FACULTY PRACTICE FOUNDATION INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- FACULTY PRACTICE FOUNDATION INC (EIN 04-3289381)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-10
- IRS object ID
- 202401319349302265
- Schema version
- 2022v5.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-10T10:16:06-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 SOUTH STREET TWO FINANCIAL | AddressLine1Txt |
| Address Line2 | CENTER | AddressLine2Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043289381 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FACULTY PRACTICE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FACU | BusinessNameControlTxt |
| Phone | 6176388000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE BOSTON MEDICAL CENTER PLACE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02118 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM R CREEVY MD | PersonNm |
| Person Title | PRESIDENT/TRUSTEE | PersonTitleTxt |
| Phone | 6176388000 | PhoneNum |
| Signature | 2024-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | WILLIAM | PersonFirstNm |
| Person Last | CREEVY MD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SHYAMALEE JOSEPH | PreparerPersonNm |
| PTIN | P01085371 | PTIN |
| Phone | 6179881000 | PhoneNum |
| Preparation | 2024-05-07 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILLIAM R CREEVY MD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE BOSTON MEDICAL CENTER PLACE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02118 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $16,064,448 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 8094 | GroupExemptionNum |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BMC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1994 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 1 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $988,751 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $12,646,506 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $15,821,865 | CYProgramServiceRevenueAmt |
| PY Investment Income | $163,183 | PYInvestmentIncomeAmt |
| CY Investment Income | $242,583 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $13,798,440 | PYTotalRevenueAmt |
| CY Total Revenue | $16,064,448 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,891,360 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $21,651,867 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $17,172,657 | PYOtherExpensesAmt |
| CY Other Expenses | $8,027,922 | CYOtherExpensesAmt |
| PY Total Expenses | $35,064,017 | PYTotalExpensesAmt |
| CY Total Expenses | $29,679,789 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$21,265,577 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$13,615,341 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $97,416,333 | TotalAssetsBOYAmt |
| Total Assets EOY | $106,995,174 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $88,256,462 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $96,557,213 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $9,159,871 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $10,437,961 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $22,390,894 | ExpenseAmt |
| Revenue | $15,821,865 | RevenueAmt |
| Desc | SEE SCHEDULE O. | Desc |
