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Nonprofit · EIN 04-2702169

C H M C ANESTHESIA FOUNDATION INC

Tax-exempt · BOSTON, MA 02115

Financials

$122.4M$127.2M2021$161.2M$146.5M2022$159.8M$152.5M2023$190.8M$158.6M2024
Revenue Expenses · by fiscal year end
Financials of C H M C ANESTHESIA FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$190,841,798$158,622,689$32,219,109$399,223,469$124,788,831$274,434,638
September 30, 2024990$159,785,556$152,531,963$7,253,593$351,127,028$124,414,065$226,712,963
September 30, 2023990$161,222,696$146,502,384$14,720,312$310,453,118$100,322,653$210,130,465
September 30, 2022990 (amended)$122,433,417$127,164,607-$4,731,190$283,048,096$90,095,028$192,953,068
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$1,025,454
Program service revenue
$167,754,650
Investment income
$16,105,046
Net gain from sales of assets
$11,064,603
Other revenue
$5,956,648

Expenses

Grants and similar amounts paid
$453,636
Compensation of officers, directors and key employees
$15,202,514
Other salaries and wages
$83,484,256
Salaries, compensation and benefits (total)
$135,625,195
Professional fundraising fees
$0
Legal fees
$674,759
Occupancy
$493,866
Depreciation
$54,529
Program services (functional)
$152,069,087
Management and general (functional)
$6,553,602

