FACULTY PRACTICE FOUNDATION INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- FACULTY PRACTICE FOUNDATION INC (EIN 04-3289381)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-11
- IRS object ID
- 201821319349303327
- Schema version
- 2016v3.0
- 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 | 2018-05-11T09:58:24-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 134008324 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRICEWATERHOUSECOOPERS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 SEAPORT BOULEVARD | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | 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 | 660 Harrison Avenue 3rd Floor | 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 | 2018-05-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIN COUTURE | PreparerPersonNm |
| PTIN | P01390592 | PTIN |
| Phone | 6175305000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | 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 | 660 HARRISON AVENUE | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02118 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $19,491,442 | 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 | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 2 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 13 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $11,932,505 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $19,491,442 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $11,932,505 | PYTotalRevenueAmt |
| CY Total Revenue | $19,491,442 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,500 | 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 | $12,130,988 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $13,202,952 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,594,939 | PYOtherExpensesAmt |
| CY Other Expenses | $11,704,882 | CYOtherExpensesAmt |
| PY Total Expenses | $19,728,427 | PYTotalExpensesAmt |
| CY Total Expenses | $24,907,834 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$7,795,922 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$5,416,392 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $77,088,276 | TotalAssetsBOYAmt |
| Total Assets EOY | $98,488,299 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $71,612,899 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $93,556,412 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,475,377 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,931,887 | 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 | $22,071,961 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $19,491,442 | RevenueAmt |
| Desc | See Schedule O. | Desc |
| Total Program Service Expenses | $22,071,961 | 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 |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| 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 With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| 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 |
| IRP Document | 249 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 2 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | 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 | 660 HARRISON AVENUE GAMBRO 3 ROOM | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02118 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 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 |
|---|---|---|---|---|---|---|---|
| AVIVA LEE-PARRITZ MD | |||||||
| Trustee (As of 2/1/17) | 4.00 | 50.00 | Yes (X) | $0 | $508,202 | $59,386 | |
