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Nonprofit · EIN 04-3314093

BOSTON MEDICAL CENTER CORPORATION

Tax-exempt · BOSTON, MA 02118

Financials

$2.4B$2.4B2022$2.6B$2.6B2023$3B$3B2024
Revenue Expenses · by fiscal year end
Financials of BOSTON MEDICAL CENTER CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$2,974,938,543$2,970,019,133$4,919,410$3,048,333,186$1,640,883,677$1,407,449,509
September 30, 2024990$2,600,525,380$2,641,501,168-$40,975,788$2,832,076,979$1,438,600,051$1,393,476,928
September 30, 2023990$2,380,282,356$2,418,812,155-$38,529,799$2,632,199,167$1,384,746,661$1,247,452,506
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$36,596,650
Program service revenue
$2,878,026,228
Investment income
$47,203,682
Net rental income
-$1,619,761
Net gain from sales of assets
$29,374,372
Net income from fundraising events
$669,387
Other revenue
$13,111,983

Expenses

Grants and similar amounts paid
$13,272,965
Compensation of officers, directors and key employees
$9,455,933
Other salaries and wages
$813,772,871
Salaries, compensation and benefits (total)
$1,047,439,183
Professional fundraising fees
$0
Legal fees
$2,848,761
Accounting fees
$2,322,559
Occupancy
$33,587,982
Travel
$3,423,818
Depreciation
$110,982,172
Program services (functional)
$2,604,367,832
Management and general (functional)
$355,133,860
Fundraising (functional)
$10,517,441

