Form 990 for tax year 2024
Filed by BOSTON ACCOUNTABLE CARE ORGANIZATION INC.
Totals
- Total revenue
- $1,789,228
- Total expenses
- $5,278,709
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,052,128
- Investment income
- $737,100
- Other revenue
- $0
- Total assets, end of year
- $30,414,945
- Total liabilities, end of year
- $33,224,968
- Net assets or fund balances, end of year
- -$2,810,023
- Program services expenses (Part IX)
- $5,268,725
- Management and general expenses
- $9,984
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,268,725
Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: CAPITATION REVENUE
total $1,052,128 · related or exempt $1,052,128
-
3 · Investment income
total $737,100 · excluded $737,100
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $729,782 · program services $729,782
-
9 · Other employee benefits
total $66,073 · program services $66,073
-
11c · Fees: accounting
total $9,984 · management and general $9,984
-
11g · Fees: other
total $234,962 · program services $234,962
-
16 · Occupancy
total $598 · program services $598
-
17 · Travel
total $756 · program services $756
-
24a · Other expenses: CORPORATE OVERHEADS
total $4,235,420 · program services $4,235,420
-
24e · All other expenses
total $1,134 · program services $1,134
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $19,696,773 · end of year $26,471,857
-
15 · Other assets
beginning of year $3,173,525 · end of year $3,943,088
-
17 · Accounts payable and accrued expenses
beginning of year $1,584,719 · end of year $2,109,846
-
19 · Deferred revenue
beginning of year $2,898,366 · end of year $2,817,045
-
25 · Other liabilities
beginning of year $17,707,755 · end of year $28,298,077
-
27 · Net assets without donor restrictions
beginning of year $679,458 · end of year -$2,810,023
Mission and programs · 2024
Mission
BACO SHALL AT ALL TIMES BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND/OR SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MISSION OF BACO IS TO IMPROVE THE HEALTHCARE OF THE POPULATIONS THAT BMC, THE FPF PHYSICIANS, BMC- BRIGHTON, BMC-SOUTH, AND CHCS SERVE. TO PROVIDE THE BEST CARE POSSIBLE, AN ACCOUNTABLE CARE ORGANIZATION IS DESIGNED TO BETTER MANAGE ALL ASPECTS OF HEALTHCARE, IN AN EFFORT TO IMPROVE THE HEALTH OF THE POPULATION SERVED WHILE OPERATING MORE EFFICIENTLY. BACO WILL INTEGRATE THE RESOURCES OF BMC, THE FPF, BMC-BRIGHTON, BMC-SOUTH, AND THE CHCS TO PROVIDE MORE EFFECTIVE, HIGHER QUALITY AND LESS EXPENSIVE CARE FOR PATIENTS OF BACO.
Activities or mission (Part I)
BOSTON ACCOUNTABLE CARE ORGANIZATION, INC. (BACO) SHALL AT ALL TIMES BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND/OR SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE MISSION OF BACO IS TO IMPROVE THE HEALTHCARE OF THE POPULATIONS THAT BOSTON MEDICAL CENTER CORPORATION (BMC), THE FACULTY PRACTICE FOUNDATION, INC. (FPF) PHYSICIANS, BOSTON MEDICAL CENTER-BRIGHTON CORPORATION (BMC-BRIGHTON), BOSTON MEDICAL CENTER-SOUTH CORPORATION (BMC-SOUTH), AND COMMUNITY HEALTH CENTERS (CHCS) SERVE. TO PROVIDE THE BEST CARE POSSIBLE, AN ACCOUNTABLE CARE ORGANIZATION (ACO) IS DESIGNED TO BETTER MANAGE ALL ASPECTS OF HEALTHCARE, IN AN EFFORT TO IMPROVE THE HEALTH OF THE POPULATION SERVED WHILE OPERATING MORE EFFICIENTLY. BACO WILL INTEGRATE THE RESOURCES OF BMC, THE FPF, BMC-BRIGHTON, BMC-SOUTH, AND THE CHCS TO PROVIDE MORE EFFECTIVE, HIGHER QUALITY AND LESS EXPENSIVE CARE FOR PATIENTS OF BACO.
