2026-08-12T16:33:44-05:00 2025-09-30 135565207 KPMG LLP 60 SOUTH STREET TWO FINANCIAL CENTER BOSTON MA 02111 990 2024-10-01 900513372 FACULTY PRACTICE FOUNDATION INC & AFFILIATES FACU 6176388000 ONE BOSTON MEDICAL CENTER PLACE BOSTON MA 02118 WILLIAM R CREEVY MD PRESIDENT 6176388000 2026-08-12 1 0 STEPHANIE LONCZAK P01880207 6179881000 2026-08-10 2024 2025-03-06 01:10:19Z WILLIAM R CREEVY MD ONE BOSTON MEDICAL CENTER PLACE BOSTON MA 02118 587967407 1 1 8094 X WWW.BMC.ORG X 1994 MA SEE SCHEDULE O. 36 0 2236 38 380690 0 0 0 137999066 582059223 262040 5908184 0 0 138261106 587967407 1000500 18079 0 0 117904491 482635243 0 0 0 26695557 103203581 145600548 585856903 -7339442 2110504 95216696 92152007 33569939 25026168 61646757 67125839 X SEE SCHEDULE O. 0 0 473657953 18079 581678533 THE FACULTY PRACTICE PLANS ("THE PLANS") WERE ESTABLISHED AS NOT-FOR-PROFIT CORPORATIONS OPERATING EXCLUSIVELY FOR THE BENEFIT OF BOSTON MEDICAL CENTER AND BOSTON UNIVERSITY CHOBANIAN & AVEDISIAN SCHOOL OF MEDICINE. 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. THE PLANS PROVIDE AMBULATORY SERVICES RANGING FROM PRIMARY ADULT AND PEDIATRIC CARE TO ADVANCED SPECIALTY CARE; AFFILIATED PHYSICIANS ALSO STAFF THE LARGEST 24 HOUR LEVEL 1 TRAUMA CENTER IN NEW ENGLAND. 473657953 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 2236 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 36 0 1 0 0 0 1 0 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X KAREN FINE 6176387406 1 BOSTON MEDICAL CENTER PLACE BOSTON MA 02118 X JAMES HOLSAPPLE MD PRESIDENT/DIRECTOR - NEUROSURG 50.00 0.00 X X 1028645 0 62630 PAUL TORNETTA MD PRES/TREAS/CLERK/DIR - ORTHO 50.00 0.00 X X 1007579 0 51535 GREGORY GRILLONE MD PRES/DIR - OTO 50.00 1.00 X X 925330 0 65962 MINH-TAM TRUONG MD PRES/TREAS/CLERK/DIR - RAD ONC 50.00 0.00 X X 832011 0 86954 JORGE SOTO MD PRESIDENT/DIRECTOR - RADIO 50.00 0.00 X X 832363 0 66454 ALIK FARBER MD PRES/TREAS/CLERK/DIR - CT,PS,SA,GS 50.00 2.00 X X 795688 0 78199 STEPHEN CHRISTIANSEN MD PRES/TREAS/CLERK/DIR - EYE 50.00 0.00 X X 796322 0 64557 RAFAEL ORTEGA MD PRES/TREAS/CLERK/DIR - ANES 50.00 0.00 X X 768885 0 66134 TOBY CHAI MD PRES/TREAS/CLERK/DIR - URO 50.00 0.00 X X 759972 0 65810 DAVID GREER MD REHAB,PRS/TRS/CLK/DR-NEUR 50.00 0.00 X X 679547 0 74939 CHRISTIAN ARBELAEZ MD MPH PRES/TREAS/CLERK/DIR - ER 50.00 1.00 X X 595678 0 118636 ELIJAH PAINTSIL MD PRES/TREAS/CLERK/DIR - CHF 50.00 0.00 X X 698195 0 5954 DAVID HENDERSON MD PRES/TREAS/CLERK/DIR - PSYCH 50.00 0.00 X X 616815 0 72763 KATHARINE WHITE MD PRESIDENT/DIRECTOR - OBGYN 50.00 0.00 X X 588331 0 69712 SUSHRUT WAIKAR MD MPH PRES/TRES/DIR - EMF (UNTIL 9/25) 50.00 1.00 X X 495359 0 133137 CHRISTOPHER ANDRY PHD PRES/TREAS/CLERK/DIR - PATH 50.00 0.00 X X 543266 0 62336 ILSE