Beth Israel Deaconess Department of Medicine Foundation Inc

Nonprofit profile at a glance

EIN
043079630
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Boston, MA, USA
Phone
7817448924
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Group Health Practice (Health Maintenance Organizations)

Reported finances

Revenue
$1,832,815
Expenses
$1,131,827
Assets
$16,091,220
Liabilities
$211,209

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • KIMBALL MD MPH ALEXA B (DIRECTOR (EX-OFFICIO) (HMFP CEO))

Highest reported compensation

  • HEALY PETER (DIR (EX-OFF) (PRES, BIDMC)): $1,458,130 total reported compensation
  • KIMBALL MD MPH ALEXA B (DIRECTOR (EX-OFFICIO) (HMFP CEO)): $1,224,783 total reported compensation
  • ZEIDEL MD MARK L (DIR (EXOFF) & PRES; MED CHIEF/CHAIR): $999,636 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of beth israel deaconess department of medicine foundation, inc. (biddm) 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).

What it reported doing in 2024

During the fiscal period covered by this filing, biddm provided support to patient care, research and education in some or all of the following areas: financial support to nephrology, gastroenterology, endocrinology, pulmonary, and cardiology programs within the bidmc and hmfp departments of medicine; ongoing support to allergy related research; sponsorship of numerous educational grand rounds for the bidmc and hmfp departments of medicine; ongoing salary support to bidmc fellowship programs; and the provision of financial support to cover expenses incurred and/or salary support to physicians and support personnel providing care to bidmc and hmfp patients. Biddm further supports the educational missions of bidmc and hmfp by helping to bring distinguished physicians to bidmc and hmfp to provide educational lectures in their area of expertise. These lectures serve as an integral part of educating medical trainees (interns, residents, and fellows) and physicians. Additionally, biddm helps fund the cost of travel for educational opportunities so that hmfp physicians and bidmc clinical fellows in training can attend national conferences for professional development.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 45% for direct work, and 55% for grants.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 76
  • Accountability: 23
  • Sustainability: 77
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54%; rating input score 54
  • Program expense ratio: 83.6%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 38.2%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 14.22; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 49.1%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: -1% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 5.4% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 54% of revenue deployed · 83.6% of spending went to programs
  • Governance: 0 of 7 board members independent · 5 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $946K in reported program spending
  • Leadership: top reported pay $1.5M · 8 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $176K reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 81 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.