Tufts Shared Services INC FY2023 filing

Tax-deductible

Boston, MA501(c)(3)Since 1968HospitalsEIN 23-7000827

The organization was organized in 1968 to coordinate and supplement the health and educational services and activities of tufts medical center, a hospital, and tufts university, a university.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$1.2M 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
4 of 5
filings with a surplus
Average surplus $1.7M a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $155K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.8M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35.8M
-1% vs prior year
Spent
$34.6M
To programs
95%
Net assets
$27.2M
By yearFY2020–FY2024
Revenue
$35.8M
FY2023▼ -1%
Revenue by fiscal year
FY2020$29.5M
FY2021$31.0M
FY2022$36.3M
FY2023$35.8M
FY2024$34.2M
FY2024$34.3M
Expenses
$34.6M
FY2023▲ +7%
Expenses by fiscal year
FY2020$30.6M
FY2021$29.0M
FY2022$32.4M
FY2023$34.6M
FY2024$31.6M
FY2024$32.0M
Net assets
$27.2M
FY2023▲ +5%
Net assets by fiscal year
FY2020$20.1M
FY2021$22.0M
FY2022$25.9M
FY2023$27.2M
FY2024$29.9M
FY2024$32.2M

From the FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · 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 Dec 1968.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $32.8M Management & general 5% · $1.7M

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

Who runs it and what they're paid

17 people listed on the 990; $1.2M 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
Executive Director
$258,298Pt VII · Sec A
Controller
$200,844Pt VII · Sec A
USC Chief Engineer
$177,551Pt VII · Sec A
Lead Plumber
$152,003Pt VII · Sec A
USC Lead Mechanic
$133,858Pt VII · Sec A
USC Mechanic I
$128,230Pt VII · Sec A
USC Lead Mechanic
$127,152Pt VII · Sec A
Board Member (until 9/19/23)
$0Pt VII · Sec A

James Foley’s $248K as Executive Director is at the 32nd percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
James Foley$248,080$259,695$258,298$229,017$229,017$213,475
Maria Pisa$207,868$201,227$200,844$218,855$218,855$175,215
William Hunt$182,689$178,569$177,551$167,865$167,865$158,792
Paul Difraia$163,922—————
Enzo Tamburello—$152,244$152,003$131,148$131,148$127,668
Edward Dullea$147,824$134,011$133,858$128,210$128,210$135,264
Michael Kirsch$136,377——$129,412$129,412$105,478
Mahendra Jaglall—$128,270$128,230———

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports health and education services for Tufts Medical Center and University.

Provided by the organization

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3 program services account for $32.7M of program spending, described in the organization's own filed words · FY2022.
01

Utility Supply Center

The usc provides utility related service to most of tufts medical center and tufts university buildings between harrison avenue and tremont street. Each institution is responsible for their share of the utilities. Its principal location is in the dental building basement.

$18.0Mprogram expense
02

Rental and Parking

Weekday parking is restricted to the medical center and university use. On evenings and weekends the tremont street garage is open to commercial parking. The parking department funds the t-pass SUBSIDY.- tremont street garage-mortgage paid 6/2008.- traveler street garage-owned by TSS, INC.- herald street garage-leased- HUDSON/TYLER…

$12.8Mprogram expense
03

Copy Center

The copy center competitively provides printing services to tufts medical center, and to tufts university at its boston, medford and grafton campuses. It does some commercial work for outside customers. It also provides office copiers and paper.

