rd percentile

0.0%

Higher net margin than 33% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

89th percentile

$678,581

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

45th percentile

1.5%

Faster asset growth than 45% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

48th percentile

4.4%

Faster revenue growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,822,785

Up $26,643 (+1.5%) from 2017

Net Assets

Flat

$0

Flat from 2017

Liabilities

Up

$1,822,785

Up $26,643 (+1.5%) from 2017

Revenue

Up

$27,546,425

Up $1,152,919 (+4.4%) from 2017

Expenses

Up

$27,546,425

Up $1,152,919 (+4.4%) from 2017

Net Income

Flat

$0

Flat from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $2,173,481Liabilities 2010: $2,700,827Net Assets 2010: -$527,3462010Assets 2011: $2,072,511Liabilities 2011: $2,599,858Net Assets 2011: -$527,3472011Assets 2012: $2,540,823Liabilities 2012: $3,068,170Net Assets 2012: -$527,3472012Assets 2013: $2,659,233Liabilities 2013: $2,659,233Net Assets 2013: $02013Assets 2014: $2,313,317Liabilities 2014: $2,313,317Net Assets 2014: $02014Assets 2015: $1,892,453Liabilities 2015: $1,892,453Net Assets 2015: $02015Assets 2016: $1,946,507Liabilities 2016: $1,946,507Net Assets 2016: $02016Assets 2017: $1,796,142Liabilities 2017: $1,796,142Net Assets 2017: $02017Assets 2018: $1,822,785Liabilities 2018: $1,822,785Net Assets 2018: $02018Assets 2019: $2,420,864Liabilities 2019: $2,420,864Net Assets 2019: $02019Assets 2020: $1,449,450Liabilities 2020: $1,449,450Net Assets 2020: $02020Assets 2021: $2,738,991Liabilities 2021: $2,738,991Net Assets 2021: $02021Assets 2022: $1,373,368Liabilities 2022: $1,373,368Net Assets 2022: $02022Assets 2023: $1,149,441Liabilities 2023: $1,149,441Net Assets 2023: $02023Assets 2024: $1,343,195Liabilities 2024: $1,343,195Net Assets 2024: $02024

Highlighted filing

2018

Assets$1,822,785
Liabilities$1,822,785
Net Assets$0

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0Expenses 2010: $25,171,9882010Expenses 2011: $24,105,9772011Expenses 2012: $25,686,0802012Expenses 2013: $25,778,8912013Revenue 2014: $26,366,064Expenses 2014: $26,366,064Net Income 2014: $02014Revenue 2015: $25,714,128Expenses 2015: $25,714,128Net Income 2015: $02015Revenue 2016: $25,340,068Expenses 2016: $25,340,068Net Income 2016: $02016Revenue 2017: $26,393,506Expenses 2017: $26,393,506Net Income 2017: $02017Revenue 2018: $27,546,425Expenses 2018: $27,546,425Net Income 2018: $02018Revenue 2019: $29,991,380Expenses 2019: $29,991,380Net Income 2019: $02019Revenue 2020: $30,901,455Expenses 2020: $30,901,455Net Income 2020: $02020Revenue 2021: $29,441,292Expenses 2021: $29,441,292Net Income 2021: $02021Revenue 2022: $30,492,421Expenses 2022: $30,492,421Net Income 2022: $02022Revenue 2023: $25,130,232Expenses 2023: $25,130,232Net Income 2023: $02023Revenue 2024: $24,511,062Expenses 2024: $24,511,062Net Income 2024: $02024

Highlighted filing

2018

Revenue$27,546,425
Expenses$27,546,425
Net Income$0
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jul 23, 2019
Return Version
2017v2.3
Gross Receipts
$27,546,425
Mission and Program Overview

Mission

PATIENT CARE

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,452,182$1,807,270▲ $355,088
Prepaid Expenses and Deferred Charges$343,960$15,515▼ $328,445
Total Assets$1,796,142$1,822,785▲ $26,643
Liabilities
Other Liabilities$1,373,818$1,420,876▲ $47,058
Accounts Payable and Accrued Expenses$422,324$401,909▼ $20,415
Total Liabilities$1,796,142$1,822,785▲ $26,643
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$1,796,142$1,822,785▲ $26,643
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peter S AmentaPresident & Chief Executive Officer
Anne M LagasseTrustee
Robert Gabbay Md PhdChief Medical Officer & Sr. VP
Maria BuckleyGeneral Counsel
Eliot LurierTreasurer/CFO/COO