| Total Program Service Expenses | $22,390,894 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 204 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CJ | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 1 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARY BETH MOLLOY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6174144030 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE BOSTON MEDICAL CENTER PLACE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02118 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| KATHLEEN WALSH | ||||||||
| TRUSTEE (UNTIL 3/23) | 4.00 | 50.00 | Yes (X) | $0 | $2,255,596 | $28,166 | ||
| ALASTAIR BELL | ||||||||
| TRUSTEE (AS OF 3/23) | 4.00 | 50.00 | Yes (X) | $0 | $1,297,429 | $29,000 | ||
| WILLIAM CREEVY MD | ||||||||
| TRUSTEE/PRESIDENT | 32.00 | 22.00 | Yes (X) | $0 | $1,158,958 | $64,195 | Yes (X) | |
| JENNIFER TSENG MD | ||||||||
| TRUSTEE/TREASURER | 4.00 | 50.00 | Yes (X) | $0 | $1,048,952 | $38,466 | Yes (X) | |
| KAREN ANTMAN MD | ||||||||
| TRUSTEE | 2.00 | 56.00 | Yes (X) | $0 | $1,011,766 | $35,869 | ||
| GREGORY GRILLONE MD | ||||||||
| TRUSTEE | 4.00 | 50.00 | Yes (X) | $0 | $776,238 | $59,068 | ||
| DAVID COLEMAN MD | ||||||||
| TRUSTEE/CLERK (UNTIL 11/22) | 4.00 | 51.00 | Yes (X) | $0 | $725,139 | $36,895 | Yes (X) | |
| AVIVA LEE-PARRITZ MD | ||||||||
| TRUSTEE (UNTIL 5/23) | 4.00 | 50.00 | Yes (X) | $0 | $646,192 | $55,815 | ||
| CHRISTIAN ARBELAEZ MD MPH | ||||||||
| TRUSTEE (AS OF 6/23) | 4.00 | 50.00 | Yes (X) | $0 | $569,213 | $18,037 | ||
| ROBERT VINCI MD | ||||||||
| TRUSTEE | 4.00 | 50.00 | Yes (X) | $0 | $589,263 | $58,566 | ||
| JACOB PIETER NOORDZIJ MD | ||||||||
| TRUSTEE | 4.00 | 50.00 | Yes (X) | $0 | $407,539 | $96,218 | ||
| ANITA CARSON | ||||||||
| TRUSTEE | 4.00 | 50.00 | Yes (X) | $0 | $365,909 | $52,811 | ||
| MANJU SUBRAMANIAN MD | ||||||||
| TRUSTEE | 4.00 | 50.00 | Yes (X) | $0 | $346,136 | $37,604 | ||
| MANISHI DESAI MD | ||||||||
| TRUSTEE | 4.00 | 50.00 | Yes (X) | $0 | $287,690 | $43,622 | ||
| ANTHONY HOLLENBERG MD | ||||||||
| TRUSTEE (AS OF 11/22) | 4.00 | 50.00 | Yes (X) | $0 | $237,740 | $2,436 | ||
| THAMARAH CREVECOEUR CNM | ||||||||
| TRUSTEE | 4.00 | 50.00 | Yes (X) | $0 | $103,391 | $24,890 | ||
| GENE LINDSEY MD | ||||||||
| TRUSTEE (UNTIL 5/23) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| MONICA NOETHER PHD | ||||||||
| TRUSTEE/CHAIR | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD SUGARMAN | ||||||||
| CLERK | 4.00 | 55.00 | $0 | $301,816 | $68,289 | Yes (X) | ||
| STEPHEN CHRISTIANSEN MD | ||||||||
| FORMER TRUSTEE/TREASURER | 4.00 | 50.00 | $0 | $714,429 | $57,750 | Yes (X) | ||
| DAVID BECK | ||||||||
| FORMER ASSISTANT CLERK | 0.00 | 55.00 | $0 | $628,000 | $52,061 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $13,471,396 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $859,758 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CHANGE HEALTHCARE LLC | |||||
| 5995 WINDWARD PARKWAY | ALPHARETTA | GA | 30005 | BILLING SERVICES | $5,838,425 |
| SULLIVAN COTTER AND ASSN INC | |||||
| 300 TRADECENTER SUITE 5690 | WOBURN | MA | 01801 | CONSULTING SERVICES | $142,332 |
| VIZIENT INC | |||||
| PO BOX 842175 | DALLAS | TX | 752842175 | CONSULTING SERVICES | $117,375 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INSTITUTIONAL SUPPORT | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $15,821,865 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,821,865 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $15,821,865 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $242,583 | TotalRevenueColumnAmt |
