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← BETH ISRAEL ANAESTHESIA FOUNDATION INC

Form 990 for tax year 2023

Filed by BETH ISRAEL ANAESTHESIA FOUNDATION INC.

Totals

Total revenue
$9,460,103
Total expenses
$8,197,812
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,119,776
Investment income
$332,824
Other revenue
$7,503
Total assets, end of year
$22,049,244
Total liabilities, end of year
$3,634,007
Net assets or fund balances, end of year
$18,415,237
Program services expenses (Part IX)
$8,083,006
Management and general expenses
$114,806
Fundraising expenses
$0
Program service expenses (Part III)
$8,083,006

Program services were 98.6% 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: PATIENT BILLING SVCS

    total $5,714,406 · related or exempt $5,714,406

  • 2b · Program service revenue: COURSE INCOME

    total $2,329,094 · related or exempt $2,329,094

  • 2c · Program service revenue: EXT REVENUE CLINICAL

    total $985,634 · related or exempt $985,634

  • 2d · Program service revenue: HMS INCOME

    total $90,642 · related or exempt $90,642

  • 3 · Investment income

    total $174,019 · unrelated business $26,556 · excluded $147,463

  • 5 · Royalties

    total $7,503 · excluded $7,503

  • 7a · Gross sales of assets other than inventory

    securities $158,805

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

    securities $0

  • 7c · Gain or loss

    securities $158,805

  • 7d · Net gain or loss

    total $158,805 · unrelated business $15,031 · excluded $143,774

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,379,924 · program services $3,379,924

  • 9 · Other employee benefits

    total $946,318 · program services $946,318

  • 11a · Fees: management

    total $91,622 · program services $91,622

  • 11f · Fees: investment management

    total $76,088 · management and general $76,088

  • 13 · Office expenses

    total $120,600 · program services $120,600

  • 14 · Information technology

    total $77,548 · program services $77,548

  • 16 · Occupancy

    total $423,871 · program services $423,871

  • 17 · Travel

    total $108,567 · program services $108,567

  • 19 · Conferences, conventions and meetings

    total $57,227 · program services $57,227

  • 22 · Depreciation, depletion and amortization

    total $38,718 · management and general $38,718

  • 24a · Other expenses: PURCHASED SERVICES

    total $1,912,786 · program services $1,912,786

  • 24b · Other expenses: AFFILIATED SUPPORT

    total $445,959 · program services $445,959

  • 24c · Other expenses: DUES AND LICENSES

    total $323,120 · program services $323,120

  • 24d · Other expenses: RE TAX & INS.

    total $56,071 · program services $56,071

  • 24e · All other expenses

    total $139,393 · program services $139,393

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,697,631 · end of year $5,738,964

  • 2 · Savings and temporary cash investments

    beginning of year $2,478,262 · end of year $2,695,892

  • 4 · Accounts receivable

    beginning of year $27,750 · end of year $580,259

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,715 · end of year $90,729

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

    $2,045,327

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

    $2,002,514

  • 10c · Land, buildings and equipment, net

    beginning of year $20,204 · end of year $42,813

  • 12 · Investments: other securities

    beginning of year $9,827,316 · end of year $12,243,035

  • 15 · Other assets

    beginning of year $75,273 · end of year $657,552

  • 17 · Accounts payable and accrued expenses

    beginning of year $336,606 · end of year $729,212

  • 19 · Deferred revenue

    end of year $988,973

  • 25 · Other liabilities

    beginning of year $1,505,082 · end of year $1,915,822

  • 27 · Net assets without donor restrictions

    beginning of year $14,297,463 · end of year $18,415,237

Mission and programs · 2023

Mission

THE MISSION OF BETH ISRAEL ANAESTHESIA FOUNDATION (THE FOUNDATION) IS TO SUPPORT THE PATIENT CARE, RESEARCH, AND TEACHING MISSIONS OF BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC) AND HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER (HMFP) AS WELL AS TO SUPPORT TEACHING AND RESEARCH AT THE PRESIDENT AND FELLOWS AT HARVARD COLLEGE/HARVARD MEDICAL SCHOOL (HMS).

Activities or mission (Part I)

TO SUPPORT MEDICAL RESEARCH, PROVIDE INSTRUCTION, AND IMPROVE PUBLIC HEALTH.