| BRENDAN MAGAURAN MD | |||||||
| Trustee (As of 2/1/17) | 4.00 | 1.00 | Yes (X) | $0 | $445,325 | $102,693 | |
| BRIAN JACK MD | |||||||
| Trustee (Until 2/1/17) | 4.00 | 50.00 | Yes (X) | $0 | $406,807 | $52,344 | |
| CLAUDIO MORERA MD | |||||||
| Trustee (As of 2/1/17) | 4.00 | 0.00 | Yes (X) | $0 | $189,411 | $48,469 | |
| DANIEL REMICK MD | |||||||
| Trustee (Until 2/1/17) | 4.00 | 50.00 | Yes (X) | $0 | $615,615 | $52,641 | |
| DAVID COLEMAN MD | |||||||
| Trustee/Clerk | 4.00 | 51.00 | Yes (X) | $0 | $716,979 | $36,894 | Yes (X) |
| DAVID HENDERSON MD | |||||||
| Trustee (Until 2/1/17) | 4.00 | 50.00 | Yes (X) | $0 | $416,739 | $22,298 | |
| DAVID MCANENY MD | |||||||
| Trustee (As of 2/1/17) | 4.00 | 50.00 | Yes (X) | $0 | $456,777 | $59,140 | |
| GENE LINDSEY MD | |||||||
| Trustee (As of 2/1/17) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GERARD DOHERTY MD | |||||||
| Trst(Ut 10/1/16)/Treas(See Sch O) | 4.00 | 51.00 | Yes (X) | $0 | $836,074 | $76,635 | Yes (X) |
| JONATHAN OLSHAKER MD | |||||||
| Trustee (Until 2/1/17) | 4.00 | 50.00 | Yes (X) | $0 | $765,153 | $59,423 | |
| KAREN ANTMAN MD | |||||||
| Trustee | 2.00 | 56.00 | Yes (X) | $0 | $904,440 | $35,920 | |
| KATHLEEN WALSH | |||||||
| Trustee | 4.00 | 50.00 | Yes (X) | $0 | $1,547,808 | $182,066 | |
| KENNETH GRUNDFAST MD | |||||||
| Trustee (Until 2/1/17) | 4.00 | 50.00 | Yes (X) | $0 | $573,300 | $52,374 | |
| MARIE SAINT-HILAIRE MD | |||||||
| Trustee (Until 2/1/17) | 4.00 | 50.00 | Yes (X) | $0 | $206,746 | $53,030 | |
| MARILYN AUGUSTYN MD | |||||||
| Trustee (As of 2/1/17) | 4.00 | 0.00 | Yes (X) | $0 | $191,635 | $49,093 | |
| MONICA NOETHER PHD | |||||||
| Chair/Trustee (As of 2/1/17) | 4.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| RHODA ALANI MD | |||||||
| Trustee (Until 2/1/17) | 4.00 | 50.00 | Yes (X) | $0 | $687,272 | $35,824 | |
| ROBERT VINCI MD | |||||||
| Trst(UT 2/1/17)/Treas(See Sch O) | 4.00 | 50.00 | Yes (X) | $0 | $528,763 | $52,621 | Yes (X) |
| SCOTT DUNCAN MD | |||||||
| Trustee (Until 2/1/17) | 4.00 | 50.00 | Yes (X) | $0 | $696,278 | $9,064 | |
| SHEILA CHAPMAN MD | |||||||
| Trustee (As of 2/1/17) | 4.00 | 0.00 | Yes (X) | $0 | $200,011 | $41,548 | |
| STEPHEN CHRISTIANSEN MD | |||||||
| Trustee/Treasurer (See Sch O) | 4.00 | 50.00 | Yes (X) | $0 | $632,133 | $59,363 | Yes (X) |
| WILLIAM CREEVY MD | |||||||
| President/Trustee | 32.00 | 22.00 | Yes (X) | $0 | $1,067,108 | $59,224 | Yes (X) |
| DAVID BECK ESQ | |||||||
| Assistant Clerk | 4.00 | 55.00 | $0 | $462,589 | $64,323 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $13,055,165 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,264,373 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PARALLON | |||||
| PO BOX 60694-9800 | CHICAGO | IL | 39867 | PHYSICIAN/PBO SUPPORT SERVICES | $167,783 |
| PRICEWATERHOUSECOOPERS LLP | |||||
| PO BOX 7247-8001 | PHILADELPHIA | PA | 19170 | ACCOUNTING SERVICES | $153,486 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INSTITUTIONAL SUPPORT & OTHER REV | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $19,491,442 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,491,442 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $19,491,442 | TotalProgramServiceRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,491,442 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,491,442 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,208,883 | TotalAmt |
| Program Services | $9,085,906 | ProgramServicesAmt |