Balance sheet and other

Total assets, start of year
$2,832,076,979
Total assets, end of year
$3,048,333,186
Total liabilities, end of year
$1,640,883,677
Net assets, end of year
$1,407,449,509
Land, buildings and equipment
$1,031,849,259
Publicly traded securities
$357,811,883
Net assets without donor restrictions
$974,137,142
Net assets with donor restrictions
$433,312,367
Gross unrelated business income
$1,801,627
Gross receipts
$3,540,946,372
Employees
12,148
Volunteers
580
Year formed
1996
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
ALASTAIR BELL MDBMCHS PRESIDENT & CEO/TRUSTEE
Trustee or director, Officer
50$1,919,294$280,079
ANTHONY HOLLENBERG MDPRESIDENT/TRUSTEE
Trustee or director, Officer
50$1,207,284$16,695
JOY BROWNSVP/CHIEF DIGITAL INFO OFFICER
Highest-paid employee
50$959,611$53,519
JOE CAMILLUSSVP/CHIEF OPERATING OFFICER
Highest-paid employee
50$844,176$162,316
DAVID MCANENYSVP/CHIEF MEDICAL OFFICER
Key employee
50$877,850$43,242
LISA KELLY-CROSWELLSVP/CHIEF HR OFFICER
Key employee
50$721,697$119,335
ROBERT BIGGIOSVP/CHIEF SUSTAINABIILTY/RE OFFICER
Highest-paid employee
50$723,680$89,978
JESSE SOUWEINESVP/CTO, TREASURER (THRU 11/12/24)
Officer
50$718,620$71,281
DAVID BECKSVP/CHIEF LEGAL COUNSEL/CLERK
Officer
50$730,210$58,015
NANCY GADENSVP/CNO
Key employee
50$710,127$60,946
SARAH ARBELAEZSVP/HOSPITAL INTEGRATION
Highest-paid employee
50$656,455$84,756
NICOLE FAUCHERPRESIDENT, CLEARWAY HEALTH, LLC
Highest-paid employee
0$661,847$69,429
TERRI NEWSOMFORMER SVP/CFO/TREASURER
Former
0$652,826$9,121
RAVIN DAVIDOFF MDSVP/EXECUTIVE MEDICAL DIRECTOR
Key employee
50$388,184$53,660
ANKUR AGRAWALBMCHS SVP/CFO,TREAS (AS OF 11/12/24)
Officer
50$374,760$3,757
29 more people on this return
NameTitleHours / weekCompensationOther / benefits
MANISHI DESAITRUSTEE
Trustee or director
1$284,472$44,667
MARTHA SAMUELSONCHAIR/TRUSTEE
Trustee or director, Officer
1$0$0
KAREN ANTMAN MDTRUSTEE (THRU 7/1/25)
Trustee or director
1$0$0
ANITA BEKENSTEINTRUSTEE (THRU 5/13/25)
Trustee or director
1$0$0
REV WILLIE BODRICK IITRUSTEE
Trustee or director
1$0$0
MARY BOYDTRUSTEE
Trustee or director
1$0$0
RYAN CARROLLTRUSTEE (THRU 5/13/25)
Trustee or director
1$0$0
NADINE CHAKARTRUSTEE
Trustee or director
1$0$0
ENRIQUE COLBERTTRUSTEE
Trustee or director
1$0$0
TODD COZZENSTRUSTEE
Trustee or director
1$0$0
PIERRE CREMIEUXTRUSTEE
Trustee or director
1$0$0
RANDI CUTLERTRUSTEE (THRU 5/13/25)
Trustee or director
1$0$0
PAUL EGERMANTRUSTEE
Trustee or director
1$0$0
ALIK FARBERTRUSTEE (AS OF 10/2/24)
Trustee or director
1$0$0
GUY FISHTRUSTEE (AS OF 2/11/25)
Trustee or director
1$0$0
VICKI JACKSON MDPHYS-IN-CHIEF/TRUSTEE (AS OF 9/2/25)
Trustee or director
50$0$0
KAREN KAMESTRUSTEE (THRU 5/13/25)
Trustee or director
1$0$0
AZRA KANJITRUSTEE (THRU 5/13/25)
Trustee or director
1$0$0
FRED LOWERYTRUSTEE
Trustee or director
1$0$0
RICHARD MARKSTRUSTEE
Trustee or director
1$0$0
DEVIN MCCOURTYTRUSTEE
Trustee or director
1$0$0
MICHELLE NADOWTRUSTEE
Trustee or director
1$0$0
BISOLA OJIKUTU MDTRUSTEE
Trustee or director
1$0$0
CYNTHIA SIERRATRUSTEE
Trustee or director
1$0$0
