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FACULTY PRACTICE FOUNDATION INC: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
FACULTY PRACTICE FOUNDATION INC (EIN 04-3289381)
Tax period
2009-07-01 to 2010-06-30
Filed
2011-05-16
IRS object ID
201111369349304856
Schema version
2009v1.7
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)
Timestamp2011-05-16T14:15:52-05:00Timestamp
Tax Period End Date2010-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1PricewaterhouseCoopers LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1125 High StreetAddressLine1
CityBostonCity
StateMAState
ZIP Code02110ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN043289381EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Faculty Practice Foundation IncBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlFACUNameControl
Phone6176388923Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1660 Harrison Avenue 3rd FloorAddressLine1
CityBostonCity
StateMAState
ZIP Code02118ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NamePETER HEALYName
TitleVP OF PROFESSIONAL SVCSTitle
Date Signed2011-05-16DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NamePRICEWATERHOUSECOOPERS LLPName
Phone6175305000Phone
Date Prepared2011-05-13DatePrepared
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonKAREN H ANTMAN MDNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1660 HARRISON AVENUEAddressLine1
CityBostonCity
StateMAState
ZIP Code02118ZIPCode
FieldValueIRS element (for citing)
Gross Receipts6008939GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Group Exemption Number8094GroupExemptionNumber
Organization501cXOrganization501c
Web SiteWWW.BMC.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1994YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionSEE SCHEDULE O.ActivityOrMissionDescription
Nbr Voting Members Governing Body14NbrVotingMembersGoverningBody
Nbr Independent Voting Members0NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers15TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year303224ProgramServiceRevenuePriorYear
Program Service Revenue CY6000457ProgramServiceRevenueCY
Investment Income Prior Year684525InvestmentIncomePriorYear
Investment Income Current Year8482InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year987749TotalRevenuePriorYear
Total Revenue Current Year6008939TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year2271628SalariesEtcPriorYear
Salaries Etc Current Year3824125SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year14819120OtherExpensePriorYear
Other Expenses Current Year14241100OtherExpensesCurrentYear
Total Expenses Prior Year17090748TotalExpensesPriorYear
Total Expenses Current Year18065225TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-16102999RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-12056286RevenuesLessExpensesCY
Total Assets BOY84353677TotalAssetsBOY
Total Assets EOY38257051TotalAssetsEOY
Total Liabilities BOY50313207TotalLiabilitiesBOY
Total Liabilities EOY16272861TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY34040470NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY21984190NetAssetsOrFundBalancesEOY
Mission DescriptionSEE SCHEDULE O.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense16123691Expense
Grants0Grants
Revenue6000457Revenue
DescriptionSee Schedule O.Description
Total Program Service Expense16123691TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Balance Sheet Amounts ReportedtrueBalanceSheetAmountsReported
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmttrueConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With1096223NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees0NumberOfEmployees
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccounttrueForeignFinancialAccount
Name Of Foreign CountryCJNameOfForeignCountry
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Nbr Voting Governing Body Members14NbrVotingGoverningBodyMembers
Number Independent Voting Members0NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChapterstrueLocalChapters
Policies Reference ChapterstruePoliciesReferenceChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonKATHRYN BEACHNamePerson
Telephone Number6176383565TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1660 HARRISON AVENUE GAMBRO 3 RM 3AddressLine1
CityBostonCity
StateMAState
ZIP Code02118ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (15 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
Karen H Antman MD
President/DIRECTOR3.0XX064251924642
Aram V Chobanian MD
Director50.0X034456642208
Elaine S Ullian
Treas/DIRECTOR (until 1/29/10)3.0XX01572319229903
Gary W Nicksa
Director3.0X030029146209
Ronald Bartlett
Director4.0X01798038115814
Peter Healy
Director30.0X038063059926
Thomas J Moore MD
Director50.0X046637940346
Jonathan Woodson MD
Director50.0X019039338694
BARRY S ZUCKERMAN MD
DIRECTOR50.0X042276243302
DAVID L COLEMAN MD
DIRECTOR50.0X059885425785
JAMES M BECKER MD
DIRECTOR50.0X0100233541651
LINDA HEFFNER MD
DIRECTOR50.0X050381641382
RAVIN DAVIDOFF MD
DIRECTOR5.0X053415395354
kathleen e walsh
Director3.0XX000
Stephanie S Lovell Esq
CLERK4.0X054311383955
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs9300168TotalReportableCompFrmRltdOrgs
Total Other Compensation929171TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
THE CROES OLIVA GROUP INC
394 LOWELL ST APT 6LEXINGTONMA02420MGMT CONSULTING1161768
CULBERT HEALTHCARE SOLUTIONS
800 W CUMMINGS PARKWOBURNMA01801HEALTHCARE CONSULT.481295
ACCOUNTING MANAGEMENT SOLUTION INC
800 SOUTH STREETWALTHAMMA02453MGMT CONSULTING298458
PRICEWATERHOUSECOOPERS LLP
125 HIGH STREETBOSTONMA02110AUDIT/TAX SERVICES210907
BRENNAN FOURNIER INC
56 OLIVER DRIVEBREWSTERMA02631ACCT/FIN CONSULTING194715
FieldValueIRS element (for citing)
Number Of Contractors GT100 K5NumberOfContractorsGT100K
Total Contributions0TotalContributions