Highest Paid Contractors

ContractorServicesLocationCompensation
Joslin Diabetes Center INCManagement ServicesONE JOSLIN PLACE, Boston, MA 02215$20,710,931
Revenue and Support

Revenue Composition

Contributions and Grants
$9,968,867
Program Service Revenue
$17,577,558
Investment Income
$0
Other Revenue
$0
All Other Contributions
$101,255
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,546,425
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$27,546,425
Total Revenue per Form 990
$27,546,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,546,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$27,546,425--$27,546,425
Total Functional Expenses$27,546,425$0$0$27,546,425

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$27,546,425
Total Expenses per Audited Statements$27,546,425
Total Expenses per Form 990$27,546,425
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Joslin Diabetes Center$1,420,876
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Peter amenta, eliot lurier, robert gabbay and maria buckley have a business relationship. Peter amenta serves as ceo and president of joslin diabetes center inc. Eliot lurier serves as cfo and coo of joslin diabetes center inc. Robert gabbay serves as senior vp and chief medical officer of joslin diabetes center inc. Maria buckley serves as general counsel of joslin diabetes center inc.

Form 990, Part VI, Section A, Line 3

Pursuant to a services agreement, joslin diabetes center, inc. Is supervising, directing and controlling the day-to-day business activities, management, administration, and operation of joslin clinic, inc.'s business and assets. Joslin clinic, inc. Is a supporting organization of joslin diabetes center, inc.

Form 990, Part VI, Section A, Line 6

Joslin clinic, inc. Has one corporate member, joslin diabetes center, inc. ("the center").

Form 990, Part VI, Section A, Line 7A

Joslin clinic, inc. Has one corporate member, joslin diabetes center, inc. ("the center").

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by members of the fiscal services department for completeness and accuracy. Once reviewed and approved by finance, a copy of the form as it will be filed with the internal revenue service is reviewed and discussed with the audit committee of the board, and then sent to the board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C

The general counsel's office distributes an annual disclosure form to all officers, trustees and employees annually. The information disclosed is reviewed by the general counsel and, if a potential conflict exists, by the committee as defined below. The disclosure forms of the vice presidents will be reviewed by the general counsel and the president, the disclosure form of the president will be be reviewed by the general counsel and the chair of the board. If a potential conflict is found to exist, the individual shall refrain from active participation in any decision concerning the matter.

Form 990, Part VI, Section C, Line 19

The form 990 and the audited financial statements are available for review at the fiscal services office and the massachusetts attorney general's website. They are also available in an electronic format upon request. The governing documents, conflict of interest policy and the whistleblower policy are available for review at the office of the general counsel or in an electronic format upon request.

FORM 990, PART VI, SECTION B, LINE 15A & 15B:

Joslin clinic does not directly compensate its ceo or any of its other officers. Compensation for these individuals is set by the joslin diabetes center ("the center") following the procedures of the center as outlined below: executive compensation includes the ceo and the senior leadership team. Pay for the ceo is determined by the board. The human resource department provides survey data as requested. Senior leadership team pay is determined by the ceo with survey data provided by hr. Executive compensation is reviewed annually by the compensation committee of the board. In all cases, compensation is determined by independent persons. Individuals are prohibited from active participation in any decisions regarding their own compensation.

FORM 990, PART VI, SECTION B:

Existence of policies the conflict of interest policy, whistleblower policy and document retention policy for the joslin diabetes center are in effect for, and govern, the joslin clinic. Regular and consistent monitoring and enforcement of compliance with these policies are managed by the joslin diabetes center.

Filing and Contact Details

Filer

Filer Name
Joslin Clinic Inc
EIN
22-2984590
Phone
6173092400
Address
ONE JOSLIN PLACE, BOSTON, MA 02215

Signing Officer

Name
Eliot Lurier
Title
CFO/COO
Phone
6173092400
Signed
2019-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter S Amenta Md
Formed
1984
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Cbiz Mhm LLC
Address
500 BOYLSTON STREET, BOSTON, MA 02116
Preparer
Craig Klein
Phone
6177610600
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4A:

