Overview
What is Faculty Practice Foundation Inc?
The Faculty Practice Foundation is a non-profit organization located unspecified, committed to enhancing overall health and well-being by fostering innovation and collaboration in the realms of patient care, education, and research. Simultaneously, the Foundation prioritizes the professional and personal growth of its members. Although the specifics of their schedule are not provided, their mission remains centered on improving health and supporting their team.
Official website here: www.bmc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Faculty Practice Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in their accountability and financial management practices. While the organization scored well in areas such as financial statements auditing and oversight, they lack independent board members and have a high liabilities to assets ratio, which raises concerns about financial stability.
The foundation demonstrates strengths in its conflict of interest and whistleblower policies, showcasing a commitment to ethical governance. However, the absence of independent board members suggests a potential lack of oversight that could impact decision-making processes and transparency. Additionally, the failure to post key tax documents on their website indicates a need for better accessibility of information to stakeholders.
Despite these limitations, the organization maintains a strong program expense ratio, suggesting that a significant portion of their funds is directed towards their programs. This focus on programmatic spending is a positive aspect that reflects their commitment to fulfilling their mission, although improving governance practices would enhance overall trust and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Faculty Practice Foundation Inc legitimate?
Faculty Practice Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faculty Practice Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,791,309
For more financial information, click here
Official website here: www.bmc.org
What is the mission statement of Faculty Practice Foundation Inc?
The Faculty Practice Foundation is a non-profit organization dedicated to enhancing overall health and well-being for individuals. By fostering innovation and collaboration in the realms of patient care, education, and research, the Foundation aims to make a positive impact on health. Additionally, the organization prioritizes the professional and personal growth of its members. In essence, the Faculty Practice Foundation serves as a driving force for advancements in healthcare and the betterment of its members.
Official website here: www.bmc.org
Who is the CEO of Faculty Practice Foundation Inc?
William R Creevy Md is the Principal Officer of Faculty Practice Foundation Inc.
Official website here: www.bmc.org
What is the revenue of Faculty Practice Foundation Inc?
Faculty Practice Foundation Inc's revenue in 2022 was $13,798,440.
Official website here: www.bmc.org
Who are the executives of Faculty Practice Foundation Inc and what are their salaries?
There 19 volunteers at Faculty Practice Foundation Inc.
Here are 21 key members and their salaries:
- Compensation: $0
- Related: $2,513,421
- Other: $43,856
- Compensation: $0
- Related: $1,166,669
- Other: $28,053
- Compensation: $0
- Related: $992,645
- Other: $3,746
- Compensation: $0
- Related: $924,659
- Other: $1,121
- Compensation: $0
- Related: $828,346
- Other: $2,429
- Compensation: $0
- Related: $685,008
- Other: $22,662
- Compensation: $0
- Related: $680,800
- Other: $23,145
- Compensation: $0
- Related: $572,092
- Other: $23,527
- Compensation: $0
- Related: $466,492
- Other: $98,056
- Compensation: $0
- Related: $471,977
- Other: $28,747
- Compensation: $0
- Related: $358,395
- Other: $20,294
- Compensation: $0
- Related: $308,401
- Other: $63,518
- Compensation: $0
- Related: $326,978
- Other: $40,239
- Compensation: $0
- Related: $307,423
- Other: $26,025
- Compensation: $0
- Related: $229,474
- Other: $66,852
- Compensation: $0
- Related: $242,561
- Other: $48,379
- Compensation: $0
- Related: $113,205
- Other: $21,182
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $271,084
- Other: $21,662
- Compensation: $0
- Related: $641,355
- Other: $58,909
Official website here: www.bmc.org
Where can I find the form 990 for Faculty Practice Foundation Inc?
Faculty Practice Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bmc.org
Learn more at the official website: www.bmc.org
Mission Statement of Faculty Practice Foundation Inc
The Faculty Practice Foundation, a renowned non-profit organization, is dedicated to enhancing overall health and well-being for all through groundbreaking innovation and teamwork in patient care, education, and research. Committed to its members' professional and personal growth, the Foundation stands at the forefront of advancements in healthcare.
In the realm of patient care, the Faculty Practice Foundation paves the way for progress by implementing creative solutions and fostering collaboration among its network of healthcare professionals. By combining expertise and resources, the organization delivers top-tier care that sets new standards in the industry.
The Foundation's commitment to education extends beyond the classroom, ensuring that its members remain at the cutting edge of their fields. Through continuous learning and skill development, the organization empowers its members to provide the best possible care to their patients. Furthermore, the Faculty Practice Foundation invests in the next generation of healthcare professionals, nurturing their growth and encouraging them to make a positive impact in the world of medicine.
As a beacon of innovation and collaboration, the Faculty Practice Foundation is not only dedicated to improving the health of its patients but also to the overall well-being of its members. By championing professional development and fostering a supportive community, the organization lays the groundwork for long-term success and lasting change in the field of healthcare.
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Impact
October, 2024
Faculty Practice Foundation Inc significantly impacts the health landscape by spearheading innovative approaches to patient care, education, and research. Its commitment to collaboration enhances the effectiveness of healthcare delivery, ensuring that a broader community benefits from streamlined services and progressive practices. By prioritizing the well-being of its members, the Foundation fosters a supportive environment that empowers healthcare professionals to excel in their fields. This comprehensive focus not only elevates individual health outcomes but also contributes to the overall improvement of public health in the Boston area and beyond.
This information is meant to be a general summary of Faculty Practice Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $163,183
- Program Service Revenue: $12,646,506
- Gross Receipts: $13,798,440
Assets and Liabilities:
- Total Assets: $97,416,333
- Total Liabilities: $88,256,462
- Net Assets: $9,159,871
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSTITUTIONAL SUPPORT
Revenue
$11,350,851
CAPITATION INCOME
Revenue
$1,295,655
Organization Details
Founding Year
1994
Phone
(617) 638-8000Principal Officer
William R Creevy Md
Main Address
ONE BOSTON MEDICAL CENTER PLACE, BOSTON, MA, 02118
Website
www.bmc.orgNTEE Category
Code: E31 - Health
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