Overview
What is Tufts Shared Services Inc?
Tufts Shared Services Inc is a 70-employee strong nonprofit organization based in Boston, Massachusetts. Established in 1968, its mission is to coordinate and enhance the health and educational services offered at Tufts Medical Center, a hospital, and Tufts University, a university. The organization primarily operates as a utility supply center, supplying electricity, steam, water and sewer, natural gas, and managing central utilities for most of the buildings between Harrison Avenue and Tremont Street for both institutions. They are responsible for their respective shares of the utilities and have a principal location in the Dental Building basement, along with operating the utility supply center at the Tufts Human Nutrition Research Center. Tufts Shared Services Inc provides weekend, nighttime, and holiday coverage for Tufts Medical Center.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Tufts Shared Services Inc has received a Three-Star rating from Charity Navigator, indicating a satisfactory performance in accountability and finance. The overall score is based solely on its accountability and finance metrics, which received a solid score of 79. This suggests that the organization is effectively managing its financial resources and maintaining transparency in its operations.
The organization excels in several key areas, including having a comprehensive audit and oversight committee, a well-structured conflict of interest policy, and a whistleblower policy. Additionally, the financial ratios indicate that the nonprofit is effectively utilizing its resources, with a program expense ratio of 95.45%, meaning that a significant portion of its expenses directly supports its programs.
While the score reflects strong financial management, the limited scope of data suggests that additional information on program outcomes and overall impact might be beneficial for a fuller evaluation. Nonetheless, Tufts Shared Services Inc demonstrates commendable practices in financial accountability and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Tufts Shared Services Inc legitimate?
Tufts Shared Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tufts Shared Services 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: $477,858
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,193,901
For more financial information, click here
What is the mission statement of Tufts Shared Services Inc?
Tufts Shared Services Inc was established in 1968 to facilitate and enhance the healthcare and educational services offered by Tufts Medical Center and Tufts University. The organization's primary role is to coordinate and supplement the utilities and related services for these institutions, ensuring the smooth operation of their buildings and facilities.
The USC, as it is known, provides essential utility services, including electricity, steam, water, sewer, and natural gas, to most of Tufts Medical Center and Tufts University buildings situated between Harrison Avenue and Tremont Street. Each institution is responsible for covering the costs of their respective utilities.
The USC's principal location is situated in the basement of the Dental Building, and it also manages the utility supply center at the Tufts Human Nutrition Research Center. Furthermore, it provides coverage for nights, weekends, and holidays at Tufts Medical Center.
In summary, Tufts Shared Services Inc was founded to collaborate with Tufts Medical Center and Tufts University in coordinating and enhancing their utility services and related activities, ensuring the optimal functioning of their facilities.
Who is the CEO of Tufts Shared Services Inc?
James Foley is the Board Member of Tufts Shared Services Inc.
What is the revenue of Tufts Shared Services Inc?
Tufts Shared Services Inc's revenue in 2022 was $36,251,859.
Who are the executives of Tufts Shared Services Inc and what are their salaries?
The average compensation at Tufts Shared Services Inc during 2022 was $81,025. There are 70 employees at Tufts Shared Services Inc.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $336,780
- Other: $67,254
- Compensation: $0
- Related: $258,176
- Other: $40,953
- Compensation: $0
- Related: $456,852
- Other: $45,954
- Compensation: $0
- Related: $702,069
- Other: $33,246
- Compensation: $0
- Related: $706,225
- Other: $97,527
- Compensation: $0
- Related: $220,227
- Other: $12,811
- Compensation: $0
- Related: $709,772
- Other: $112,053
- Compensation: $0
- Related: $367,674
- Other: $15,683
- Compensation: $229,017
- Related: $0
- Other: $22,576
- Compensation: $218,855
- Related: $0
- Other: $7,016
- Compensation: $167,865
- Related: $0
- Other: $8,748
- Compensation: $131,148
- Related: $0
- Other: $33,527
- Compensation: $129,412
- Related: $0
- Other: $33,527
- Compensation: $128,210
- Related: $0
- Other: $36,590
- Compensation: $110,719
- Related: $0
- Other: $8,748
- Compensation: $0
- Related: $404,000
- Other: $0
Where can I find the form 990 for Tufts Shared Services Inc?
Tufts Shared Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tufts Shared Services Inc
Tufts Shared Services Inc, established in 1968, is an organization dedicated to coordinating and enhancing the health and educational services offered at Tufts Medical Center, a renowned hospital, and Tufts University, a prestigious university. By supplementing these institutions' resources, Tufts Shared Services ensures optimal functioning of their facilities between Harrison Avenue and Tremont Street.
The organization plays a pivotal role in managing utility services within the Tufts Medical Center and Tufts University campus. Tufts Shared Services is responsible for the utility-related needs of both institutions, including electricity, steam, water and sewer, and natural gas. Its primary location resides in the Dental Building's basement, with additional operations at the Tufts Human Nutrition Research Center's Utility Supply Center. Tufts Shared Services extends its support beyond regular business hours, providing coverage for nights, weekends, and holidays at Tufts Medical Center.
Furthermore, Tufts Shared Services assumes the management of central electricity, steam, water and sewer, and natural gas for these institutions. With its commitment to providing uninterrupted services, Tufts Shared Services operates as an essential partner to Tufts Medical Center and Tufts University, ensuring their continued growth and development in their respective fields.
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Impact
October, 2024
Tufts Shared Services Inc. plays a crucial role in enhancing the operational efficiency of Tufts Medical Center and Tufts University. Established in 1968, the organization focuses on coordinating and supplementing health and educational services within these institutions. Its primary function through the Utility Supply Center (USC) involves managing essential utility services, including electricity, steam, water, sewer, and natural gas, which underpin the daily operations of both entities.
Located in the basement of the Dental Building, the USC supports a significant number of buildings between Harrison Avenue and Tremont Street. By ensuring reliable utility supply, Tufts Shared Services contributes to the seamless functioning of medical services and educational activities, thus fostering an environment conducive to health care and academic excellence. Moreover, it offers critical support during nights, weekends, and holidays, ensuring that Tufts Medical Center operates without interruption, even during off-peak hours.
The impact of Tufts Shared Services extends beyond logistics; it enhances patient care, facilitates research, and supports educational programs, thereby reinforcing the commitment of Tufts Medical Center and Tufts University to serve the community effectively and responsibly.
This information is meant to be a general summary of Tufts Shared Services 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: $27,785
- Program Service Revenue: $36,057,908
- Gross Receipts: $36,251,859
Assets and Liabilities:
- Total Assets: $29,593,995
- Total Liabilities: $3,683,474
- Net Assets: $25,910,521
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSTITUTIONAL USE
Revenue
$20,574,677
RENTAL AND PARKING FACILITIES
Revenue
$15,128,897
OUTSIDE USERS & AFFILIATES
Revenue
$354,334
Organization Details
Founding Year
1968
Phone
(617) 636-5402Principal Officer
James Foley
Main Address
171 HARRISON AVENUE BOX 821, BOSTON, MA, 02111
NTEE Category
Code: E220 - Health
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