| Exclusion | $242,583 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,064,448 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,821,865 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $242,583 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,849,507 | TotalAmt |
| Program Services | $13,369,657 | ProgramServicesAmt |
| Management And General | $4,479,850 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,802,360 | TotalAmt |
| Program Services | $2,848,048 | ProgramServicesAmt |
| Management And General | $954,312 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,075,612 | TotalAmt |
| Program Services | $1,554,677 | ProgramServicesAmt |
| Management And General | $520,935 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,023 | TotalAmt |
| Program Services | $18,743 | ProgramServicesAmt |
| Management And General | $6,280 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $315,897 | TotalAmt |
| Program Services | $315,897 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,503 | TotalAmt |
| Program Services | $15,357 | ProgramServicesAmt |
| Management And General | $5,146 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,312 | TotalAmt |
| Program Services | $69,312 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,946 | TotalAmt |
| Program Services | $65,946 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,024 | TotalAmt |
| Program Services | $2,265 | ProgramServicesAmt |
| Management And General | $759 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,000 | TotalAmt |
| Program Services | $126,000 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CORPORATE ALLOCATIONS | $5,256,072 | $3,936,909 | $1,319,163 |
| MEDICAL & SURGICAL SUPP | $60,772 | $60,772 | |
| DUES & LICENCES | $9,761 | $7,311 | $2,450 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,679,789 | TotalAmt |
| Program Services | $22,390,894 | ProgramServicesAmt |
| Management And General | $7,288,895 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,777,475 | BOYAmt |
| EOY | $33,960,923 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $21,167 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,560 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,631 | BOYAmt |
| EOY | $13,607 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,946,041 | BOYAmt |
| EOY | $6,364,668 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,676,186 | BOYAmt |
| EOY | $66,655,976 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,416,333 | BOYAmt |
| EOY | $106,995,174 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,253,174 | BOYAmt |
| EOY | $2,951,363 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,003,288 | BOYAmt |
| EOY | $93,605,850 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,256,462 | BOYAmt |
| EOY | $96,557,213 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,159,871 | BOYAmt |
| EOY | $10,437,961 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,159,871 | BOYAmt |
| EOY | $10,437,961 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,416,333 | BOYAmt |
| EOY | $106,995,174 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$13,615,341 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $273,797 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $14,938,503 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | -$318,869 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type2 | Yes (X) | SupportingOrgType2Ind |