Community benefit statement joslin clinic is part of joslin diabetes center, the world's largest diabetes research and clinical care organization. Joslin is dedicated to ensuring that people with diabetes live long, healthy lives and offers real hope and progress toward diabetes prevention and a cure. Joslin is an independent, nonprofit institution affiliated with harvard medical school. Our mission is to prevent, treat and cure diabetes. Our vision is a world free of diabetes and its complications. Diabetes is a global pandemic diabetes is a devastating and potentially fatal disease that is a global problem. The statistics are sobering: the number of people living with diabetes will increase from 425 million in 2017 to 629 million in 2045, according to the 2017 international diabetes federation (idf) diabetes atlas. Fully half of people with type 2 diabetes don't know they have it, so they aren't seeking medical help to manage their condition and prevent potentially fatal complications. Every seven seconds around the world, someone dies from diabetes. Diabetes in the united states - more than 50 million americans are living with diabetes today - by 2045, as many as 73 million american adults will have diabetes if present trends continue compared to their counterparts without diabetes, adults with diabetes in the u.s: - adults with diabetes spend an average of $16,750 per year on medical costs of which $9,600 or 57% is attributed to diabetes. This results in a spend of 2.3 times more on medical costs each year. - have a 50% higher risk of death resulting in more than 378,000 deaths in 2017. The personal and financial impact of diabetes diabetes is associated with an increased risk for a number of devastating complications, including heart disease and stroke, kidney disease, blindness and amputations. Overall, the risk for death among people with diabetes is about twice that of people without diabetes of similar age. Increases in both types 1 and 2 diabetes, as well as obesity, a precursor of type 2 diabetes, are also being observed in children and adolescents, presenting future challenges to the healthcare system. In addition to the human toll, the financial burden associated with diabetes is staggering. According to the american diabetes association, the total cost of diagnosed diabetes in the u.s. In 2017 was $327 billion - a 26% increase over 2012. Of that $327 billion: - $237 billion (72% of total cost) was direct medical cost, including hospital and emergency care, office visits and medication - $90 billion (28% of total costs) was the cost of reduced and lost productivity from absenteeism, unemployment and death joslin patient care: living long and well with diabetes joslin helps adults, adolescents and children challenged with type 1 and type 2 diabetes to live long, healthy lives, free of complications. All of our physicians, diabetes educators, and specialty clinicians are expert in all facets of diabetes. Our clinic has the highest concentration of certified diabetes educators - nurses, dietitians, exercise physiologists, nurse practitioners and mental health professionals - than anywhere else in the world. Our world-renowned endocrinologists, certified diabetes educators, nutritionists, exercise physiologists and other clinical specialists provide: - personalized care and support to help patients and their families manage their diabetes - state-of-the-art medical care, with expertise in technology (i.e., pumps, continuous glucose monitors), nutrition, physical activity and all 15 classes of diabetes medications - aggressive prevention and management of complications because of our clinic's single-minded focus on cutting-edge care, joslin has excellent clinical quality care metrics - outperforming in every category of both outcome quality measures and process quality measures: - joslin outperforms the ada benchmark for all three outcome quality measures - a1c, blood pressure and cholesterol - joslin outperforms the a

Form 990, Part IX, Line 11G

Patient care and management services: program service expenses 20,710,931. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,710,931. Space lease costs: program service expenses 6,835,494. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,835,494.

Financial Statement Notes

PART X, LINE 2:

