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Nonprofiteer
← TUFTS MEDICAL CENTER PARENT INC

Form 990 for tax year 2024

Filed by TUFTS MEDICAL CENTER PARENT INC.

Totals

Total revenue
$1,163,452
Total expenses
$1,207,358
Contributions and grants received
$585,349
Grants paid
$0
Program service revenue
$0
Investment income
$235,654
Other revenue
$342,449
Total assets, end of year
$8,962,022
Total liabilities, end of year
$266,519
Net assets or fund balances, end of year
$8,695,503
Program services expenses (Part IX)
$543,311
Management and general expenses
$120,736
Fundraising expenses
$543,311
Program service expenses (Part III)
$543,311

Program services were 45.0% 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.

  • 1c · Fundraising events

    $120,508

  • 1f · All other contributions, gifts and grants

    $464,841

  • 3 · Investment income

    total $182,306 · excluded $182,306

  • 7a · Gross sales of assets other than inventory

    securities $53,348

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $53,348

  • 7d · Net gain or loss

    total $53,348 · excluded $53,348

  • 8a · Fundraising events: gross income

    $1,302,698

  • 8a · Fundraising events: contributions included on line 1c

    $120,508

  • 8b · Fundraising events: direct expenses

    $960,249

  • 8c · Net income from fundraising events

    total $342,449 · excluded $342,449

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $417,149 · program services $187,717 · management and general $41,715 · fundraising $187,717

  • 9 · Other employee benefits

    total $117,769 · program services $52,996 · management and general $11,777 · fundraising $52,996

  • 11a · Fees: management

    total $451,416 · program services $203,137 · management and general $45,142 · fundraising $203,137

  • 13 · Office expenses

    total $55,356 · program services $24,910 · management and general $5,536 · fundraising $24,910

  • 16 · Occupancy

    total $50,313 · program services $22,641 · management and general $5,031 · fundraising $22,641

  • 17 · Travel

    total $5,018 · program services $2,258 · management and general $502 · fundraising $2,258

  • 22 · Depreciation, depletion and amortization

    total $69,633 · program services $31,335 · management and general $6,963 · fundraising $31,335

  • 24a · Other expenses: MISCELLANEOUS

    total $25,551 · program services $11,498 · management and general $2,555 · fundraising $11,498

  • 24b · Other expenses: BANK FEES

    total $15,153 · program services $6,819 · management and general $1,515 · fundraising $6,819

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $661,066 · end of year $1,082,842

  • 4 · Accounts receivable

    beginning of year $191 · end of year $377

  • 10a · Land, buildings and equipment: cost or other basis

    $2,923,334

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,537,619

  • 10c · Land, buildings and equipment, net

    beginning of year $455,349 · end of year $385,715

  • 11 · Investments: publicly traded securities

    beginning of year $7,489,936 · end of year $7,493,088

  • 25 · Other liabilities

    beginning of year $0 · end of year $266,519

  • 27 · Net assets without donor restrictions

    beginning of year $8,494,597 · end of year $8,583,558

  • 28 · Net assets with donor restrictions

    beginning of year $111,945 · end of year $111,945

Mission and programs · 2024

Mission

TO SUPPORT HOSPITAL PATIENTS SUFFERING FROM CANCER AND OTHER LIFE THREATENING DISEASES AND THEIR FAMILIES; ALSO TO GRANT WISHES OF CHILDREN WITH CANCER.

  • THE FOUNDATION PROVIDES HOUSING (THE NEELY HOUSE) & OTHER SUPPORT SERVICES FOR THE FAMILIES OF PEDIATRIC PATIENTS SUFFERING FROM CANCER.

    Expenses $301,840

  • THE NEELY CANCER FUND IS DEDICATED TO FINDING NEW WAYS TO IMPROVE THE LIVES OF CANCER PATIENTS AND THEIR FAMILIES DURING AND AFTER TREATMENT.

    Expenses $241,471

As filed on the 2024 return.