| Supported Organizations | 2 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (2 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| TRUSTEES OF BOSTON UNIVERSITY | ||||
| 042103547 | 2 | 0 | $0 | $0 |
| BOSTON MEDICAL CENTER | ||||
| 043314093 | 3 | 0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 2 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Majority Dir Trst Supported Org | 0 | MajorityDirTrstSupportedOrgInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART IV, SECTION C, LINE 1 | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION'S CORPORATE MEMBERS (WHICH ARE ALSO THE SUPPORTED ORGANIZATIONS) MUST APPROVE CERTAIN ACTIONS OF THE ORGANIZATION. THOSE APPROVALS BY THE CORPORATE MEMBERS, AS SET FORTH IN THE BYLAWS, INCLUDE ANY MERGER, CONSOLIDATION, LIQUIDATION OR DISSOLUTION, ANY LOAN AGREEMENT, AND ANY AGREEMENT TO ENCUMBER THE ACCOUNTS OR TANGIBLE OR INTANGIBLE ASSETS OF THE ORGANIZATION. THE MEMBERS MUST ALSO APPROVE AN INCREASE OR DECREASE IN THE NUMBER OF TRUSTEES OR OFFICERS, THE ADDITION OF NEW MEMBERS, AND THE ANNUAL OPERATING BUDGET. | ExplanationTxt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $21,167 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,560 | DepreciationAmt |
| Book Value | $13,607 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $13,607 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| INSURANCE RECOVERIES RECEIVABLE | $66,171,863 |
| OTHER ASSETS | $119,946 |
| OTHER RECEIVABLES | $364,167 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $66,655,976 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO AFFILIATES | $20,606,033 |
| PROFESSIONAL LIABILITY CLAIMS | $66,171,863 |
| LONG TERM PROFESSIONAL LIABILITY RESERVE | $6,826,255 |
| OTHER LIABILITIES | $1,699 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $93,605,850 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FACULTY PRACTICE FOUNDATION, INC. ("FACULTY") AND ITS AFFILIATED FACULTY PRACTICE PLANS ("PLANS") ARE INCLUDED IN COMBINED FINANCIAL STATEMENTS. THE TEXT OF THE UNCERTAIN TAX POSITIONS FOOTNOTE INCLUDED IN THESE FINANCIAL STATEMENTS IS AS FOLLOWS: THE HEALTH SYSTEM CORPORATION, THE MEDICAL CENTER, WELLSENSE, UDF, ECMF, BUAP, FACULTY AND THE PLANS, BACO, BMCICS, AND BMCIC OF VERMONT ARE ALL NONPROFIT CORPORATIONS THAT HAVE BEEN RECOGNIZED AS TAX-EXEMPT PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BMCHS RECOGNIZES INCOME TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINABLE BASED ON THE MERITS OF THE POSITION. MANAGEMENT HAS CONCLUDED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT NEED TO BE RECORDED AS OF SEPTEMBER 30, 2023 AND 2022. BMCHS ANNUALLY ASSESSES WHETHER IT MUST RECOGNIZE UBIT EXPENSE. THE AMOUNTS RECOGNIZED AS UBIT EXPENSE WERE NOT MATERIAL TO BMCHS'S CONSOLIDATED OPERATIONS OR CHANGES IN NET ASSETS FOR THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KATHLEEN WALSH | ||||||||||||||
| TRUSTEE (UNTIL 3/23) | $0 | $1,403,783 | $0 | $566,720 | $0 | $285,093 | $0 | $21,350 | $0 | $6,816 | $0 | $2,283,762 | $0 | $0 |
| ALASTAIR BELL | ||||||||||||||
| TRUSTEE (AS OF 3/23) | $0 | $907,901 | $0 | $301,070 | $0 | $88,458 | $0 | $20,881 | $0 | $8,119 | $0 | $1,326,429 | $0 | $71,000 |
| WILLIAM CREEVY MD | ||||||||||||||
| TRUSTEE/PRESIDENT | $0 | $956,421 | $0 | $195,298 | $0 | $7,239 | $0 | $35,306 | $0 | $28,889 | $0 | $1,223,153 | $0 | $0 |