CASTRO-ARAGON MD CLERK/DIRECTOR - RADIO 50.00 0.00 X X 455883 0 131104 STEPHEN WILSON MD PRES/TREAS/CLERK/DIR - FAM 50.00 0.00 X X 453259 0 71093 ASHVIN PANDE MD DIRECTOR - EMF 50.00 0.00 X 449187 0 73259 JAROSLAW TKACZ MD TREASURER/DIRECTOR - RADIO 50.00 0.00 X X 413040 0 62362 CHRISTINA LAM MD PRESIDENT/DIRECTOR - DERM 50.00 0.00 X X 440983 0 33155 GOPALA YADAVALLI MD DIRECTOR - EMF 50.00 0.00 X 318846 0 128802 PAUL HENDESSI MD DIRECTOR - OBGYN 50.00 0.00 X 349344 0 74515 MANJU SUBRAMANIAN MD DIRECTOR - EYE 50.00 1.00 X 359014 0 43623 CLAUDIA HOCHBERG MD DIRECTOR - EMF 50.00 0.00 X 359778 0 42724 RONALD IVERSON MD MPH DIRECTOR - OBGYN (UNTIL 11/24) 50.00 0.00 X 320614 0 56665 NICOLE SIEGEL MD DIRECTOR - EYE 50.00 0.00 X 341088 0 31364 RANIA BURKE PHD DIRECTOR - EMF 50.00 0.00 X 299662 0 62211 SAMANTHA KAPLAN MD DIRECTOR - OBGYN 50.00 0.00 X 300351 0 60348 SUSANNAH ROWE MD DIRECTOR - EYE 50.00 0.00 X 269623 0 58532 PADMASINI KANDADAI MD DIRECTOR - OBGYN 50.00 0.00 X 240374 0 54204 JUSTIN LUI DIRECTOR - EMF 50.00 0.00 X 237922 0 31220 GERALD DENIS PHD DIRECTOR - EMF 50.00 0.00 X 216603 0 28206 ROSHA FORMAN CNM MSN DIRECTOR - OBGYN 50.00 0.00 X 176046 0 50834 KETTIE LOUIS DNP DIRECTOR - OBGYN 50.00 0.00 X 150180 0 40532 SUSAN BUDNICK MD DIRECTOR - EMF (AS OF 8/25) 50.00 0.00 X 152718 0 14673 SHANSHAN SHEEHY DIRECTOR - EMF 50.00 0.00 X 122804 0 12109 VICKI JACKSON MD MPH PRES/TRES/DIR - EMF (AS OF 9/25) 50.00 2.00 X X 0 0 0 DAVID BECK SCHEDULE O DISCLOSURE 5.00 50.00 X 0 730210 58015 JACOB PIETER NOORDZIJ MD CLERK - OTO 50.00 1.00 X 536265 0 69737 MATTHEW NIVISON TREAS/CLK-NEUROSURG, TRS-OTO 50.00 0.00 X 0 167641 57282 JAMIE LEVY TREASURER/CLERK - DERM 50.00 0.00 X 0 180745 37220 ANNA PATRUSHEVA TREASURER - OBGYN 50.00 0.00 X 0 169052 15833 CAROL BOUDROT CLERK - OBGYN 50.00 0.00 X 0 74055 51123 CHADI TANNOURY MD PHYSICIAN - ORTHO 50.00 0.00 X 1376064 0 61326 XINNING LI MD PHYSICIAN - ORTHO 50.00 0.00 X 1330643 0 68242 TONY TANNOURY MD PROFESSOR/PHYSICIAN - ORTHO 50.00 0.00 X 1210500 0 130461 WILLIAM CREEVY MD PRESIDENT - FPF, PROF/PHYS - ORTHO 22.00 32.00 X 1226917 0 71605 ANDREW STEIN MD PHYSICIAN - ORTHO 50.00 0.00 X 768165 0 130138 ROBERT VINCI MD FORMER PRES/CLERK/DIR - CHF 0.00 20.00 X 952392 0 33809 JENNIFER TSENG MD FMR PRS/TRS/CLK/DR-CT,PS,SA,GS 0.00 1.00 X 680570 0 0 RHODA ALANI MD FORMER PRESIDENT/DIRECTOR - DERM 50.00 0.00 X 542164 0 43345 ANTHONY HOLLENBERG MD FORMER PRES/TREAS/DIR-EMF 0.00 51.00 X 390193 817091 16695 PARVEZ KAZMI FORMER TREASURER - OTO 0.00 0.00 X 0 127208 23134 AVIVA LEE-PARRITZ MD FORMER PRESIDENT/DIRECTOR - OBGYN 0.00 0.00 X 111574 0 14241 SHEILA PHICIL FORMER TREASURER/CLERK - NEURO 0.00 0.00 X 0 175097 20949 27516752 2441099 3210402 1188 1 1 0 BAY COVE HUMAN SERVICES 66 CANAL STREET 3RD FLOOR