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Nonprofiteer
← BOSTON MEDICAL CENTER-SOUTH CORPORATION

Form 990 for tax year 2024

Filed by BOSTON MEDICAL CENTER-SOUTH CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 14 August 2015. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$0 changed to $426,073,306
Total expenses
$0 changed to $325,742,923
Contributions and grants received
$0 changed to $186,864,760
Program service revenue
$0 changed to $238,342,815
Investment income
$0 changed to $218,647
Other revenue
$0 changed to $647,084
Total assets, end of year
$107,000,000 changed to $251,828,832
Total liabilities, end of year
$107,000,000 changed to $151,498,449
Net assets or fund balances, end of year
$0 changed to $100,330,383
Program services expenses
$0 changed to $246,388,552
Management and general expenses
$0 changed to $79,354,371
Program service expenses (Part III)
not reported changed to $246,388,552

Listed only on the later return

  • John Friel
  • Matthew Hesketh
  • Richard Burke
  • Richard Venditti
  • Sumon Roy
  • Valentin Atanassov

Listed under a different title

  • Alastair Bell MD: PRESIDENT/TRUSTEE then BOARD PRESIDENT/TRUSTEE

Totals

Total revenue
$426,073,306
Total expenses
$325,742,923
Contributions and grants received
$186,864,760
Grants paid
$0
Program service revenue
$238,342,815
Investment income
$218,647
Other revenue
$647,084
Total assets, end of year
$251,828,832
Total liabilities, end of year
$151,498,449
Net assets or fund balances, end of year
$100,330,383
Program services expenses (Part IX)
$246,388,552
Management and general expenses
$79,354,371
Fundraising expenses
$0
Program service expenses (Part III)
$246,388,552

Program services were 75.6% 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.

  • 1e · Government grants (contributions)

    $186,864,760

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $237,368,547 · related or exempt $237,368,547

  • 2b · Program service revenue: OTHER PROGRAM SERVICE REVENUE

    total $974,268 · related or exempt $974,268

  • 3 · Investment income

    total $218,647 · excluded $218,647

  • 6a · Gross rents

    real property $2,059,293

  • 6b · Less rental expenses

    real property $1,781,772

  • 6c · Rental income or loss

    real property $277,521

  • 6d · Net rental income or loss

    total $277,521 · excluded $277,521

  • 11a · Other revenue: CAFETERIA

    total $369,563 · excluded $369,563

  • 11e · Other revenue, total

    $369,563

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $467,136 · management and general $467,136

  • 7 · Other salaries and wages

    total $119,499,040 · program services $105,530,923 · management and general $13,968,117

  • 8 · Pension plan contributions

    total $2,230,828 · program services $1,960,840 · management and general $269,988

  • 9 · Other employee benefits

    total $10,617,142 · program services $9,423,795 · management and general $1,193,347

  • 10 · Payroll taxes

    total $10,825,528 · program services $9,523,689 · management and general $1,301,839

  • 11b · Fees: legal

    total $32,561 · management and general $32,561

  • 11g · Fees: other

    total $44,762,630 · program services $16,998,695 · management and general $27,763,935

  • 12 · Advertising and promotion

    total $1,712 · management and general $1,712

  • 13 · Office expenses

    total $1,197,459 · program services $741,133 · management and general $456,326

  • 14 · Information technology

    total $789,518 · program services $6,391 · management and general $783,127

  • 16 · Occupancy

    total $9,123,980 · program services $8,027,253 · management and general $1,096,727

  • 17 · Travel

    total $15,977 · program services $12,598 · management and general $3,379

  • 19 · Conferences, conventions and meetings

    total $13,369 · program services $9,939 · management and general $3,430

  • 20 · Interest

    total $825,401 · program services $726,132 · management and general $99,269

  • 22 · Depreciation, depletion and amortization

    total $6,782,682 · program services $5,966,945 · management and general $815,737

  • 23 · Insurance

    total $1,469,027 · program services $1,469,027

  • 24a · Other expenses: PHYSICIAN SERVICES

    total $50,051,116 · program services $50,051,116

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $27,130,300 · program services $27,130,300

  • 24c · Other expenses: HSN ASSESSMENT FEES

    total $25,173,672 · management and general $25,173,672

  • 24d · Other expenses: DRUG EXPENSE

    total $5,469,755 · program services $5,469,755

  • 24e · All other expenses

    total $9,264,090 · program services $3,340,021 · management and general $5,924,069

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $101,102,560 · end of year $34,615,641

  • 4 · Accounts receivable

    beginning of year $0 · end of year $34,085,718

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $5,144,533

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $950,916

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

    $156,425,002

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

    $5,688,354

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $150,736,648

  • 15 · Other assets

    beginning of year $5,897,440 · end of year $26,295,376

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $38,699,523

  • 19 · Deferred revenue

    beginning of year $0 · end of year $48,635,240

  • 25 · Other liabilities

    beginning of year $107,000,000 · end of year $64,163,686

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $100,330,383

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • BOSTON MEDICAL CENTER-SOUTH (BMC-SOUTH) IS PART OF THE LARGEST SAFETY NET (ESSENTIAL) HEALTH SYSTEM IN NEW ENGLAND. IT IS A PRIVATE, NOT-FOR-PROFIT 224-LICENSED BED, ACUTE CARE HOSPITAL THAT OFFERS EXPANDED ACCESS TO COMPREHENSIVE CARE TO ALL IN NEED OF CARE, REGARDLESS OF STATUS AND ABILITY TO PAY. PATIENTS CAN RECEIVE CARE ACROSS MORE THAN 50 SPECIALTIES AND SUB-SPECIALTIES IN THEIR COMMUNITY. BMC-SOUTH IS DEDICATED TO IMPROVING THE OVERALL HEALTH AND WELLBEING OF ITS COMMUNITY THROUGH CULTURALLY AND LINGUISITALLY APPROPRIATE SUPPORT THAT ADDRESSES THE ROOT CAUSE OF CHRONIC DISEASES. BMC-SOUTH'S CARE TEAM IS DEEPLY INVOVLED IN COMMUNITY OUTREACH BY PARTICIPATING IN COMMUNITY EVENTS TO PROVIDE EDUCATION ON PREVENTION, SELF-CARE AND CONDITION MANAGEMENT. BMC-SOUTH'S EMERGENCY DEPARTMENT PROVIDES THE ONLY DESIGNATED LEVEL III TRAUMA CENTER IN OUR PRIMARY SERVICE AREA, OPEN 24/7.

    Expenses $246,388,552 · Revenue $238,342,815

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alastair Bell MD

    BOARD PRESIDENT/TRUSTEE

    Total calculated
    $2,199,373
    From this org
    $0
    From related orgs
    $1,919,294
    Other
    $280,079
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,280,083 related
    Bonus
    $0 + $512,500 related
    Other
    $0 + $126,711 related
    Deferred
    $0 + $274,150 related
    Nontaxable benefits
    $0 + $5,929 related
    Filer's total
    $0 + $2,199,373 related

  • Jesse Souweine

    TREASURER

    Total calculated
    $789,901
    From this org
    $0
    From related orgs
    $718,620
    Other
    $71,281
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $509,560 related
    Bonus
    $0 + $196,875 related
    Other
    $0 + $12,185 related
    Deferred
    $0 + $60,138 related
    Nontaxable benefits
    $0 + $11,143 related
    Filer's total
    $0 + $789,901 related

  • David Beck

    CLERK

    Total calculated
    $788,225
    From this org
    $0
    From related orgs
    $730,210
    Other
    $58,015
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $535,782 related
    Bonus
    $0 + $133,875 related
    Other
    $0 + $60,553 related
    Deferred
    $0 + $24,150 related
    Nontaxable benefits
    $0 + $33,865 related
    Filer's total
    $0 + $788,225 related

  • Matthew Hesketh

    PRESIDENT, BMC-SOUTH

    Total calculated
    $155,442
    From this org
    $143,441
    From related orgs
    $0
    Other
    $12,001
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $87,454
    Bonus
    $50,000
    Other
    $5,987
    Deferred
    $597
    Nontaxable benefits
    $11,404
    Filer's total
    $155,442

  • Valentin Atanassov

    PHYSICIAN

    Total calculated
    $158,841
    From this org
    $150,038
    From related orgs
    $0
    Other
    $8,803
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $133,538
    Bonus
    $16,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,803
    Filer's total
    $158,841

  • Sumon Roy

    PHYSICIAN

    Total calculated
    $153,446
    From this org
    $145,080
    From related orgs
    $0
    Other
    $8,366
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $91,754
    Bonus
    $50,000
    Other
    $3,326
    Deferred
    $0
    Nontaxable benefits
    $8,366
    Filer's total
    $153,446

  • Richard Burke

    PHYSICIAN

    Total calculated
    $142,993
    From this org
    $132,896
    From related orgs
    $0
    Other
    $10,097
    Hours/week
    50

  • John Friel

    PHYSICIAN

    Total calculated
    $132,623
    From this org
    $132,318
    From related orgs
    $0
    Other
    $305
    Hours/week
    50

  • Richard Venditti

    PHYSICIAN

    Total calculated
    $130,015
    From this org
    $129,710
    From related orgs
    $0
    Other
    $305
    Hours/week
    50

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2026
IRS schema version
2024v5.5
Source object
202642269349301819

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