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FACULTY PRACTICE FOUNDATION INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
FACULTY PRACTICE FOUNDATION INC (EIN 04-3289381)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-05-10
IRS object ID
201721309349303777
Schema version
2015v3.0
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

FieldValueIRS element (for citing)
Return2017-05-10T18:37:34-05:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PricewaterhouseCoopers LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1101 SEAPORT BOULEVARDAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02210ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043289381EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Faculty Practice Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% MARY BETH MOLLOYInCareOfNm
Business Name ControlFACUBusinessNameControlTxt
Phone6176388000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1660 Harrison Avenue 3rd FloorAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02118ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM R CREEVY MDPersonNm
Person TitlePRESIDENT/DIRECTORPersonTitleTxt
Phone6176388000PhoneNum
Signature2017-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIN COUTUREPreparerPersonNm
PTINP01390592PTIN
Phone6175305000PhoneNum
Preparation2017-05-05PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWILLIAM R CREEVY MDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1660 HARRISON AVENUEAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02118ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$11,932,505GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Group Exemption8094GroupExemptionNum
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BMC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1994FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionSEE SCHEDULE O.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$9,973,915PYProgramServiceRevenueAmt
CY Program Service Revenue$11,932,505CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$9,973,915PYTotalRevenueAmt
CY Total Revenue$11,932,505CYTotalRevenueAmt
PY Grants And Similar Paid$3,750PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,500CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$10,557,067PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$12,130,988CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$11,621,667PYOtherExpensesAmt
CY Other Expenses$7,594,939CYOtherExpensesAmt
PY Total Expenses$22,182,484PYTotalExpensesAmt
CY Total Expenses$19,728,427CYTotalExpensesAmt
PY Revenues Less Expenses-$12,208,569PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$7,795,922CYRevenuesLessExpensesAmt
Total Assets BOY$83,715,716TotalAssetsBOYAmt
Total Assets EOY$77,088,276TotalAssetsEOYAmt
Total Liabilities BOY$74,871,099TotalLiabilitiesBOYAmt
Total Liabilities EOY$71,612,899TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,844,617NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,475,377NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE O.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$16,550,939ExpenseAmt
Grant$2,500GrantAmt
Revenue$11,932,505RevenueAmt
DescSee Schedule O.Desc
Total Program Service Expenses$16,550,939TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document258IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryCJForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersYes (true)LocalChaptersInd
Policies Reference ChaptersYes (true)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMARY BETH MOLLOYPersonNm
