statement of activites information (summarized) For the year ended December 31, 2017 HADASSAH MEDICAL HADASSAH ORGANIZATION ELIMINATIONS
TOTAL
REVENUES Patient service revenue
$
Contributions and bequests
-
$ 603,811,187
53,424,525
$
107,720,330
-
$ 603,811,187
(27,500,377)
133,644,478
Change in value of split-interest agreements
1,073,207
-
-
1,073,207
Member dues
504,813
-
-
504,813
Investment return
70,407,082
292,694
-
70,699,776
Net income from recovery agreement
-
38,615,166
(12,666,667)
25,948,499
Income from affiliation agreement
-
9,558,188
-
9,558,188
Government grants
95,526
-
-
95,526
Magazine revenue
496,126
-
-
496,126
Other revenue
2,447,930
9,169,697
TOTAL REVENUES
$128,449,209
8,495,701
$768,493,266
(1,773,934)
$ (41,940,978)
$855,001,497
$
-
$584,586,865
-
70,254,658
EXPENSES PROGRAM Medical Services
$ 9,446,446
$ 575,140,419
Education and research
1,590,820
68,663,838
Grants and allocations
42,101,467
-
(40,167,044)
1,934,423
Magazine
1,811,996
-
-
1,811,996
Membership services
7,970,805
-
-
7,970,805
Communications and public affairs
4,605,241
-
2,831,307
Young Judaea programs
306,264
-
(1,773,934) -
306,264
-
-
11,313,280
-
93,529,914
SUPPORTING SERVICES Fund-raising
11,313,280
11,648,676
Management and general
81,881,238
TOTAL EXPENSES
$90,794,995
$725,685,495
Increase in net assets before foreign currency translation gain and other changes
$ 37,654,214
$ 42,807,771
$(41,940,978)
$
$ 774,539,512
-
$ 80,461,985
Foreign currency translation (loss) gain
(126,547)
67,475,397
-
67,348,850
Reclassification of funds and other changes
(645,000)
-
-
(645,000)
Increase in net assets
36,882,667
110,283,168
-
147,165,835
Net assets at beginning of year
529,095,350
655,539,441
(87,844)
1,184,546,947
NET ASSETS AT END OF YEAR
$565,978,017
$765,822,609
$
(87,844)
$1,331,712,782