-
SINCE ITS FORMATION, BOSTON ACCOUNTABLE CARE ORGANIZATION (BACO) HAS ENGAGED IN ITS MISSION TO IMPROVE THE HEALTHCARE OF POPULATIONS THAT BOSTON MEDICAL CENTER CORPORATION, THE FACULTY PRACTICE FOUNDATION, INC. PHYSICIANS, BOSTON MEDICAL CENTER-BRIGHTON CORPORATION, BOSTON MEDICAL CENTER-SOUTH CORPORATION, AND COMMUNITY HEALTH CENTERS SERVE BY BETTER MANAGING ALL ASPECTS OF HEALTHCARE, IN AN EFFORT TO IMPROVE THE HEALTH OF THE POPULATION SERVED WHILE OPERATING MORE EFFICIENTLY.
Expenses $5,268,725 · Revenue $1,052,128
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ankur AgrawalANKUR AGRAWAL
DIRECTOR (AS OF 10/23/24)
- Total calculated
- $0
- Hours/week
- 1
-
Julie AlmondJULIE ALMOND
DIRECTOR (THRU 10/23/24)
- Total calculated
- $0
- Hours/week
- 1
-
Alastair Bell MDALASTAIR BELL MD
DIRECTOR (THRU 10/22/24)
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
William Creevy MDWILLIAM CREEVY MD
TREASURER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ravin Davidoff MDRAVIN DAVIDOFF MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Harley DavidsonHARLEY DAVIDSON
DIRECTOR (AS OF 1/22/25)
- Total calculated
- $0
- Hours/week
- 1
-
Denise De Las Nueces MDDENISE DE LAS NUECES MD
DIRECTOR (THRU 10/23/24)
- Total calculated
- $0
- Hours/week
- 1
-
Sherry EllisSHERRY ELLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael FischerMICHAEL FISCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Guy FishGUY FISH
DIRECTOR (AS OF 10/23/24)
- Total calculated
- $0
- Hours/week
- 1
-
William J Halpin JrWILLIAM J HALPIN JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Spiros HatirasSPIROS HATIRAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David HendersonDAVID HENDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Thea James MDTHEA JAMES MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chuck JonesCHUCK JONES
DIRECTOR (THRU 10/23/24)
- Total calculated
- $0
- Hours/week
- 1
-
Kelly LannuttiKELLY LANNUTTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stan McLarenSTAN MCLAREN
DIRECTOR (AS OF 1/22/25)
- Total calculated
- $0
- Hours/week
- 1
-
Charles MurphyCHARLES MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle NadowMICHELLE NADOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Geoffrey OpdykeGEOFFREY OPDYKE
DIRECTOR (AS OF 10/23/24)
- Total calculated
- $0
- Hours/week
- 1
-
Amy PfefferAMY PFEFFER
DIRECTOR (THRU 1/1/25)
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia SierraCYNTHIA SIERRA
PRESIDENT/DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Guale ValdezGUALE VALDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen WilsonSTEPHEN WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David BeckDAVID BECK
CLERK
- Total calculated
- $0
- Hours/week
- 1 + 3 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
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BMC INTEGRATED CARE SERVICES INC
501 (C) (3) · HEALTHCARE · MA
Directly controlled by BMCBACO
-
BOSTON MEDICAL CENTER-SOUTH CORPORATION
501 (C) (3) · HEALTHCARE · MA · controlled entity
Directly controlled by BMCHS
-
BOSTON MEDICAL CENTER-BRIGHTON CORPORATION
501 (C) (3) · HEALTHCARE · MA · controlled entity
Directly controlled by BMCHS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 August 2026
- IRS schema version
- 2024v5.5
- Source object
- 202612269349301046
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