Phone6174144030PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1660 HARRISON AVENUE GAMBRO 3 ROOMAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02118ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
ALEXANDER NORBASH MD
DIRECTOR (Until 9/29/2015)4.050.0Yes (X)$0$458,428$55,505
Brian Jack MD
DIRECTOR4.051.0Yes (X)$0$357,545$54,335
Carlos S Kase MD
Director (Until 6/9/16)4.050.0Yes (X)$0$400,510$56,900
Daniel Remick MD
DIRECTOR4.050.0Yes (X)$0$569,463$54,341
DAVID COLEMAN MD
CLERK/DIRECTOR4.052.0Yes (X)$0$662,243$37,572Yes (X)
DAVID HENDERSON MD
DIRECTOR (AS OF 11/16/15)4.050.0Yes (X)$0$47,756$4,125
Gerard Doherty MD
TREASURER/DIRECTOR4.050.0Yes (X)$0$984,333$106,683Yes (X)
James Holsapple MD
DIRECTOR4.050.0Yes (X)$0$678,991$54,661
JOANNA BUCZEK MD
DIRECTOR (UNTIL 11/16/15)4.050.0Yes (X)$0$355,684$55,705
Jonathan Olshaker MD
Director4.051.0Yes (X)$0$621,692$62,234
Karen H Antman MD
DIRECTOR2.056.0Yes (X)$0$801,054$35,937
KATHLEEN WALSH
DIRECTOR4.050.0Yes (X)$0$1,410,618$97,132
KENNETH GRUNDFAST MD
DIRECTOR4.050.0Yes (X)$0$485,646$54,358
MARIE SAINT-HILAIRE MD
DIRECTOR (AS OF 6/9/16)4.050.0Yes (X)$0$179,124$51,391
Richard Babayan MD
DIRECTOR4.050.0Yes (X)$0$633,479$54,544
Robert Vinci MD
TREASURER/DIRECTOR4.051.0Yes (X)$0$460,159$54,651Yes (X)
Scott Duncan MD
Director4.050.0Yes (X)$0$692,500$10,034
William R Creevy MD
PRESIDENT/DIRECTOR32.023.0Yes (X)$0$1,047,209$61,998Yes (X)
David Beck ESQ
ASSISTANT CLERK4.056.5$0$457,312$64,425Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$11,303,746TotReportableCompRltdOrgAmt
Total Other Compensation$1,026,531TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ACCENTURE LLP
161 N CLARK STCHICAGOIL60601CONSULTING SVCS$684,786
PRICEWATERHOUSECOOPERS LLP
PO BOX 7247-8001PHILADELPHIAPA19170ACCOUNTING SERVICES$239,104
HART ASSOCIATES INC
3 ALLIED DRIVE - SUITE 312DEDHAMMA02026CONSULTING SERVICES$203,753
PARALLON
PO BOX 60694-9800CHICAGOIL39867PHYSICAN/PBO SUPPORT$202,166
SULLIVAN COTTER AND ASSN INC
272 COLLECTIONS CENTER DRIVECHICAGOIL606930622CONSULTING SERVICES$170,672
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K6CntrctRcvdGreaterThan100KCnt
Total Contributions$0TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescINSTITUTIONAL SUPPORT & OTHER REVENUEDesc
Business900099BusinessCd
Total Revenue Column$11,932,505TotalRevenueColumnAmt
Related Or Exempt Func Income$11,932,505RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$11,932,505TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,932,505TotalRevenueColumnAmt
Related Or Exempt Func Income$11,932,505RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,500TotalAmt
Program Services$2,500ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$9,352,410TotalAmt
Program Services$8,323,645ProgramServicesAmt
Management And General$1,028,765ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,778,578TotalAmt
Program Services$2,472,934ProgramServicesAmt
Management And General$305,644ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$827,104TotalAmt
Management And General$827,104ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$486,316TotalAmt
Management And General$486,316ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$37,625TotalAmt
Management And General$37,625ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$527,918TotalAmt
Program Services$40,008ProgramServicesAmt
Management And General$487,910ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$37,490TotalAmt
Program Services$33,366ProgramServicesAmt
Management And General$4,124ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$269TotalAmt
