Nonprofit · EIN 04-3289381
FACULTY PRACTICE FOUNDATION INC
Tax-exempt · BOSTON, MA 02118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $23,083,096 | $33,979,155 | -$10,896,059 | $95,791,618 | $84,569,960 | $11,221,658 |
| September 30, 2024 | 990 (amended) | $4,442,400 | $6,952,489 | -$2,510,089 | $106,090,760 | $95,874,735 | $10,216,025 |
| June 30, 2024 | 990 | $21,153,557 | $29,751,850 | -$8,598,293 | $105,586,370 | $94,078,282 | $11,508,088 |
| June 30, 2023 | 990 | $16,064,448 | $29,679,789 | -$13,615,341 | $106,995,174 | $96,557,213 | $10,437,961 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $22,342,141
- Investment income
- $740,955
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $21,050,662
- Salaries, compensation and benefits (total)
- $25,852,864
- Professional fundraising fees
- $0
- Occupancy
- $345,827
- Travel
- $2,939
- Depreciation
- $3,024
- Program services (functional)
- $24,622,774
- Management and general (functional)
- $9,356,381
Balance sheet and other
- Total assets, start of year
- $106,090,760
- Total assets, end of year
- $95,791,618
- Total liabilities, end of year
- $84,569,960
- Net assets, end of year
- $11,221,658
- Land, buildings and equipment
- $6,797
- Publicly traded securities
- $8,097,699
- Net assets without donor restrictions
- $11,221,658
- Gross receipts
- $23,083,096
- Employees
- 0
- Volunteers
- 16
- Year formed
- 1994
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM CREEVY MD | TRUSTEE/PRESIDENT Trustee or director, Officer | 32 | $0 | $1,226,917 | $71,605 |
| ANTHONY HOLLENBERG MD | TRUSTEE Trustee or director | 1 | $0 | $1,207,284 | $16,695 |
| KAREN ANTMAN MD | TRUSTEE (UNTIL 7/1/25) Trustee or director | 1 | $0 | $1,097,104 | $54,996 |
| GREGORY GRILLONE MD | TREASURER/TRUSTEE Trustee or director, Officer | 1 | $0 | $925,330 | $65,962 |
| ALIK FARBER MD | TRUSTEE Trustee or director | 1 | $0 | $795,688 | $78,199 |
| STEPHEN CHRISTIANSEN MD | FORMER TRUSTEE/TREASURER Former | 0 | $0 | $796,322 | $64,557 |
| JENNIFER TSENG MD | FORMER TRUSTEE/TREASURER Former | 0 | $0 | $680,570 | $0 |
| SUSHRUT WAIKAR MD MPH | TRUSTEE (UNTIL 9/2/25) Trustee or director | 1 | $0 | $495,359 | $133,137 |
| JACOB PIETER NOORDZIJ MD | TRUSTEE Trustee or director | 1 | $0 | $536,265 | $69,737 |
| CHRISTIAN ARBELAEZ MD MPH | TRUSTEE Trustee or director | 1 | $0 | $543,266 | $62,336 |
| RICHARD SUGARMAN | CLERK Officer | 1 | $0 | $441,743 | $79,206 |
| MANJU SUBRAMANIAN MD | TRUSTEE Trustee or director | 1 | $0 | $359,014 | $43,623 |
| RENA CONTI | TRUSTEE Trustee or director | 1 | $0 | $301,062 | $47,450 |
| MANISHI DESAI MD | TRUSTEE Trustee or director | 1 | $0 | $284,472 | $44,667 |
| HEE-YOUNG PARK PHD | TRUSTEE (AS OF 7/1/25) Trustee or director | 1 | $0 | $275,964 | $43,776 |
5 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AVIVA LEE-PARRITZ MD | FORMER TRUSTEE/CLERK Former | 0 | $0 | $111,574 | $14,241 |
| THAMARAH CREVECOEUR CNM | TRUSTEE Trustee or director | 1 | $0 | $67,423 | $2,496 |
| MONICA NOETHER PHD | TRUSTEE/CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MEGHAN DIERKS MD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| VICKI JACKSON MD MPH | TRUSTEE (AS OF 9/2/25) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN ANTMAN MD | TRUSTEE Trustee or director | 4 | $0 |