BOSTON MA 02114 PHYSICIAN SERVICES 4761871 BU PAYROLL PROCESSING 881 COMMONWEALTH AVE BOSTON MA 02215 PAYROLL SERVICES 1383215 NORTHEAST ANESTHSIA CONSULTING LLC 104 DEAN STREET SUITE 103 TAUNTON MA 02780 PHYSICIAN SERVICES 805156 CHILDREN'S HOSPITAL OF BOSTON 300 LONGWOOD AVE BOSTON MA 02115 PHYSICIAN SERVICES 701587 MEDICUS HEALTHCARE SOLUTIONS 22 ROULSTON ROAD WINDHAM NH 03807 PHYSICIAN SERVICES 467032 16 PATIENT REVENUE 900099 246286362 245905672 380690 INSTITUTIONAL SUPPORT 541380 210570513 210570513 REIMBURSEMENT OF OPERATING EXP 900099 88874693 88874693 CONTRACT & HEALTH CENTER REVENUE 900099 25500679 25500679 CAPITATION REVENUE 900099 4387748 4387748 6439228 6439228 582059223 5908184 5908184 587967407 581678533 380690 5908184 18079 18079 24268170 19489188 4778982 2694937 1900591 794346 367547095 292319743 75227352 88125041 69409255 18715786 21800386 17795535 4004851 25461 20348 5113 1194774 892589 302185 2115353 1539911 575442 862990 691072 171918 3383062 2642005 741057 12039 8392 3647 17613267 14484593 3128674 568892 398800 170092 12597652 10160463 2437189 BAD DEBT EXPENSE 30941203 30755970 185233 MEDICAL & SURGICAL SUPP 7438173 7438173 DUES & LICENSES 2025933 1614091 411842 2624396 2079155 545241 585856903 473657953 112198950 0 11271205 14191529 190630 88649 25599449 20014310 10498263 8213110 2807714 2285153 48215710 44394514 7131988 11177852 95216696 92152007 11529785 12747489 2430268 2128675 19609886 10150004 33569939 25026168 X 61646757 67125839 61646757 67125839 95216696 92152007 X 2110504 -1290308 4658886 X 0 1 X 1 0 X X 2 BOSTON MEDICAL CENTER 043314093 3 0 0 0 TRUSTEES OF BOSTON UNIVERSITY 042103547 2 0 0 0 2 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 SCHEDULE A, PART IV, SECTION A, LINE 6 IN ADDITION TO PROVIDING SUPPORT TO THEIR SUPPORTED ORGANIZATIONS, THE FACULTY PRACTICE PLANS TO ALSO PROVIDE SUPPORT TO ORGANIZATIONS TO ADVANCE THE MISSION OF THE PLANS AND THEIR SUPPORTED ORGANIZATIONS TO PROVIDE, COORDINATE, AND FACILITATE THE DELIVERY OF PATIENT CARE SERVICES. SUPPORT IS INCLUDED ON FORM 990, SCHEDULE I. SCHEDULE A, PART IV, SECTION E, LINE 2A & 2B THE FACULTY PRACTICE PLANS ("THE PLANS") WERE ESTABLISHED AS NOT-FOR-PROFIT CORPORATIONS OPERATING EXCLUSIVELY FOR THE BENEFIT OF BOSTON MEDICAL CENTER AND BOSTON UNIVERSITY CHOBANIAN & AVEDISIAN SCHOOL OF MEDICINE. 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. THE PLANS PROVIDE AMBULATORY SERVICES RANGING FROM PRIMARY ADULT AND PEDIATRIC CARE TO ADVANCE SPECIALTY CARE; AFFILIATED PHYSICIANS ALSO STAFF THE LARGEST 24 HOUR LEVEL 1 TRAUMA CENTER IN NEW ENGLAND. 