Overview
What is Bmc Health System Inc?
Bmc Health System Inc, established in 2013, serves as a vital nonprofit organization in Boston, Massachusetts, with a mission to support Boston Medical Center Corporation and its affiliates. By providing governance, long-term strategic planning, and budgetary and financial assistance, Bmc Health System, Inc. ensures the continued success and growth of these organizations, all with a shared mission to support Boston Medical Center Corporation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Bmc Health System Inc has earned a Three-Star rating from Charity Navigator, reflecting a score of 79%. This rating is primarily based on accountability and finance metrics, indicating a strong commitment to transparency and responsible financial practices. The organization demonstrates a robust governance structure, featuring a majority of independent board members and a comprehensive set of policies that ensure ethical oversight.
The nonprofit has achieved high scores in various accountability categories, including a perfect program expense ratio of 100%. This suggests that the organization allocates all its resources towards its mission-related programs, showcasing effective usage of funds. Additionally, the presence of an Audit and Oversight Committee and various listed policies further enhance its credibility and operational integrity.
While the overall rating is solid, it is important to note that this score is derived solely from the accountability and finance beacon. There may be other aspects of organizational performance that are not captured in this rating, which could provide a more comprehensive view of Bmc Health System Inc’s impact and effectiveness in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Bmc Health System Inc legitimate?
Bmc Health System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bmc Health System 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: $95,534,821
For more financial information, click here
What is the mission statement of Bmc Health System Inc?
Bmc Health System Inc's mission revolves around providing essential support for organizations that share the same mission of bolstering a specific medical center. Through governance, long-term strategic planning, and budgetary and financial assistance, Bmc Health System Inc has been instrumental in aiding various affiliates since its inception in 2013. The organization's primary role is to strengthen the mission of these entities and ensure the continued growth and success of the medical center corporation they support.
Who is the CEO of Bmc Health System Inc?
Kathleen E Walsh is the President/Trustee of Bmc Health System Inc.
What is the revenue of Bmc Health System Inc?
Bmc Health System Inc's revenue in 2022 was $234,822,561.
Who are the executives of Bmc Health System Inc and what are their salaries?
There 17 volunteers at Bmc Health System Inc.
Here are 20 key members and their salaries:
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- Related: $2,513,421
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- Related: $934,731
- Other: $129,464
- Compensation: $0
- Related: $641,355
- Other: $58,909
Where can I find the form 990 for Bmc Health System Inc?
Bmc Health System Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bmc Health System Inc
Bmc Health System Inc, a Mission-Driven Organization, Assume the Role of Governance and Financial Support
Bmc Health System Inc serves as the governing body and strategic planner for Boston Medical Center Corporation and its affiliates, all sharing a common mission to support Boston Medical Center. Since its inception in 2013, this nonprofit organization has been dedicated to providing essential governance, long-term planning, and budgetary and financial assistance for these affiliated entities.
Bmc Health System Inc: Ensuring Boston Medical Center's Continued Success through Strategic Planning and Financial Guidance
Bmc Health System Inc is a crucial partner in ensuring the continued success and growth of Boston Medical Center Corporation and its associates. By assuming the role of governance, strategic planning, and budgetary support, this organization enables these entities to maintain their commitment to the shared mission of supporting Boston Medical Center. With its mission-aligned focus, Bmc Health System Inc plays an integral role in facilitating the advancement and development of the affiliated organizations.
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Impact
October, 2024
BMC Health System Inc plays a crucial role in shaping the governance and strategic direction of the Boston Medical Center and its affiliates. Since its establishment in 2013, it has focused on long-term strategic planning, ensuring that the Boston Medical Center can effectively serve its community by providing high-quality healthcare services. The organization offers budgetary and financial assistance, enabling robust financial management and resource allocation that supports the Medical Center's mission.
By overseeing the governance structure and facilitating strategic initiatives, BMC Health System Inc ensures that Boston Medical Center operates efficiently while adapting to the evolving needs of patients and the healthcare landscape. This impact is especially significant in a diverse urban environment like Boston, where access to comprehensive and effective healthcare services is essential for community well-being. Through its efforts, BMC Health System Inc helps to promote better health outcomes for the population it serves, fulfilling its mission to support and enhance the capabilities of the Boston Medical Center and its affiliates.
This information is meant to be a general summary of Bmc Health System 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: $37,582
- Program Service Revenue: $1,077,530
- Gross Receipts: $234,822,561
Assets and Liabilities:
- Total Assets: $36,520,974
- Total Liabilities: $28,637,797
- Net Assets: $7,883,177
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$1,077,530
Organization Details
Founding Year
2013
Phone
(617) 638-7901Principal Officer
Kathleen E Walsh
Main Address
ONE BOSTON MEDICAL CENTER PLACE, BOSTON, MA, 02118
NTEE Category
Code: E11 - Health
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