C H M C Anesthesia Foundation Inc
96% goes to programs $0 to raise $100 Strong reserves
C H M C Anesthesia Foundation Inc is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1981, with $159,785,556 in FY2023 revenue. CharityIndex grades it A, and it directs about 96% of spending to programs.
401 Park Dr Ste 601, Boston, MA, 02215 EIN 04-2702169 Since 1981
Revenue (FY2023)
$159.8M
▼ 0.9% vs prior year
Diseases median: $206K
Expenses (FY2023)
$152.5M
Net assets
$226.7M
Employees
173
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating96% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For C H M C Anesthesia Foundation Inc: 96% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For C H M C Anesthesia Foundation Inc: 18 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For C H M C Anesthesia Foundation Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For C H M C Anesthesia Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The foundation provides medical research and educational services to boston (see schedule o) children's hospital and harvard medical school. the foundation also provides care for patients in massachusetts 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.
What they do
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.
Contact & location
- Address
- 401 Park Dr Ste 601, Boston, MA, 02215
- City
- Boston
- State
- Massachusetts
- Subcategory
- Other Diseases
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $127.5M (FY2017) to $159.8M (FY2023) across 7 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $124.4MNet assets $226.7M
Operating margin
4.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$351.1M
Total liabilities
$124.4M
Net assets
$226.7M
Salaries & benefits
$127.8M
84% of expenses
Board members
13
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $159,785,556▼0.9% | $152,531,963▲4.1% | $226,712,963▲7.9% | $351,127,028▲13.1% | 990 |
| 2022 | $161,222,696▲31.7% | $146,502,384▲15.2% | $210,130,465▲8.9% | $310,453,118▲9.7% | 990 |
| 2021 | $122,433,417▼21.8% | $127,164,607▼4.2% | $192,953,068▲39.8% | $283,048,096▲16.9% | 990 |
| 2020 | $156,600,655▲43.6% | $132,784,752▲15.9% | $137,973,129▲43.9% | $242,134,032▲21.7% | 990 |
| 2019 | $109,016,130▼10.9% | $114,595,815▲1.3% | $95,859,346▼34.1% | $198,916,474▼19.4% | 990 |
| 2018 | $122,408,253▼4.0% | $113,079,119▲2.2% | $145,513,682▼10.3% | $246,822,839▼1.4% | 990 |
| 2017 | $127,498,371 | $110,612,347 | $162,153,974 | $250,364,630 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Joseph P Cravero Md — $1,106,301 (0.73% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joseph P Cravero Md | President/treasurer | 54 | $1,106,301 |
| Jeffrey Burns Md | Director | 59 | $898,070 |
| James Dinardo Md | Physician | 60 | $891,295 |
| John Fiadjoe Md | Clerk | 60 | $886,147 |
| Adrienne Randolph Md | Physician | 60 | $885,897 |
| Constance Houck Md | Physician | 60 | $822,756 |
| Christine Greco Md | Director | 60 | $811,042 |
| Pete Kovatsis Md | Physician | 60 | $795,120 |
| Walid Alrayashi Md | Physician | 60 | $758,769 |
| Kirsten C Odegard Md | Director | 60 | $751,922 |
| Sulpicio Soriano Md | Former Officer | 60 | $721,920 |
| Viviane G Nasr Md | Director | 60 | $686,649 |
| Mary Landrigan-ossar Md | Director | 60 | $632,096 |
| Sally Vitali Md | Director | 60 | $563,301 |
| Michael L Mcmanus Md | Director | 60 | $534,195 |
| Cynthia Tung Md | Director | 60 | $496,933 |
| Jue Wang Md | Director | 60 | $429,797 |
| Anjali Koka Md | Director | 60 | $426,737 |
| Paul R Hickey Md | Former Officer | 36 | $254,136 |
| Nina Deutsch Md | Director | 60 | $221,385 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Chmc Surgical Foundation Inc | Physician Services | $624,779 |
| 3edge Asset Management | Investment Advisor | $491,344 |
| The Wagner Law Group | Legal Services | $215,500 |
| Capfinancial Partners LLC | Pension Advisor | $166,387 |
Grants made · $1.6M in FY2023
1 grant totaling $1.6M in FY2023. All grants made by C H M C Anesthesia Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Childrens Hospital Corporation | General support | $1,577,770 |
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Compare C H M C Anesthesia Foundation Inc
Frequently asked questions
- Is C H M C Anesthesia Foundation Inc a legitimate nonprofit?
- Yes. C H M C Anesthesia Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2702169, based in Boston, Massachusetts. Donations are tax-deductible.
- What is C H M C Anesthesia Foundation Inc's EIN?
- C H M C Anesthesia Foundation Inc's Employer Identification Number (EIN) is 04-2702169.
- How much revenue does C H M C Anesthesia Foundation Inc report?
- C H M C Anesthesia Foundation Inc reported $159,785,556 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of C H M C Anesthesia Foundation Inc's spending goes to programs?
- C H M C Anesthesia Foundation Inc spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does C H M C Anesthesia Foundation Inc have?
- CharityIndex grades C H M C Anesthesia Foundation Inc A, based on program efficiency and fundraising cost.
- How much does C H M C Anesthesia Foundation Inc's highest-paid employee make?
- The highest reported compensation on C H M C Anesthesia Foundation Inc's latest Form 990 is $1,106,301, paid to Joseph P Cravero Md (President/treasurer).
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Data for C H M C Anesthesia Foundation Inc (EIN 04-2702169) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.