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionINSTITUTIONAL SUPPORT & OTHER REVENUEDescription
Business Code900099BusinessCode
Total Revenue Column6000457TotalRevenueColumn
Related Or Exempt Function Income6000457RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue6000457TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column8482TotalRevenueColumn
Exclusion$8,482ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn
FieldValueIRS element (for citing)
Total Other Revenue0TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column6008939TotalRevenueColumn
Related Or Exempt Function Income6000457RelatedOrExemptFunctionIncome
Exclusion$8,482ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total0Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total0Total

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total0Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total0Total

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total2214046Total
Program Services2214046ProgramServices
Fundraising0Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total0Total
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total1610079Total
Program Services1610079ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total0Total
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total1284756Total
Management And General1284756ManagementAndGeneral
Fundraising0Fundraising

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total0Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total547159Total
Management And General547159ManagementAndGeneral
Fundraising0Fundraising

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total0Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total109619Total
Management And General109619ManagementAndGeneral
Fundraising0Fundraising

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total476928Total
Program Services476928ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total0Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total80197Total
Program Services80197ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total188863Total
Program Services188863ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total20Total
Program Services20ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total1312Total
Program Services1312ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total380Total
Program Services380ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total0Total

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total6500Total
Program Services6500ProgramServices
Fundraising0Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total2761Total
Program Services2761ProgramServices
Fundraising0Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServices
RECRUITMENT11758091175809
OTHER EXPENSES31163116
DUE MEMBERSHIPS & LIC. MDS.22102210
INSTITUTIONAL SUPPORT EXPENSE1036147010361470

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total18065225Total
Program Services16123691ProgramServices
Management And General1941534ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY47834784BOY
EOY26205794EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY19534BOY
EOY18737EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis844797LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec199830LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY461671BOY
EOY644967EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY36037688BOY
EOY11387553EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY84353677BOY
EOY38257051EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY1119623BOY
EOY1616741EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY49193584BOY
EOY14656120EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY50313207BOY
EOY16272861EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY34040470BOY
EOY21984190EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY34040470BOY
EOY21984190EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY84353677BOY
EOY38257051EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3XSupportingOrganization509a3
Supporting Org509a3 Type2XSupportingOrg509a3Type2
Certification CheckboxXCertificationCheckbox
Contrib By Controlling IndividualfalseContribByControllingIndividual
Contribution By Related PartyfalseContributionByRelatedParty
Contrib By35 Controlled EntityfalseContribBy35ControlledEntity

Supported Org Information SupportedOrgInformation (2 entries)

EINEINType Of OrganizationTypeOfOrganizationListed In Governing DocListedInGoverningDocAmountAmount
TRUSTEES OF BOSTON UNIVERSITY
04210354702true$0
BOSTON MEDICAL CENTER
04331409303true$0
FieldValueIRS element (for citing)
Total Number Of Supported Orgs2TotalNumberOfSupportedOrgs
Sum Of Amounts0SumOfAmounts

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmtsArtPublicExhibitionAmts
Held Works Of Art AmtsHeldWorksOfArtAmts
LandLand
BuildingsBuildings
Leasehold ImprovementsLeaseholdImprovements
EquipmentEquipment

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis844797OtherCostOrOtherBasis
Depreciation199830Depreciation
Book Value644967BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings644967TotalOfBookValueLandBuildings

Other Assets OtherAssets (3 entries)

DescriptionDescriptionBook ValueBookValue
DUE FROM AFFILIATES11333482
OTHER ASSETS36000
OTHER RECEIVABLES18071
FieldValueIRS element (for citing)
Total Book Value Other Assets11387553TotalBookValueOtherAssets
Federal Income Tax Liability0FederalIncomeTaxLiability