PATRICK SMITHTRUSTEE
Trustee or director
1$0$0
TED TRUSCOTTTRUSTEE
Trustee or director
1$0$0
MODDIE TURAYTRUSTEE (AS OF 5/13/25)
Trustee or director
1$0$0
GREGORY WILMOTTRUSTEE (THRU 4/2/25)
Trustee or director
1$0$0
ANDREW YOUNISSTRUSTEE
Trustee or director
1$0$0
990 for the year ended September 30, 2024: 45 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ALASTAIR BELL MDTRUSTEE /INTERIM PRESIDENT(THRU 5/31/24)
Trustee or director, Officer
50$1,769,199$0$180,077
JENNIFER TSENG MDTRUSTEE (THRU 1/1/24)
Trustee or director
1$0$1,156,227$41,056
ANTHONY HOLLENBERG MDTRUSTEE/PRESIDENT (AS OF 5/31/24)
Trustee or director, Officer
50$0$931,987$32,363
TERRI NEWSOMSVP/CFO/TREASURER (THRU 7/1/24)
Officer
50$809,132$0$114,386
JOE CAMILLUSSVP AMBULATORY & PRF SVC
Highest-paid employee
50$760,503$0$138,091
NICOLE FAUCHERPRESIDENT, CLEARWAY HEALTH, LLC
Highest-paid employee
0$798,340$0$67,832
DAVID MCANENYSVP/CHIEF MEDICAL OFFICER
Key employee
50$824,004$0$40,665
NANCY GADENSVP OF CLINICAL OPERATIONS/CNO
Key employee
50$788,987$0$53,276
LISA KELLY-CROSWELLSVP/CHIEF HR OFFICER
Key employee
50$699,041$0$111,820
ARTHUR HARVEYVP/CIO
Highest-paid employee
50$645,941$0$117,202
DAVID BECKSVP/CHIEF LEGAL COUNSEL/CLERK
Officer
50$681,033$0$56,003
ROBERT BIGGIOSVP/CHIEF SUSTAINABILITY/RE OFFICER
Highest-paid employee
50$604,968$0$87,861
JODI LARSONVP, CHIEF QUALITY OFFICER
Highest-paid employee
40$519,212$0$97,876
KATHLEEN E WALSHFORMER PRESIDENT
Former
0$583,594$0$5,611
RAVIN DAVIDOFF MDSVP/EXECUTIVE MEDICAL DIRECTOR
Key employee
50$353,143$0$53,017
MANISHI DESAITRUSTEE
Trustee or director
1$0$291,570$44,175
JESSE SOUWEINETREASURER (07/01/24 - 11/12/24)
Officer
50$184,790$0$9,325
KAREN ANTMAN MDTRUSTEE
Trustee or director
1$0$0$0
ANITA BEKENSTEINTRUSTEE
Trustee or director
1$0$0$0
REV WILLIE BODRICK IITRUSTEE (AS OF 11/7/23)
Trustee or director
1$0$0$0
MARY BOYDTRUSTEE (AS OF 5/14/24)
Trustee or director
1$0$0$0
RYAN CARROLLTRUSTEE
Trustee or director
1$0$0$0
NADINE CHAKARTRUSTEE
Trustee or director
1$0$0$0
ENRIQUE COLBERTTRUSTEE
Trustee or director
1$0$0$0
SANDRA COTTERELLTRUSTEE (THRU 8/21/24)
Trustee or director
1$0$0$0
TODD COZZENSTRUSTEE (AS OF 5/14/24)
Trustee or director
1$0$0$0
PIERRE CREMIEUXTRUSTEE
Trustee or director
1$0$0$0
RANDI CUTLERTRUSTEE
Trustee or director
1$0$0$0
PAUL EGERMANTRUSTEE
Trustee or director
1$0$0$0
RUTH ELLEN FITCHTRUSTEE (THRU 5/14/24)
Trustee or director
1$0$0$0
MELANIE FOLEYTRUSTEE (THRU 5/14/24)
Trustee or director
1$0$0$0
JOHN T HAILERTRUSTEE (THRU 5/14/24)
Trustee or director
1$0$0$0
KAREN KAMESTRUSTEE
Trustee or director
1$0$0$0
AZRA KANJITRUSTEE
Trustee or director
1$0$0$0
FRED LOWERYTRUSTEE
Trustee or director
1$0$0$0
RICHARD MARKSTRUSTEE
Trustee or director
1$0$0$0
DEVIN MCCOURTYTRUSTEE
Trustee or director
1$0$0$0
MICHELLE NADOWTRUSTEE
Trustee or director
1$0$0$0
BISOLA OJIKUTU MDTRUSTEE
Trustee or director
1$0$0$0
MARTHA SAMUELSONTRUSTEE/CHAIR
Trustee or director, Officer
1$0$0$0
CYNTHIA SIERRATRUSTEE
Trustee or director
1$0$0$0
PATRICK SMITHTRUSTEE (AS OF 5/14/24)
Trustee or director
1$0$0$0
TED TRUSCOTTTRUSTEE (AS OF 11/7/23)
