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Nonprofiteer
← BOSTON CHILDRENS NETWORK SPECIALTY PHYSICIANS INC

Form 990 for tax year 2024

Filed by BOSTON CHILDRENS NETWORK SPECIALTY PHYSICIANS INC.

Totals

Total revenue
$27,367,896
Total expenses
$27,208,793
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$27,208,763
Investment income
$155,312
Other revenue
$3,821
Total assets, end of year
$13,995,033
Total liabilities, end of year
$15,807,715
Net assets or fund balances, end of year
-$1,812,682
Program services expenses (Part IX)
$26,133,310
Management and general expenses
$1,075,483
Fundraising expenses
$0
Program service expenses (Part III)
$26,133,310

Program services were 96.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Peter Laussen MD

    President & Director

    Total calculated
    $1,557,949
    From this org
    $0
    From related orgs
    $1,448,138
    Other
    $109,811
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $917,563 related
    Bonus
    $0 + $377,010 related
    Other
    $0 + $153,565 related
    Deferred
    $0 + $37,950 related
    Nontaxable benefits
    $0 + $71,861 related
    Filer's total
    $0 + $1,557,949 related

  • Geoffrey Binney Jr MD

    Treasurer & Director

    Total calculated
    $583,479
    From this org
    $507,897
    From related orgs
    $0
    Other
    $75,582
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $484,191
    Bonus
    $20,323
    Other
    $3,383
    Deferred
    $37,950
    Nontaxable benefits
    $37,632
    Filer's total
    $583,479

  • Jaclyn Boulais MD

    Director

    Total calculated
    $529,072
    From this org
    $476,219
    From related orgs
    $0
    Other
    $52,853
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $437,743
    Bonus
    $38,016
    Other
    $460
    Deferred
    $37,950
    Nontaxable benefits
    $14,903
    Filer's total
    $529,072

  • Charles Hannum MD

    Director

    Total calculated
    $283,925
    From this org
    $231,931
    From related orgs
    $0
    Other
    $51,994
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $204,145
    Bonus
    $27,431
    Other
    $355
    Deferred
    $15,056
    Nontaxable benefits
    $36,938
    Filer's total
    $283,925

  • Shirley Huang MD

    Director (End term 12/24)

    Total calculated
    $420,701
    From this org
    $344,907
    From related orgs
    $0
    Other
    $75,794
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $314,665
    Bonus
    $29,301
    Other
    $941
    Deferred
    $37,950
    Nontaxable benefits
    $37,844
    Filer's total
    $420,701

  • Tiffany Perkins MD

    Director

    Total calculated
    $233,556
    From this org
    $209,172
    From related orgs
    $0
    Other
    $24,384
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $190,017
    Bonus
    $18,782
    Other
    $373
    Deferred
    $23,764
    Nontaxable benefits
    $620
    Filer's total
    $233,556

  • Richard Robertson MD

    Clerk & Director

    Total calculated
    $822,894
    From this org
    $0
    From related orgs
    $740,757
    Other
    $82,137
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $658,820 related
    Bonus
    $0 + $27,818 related
    Other
    $0 + $54,119 related
    Deferred
    $0 + $35,000 related
    Nontaxable benefits
    $0 + $47,137 related
    Filer's total
    $0 + $822,894 related

  • Monica Ultmann MD

    Director (End term 12/24)

    Total calculated
    $80,962
    From this org
    $73,199
    From related orgs
    $0
    Other
    $7,763
    Hours/week
    55

  • Mark V Zilberman MD

    Director

    Total calculated
    $489,261
    From this org
    $450,145
    From related orgs
    $0
    Other
    $39,116
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $328,773
    Bonus
    $118,902
    Other
    $2,470
    Deferred
    $37,950
    Nontaxable benefits
    $1,166
    Filer's total
    $489,261

  • Jane Harrington MD

    Director (End term 12/24)

    Total calculated
    $191,037
    From this org
    $146,054
    From related orgs
    $0
    Other
    $44,983
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $133,684
    Bonus
    $12,152
    Other
    $218
    Deferred
    $7,684
    Nontaxable benefits
    $37,299
    Filer's total
    $191,037

  • Kevin Petit MD

    Director (End term 12/24)

    Total calculated
    $370,943
    From this org
    $299,621
    From related orgs
    $0
    Other
    $71,322
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $296,036
    Bonus
    $0
    Other
    $3,585
    Deferred
    $33,680
    Nontaxable benefits
    $37,642
    Filer's total
    $370,943

  • Cathleen Bonacci MD

    Director (Begin term 1/25)