Balance sheet and other

Total assets, start of year
$351,127,028
Total assets, end of year
$399,223,469
Total liabilities, end of year
$124,788,831
Net assets, end of year
$274,434,638
Land, buildings and equipment
$41,603
Publicly traded securities
$180,309,110
Net assets without donor restrictions
$273,568,911
Net assets with donor restrictions
$865,727
Gross unrelated business income
-$12,230
Gross receipts
$234,934,909
Employees
171
Volunteers
0
Year formed
1980
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JOSEPH P CRAVERO MDPRESIDENT/TREASURER
Trustee or director, Officer
54$1,126,002$149,177
JAMES DINARDO MDPHYSICIAN
Highest-paid employee
60$1,041,893$115,311
RICHARD BLUM MDPHYSICIAN
Highest-paid employee
60$930,700$145,340
JEFFREY BURNS MDDIRECTOR (10/24-12/24)
Trustee or director
59$883,684$115,311
RAYMOND DUMONT MDPHYSICIAN
Highest-paid employee
60$844,501$147,752
KEIRA MASON MDPHYSICIAN
Highest-paid employee
60$863,584$107,440
ALFONSO CASTA MDPHYSICIAN
Highest-paid employee
60$865,540$96,049
CHRISTINE GRECO MDDIRECTOR
Trustee or director
60$796,832$148,940
NINA DEUTSCH MDDIRECTOR
Trustee or director
60$793,684$149,100
VIVIANE G NASR MDDIRECTOR
Trustee or director
60$769,332$144,226
KIRSTEN C ODEGARD MDDIRECTOR (10/24-12/24)
Trustee or director
60$751,496$153,519
SULPICIO SORIANO MDFORMER OFFICER
Former
60$769,656$115,628
MARY LANDRIGAN-OSSAR MDDIRECTOR (10/24-12/24)
Trustee or director
60$687,494$172,412
CHINYERE EGBUTA MDDIRECTOR (1/25-9/25)
Trustee or director
60$706,176$139,517
DOUGLAS ATKINSON MDDIRECTOR (1/25-9/25)
Trustee or director
60$690,229$139,787
12 more people on this return
NameTitleHours / weekCompensationOther / benefits
NILESH MEHTA MDDIRECTOR (1/25-9/25)
Trustee or director
60$654,193$147,741
SALLY VITALI MDDIRECTOR (10/24-12/24)
Trustee or director
60$628,583$150,659
MICHAEL L MCMANUS MDDIR (10/24-12/24)/CLERK (1/25-9/25)
Trustee or director, Officer
60$608,133$115,311
ROCCO LANDI MDDIRECTOR (1/25-9/25)
Trustee or director
60$527,419$145,299
MEREDITH VAN DER VELDEN MDDIRECTOR (1/25-9/25)
Trustee or director
60$524,642$139,665
CYNTHIA TUNG MDDIRECTOR
Trustee or director
60$556,418$102,298
JUE WANG MDDIRECTOR (10/24-12/24)
Trustee or director
60$495,550$139,346
ANJALI KOKA MDDIRECTOR
Trustee or director
60$466,365$139,715
SUSAN EKLUND MDDIRECTOR (1/25-9/25)
Trustee or director
60$465,047$117,838
JOHN FIADJOE MDCLERK (10/24-12/24)
Trustee or director, Officer
60$470,715$90,656
PAUL R HICKEY MDFORMER OFFICER
Former
36$210,413$0
PHYSICIANS ORG AT CH INCINSTITUTIONAL TRUSTEE
Institutional trustee
2$0$0
990 for the year ended September 30, 2024: 21 people
NameTitleHours / weekCompensationOther / benefits
Joseph P Cravero MDPresident/Treasurer
Trustee or director, Officer
54$1,106,301$148,128
Adrienne Randolph MDPhysician
Highest-paid employee
60$885,897$179,916
John Fiadjoe MDClerk
Trustee or director, Officer
60$886,147$147,183
Jeffrey Burns MDDirector
Trustee or director
59$898,070$114,762
James Dinardo MDPhysician
Highest-paid employee
60$891,295$114,762
Christine Greco MDDirector
Trustee or director
60$811,042$177,867
Pete Kovatsis MDPhysician
Highest-paid employee
60$795,120$172,805
Constance Houck MDPhysician
Highest-paid employee
60$822,756$114,762
Kirsten C Odegard MDDirector
Trustee or director
60$751,922$184,653
Walid Alrayashi MDPhysician
Highest-paid employee
60$758,769$138,297
Sulpicio Soriano MDFormer Officer
Former
60$721,920$120,642
Viviane G Nasr MDDirector
Trustee or director
60$686,649$138,531
Mary Landrigan-Ossar MDDirector
Trustee or director
60$632,096$180,479
Sally Vitali MDDirector
Trustee or director
60$563,301$162,878