Joslin and the clinic follow guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the consolidated financial statements if the position is "more likely than not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. Both joslin and the clinic are exempt from federal income tax under irc section 501(c)(3) (the code), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. Joslin and the clinic have processes presently in place to ensure the maintenance of their respective tax-exempt statuses; to identify and report unrelated business income; to determine its filing and tax obligations in jurisdictions for which it was nexus; and to identify and evaluate other matters that may be considered tax positions. Both joslin and the clinic have determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0JOSLIN AND THE CLINIC FOLLOW GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. BOTH JOSLIN AND THE CLINIC ARE EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3) (THE CODE), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. JOSLIN AND THE CLINIC HAVE PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF THEIR RESPECTIVE TAX-EXEMPT STATUSES; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT WAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. BOTH JOSLIN AND THE CLINIC HAVE DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT GABBAY MD PHD
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF MEDICAL OFFICER & SR. VP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER/CFO/COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2PRESIDENT & CHIEF EXECUTIVE OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3GENERAL COUNSEL
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CLINIC'S TOP MANAGEMENT OFFICIAL AND TOP FINANCIAL OFFICIAL ARE COMPENSATED THROUGH ITS RELATED ORGANIZATION, JOSLIN DIABETES CENTER. THE FOLLOWING IS THE DISCLOSURE AS PRESENTED ON THE JOSLIN DIABETES CENTER'S FORM 990 REGARDING COMPENSATION FOR THE TOP OFFICERS AND THE CEO: EXECUTIVE COMPENSATION INCLUDES THE CEO AND THE SENIOR LEADERSHIP TEAM. PAY FOR THE CEO IS DETERMINED BY THE BOARD. THE HUMAN RESOURCE DEPARTMENT PROVIDES SURVEY DATA AS REQUESTED. SENIOR LEADERSHIP TEAM PAY IS DETERMINED BY THE CEO WITH SURVEY DATA PROVIDED BY HR. EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD. IN ALL CASES, COMPENSATION IS DETERMINED BY INDEPENDENT PERSONS. INDIVIDUALS ARE PROHIBITED FROM ACTIVE PARTICIPATION IN ANY DECISIONS REGARDING THEIR OWN COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMMUNITY BENEFIT STATEMENT JOSLIN CLINIC IS PART OF JOSLIN DIABETES CENTER, THE WORLD'S LARGEST DIABETES RESEARCH AND CLINICAL CARE ORGANIZATION. JOSLIN IS DEDICATED TO ENSURING THAT PEOPLE WITH DIABETES LIVE LONG, HEALTHY LIVES AND OFFERS REAL HOPE AND PROGRESS TOWARD DIABETES PREVENTION AND A CURE. JOSLIN IS AN INDEPENDENT, NONPROFIT INSTITUTION AFFILIATED WITH HARVARD MEDICAL SCHOOL. OUR MISSION IS TO PREVENT, TREAT AND CURE DIABETES. OUR VISION IS A WORLD FREE OF DIABETES AND ITS COMPLICATIONS. DIABETES IS A GLOBAL PANDEMIC DIABETES IS A DEVASTATING AND POTENTIALLY FATAL DISEASE THAT IS A GLOBAL PROBLEM. THE STATISTICS ARE SOBERING: THE NUMBER OF PEOPLE LIVING WITH DIABETES WILL INCREASE FROM 425 MILLION IN 2017 TO 629 MILLION IN 2045, ACCORDING TO THE 2017 INTERNATIONAL DIABETES FEDERATION (IDF) DIABETES ATLAS. FULLY HALF OF PEOPLE WITH TYPE 2 DIABETES DON'T KNOW THEY HAVE IT, SO THEY AREN'T SEEKING MEDICAL HELP TO MANAGE THEIR CONDITION AND PREVENT POTENTIALLY FATAL COMPLICATIONS. EVERY SEVEN SECONDS AROUND THE WORLD, SOMEONE DIES FROM DIABETES. DIABETES IN THE UNITED STATES - MORE THAN 50 MILLION AMERICANS ARE LIVING WITH DIABETES TODAY - BY 2045, AS MANY AS 73 MILLION AMERICAN ADULTS WILL HAVE DIABETES IF PRESENT TRENDS CONTINUE COMPARED TO THEIR COUNTERPARTS WITHOUT DIABETES, ADULTS WITH DIABETES IN THE U.S: - ADULTS WITH DIABETES SPEND AN AVERAGE OF $16,750 PER YEAR ON MEDICAL COSTS OF WHICH $9,600 OR 57% IS ATTRIBUTED TO DIABETES. THIS RESULTS IN A SPEND OF 2.3 TIMES MORE ON MEDICAL COSTS EACH YEAR. - HAVE A 50% HIGHER RISK OF DEATH RESULTING IN MORE THAN 378,000 DEATHS IN 2017. THE PERSONAL AND FINANCIAL IMPACT OF DIABETES DIABETES IS ASSOCIATED WITH AN INCREASED RISK FOR A NUMBER OF DEVASTATING COMPLICATIONS, INCLUDING HEART DISEASE AND STROKE, KIDNEY DISEASE, BLINDNESS AND AMPUTATIONS. OVERALL, THE RISK FOR DEATH AMONG PEOPLE WITH DIABETES IS ABOUT TWICE THAT OF PEOPLE WITHOUT DIABETES OF SIMILAR AGE. INCREASES IN BOTH TYPES 1 AND 2 DIABETES, AS WELL AS OBESITY, A PRECURSOR OF TYPE 2 DIABETES, ARE ALSO BEING OBSERVED IN CHILDREN AND ADOLESCENTS, PRESENTING FUTURE CHALLENGES TO THE HEALTHCARE SYSTEM. IN ADDITION TO THE HUMAN TOLL, THE FINANCIAL BURDEN ASSOCIATED WITH DIABETES IS STAGGERING. ACCORDING TO THE AMERICAN DIABETES ASSOCIATION, THE TOTAL COST OF DIAGNOSED DIABETES IN THE U.S. IN 2017 WAS $327 BILLION - A 26% INCREASE OVER 2012. OF THAT $327 BILLION: - $237 BILLION (72% OF TOTAL COST) WAS DIRECT MEDICAL COST, INCLUDING HOSPITAL AND EMERGENCY CARE, OFFICE VISITS AND MEDICATION - $90 BILLION (28% OF TOTAL COSTS) WAS THE COST OF REDUCED AND LOST PRODUCTIVITY FROM ABSENTEEISM, UNEMPLOYMENT AND DEATH JOSLIN PATIENT CARE: LIVING LONG AND WELL WITH DIABETES JOSLIN HELPS ADULTS, ADOLESCENTS AND CHILDREN CHALLENGED WITH TYPE 1 AND TYPE 2 DIABETES TO LIVE LONG, HEALTHY LIVES, FREE OF COMPLICATIONS. ALL OF OUR PHYSICIANS, DIABETES EDUCATORS, AND SPECIALTY CLINICIANS ARE EXPERT IN ALL FACETS OF DIABETES. OUR CLINIC HAS THE HIGHEST CONCENTRATION OF CERTIFIED DIABETES EDUCATORS - NURSES, DIETITIANS, EXERCISE PHYSIOLOGISTS, NURSE PRACTITIONERS AND MENTAL HEALTH PROFESSIONALS - THAN ANYWHERE ELSE IN THE WORLD. OUR WORLD-RENOWNED ENDOCRINOLOGISTS, CERTIFIED DIABETES EDUCATORS, NUTRITIONISTS, EXERCISE PHYSIOLOGISTS AND OTHER CLINICAL SPECIALISTS PROVIDE: - PERSONALIZED CARE AND SUPPORT TO HELP PATIENTS AND THEIR FAMILIES MANAGE THEIR DIABETES - STATE-OF-THE-ART MEDICAL CARE, WITH EXPERTISE IN TECHNOLOGY (I.E., PUMPS, CONTINUOUS GLUCOSE MONITORS), NUTRITION, PHYSICAL ACTIVITY AND ALL 15 CLASSES OF DIABETES MEDICATIONS - AGGRESSIVE PREVENTION AND MANAGEMENT OF COMPLICATIONS BECAUSE OF OUR CLINIC'S SINGLE-MINDED FOCUS ON CUTTING-EDGE CARE, JOSLIN HAS EXCELLENT CLINICAL QUALITY CARE METRICS - OUTPERFORMING IN EVERY CATEGORY OF BOTH OUTCOME QUALITY MEASURES AND PROCESS QUALITY MEASURES: - JOSLIN OUTPERFORMS THE ADA BENCHMARK FOR ALL THREE OUTCOME QUALITY MEASURES - A1C, BLOOD PRESSURE AND CHOLESTEROL - JOSLIN OUTPERFORMS THE A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PETER AMENTA, ELIOT LURIER, ROBERT GABBAY AND MARIA BUCKLEY HAVE A BUSINESS RELATIONSHIP. PETER AMENTA SERVES AS CEO AND PRESIDENT OF JOSLIN DIABETES CENTER INC. ELIOT LURIER SERVES AS CFO AND COO OF JOSLIN DIABETES CENTER INC. ROBERT GABBAY SERVES AS SENIOR VP AND CHIEF MEDICAL OFFICER OF JOSLIN DIABETES CENTER INC. MARIA BUCKLEY SERVES AS GENERAL COUNSEL OF JOSLIN DIABETES CENTER INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PURSUANT TO A SERVICES AGREEMENT, JOSLIN DIABETES CENTER, INC. IS SUPERVISING, DIRECTING AND CONTROLLING THE DAY-TO-DAY BUSINESS ACTIVITIES, MANAGEMENT, ADMINISTRATION, AND OPERATION OF JOSLIN CLINIC, INC.'S BUSINESS AND ASSETS. JOSLIN CLINIC, INC. IS A SUPPORTING ORGANIZATION OF JOSLIN DIABETES CENTER, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3JOSLIN CLINIC, INC. HAS ONE CORPORATE MEMBER, JOSLIN DIABETES CENTER, INC. ("THE CENTER").
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4JOSLIN CLINIC, INC. HAS ONE CORPORATE MEMBER, JOSLIN DIABETES CENTER, INC. ("THE CENTER").
