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Bmc Health System INC

Tax-deductible

Boston, MA501(c)(3)Since 2013Health CareEIN 46-3556853

Bmc health system, INC.'s mission is to provide governance, long-term strategic planning, and budgetary and financial assistance for boston medical center hospitals and other affiliates that share their mission to support boston medical center corporation.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 18 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average deficit $1.7M a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$51.1M
95% of total assets
Concern: liabilities are 95% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$298.3M
+8% vs prior year
Spent
$313.0M
To programs
89%
Net assets
$2.8M
By yearFY2020–FY2024
Revenue
$298.3M
FY2024▲ +8%
Revenue by fiscal year
FY2020$175.2M
FY2021$189.2M
FY2022$234.8M
FY2023$299.6M
FY2024$275.2M
FY2024$298.3M
Expenses
$313.0M
FY2024▲ +15%
Expenses by fiscal year
FY2020$183.2M
FY2021$200.1M
FY2022$234.2M
FY2023$292.2M
FY2024$273.0M
FY2024$313.0M
Net assets
$2.8M
FY2024▼ -84%
Net assets by fiscal year
FY2020−$808K
FY2021$2.4M
FY2022$7.9M
FY2023$15.3M
FY2024$17.5M
FY2024$2.8M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $278.7M Management & general 11% · $34.3M

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

Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation
Alastair Bell MD
President/CEO
$0Pt VII · Sec A
Mark Nunnelly
Chair -> 12/10/24,trustee -> 6/10/25
$0Pt VII · Sec A
David Ament
Chair (as of 12/10/24)
$0Pt VII · Sec A
Matthew Botein
Trustee (thru 12/20/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
Randi Cutler
Trustee (thru 5/13/25)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bmc Health System INC executive salaries →

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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

Govern, plan, and fund Boston Medical Center and its affiliates.

Provided by the organization

This section is blank until Bmc Health System INC claims this page.

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1 program service account for $278.7M of program spending, described in the organization's own filed words · FY2024.
01

Since its formation on july 1, 2013, BMC health system, inc. Has, in accordance with its mission, provided governance, strategic planning, and budgetary assistance for boston medical center hospital and other affiliates that share as their mission support of BMC.