  • THE MISSION OF BETH ISRAEL ANAESTHESIA FOUNDATION (THE FOUNDATION) IS TO SUPPORT MEDICAL RESEARCH AND EDUCATION, PROVIDE INSTRUCTION, AND PARTICIPATE IN ACTIVITIES DESIGNED TO IMPROVE THE GENERAL PUBLIC HEALTH OF PATIENTS SERVED BY BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC), HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER (HMFP) AND THEIR AFFILIATES. THE FOUNDATION USES ITS FUNDS TO SUPPORT THE PHYSICIANS' WORK IN THE ANAESTHESIA DEPARTMENTS AT BIDMC AND HMFP AND TO STRENGTHEN THE DEPARTMENT BY SUPPORTING THE EDUCATIONAL REQUIREMENTS OF THE DEPARTMENT AND PHYSICIANS WORLDWIDE BY PROVIDING TRAINING SEMINARS AND OTHER CLASSES. THE FOUNDATION ALSO USES ITS FUNDS TO SUPPORT EXPENSES INCURRED BY ITS AFFILIATED ENTITIES WHICH BENEFIT THE PHYSICIANS AND OTHER PERSONNEL WHO ARE ENGAGED IN ACTIVITY RELATED TO THE ANESTHESIA FIELD. ALL ACTIVITIES THAT THE FOUNDATION PARTICIPATES IN ARE FOCUSED ON MEDICAL PROCEDURES, RESEARCH, AND OTHER ACTIVITIES THAT ARE INSPIRED TO ENHANCE METHODS UTILIZED IN THE ANAESTHESIA FIELD.DURING THE PERIOD COVERED BY THIS FILING, THE FOUNDATION PROVIDED TRAINING AND EDUCATION IN FURTHERANCE OF THE EDUCATIONAL MISSIONS OF BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC), HARVARD MEDICAL FACULTY PHYSICIANS AT BIDMC (HMFP), HARVARD MEDICAL SCHOOL (HMS) AND THEIR AFFILIATED ORGANIZATIONS.

    Expenses $2,739,410 · Revenue $2,887,626

  • PROVIDED BILLING SERVICES RELATED TO ANAESTHESIA SERVICES FOR PATIENTS OF BIDMC, HMFP, AND THEIR AFFILIATED ORGANIZATIONS.

    Expenses $5,343,596 · Revenue $6,232,150

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TALMOR MD MPH DANIEL

    DIR(EXO)& PRES; ANESTHESIA CHIEF/CHR

    Total calculated
    $1,006,796
    From this org
    $0
    From related orgs
    $904,678
    Other
    $102,118
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $834,880 related
    Bonus
    $0 + $3,920 related
    Other
    $0 + $65,878 related
    Deferred
    $0 + $61,876 related
    Nontaxable benefits
    $0 + $40,242 related
    Filer's total
    $0 + $1,006,796 related

  • HESS MD PHILIP

    DIR, SEC, & CLERK; ANESTHESIOLOGIST

    Total calculated
    $666,395
    From this org
    $0
    From related orgs
    $575,388
    Other
    $91,007
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $530,707 related
    Bonus
    $0 + $33,488 related
    Other
    $0 + $11,193 related
    Deferred
    $0 + $61,875 related
    Nontaxable benefits
    $0 + $29,132 related
    Filer's total
    $0 + $666,395 related

  • BOSE MD RUMA

    DIRECTOR; ANESTHESIOLOGIST

    Total calculated
    $613,644
    From this org
    $0
    From related orgs
    $506,409
    Other
    $107,235
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,789 related
    Bonus
    $0 + $31,100 related
    Other
    $0 + $12,520 related
    Deferred
    $0 + $61,875 related
    Nontaxable benefits
    $0 + $45,360 related
    Filer's total
    $0 + $613,644 related

  • SHAFF MD LESLIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FERRAZZA DAWN

    TREAS & CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $435,204
    From this org
    $0
    From related orgs
    $373,712
    Other
    $61,492
    Hours/week
    1 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,421 related
    Bonus
    $0 + $47,452 related
    Other
    $0 + $7,839 related
    Deferred
    $0 + $59,315 related
    Nontaxable benefits
    $0 + $2,177 related
    Filer's total
    $0 + $435,204 related

  • CAMERON SHANNON

    AFS EXECUTIVE DIRECTOR

    Total calculated
    $289,331
    From this org
    $0
    From related orgs
    $225,852
    Other
    $63,479
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,369 related
    Bonus
    $0 + $20,834 related
    Other
    $0 + $3,649 related
    Deferred
    $0 + $39,064 related
    Nontaxable benefits
    $0 + $24,415 related
    Filer's total
    $0 + $289,331 related

  • BLAKE TRACY

    AFS SENIOR MGR, OPERATIONS & HR

    Total calculated
    $154,756
    From this org
    $149,110
    From related orgs
    $0
    Other
    $5,646
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $149,110
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,646
    Filer's total
    $154,756

  • SKEENS ERIC

    AFS SR MGR, DATA INTEGRITY/PRJCT MGT

    Total calculated
    $108,054
    From this org
    $103,937
    From related orgs
    $0
    Other
    $4,117
    Hours/week
    55