$1.9Mprogram 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 · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$155K
Grants paid · 2 grants · $2.0M · 2022–2022
Tufts Medical Center Parent INCMA · FY2022$1,000,000
Trustees of Tufts CollegeMA · FY2022$1,000,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$35.8M
Ln 12
Fees for servicesLn 2g$35.3M
Investment incomeLn 3$299K
Other incomeLn 4–11$219K
Money outPt IX
$34.6M
Ln 25
Programscol B$32.8M
Managementcol C$1.7M
Owns and owesPt X
$27.2M
net assets · Ln 32
Cash and savingsLn 1–2$9.8M
Total assetsLn 16$34.0M
LiabilitiesLn 26$6.8M
PeoplePt VI, VII
17
listed · VII A
PaidVII A7
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$35.3M
Investment incomeLn 3$299K
Other incomeLn 4–11$219K
Total revenueLn 12$35.8M
Assets in detailPt X, end of year
CashLn 1$224K
SavingsLn 2$9.6M
Cash and savings togetherLn 1–2$9.8M
InvestmentsLn 11–13$7.5M
Land, buildings, equipmentLn 10c$10.6M
Other assetsLn 15$5.5M
Total assetsLn 16$34.0M
LiabilitiesLn 26$6.8M
Net assetsLn 32$27.2M
OperationsPt I, VI
EmployeesI 577
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$8.7M$9.8M
InvestmentsLn 11–13$7.2M$7.5M
Land, buildings, equipmentLn 10c$10.8M$10.6M
Total assetsLn 16$29.6M$34.0M
LiabilitiesLn 26$3.7M$6.8M
Net assetsLn 32$25.9M$27.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.0M$2.0M
Pay of current officers, directors and key staffLn 5$486K$486K
Other salaries and wagesLn 7$5.4M$5.2M$205K
Other employee benefitsLn 9$560K$514K$46K
Payroll taxesLn 10$759K$662K$97K
Legal feesLn 11b$85K$85K
Accounting feesLn 11c$82K$82K
Other fees for servicesLn 11g$927K$927K
Office expensesLn 13$21K$21K
OccupancyLn 16$480K$480K
InterestLn 20$105K$105K
Depreciation, depletion and amortizationLn 22$2.3M$2.3M
InsuranceLn 23$407K$407K
Other expenses (24a–d)Ln 24$17.0M$16.1M$895K
All other expensesLn 24e$3.9M$3.9M
Total functional expensesLn 25$34.6M$32.8M$1.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $34.2M$31.6M$2.5M$29.9M 990 PDF
FY2023 Viewing $35.8M$34.6M$1.3M$27.2M 990 PDF
FY2022 $36.3M$32.4M$3.9M$25.9M 990 PDF
FY2021 $31.0M$29.0M$1.9M$22.0M 990 PDF
FY2020 $29.5M$30.6M−$1.1M$20.1M 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 $35,821,546 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,096,047 · Unrelated business $11,113 · Excluded from tax $15,196,822$35,303,982
VIII-3 Investment incomeExcluded from tax $298,867$298,867
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $218,697$218,697
VIII-12 Total revenueRelated to mission $20,096,047 · Unrelated business $11,113 · Excluded from tax $15,714,386$35,821,546
Part IX · Statement of functional expenses $34,566,709 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $2,000,000$2,000,000
IX-5 Pay of current officers, directors and key staffManagement $486,327$486,327
IX-7 Other salaries and wagesPrograms $5,182,613 · Management $205,349$5,387,962
IX-9 Other employee benefitsPrograms $514,000 · Management $45,906$559,906
IX-10 Payroll taxesPrograms $662,391 · Management $96,747$759,138
IX-11b Legal feesPrograms $85,054$85,054
IX-11c Accounting feesPrograms $82,000$82,000
IX-11g Other fees for servicesPrograms $927,340$927,340
IX-13 Office expensesPrograms $21,100$21,100
IX-16 OccupancyPrograms $479,778$479,778
IX-20 InterestPrograms $104,628$104,628
IX-22 Depreciation, depletion and amortizationPrograms $2,314,776$2,314,776
IX-23 InsurancePrograms $406,559$406,559
IX-24 Other expenses (24a–d)Programs $16,149,340 · Management $894,673$17,044,013
IX-24e All other expensesPrograms $3,908,128$3,908,128
IX-25 Total functional expensesPrograms $32,837,707 · Management $1,729,002 · Fundraising $0$34,566,709
Part X · Balance sheet $33,997,822 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $278,586$223,874
X-2 Savings and temporary cash investmentsStart of year $8,377,364$9,568,520
X-4 Accounts receivableStart of year $50,359$103,714
X-8 Inventories for sale or useStart of year $39,063$45,523
X-9 Prepaid expenses and deferred chargesStart of year $444,281$449,517
X-10c Land, buildings and equipment, netStart of year $10,758,148$10,614,050
X-11 Publicly traded securitiesStart of year $7,184,983$7,483,850
X-15 Other assetsStart of year $2,461,211$5,508,774
X-16 Total assetsStart of year $29,593,995$33,997,822
X-17 Accounts payable and accrued expensesStart of year $3,683,474$3,286,529
X-25 Other liabilitiesStart of year $0$3,545,935
X-26 Total liabilitiesStart of year $3,683,474$6,832,464
X-27 Net assets without donor restrictionsStart of year $25,910,521$27,165,358
X-32 Total net assets or fund balancesStart of year $25,910,521$27,165,358
X-33 Total liabilities and net assetsStart of year $29,593,995$33,997,822
Part XI · Reconciliation of net assets $27,165,358 net assets at year end
XI-1 Total revenue$35,821,546
XI-2 Total expenses$34,566,709
XI-3 Revenue less expenses$1,254,837
XI-4 Net assets at start of year$25,910,521
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$27,165,358

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

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