Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $582,249

• 1f · All other contributions, gifts and grants

  $412,140

• 2a · Program service revenue: PATIENT SERVICE FEES

  total $26,885,842 · related or exempt $26,885,842

• 2b · Program service revenue: CONTRACT AND STAFF SER

  total $19,115,402 · related or exempt $19,115,402

• 2c · Program service revenue: TEACHING AND ADMINISTR

  total $5,126,208 · related or exempt $5,126,208

• 2d · Program service revenue: OTHER CONTRACT REVENUE

  total $363,243 · related or exempt $136,326 · unrelated business $226,917

• 3 · Investment income

  total $404,411 · excluded $404,411

• 7a · Gross sales of assets other than inventory

  securities $11,287,707

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

  securities $9,388,094

• 7c · Gain or loss

  securities $1,899,613

• 7d · Net gain or loss

  total $1,899,613 · excluded $1,899,613

• 11a · Other revenue: GAIN/LOSS ON EQUITY IN

  total $24,545 · unrelated business $24,545

• 11e · Other revenue, total

  $24,545

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $211,125 · program services $211,125

• 5 · Compensation of officers, directors and key employees

  total $5,509,381 · program services $4,655,279 · management and general $854,102

• 7 · Other salaries and wages

  total $33,858,914 · program services $31,046,304 · management and general $2,812,610

• 8 · Pension plan contributions

  total $3,029,496 · program services $2,323,970 · management and general $705,526

• 9 · Other employee benefits

  total $3,584,363 · program services $2,845,959 · management and general $738,404

• 10 · Payroll taxes

  total $2,176,654 · program services $1,723,910 · management and general $452,744

• 11b · Fees: legal

  total $49,273 · management and general $49,273

• 11c · Fees: accounting

  total $105,409 · management and general $105,409

• 11f · Fees: investment management

  total $99,316 · management and general $99,316

• 11g · Fees: other

  total $4,293,801 · program services $1,072,193 · management and general $3,221,608

• 12 · Advertising and promotion

  total $113,436 · management and general $113,436

• 13 · Office expenses

  total $773,458 · program services $565,920 · management and general $207,538

• 14 · Information technology

  total $467,622 · program services $267,907 · management and general $199,715

• 16 · Occupancy

  total $2,358,460 · program services $2,010,823 · management and general $347,637

• 20 · Interest

  total $86,284 · management and general $86,284

• 22 · Depreciation, depletion and amortization

  total $201,016 · program services $162,698 · management and general $38,318

• 23 · Insurance

  total $4,480,092 · program services $4,379,513 · management and general $100,579

• 24a · Other expenses: ACADEMIC ASSESSMENT

  total $989,498 · program services $989,498

• 24b · Other expenses: SURGICAL SUPPLIES

  total $605,441 · program services $585,793 · management and general $19,648

• 24c · Other expenses: RESEARCH EXPENSES

  total $101,227 · program services $101,227

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $214,419 · end of year $1,769,248

• 2 · Savings and temporary cash investments

  beginning of year $1,275,423

• 4 · Accounts receivable

  beginning of year $5,928,192 · end of year $6,275,677

• 9 · Prepaid expenses and deferred charges

  beginning of year $161,552 · end of year $156,085

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

  $4,023,281

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

  $2,020,178

• 10c · Land, buildings and equipment, net

  beginning of year $614,117 · end of year $2,003,103

• 11 · Investments: publicly traded securities

  beginning of year $34,340,900 · end of year $31,279,507

• 14 · Intangible assets

  beginning of year $221,361 · end of year $233,944

• 15 · Other assets

  beginning of year $4,648,927 · end of year $5,203,587

• 17 · Accounts payable and accrued expenses

  beginning of year $5,599,933 · end of year $5,344,901

• 23 · Secured mortgages and notes payable

  beginning of year $209,793 · end of year $1,208,490

• 24 · Unsecured notes and loans payable

  end of year $2,700,000

• 25 · Other liabilities

  beginning of year $21,266,922 · end of year $26,385,334

• 27 · Net assets without donor restrictions

  beginning of year $19,807,373 · end of year $10,697,285

• 28 · Net assets with donor restrictions

  beginning of year $520,870 · end of year $585,141

The filer's explanations (Part III)

PART I, LINE 4A

SEVERENCE PAID TO MATT UUSTAL FROM DOT 10/23/24 THROUGH 9/30/25 (AND INTO FY26)

Related corporations and trusts

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

• NEW ENGLAND MEDICAL BILLING INC

  S · MEDICAL BILLING · RI · 50.85% owned