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS REVIEWED BY MEMBERS OF THE FISCAL SERVICES DEPARTMENT FOR COMPLETENESS AND ACCURACY. ONCE REVIEWED AND APPROVED BY FINANCE, A COPY OF THE FORM AS IT WILL BE FILED WITH THE INTERNAL REVENUE SERVICE IS REVIEWED AND DISCUSSED WITH THE AUDIT COMMITTEE OF THE BOARD, AND THEN SENT TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GENERAL COUNSEL'S OFFICE DISTRIBUTES AN ANNUAL DISCLOSURE FORM TO ALL OFFICERS, TRUSTEES AND EMPLOYEES ANNUALLY. THE INFORMATION DISCLOSED IS REVIEWED BY THE GENERAL COUNSEL AND, IF A POTENTIAL CONFLICT EXISTS, BY THE COMMITTEE AS DEFINED BELOW. THE DISCLOSURE FORMS OF THE VICE PRESIDENTS WILL BE REVIEWED BY THE GENERAL COUNSEL AND THE PRESIDENT, THE DISCLOSURE FORM OF THE PRESIDENT WILL BE BE REVIEWED BY THE GENERAL COUNSEL AND THE CHAIR OF THE BOARD. IF A POTENTIAL CONFLICT IS FOUND TO EXIST, THE INDIVIDUAL SHALL REFRAIN FROM ACTIVE PARTICIPATION IN ANY DECISION CONCERNING THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW AT THE FISCAL SERVICES OFFICE AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THEY ARE ALSO AVAILABLE IN AN ELECTRONIC FORMAT UPON REQUEST. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE WHISTLEBLOWER POLICY ARE AVAILABLE FOR REVIEW AT THE OFFICE OF THE GENERAL COUNSEL OR IN AN ELECTRONIC FORMAT UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8JOSLIN CLINIC DOES NOT DIRECTLY COMPENSATE ITS CEO OR ANY OF ITS OTHER OFFICERS. COMPENSATION FOR THESE INDIVIDUALS IS SET BY THE JOSLIN DIABETES CENTER ("THE CENTER") FOLLOWING THE PROCEDURES OF THE CENTER AS OUTLINED BELOW: EXECUTIVE COMPENSATION INCLUDES THE CEO AND THE SENIOR LEADERSHIP TEAM. PAY FOR THE CEO IS DETERMINED BY THE BOARD. THE HUMAN RESOURCE DEPARTMENT PROVIDES SURVEY DATA AS REQUESTED. SENIOR LEADERSHIP TEAM PAY IS DETERMINED BY THE CEO WITH SURVEY DATA PROVIDED BY HR. EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD. IN ALL CASES, COMPENSATION IS DETERMINED BY INDEPENDENT PERSONS. INDIVIDUALS ARE PROHIBITED FROM ACTIVE PARTICIPATION IN ANY DECISIONS REGARDING THEIR OWN COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9EXISTENCE OF POLICIES THE CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY AND DOCUMENT RETENTION POLICY FOR THE JOSLIN DIABETES CENTER ARE IN EFFECT FOR, AND GOVERN, THE JOSLIN CLINIC. REGULAR AND CONSISTENT MONITORING AND ENFORCEMENT OF COMPLIANCE WITH THESE POLICIES ARE MANAGED BY THE JOSLIN DIABETES CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PATIENT CARE AND MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 20,710,931. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,710,931. SPACE LEASE COSTS: PROGRAM SERVICE EXPENSES 6,835,494. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,835,494.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 4A:
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IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01796142
IRS990/TotalAssetsEOYAmt01822785
IRS990/TotalAssetsGrp/BOYAmt01796142
IRS990/TotalAssetsGrp/EOYAmt01822785
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt09968867
IRS990/TotalEmployeeCnt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.34$1.34$0.00$24.5$24.5$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$1.15$0.00$25.1$25.1$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$1.37$0.00$30.5$30.5$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$2.74$0.00$29.4$29.4$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$1.45$0.00$30.9$30.9$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$2.42$0.00$30.0$30.0$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.82$1.82$0.00$27.5$27.5$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$1.80$0.00$26.4$26.4$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.95$1.95$0.00$25.3$25.3$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.89$1.89$0.00$25.7$25.7$0.00
2014Detailed filing. Detailed filing data is available for this year.$2.31$2.31$0.00$26.4$26.4$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$2.66$0.00$25.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$3.07$0.53$25.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$2.60$0.53$24.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$2.70$0.53$25.2