Faculty Practice Foundation Inc
501(c)(3) Donations tax-deductible
83% goes to programs Declining revenue
Faculty Practice Foundation Inc is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1997, with $138,261,106 in FY2024 revenue. CharityIndex grades it B+, and it directs about 83% of spending to programs.
1 Boston Medical Ctr Pl, Boston, MA, 02118 EIN 90-0513372 Since 1997
Revenue (FY2024)
$138.3M
▼ 74.2% vs prior year
Expenses (FY2024)
$145.6M
Net assets
$61.6M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
AProgram efficiency40% of the rating83% to programs
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 Faculty Practice Foundation Inc: 83% to programs earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating5 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 Faculty Practice Foundation Inc: 5 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Faculty Practice Foundation Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Faculty Practice Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o.
Contact & location
- Address
- 1 Boston Medical Ctr Pl, Boston, MA, 02118
- City
- Boston
- State
- Massachusetts
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $356.4M (FY2013) to $138.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $33.6MNet assets $61.6M
Operating margin
-5.3%
Spent more than it raised in the latest fiscal year.
Total assets
$95.2M
Total liabilities
$33.6M
Net assets
$61.6M
Salaries & benefits
$117.9M
81% of expenses
Board members
36
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $138,261,106▼74.2% | $145,600,548▼73.2% | $61,646,757▼4.5% | $95,216,696▼3.0% | 990 |
| 2023 | $535,490,887▲7.6% | $542,670,652▲8.9% | $64,584,024▼0.4% | $98,195,940▲8.1% | 990 |
| 2022 | $497,729,032▲8.6% | $498,398,370▲7.9% | $64,846,054▲3.6% | $90,825,842▼5.7% | 990 |
| 2021 | $458,441,179▲11.9% | $462,120,994▲12.9% | $62,583,743▼6.7% | $96,334,026▼0.2% | 990 |
| 2020 | $409,797,243▼2.1% | $409,334,309▼3.4% | $67,042,735▲14.2% | $96,526,141▲11.5% | 990 |
| 2019 | $418,419,019▲7.3% | $423,811,179▲8.5% | $58,700,803▼7.6% | $86,602,730▼2.3% | 990 |
| 2018 | $389,978,596▲0.3% | $390,788,354▲0.1% | $63,524,200▲1.4% | $88,623,010▼0.8% | 990 |
| 2017 | $388,751,730▼0.7% | $390,544,612▲1.4% | $62,642,265▲1.1% | $89,336,627▼3.8% | 990 |
| 2016 | $391,640,274▲7.0% | $385,328,428▲5.7% | $61,939,693▲8.5% | $92,839,577▲3.5% | 990 |
| 2015 | $365,892,079▲7.8% | $364,447,505▲5.7% | $57,083,687▲6.2% | $89,663,744▲5.4% | 990 |
| 2014 | $339,414,756▼4.8% | $344,678,587▼2.0% | $53,741,348▼9.2% | $85,075,907▲7.5% | 990 |
| 2013 | $356,403,547 | $351,869,044▲2.9% | $59,154,644▲12.3% | $79,166,680▲4.2% | 990 |
| 2012 | — | $342,101,292▲3.0% | $52,660,852▲4.5% | $75,975,238▲2.2% | 990 |
| 2011 | — | $332,127,352 | $50,413,327▼11.6% | $74,311,871▼1.0% | 990 |
| 2010 | — | $332,191,904▲17.1% | $57,043,500▲3.8% | $75,090,269▼8.9% | 990 |
| 2009 | — | $283,729,621 | $54,962,098 | $82,410,801 | 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 (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alik Farber Md | Pres/treas/clerk/dir - Ct,ps,sa,gs | 50 | — |
| Anna Patrusheva | Treasurer - Obgyn | 50 | — |
| Ashvin Pande Md | Director - Emf | 50 | — |
| Carol Boudrot | Clerk - Obgyn | 50 | — |
| Christian Arbelaez Md Mph | Pres/treas/clerk/dir - Er | 50 | — |
| Christina Lam Md | President/director - Derm | 50 | — |
| Christopher Andry Phd | Pres/treas/clerk/dir - Path | 50 | — |
| Claudia Hochberg Md | Director - Emf | 50 | — |
| David Beck | Schedule O Disclosure | 5 | — |
| David Greer Md | Prs/trs/dr-rehab,prs/trs/clk/dr-neur | 50 | — |
| David Henderson Md | Pres/treas/clerk/dir - Psych | 50 | — |
| Elijah Paintsil Md | Pres/treas/clerk/dir - Chf | 50 | — |
| Gerald Denis Md | Director - Emf | 50 | — |
| Gopala Yadavalli Md | Director - Emf | 50 | — |
| Gregory Grillone Md | Pres/dir - Oto | 50 | — |
| Ilse Castro-aragon Md | Clerk/director - Radio | 50 | — |
| Jacob Pieter Noordzij Md | Clerk - Oto | 50 | — |
| James Holsapple Md | President/director - Neurosurg | 50 | — |
| Jamie Levy | Treasurer/clerk - Derm | 50 | — |
| Jaroslaw Tkacz Md | Treasurer/director - Radio | 50 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Bay Cove Human Services | Physician Services | $5,014,146 |
| Italian Home For Children Inc | Physician Services | $2,364,507 |
| Bu Payroll Processing | Payroll Services | $1,404,113 |
| Northeast Anesthesia Consulting LLC | Physician Services | $699,767 |
| Children's Hospital of Boston | Physician Services | $677,191 |
Grants made · $1.0M in FY2024
1 grant totaling $1.0M in FY2024. All grants made by Faculty Practice Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Trustees of Boston University | Career development professorship | $1,000,000 |
Frequently asked questions
- Is Faculty Practice Foundation Inc a legitimate nonprofit?
- Yes. Faculty Practice Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 90-0513372, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Faculty Practice Foundation Inc's EIN?
- Faculty Practice Foundation Inc's Employer Identification Number (EIN) is 90-0513372.
- How much revenue does Faculty Practice Foundation Inc report?
- Faculty Practice Foundation Inc reported $138,261,106 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Faculty Practice Foundation Inc's spending goes to programs?
- Faculty Practice Foundation Inc spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Faculty Practice Foundation Inc have?
- CharityIndex grades Faculty Practice Foundation Inc B+, based on program efficiency and fundraising cost.
- How much does Faculty Practice Foundation Inc's highest-paid employee make?
- The highest reported compensation on Faculty Practice Foundation Inc's latest Form 990 is $0, paid to Alik Farber Md (Pres/treas/clerk/dir - Ct,ps,sa,gs).
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Data for Faculty Practice Foundation Inc (EIN 90-0513372) 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.