| Management And General | $1,122,977 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,994,069 | TotalAmt |
| Program Services | $2,664,721 | ProgramServicesAmt |
| Management And General | $329,348 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $411,502 | TotalAmt |
| Management And General | $411,502 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $487,181 | TotalAmt |
| Management And General | $487,181 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,375 | TotalAmt |
| Management And General | $14,375 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $464,638 | TotalAmt |
| Management And General | $464,638 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,200 | TotalAmt |
| Program Services | $47,348 | ProgramServicesAmt |
| Management And General | $5,852 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174 | TotalAmt |
| Program Services | $174 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,685 | TotalAmt |
| Program Services | $34,685 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,469,525 | TotalAmt |
| Program Services | $9,469,525 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,973 | TotalAmt |
| Program Services | $40,973 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $305,827 | TotalAmt |
| Program Services | $305,827 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| BAD DEBT EXPENSE | $259,000 | $259,000 |
| RECRUITMENT NON-MEDICAL | $152,406 | $152,406 |
| OTHER | $9,361 | $9,361 |
| TAXES/FEES/PENALTIES | $2,035 | $2,035 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,907,834 | TotalAmt |
| Program Services | $22,071,961 | ProgramServicesAmt |
| Management And General | $2,835,873 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,782,813 | BOYAmt |
| EOY | $40,596,770 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $358,575 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $338,089 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,459 | BOYAmt |
| EOY | $20,486 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,244,004 | BOYAmt |
| EOY | $57,871,043 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,088,276 | BOYAmt |
| EOY | $98,488,299 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,479,782 | BOYAmt |
| EOY | $1,305,091 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,133,117 | BOYAmt |
| EOY | $92,251,321 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,612,899 | BOYAmt |
| EOY | $93,556,412 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,475,377 | BOYAmt |
| EOY | $4,931,887 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,475,377 | BOYAmt |
| EOY | $4,931,887 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,088,276 | BOYAmt |
| EOY | $98,488,299 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$5,416,392 | ReconcilationRevenueExpnssAmt |
| Donated Services And Use Fclts | $4,872,902 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | $0 | 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 | Yes (1) | $0 | $0 |
| BOSTON MEDICAL CENTER | ||||
| 043314093 | 3 | Yes (1) | $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
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $358,575 | OtherCostOrOtherBasisAmt |
| Depreciation | $338,089 | DepreciationAmt |
| Book Value | $20,486 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $20,486 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM AFFILIATES | $9,444,558 |
| OTHER ASSETS | $71,744 |
| INSURANCE RECOVERIES RECEIV. | $48,354,741 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $57,871,043 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO AFFILIATES | $38,233,886 |