$278.7Mprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$298.3M
Ln 12
Other incomeLn 4–11$297.4M
Investment incomeLn 3$512K
Fees for servicesLn 2g$418K
Money outPt IX
$313.0M
Ln 25
Programscol B$278.7M
Managementcol C$34.3M
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$16.2M
Total assetsLn 16$53.9M
LiabilitiesLn 26$51.1M
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$418K
Investment incomeLn 3$512K
Other incomeLn 4–11$297.4M
Total revenueLn 12$298.3M
Assets in detailPt X, end of year
SavingsLn 2$16.2M
Cash and savings togetherLn 1–2$16.2M
Land, buildings, equipmentLn 10c$5.2M
Other assetsLn 15$4.8M
Total assetsLn 16$53.9M
LiabilitiesLn 26$51.1M
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$21.5M$16.2M
Land, buildings, equipmentLn 10c$2.7M$5.2M
Total assetsLn 16$50.8M$53.9M
LiabilitiesLn 26$33.3M$51.1M
Net assetsLn 32$17.5M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$148.8M$127.1M$21.7M
Other employee benefitsLn 9$23.9M$18.9M$5.0M
Payroll taxesLn 10$8.2M$8.2M
Legal feesLn 11b$2.4M$2.4M
Accounting feesLn 11c$1.5M$1.5M$19K
Lobbying feesLn 11d$494K$494K
Other fees for servicesLn 11g$24.1M$23.3M$792K
Advertising and promotionLn 12$3.0M$2.8M$152K
Office expensesLn 13$9.1M$8.8M$332K
OccupancyLn 16$7.1M$7.0M$108K
TravelLn 17$1.4M$515K$911K
Conferences, conventions and meetingsLn 19$1.1M$694K$377K
Depreciation, depletion and amortizationLn 22$666K$666K
InsuranceLn 23$224K$120K$104K
Other expenses (24a–d)Ln 24$77.8M$73.6M$4.2M
All other expensesLn 24e$3.3M$3.2M$43K
Total functional expensesLn 25$313.0M$278.7M$34.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $275.2M$273.0M$2.2M$17.5M 990 PDF
FY2023 $299.6M$292.2M$7.4M$15.3M 990 PDF
FY2022 $234.8M$234.2M$617K$7.9M 990 PDF
FY2021 $189.2M$200.1M−$10.9M$2.4M 990 PDF
FY2020 $175.2M$183.2M−$8.0M−$808K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $298,344,526 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $417,955$417,955
VIII-3 Investment incomeExcluded from tax $512,460$512,460
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $265,683,976 · Unrelated business $31,556,006 · Excluded from tax $174,129$297,414,111
VIII-12 Total revenueRelated to mission $266,101,931 · Unrelated business $31,556,006 · Excluded from tax $686,589$298,344,526
Part IX · Statement of functional expenses $313,041,155 across 16 lines filed
IX-7 Other salaries and wagesPrograms $127,133,136 · Management $21,654,988$148,788,124
IX-9 Other employee benefitsPrograms $18,901,758 · Management $4,985,944$23,887,702
IX-10 Payroll taxesPrograms $8,228,523$8,228,523
IX-11b Legal feesPrograms $2,379,275$2,379,275
IX-11c Accounting feesPrograms $1,493,655 · Management $18,900$1,512,555
IX-11d Lobbying feesPrograms $494,500$494,500
IX-11g Other fees for servicesPrograms $23,302,907 · Management $792,463$24,095,370
IX-12 Advertising and promotionPrograms $2,841,180 · Management $152,049$2,993,229
IX-13 Office expensesPrograms $8,815,858 · Management $332,304$9,148,162
IX-16 OccupancyPrograms $6,967,057 · Management $108,357$7,075,414
IX-17 TravelPrograms $514,614 · Management $911,483$1,426,097
IX-19 Conferences, conventions and meetingsPrograms $693,692 · Management $376,947$1,070,639
IX-22 Depreciation, depletion and amortizationManagement $666,255$666,255
IX-23 InsurancePrograms $120,000 · Management $103,734$223,734
IX-24 Other expenses (24a–d)Programs $73,600,967 · Management $4,197,483$77,798,450
IX-24e All other expensesPrograms $3,210,609 · Management $42,517$3,253,126
IX-25 Total functional expensesPrograms $278,697,731 · Management $34,343,424 · Fundraising $0$313,041,155
Part X · Balance sheet $53,855,995 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $21,508,480$16,239,469
X-4 Accounts receivableStart of year $4,375,262$8,580,936
X-9 Prepaid expenses and deferred chargesStart of year $17,728,141$19,020,300
X-10c Land, buildings and equipment, netStart of year $2,687,121$5,191,321
X-15 Other assetsStart of year $4,517,536$4,823,969
X-16 Total assetsStart of year $50,816,540$53,855,995
X-17 Accounts payable and accrued expensesStart of year $15,338,923$12,093,341
X-25 Other liabilitiesStart of year $17,997,174$38,978,840
X-26 Total liabilitiesStart of year $33,336,097$51,072,181
X-27 Net assets without donor restrictionsStart of year $17,480,443$2,783,814
X-32 Total net assets or fund balancesStart of year $17,480,443$2,783,814
X-33 Total liabilities and net assetsStart of year $50,816,540$53,855,995
Part XI · Reconciliation of net assets $2,783,814 net assets at year end
XI-1 Total revenue$298,344,526
XI-2 Total expenses$313,041,155
XI-3 Revenue less expenses−$14,696,629
XI-4 Net assets at start of year$17,480,443
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,783,814

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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