3191762 2322561 869201 5956833 5364234 592599 1349668 526315 823353 2285153 OTHER RECEIVABLES 5548280 DUE FROM AFFILIATES 4658385 OTHER ASSETS 971187 11177852 DUE TO AFFILATES 9429137 LONG TERM CAPITAL LEASE OBLIGATION 172202 OTHER LIABILITIES 173665 LONG TERM PORTION OF DUE TO RELATED PARTIES 375000 10150004 X PART X, LINE 2: FACULTY PRACTICE FOUNDATION, INC. ("FACULTY") AND ITS AFFILIATED FACULTY PRACTICE PLANS ("PLANS") ARE INCLUDED IN COMBINED FINANCIAL STATEMENTS. THE TEXT OF THE UNCERTAIN TAX POSITIONS FOOTNOTE INCLUDED IN THESE FINANCIAL STATEMENTS IS AS FOLLOWS: THE HEALTH SYSTEM, BMC, BMC-SOUTH, BMC-BRIGHTON, WELLSENSE, FACULTY AND THE PLANS, BMCIC OF VERMONT, BMCAP, BMCICS AND BACO, ARE ALL NONPROFIT CORPORATIONS THAT HAVE BEEN RECOGNIZED AS TAX-EXEMPT PURSUANT TO SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE (IRC). BMCHS RECOGNIZES INCOME TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINABLE BASED ON THE MERITS OF THE POSITION. MANAGEMENT HAS CONCLUDED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT NEED TO BE RECORDED AS OF SEPTEMBER 30, 2025 AND 2024. BMCHS ANNUALLY ASSESSES WHETHER IT MUST RECOGNIZE UBIT EXPENSE. THE AMOUNTS RECOGNIZED AS UBIT EXPENSE WERE NOT MATERIAL TO BMCHS'S CONSOLIDATED OPERATIONS OR CHANGES IN NET ASSETS FOR THE YEARS ENDED SEPTEMBER 30, 2025 AND 2024. 1 ORTHOPAEDIC RESEARCH 6300 NORTH RIVER ROAD 700 ROSEMONT IL 60018 366009467 501 (C) (3) 14500 0 GENERAL SUPPORT 1 PART I, LINE 2: THE FACULTY PRACTICE FOUNDATION, INC. AND AFFILIATES DO NOT DISTRIBUTE RESEARCH OR EDUCATIONAL GRANTS TO OTHER ORGANIZATIONS. THE FUNDS NOTED IN PART II REFLECT DONATIONS MADE BY THE FACULTY PRACTICE FOUNDATION, INC. AND AFFILIATES TO QUALIFIED 501 (C) (3) ORGANIZATIONS. ALL DONATIONS ARE SUBJECT TO REVIEW AND APPROVAL BY THE INDIVIDUAL PRACTICE ADMINISTRATION. X X X X 1 1 0 0 0 1 0 1 0 CHADI TANNOURY MD PHYSICIAN - ORTHO 1374354 0 0 0 1710 0 29672 0 31654 0 1437390 0 0 0 XINNING LI MD PHYSICIAN - ORTHO 1205144 0 0 0 125499 0 36572 0 31670 0 1398885 0 0 0 TONY TANNOURY MD PROFESSOR/PHYSICIAN - ORTHO 1205642 0 0 0 4858 0 40022 0 90439 0 1340961 0 0 0 WILLIAM CREEVY MD PRESIDENT - FPF, PROF/PHYS - ORTHO 1025490 0 189140 0 12287 0 40022 0 31583 0 1298522 0 0 0 ANTHONY HOLLENBERG MD FORMER PRES/TREAS/DIR-EMF 371206 494427 0 277200 18987 45464 0 0 11081 5614 401274 822705 0 0 JAMES HOLSAPPLE MD PRESIDENT/DIRECTOR - NEUROSURG 1018017 0 0 0 10628 0 40022 0 22608 0 1091275 0 0 0 PAUL TORNETTA MD PRES/TREAS/CLERK/DIR - ORTHO 1000469 0 0 0 7110 0 40022 0 11513 0 1059114 0 0 0 GREGORY GRILLONE MD PRES/DIR - OTO 916285 0 0 0 9045 0 40022 0 25940 0 991292 0 0 0 ROBERT VINCI MD FORMER PRES/CLERK/DIR - CHF 72642 0 0 0 879750 0 9006 0 24803 0 986201 0 0 0 MINH-TAM TRUONG MD PRES/TREAS/CLERK/DIR - RAD ONC 829116 0 0 0 2895 0 40022 0 46932 0 918965 0 0 0 JORGE SOTO MD PRESIDENT/DIRECTOR - RADIO 828243 0 0 0 4120 0 40022 0 26432 0 898817 0 0 0 ANDREW STEIN MD PHYSICIAN - ORTHO 762461 0 0 0 5704 0 40022 0 90116 0 898303 0 0 0 ALIK FARBER MD PRES/TREAS/CLERK/DIR - CT,PS,SA,GS 791440 0 0 0 4248 0 40022 0 38177 0 873887 0 0 0 STEPHEN CHRISTIANSEN MD PRES/TREAS/CLERK/DIR - EYE 789181 0 0 0 7141 0 40022 0 24535 0 860879 0 0 0 RAFAEL ORTEGA MD PRES/TREAS/CLERK/DIR - ANES 762066 0 0 0 6819 0 40022 0 26112 0 835019 0 0 0 TOBY CHAI MD PRES/TREAS/CLERK/DIR - URO 754336 0 0 0 5636 0 40022 0 25788 0 825782 0 0 0 DAVID BECK SCHEDULE O DISCLOSURE 0 535782 0 133875 0 60553 0 24150 0 33865 0 788225 0 0 DAVID GREER MD REHAB,PRS/TRS/CLK/DR-NEUR 676255 0 0 0 3292 0 40022 0 34917 0 754486 0 0 0 CHRISTIAN ARBELAEZ MD MPH PRES/TREAS/CLERK/DIR - ER 594162 0 0 0 1516 0 40022 0 78614 0 714314 0 0 0 ELIJAH PAINTSIL MD PRES/TREAS/CLERK/DIR - CHF 650000 0 0 0 48195 0 0 0 5954 0 704149 0 0 0 DAVID HENDERSON MD PRES/TREAS/CLERK/DIR - PSYCH 612198 0 0 0 4617 0 40022 0 32741 0 689578 0 0 0 JENNIFER TSENG MD FMR PRS/TRS/CLK/DR-CT,PS,SA,GS 0 0 0 0 680570 0 0 0 0 0 680570 0 0 0 KATHARINE WHITE MD PRESIDENT/DIRECTOR - OBGYN 586828 0 0 0 1503 0 40022 0 29690 0 658043 0 0 0 SUSHRUT WAIKAR MD MPH PRES/TRES/DIR - EMF (UNTIL 9/25) 494100 0 0 0 1259 0 40022 0 93115 0 628496 0 0 0 JACOB PIETER NOORDZIJ MD CLERK - OTO 422290 0 112016 0 1959 0 40022 0 29715 0 606002 0 0 0 CHRISTOPHER ANDRY PHD PRES/TREAS/CLERK/DIR - PATH 539263 0 0 0 4003 0 40022 0 22314 0 605602 0 0 0 ILSE CASTRO-ARAGON MD CLERK/DIRECTOR - RADIO 454509 0 0 0 1374 0 40022 0 91082 0 586987 0 0 0 RHODA ALANI MD FORMER PRESIDENT/DIRECTOR - DERM 109915 0 0 0 432249 0 40022 0 3323 0 585509 0 0 0 STEPHEN WILSON MD PRES/TREAS/CLERK/DIR - FAM 452127 0 0 0 1132 0 40022 0 31071 0 524352 0 0 0 ASHVIN PANDE MD DIRECTOR - EMF 448071 0 0 0 1116 0 40022 0 33237 0 522446 0 0 0 JAROSLAW TKACZ MD TREASURER/DIRECTOR - RADIO 401253 0 10004 0 1783 0 40022 0 22340 0 475402 0 0 0 CHRISTINA LAM MD PRESIDENT/DIRECTOR - DERM 388870 0 51707 0 406 0 29672 0 3483 0 474138 0 0 0 GOPALA YADAVALLI MD DIRECTOR - EMF 318073 0 0 0 773 0 37242 0 91560 0 447648 0 0 0 PAUL HENDESSI MD DIRECTOR - OBGYN 346278 0 0 0 3066 0 39963 0 34552 0 423859 0 0 0 MANJU SUBRAMANIAN MD DIRECTOR - EYE 358153 0 0 0 861 0 40022 0 3601 0 402637 0 0 0 CLAUDIA HOCHBERG MD DIRECTOR - EMF 359778 0 0 0 0 0 39736 0 2988 0 402502 0 0 0 RONALD IVERSON MD MPH DIRECTOR - OBGYN (UNTIL 11/24) 319203 0 0 0 1411 0 36894 0 19771 0 377279 0 0 0 NICOLE SIEGEL MD DIRECTOR - EYE 340738 0 0 0 350 0 29342 0 2022 0 372452 0 0 0 RANIA BURKE PHD DIRECTOR - EMF 299227 0 0 0 435 0 29510 0 32701 0 361873 0 0 0 SAMANTHA KAPLAN MD DIRECTOR - OBGYN 298297 0 0 0 2054 0 24391 0 35957 0 360699 0 0 0 SUSANNAH ROWE MD DIRECTOR - EYE 267751 0 0 0 1872 0 32167 0 26365 0 328155 0 0 0 PADMASINI KANDADAI MD DIRECTOR - OBGYN 237516 0 0 0 2858 0 26167 0 28037 