| PROFESSIONAL LIABILITY CLAIMS | $48,354,741 |
| LONG TERM PROF. LIABILTY RESERVE | $5,662,694 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $92,251,321 | 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 | THE FACULTY PRACTICE FOUNDATION, INC. ("FACULTY") AND ITS AFFILIATED FACULTY PRACTICE PLANS ("PLANS") ARE INCLUDED IN COMBINED FINANCIAL STATEMENTS. THE TEXT OF THE FIN 48 FOOTNOTE INCLUDED IN THESE COMBINED FINANCIAL STATEMENTS IS AS FOLLOWS: FACULTY AND THE PLANS HAVE BEEN DETERMINED TO BE TAX-EXEMPT ORGANIZATIONS UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AS EVIDENCED BY A DETERMINATION LETTER DATED MAY 29, 1997, AS PART OF A GROUP FILING WITH THE PLANS AND FACULTY. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. | 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 (22 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AVIVA LEE-PARRITZ MD | ||||||||||||||
| Trustee (As of 2/1/17) | $0 | $464,870 | $0 | $0 | $0 | $43,332 | $0 | $35,260 | $0 | $24,126 | $0 | $567,588 | $0 | $0 |
| BRENDAN MAGAURAN MD | ||||||||||||||
| Trustee (As of 2/1/17) | $0 | $255,913 | $0 | $0 | $0 | $189,412 | $0 | $35,260 | $0 | $67,433 | $0 | $548,018 | $0 | $0 |
| BRIAN JACK MD | ||||||||||||||
| Trustee (Until 2/1/17) | $0 | $379,971 | $0 | $0 | $0 | $26,836 | $0 | $35,260 | $0 | $17,084 | $0 | $459,151 | $0 | $0 |
| CLAUDIO MORERA MD | ||||||||||||||
| Trustee (As of 2/1/17) | $0 | $185,020 | $0 | $0 | $0 | $4,391 | $0 | $24,887 | $0 | $23,582 | $0 | $237,880 | $0 | $0 |
| DANIEL REMICK MD | ||||||||||||||
| Trustee (Until 2/1/17) | $0 | $443,109 | $0 | $0 | $0 | $172,506 | $0 | $35,260 | $0 | $17,381 | $0 | $668,256 | $0 | $0 |
| DAVID COLEMAN MD | ||||||||||||||
| Trustee/Clerk | $0 | $449,475 | $0 | $0 | $0 | $267,504 | $0 | $35,260 | $0 | $1,634 | $0 | $753,873 | $0 | $0 |
| DAVID HENDERSON MD | ||||||||||||||
| Trustee (Until 2/1/17) | $0 | $391,411 | $0 | $0 | $0 | $25,328 | $0 | $0 | $0 | $22,298 | $0 | $439,037 | $0 | $0 |
| DAVID MCANENY MD | ||||||||||||||
| Trustee (As of 2/1/17) | $0 | $278,584 | $0 | $0 | $0 | $178,193 | $0 | $35,260 | $0 | $23,880 | $0 | $515,917 | $0 | $0 |
| GERARD DOHERTY MD | ||||||||||||||
| Trst(Ut 10/1/16)/Treas(See Sch O) | $0 | $330,945 | $0 | $0 | $0 | $505,129 | $0 | $35,260 | $0 | $41,375 | $0 | $912,709 | $0 | $0 |
| JONATHAN OLSHAKER MD | ||||||||||||||
| Trustee (Until 2/1/17) | $0 | $440,750 | $0 | $0 | $0 | $324,403 | $0 | $35,260 | $0 | $24,163 | $0 | $824,576 | $0 | $0 |
| KAREN ANTMAN MD | ||||||||||||||
| Trustee | $0 | $831,650 | $0 | $0 | $0 | $72,790 | $0 | $35,260 | $0 | $660 | $0 | $940,360 | $0 | $0 |
| KATHLEEN WALSH | ||||||||||||||
| Trustee | $0 | $1,083,261 | $0 | $345,217 | $0 | $119,330 | $0 | $177,000 | $0 | $5,066 | $0 | $1,729,874 | $0 | $74,175 |
| KENNETH GRUNDFAST MD | ||||||||||||||
| Trustee (Until 2/1/17) | $0 | $442,729 | $0 | $0 | $0 | $130,571 | $0 | $35,260 | $0 | $17,114 | $0 | $625,674 | $0 | $0 |
| MARIE SAINT-HILAIRE MD | ||||||||||||||
| Trustee (Until 2/1/17) | $0 | $204,998 | $0 | $0 | $0 | $1,748 | $0 | $28,414 | $0 | $24,616 | $0 | $259,776 | $0 | $0 |
| MARILYN AUGUSTYN MD | ||||||||||||||
| Trustee (As of 2/1/17) | $0 | $187,231 | $0 | $0 | $0 | $4,404 | $0 | $25,590 | $0 | $23,503 | $0 | $240,728 | $0 | $0 |
| RHODA ALANI MD | ||||||||||||||
| Trustee (Until 2/1/17) | $0 | $449,464 | $0 | $0 | $0 | $237,808 | $0 | $35,260 | $0 | $564 | $0 | $723,096 | $0 | $0 |
| ROBERT VINCI MD | ||||||||||||||
