Bmc Affiliated Physicians INC FY2023 filing

Tax-deductible

Boston, MA501(c)(3)Since 1994EIN 04-3218267

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Bmc Affiliated Physicians, INC.'s (bmcap) primary mission is to provide health care services in a manner that promotes health for the benefit of the community, to perform medical and clinical research in the public interest, to provide health and medical educational programs in a charitable manner on subjects useful to the individual and beneficial to the community, and to DO all acts necessary or expedient for the administration of its affairs and the attainment of its charitable, educational and scientific purposes.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$723K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $46K a year · 3% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$723K
to officers and key staff · 62% of spending
Concern: pay to officers and key staff is 62% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $114K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
125% of total assets
Concern: liabilities are 125% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-6% vs prior year
Spent
$1.2M
To programs
81%
Net assets
−$202K
By yearFY2020–FY2024
Revenue
$1.0M
FY2023▼ -6%
Revenue by fiscal year
FY2020$3.4M
FY2021$1.6M
FY2022$1.1M
FY2023$1.0M
FY2024$469K
FY2024$200.8M
Expenses
$1.2M
FY2023▲ +3%
Expenses by fiscal year
FY2020$3.3M
FY2021$1.7M
FY2022$1.1M
FY2023$1.2M
FY2024$480K
FY2024$201.2M
Net assets
−$202K
FY2023▼ -145%
Net assets by fiscal year
FY2020$78K
FY2021−$69K
FY2022−$82K
FY2023−$202K
FY2024−$213K
FY2024−$546K

From the FY2023 Form 990 (year ending September 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $947K Management & general 19% · $223K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $723K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$250,520Pt VII · Sec A
$237,316Pt VII · Sec A
$234,668Pt VII · Sec A
$0Pt VII · Sec A
Director of Physician Practices
$0Pt VII · Sec A
Former President/Trustee
$0Pt VII · Sec A
Trustee (thru 2/28/23)
$0Pt VII · Sec A
Former Clerk
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Charles Tifft MD$273,482$251,227$234,668$258,696$235,599$260,599
Richard Ress MD$200,259$234,562$250,520$269,925$270,557$271,007
Judith Lytle MD$175,736$225,884$237,316$251,051$236,918$251,318
Michael Miller MD—————$117,049
Julia Wolfe—————$114,452

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides healthcare, conducts medical research, and offers health education programs for community benefit.

Provided by the organization

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1 program service account for $947K of program spending, described in the organization's own filed words · FY2022.
01

Boston university affiliated physicians, INC.'S (buap) primary mission is to provide health care services in a manner that promotes health for the benefit of the community, to perform medical and clinical research in the public interest, to provide health and medical educational programs in a charitable manner on subjects useful to the…

$947Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$114K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$1.0M
Money outPt IX
$1.2M
Ln 25
Programscol B$947K
Managementcol C$223K
Owns and owesPt X
−$202K
net assets · Ln 32
Cash and savingsLn 1–2$790K
Total assetsLn 16$805K
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.0M
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$579K
SavingsLn 2$211K
Cash and savings togetherLn 1–2$790K
Total assetsLn 16$805K
LiabilitiesLn 26$1.0M
Net assetsLn 32−$202K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.8M$790K
Total assetsLn 16$2.9M$805K
LiabilitiesLn 26$3.0M$1.0M
Net assetsLn 32−$82K−$202K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$293K$240K$53K
Other salaries and wagesLn 7$672K$551K$121K
Other employee benefitsLn 9$180K$148K$32K
Other fees for servicesLn 11g$16K$16K
Office expensesLn 13$69$57$12
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$2K$2K$401
Total functional expensesLn 25$1.2M$947K$223K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $469K$480K−$11K−$213K 990 PDF
FY2023 Viewing $1.0M$1.2M−$120K−$202K 990 PDF
FY2022 $1.1M$1.1M−$13K−$82K 990 PDF
FY2021 $1.6M$1.7M−$147K−$69K 990 PDF
FY2020 $3.4M$3.3M$62K$78K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,049,792 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,049,792$1,049,792
VIII-12 Total revenueRelated to mission $1,049,792 · Unrelated business $0 · Excluded from tax $0$1,049,792
Part IX · Statement of functional expenses $1,169,318 across 7 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $240,159 · Management $52,718$292,877
IX-7 Other salaries and wagesPrograms $551,334 · Management $121,024$672,358
IX-9 Other employee benefitsPrograms $147,662 · Management $32,414$180,076
IX-11g Other fees for servicesManagement $16,101$16,101
IX-13 Office expensesPrograms $57 · Management $12$69
IX-23 InsurancePrograms $5,607$5,607
IX-24 Other expenses (24a–d)Programs $1,829 · Management $401$2,230
IX-25 Total functional expensesPrograms $946,648 · Management $222,670 · Fundraising $0$1,169,318
Part X · Balance sheet $804,598 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $579,583$579,083
X-2 Savings and temporary cash investmentsStart of year $2,269,161$210,550
X-4 Accounts receivableStart of year $28,145$14,965
X-16 Total assetsStart of year $2,876,889$804,598
X-17 Accounts payable and accrued expensesStart of year $29,507$64,622
X-25 Other liabilitiesStart of year $2,929,791$941,911
X-26 Total liabilitiesStart of year $2,959,298$1,006,533
X-27 Net assets without donor restrictionsStart of year −$82,409−$201,935
X-32 Total net assets or fund balancesStart of year −$82,409−$201,935
X-33 Total liabilities and net assetsStart of year $2,876,889$804,598
Part XI · Reconciliation of net assets −$201,935 net assets at year end
XI-1 Total revenue$1,049,792
XI-2 Total expenses$1,169,318
XI-3 Revenue less expenses−$119,526
XI-4 Net assets at start of year−$82,409
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$201,935

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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