Program Services$269ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$46,806TotalAmt
Program Services$46,806ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$4,985,243TotalAmt
Program Services$4,985,243ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$40,973TotalAmt
Program Services$40,973ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$490,058TotalAmt
Program Services$490,058ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
RECRUITMENT NON-MEDICAL STAFF$89,565$89,565
TAXES, FEES, & PENALTIES$535$535
OTHER$25,037$25,037

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$19,728,427TotalAmt
Program Services$16,550,939ProgramServicesAmt
Management And General$3,177,488ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$28,218,174BOYAmt
EOY$28,782,813EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$358,575LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$297,116LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$102,432BOYAmt
EOY$61,459EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$55,395,110BOYAmt
EOY$48,244,004EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$83,715,716BOYAmt
EOY$77,088,276EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$6,307,439BOYAmt
EOY$1,479,782EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$68,563,660BOYAmt
EOY$70,133,117EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$74,871,099BOYAmt
EOY$71,612,899EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,844,617BOYAmt
EOY$5,475,377EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,844,617BOYAmt
EOY$5,475,377EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$83,715,716BOYAmt
EOY$77,088,276EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$7,795,922ReconcilationRevenueExpnssAmt
Donated Services And Use Fclts$4,426,682DonatedServicesAndUseFcltsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type2Yes (X)SupportingOrgType2Ind
Supported Organizations2SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (2 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
TRUSTEES OF BOSTON UNIVERSITY
0421035472Yes (true)$0$0
BOSTON MEDICAL CENTER
0433140933Yes (true)$0$0
FieldValueIRS element (for citing)
Supported Organizations Total2SupportedOrganizationsTotalCnt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (true)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationfalseSuprtOrgNoIRSDeterminationInd
Supported Org Section C456falseSupportedOrgSectionC456Ind
Supported Org Not Organized USfalseSupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgfalseOrganizationChangeSuprtOrgInd
Support Non Supported OrgfalseSupportNonSupportedOrgInd
Payment Substantial ContribtrfalsePaymentSubstantialContribtrInd
Loan Disqualified PersonfalseLoanDisqualifiedPersonInd
Controlled Disqualified PrsnfalseControlledDisqualifiedPrsnInd
Disqualified Prsn Controll IntfalseDisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr IntfalseDisqualifiedPrsnOwnrIntInd
Excess Business Holdings RulesfalseExcessBusinessHoldingsRulesInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd
FieldValueIRS element (for citing)
Majority Dir Trst Supported OrgfalseMajorityDirTrstSupportedOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART IV, SECTION C, LINE 1FormAndLineReferenceDesc
ExplanationTHE ORGANIZATIONS 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 DIRECTORS OR OFFICERS, THE ADDITION OF NEW MEMBERS, AND THE ANNUAL OPERATING BUDGET.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
CY Minus3 Yr Endwmt FundCYMinus3YrEndwmtFundGrp