| Trst(UT 2/1/17)/Treas(See Sch O) | $0 | $446,753 | $0 | $0 | $0 | $82,010 | $0 | $35,260 | $0 | $17,361 | $0 | $581,384 | $0 | $0 |
| SCOTT DUNCAN MD | ||||||||||||||
| Trustee (Until 2/1/17) | $0 | $444,308 | $0 | $0 | $0 | $251,970 | $0 | $0 | $0 | $9,064 | $0 | $705,342 | $0 | $0 |
| SHEILA CHAPMAN MD | ||||||||||||||
| Trustee (As of 2/1/17) | $0 | $198,626 | $0 | $0 | $0 | $1,385 | $0 | $26,505 | $0 | $15,043 | $0 | $241,559 | $0 | $0 |
| STEPHEN CHRISTIANSEN MD | ||||||||||||||
| Trustee/Treasurer (See Sch O) | $0 | $443,870 | $0 | $0 | $0 | $188,263 | $0 | $35,260 | $0 | $24,103 | $0 | $691,496 | $0 | $0 |
| WILLIAM CREEVY MD | ||||||||||||||
| President/Trustee | $0 | $258,810 | $0 | $132,978 | $0 | $675,320 | $0 | $35,260 | $0 | $23,964 | $0 | $1,126,332 | $0 | $0 |
| DAVID BECK ESQ | ||||||||||||||
| Assistant Clerk | $0 | $375,198 | $0 | $85,183 | $0 | $2,208 | $0 | $43,650 | $0 | $20,673 | $0 | $526,912 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule J, Part I, Line 3 | FormAndLineReferenceDesc |
| Explanation | THE FACULTY PRACTICE FOUNDATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE SCHEDULE J, 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. BOSTON MEDICAL CENTER MAINTAINS AN EXECUTIVE BENEFIT PLAN WHICH OFFERS PARTICIPATING EXECUTIVES THE OPTION OF ANNUALLY ALLOCATING BENEFIT DOLLARS TO A SUPPLEMENTAL RETIREMENT/PRE-TAX SAVINGS ACCOUNT. AMOUNTS VEST ON SPECIFIED DATES BASED ON CONTINUED EMPLOYMENT BUT NO LATER THAN THE EXECUTIVE'S 62ND BIRTHDAY. AMOUNTS ACCRUED IN THE PLAN ARE REPORTED IN SCHEDULE J, PART II, COLUMN C. BOSTON MEDICAL CENTER PROVIDED A SEPARATE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN TO KATHLEEN E. WALSH, PRESIDENT AND CEO AS OF MARCH 1, 2010. PURSUANT TO THE TERMS OF THE AGREEMENT, CERTAIN AMOUNTS WERE CREDITED TO THE PRESIDENT AND CEO'S ACCOUNT IN PRIOR YEARS. THESE AMOUNTS ARE SUBJECT TO FORFEITURE AND PAYMENT WILL BE MADE ONLY IF CERTAIN CONDITIONS ARE MET, AS OUTLINED IN THE AGREEMENT. FOR CALENDAR YEAR 2016 $100,233 WAS VESTED AND IS REFLECTED IN SCHEDULE J, PART II, COLUMN B(III). | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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'S BOARD ALSO SERVE AS OFFICERS AND DIRECTORS OF BOSTON MEDICAL CENTER. |
| Form 990, Part VI, Section A, line 4 | THE FACULTY PRACTICE FOUNDATION AMENDED ITS BYLAWS TO FURTHER ENSURE IT OPERATES AS A ROBUST PHYSICIAN ORGANIZATION THAT NURTURES CLINICAL, TEACHING, AND RESEARCH EXCELLENCE. THE BYLAWS WERE AMENDED TO PROVIDE FOR A WIDER VARIETY OF MEDICAL PROFESSIONALS AND INDEPENDENT TRUSTEES ON THE FOURTEEN-MEMBER BOARD OF TRUSTEES. |
| Form 990, Part VI, Section A, line 6 | THE MEMBERS OF THE ORGANIZATION ARE BOSTON UNIVERSITY AND BOSTON MEDICAL CENTER. |
| Form 990, Part VI, Section A, line 7a | IN CONNECTION WITH THE AMENDED BYLAWS, THE BOARD OF TRUSTEES INCLUDES: - THE PRESIDENTS OF THE PRACTICE PLANS FOR THE DEPARTMENT OF MEDICINE AND THE DEPARTMENT OF SURGERY, WHO SERVE EX OFFICIO; - 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; - THREE INDEPENDENT TRUSTEES; - THE PRESIDENT OF THE BOSTON MEDICAL CENTER CORPORATION MEDICAL-DENTAL STAFF, WHO SERVES EX OFFICIO; - THE FULL-TIME CEO OF THE FOUNDATION, SERVING AS THE PRESIDENT, WHO SERVES EX OFFICIO; - THE CEO OF BMC, WHO SERVES EX OFFICIO; AND - THE DEAN OF BUSM, WHO SERVES EX OFFICIO. |