| JENNIFER TSENG MD | ||||||||||||||
| TRUSTEE/TREASURER | $0 | $1,046,318 | $0 | $0 | $0 | $2,634 | $0 | $35,306 | $0 | $3,160 | $0 | $1,087,418 | $0 | $0 |
| KAREN ANTMAN MD | ||||||||||||||
| TRUSTEE | $0 | $1,001,850 | $0 | $0 | $0 | $9,916 | $0 | $35,306 | $0 | $563 | $0 | $1,047,635 | $0 | $0 |
| GREGORY GRILLONE MD | ||||||||||||||
| TRUSTEE | $0 | $769,298 | $0 | $0 | $0 | $6,940 | $0 | $35,306 | $0 | $23,762 | $0 | $835,306 | $0 | $0 |
| STEPHEN CHRISTIANSEN MD | ||||||||||||||
| FORMER TRUSTEE/TREASURER | $0 | $708,085 | $0 | $0 | $0 | $6,344 | $0 | $35,306 | $0 | $22,444 | $0 | $772,179 | $0 | $0 |
| DAVID COLEMAN MD | ||||||||||||||
| TRUSTEE/CLERK (UNTIL 11/22) | $0 | $718,490 | $0 | $0 | $0 | $6,649 | $0 | $35,306 | $0 | $1,589 | $0 | $762,034 | $0 | $0 |
| AVIVA LEE-PARRITZ MD | ||||||||||||||
| TRUSTEE (UNTIL 5/23) | $0 | $638,425 | $0 | $0 | $0 | $7,767 | $0 | $35,306 | $0 | $20,509 | $0 | $702,007 | $0 | $0 |
| DAVID BECK | ||||||||||||||
| FORMER ASSISTANT CLERK | $0 | $458,767 | $0 | $113,850 | $0 | $55,383 | $0 | $21,350 | $0 | $30,711 | $0 | $680,061 | $0 | $0 |
| ROBERT VINCI MD | ||||||||||||||
| TRUSTEE | $0 | $584,151 | $0 | $0 | $0 | $5,112 | $0 | $35,306 | $0 | $23,260 | $0 | $647,829 | $0 | $0 |
| CHRISTIAN ARBELAEZ MD MPH | ||||||||||||||
| TRUSTEE (AS OF 6/23) | $0 | $545,411 | $0 | $0 | $0 | $23,802 | $0 | $0 | $0 | $18,037 | $0 | $587,250 | $0 | $0 |
| JACOB PIETER NOORDZIJ MD | ||||||||||||||
| TRUSTEE | $0 | $392,717 | $0 | $9,716 | $0 | $5,106 | $0 | $35,306 | $0 | $60,912 | $0 | $503,757 | $0 | $0 |
| ANITA CARSON | ||||||||||||||
| TRUSTEE | $0 | $365,298 | $0 | $0 | $0 | $611 | $0 | $35,306 | $0 | $17,505 | $0 | $418,720 | $0 | $0 |
| MANJU SUBRAMANIAN MD | ||||||||||||||
| TRUSTEE | $0 | $343,713 | $0 | $1,883 | $0 | $540 | $0 | $32,256 | $0 | $5,348 | $0 | $383,740 | $0 | $0 |
| RICHARD SUGARMAN | ||||||||||||||
| CLERK | $0 | $257,706 | $0 | $41,460 | $0 | $2,650 | $0 | $17,952 | $0 | $50,337 | $0 | $370,105 | $0 | $0 |
| MANISHI DESAI MD | ||||||||||||||
| TRUSTEE | $0 | $285,375 | $0 | $1,883 | $0 | $432 | $0 | $30,606 | $0 | $13,016 | $0 | $331,312 | $0 | $0 |
| ANTHONY HOLLENBERG MD | ||||||||||||||
| TRUSTEE (AS OF 11/22) | $0 | $118,734 | $0 | $112,000 | $0 | $7,006 | $0 | $0 | $0 | $2,436 | $0 | $240,176 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 4B | BOSTON MEDICAL CENTER PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN TO CERTAIN EXECUTIVES. AMOUNTS ARE CREDITED TO PARTICIPANTS' ACCOUNTS EACH YEAR. PLAN AMOUNTS ARE SUBJECT TO FORFEITURE AND PAYMENT ONLY IF CERTAIN CONDITIONS ARE MET, AS OUTLINED IN THE PLAN AGREEMENT. AMOUNTS VEST ON SPECIFIED DATES BASED ON CONTINUED EMPLOYEMENT BUT NO LATER THAN THE EXECUTIVE'S SIXTY-SECOND BIRTHDAY. AMOUNTS ACCRUED IN THE PLAN ARE REPORTED IN SCHEDULE J, PART II, COLUMN (C). FOR ALASTAIR BELL, $88,458 WAS CONTRIBUTED IN 2019 AND BECAME VESTED AND WAS PAID IN 2022. THIS AMOUNT IS REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III). BOSTON MEDICAL CENTER PROVIDED A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN TO DAVID BECK AND KATHLEEN WALSH. BOTH EXECUTIVES HAVE REACHED THE PLAN RETIREMENT AGE AND HAVE VESTED 100% IN THE PLAN. IN ADDITION, PURSUANT TO THE TERMS OF THE PLAN, ONCE THE PLAN PARTICIPANT REACHES THE PLAN RETIREMENT AGE, ALL FUTURE CONTRIBUTIONS ARE MADE IN CASH. ACCORDINGLY, 2022 CONTRIBUTIONS OF $53,400 AND $277,500 WERE PAID DIRECTLY TO DAVID BECK AND KATHLEEN WALSH, RESPECTIVELY, IN 2022. THESE AMOUNTS ARE REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III). |