Trustee or director
1$0$0$0
GREGORY WILMOTTRUSTEE
Trustee or director
1$0$0$0
ANDREW YOUNISSTRUSTEE
Trustee or director
1$0$0$0
990 for the year ended September 30, 2023: 42 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KATHLEEN E WALSHPRESIDENT/TRUSTEE (THRU 2/28/23)
Trustee or director, Officer
50$2,255,596$0$28,166
ALASTAIR BELL MDINTERIM PRES./TRUSTEE (AS OF 3/1/23)
Trustee or director, Officer
50$1,297,429$0$156,500
NICOLE FAUCHERPRESIDENT, CLEARWAY HEALTH, LLC
Highest-paid employee
0$1,096,458$0$54,562
JENNIFER TSENG MDTRUSTEE
Trustee or director
1$0$1,048,952$38,466
TERRI NEWSOMSVP/CFO/TREASURER
Officer
50$846,135$0$139,712
DAVID MCANENYSVP/CHIEF MEDICAL OFFICER
Key employee
50$839,195$0$27,512
JOE CAMILLUSSVP AMBULATORY & PRF SVC
Highest-paid employee
50$691,417$0$121,464
LISA KELLY-CROSWELLSVP/CHRO
Key employee
50$669,440$0$106,028
DAVID COLEMAN MDTRUSTEE (THRU 11/14/22)
Trustee or director
1$0$725,139$36,895
NANCY GADENSVP OF CLINICAL OPERATIONS/CNO
Key employee
50$635,999$0$104,984
ARTHUR HARVEYVP/CIO
Highest-paid employee
50$622,135$0$110,509
ROBERT BIGGIOSVP/CHIEF SUSTAINABILITY/RE OFFICER
Highest-paid employee
50$589,186$0$120,811
DAVID BECKSVP/CHIEF LEGAL COUNSEL/CL
Officer
50$628,000$0$52,061
PAUL JOSEPH BOUCHERREGISTERED NURSE
Highest-paid employee
40$599,775$0$30,319
NORMAN STEINFORMER SVP CHIEF DEVELOPMENT OFFICER
Former
0$400,000$0$0
MANISHI DESAITRUSTEE
Trustee or director
1$0$287,690$43,622
ANTHONY HOLLENBERG MDTRUSTEE (AS OF 11/14/22)
Trustee or director
1$0$237,740$2,436
KAREN ANTMAN MDTRUSTEE
Trustee or director
1$0$0$0
ANITA BEKENSTEINTRUSTEE
Trustee or director
1$0$0$0
RYAN CARROLLTRUSTEE
Trustee or director
1$0$0$0
NADINE CHAKARTRUSTEE
Trustee or director
1$0$0$0
ENRIQUE COLBERTTRUSTEE
Trustee or director
1$0$0$0
SANDRA COTTERELLTRUSTEE
Trustee or director
1$0$0$0
PIERRE CREMIEUXTRUSTEE
Trustee or director
1$0$0$0
RANDI CUTLERTRUSTEE
Trustee or director
1$0$0$0
PAUL EGERMANTRUSTEE
Trustee or director
1$0$0$0
RUTH ELLEN FITCHTRUSTEE
Trustee or director
1$0$0$0
MELANIE FOLEYTRUSTEE
Trustee or director
1$0$0$0
JOHN T HAILERTRUSTEE
Trustee or director
1$0$0$0
KAREN KAMESTRUSTEE
Trustee or director
1$0$0$0
AZRA KANJITRUSTEE
Trustee or director
1$0$0$0
FRED LOWERYTRUSTEE
Trustee or director
1$0$0$0
RICHARD MARKSTRUSTEE
Trustee or director
1$0$0$0
DEVIN MCCOURTYTRUSTEE
Trustee or director
1$0$0$0
MICHELLE NADOWTRUSTEE
Trustee or director
1$0$0$0
BISOLA OJIKUTU MDTRUSTEE
Trustee or director
1$0$0$0
MARTHA SAMUELSONTRUSTEE/CHAIR
Trustee or director
1$0$0$0
CYNTHIA SIERRATRUSTEE
Trustee or director
1$0$0$0
MAROA VELEZTRUSTEE (THRU 9/22/23)
Trustee or director
1$0$0$0
REV LIZ WALKERTRUSTEE (THRU 9/28/23)
Trustee or director
1$0$0$0
GREGORY WILMOTTRUSTEE
Trustee or director
1$0$0$0
ANDREW YOUNISSTRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1 BOSTON MEDICAL CTR PL, BOSTON, MA 02118-2908
In care of
% KAREN G FINE
Principal officer (990 for 2024)
ANTHONY HOLLENBERG MD, ONE BOSTON MEDICAL CENTER PLACE, BOSTON, MA 02118
Signed the 990
ANKUR AGRAWAL, SVP/CFO/TREASURER
Phone
(617) 414-1628
Return prepared by
KPMG LLP