| CHRISTIAN ARBELAEZ MD MPH | TRUSTEE Trustee or director | 4 | $0 |
| ANITA CARSON | TRUSTEE (UNTIL 9/25/24) Trustee or director | 4 | $0 |
| RENA CONTI PHD | TRUSTEE (AS OF 9/25/24) Trustee or director | 4 | $0 |
| WILLIAM CREEVY MD | TRUSTEE/PRESIDENT Trustee or director, Officer | 32 | $0 |
| THAMARAH CREVECOEUR CNM | TRUSTEE Trustee or director | 4 | $0 |
| MANISHI DESAI MD | TRUSTEE Trustee or director | 4 | $0 |
| MEGHAN DIERKS MD | TRUSTEE Trustee or director | 4 | $0 |
| ALIK FARBER MD | TRUSTEE Trustee or director | 4 | $0 |
| GREGORY GRILLONE MD | TREASURER, TRUSTEE Trustee or director, Officer | 4 | $0 |
| ANTHONY HOLLENBERG MD | TRUSTEE Trustee or director | 4 | $0 |
| MONICA NOETHER PHD | TRUSTEE/CHAIR Trustee or director, Officer | 4 | $0 |
| JACOB PIETER NOORDZIJ MD | TRUSTEE Trustee or director | 4 | $0 |
| MANJU SUBRAMANIAN MD | TRUSTEE Trustee or director | 4 | $0 |
| SUSHRUT WAIKAR MD MPH | TRUSTEE Trustee or director | 4 | $0 |
| RICHARD SUGARMAN | CLERK Officer | 4 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ALASTAIR BELL MD | TRUSTEE (UNTIL 6/1/24) Trustee or director | 4 | $0 | $1,769,199 | $33,452 |
| DAVID COLEMAN MD | FORMER TRUSTEE/CLERK Former | 0 | $0 | $1,652,000 | $0 |
| WILLIAM CREEVY MD | TRUSTEE/PRESIDENT Trustee or director, Officer | 32 | $0 | $1,161,864 | $68,523 |
| JENNIFER TSENG MD | TRUSTEE/TREASURER (UNTIL 1/24) Trustee or director, Officer | 4 | $0 | $1,156,227 | $41,056 |
| KAREN ANTMAN MD | TRUSTEE Trustee or director | 2 | $0 | $1,057,855 | $38,767 |
| ANTHONY HOLLENBERG MD | TREASURER (2/24-6/24), TRUSTEE Trustee or director, Officer | 4 | $0 | $931,987 | $32,363 |
| GREGORY GRILLONE MD | TREASURER (AS OF 6/24), TRUSTEE Trustee or director, Officer | 4 | $0 | $861,413 | $63,161 |
| STEPHEN CHRISTIANSEN MD | FORMER TRUSTEE/TREASURER Former | 4 | $0 | $799,580 | $61,765 |
| ROBERT VINCI MD | TRUSTEE (UNTIL 8/23) Trustee or director | 4 | $0 | $712,756 | $62,356 |
| AVIVA LEE-PARRITZ MD | FORMER TRUSTEE/CLERK Former | 4 | $0 | $705,489 | $59,645 |
| DAVID BECK | FORMER ASSISTANT CLERK Former | 0 | $0 | $681,033 | $56,003 |
| CHRISTIAN ARBELAEZ MD MPH | TRUSTEE Trustee or director | 4 | $0 | $604,972 | $78,573 |
| ALIK FARBER MD | TRUSTEE (AS OF 1/24) Trustee or director | 4 | $0 | $584,896 | $71,705 |
| SUSHRUT WAIKAR MD MPH | TRUSTEE (AS OF 6/24) Trustee or director | 4 | $0 | $428,640 | $125,576 |
| JACOB PIETER NOORDZIJ MD | TRUSTEE Trustee or director | 4 | $0 | $457,320 | $72,807 |
| RICHARD SUGARMAN | CLERK Officer | 4 | $0 | $369,426 | $76,044 |
| ANITA CARSON | TRUSTEE Trustee or director | 4 | $0 | $384,475 | $56,663 |
| MANJU SUBRAMANIAN MD | TRUSTEE Trustee or director | 4 | $0 | $341,182 | $41,856 |
| MANISHI DESAI MD | TRUSTEE Trustee or director | 4 | $0 | $291,570 | $44,175 |
| THAMARAH CREVECOEUR CNM | TRUSTEE Trustee or director | 4 | $0 | $67,560 | $2,496 |
| MEGHAN DIERKS MD | TRUSTEE Trustee or director | 4 | $0 | $0 | $0 |
| MONICA NOETHER PHD | TRUSTEE/CHAIR Trustee or director | 4 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHLEEN WALSH | TRUSTEE (UNTIL 3/23) Trustee or director | 4 | $0 | $2,255,596 | $28,166 |