Listed in Part VII

  • ZACHARY REDMOND ESQ

    SECRETARY

    Total calculated
    $693,637
    From this org
    $0
    From related orgs
    $586,258
    Other
    $107,379
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $494,363 related
    Bonus
    $0 + $37,950 related
    Other
    $0 + $53,945 related
    Deferred
    $0 + $81,422 related
    Nontaxable benefits
    $0 + $25,957 related
    Filer's total
    $0 + $693,637 related

  • PAULINA NEELY

    TRUSTEE/VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KEVIN BENNETT

    TRUSTEE

    Total calculated
    $287,479
    From this org
    $0
    From related orgs
    $267,015
    Other
    $20,464
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $258,452 related
    Bonus
    $0 + $7,456 related
    Other
    $0 + $1,107 related
    Deferred
    $0 + $7,867 related
    Nontaxable benefits
    $0 + $12,597 related
    Filer's total
    $0 + $287,479 related

  • ANDREW DEVOE

    TRUSTEE/TREASURER

    Total calculated
    $1,148,895
    From this org
    $0
    From related orgs
    $1,123,052
    Other
    $25,843
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $853,264 related
    Bonus
    $0 + $256,959 related
    Other
    $0 + $12,829 related
    Deferred
    $0 + $6,578 related
    Nontaxable benefits
    $0 + $19,265 related
    Filer's total
    $0 + $1,148,895 related

  • PHIL OKALA

    TRUSTEE

    Total calculated
    $1,816,696
    From this org
    $0
    From related orgs
    $1,780,793
    Other
    $35,903
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,332,791 related
    Bonus
    $0 + $337,500 related
    Other
    $0 + $110,502 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $26,003 related
    Filer's total
    $0 + $1,816,696 related

  • CAMERON M NEELY

    TRUSTEE/PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ANDREW OSOFSKY

    DIRECTOR OF OPERATION

    Total calculated
    $149,834
    From this org
    $135,059
    From related orgs
    $0
    Other
    $14,775
    Hours/week
    40

  • ASSAD SIDDIQI

    FORMER TRUSTEE/TREASURER

    Total calculated
    $302,395
    From this org
    $0
    From related orgs
    $233,414
    Other
    $68,981
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,183 related
    Bonus
    $0
    Other
    $0 + $231 related
    Deferred
    $0 + $62,379 related
    Nontaxable benefits
    $0 + $6,602 related
    Filer's total
    $0 + $302,395 related

  • MICHAEL TARNOFF MD

    FORMER TRUSTEE

    Total calculated
    $1,745,976
    From this org
    $0
    From related orgs
    $1,564,033
    Other
    $181,943
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,442 related
    Bonus
    $0
    Other
    $0 + $1,284,591 related
    Deferred
    $0 + $174,124 related
    Nontaxable benefits
    $0 + $7,819 related
    Filer's total
    $0 + $1,745,976 related

  • DIANA RICHARDSON

    FORMER TRUSTEE

    Total calculated
    $1,224,871
    From this org
    $0
    From related orgs
    $1,100,883
    Other
    $123,988
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,997 related
    Bonus
    $0
    Other
    $0 + $908,886 related
    Deferred
    $0 + $118,289 related
    Nontaxable benefits
    $0 + $5,699 related
    Filer's total
    $0 + $1,224,871 related

  • TIFFANY REED

    FORMER TRUSTEE

    Total calculated
    $287,953
    From this org
    $0
    From related orgs
    $252,532
    Other
    $35,421
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,277 related
    Bonus
    $0
    Other
    $0 + $255 related
    Deferred
    $0 + $23,293 related
    Nontaxable benefits
    $0 + $12,128 related
    Filer's total
    $0 + $287,953 related

  • CARL HEILMAN

    FORMER TRUSTEE

    Total calculated
    $1,061,046
    From this org
    $0
    From related orgs
    $1,001,072
    Other
    $59,974
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $837,148 related
    Bonus
    $0 + $157,066 related
    Other
    $0 + $6,858 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $25,474 related
    Filer's total
    $0 + $1,061,046 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
LINE 4B: SECTION 457(F) RETIREMENT PLAN EMPLOYER DEFERRALS: ZACHARY REDMOND $ 74,285 DIANA RICHARDSON: $ 112,372 MICHAEL TARNOFF: $ 165,561 ASSAD SIDDIQI: $ 56,259 TIFFANY REED: $ 15,577
PART I, LINE 4A
DIANA RICHARDSON RECEIVED $528,329 OF SEVERANCE IN CALENDAR YEAR 2024. MICHAEL TARNOFF RECEIVED $767,746 OF SEVERANCE IN CALENDAR YEAR 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202612269349300636

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