Mission

BOSTON MEDICAL CENTER'S MISSION IS TO PROVIDE CONSISTENTLY EXCELLENT AND ACCESSIBLE HEALTH SERVICES TO ALL IN NEED OF CARE REGARDLESS OF STATUS AND ABILITY TO PAY.

990 for the year ended September 30, 2025

Program accomplishments

  • THE STATUTE THAT AUTHORIZED THE CREATION OF BOSTON MEDICAL CENTER REQUIRES IT TO SERVE ALL POPULATIONS. BMC IS A PRIVATE, NOT-FOR-PROFIT, 654-LICENSED BED, URBAN ACADEMIC MEDICAL CENTER WHICH EMPHASIZES COMMUNITY-BASED, ACCESSIBLE CARE AND THE MISSION TO PROVIDE CONSISTENTLY ACCESSIBLE HEALTH SERVICES TO ALL IN NEED OF CARE REGARDLESS OF STATUS AND ABILITY TO PAY. BMC IS THE LARGEST SAFETY NET HOSPITAL IN NEW ENGLAND AND PROVIDES A FULL SPECTRUM OF PEDIATRIC AND ADULT CARE SERVICES FROM PRIMARY TO FAMILY MEDICINE TO ADVANCED SPECIALTY CARE. BOSTON MEDICAL CENTER IS DEDICATED TO PROVIDING ACCESSIBLE HEALTH CARE. NEARLY 75 PERCENT OF OUR PATIENTS COME FROM UNDERSERVED POPULATIONS, SUCH AS THE LOW-INCOME AND ELDERLY, WHO RELY ON GOVERNMENT PAYERS SUCH AS MEDICAID, THE HEALTH SAFETY NET, AND MEDICARE FOR THEIR COVERAGE; 27 PERCENT DO NOT SPEAK ENGLISH AS A PRIMARY LANGUAGE. TO ADDRESS THE HEALTH NEEDS OF DIVERSE PATIENT POPULATIONS, BMC PROVIDES A WIDE RANGE OF SERVICES BEYOND THE TRADITIONAL MEDICAL MODEL. THESE PROGRAMS, INCLUDING PATIENT NAVIGATION AND A FOOD PANTRY, HELP TO REDUCE BARRIERS TO ACCESS TO HEALTH SERVICES AND ELIMINATE DISPARITIES IN HEALTH CARE AMONG VARIOUS POPULATIONS THAT BMC SERVES.
    Expenses $2,591,094,867 · revenue $2,876,427,389
  • BOSTON MEDICAL CENTER PROVIDES RESEARCH SUPPORT TO ORGANIZATIONS WITHIN THE U.S. AS WELL AS FOREIGN ORGANIZATIONS.
    Expenses $13,272,965 · grants $13,272,965

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 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
04-3314093
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E22Z)
Assets (IRS master file)
$3,048,333,186
Income (IRS master file)
$3,540,946,372

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$2,974,938,543$2,970,019,133$3,048,333,186XML
990-TSeptember 2025–––IRS
990September 2024$2,600,525,380$2,641,501,168$2,832,076,979XML
990-TSeptember 2024–––IRS
990September 2023$2,380,282,356$2,418,812,155$2,632,199,167XML
990-TSeptember 2023–––IRS
990September 2022$2,141,060,598$2,128,452,782$2,456,189,580IRS
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 04-3314093).

Questions about BOSTON MEDICAL CENTER CORPORATION

What is the EIN of BOSTON MEDICAL CENTER CORPORATION?
The employer identification number (EIN) of BOSTON MEDICAL CENTER CORPORATION is 04-3314093.
Is BOSTON MEDICAL CENTER CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to BOSTON MEDICAL CENTER CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BOSTON MEDICAL CENTER CORPORATION 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 BOSTON MEDICAL CENTER CORPORATION 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 BOSTON MEDICAL CENTER CORPORATION 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 BOSTON MEDICAL CENTER CORPORATION?
The 990 for the year ended September 30, 2025 names ANTHONY HOLLENBERG MD.
Who are the officers and directors of BOSTON MEDICAL CENTER CORPORATION?
The 990 for the year ended September 30, 2025 lists 44 people; 16 received compensation from the organization, the highest $1,919,294 (ALASTAIR BELL MD, BMCHS PRESIDENT & CEO/TRUSTEE).
How much revenue does BOSTON MEDICAL CENTER CORPORATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $2,974,938,543, expenses of $2,970,019,133 and total assets of $3,048,333,186 at year end.

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