Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
56 people listed on the 990; $27.5M paid to officers and key staff (Part VII, Section A).
Part VII, Section A · reportable compensation
Physician - Ortho
$1,376,064Pt VII · Sec A
Physician - Ortho
$1,330,643Pt VII · Sec A
President - Fpf, Prof/Phys - Ortho
$1,226,917Pt VII · Sec A
Professor/Physician - Ortho
$1,210,500Pt VII · Sec A
President/Director - Neurosurg
$1,028,645Pt VII · Sec A
Pres/Treas/Clerk/Dir - Ortho
$1,007,579Pt VII · Sec A
Former Pres/Clerk/Dir - Chf
$952,392Pt VII · Sec A
Pres/Dir - Oto
$925,330Pt VII · Sec A
President/Director - Radio
$832,363Pt VII · Sec A
Pres/Treas/Clerk/Dir - Rad Onc
$832,011Pt VII · Sec A
Pres/Treas/Clerk/Dir - Eye
$796,322Pt VII · Sec A
Pres/Treas/Clerk/Dir - Ct,ps,sa,gs
$795,688Pt VII · Sec A
Pres/Treas/Clerk/Dir - Anes
$768,885Pt VII · Sec A
Physician - Ortho
$768,165Pt VII · Sec A
Pres/Treas/Clerk/Dir - Uro
$759,972Pt VII · Sec A
Pres/Treas/Clerk/Dir - Chf
$698,195Pt VII · Sec A
FMR Prs/Trs/Clk/Dr-CT,ps,sa,gs
$680,570Pt VII · Sec A
Rehab,prs/Trs/Clk/Dr-Neur
$679,547Pt VII · Sec A
Pres/Treas/Clerk/Dir - Psych
$616,815Pt VII · Sec A
Pres/Treas/Clerk/Dir - Er
$595,678Pt VII · Sec A
President/Director - Obgyn
$588,331Pt VII · Sec A
Pres/Treas/Clerk/Dir - Path
$543,266Pt VII · Sec A
Former President/Director - Derm
$542,164Pt VII · Sec A
Clerk - Oto
$536,265Pt VII · Sec A
Pres/Tres/Dir - Emf (until 9/25)
$495,359Pt VII · Sec A
Clerk/Director - Radio
$455,883Pt VII · Sec A
Pres/Treas/Clerk/Dir - Fam
$453,259Pt VII · Sec A
Director - Emf
$449,187Pt VII · Sec A
President/Director - Derm
$440,983Pt VII · Sec A
Treasurer/Director - Radio
$413,040Pt VII · Sec A
Former Pres/Treas/Dir-Emf
$390,193Pt VII · Sec A
Director - Emf
$359,778Pt VII · Sec A
Director - Eye
$359,014Pt VII · Sec A
Director - Obgyn
$349,344Pt VII · Sec A
Director - Eye
$341,088Pt VII · Sec A
Director - Obgyn (until 11/24)
$320,614Pt VII · Sec A
Director - Emf
$318,846Pt VII · Sec A
Director - Obgyn
$300,351Pt VII · Sec A
Director - Emf
$299,662Pt VII · Sec A
Director - Eye
$269,623Pt VII · Sec A
Director - Obgyn
$240,374Pt VII · Sec A
Director - Emf
$237,922Pt VII · Sec A
Director - Emf
$216,603Pt VII · Sec A
Director - Obgyn
$176,046Pt VII · Sec A
Director - Emf (as of 8/25)
$152,718Pt VII · Sec A
Director - Obgyn
$150,180Pt VII · Sec A
Director - Emf
$122,804Pt VII · Sec A
Former President/Director - Obgyn
$111,574Pt VII · Sec A
Former Treasurer/Clerk - Neuro
$0Pt VII · Sec A
Pres/Tres/Dir - Emf (as of 9/25)
$0Pt VII · Sec A
Treas/Clk-Neurosurg, Trs-Oto
$0Pt VII · Sec A
Treasurer/Clerk - Derm
$0Pt VII · Sec A
Treasurer - Obgyn
$0Pt VII · Sec A
Clerk - Obgyn
$0Pt VII · Sec A
Former Treasurer - Oto
$0Pt VII · Sec A
Schedule O Disclosure
$0Pt VII · Sec A
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Tony Tannoury MD | $1,210,500 | $1,416,607 | $1,806,821 | $1,361,078 | $1,392,635 | $1,703,278 |
| David Coleman MD | — | $1,652,000 | $725,139 | $828,346 | $885,740 | $782,366 |
| Xinning Li MD | $1,330,643 | $1,141,910 | $1,426,957 | $1,388,449 | $1,422,047 | $971,386 |
| Chadi Tannoury MD | $1,376,064 | $1,305,924 | $905,664 | $1,058,341 | $1,083,111 | $929,382 |
| William Creevy MD | $1,226,917 | $1,161,864 | $1,158,958 | $1,166,669 | $1,199,792 | $1,062,807 |
| Jennifer Tseng MD | $680,570 | $1,156,227 | $1,048,952 | $992,645 | $1,040,916 | $1,012,451 |
| Niloo Edwards MD | — | — | $1,064,449 | — | — | — |
| Paul Tornetta MD | $1,007,579 | $1,061,266 | $1,003,466 | $973,955 | $1,013,814 | $971,498 |
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.