    Total calculated
    $184,679
    From this org
    $131,791
    From related orgs
    $0
    Other
    $52,888
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $127,662
    Bonus
    $3,750
    Other
    $379
    Deferred
    $15,666
    Nontaxable benefits
    $37,222
    Filer's total
    $184,679

  • Thomas Guggina MD

    Director (Begin term 1/25)

    Total calculated
    $346,830
    From this org
    $346,830
    From related orgs
    $0
    Other
    $0
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $317,135
    Bonus
    $28,633
    Other
    $1,062
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $346,830

  • Arnold Sansevere MD

    Director (Begin term 1/25)

    Total calculated
    $140,156
    From this org
    $140,156
    From related orgs
    $0
    Other
    $0
    Hours/week
    55

  • Hayley Wilcox MD

    Director (Begin term 1/25)

    Total calculated
    $374,676
    From this org
    $329,899
    From related orgs
    $0
    Other
    $44,777
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $324,519
    Bonus
    $5,000
    Other
    $380
    Deferred
    $7,038
    Nontaxable benefits
    $37,739
    Filer's total
    $374,676

  • Rachana Singh MD

    Physician

    Total calculated
    $509,353
    From this org
    $433,634
    From related orgs
    $0
    Other
    $75,719
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $424,109
    Bonus
    $8,633
    Other
    $892
    Deferred
    $37,950
    Nontaxable benefits
    $37,769
    Filer's total
    $509,353

  • Jonathan Davis MD

    Physician

    Total calculated
    $453,830
    From this org
    $377,852
    From related orgs
    $0
    Other
    $75,978
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $369,928
    Bonus
    $0
    Other
    $7,924
    Deferred
    $37,950
    Nontaxable benefits
    $38,028
    Filer's total
    $453,830

  • Shahenda Aly MD

    Physician

    Total calculated
    $424,379
    From this org
    $371,782
    From related orgs
    $0
    Other
    $52,597
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $371,324
    Bonus
    $0
    Other
    $458
    Deferred
    $37,950
    Nontaxable benefits
    $14,647
    Filer's total
    $424,379

  • Liwen Tang MD

    Physician

    Total calculated
    $407,109
    From this org
    $353,719
    From related orgs
    $0
    Other
    $53,390
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $292,061
    Bonus
    $60,793
    Other
    $865
    Deferred
    $37,950
    Nontaxable benefits
    $15,440
    Filer's total
    $407,109

  • Khoa Tran MD

    Physician

    Total calculated
    $429,338
    From this org
    $353,606
    From related orgs
    $0
    Other
    $75,732
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $277,506
    Bonus
    $75,652
    Other
    $448
    Deferred
    $37,950
    Nontaxable benefits
    $37,782
    Filer's total
    $429,338

  • Doug Vanderslice

    Former Treasurer

    Total calculated
    $1,953,676
    From this org
    $0
    From related orgs
    $1,859,177
    Other
    $94,499
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,054,348 related
    Bonus
    $0 + $522,489 related
    Other
    $0 + $282,340 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $59,999 related
    Filer's total
    $0 + $1,953,676 related

  • Michele Garvin Esq

    Former Clerk

    Total calculated
    $1,054,550
    From this org
    $0
    From related orgs
    $979,529
    Other
    $75,021
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $643,416 related
    Bonus
    $0 + $185,938 related
    Other
    $0 + $150,175 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $40,521 related
    Filer's total
    $0 + $1,054,550 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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, Line 3
Boston Children's Network Specialty Physicians, Inc. relies on Children's Hospital Corporation, a related organization, to review and approve the compensation paid to individuals listed in Part II.
Part I, Line 4b
Children's Hospital Corporation, a related organization, made contributions to the supplemental non-qualified retirement plan for the individuals listed below. Contribution amounts are generally based on a percentage of compensation. Participants of the supplemental executive retirement plan are fully vested. All payments with respect to a participant's separation from service will be made in a single sum following the separation from service unless participant has elected to receive the accrued interest portion of his or her account in three annual installments. Contributions were for Children's Hospital Corporation employee benefits and not for Boston Children's Network Specialty Physicians, Inc.'s Director or Officer of the Board services and/or responsibilities. During calendar year 2024, Children's Hospital Corporation made contributions to the supplemental non-qualified retirement plan for the individuals listed below: Douglas Vanderslice received a contribution of $273,489 Peter Laussen, MD received a contribution of $144,503 Michele Garvin, Esq. received a contribution of $133,545 During calendar year 2024, no individuals received supplemental executive retirement plan distributions from Children's Hospital Corporation.

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 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
202642299349302739

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