BOSTON MEDICAL CENTER CORPORATION Charity Report

Public IRS 990 nonprofit record

BOSTON MEDICAL CENTER CORPORATION

EIN 04-3314093 · Health Care (E22Z)

What they do

BOSTON MEDICAL CENTERS MISSION is to PROVIDE CONSISTENTLY EXCELLENT and ACCESSIBLE HEALTH SERVICES to ALL IN NEED of CARE REGARDLESS of STATUS and ABILITY to PAY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders45 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

89.54%of revenue went to mission work88.2% of expenses · Program services

0.38%of revenue went to fundraising0.4% of expenses

$88.79spent for every $100 of revenueRevenue covered expenses this year.

11.66%of revenue went to management and office costs11.5% of expenses

$1.15in assets for every $1 spent this yearSome assets cannot be spent right away.

0.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,949,276 for ALASTAIR BELL MD (TRUSTEE /INTERIM PRESIDENT(THRU 5/31/24)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,600,525,380

Mission workProgram services$2,328,555,63989.54% of revenue88.2% of expenses

ManagementOffice and general costs$303,154,91911.66% of revenue11.5% of expenses

FundraisingAsking for donations$9,790,6100.38% of revenue0.4% of expenses

Total expenses$2,641,501,168101.58% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 88.2% mission · 11.5% management · 0.4% fundraisingTotal expenses: 101.58% of revenue

2022Expense mix: 88.4% mission · 11.0% management · 0.6% fundraisingTotal expenses: 101.62% of revenue

2021Expense mix: 89.1% mission · 10.4% management · 0.5% fundraisingTotal expenses: 99.41% of revenue

2020Expense mix: 94.1% mission · 5.5% management · 0.4% fundraisingTotal expenses: 97.01% of revenue

2019Expense mix: 93.7% mission · 5.9% management · 0.4% fundraisingTotal expenses: 94.76% of revenue

2018Expense mix: 90.7% mission · 8.9% management · 0.3% fundraisingTotal expenses: 94.43% of revenue

2017Expense mix: 90.3% mission · 9.4% management · 0.4% fundraisingTotal expenses: 94.86% of revenue

2016Expense mix: 89.9% mission · 9.7% management · 0.4% fundraisingTotal expenses: 94.18% of revenue

Money in and money out

Revenue$2,974,938,543

Expenses$2,641,501,168

Annual surplus $333,437,375 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,328,555,639 · 88.2% of expenses

Management and office costs$303,154,919 · 11.5% of expenses

Fundraising$9,790,610 · 0.4% of expenses

See all reported dollar amounts

Revenue$2,974,938,543

Expenses$2,641,501,168

Assets$3,048,333,186

Income$3,540,946,372

Contributions$26,484,573

Mission work (program services)$2,328,555,639

Fundraising$9,790,610

Grants given$218,993,366

Average grant$246,337

Management and general$303,154,919

Executive compensation (total)$12,371,466

Stocks and bonds$392,400,231

Accounting fees$1,752,089

Investing fees$344,678

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ALASTAIR BELL MDTRUSTEE /INTERIM PRESIDENT(THRU 5/31/24) · 50 hrs/week $1,949,276Base $1,769,199 · Other $180,077

TERRI NEWSOMSVP/CFO/TREASURER (THRU 7/1/24) · 50 hrs/week $923,518Base $809,132 · Other $114,386

JOE CAMILLUSSVP AMBULATORY & PRF SVC · 50 hrs/week $898,594Base $760,503 · Other $138,091

NICOLE FAUCHERPRESIDENT, CLEARWAY HEALTH, LLC $866,172Base $798,340 · Other $67,832

DAVID MCANENYSVP/CHIEF MEDICAL OFFICER · 50 hrs/week $864,669Base $824,004 · Other $40,665

NANCY GADENSVP OF CLINICAL OPERATIONS/CNO · 50 hrs/week $842,263Base $788,987 · Other $53,276

LISA KELLY-CROSWELLSVP/CHIEF HR OFFICER · 50 hrs/week $810,861Base $699,041 · Other $111,820