See Faculty Practice Foundation INC & Affiliates executive salaries →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 15aYes
Programs and updates
Provides and coordinates patient care services, promoting an integrated healthcare system for Boston Medical Center and Boston University School of Medicine.
Questions for Faculty Practice Foundation INC & Affiliates
Your first name shows with your question. Faculty Practice Foundation INC & Affiliates answers here, for everyone.
1 program · $473.7M · in their own filed words · FY2024
01
The faculty practice plans ("the plans") were established as not-for-profit corporations operating exclusively for the benefit of boston medical center and boston university chobanian & avedisian school of medicine.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 90-0513372) · Dispute this line$473.7Mprogram expense
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Schedule I · this organization's grantmaking
Grants paid · 11 grants · $124K · 2019–2024
Orthopaedic Research and Education FoundationIL · FY2024$14,500
Orthopaedic Research and Education FoundationIL · FY2023$12,500
Orthopaedic Research and Education FoundationIL · FY2022$13,000
International Musculoskeletal Society -Ims- INCMA · FY2022$6,000
National Alliance on Mental Illness of Massachusetts INCMA · FY2022$5,250
Shippy FoundationNY · FY2021$16,809
Orthopaedic ResearchFY2021$9,500
Orthopaedic ResearchFY2020$11,250
Boston Medical Center CorporationMA · FY2020$10,000
Boston Medical Center CorporationMA · FY2019$15,850
Orthopaedic Research and Education FoundationIL · FY2019$9,500
By the numbers
The FY2025 990, line by line.
Download 990
1The main four
Money inPt VIII
$588.0M
Ln 12
Fees for servicesLn 2g$582.1M
Investment incomeLn 3$5.9M
Money outPt IX
$585.9M
Ln 25
Programscol B$473.7M
Managementcol C$112.2M
Owns and owesPt X
$67.1M
net assets · Ln 32
Cash and savingsLn 1–2$14.3M
Total assetsLn 16$92.2M
LiabilitiesLn 26$25.0M
PeoplePt VI, VII
56
listed · VII A
PaidVII A48
Voting boardVI 1a36
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$582.1M
Investment incomeLn 3$5.9M
Total revenueLn 12$588.0M
Assets in detailPt X, end of year
CashLn 1$14.2M
SavingsLn 2$89K
Cash and savings togetherLn 1–2$14.3M
Accounts receivableLn 4$20.0M
Land, buildings, equipmentLn 10c$2.3M
InvestmentsLn 11–13$44.4M
Other assetsLn 15$11.2M
Total assetsLn 16$92.2M
LiabilitiesLn 26$25.0M
Net assetsLn 32$67.1M
OperationsPt I, VI
EmployeesI 52,236
VolunteersI 638
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
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $11.5M | $14.3M |
| InvestmentsLn 11–13 | $48.2M | $44.4M |
| Land, buildings, equipmentLn 10c | $2.8M | $2.3M |
| Total assetsLn 16 | $95.2M | $92.2M |
| LiabilitiesLn 26 | $33.6M | $25.0M |
| Net assetsLn 32 | $61.6M | $67.1M |
4Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $18K | $18K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $24.3M | $19.5M | $4.8M | |
| Pay of disqualified personsLn 6 | $2.7M | $1.9M | $794K | |
| Other salaries and wagesLn 7 | $367.5M | $292.3M | $75.2M | |
| Other employee benefitsLn 9 | $88.1M | $69.4M | $18.7M | |
| Other fees for servicesLn 11g | $21.8M | $17.8M | $4.0M | |
| Advertising and promotionLn 12 | $25K | $20K | $5K | |
| Office expensesLn 13 | $1.2M | $893K | $302K | |
| OccupancyLn 16 | $2.1M | $1.5M | $575K | |
| TravelLn 17 | $863K | $691K | $172K | |
| Conferences, conventions and meetingsLn 19 | $3.4M | $2.6M | $741K | |
| InterestLn 20 | $12K | $8K | $4K | |
| Payments to affiliatesLn 21 | $17.6M | $14.5M | $3.1M | |
| Depreciation, depletion and amortizationLn 22 | $569K | $399K | $170K | |
| InsuranceLn 23 | $12.6M | $10.2M | $2.4M | |
| Other expenses (24a–d)Ln 24 | $40.4M | $39.8M | $597K | |
| All other expensesLn 24e | $2.6M | $2.1M | $545K | |
| Total functional expensesLn 25 | $585.9M | $473.7M | $112.2M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Aug 12, 2026 | $588.0M | $585.9M | $2.1M | $67.1M | 990 PDF |
| FY2024Filed with the IRS May 14, 2025 | $535.5M | $542.7M | −$7.2M | $64.6M | 990 PDF |
| FY2023Filed with the IRS May 10, 2024 | $497.7M | $498.4M | −$669K | $64.8M | 990 PDF |
| FY2022Filed with the IRS May 11, 2023 | $458.4M | $462.1M | −$3.7M | $62.6M | 990 PDF |
| FY2021Filed with the IRS May 6, 2022 | $409.8M | $409.3M | $463K | $67.0M | 990 PDF |