0 294578 0 0 0 JUSTIN LUI DIRECTOR - EMF 219338 0 0 0 18584 0 18412 0 12808 0 269142 0 0 0 GERALD DENIS PHD DIRECTOR - EMF 215265 0 0 0 1338 0 24822 0 3384 0 244809 0 0 0 ROSHA FORMAN CNM MSN DIRECTOR - OBGYN 171946 0 3900 0 200 0 13949 0 36885 0 226880 0 0 0 MATTHEW NIVISON TREAS/CLK-NEUROSURG, TRS-OTO 0 137522 0 13750 0 16369 0 4950 0 52332 0 224923 0 0 JAMIE LEVY TREASURER/CLERK - DERM 0 136035 0 5386 0 39324 0 12586 0 24634 0 217965 0 0 SHEILA PHICIL FORMER TREASURER/CLERK - NEURO 0 163480 0 0 0 11617 0 5698 0 15251 0 196046 0 0 KETTIE LOUIS DNP DIRECTOR - OBGYN 148452 0 0 0 1728 0 18596 0 21936 0 190712 0 0 0 ANNA PATRUSHEVA TREASURER - OBGYN 0 154077 0 4920 0 10055 0 5564 0 10269 0 184885 0 0 SUSAN BUDNICK MD DIRECTOR - EMF (AS OF 8/25) 152597 0 0 0 121 0 0 0 14673 0 167391 0 0 0 PARVEZ KAZMI FORMER TREASURER - OTO 0 122400 0 0 0 4808 0 0 0 23134 0 150342 0 0 AVIVA LEE-PARRITZ MD FORMER PRESIDENT/DIRECTOR - OBGYN 110360 0 0 0 1214 0 11922 0 2319 0 125815 0 0 0 PART I, LINES 4A-B THE FORMER PRESIDENT/CLERK/DIRECTOR OF CHF RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $879,750 DURING THE YEAR. THE FORMER PRESIDENT/TREASURER/CLERK/DIRECTOR OF CT, PS, SA, & GS RECEIVED A SEVERANCE PAYMENT OF $680,570 DURING THE YEAR. THE FORMER PRESIDENT/DIRECTOR OF DERM RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $430,168 DURING THE YEAR. BOSTON MEDICAL CENTER PROVIDES A SUPPLEMENTAL EXECTUTIVE RETIREMENT PLAN TO CERTAIN EXECUTIVES. AMOUNTS ARE CREDITED TO PARTICIPANTS' ACCOUNTS EACH YEAR. PLAN AMOUNTS ARE SUBJECT TO FORFEITURE AND PAYMENT ONLY IF CERTAIN CONDITIONS ARE MET, AS OUTLINED IN THE PLAN AGREEMENT. AMOUNTS VEST ON SPECIFIED DATES BASED ON CONTINUED 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 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN TO DAVID BECK. DAVID BECK REACHED THE PLAN RETIREMENT AGE AND VESTED 100% IN THE PLAN. IN ADDITION, PURSUANT TO THE TERMS OF THE PLAN, ONCE THE PLAN PARTICIPANT REACHES THE PLAN RETIREMENT AGE, ALL FUTURE CONTRIBUTIONS ARE MADE IN CASH. ACCORDINGLY, THE AMOUNT OF $60,000 WAS PAID IN CASH TO DAVID BECK IN CASH IN 2024. THIS AMOUNT IS REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 6 EMPLOYEES OF THE FACULTY PRACTICE PLANS ARE SUBJECT TO THE PLANS' INDIVIDUAL COMPENSATION POLICIES OR THE COMPENSATION POLICIES OF BOSTON MEDICAL CENTER. BASED ON THESE POLICIES, EMPLOYEES MAY RECEIVE COMPENSATION BASED ON NET EARNINGS OF THE DEPARTMENT. PART I, LINE 7 EMPLOYEES OF THE FACULTY PRACTICE PLANS ARE SUBJECT TO THE PLANS' INDIVIDUAL COMPENSATION POLICIES OR THE COMPENSATION POLICIES OF BOSTON MEDICAL CENTER. BASED ON THESE POLICIES, PHYSICIANS MAY RECEIVE NON-FIXED BONUS PAYMENTS REPORTED ON SCHEDULE J, PART II, COLUMN B(II). LISTED INDIVIDUALS: LISTED