| PART I, LINE 3: | FACULTY PRACTICE FOUNDATION'S RELATED ORGANIZATIONS USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1, AND PART III, LINE 1 | FACULTY PRACTICE FOUNDATION, INC.'S ("THE FOUNDATION") PRIMARY MISSION IS TO IMPROVE THE HEALTH OF ALL, BY LEADING THROUGH INNOVATION AND COLLABORATION IN PATIENT CARE, EDUCATION, AND RESEARCH; AND TO PROMOTE THE PROFESSIONAL AND PERSONAL WELL-BEING OF ITS PHYSICIANS AND OTHER PROVIDERS. THE FOUNDATION FACILITATES THE EFFICIENT AND EFFECTIVE PROVISION OF MEDICAL SERVICES TO THE COMMUNITY THROUGH THE FACULTY PRACTICE PLANS. |
| FORM 990, PART III, LINE 4A | FACULTY PRACTICE FOUNDATION, INC. IS AFFILIATED WITH THE FOLLOWING FACULTY PRACTICE PLANS ("THE PLANS") AND FACILITATES THE EFFICIENT AND EFFECTIVE PROVISION OF MEDICAL SERVICES TO THE COMMUNITY THROUGH THE PLANS: BOSTON EMERGENCY PHYSICIAN FOUNDATION, INC. BOSTON REHABILITATION MEDICINE ASSOCIATES, INC. BOSTON UNIVERSITY CARDIAC & THORACIC SURGICAL FOUNDATION, INC. BOSTON UNIVERSITY DERMATOLOGY SUPPORT SERVICES I, INC. BOSTON UNIVERSITY DERMATOLOGY SUPPORT SERVICES II, INC. BOSTON UNIVERSITY DERMATOLOGY, INC. BOSTON UNIVERSITY EYE ASSOCIATES, INC. BOSTON UNIVERSITY FAMILY MEDICINE, INC. BOSTON UNIVERSITY GENERAL SURGICAL ASSOCIATES, INC. BOSTON UNIVERSITY MALLORY PATHOLOGY ASSOCIATES, INC. BOSTON UNIVERSITY MEDICAL CENTER ANESTHESIOLOGISTS, INC. BOSTON UNIVERSITY MEDICAL CENTER OTOLARYNGOLOGIC FOUNDATION, INC. BOSTON UNIVERSITY MEDICAL CENTER RADIOLOGISTS, INC. BOSTON UNIVERSITY MEDICAL CENTER UROLOGISTS, INC. BOSTON UNIVERSITY NEUROLOGY ASSOCIATES, INC. BOSTON UNIVERSITY NEUROSURGICAL ASSOCIATES, INC. BOSTON UNIVERSITY OBSTETRICS & GYNECOLOGY FOUNDATION, INC. BOSTON UNIVERSITY ORTHOPAEDIC SURGICAL ASSOCIATES, INC. BOSTON UNIVERSITY PLASTIC SURGERY ASSOCIATES, INC. BOSTON UNIVERSITY PSYCHIATRY ASSOCIATES, INC. BOSTON UNIVERSITY RADIATION ONCOLOGY, INC. BOSTON UNIVERSITY SURGICAL ASSOCIATES, INC. CHILD HEALTH FOUNDATION OF BOSTON, INC. EVANS MEDICAL FOUNDATION, INC. THE FOUNDATION, INCORPORATED ON OCTOBER 18, 1994, IS A TAX-EXEMPT, NON-PROFIT MASSACHUSETTS CORPORATION OPERATED EXCLUSIVELY FOR CLINICAL, CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES. THE PLANS, ALSO TAX-EXEMPT, NON-PROFIT CORPORATIONS, WERE ESTABLISHED TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF BMC AND BOSTON UNIVERSITY CHOBANIAN & AVEDISIAN SCHOOL OF MEDICINE ("CHOBANIAN & AVEDISIAN SCHOOL") (COLLECTIVELY, THE "INSTITUTIONS"). THE FOUNDATION IS GRANTED THE POWER TO APPROVE THE PLANS' ANNUAL OPERATING BUDGETS, PHYSICIAN COMPENSATION PLANS, AND MANAGED CARE CONTRACTS. THE PLANS' PURPOSE IS TO PROVIDE, COORDINATE, AND FACILITATE THE DELIVERY OF PATIENT CARE SERVICES AND TO PROMOTE THE DEVELOPMENT OF AN INTEGRATED SYSTEM OF DELIVERY TO MORE EFFICIENTLY AND EFFECTIVELY MEET THE HEALTH CARE NEEDS OF THE COMMUNITIES SERVED BY THE INSTITUTIONS. |
| FORM 990, PART V, LINE 2 & PART IX, LINES 7 AND 9 | FACULTY PRACTICE FOUNDATION HAS NO EMPLOYEES. HOWEVER, IT REIMBURSES THE TRUSTEES OF BOSTON UNIVERSITY AND BOSTON MEDICAL CENTER FOR USE OF ITS EMPLOYEES. |