| ALASTAIR BELL | TRUSTEE (AS OF 3/23) Trustee or director | 4 | $0 | $1,297,429 | $29,000 |
| WILLIAM CREEVY MD | TRUSTEE/PRESIDENT Trustee or director, Officer | 32 | $0 | $1,158,958 | $64,195 |
| JENNIFER TSENG MD | TRUSTEE/TREASURER Trustee or director, Officer | 4 | $0 | $1,048,952 | $38,466 |
| KAREN ANTMAN MD | TRUSTEE Trustee or director | 2 | $0 | $1,011,766 | $35,869 |
| GREGORY GRILLONE MD | TRUSTEE Trustee or director | 4 | $0 | $776,238 | $59,068 |
| STEPHEN CHRISTIANSEN MD | FORMER TRUSTEE/TREASURER Former | 4 | $0 | $714,429 | $57,750 |
| DAVID COLEMAN MD | TRUSTEE/CLERK (UNTIL 11/22) Trustee or director, Officer | 4 | $0 | $725,139 | $36,895 |
| AVIVA LEE-PARRITZ MD | TRUSTEE (UNTIL 5/23) Trustee or director | 4 | $0 | $646,192 | $55,815 |
| DAVID BECK | FORMER ASSISTANT CLERK Former | 0 | $0 | $628,000 | $52,061 |
| ROBERT VINCI MD | TRUSTEE Trustee or director | 4 | $0 | $589,263 | $58,566 |
| CHRISTIAN ARBELAEZ MD MPH | TRUSTEE (AS OF 6/23) Trustee or director | 4 | $0 | $569,213 | $18,037 |
| JACOB PIETER NOORDZIJ MD | TRUSTEE Trustee or director | 4 | $0 | $407,539 | $96,218 |
| ANITA CARSON | TRUSTEE Trustee or director | 4 | $0 | $365,909 | $52,811 |
| MANJU SUBRAMANIAN MD | TRUSTEE Trustee or director | 4 | $0 | $346,136 | $37,604 |
| RICHARD SUGARMAN | CLERK Officer | 4 | $0 | $301,816 | $68,289 |
| MANISHI DESAI MD | TRUSTEE Trustee or director | 4 | $0 | $287,690 | $43,622 |
| ANTHONY HOLLENBERG MD | TRUSTEE (AS OF 11/22) Trustee or director | 4 | $0 | $237,740 | $2,436 |
| THAMARAH CREVECOEUR CNM | TRUSTEE Trustee or director | 4 | $0 | $103,391 | $24,890 |
| GENE LINDSEY MD | TRUSTEE (UNTIL 5/23) Trustee or director | 4 | $0 | $0 | $0 |
| MONICA NOETHER PHD | TRUSTEE/CHAIR Trustee or director | 4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 BOSTON MEDICAL CTR PL, BOSTON, MA 02118-2908
- In care of
- % MARY BETH MOLLOY
- Principal officer (990 for 2024)
- WILLIAM R CREEVY MD, ONE BOSTON MEDICAL CENTER PLACE, BOSTON, MA 02118
- Signed the 990
- WILLIAM R CREEVY MD, PRESIDENT/TRUSTEE
- Phone
- (617) 638-8000
- Website
- WWW.BUMC.BU.EDU/BUMG
- Return prepared by
- KPMG LLP
Mission
SEE SCHEDULE O.
Program accomplishments
- SEE SCHEDULE O.Expenses $24,622,774 · revenue $22,342,141
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 04-3289381
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Group exemption; Supporting organization of unknown type
- Exempt since
- 1997
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Group exemption
- 8094 (25 member organizations)
- Assets (IRS master file)
- $95,791,618
- Income (IRS master file)
- $23,083,096
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $23,083,096 | $33,979,155 | $95,791,618 | XML |
| 990 | September 2024 | $4,442,400 | $6,952,489 | $106,090,760 | XML |
| 990 | June 2024 | $21,153,557 | $29,751,850 | $105,586,370 | IRS |
| 990 | June 2023 | $16,064,448 | $29,679,789 | $106,995,174 | XML |
| 990 | June 2022 | $13,798,440 | $35,064,017 | $97,416,333 | IRS |
| 990 | June 2021 | $45,984,440 | $47,615,907 | $98,365,059 | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 04-3289381).