| 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, 2017 WERE DISTRIBUTED ON MARCH 27, 2018 BY THE COMPLIANCE AND LEGAL DEPARTMENT. THE CHIEF COMPLIANCE OFFICER QUERIES TRUSTEES, OFFICERS, AND TRUSTEES ON AT LEAST AN ANNUAL BASIS REGARDING RELATIONSHIPS THAT MAY CREATE POTENTIAL CONFLICTS OF INTEREST. THE CHIEF COMPLIANCE OFFICER 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 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. |
| ORGANIZATION'S MISSION | FORM 990, PART I, LINE 1 AND PART III, LINE 1 THE 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. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4 THE FACULTY PRACTICE FOUNDATION, INC. IS AFFILIATED WITH THE FOLLOWING FACULTY PRACTICE PLANS ("THE PLANS"): BOSTON UNIVERSITY MEDICAL CENTER ANESTHESIOLOGISTS, INC. BOSTON EMERGENCY PHYSICIAN FOUNDATION, INC. BOSTSON UNIVERSITY CARDIAC & THORACIC SURGICAL FOUNDATION, INC. BOSTON UNIVERSITY DERMATOLOGY, INC. BOSTON UNIVERSITY DERMATOLOGY SUPPORT SERVICES I, INC. BOSTON UNIVERSITY DERMATOLOGY SUPPORT SERVICES II, INC. BOSTON UNIVERSITY SURGICAL ASSOCIATES, INC. EVANS MEDICAL FOUNDATION, INC. BOSTON UNIVERSITY EYE ASSOCIATES, INC. BOSTON UNIVERSITY FAMILY MEDICINE, INC. BOSTON UNIVERSITY MALLORY PATHOLOGY ASSOCIATES, 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 MEDICAL CENTER OTOLARYNGOLOGIC FOUNDATION, INC. CHILD HEALTH FOUNDATION OF BOSTON, INC. BOSTON UNIVERSITY PLASTIC SURGERY ASSOCIATES, INC. BOSTON UNIVERSITY PSYCHIATRY ASSOCIATES, INC. BOSTON UNIVERSITY MEDICAL CENTER RADIOLOGISTS, INC. BOSTON REHABILITATION MEDICINE ASSOCIATES, INC. BOSTON UNIVERSITY GENERAL SURGICAL ASSOCIATES, INC. BOSTON UNIVERSITY MEDICAL CENTER UROLOGISTS, INC. BOSTON UNIVERSITY RADIATION ONCOLOGY, 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 SCHOOL OF MEDICINE ("BUSM") (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. STATEMENTS REGARDING OTHER IRS FILINGS AND TAX COMPLIANCE FORM 990, PART V, LINE 2 AND PART IX, LINES 7 AND 9 THE FACULTY PRACTICE FOUNDATION HAS NO EMPLOYEES. HOWEVER, IT REIMBURSES THE TRUSTEES OF BOSTON UNIVERSITY AND BOSTON MEDICAL CENTER FOR USE OF ITS EMPLOYEES. |
| GOVERNANCE, MANAGEMENT, AND DISCLOSURE | GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI, SECTION B, LINES 15 A & B 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 THE COMPENSATION OF THE OFFICERS OF THE PRACTICE PLANS. COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORS FORM 990, PART VII, SECTION A THREE INDIVIDUALS SERVED AS TREASURER DURING THE FISCAL YEAR ENDING JUNE 30, 2017: GERARD DOHERTY, M.D. FROM 07/01/2016 TO 09/21/2016 ROBERT VINCI, M.D. FROM 09/22/2016 TO 01/31/2017 STEPHEN CHRISTIANSEN, M.D. FROM 02/01/2017 TO 06/30/2017 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| BU MEDICAL CTR ANESTHESIOLOGISTS INC | ||||||||||
| 88 EAST NEWTON STREET A2817 | BOSTON | MA | 02118 | 043276227 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BOSTON EMERGENCY PHYSICIAN FDN INC | ||||||||||
| 860 HARRISON AVENUE | BOSTON | MA | 02118 | 043286156 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BU CARDIAC & THORACIC SURGICAL FDN INC | ||||||||||
| 88 EAST NEWTON STREET | BOSTON | MA | 02118 | 042966416 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BOSTON UNIVERSITY DERMATOLOGY INC | ||||||||||
| 609 ALBANY STREET | BOSTON | MA | 02118 | 043335166 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BU DERMATOLOGY SUPPORT SERVICES I INC | ||||||||||
| 609 ALBANY STREET | BOSTON | MA | 02118 | 043452877 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BU DERMATOLOGY SUPPORT SERVICES II INC | ||||||||||
| 609 ALBANY STREET | BOSTON | MA | 02118 | 043452874 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BOSTON UNIV SURGICAL ASSOCIATES INC | ||||||||||