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionDUE TO AFFILIATESDescription
Amount$14,656,120Amount
FieldValueIRS element (for citing)
Total Of Amounts14656120TotalOfAmounts

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
Identifierschedule d, part x - fin 48Identifier
Return ReferenceFaculty Practice Foundation Inc.'s financial statements did not reportReturnReference
Explanationa liability for uncertain tax positions under FIN 48.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePayment
Supplemental Nonqual Retire PlantrueSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgfalseCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentsfalseAnyNonFixedPayments
Initial Contract ExceptionfalseInitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (14 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Karen H Antman MD
05790000006351902334901293066716100
Aram V Chobanian MD
029366500050901023349018859038677400
Elaine S Ullian
09077420333878033069901862990436040180222200
Gary W Nicksa
028125400019037023349022860034650000
Ronald Bartlett
04809180131250011858700692690465450191385200
Peter Healy
0253412068578058640027411032515044055600
Stephanie S Lovell Esq
0378529098985065599065888018067062706800
Thomas J Moore MD
042605700040322023349016997050672500
Jonathan Woodson MD
017973900010654018376020318022908700
BARRY S ZUCKERMAN MD
036955000053212023349019953046606400
DAVID L COLEMAN MD
044847300015038102334902436062463900
JAMES M BECKER MD
04432650005590700233490183020104398600
LINDA HEFFNER MD
043510800068708023349018033054519800
RAVIN DAVIDOFF MD
03841000106181043872061523033831062950700

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
IdentifierSchedule J, Part I, Line 3Identifier
ExplanationTHE FACULTY PRACTICE FOUNDATION RELIES ON THE TRUSTEES OF BOSTON UNIVERSITY, A RELATED ORGANIZATION, TO ESTABLISH COMPENSATION OF THEIR CHIEF EXECUTIVE OFFICER. 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/or 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 specified dates but no later than the executive's 68th birthday. The following amounts became vested and were paid to the following executives in calendar year 2009: Bartlett - $1,159,375 DAVIDOFF - $17,780 Healy - $56,314 LOVELL - $50,158 ULLIAN - $292,279 KATHLEEN E. WALSH WAS EMPLOYED AS OF MARCH 1, 2010 AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF BMC AND DIRECTOR OF THE FACULTY PRACTICE FOUNDATION, INC. SHE DID NOT RECEIVE COMPENSATION DURING CALENDAR 2009.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation

FieldValueIRS element (for citing)
IdentifierORGANIZATION'S MISSIONIdentifier
Return ReferenceFORM 990, PART I, LINE 1 AND PART III, LINE 1ReturnReference
ExplanationThe 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 Heath 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. 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, set physician compensation, and control managed care services provided 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. The President of the Faculty PRACTICE FOUNDATION is also the Dean of Boston University School of Medicine. The foundation entered into a common paymaster agreement with BUSM. Under the terms of the agreement, physicians and practitioners employed by the foundation are concurrently employed by the University as faculty members of BUSM. The foundation also pays BUSM 28.9% of related salary up to a $245,000 base per physician for reimbursement of fringe benefits and related paymaster fees and pays 8.1% of related salary in excess of this base amount up to the FICA limit and 1.9% thereafter. 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 OR BOSTON MEDICAL CENTER, related organizations. members of the foundation's board include certain officers of boston university and boston medical center. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI, SECTION B, LINE 11A PRIOR TO THE FILING OF the FORM 990 WITH THE IRS, THE FORM 990 PREPARED BY OUR OUTSIDE TAX CONSULTANTS WAS 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, 2010 WERE DISTRIBUTED ON JANUARY 31, 2011 BY THE COMPLIANCE AND LEGAL DEPARTMENT. THE OFFICE OF GENERAL COUNSEL QUERies TRUSTEES, officers and directors on at least an annual basis regarding relationships that may create potential conflicts of interest. The OFFICE OF GENERAL COUNSEL reviews all disclosures and determines whether there are actual or potential conflicts of interest. The General Counsel advises the board of trustees and officers of the corporation accordingly. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI, SECTION B, LINE 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 practice plans' officer's compensation. GOVERNANCE, MANAGEMENT, AND DISCLOSURE FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, or FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.Explanation