CY Minus4 Yr Endwmt FundCYMinus4YrEndwmtFundGrp
LandLandGrp
BuildingsBuildingsGrp
Leasehold ImprovementsLeaseholdImprovementsGrp
EquipmentEquipmentGrp

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$358,575OtherCostOrOtherBasisAmt
Depreciation$297,116DepreciationAmt
Book Value$61,459BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$61,459TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
DUE FROM AFFILIATES$4,569,082
OTHER ASSETS$102,719
INSURANCE RECOVERIES RECEIV.$43,572,203
FieldValueIRS element (for citing)
Total Book Value Other Assets$48,244,004TotalBookValueOtherAssetsAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
DUE TO AFFILIATES$21,182,692
PROFESSIONAL LIABILITY CLAIMS$43,572,203
LONG TERM PROF. LIABILTY RESERVE$5,378,222
FieldValueIRS element (for citing)
Total Liability$70,133,117TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PART X, LINE 2FormAndLineReferenceDesc
ExplanationTHE 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

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (18 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ALEXANDER NORBASH MD
DIRECTOR (Until 9/29/2015)$0$306,280$0$0$0$152,148$0$35,255$0$20,250$0$513,933$0$0
Brian Jack MD
DIRECTOR$0$345,165$0$0$0$12,380$0$35,255$0$19,080$0$411,880$0$0
Carlos S Kase MD
Director (Until 6/9/16)$0$379,115$0$0$0$21,395$0$35,255$0$21,645$0$457,410$0$0
Daniel Remick MD
DIRECTOR$0$439,282$0$0$0$130,181$0$35,255$0$19,086$0$623,804$0$0
David Beck ESQ
ASSISTANT CLERK$0$375,145$0$77,781$0$4,386$0$43,250$0$21,175$0$521,737$0$1,333
DAVID COLEMAN MD
CLERK/DIRECTOR$0$449,282$0$0$0$212,961$0$35,255$0$2,317$0$699,815$0$0
Gerard Doherty MD
TREASURER/DIRECTOR$0$438,369$0$0$0$545,964$0$35,255$0$71,428$0$1,091,016$0$0
James Holsapple MD
DIRECTOR$0$443,574$0$0$0$235,417$0$35,255$0$19,406$0$733,652$0$0
JOANNA BUCZEK MD
DIRECTOR (UNTIL 11/16/15)$0$248,305$0$0$0$107,379$0$29,355$0$26,350$0$411,389$0$0
Jonathan Olshaker MD
Director$0$437,919$0$0$0$183,773$0$35,255$0$26,979$0$683,926$0$0
Karen H Antman MD
DIRECTOR$0$731,500$0$0$0$69,554$0$35,255$0$682$0$836,991$0$0
KATHLEEN WALSH
DIRECTOR$0$1,012,006$0$286,563$0$112,049$0$91,925$5,207$0$1,507,750$0$50,875
KENNETH GRUNDFAST MD
DIRECTOR$0$424,438$0$0$0$61,208$0$35,255$0$19,103$0$540,004$0$0
MARIE SAINT-HILAIRE MD
DIRECTOR (AS OF 6/9/16)$0$176,907$0$0$0$2,217$0$24,825$0$26,566$0$230,515$0$0
Richard Babayan MD
DIRECTOR$0$437,490$0$0$0$195,989$0$35,255$0$19,289$0$688,023$0$0
Robert Vinci MD
TREASURER/DIRECTOR$0$432,764$0$0$0$27,395$0$35,255$0$19,396$0$514,810$0$0
Scott Duncan MD
Director$0$441,780$0$0$0$250,720$0$0$0$10,034$0$702,534$0$0
William R Creevy MD
PRESIDENT/DIRECTOR$0$254,539$0$123,761$0$668,909$0$35,255$0$26,743$0$1,109,207$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule J, Part I, Line 3FormAndLineReferenceDesc
ExplanationTHE 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. THE FOLLOWING AMOUNTS BECAME VESTED AND WERE PAID TO THE FOLLOWING INDIVIDUALS IN CALENDAR YEAR 2015: DAVID BECK - $1,608 KATHLEEN WALSH - $55,794 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 2015 $48,477 WAS VESTED AND IS REFLECTED IN SCHEDULE J, PART II, COLUMN B(III).ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceORGANIZATION'S MISSIONFormAndLineReferenceDesc