Michael L McManus MDDirector
Trustee or director
60$534,195$114,762
Cynthia Tung MDDirector
Trustee or director
60$496,933$101,619
Anjali Koka MDDirector
Trustee or director
60$426,737$138,666
Jue Wang MDDirector
Trustee or director
60$429,797$124,147
Paul R Hickey MDFormer Officer
Former
36$254,136$90,350
Nina Deutsch MDDirector
Trustee or director
60$221,385$17,655
Physicians Org at CH IncInstitutional Trustee
Institutional trustee
2$0$0
990 for the year ended September 30, 2023: 22 people
NameTitleHours / weekCompensationOther / benefits
Joseph P Cravero MDPresident/Treasurer
Trustee or director, Officer
54$1,000,893$136,177
Adrienne Randolph MDPhysician
Highest-paid employee
60$896,633$157,828
Paul R Hickey MDFormer Officer
Former
36$909,249$100,640
Daniel Kohane MDPhysician
Highest-paid employee
60$777,218$212,856
Monica Kleinman MDPhysician
Highest-paid employee
60$826,840$159,315
Aykut Bilge MDPhysician
Highest-paid employee
60$829,918$136,785
Jeffrey Burns MDDirector
Trustee or director
59$840,087$112,764
Pete Kovatsis MDPhysician
Highest-paid employee
60$773,673$149,326
John Fiadjoe MDClerk
Trustee or director, Officer
60$736,348$135,232
Viviane G Nasr MDDirector
Trustee or director
60$707,358$127,580
Mary Landrigan-Ossar MDDirector
Trustee or director
60$671,666$162,582
Christine Greco MDDirector
Trustee or director
60$661,301$155,754
Kirsten C Odegard MDDirector
Trustee or director
60$653,963$161,459
Soriano Sulpicio MDFormer Officer
Former
60$688,754$105,680
Craig McClain MDDirector (10/22-8/23)
Trustee or director
60$585,552$154,525
Sally Vitali MDDirector
Trustee or director
60$501,596$147,584
Michael L McManus MDDirector
Trustee or director
60$521,396$112,575
Cynthia Tung MDDirector
Trustee or director
60$503,408$92,402
Jue Wang MDDirector
Trustee or director
60$448,819$103,320
Anjali Koka MDDirector
Trustee or director
60$398,409$127,715
Nina Deutsch MDDirector (9/23)
Trustee or director
60$0$0
Physicians Org at CH IncInstitutional Trustee
Institutional trustee
2$0$0
990 for the year ended September 30, 2022: 23 people
NameTitleHours / weekCompensationOther / benefits
Daniel Kohane MDPhysician
Highest-paid employee
60$902,913$180,468
Mark A Rockoff MDPhysician
Highest-paid employee
60$963,749$74,560
Joseph P Cravero MDPresident/Treasurer
Trustee or director, Officer
54$877,782$133,885
Jeffrey Burns MDDirector
Trustee or director
59$851,016$110,097
Pete Kovatsis MDPhysician
Highest-paid employee
60$845,877$87,693
Barry Kussman MDPhysician
Highest-paid employee
60$769,265$116,367
Avinash Shukla MDPhysician
Highest-paid employee
60$751,091$122,359
James A DiNardo MDDirector
Trustee or director
59$741,931$104,519
Soriano Sulpicio MDFormer Officer
Former
60$668,571$119,614
Kirsten C Odegard MDDirector
Trustee or director
60$671,741$105,502
Lynne R Ferrari MDDirector (10/21-1/22)
Trustee or director
59$631,898$104,519
Mary Landrigan-Ossar MDDirector
Trustee or director
60$557,766$139,533
Christine Greco MDDirector
Trustee or director
60$566,629$106,897
Anjali Koka MDDirector
Trustee or director
60$534,608$118,723
Craig McClain MDDirector
Trustee or director
60$500,750$132,189
Michael L McManus MDDirector
Trustee or director
60$518,974$111,283
Viviane G Nasr MDDirector
Trustee or director
60$498,654$125,288
Sally Vitali MDDirector
Trustee or director
60$427,123$145,552
John Fiadjoe MDClerk
Trustee or director, Officer
60$506,964$63,565
Cynthia Tung MDDirector
Trustee or director
60$460,892$70,675
Paul R Hickey MDFormer Officer
Former
36$409,121$99,348
Jue Wang MDDirector
Trustee or director
60$404,912$100,622
Physicians Org at CH IncInstitutional Trustee
Institutional trustee
2$0$0

