2011-05-16T14:15:52-05:00 2010-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2009-07-01 043289381 Faculty Practice Foundation Inc FACU 6176388923 660 Harrison Avenue 3rd Floor Boston MA 02118 PETER HEALY 2011-05-16 true PRICEWATERHOUSECOOPERS LLP 6175305000 2011-05-13 2009 2016-02-24 21:20:13Z KAREN H ANTMAN MD 660 HARRISON AVENUE Boston MA 02118 6008939 false 8094 X WWW.BMC.ORG X 1994 MA SEE SCHEDULE O. 14 0 0 15 0 0 303224 6000457 684525 8482 0 0 987749 6008939 0 0 0 0 2271628 3824125 0 0 0 14819120 14241100 17090748 18065225 -16102999 -12056286 84353677 38257051 50313207 16272861 34040470 21984190 SEE SCHEDULE O. false false 16123691 0 6000457 See Schedule O. 16123691 true false false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 223 0 true 0 false true CJ false false false false false false false 14 0 true false false false false false false true true false true true true true true true true true false MA X KATHRYN BEACH 6176383565 660 HARRISON AVENUE GAMBRO 3 RM 3 Boston MA 02118 X Karen H Antman MD 3.0 X X 0 642519 24642 Aram V Chobanian MD 50.0 X 0 344566 42208 Elaine S Ullian 3.0 X X 0 1572319 229903 Gary W Nicksa 3.0 X 0 300291 46209 Ronald Bartlett 4.0 X 0 1798038 115814 Peter Healy 30.0 X 0 380630 59926 Thomas J Moore MD 50.0 X 0 466379 40346 Jonathan Woodson MD 50.0 X 0 190393 38694 BARRY S ZUCKERMAN MD 50.0 X 0 422762 43302 DAVID L COLEMAN MD 50.0 X 0 598854 25785 JAMES M BECKER MD 50.0 X 0 1002335 41651 LINDA HEFFNER MD 50.0 X 0 503816 41382 RAVIN DAVIDOFF MD 5.0 X 0 534153 95354 kathleen e walsh 3.0 X X 0 0 0 Stephanie S Lovell Esq 4.0 X 0 543113 83955 0 9300168 929171 0 false true false THE CROES OLIVA GROUP INC 394 LOWELL ST APT 6 LEXINGTON MA 02420 MGMT CONSULTING 1161768 CULBERT HEALTHCARE SOLUTIONS 800 W CUMMINGS PARK WOBURN MA 01801 HEALTHCARE CONSULT. 481295 ACCOUNTING MANAGEMENT SOLUTION INC 800 SOUTH STREET WALTHAM MA 02453 MGMT CONSULTING 298458 PRICEWATERHOUSECOOPERS LLP 125 HIGH STREET BOSTON MA 02110 AUDIT/TAX SERVICES 210907 BRENNAN FOURNIER INC 56 OLIVER DRIVE BREWSTER MA 02631 ACCT/FIN CONSULTING 194715 5 0 INSTITUTIONAL SUPPORT & OTHER REVENUE 900099 6000457 6000457 6000457 8482 8482 0 0 0 0 0 0 0 6008939 6000457 8482 0 0 0 0 0 0 2214046 2214046 0 0 0 0 1610079 1610079 0 0 0 0 0 1284756 1284756 0 0 547159 547159 0 0 0 109619 109619 0 476928 476928 0 0 0 80197 80197 0 0 188863 188863 0 0 0 20 20 0 0 1312 1312 0 0 0 380 380 0 0 0 0 6500 6500 0 2761 2761 0 RECRUITMENT 1175809 1175809 OTHER EXPENSES 3116 3116 DUE MEMBERSHIPS & LIC. MDS. 2210 2210 INSTITUTIONAL SUPPORT EXPENSE 10361470 10361470 18065225 16123691 1941534 0 47834784 26205794 19534 18737 844797 199830 461671 644967 36037688 11387553 84353677 38257051 1119623 1616741 49193584 14656120 50313207 16272861 X 34040470 21984190 34040470 21984190 84353677 38257051 X false true true X false X X X false false false TRUSTEES OF BOSTON UNIVERSITY 042103547 02 true 0 BOSTON MEDICAL CENTER 043314093 03 true 0 2 0 844797 199830 644967 644967 DUE FROM AFFILIATES 11333482 OTHER ASSETS 36000 OTHER RECEIVABLES 18071 11387553 0 DUE TO AFFILIATES 14656120 14656120 schedule d, part x - fin 48 Faculty Practice Foundation Inc.'s financial statements did not report a liability for uncertain tax positions under FIN 48. false true false false false false false false false Karen H Antman MD 0 579000 0 0 0 63519 0 23349 0 1293 0 667161 0 0 Aram V Chobanian MD 0 293665 0 0 0 50901 0 23349 0 18859 0 386774 0 0 Elaine S Ullian 0 907742 0 333878 0 330699 0 186299 0 43604 0 1802222 0 0 Gary W Nicksa 0 281254 0 0 0 19037 0 23349 0 22860 0 346500 0 0 Ronald Bartlett 0 480918 0 131250 0 1185870 0 69269 0 46545 0 1913852 0 0 Peter Healy 0 253412 0 68578 0 58640 0 27411 0 32515 0 440556 0 0 Stephanie S Lovell Esq 0 378529 0 98985 0 65599 0 65888 0 18067 0 627068 0 0 Thomas J Moore MD 0 426057 0 0 0 40322 0 23349 0 16997 0 506725 0 0 Jonathan Woodson MD 0 179739 0 0 0 10654 0 18376 0 20318 0 229087 0 0 BARRY S ZUCKERMAN MD 0 369550 0 0 0 53212 0 23349 0 19953 0 466064 0 0 DAVID L COLEMAN MD 0 448473 0 0 0 150381 0 23349 0 2436 0 624639 0 0 JAMES M BECKER MD 0 443265 0 0 0 559070 0 23349 0 18302 0 1043986 0 0 LINDA HEFFNER MD 0 435108 0 0 0 68708 0 23349 0 18033 0 545198 0 0 RAVIN DAVIDOFF MD 0 384100 0 106181 0 43872 0 61523 0 33831 0 629507 0 0 Schedule J, Part I, Line 3 THE 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. 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 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. 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