ARTHUR HARVEYVP/CIO · 50 hrs/week $763,143Base $645,941 · Other $117,202

DAVID BECKSVP/CHIEF LEGAL COUNSEL/CLERK · 50 hrs/week $737,036Base $681,033 · Other $56,003

ROBERT BIGGIOSVP/CHIEF SUSTAINABILITY/RE OFFICER · 50 hrs/week $692,829Base $604,968 · Other $87,861

JODI LARSONVP, CHIEF QUALITY OFFICER · 40 hrs/week $617,088Base $519,212 · Other $97,876

KATHLEEN E WALSHFORMER PRESIDENT $589,205Base $583,594 · Other $5,611

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (45)

ALASTAIR BELL MDTRUSTEE /INTERIM PRESIDENT(THRU 5/31/24)

TERRI NEWSOMSVP/CFO/TREASURER (THRU 7/1/24)

JOE CAMILLUSSVP AMBULATORY & PRF SVC

NICOLE FAUCHERPRESIDENT, CLEARWAY HEALTH, LLC

DAVID MCANENYSVP/CHIEF MEDICAL OFFICER

NANCY GADENSVP OF CLINICAL OPERATIONS/CNO

LISA KELLY-CROSWELLSVP/CHIEF HR OFFICER

ARTHUR HARVEYVP/CIO

DAVID BECKSVP/CHIEF LEGAL COUNSEL/CLERK

ROBERT BIGGIOSVP/CHIEF SUSTAINABILITY/RE OFFICER

JODI LARSONVP, CHIEF QUALITY OFFICER

KATHLEEN E WALSHFORMER PRESIDENT

RAVIN DAVIDOFF MDSVP/EXECUTIVE MEDICAL DIRECTOR

JESSE SOUWEINETREASURER (07/01/24 - 11/12/24)

MANISHI DESAITRUSTEE

JENNIFER TSENG MDTRUSTEE (THRU 1/1/24)

ANTHONY HOLLENBERG MDTRUSTEE/PRESIDENT (AS OF 5/31/24)

TODD COZZENSTRUSTEE (AS OF 5/14/24)

SANDRA COTTERELLTRUSTEE (THRU 8/21/24)

PATRICK SMITHTRUSTEE (AS OF 5/14/24)

PAUL EGERMANTRUSTEE

PIERRE CREMIEUXTRUSTEE

RANDI CUTLERTRUSTEE

REV WILLIE BODRICK IITRUSTEE (AS OF 11/7/23)

RICHARD MARKSTRUSTEE

RUTH ELLEN FITCHTRUSTEE (THRU 5/14/24)

TED TRUSCOTTTRUSTEE (AS OF 11/7/23)

RYAN CARROLLTRUSTEE

GREGORY WILMOTTRUSTEE

ANDREW YOUNISSTRUSTEE

ANITA BEKENSTEINTRUSTEE

AZRA KANJITRUSTEE

BISOLA OJIKUTU MDTRUSTEE

CYNTHIA SIERRATRUSTEE

DEVIN MCCOURTYTRUSTEE

ENRIQUE COLBERTTRUSTEE

FRED LOWERYTRUSTEE

NADINE CHAKARTRUSTEE

JOHN T HAILERTRUSTEE (THRU 5/14/24)

KAREN KAMESTRUSTEE

KAREN ANTMAN MDTRUSTEE

MARTHA SAMUELSONTRUSTEE/CHAIR

MARY BOYDTRUSTEE (AS OF 5/14/24)

MELANIE FOLEYTRUSTEE (THRU 5/14/24)

MICHELLE NADOWTRUSTEE

About this charity

Recognized since: January 1996
Location: 1 BOSTON MEDICAL CTR PL, BOSTON, MA 02118-2908
County: Suffolk
In care of: % KAREN G FINE
Primary officer: DAVID BECK, SVP/CHIEF LEGAL COUNSEL/CLERK

How to reach them

WebsiteVisit the charity’s website Phone(617) 414-1628 Officer phone(617) 638-7653

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Health Care (E22Z)
IRS tax category: General Medical and Surgical Hospitals
Grant-giving organization: Yes