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (25 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
BU MEDICAL CTR ANESTHESIOLOGISTS INC
88 EAST NEWTON STREETBOSTONMA02118043276227healthcareMA501(C)(3)IIC III-FINA
BOSTON EMERGENCY PHYSICIAN FDN INC
818 HARRISON AVENUEBOSTONMA02118043286156healthcareMA501(C)(3)IIC III-FINA
BU CARDIAC & THORACIC SURGICAL FDN INC
88 EAST NEWTON STREETBOSTONMA02118042966416healthcareMA501(C)(3)IIC III-FINA
BOSTON UNIVERSITY DERMATOLOGY INC
609 ALBANY STREETBOSTONMA02118043335166healthcareMA501(C)(3)IIC III-FINA
BU DERMATOLOGY SUPPORT SERVICES I INC
609 ALBANY STREETBOSTONMA02118043452877healthcareMA501(C)(3)IIC III-FINA
BU DERMATOLOGY SUPPORT SERVICES II INC
609 ALBANY STREETBOSTONMA02118043452874healthcareMA501(C)(3)IIC III-FINA
BOSTON UNIV SURGICAL ASSOCIATES INC
88 EAST NEWTON STREETBOSTONMA02118043291148healthcareMA501(C)(3)IIC III-FINA
EVANS MEDICAL FOUNDATION INC
88 EAST NEWTON STREETBOSTONMA02118510172171healthcareMA501(C)(3)IIC III-FINA
BOSTON UNIVERSITY EYE ASSOCIATES INC
2005 BAY STREET SUITE 201TAUNTONMA02780043137333healthcareMA501(C)(3)IIC III-FINA
BOSTON UNIVERSITY FAMILY MEDICINE INC
1 BOSTON MEDICAL CTR DOWLING 5BOSTONMA02118043354353healthcareMA501(C)(3)IIC III-FINA
BU MALLORY PATHOLOGY ASSOCIATES INC
784 MASSACHUSETTS AVENUEBOSTONMA02118042794543healthcareMA501(C)(3)IIC III-FINA
BOSTON UNIV NEUROLOGY ASSOCIATES INC
720 HARRISON AVENUE SUITE 707BOSTONMA02118043428462healthcareMA501(C)(3)IIC III-FINA
BU NEUROSURGICAL ASSOCIATIES INC
88 EAST NEWTON STREETBOSTONMA02118043296068healthcareMA501(C)(3)IIC III-FINA
BU OBSTETRICS & GYNECOLOGY FDN INC
818 HARRISON AVENUEBOSTONMA02118043067465healthcareMA501(C)(3)IIC III-FINA
BU ORTHOPAEDIC SURGICAL ASSOCIATES INC
720 HARRISON AVENUE SUITE 808bostonMA02118043354360healthcareMA501(C)(3)IIC III-FINA
BUMC OTOLARYNGOLOGIC FOUNDATION INC
88 EAST NEWTON STREETbostonMA02118043156471healthcareMA501(C)(3)IIC III-FINA
CHILD HEALTH FOUNDATION OF BOSTON INC
818 HARRISON AVENUE DOWLING 3BOSTONMA02118042472758healthcareMA501(C)(3)IIC III-FINA
BOSTON UNIV PLASTIC SURGERY ASSOC INC
88 EAST NEWTON STREETBOSTONMA02118043555478healthcareMA501(C)(3)IIC III-FINA
BOSTON UNIVERSITY PSYCHIATRY ASSOC INC
720 HARRISON AVENUEBOSTONMA02118043355267healthcareMA501(C)(3)IIC III-FINA
BU MEDICAL CENTER RADIOLOGISTS INC
88 EAST NEWTON STREETBOSTONMA02118043283573healthcareMA501(C)(3)IIC III-FINA
BOSTON REHABILITATION MEDICINE ASSOC INC
88 EAST NEWTON STREETBOSTONMA02118043286641healthcareMA501(C)(3)IIC III-FINA
BU GENERAL SURGICAL ASSOCIATES INC
88 EAST NEWTON STREETBOSTONMA02118043265008healthcareMA501(C)(3)IIC III-FINA
BU MEDICAL CENTER UROLOGISTS INC
88 EAST NEWTON STREETBOSTONMA02118043286643healthcareMA501(C)(3)IIC III-FINA
BOSTON MEDICAL CENTER
88 EAST NEWTON STREETBOSTONMA02118043314093healthcareMA501(C)(3)3NA
TRUSTEES OF BOSTON UNIVERSITY
881 COMMONWEALTH AVENUEBOSTONMA02115042103547educationMA501(C)(3)2NA
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiesfalseReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgfalseGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgfalseGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeestrueSharingOfPaidEmployees
Reimbursement Paid To Other OrgtrueReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgtrueReimbursementPaidByOtherOrg
Other Transfer To Other OrgfalseOtherTransferToOtherOrg
Other Transfer From Other OrgfalseOtherTransferFromOtherOrg