| FY2020Filed with the IRS May 13, 2021 | $418.4M | $423.8M | −$5.4M | $58.7M | 990 PDF |
Schedules filed Part IV
A · Public support
D · Assets and endowments
I · Grants
J · Pay
O · Explanations
R · Related orgs
See the full FY2025 990
Part I · Summary $587,967,407 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $137,999,066$582,059,223
I-10 Investment incomePrior year $262,040$5,908,184
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $138,261,106$587,967,407
I-13 Grants and similar amounts paidPrior year $1,000,500$18,079
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $117,904,491$482,635,243
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $26,695,557$103,203,581
I-18 Total expensesPrior year $145,600,548$585,856,903
I-19 Revenue less expensesPrior year −$7,339,442$2,110,504
Part VI · Governance 0 of 36 board members independent, 1 to look at
VI-1a Voting members of the governing body36
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $587,967,407 across 3 lines filed
Lines not itemized here account for $6,439,228 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $575,239,305 · Unrelated business $380,690$575,619,995
VIII-3 Investment incomeExcluded from tax $5,908,184$5,908,184
VIII-12 Total revenueRelated to mission $581,678,533 · Unrelated business $380,690 · Excluded from tax $5,908,184$587,967,407
Part IX · Statement of functional expenses $585,856,903 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $18,079$18,079
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $19,489,188 · Management $4,778,982$24,268,170
IX-6 Pay of disqualified personsPrograms $1,900,591 · Management $794,346$2,694,937
IX-7 Other salaries and wagesPrograms $292,319,743 · Management $75,227,352$367,547,095
IX-9 Other employee benefitsPrograms $69,409,255 · Management $18,715,786$88,125,041
IX-11g Other fees for servicesPrograms $17,795,535 · Management $4,004,851$21,800,386
IX-12 Advertising and promotionPrograms $20,348 · Management $5,113$25,461
IX-13 Office expensesPrograms $892,589 · Management $302,185$1,194,774
IX-16 OccupancyPrograms $1,539,911 · Management $575,442$2,115,353
IX-17 TravelPrograms $691,072 · Management $171,918$862,990
IX-19 Conferences, conventions and meetingsPrograms $2,642,005 · Management $741,057$3,383,062
IX-20 InterestPrograms $8,392 · Management $3,647$12,039
IX-21 Payments to affiliatesPrograms $14,484,593 · Management $3,128,674$17,613,267
IX-22 Depreciation, depletion and amortizationPrograms $398,800 · Management $170,092$568,892
IX-23 InsurancePrograms $10,160,463 · Management $2,437,189$12,597,652
IX-24 Other expenses (24a–d)Programs $39,808,234 · Management $597,075$40,405,309
IX-24e All other expensesPrograms $2,079,155 · Management $545,241$2,624,396
IX-25 Total functional expensesPrograms $473,657,953 · Management $112,198,950 · Fundraising $0$585,856,903
Part X · Balance sheet $92,152,007 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $11,271,205$14,191,529
X-2 Savings and temporary cash investmentsStart of year $190,630$88,649
X-4 Accounts receivableStart of year $25,599,449$20,014,310
X-10c Land, buildings and equipment, netStart of year $2,807,714$2,285,153
X-11 Publicly traded securitiesStart of year $48,215,710$44,394,514
X-15 Other assetsStart of year $7,131,988$11,177,852
X-16 Total assetsStart of year $95,216,696$92,152,007
X-17 Accounts payable and accrued expensesStart of year $11,529,785$12,747,489
X-19 Deferred revenueStart of year $2,430,268$2,128,675
X-25 Other liabilitiesStart of year $19,609,886$10,150,004
X-26 Total liabilitiesStart of year $33,569,939$25,026,168
X-27 Net assets without donor restrictionsStart of year $61,646,757$67,125,839
X-32 Total net assets or fund balancesStart of year $61,646,757$67,125,839
X-33 Total liabilities and net assetsStart of year $95,216,696$92,152,007
Part XI · Reconciliation of net assets $67,125,839 net assets at year end
XI-1 Total revenue$587,967,407
XI-2 Total expenses$585,856,903
XI-3 Revenue less expenses$2,110,504
XI-4 Net assets at start of year$61,646,757
XI-5 Net unrealized gains (losses) on investments−$1,290,308
XI-9 Other changes in net assets$4,658,886
XI-10 Net assets at end of year$67,125,839
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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