Address and contacts

Address (IRS master file)
300 LONGWOOD AVE BADER3, BOSTON, MA 02115-5724
Principal officer (990 for 2024)
JOSEPH P CRAVERO MD, 300 LONGWOOD AVENUE BADER3, BOSTON, MA 02115
Signed the 990
JOSEPH P CRAVERO MD, PRESIDENT/TREASURER
Phone
(617) 355-6457
Return prepared by
ERNST & YOUNG US LLP

Mission

THE FOUNDATION OPERATES THE DEPARTMENT OF ANESTHESIA AT BOSTON CHILDREN'S HOSPITAL AND IN COMMUNITIES THROUGHOUT GREATER BOSTON. THE PHYSICIANS AND CRNAS OF THE FOUNDATION PROVIDE ANESTHESIA SERVICES TO PATIENTS AT THE HOSPITAL AND PERFORM ANESTHESIA (SEE SCHEDULE O) RESEARCH ACTIVITIES AS WELL AS LECTURES AND PUBLISH RELATED ARTICLES. THE FOUNDATION ALSO PROVIDES CARE FOR PATIENTS IN NEED OF ANESTHESIOLOGY SERVICES REGARDLESS OF THEIR ABILITY TO PAY.

990 for the year ended September 30, 2025

Program accomplishments

  • THE CHMC ANESTHESIA FOUNDATION, INC. (THE FOUNDATION) PROVIDES ANESTHESIA AND INTENSIVE CARE SERVICES TO THE PATIENTS OF BOSTON CHILDREN'S HOSPITAL AND AT SATELLITE LOCATIONS. THE FOUNDATION MAY CHARGE FOR PATIENT CARE AND OTHER MEDICAL SERVICES, WHERE ANY NET INCOME GENERATED IS USED EXCLUSIVELY FOR THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES FOR WHICH THE FOUNDATION WAS CREATED. THE FOUNDATION ALSO PROVIDES CARE FOR PATIENTS IN NEED OF ANESTHESIA AND INTENSIVE CARE SERVICES, REGARDLESS OF THEIR ABILITY TO PAY, AS WELL AS PROVIDING AND SUPPORTING HOSPITAL AND COMMUNITY BASED SERVICES THAT ARE EITHER UNAVAILABLE OR LIMITED ELSEWHERE IN THE COMMUNITY. DURING THE YEAR ENDED SEPTEMBER 30, 2025, THE FOUNDATION PERFORMED 11,523 AMBULATORY VISITS AND 36,909 SURGICAL CASES. THE (SEE SCHEDULE O) FOUNDATION PROVIDED $3,385,085 IN FREE CARE SERVICES, HAD EXPENDITURES OF $520,958 FOR RESEARCH EFFORTS, AND PROVIDED FUNDING OF $10,224,195 FOR TEACHING OR EDUCATIONAL INITIATIVES FOR THE YEAR ENDED SEPTEMBER 30, 2025.
    Expenses $149,027,705 · grants $453,636 · revenue $157,299,571
  • THE FOUNDATION RECEIVES INCOME FROM BOSTON CHILDREN'S HOSPITAL (THE HOSPITAL) FOR PROVIDING ADMINISTRATION SERVICES. THE PHYSICIANS EMPLOYED BY THE FOUNDATION PERFORM MEDICAL RESEARCH AND TEACHING ACTIVITIES, GIVE LECTURES, PUBLISH RELATED EDUCATIONAL ARTICLES, AND PIONEER MANY DEVELOPMENTS IN THE FIELD. ALL OF THESE ACTIVITIES PLAY A CRITICAL ROLE IN THE TREATMENT AND RECOVERY OF PATIENTS AT THE HOSPITAL AND MAKES POSSIBLE THE SURGICAL ADVANCES FOR WHICH THE HOSPITAL IS RENOWNED.
    Expenses $3,041,382 · revenue $10,455,079

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990 on file
2023September 30, 2024February 17, 2025990 on file

IRS record

EIN
04-2702169
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1981
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$399,223,469
Income (IRS master file)
$234,934,909

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$190,841,798$158,622,689$399,223,469XML
990-TSeptember 2025–––IRS
990September 2024$159,785,556$152,531,963$351,127,028XML
990-TSeptember 2024–––IRS
990September 2023$161,222,696$146,502,384$310,453,118XML
990-TSeptember 2023–––IRS
990September 2022$122,433,417$127,164,607$283,048,096XML
990-TSeptember 2022–––IRS
990September 2021–––IRS
990-TSeptember 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2702169).

Questions about C H M C ANESTHESIA FOUNDATION INC

What is the EIN of C H M C ANESTHESIA FOUNDATION INC?
The employer identification number (EIN) of C H M C ANESTHESIA FOUNDATION INC is 04-2702169.
Is C H M C ANESTHESIA FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
Are donations to C H M C ANESTHESIA FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does C H M C ANESTHESIA FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of C H M C ANESTHESIA FOUNDATION INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did C H M C ANESTHESIA FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of C H M C ANESTHESIA FOUNDATION INC?
The 990 for the year ended September 30, 2025 names JOSEPH P CRAVERO MD.
Who are the officers and directors of C H M C ANESTHESIA FOUNDATION INC?
The 990 for the year ended September 30, 2025 lists 27 people; 26 received compensation from the organization, the highest $1,126,002 (JOSEPH P CRAVERO MD, PRESIDENT/TREASURER).
How much revenue does C H M C ANESTHESIA FOUNDATION INC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $190,841,798, expenses of $158,622,689 and total assets of $399,223,469 at year end.

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