INDIVIDUALS RECEIVE COMPENSATION FOR THE SERVICES THEY PROVIDE AS EMPLOYEES. THEY RECEIVE NO COMPENSATION FOR THEIR ROLES AS DIRECTORS, OFFICERS, OR FORMER OFFICERS. FORM 990, PART I, LINE 1 & PART III, LINES 1 THE FACULTY PRACTICE PLANS ("THE PLANS") WERE ESTABLISHED AS NOT-FOR-PROFIT CORPORATIONS OPERATING EXCLUSIVELY FOR THE BENEFIT OF BOSTON MEDICAL CENTER AND BOSTON UNIVERSITY CHOBANIAN & AVEDISIAN SCHOOL OF MEDICINE. 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. THE PLANS PROVIDE AMBULATORY SERVICES RANGING FROM PRIMARY ADULT AND PEDIATRIC CARE TO ADVANCED SPECIALTY CARE; AFFILIATED PHYSICIANS ALSO STAFF THE LARGEST 24 HOUR LEVEL 1 TRAUMA CENTER IN NEW ENGLAND. FORM 990, PART VI, SECTION A, LINE 2 ALL OFFICERS AND DIRECTORS ARE EMPLOYEES OF EITHER THE INDIVIDUAL PRACTICE PLAN, BOSTON UNIVERSITY OR BOSTON MEDICAL CENTER, RELATED ORGANIZATIONS. CERTAIN OFFICERS AND DIRECTORS OF THE PRACTICE PLANS ALSO SERVE AS OFFICERS AND TRUSTEES OF BOSTON MEDICAL CENTER. FORM 990, PART VI, SECTION A, LINE 6 WITH THE EXCEPTION OF THOSE LISTED BELOW, THE SOLE CORPORATE MEMBER OF THE ORGANIZATION IS FACULTY PRACTICE FOUNDATION, INC. BU SURGICAL ASSOCIATES IS THE SOLE CORPORATE MEMBER OF THE FOLLOWING: - BOSTON UNIVERSITY CARDIAC AND THORACIC SURGICAL FOUNDATION, INC. - BOSTON UNIVERSITY GENERAL SURGICAL ASSOCIATES, INC. - BOSTON UNIVERSITY NEUROSURGICAL ASSOCIATES, INC. - BOSTON UNIVERSITY ORTHOPAEDIC SURGICAL ASSOCIATES, INC. - BOSTON UNIVERSITY PLASTIC SURGERY ASSOCIATES, INC. - BOSTON UNIVERSITY MEDICAL CENTER UROLOGISTS, INC. - BUMC OTOLARYNGOLOGIC FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN ACTIONS MUST BE APPROVED BY THE ORGANIZATION'S SOLE CORPORATE MEMBER, AS SET FORTH IN THE BYLAWS, INCLUDING ADOPTION OF THE BUDGET, ANY MERGER, CONSOLIDATION, LIQUIDATION OR DISSOLUTION, ANY CAPITAL TRANSACTION, AND INCURRENCE OF DEBT. 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 BOARD OF EACH PLAN 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 SEPTEMBER 30, 2025 WERE DISTRIBUTED BY THE COMPLIANCE DEPARTMENT. THE CHIEF COMPLIANCE OFFICER OR HIS DESIGNEE QUERIES TRUSTEES, OFFICERS, AND DIRECTORS ON AT LEAST AN ANNUAL BASIS REGARDING RELATIONSHIPS THAT MAY CREATE POTENTIAL CONFLICTS OF INTEREST. THE CHIEF COMPLIANCE OFFICER OR HIS DESIGNEE REVIEWS ALL DISCLOSURES AND DETERMINES WHETHER THERE ARE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE CHIEF COMPLIANCE OFFICER ADVISES THE BOARD OF TRUSTEES AND OFFICERS OF THE CORPORATION ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE COMPOSED OF THE PRESIDENT OF BOSTON MEDICAL CENTER AND THE DEAN OF BOSTON UNIVERSITY CHOBANIAN & AVEDISIAN SCHOOL OF MEDICINE, THE FOUNDATION'S CORPORATE MEMBERS, APPROVES THE COMPENSATION FOR CERTAIN PHYSICIAN EXECUTIVES. A