ExplanationFORM 990, PART I, LINE 1 AND PART III, LINE 1 THE FACULTY PRACTICE FOUNDATION, INC'S ("THE FOUNDATION") PRIMARY MISSION IS TO COORDINATE AND FACILITATE THE DELIVERY OF MANAGED CARE SERVICES AND PROMOTE THE DEVELOPMENT OF AN INTEGRATED SYSTEM OF DELIVERY TO MORE EFFICIENTLY AND MORE EFFECTIVELY MEET THE HEALTH CARE NEEDS OF THE COMMUNITY SERVED. 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. BOSTON 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 FACULTY PRACTICE FOUNDATION WAS INCORPORATED ON OCTOBER 18, 1994 UNDER THE PROVISIONS OF GENERAL LAWS, CHAPTER 180, OF THE COMMONWEALTH OF MASSACHUSETTS AS A NONPROFIT ORGANIZATION OPERATED EXCLUSIVELY FOR CLINICAL, CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES. THE FACULTY PRACTICE PLANS WERE ESTABLISHED AS NON-PROFIT FACULTY PRACTICE PLAN CORPORATIONS OPERATED EXCLUSIVELY FOR THE BENEFIT OF BOSTON MEDICAL CENTER HOSPITAL ("BMC"), AND BOSTON UNIVERSITY SCHOOL OF MEDICINE ("BUSM") (COLLECTIVELY, THE "INSTITUTIONS"). THE FOUNDATION IS GRANTED THE POWER TO APPROVE THE PLANS' ANNUAL OPERATING BUDGETS AND APPROVE MANAGED CARE AGREEMENTS ENTERED INTO BY THE PLANS AND TO PROMOTE THE DEVELOPMENT OF AN INTEGRATED SYSTEM OF DELIVERY TO MORE EFFICIENTLY AND EFFECTIVELY MEET 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 FORM 990, PART VI, SECTION A, LINES 1A and 2 ALL OFFICERS AND DIRECTORS ARE EMPLOYEES OF EITHER BOSTON UNIVERSITY, BOSTON MEDICAL CENTER, OR THE FACULTY PRACTICE PLAN CORPORATIONS, RELATED ORGANIZATIONS. CERTAIN OFFICERS AND DIRECTORS OF THE FOUNDATION'S BOARD ALSO SERVE AS OFFICERS AND DIRECTORS OF BOSTON MEDICAL CENTER. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION ARE BOSTON UNIVERSITY AND BOSTON MEDICAL CENTER. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI, SECTION A, LINE 7A THE INITIAL BOARD OF DIRECTORS OF FACULTY PRACTICE FOUNDATION INCLUDED: - TWO DIRECTORS INITIALLY ELECTED BY A MAJORITY VOTE OF THE PRESIDENTS OF ALL OF THE PRACTICE PLANS AND WHO WERE SELECTED FROM AMONG THE PRESIDENTS OF THE FOLLOWING PRACTICE PLANS: FAMILY MEDICINE, PEDIATRICS, OBSTETRICS, AND GYNECOLOGY; - TWO DIRECTORS INITIALLY ELECTED BY A MAJORITY VOTE OF THE PRESIDENTS OF ALL OF THE PRACTICE PLANS AND WHO WERE SELECTED FROM AMONG THE PRESIDENTS OF THE FOLLOWING PRACTICE PLANS: RADIOLOGY, PATHOLOGY, AND EMERGENCY MEDICINE; - THREE DIRECTORS INITIALLY ELECTED BY A MAJORITY VOTE OF THE PRESIDENTS OF ALL OF THE PRACTICE PLANS AND WHO WERE SELECTED FROM AMONG THE PRESIDENTS OF THE FOLLOWING PRACTICE PLANS: OPHTHALMOLOGY, UROLOGY, OTOLARYNGOLOGY, ORTHOPAEDIC SURGERY, PLASTIC SURGERY, AND CARDIOTHORACIC SURGERY; - THREE DIRECTORS INITIALLY ELECTED BY A MAJORITY VOTE OF THE PRESIDENTS OF ALL OF THE PRACTICE PLANS AND WHO WERE SELECTED FROM AMONG THE PRESIDENTS OF THE FOLLOWING PRACTICE PLANS: DERMATOLOGY, REHABILITATION MEDICINE, NEUROSURGERY, NEUROLOGY, AND PSYCHIATRY. FOLLOWING THE ELECTION OF THE INITIAL ROTATING DIRECTORS, THE BOARD OF DIRECTORS SELECTED INDIVIDUALS, AT RANDOM, FROM THE REMAINING PRACTICE PLAN PRESIDENTS TO SERVE AS THE ROTATING DIRECTORS AT THE END OF THE INITIAL ROTATING DIRECTORS TERM. GOVERNANCE, MANAGEMENT, AND DISCLOSURE 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 DIRECTORS OR OFFICERS, THE ADDITION OF NEW MEMBERS, AND THE ANNUAL OPERATING BUDGET. GOVERNANCE, MANAGEMENT, AND DISCLOSURE 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. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI, SECTION B, LINE 12 CONFLICT OF INTEREST QUESTIONNAIRES FOR THE FISCAL YEAR ENDING JUNE 30, 2016 WERE DISTRIBUTED ON APRIL 5, 2017 BY THE COMPLIANCE AND LEGAL DEPARTMENT. THE CHIEF COMPLIANCE OFFICER QUERIES TRUSTEES, OFFICERS, AND DIRECTORS 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 DIRECTORS AND OFFICERS OF THE CORPORATION ACCORDINGLY. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI, SECTION B, LINES 15A & 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. GOVERNANCE, MANAGEMENT, AND DISCLOSURE 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.ExplanationTxt