| 88 EAST NEWTON STREET C500 | BOSTON | MA | 02118 | 043291148 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| EVANS MEDICAL FOUNDATION INC | ||||||||||
| 88 EAST NEWTON STREET | BOSTON | MA | 02118 | 510172171 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BOSTON UNIVERSITY EYE ASSOCIATES INC | ||||||||||
| 2005 BAY STREET SUITE 201 | TAUNTON | MA | 02780 | 043137333 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BOSTON UNIVERSITY FAMILY MEDICINE INC | ||||||||||
| ONE BOSTON MED CTR DOWLING 5 S | BOSTON | MA | 02118 | 043354353 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BU MALLORY PATHOLOGY ASSOCIATES INC | ||||||||||
| 670 ALBANY STREET 3RD FLOOR | BOSTON | MA | 02118 | 042794543 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BOSTON UNIV NEUROLOGY ASSOCIATES INC | ||||||||||
| 72 EAST CONCORD STREET C3 | BOSTON | MA | 02118 | 043428462 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BU NEUROSURGICAL ASSOCIATES INC | ||||||||||
| 72 EAST CONCORD STREET C3 | BOSTON | MA | 02118 | 043296068 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BU OBSTETRICS & GYNECOLOGY FDN INC | ||||||||||
| 85 EAST CONCORD STREET 6TH FL | BOSTON | MA | 02118 | 043067465 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BU ORTHOPAEDIC SURGICAL ASSOCIATES INC | ||||||||||
| 720 HARRISON AVE DOB STE 808 | boston | MA | 02118 | 043354360 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BUMC OTOLARYNGOLOGIC FOUNDATION INC | ||||||||||
| 820 HARRISON AVE FGH BLDG 4 FL | boston | MA | 02118 | 043156471 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| CHILD HEALTH FOUNDATION OF BOSTON INC | ||||||||||
| 771 ALBANY STREET DOWLING 3 SO | BOSTON | MA | 02118 | 042472758 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BOSTON UNIV PLASTIC SURGERY ASSOC INC | ||||||||||
| 720 HARRISON AVENUE DOB 9TH FL | BOSTON | MA | 02118 | 043555478 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BOSTON UNIVERSITY PSYCHIATRY ASSOC INC | ||||||||||
| 85 EAST NEWTON ST SUITE 802 | BOSTON | MA | 02118 | 043355267 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BU MEDICAL CENTER RADIOLOGISTS INC | ||||||||||
| 820 HARRISON AVE FGH BLDG 3 FL | BOSTON | MA | 02118 | 043283573 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BOSTON REHABILITATION MEDICINE ASSOC INC | ||||||||||
| 732 HARRISON AVENUE SUITE 511 | BOSTON | MA | 02118 | 043286641 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BU GENERAL SURGICAL ASSOCIATES INC | ||||||||||
| 88 EAST NEWTON ST SUITE C500 | BOSTON | MA | 02118 | 043265008 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BU MEDICAL CENTER UROLOGISTS INC | ||||||||||
| 725 ALBANY STREET SHAPIRO 3B | BOSTON | MA | 02118 | 043286643 | healthcare | MA | 501(C)(3) | 12C III-FI | N/A | 0 |
| BOSTON MEDICAL CENTER | ||||||||||
| 88 EAST NEWTON STREET | BOSTON | MA | 02118 | 043314093 | healthcare | MA | 501(C)(3) | Line 3 | N/A | 0 |
| TRUSTEES OF BOSTON UNIVERSITY | ||||||||||
| 881 COMMONWEALTH AVENUE | BOSTON | MA | 02115 | 042103547 | education | MA | 501(C)(3) | Line 2 | N/A | 0 |
| BU RADIATION ONCOLOGY INC | ||||||||||
| 1 BOSTON MEDICAL CENTER PLACE | BOSTON | MA | 02118 | 810716773 | HEALTHCARE | MA | 501(c)(3) | 12C III-FI | 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 | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | 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 | 0 | 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 |