  • BANNER GOODSPEED AARON

    AFS SENIOR MGR, REVENUE INTEGRITY

    Total calculated
    $105,198
    From this org
    $102,927
    From related orgs
    $0
    Other
    $2,271
    Hours/week
    55

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

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
AS NOTED THROUGHOUT BETH ISRAEL ANAESTHESIA FOUNDATION, INC.'S FORM 990, HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER (HMFP) SERVES AS THE SOLE MEMBER OF BETH ISRAEL ANAESTHESIA FOUNDATION, INC. IN THIS CAPACITY, THE HMFP COMPENSATION COMMITTEE SETS COMPENSATION FOR HMFP AND APHMFP EMPLOYEES. HMFP HAS A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT MEMBERS OF THE HMFP BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE CONDUCTS THE PROCESS OF DETERMINING COMPENSATION OF ALL INDIVIDUALS EMPLOYED BY HMFP AND FOR SPECIFICALLY THE CHIEF EXECUTIVE OFFICER, CHIEFS/CHAIRS OF SERVICE AND OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE COMPENSATION COMMITTEE UTILIZES COMPARATIVE INDUSTRY DATA, OUTSIDE CONSULTANTS AND OTHER OUTSIDE MARKET DATA TO HELP DETERMINE COMPENSATION AND HMFP HAS FORMAL COMPENSATION POLICIES THAT ARE DOCUMENTED AND REVIEWED BY THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE PRE-APPROVES COMPENSATION PLANS WHICH ARE DOCUMENTED IN A FORMALIZED MANNER BEFORE BEING PRESENTED TO EMPLOYEES. THE COMPENSATION COMMITTEE WAS RESPONSIBLE FOR ASSURING THAT THE TOTAL COMPENSATION COMPLIED WITH APPLICABLE LEGAL AND REGULATORY GUIDELINES AND THAT COMPENSATION PROVIDED TO THESE INDIVIDUALS WAS FAIR AND REASONABLE USING CURRENT AND CREDIBLE MARKET PRACTICE INFORMATION, NATIONAL DATA BENCHMARKING AND HARVARD MEDICAL SCHOOL GUIDELINES IN SETTING COMPENSATION. THE HMFP COMPENSATION COMMITTEE ALSO RELIED UPON WRITTEN COMPENSATION SURVEYS AND STUDIES THAT REGULARLY ASSESS COMPENSATION AND BENEFITS FOR CLINICAL CHIEFS OF SERVICE COMPARED WITH OTHER SIMILAR ORGANIZATIONS.
PART I, LINE 7
DURING THE 2023 CALENDAR YEAR THE FILING ORGANIZATION, AND/OR OTHER RELATED AFFILIATED ENTITIES WHICH EMPLOYED THE INDIVIDUALS REPORTED IN THIS FILING, MAINTAINED COMPENSATION PACKAGES WHICH INCLUDED OPPORTUNITIES TO EARN INCENTIVE COMPENSATION BASED ON A COMBINATION OF VARIOUS FACTORS, INCLUDING BUT NOT LIMITED TO, MEETING OR EXCEEDING THE EMPLOYING ENTITY'S OBJECTIVES FOR QUALITY AND PATIENT SAFETY, BUDGETED CONSOLIDATED OPERATING MARGIN, AND MEETING INDIVIDUAL GOALS AND OBJECTIVES. IN EACH CASE, INCENTIVE COMPENSATION WAS REVIEWED BY THE APPLICABLE COMPENSATION COMMITTEE WHICH WAS FULLY STAFFED BY INDEPENDENT MEMBERS.
ADDITIONAL EXPLANATORY NOTES:
DIRECTORS AND TRUSTEES SERVE WITHOUT COMPENSATION: ALL DIRECTORS/TRUSTEES SERVE WITHOUT COMPENSATION OR BENEFITS. COMPENSATION PAID TO OFFICERS, DIRECTORS/TRUSTEES OR KEY EMPLOYEES WAS EARNED FOR WORK PERFORMED IN A CAPACITY OTHER THAN THAT OF DIRECTOR/TRUSTEE, AS DENOTED BY THE LISTED TITLES IN THE NOTES BELOW. REPORTING PERIOD: AS REQUIRED BY FORM 990, COMPENSATION REPORTED IN THE FILING FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 IS CALENDAR YEAR 2023 COMPENSATION. COMPENSATION SOURCES: COMPENSATION REPORTED FOR INDIVIDUALS MAY INCLUDE COMPENSATION PAID BY THE REPORTING ENTITY, AN AFFILIATE OF THE REPORTING ENTITY AND IN SOME CASES UNRELATED ENTITIES AS REQUIRED BY FORM 990. REPORTABLE COMPENSATION: REPORTABLE COMPENSATION LISTED IN FORM 990 PART VII INCLUDES BASE COMPENSATION, INCENTIVE COMPENSATION AND OTHER REPORTABLE COMPENSATION AS REPORTED IN FORM 990 SCHEDULE J. OTHER COMPENSATION: OTHER COMPENSATION LISTED IN FORM 990 PART VII INCLUDES DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS AS REPORTED IN FORM 990 SCHEDULE J. BASE COMPENSATION: AMOUNTS NOT OTHERWISE SEPARATELY NOTED IN THIS RETURN BUT QUANTIFIED IN BASE COMPENSATION INCLUDE AMOUNTS FROM ONE OR MORE OF THE FOLLOWING ITEMS: ORDINARY WAGES, EMPLOYEE DEFERRALS TO A 401(K) AND/OR 403(B) PLAN OTHER REPORTABLE COMPENSATION: AMOUNTS NOT OTHERWISE SEPARATELY NOTED IN THIS RETURN BUT QUANTIFIED IN OTHER REPORTABLE COMPENSATION INCLUDE AMOUNTS FROM ONE OR MORE OF THE FOLLOWING ITEMS: TAXABLE EMPLOYER SUBSIDIZED PARKING; TAXABLE LIFE, DISABILITY, OR LONG-TERM CARE INSURANCE. DEFERRED COMPENSATION: AMOUNTS NOT OTHERWISE SEPARATELY NOTED BUT QUANTIFIED IN DEFERRED COMPENSATION INCLUDE AMOUNTS FROM ONE OR MORE OF THE FOLLOWING ITEMS: EMPLOYER CONTRIBUTIONS TO 401(K) RETIREMENT PLAN, EMPLOYER CONTRIBUTIONS TO 403(B) RETIREMENT PLAN, EMPLOYER CONTRIBUTION TO PENSION PLAN AND/OR THE CHANGE IN ACTUARIAL VALUE OF THE PENSION PLAN BENEFIT. NON-TAXABLE BENEFITS: AMOUNTS NOT OTHERWISE SEPARATELY NOTED BUT QUANTIFIED IN NON-TAXABLE BENEFITS INCLUDE, AMONG OTHER THINGS, AMOUNTS FROM ONE OR MORE OF THE FOLLOWING NON-TAXABLE BENEFITS: EMPLOYEE CONTRIBUTIONS TO HEALTH INSURANCE, EMPLOYER CONTRIBUTIONS TO HEALTH INSURANCE, EMPLOYEE CONTRIBUTIONS TO FLEXIBLE SPENDING ACCOUNTS FOR DEPENDENT CARE AND/OR MEDICAL REIMBURSEMENT, ADOPTION ASSISTANCE, TUITION ASSISTANCE PURSUANT TO AN EMPLOYER PLAN, GROUP TERM LIFE INSURANCE, DISABILITY INSURANCE ADDITIONAL INDIVIDUAL SPECIFIC INFORMATION IS INCLUDED BELOW. ADDITIONAL EXPLANATORY NOTES (CONTINUED): BOSE, M.D., RUMA - DIRECTOR; ANESTHESIOLOGIST - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. CAMERON, SHANNON - AFS EXECUTIVE DIRECTOR - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. FERRAZZA, DAWN - TREASURER & CHIEF ADMINISTRATIVE OFFICER - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. - TREASURER - CENTER FOR MEDICAL STIMULATION, INC. OTHER REPORTABLE COMPENSATION INCLUDES PAYMENTS FOR OTHER TAXABLE INSURANCE BENEFITS IN THE AMOUNT OF $6,639. HESS, M.D., PHILIP - DIRECTOR, SECRETARY, & CLERK; ANESTHESIOLOGIST - DIRECTOR, SECRETARY, & CLERK; ANESTHESIOLOGIST - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. LISBON, M.D., ALAN - FORMER DIRECTOR, CLERK; ANESTHESIOLOGIST, CRITICAL CARE-HMFP; EXEC. VICE CHAIR, ANESTHESIA, CRITICAL CARE & PAIN MEDICINE-BIDMC - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. TALMOR, M.D., MPH, DANIEL - DIRECTOR (EX-OFFICIO) & ANESTHESIA CHAIR - HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. - CHIEF OF ANESTHESIA - BETH ISRAEL DEACONESS MEDICAL CENTER, INC. - DIRECTOR - ASSOCIATED PHYSICIANS OF HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER, INC. - DIRECTOR (EX-OFFICIO) & PRESIDENT - BETH ISRAEL ANAESTHESIA FOUNDATION, INC. - PROFESSOR OF ANESTHESIA - HARVARD MEDICAL SCHOOL OTHER REPORTABLE COMPENSATION FOR DR. TALMOR INCLUDES COMBINED PTO PAID OUT IN THE AMOUNT OF $52,670 AND PAYMENTS FOR OTHER TAXABLE INSURANCE BENEFITS IN THE AMOUNT OF $12,429.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

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
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202512279349301831

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