Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: OTHER REVENUE

  total $628,470 · related or exempt $628,470

• 2b · Program service revenue: CONTRACT REVENUE

  total $348,399 · related or exempt $348,399

• 2c · Program service revenue: PATIENT REVENUE

  total $72,923 · related or exempt $72,923

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $292,877 · program services $240,159 · management and general $52,718

• 7 · Other salaries and wages

  total $672,358 · program services $551,334 · management and general $121,024

• 9 · Other employee benefits

  total $180,076 · program services $147,662 · management and general $32,414

• 11g · Fees: other

  total $16,101 · management and general $16,101

• 13 · Office expenses

  total $69 · program services $57 · management and general $12

• 23 · Insurance

  total $5,607 · program services $5,607

• 24a · Other expenses: OTHER

  total $2,230 · program services $1,829 · management and general $401

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $579,583 · end of year $579,083

• 2 · Savings and temporary cash investments

  beginning of year $2,269,161 · end of year $210,550

• 4 · Accounts receivable

  beginning of year $28,145 · end of year $14,965

• 17 · Accounts payable and accrued expenses

  beginning of year $29,507 · end of year $64,622

• 25 · Other liabilities

  beginning of year $2,929,791 · end of year $941,911

• 27 · Net assets without donor restrictions

  beginning of year -$82,409 · end of year -$201,935

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3

BOSTON UNIVERSITY AFFILIATED PHYSICIANS, INC. (BUAP) RELIED ON BOSTON MEDICAL CENTER (BMC), A RELATED ORGANIZATION OF BUAP, TO ESTABLISH ITS PRESIDENT/CEO'S COMPENSATION. THE METHODS UTILIZED BY BMC TO ESTABLISH THE PRESIDENT/CEO'S COMPENSATION ARE THE FOLLOWING: - COMPENSATION COMMITTEE - WRITTEN EMPLOYMENT CONTRACT - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - FORM 990 OF OTHER ORGANIZATIONS - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

SCHEDULE J, PART I, LINE 4B

CERTAIN EXECUTIVES REPORTED ON THE BUAP FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II ARE COMPENSATED BY BOSTON MEDICAL CENTER, A RELATED ORGANIZATION, FOR SERVICES THEY PROVIDED TO BOSTON MEDICAL CENTER. BOSTON MEDICAL CENTER PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN TO CERTAIN EXECUTIVES. AMOUNTS ARE CREDITED TO PARTICIPANTS' ACCOUNTS EACH YEAR. PLAN AMOUNTS ARE SUBJECT TO FORFEITURE AND PAYMENT ONLY IF CERTAIN CONDITIONS ARE MET, AS OUTLINED IN THE PLAN AGREEMENT. AMOUNTS VEST ON SPECIFIED DATES BASED ON CONTINUED EMPLOYMENT BUT NO LATER THAN THE EXECUTIVE'S SIXTY-SECOND BIRTHDAY. AMOUNTS ACCRUED IN THE PLAN ARE REPORTED IN SCHEDULE J, PART II, COLUMN C. THE AMOUNTS REPORTED FOR THE EXECUTIVES BELOW WERE CONTRIBUTED IN 2019 AND BECAME VESTED AND WERE PAID IN 2022. THE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN B(III). CAMILLUS $30,848 BOSTON MEDICAL CENTER PROVIDED A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN TO DAVID BECK, RAVIN DAVIDOFF, AND KATHLEEN WALSH. ALL THREE EXECUTIVES HAVE REACHED THE PLAN RETIREMENT AGE AND HAVE VESTED 100% IN THE PLAN. IN ADDITION, PURSUANT TO THE TERMS OF THE PLAN, ONCE THE PLAN PARTICIPANT REACHES THE PLAN RETIREMENT AGE, ALL FUTURE CONTRIBUTIONS ARE MADE IN CASH. ACCORDINGLY, 2022 CONTRIBUTIONS OF $53,400, $60,000, AND $277,500 WERE PAID IN CASH TO DAVID BECK, DAVID MCANENY AND KATHLEEN WALSH, RESPECTIVELY, IN 2022. THESE AMOUNTS ARE REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III).

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• BMC INSURANCE COMPANY LTD

  C · INSURANCE · CJ · controlled entity

• CHARITABLE REMAINDER TRUST - MA (3)

  T · SUPPORT · MA · controlled entity