| FORM 990, PART VI, SECTION A, LINE 2 | ALL OFFICERS AND TRUSTEES EXCEPT GENE LINDSEY AND MONICA NOETHER ARE EMPLOYEES OF EITHER BOSTON UNIVERSITY, BOSTON MEDICAL CENTER, OR THE FACULTY PRACTICE PLAN CORPORATIONS, RELATED ORGANIZATIONS. CERTAIN OFFICERS AND TRUSTEES OF THE FOUNDATION ALSO SERVE AS OFFICERS AND TRUSTEES OF BOSTON MEDICAL CENTER. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERS OF THE ORGANIZATION ARE TRUSTEES OF BOSTON UNIVERSITY AND BOSTON MEDICAL CENTER. |
| FORM 990, PART VI, SECTION A, LINE 7A | AS OUTLINED IN THE BYLAWS, THE BOARD OF TRUSTEES INCLUDES: - THE PRESIDENTS OF THE PRACTICE PLANS FOR THE DEPARTMENT OF MEDICINE AND THE DEPARTMENT OF SURGERY; - TWO TRUSTEES SELECTED FROM THE PRESIDENTS OF THE OTHER PRACTICE PLANS; - THREE TRUSTEES WHO ARE EACH MEDICAL PROFESSIONALS EMPLOYED BY ONE OF THE PRACTICE PLANS (AT LEAST ONE OF WHOM IS AN ADVANCED PRACTICE PROVIDER); - THREE INDEPENDENT TRUSTEES; - THE PRESIDENT OF THE BOSTON MEDICAL CENTER CORPORATION MEDICAL-DENTAL STAFF; - THE FULL-TIME CEO OF THE FOUNDATION, SERVING AS THE PRESIDENT; - THE CEO OF BMC; AND - THE DEAN OF CHOBANIAN & AVEDISIAN SCHOOL. |
| FORM 990, PART VI, SECTION A, LINE 7B | CERTAIN ACTIONS MUST BE APPROVED BY THE MEMBERS, AS SET FORTH IN THE BYLAWS, INCLUDING ANY MERGER, CONSOLIDATION, LIQUIDATION OR DISSOLUTION, ANY LOAN AGREEMENT, AND ANY AGREEMENT TO ENCUMBER THE ACCOUNTS OR TANGIBLE OR INTANGIBLE ASSETS OF THE ORGANIZATION. THE MEMBERS MUST ALSO APPROVE AN INCREASE OR DECREASE IN THE NUMBER OF TRUSTEES OR OFFICERS, THE ADDITION OF NEW MEMBERS, AND THE ANNUAL OPERATING BUDGET. |
| FORM 990, PART VI, SECTION B, LINE 11B | PRIOR TO THE FILING OF THE FORM 990 WITH THE IRS, THE FORM 990 WAS PREPARED BY OUR OUTSIDE TAX CONSULTANTS AND REVIEWED BY INTERNAL MANAGEMENT. THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOSTON MEDICAL CENTER BOARD OF TRUSTEES THEN REVIEWED THE RETURN. EACH MEMBER OF THE FACULTY PRACTICE FOUNDATION BOARD WAS PROVIDED A COPY OF THE FINAL FORM 990 PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST QUESTIONNAIRES FOR THE FISCAL YEAR ENDING JUNE 30, 2023 WERE DISTRIBUTED BY THE COMPLIANCE DEPARTMENT. THE CHIEF COMPLIANCE OFFICER OR HIS DESIGNEE QUERIES TRUSTEES, OFFICERS, AND DIRECTORS ON AT LEAST AN ANNUAL BASIS REGARDING RELATIONSHIPS THAT MAY CREATE POTENTIAL CONFLICTS OF INTEREST. THE CHIEF COMPLIANCE OFFICER OR HIS DESIGNEE REVIEWS ALL DISCLOSURES AND DETERMINES WHETHER THERE ARE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE CHIEF COMPLIANCE OFFICER ADVISES THE BOARD OF TRUSTEES AND OFFICERS OF THE CORPORATION ACCORDINGLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | NO OFFICERS OR KEY EMPLOYEES (THERE ARE NO KEY EMPLOYEES) ARE COMPENSATED BY THE FOUNDATION. HOWEVER, THE FOUNDATION DOES HAVE A COMPENSATION COMMITTEE FOR PURPOSES OF REVIEWING LEVELS OF COMPENSATION AND COMPENSATION PLANS FOR THE PRACTICE PLANS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE. |
| FORM 990, PART XI, LINE 9: | NET ASSET TRANSFER TO AFFILIATES -318,869. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (26 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| BOSTON EMERGENCY PHYSICIAN FOUNDATION INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043286156 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON REHABILITATION MEDICINE ASSOCIATES INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043286641 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BU CARDIAC & THORACIC SURGICAL FOUNDATION INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 042966416 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY DERMATOLOGY SUPPORT SERVICES I INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043452877 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY DERMATOLOGY SUPPORT SERVICES II INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043452874 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY DERMATOLOGY INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043335166 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY EYE ASSOCIATES INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043137333 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY FAMILY MEDICINE INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043354353 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY GENERAL SURGICAL ASSOCIATES INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043265008 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY MALLORY PATHOLOGY ASSOCIATES INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 042794543 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BU MEDICAL CENTER ANESTHESIOLOGISTS INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043276227 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BUMC OTOLARYNGOLOGIC FOUNDATION INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043156471 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY MEDICAL CENTER RADIOLOGISTS INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043283573 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERISTY MEDICAL CENTER UROLOGISTS INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043286643 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY NEUROLOGY ASSOCIATES INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043428462 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY NEUROSURGICAL ASSOCIATES INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043296068 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY OBSTETRICS & GYNECOLOGY FDN INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043067465 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSOTN UNIVERSITY ORTHOPAEDIC SURGICAL ASSOCIATES INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043354360 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY PLASTIC SURGERY ASSOCIATES INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043555478 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY PSYCHIATRY ASSOCIATES INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043355267 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY RADIATION ONCOLOGY INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 810716773 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| BOSTON UNIVERSITY SURGICAL ASSOCIATES INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043291148 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| CHILD HEALTH FOUNDATION OF BOSTON INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 042472758 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| EVANS MEDICAL FOUNDATION INC | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 510172171 | HEALTHCARE | MA | 501(C)(3) | LINE 12C, III-FI | N/A | 0 |
| TRUSTEES OF BOSTON UNIVERSITY | ||||||||||
| 881 COMMONWEALTH AVENUE | BOSTON | MA | 02115 | 042103547 | EDUCATION | MA | 501(C)(3) | LINE 2 | N/A | 0 |
| BOSTON MEDICAL CENTER | ||||||||||
| ONE BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 043314093 | HEALTHCARE | MA | 501(C)(3) | LINE 3 | N/A | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |