Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $96,814

• 1c · Fundraising events

  $23,200,209

• 1d · Related organizations

  $887,893

• 1e · Government grants (contributions)

  $190,820,918

• 1f · All other contributions, gifts and grants

  $564,147,867

• 1g · Noncash contributions included above

  $33,140,511

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $2,599,181,707 · related or exempt $2,599,181,707

• 2b · Program service revenue: NETWORK COLLABORATION

  total $9,721,644 · related or exempt $9,721,644

• 2c · Program service revenue: LINAC

  total $2,587,713 · related or exempt $2,587,713

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $5,694,108 · excluded $5,694,108

• 5 · Royalties

  total $63,118,132 · excluded $63,118,132

• 6a · Gross rents

  real property $1,396,784

• 6c · Rental income or loss

  real property $1,396,784 · personal property $0

• 6d · Net rental income or loss

  total $1,396,784 · excluded $1,396,784

• 7c · Gain or loss

  securities $0 · other assets $0

• 8a · Fundraising events: gross income

  $480,682

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

  $23,200,209

• 8b · Fundraising events: direct expenses

  $3,808,166

• 8c · Net income from fundraising events

  total -$3,327,484 · excluded -$3,327,484

• 11a · Other revenue: FOOD SERVICE REVENUE

  total $5,102,880 · excluded $5,102,880

• 11b · Other revenue: PARKING LOT REVENUE

  total $4,997,539 · excluded $4,997,539

• 11c · Other revenue: BOUTIQUE/GIFT SHOP

  total $1,005,014 · excluded $1,005,014

• 11d · All other revenue

  total $2,962,972 · related or exempt $0 · unrelated business $41,707 · excluded $2,921,265

• 11e · Other revenue, total

  $14,068,405

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,314,031 · program services $4,314,031

• 2 · Grants to domestic individuals

  total $3,266,966 · program services $3,266,966

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $10,662,131 · program services $3,467,916 · management and general $6,255,887 · fundraising $938,328

• 6 · Compensation of disqualified persons

  total $2,411,212 · program services $1,955,212 · management and general $456,000 · fundraising $0

• 7 · Other salaries and wages

  total $849,847,817 · program services $722,094,797 · management and general $96,484,783 · fundraising $31,268,237

• 8 · Pension plan contributions

  total $54,571,334 · program services $46,008,402 · management and general $6,526,181 · fundraising $2,036,751

• 9 · Other employee benefits

  total $104,905,987 · program services $88,444,912 · management and general $12,641,789 · fundraising $3,819,286

• 10 · Payroll taxes

  total $60,077,503 · program services $50,650,583 · management and general $7,184,664 · fundraising $2,242,256

• 11a · Fees: management

  total $5,597,203 · program services $4,927,775 · management and general $669,214 · fundraising $214

• 11b · Fees: legal

  total $19,812,072 · program services $11,423,703 · management and general $8,388,369 · fundraising $0

• 11c · Fees: accounting

  total $979,575 · program services $0 · management and general $979,575 · fundraising $0

• 11d · Fees: lobbying

  total $764,891 · program services $764,891 · management and general $0 · fundraising $0

• 11e · Fees: professional fundraising services

  total $5,632,350 · fundraising $5,632,350

• 11g · Fees: other

  total $109,902,186 · program services $87,633,393 · management and general $21,520,288 · fundraising $748,505

• 12 · Advertising and promotion

  total $10,190,777 · program services $7,031,784 · management and general $2,033,117 · fundraising $1,125,876

• 13 · Office expenses

  total $26,630,397 · program services $21,401,140 · management and general $4,255,319 · fundraising $973,938

• 14 · Information technology

  total $95,779,401 · program services $87,697,631 · management and general $7,931,608 · fundraising $150,162

• 16 · Occupancy

  total $159,959,259 · program services $134,829,329 · management and general $25,126,261 · fundraising $3,669

• 17 · Travel

  total $12,069,110 · program services $10,838,039 · management and general $1,119,421 · fundraising $111,650

• 19 · Conferences, conventions and meetings

  total $4,702,975 · program services $1,169,717 · management and general $2,491,939 · fundraising $1,041,319

• 20 · Interest

  total $26,930,048 · program services $26,633,712 · management and general $296,336 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $89,512,612 · program services $79,314,907 · management and general $10,197,705 · fundraising $0

• 23 · Insurance

  total $8,660,747 · program services $284,665 · management and general $8,376,082 · fundraising $0

• 24a · Other expenses: PHARMACEUTICALS

  total $1,336,948,205 · program services $1,336,948,205 · management and general $0 · fundraising $0

• 24b · Other expenses: MEDICAL SUPPLIES

  total $141,916,291 · program services $141,516,183 · management and general $400,108 · fundraising $0

• 24c · Other expenses: OTHER PATIENT CARE EXPENSE

  total $47,110,602 · program services $47,110,602 · management and general $0 · fundraising $0

• 24d · Other expenses: BAD DEBT EXPENSE

  total $5,200,375 · program services $5,200,375 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $159,788,700 · program services $151,493,104 · management and general $7,682,238 · fundraising $613,358

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $89,329,951 · end of year $81,120,933

• 3 · Pledges and grants receivable

  beginning of year $86,742,438 · end of year $81,609,743

• 4 · Accounts receivable

  beginning of year $302,351,892 · end of year $338,818,104

• 5 · Loans and receivables from officers and key people

  beginning of year $479,137 · end of year $488,479

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $82,174,522 · end of year $87,864,118

• 9 · Prepaid expenses and deferred charges

  beginning of year $106,554,859 · end of year $137,272,053

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

  $2,281,047,728

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

  $1,295,184,618

• 10c · Land, buildings and equipment, net

  beginning of year $933,280,803 · end of year $985,863,110

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $7,894,580 · end of year $7,894,580

• 15 · Other assets

  beginning of year $3,126,436,883 · end of year $3,627,945,507

• 17 · Accounts payable and accrued expenses

  beginning of year $212,881,914 · end of year $253,302,762

• 20 · Tax-exempt bond liabilities

  beginning of year $487,342,000 · end of year $479,709,000

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $69,357,000 · end of year $67,364,000

• 25 · Other liabilities

  beginning of year $605,089,312 · end of year $637,419,474

• 27 · Net assets without donor restrictions

  beginning of year $1,735,209,356 · end of year $2,005,198,802

• 28 · Net assets with donor restrictions

  beginning of year $1,625,365,483 · end of year $1,905,882,589

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments

FOR THE FOLLOWING, BENEFITS REPORTED IN PART VII INCLUDES GROSS-UP PAYMENTS FOR AN EMPLOYEE RECOGNITION PROGRAM AWARD: 5 KEY EMPLOYEES 3 OFFICERS 1 HIGHEST-COMPENSATED EMPLOYEES

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THE FOLLOWING INDIVIDUALS PARTICIPATE IN 457(F) PLANS ESTABLISHED BY DFCI; TAXABLE AMOUNTS ARE INCLUDED IN REPORTABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III): Laurie Glimcher, MD - $136,433 William Hahn, MD, Ph.D - $77,325 Michael Reney - $59,475 Craig A. Bunnell, MD - $52,110 Melany Duval - $51,728 Michael Constantine, MD - $47,475 Scott Armstrong, MD - $38,700 Robert Soiffer, MD - $37,113 Bruce Johnson, MD - $30,269 Jeffrey Meyerhardt, MD - $29,453 Maria Megdal - $26,382 Kevin Haigis, Ph.D - $26,177 Barrett J. Rollins, MD, Ph.D - $22,983

Schedule J, Part I, Line 7 Non-fixed payments

DURING THE YEAR, THE CEO, COO, CFO, GENERAL COUNSEL, CERTAIN KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES WERE ELIGIBLE TO RECEIVE AN INCENTIVE PAYMENT, A PORTION OF WHICH HAS A NON-FIXED PAYMENT PAYABLE AT THE DISCRETION OF THE CEO AND IN THE CASE OF THE CEO, THE BOARD OF TRUSTEES. THE MAXIMUM NON-FIXED PORTION OF THESE INCENTIVE PAYMENTS IS BETWEEN 8% (CEO - 40% MAX, OF THAT 32% TEAM, 8% INDIVIDUAL) AND 4% (SVP - 20% MAX, OF THAT 16% TEAM AND 4% INDIVIDUAL; VP - 10% MAX, OF THAT 6% TEAM AND 4% INDIVIDUAL; AND (EVP - 30% MAX, OF THAT 24% TEAM AND 6% INDIVIDUAL). OTHER REPORTABLE COMPENSATION INCLUDES LOAN FORGIVENESS AND CURRENT YEAR VESTING AMOUNTS IN DANA-FARBER INSTITUTE'S SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN.

Disregarded entities

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

• DANA-FARBER GLOBAL ONCOLOGY LLC

  INTERNATIONAL ONCOLOGY · MA · income $182,940 · assets $7,805,851

  Directly controlled by DFCI

• BINNEY STREET CAPITAL FUND LLC

  INVESTMENTS · DE · income -$1,246,580 · assets $6,817,920

  Directly controlled by DFI

• Dana-Farber National Workforce LLC

  Professional employer organization · MA · income $0 · assets $0

  Directly controlled by DFCI

Related partnerships

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

• MGB DF INTL LLC

  N/A · INTERNATIONAL CONSULTING · DE · 50% owned · share of income -$2,304 · share of assets -$144,110

  Directly controlled by NA