Questions about FACULTY PRACTICE FOUNDATION INC
- What is the EIN of FACULTY PRACTICE FOUNDATION INC?
- The employer identification number (EIN) of FACULTY PRACTICE FOUNDATION INC is 04-3289381.
- Is FACULTY PRACTICE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to FACULTY PRACTICE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Group exemption; Supporting organization of unknown type).
- Which annual return does FACULTY PRACTICE 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 FACULTY PRACTICE FOUNDATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FACULTY PRACTICE 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 FACULTY PRACTICE FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names WILLIAM R CREEVY MD.
- Who are the officers and directors of FACULTY PRACTICE FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does FACULTY PRACTICE FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $23,083,096, expenses of $33,979,155 and total assets of $95,791,618 at year end.
Organizations in its group exemption (25)
- FACULTY PRACTICE FOUNDATION INC EIN 90-0513372 · BOSTON, MA · last filed 990 for 2025
- CHILD HEALTH FOUNDATION OF BOSTON INC EIN 04-2472758 · BOSTON, MA
- BOSTON UNIVERSITY EYE ASSOCIATES INC EIN 04-3137333 · BOSTON, MA
- BOSTON UNIVERSITY FAMILY MEDICINE INC EIN 04-3354353 · BOSTON, MA
- BUMC OTOLARYNGOLOGIC FOUNDATION INC EIN 04-3156471 · BOSTON, MA
- BOSTON UNIVERSITY DERMATOLOGY SUPPORT SERVICES II INC EIN 04-3452874 · BOSTON, MA
- BOSTON UNIVERSITY NEUROSURGICAL ASSOCIATES INC EIN 04-3296068 · BOSTON, MA
- BOSTON UNIVERSITY NEUROLOGY ASSOCIATES INC EIN 04-3428462 · BOSTON, MA
- EVANS MEDICAL FOUNDATION INC EIN 51-0172171 · BOSTON, MA
- BOSTON UNIVERSITY MEDICAL CENTER UROLOGISTS INC EIN 04-3286643 · BOSTON, MA
- BOSTON EMERGENCY PHYSICIAN FOUNDATION INC EIN 04-3286156 · BOSTON, MA
- BOSTON REHABILITATION MEDICINE ASSOCIATES INC EIN 04-3286641 · BOSTON, MA
- BOSTON UNIVERSITY DERMATOLOGY INC EIN 04-3335166 · BOSTON, MA
- BOSTON UNIVERSITY MEDICAL CENTER ANESTHESIOLOGISTS INC EIN 04-3276227 · BOSTON, MA
- BOSTON UNIVERSITY SURGICAL ASSOCIATES INC EIN 04-3291148 · BOSTON, MA
- BOSTON UNIVERSITY MEDICAL CENTER RADIOLOGISTS INC EIN 04-3283573 · BOSTON, MA
- BOSTON UNIVERSITY GENERAL SURGICAL ASSOCIATES INC EIN 04-3265008 · BOSTON, MA
- BOSTON UNIVERSITY OBSTETRICS AND GYNECOLOGY FOUNDATION INC EIN 04-3067465 · BOSTON, MA
- BOSTON UNIVERSITY PSYCHIATRY ASSOCIATES INC EIN 04-3355267 · BOSTON, MA
- BOSTON UNIVERSITY ORTHOPAEDIC SURGICAL ASSOCIATES INC EIN 04-3354360 · BOSTON, MA
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- DANA-FARBER CANCER INSTITUTE EIN 04-2263040 · last filed 990 for 2025
- CHILDRENS HOSPITAL CORPORATION EIN 04-2774441 · last filed 990 for 2025
- TRUSTEES OF BOSTON UNIVERSITY EIN 04-2103547 · last filed 990-N for 2024
- NORTHEASTERN UNIVERSITY EIN 04-1679980 · last filed 990-N for 2025
- BOSTON MEDICAL CENTER CORPORATION EIN 04-3314093 · last filed 990 for 2025
- COMMONWEALTH CARE ALLIANCE INC EIN 04-3756900 · last filed 990 for 2024
- HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION EIN 04-3070522 · last filed 990 for 2025