MEETING OF THE COMMITTEE WAS HELD TO REVIEW AND APPROVE THE FY2025 PROPOSED COMPENSATION FOR THE PHYSICIAN EXECUTIVES SERVING AS PRESIDENTS OF THE PLANS. FOR FY2025 THE SALARY OF EACH OF THE PHYSICIAN EXECUTIVES UNDER CONSIDERATION WAS PROVIDED TO THE COMMITTEE. THE COMMITTEE EVALUATED AND RELIED UPON COMPARABLE DATA IN MAKING ITS DECISION. THE COMPARABLE DATA CONSISTED OF COMPENSATION SURVEY INFORMATION FROM THE ASSOCIATION OF AMERICAN MEDICAL COLLEGES FOR EACH SPECIALTY WHERE AVAILABLE, LISTING BOTH THE FIFTIETH AND SEVENTY-FIFTH SALARY PERCENTILES. THE PROPOSED COMPENSATION AS SUBMITTED OR AMENDED BY THE COMMITTEE WAS VOTED UPON BY THE COMMITTEE. THE COMMITTEE'S ASSESSMENT OF THESE CONSIDERATIONS IS CONTAINED IN THE OFFICIAL MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE PLANS DO NOT MAKE THEIR GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE. FORM 990, PART VII, SECTION A SHARED SERVICE AGREEMENT THE PLANS ARE AFFILIATED WITH BOSTON MEDICAL CENTER ("BMC") AND BOSTON UNIVERSITY CHOBANIAN & AVEDISIAN SCHOOL OF MEDICINE ("CHOBANIAN & AVEDISIAN SCHOOL"). THE PLANS EACH ENTERED INTO A COMMON PAYMASTER AGREEMENT WITH BMC AND THE TRUSTEES OF BOSTON UNIVERSITY ("BU"). UNDER THE TERMS OF THEIR PHYSICIAN PRACTICE AGREEMENTS, FACULTY PHYSICIANS AND PRACTITIONERS ("FACULTY MEMBERS") ARE EMPLOYED BY THE INDIVIDUAL PLANS. THE FACULTY MEMBERS SERVE THE BENEFIT OF BOTH BMC (BY PROVIDING CLINICAL SERVICES) AND CHOBANIAN & AVEDISIAN SCHOOL (BY SERVING AS FACULTY MEMBERS OF CHOBANIAN & AVEDISIAN SCHOOL). EACH PLAN, WITH RESPECT TO EACH FACULTY MEMBER THAT THE PLAN EMPLOYS, PAYS BU A PERCENTAGE OF THE FACULTY MEMBER'S SALARY AND REIMBURSEMENT FOR FRINGE BENEFITS AND RELATED PAYMENT FEES. BOSTON UNIVERSITY, AS COMMON PAYMASTER, THEN MAKES SALARY PAYMENTS AND PROVIDES BENEFITS TO FACULTY MEMBERS. THE PLANS ALSO PAY FOR A PORTION OF ADMINISTRATIVE SALARIES AND FRINGE BENEFITS FOR NONPHYSICIAN EMPLOYEES OF BMC, WHO PROVIDE SERVICES TO THEM. FORM 990, PART VII, LINE 17 DAVID BECK IS ASSISTANT CLERK FOR ALL REPORTING ENTITIES EXCEPT EVANS MEDICAL FOUNDATION AND BOSTON REHABILITATION MEDICINE ASSOCIATES, INC. FOR EVANS AND REHAB, HE SERVES AS CLERK. FOR FACULTY PRACTICE FOUNDATION, INC. HE IS A FORMER ASSISTANT CLERK. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER FROM AFFILIATES 4,658,886. BOSTON MEDICAL CENTER ONE BOSTON MEDICAL CENTER PLACE BOSTON MA 02118 043314093 HEALTHCARE MA 501(C)(3) LINE 3 N/A 0 TRUSTEES OF BOSTON UNIVERSITY ONE BOSTON MEDICAL CENTER PLACE BOSTON MA 02115 042103547 EDUCATION MA 501(C)(3) LINE 2 N/A 0 FACULTY PRACTICE FOUNDATION INC ONE BOSTON MEDICAL CENTER PLACE BOSTON MA 02118 043289381 HEALTHCARE MA 501(C)(3) 12B, TYPE 1 N/A 0 0 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 1 1