Skip to the page content
Your donations
Passes our checks

Faculty Practice Foundation Inc

EIN 04-3289381 · Boston, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair52 out of 100GovernanceFair63 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SEE SCHEDULE O.

Income
$4.4 million
Spending
$7.0 million
Spent on programs
77%
Reserves
17.6 months of spending
Largest source of income
fees for its services, 97%
Employees
0
Volunteers
15

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 52 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 17.6 months of spending.

  • Debt

    2 of 20

    It owes 90% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 57% of income.

  • Income trend

    0 of 15

    Income fell 79% on the year before.

  • Spending floor

    15 of 15

    77% of spending went to programs.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 63 out of 100.

  • Independent board

    5 of 25

    3 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $5.3 million spent. FACULTY PRACTICE FOUNDATION, INC. IS AFFILIATED WITH THE FOLLOWING FACULTY PRACTICE PLANS ("THE PLANS") AND FACILITATES THE EFFICIENT AND EFFECTIVE PROVISION OF MEDICAL SERVICES TO THE COMMUNITY THROUGH THE PLANS: BOSTON EMERGENCY PHYSICIAN FOUNDATION, INC. BOSTON REHABILITATION MEDICINE ASSOCIATES, INC. BOSTON UNIVERSITY CARDIAC & THORACIC SURGICAL FOUNDATION, INC. BOSTON UNIVERSITY DERMATOLOGY SUPPORT SERVICES I, INC. BOSTON UNIVERSITY DERMATOLOGY SUPPORT SERVICES II, INC. BOSTON UNIVERSITY DERMATOLOGY, INC. BOSTON UNIVERSITY EYE ASSOCIATES, INC. BOSTON UNIVERSITY FAMILY MEDICINE, INC. BOSTON UNIVERSITY GENERAL SURGICAL ASSOCIATES, INC. BOSTON UNIVERSITY MALLORY PATHOLOGY ASSOCIATES, INC. BOSTON UNIVERSITY MEDICAL CENTER ANESTHESIOLOGISTS, INC. BOSTON UNIVERSITY MEDICAL CENTER OTOLARYNGOLOGIC FOUNDATION, INC. BOSTON UNIVERSITY MEDICAL CENTER RADIOLOGISTS, INC. BOSTON UNIVERSITY MEDICAL CENTER UROLOGISTS, INC. BOSTON UNIVERSITY NEUROLOGY ASSOCIATES, INC. BOSTON UNIVERSITY NEUROSURGICAL ASSOCIATES, INC. BOSTON UNIVERSITY OBSTETRICS & GYNECOLOGY FOUNDATION, INC. BOSTON UNIVERSITY ORTHOPAEDIC SURGICAL ASSOCIATES, INC. BOSTON UNIVERSITY PLASTIC SURGERY ASSOCIATES, INC. BOSTON UNIVERSITY PSYCHIATRY ASSOCIATES, INC. BOSTON UNIVERSITY RADIATION ONCOLOGY, INC. BOSTON UNIVERSITY SURGICAL ASSOCIATES, INC. CHILD HEALTH FOUNDATION OF BOSTON, INC. EVANS MEDICAL FOUNDATION, INC. THE FOUNDATION, INCORPORATED ON OCTOBER 18, 1994, IS A TAX-EXEMPT, NON-PROFIT MASSACHUSETTS CORPORATION OPERATED EXCLUSIVELY FOR CLINICAL, CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES. THE PLANS, ALSO TAX-EXEMPT, NON-PROFIT CORPORATIONS, WERE ESTABLISHED TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF BMC AND BOSTON UNIVERSITY CHOBANIAN & AVEDISIAN SCHOOL OF MEDICINE ("CHOBANIAN & AVEDISIAN SCHOOL") (COLLECTIVELY, THE "INSTITUTIONS"). THE FOUNDATION IS GRANTED THE POWER TO APPROVE THE PLANS' ANNUAL OPERATING BUDGETS, PHYSICIAN COMPENSATION PLANS, AND MANAGED CARE CONTRACTS. THE PLANS' PURPOSE IS TO PROVIDE, COORDINATE, AND FACILITATE THE DELIVERY OF PATIENT CARE SERVICES AND TO PROMOTE THE DEVELOPMENT OF AN INTEGRATED SYSTEM OF DELIVERY TO MORE EFFICIENTLY AND EFFECTIVELY MEET THE HEALTH CARE NEEDS OF THE COMMUNITIES SERVED BY THE INSTITUTIONS.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 1997.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.