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (26 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
BU MEDICAL CTR ANESTHESIOLOGISTS INC
88 EAST NEWTON STREET A2817BOSTONMA02118043276227healthcareMA501(C)(3)IIC III-FINAfalse
BOSTON EMERGENCY PHYSICIAN FDN INC
860 HARRISON AVENUEBOSTONMA02118043286156healthcareMA501(C)(3)IIC III-FINAfalse
BU CARDIAC & THORACIC SURGICAL FDN INC
88 EAST NEWTON STREETBOSTONMA02118042966416healthcareMA501(C)(3)IIC III-FINAfalse
BOSTON UNIVERSITY DERMATOLOGY INC
609 ALBANY STREETBOSTONMA02118043335166healthcareMA501(C)(3)IIC III-FINAfalse
BU DERMATOLOGY SUPPORT SERVICES I INC
609 ALBANY STREETBOSTONMA02118043452877healthcareMA501(C)(3)IIC III-FINAfalse
BU DERMATOLOGY SUPPORT SERVICES II INC
609 ALBANY STREETBOSTONMA02118043452874healthcareMA501(C)(3)IIC III-FINAfalse
BOSTON UNIV SURGICAL ASSOCIATES INC
88 EAST NEWTON STREET C500BOSTONMA02118043291148healthcareMA501(C)(3)IIC III-FINAfalse
EVANS MEDICAL FOUNDATION INC
88 EAST NEWTON STREETBOSTONMA02118510172171healthcareMA501(C)(3)IIC III-FINAfalse
BOSTON UNIVERSITY EYE ASSOCIATES INC
2005 BAY STREET SUITE 201TAUNTONMA02780043137333healthcareMA501(C)(3)IIC III-FINAfalse
BOSTON UNIVERSITY FAMILY MEDICINE INC
ONE BOSTON MED CTR DOWLING 5 SBOSTONMA02118043354353healthcareMA501(C)(3)IIC III-FINAfalse
BU MALLORY PATHOLOGY ASSOCIATES INC
670 ALBANY STREET 3RD FLOORBOSTONMA02118042794543healthcareMA501(C)(3)IIC III-FINAfalse
BOSTON UNIV NEUROLOGY ASSOCIATES INC
72 EAST CONCORD STREET C3BOSTONMA02118043428462healthcareMA501(C)(3)IIC III-FINAfalse
BU NEUROSURGICAL ASSOCIATES INC
72 EAST CONCORD STREET C3BOSTONMA02118043296068healthcareMA501(C)(3)IIC III-FINAfalse
BU OBSTETRICS & GYNECOLOGY FDN INC
85 EAST CONCORD STREET 6TH FLBOSTONMA02118043067465healthcareMA501(C)(3)IIC III-FINAfalse
BU ORTHOPAEDIC SURGICAL ASSOCIATES INC
720 HARRISON AVE DOB STE 808bostonMA02118043354360healthcareMA501(C)(3)IIC III-FINAfalse
BUMC OTOLARYNGOLOGIC FOUNDATION INC
820 HARRISON AVE FGH BLDG 4 FLbostonMA02118043156471healthcareMA501(C)(3)IIC III-FINAfalse
CHILD HEALTH FOUNDATION OF BOSTON INC
771 ALBANY STREET DOWLING 3 SOBOSTONMA02118042472758healthcareMA501(C)(3)IIC III-FINAfalse
BOSTON UNIV PLASTIC SURGERY ASSOC INC
720 HARRISON AVENUE DOB 9TH FLBOSTONMA02118043555478healthcareMA501(C)(3)IIC III-FINAfalse
BOSTON UNIVERSITY PSYCHIATRY ASSOC INC
85 EAST NEWTON ST SUITE 802BOSTONMA02118043355267healthcareMA501(C)(3)IIC III-FINAfalse
BU MEDICAL CENTER RADIOLOGISTS INC
820 HARRISON AVE FGH BLDG 3 FLBOSTONMA02118043283573healthcareMA501(C)(3)IIC III-FINAfalse
BOSTON REHABILITATION MEDICINE ASSOC INC
732 HARRISON AVENUE SUITE 511BOSTONMA02118043286641healthcareMA501(C)(3)IIC III-FINAfalse
BU GENERAL SURGICAL ASSOCIATES INC
88 EAST NEWTON ST SUITE C500BOSTONMA02118043265008healthcareMA501(C)(3)IIC III-FINAfalse
BU MEDICAL CENTER UROLOGISTS INC
725 ALBANY STREET SHAPIRO 3BBOSTONMA02118043286643healthcareMA501(C)(3)IIC III-FINAfalse
BOSTON MEDICAL CENTER
88 EAST NEWTON STREETBOSTONMA02118043314093healthcareMA501(C)(3)3NAfalse
TRUSTEES OF BOSTON UNIVERSITY
881 COMMONWEALTH AVENUEBOSTONMA02115042103547educationMA501(C)(3)2NAfalse
BU RADIATION ONCOLOGY INC
1 BOSTON MEDICAL CENTER PLACEBOSTONMA02118810716773HEALTHCAREMA501(c)(3)IIC III-FIfalseN/A
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (true)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (true)TransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd