Beth Israel Deaconess Department of Surgery Foundation Inc

Nonprofit profile at a glance

EIN
020671240
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Boston, MA, USA
Phone
7817448924
Rating
33
Verdict
REVIEW
Rating confidence
Moderate
Sector
Research Institutes and/or Public Policy Analysis

Reported finances

Revenue
$243,491
Expenses
$171,526
Assets
$5,032,579
Liabilities
$360,889

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

Leadership & pay

9 people listed

Executive titles in this filing

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

Highest reported compensation

  • HEALY PETER (DIR EXO; PRES BIDMC, DIV PRES BOSTON): $1,458,130 total reported compensation
  • CHAIKOF MD PHD ELLIOT L (DIR(EXO)&PRES; SURGERY CHIEF/CHAIR): $1,361,480 total reported compensation
  • LEE MD BERNARD T (DIR; CHIEF PLASTIC/RECON SURG, BIDMC): $1,254,454 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 surgery foundation (the foundation) 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

The foundation uses its funds to support medical research, provide instruction, and participate in activities designed to improve the general public health of patients served by beth israel deaconess medical center (bidmc) and harvard medical faculty physicians at beth israel deaconess medical center (hmfp). The foundation uses its funds to support physicians' work in the surgery departments at bidmc and hmfp and to strengthen the department by supporting the educational requirements of the department. All activities that the foundation participates in are focused on medical procedures, research, and other activities that are inspired to enhance methods utilized in the surgery field.

Operating model

Revenue model
Investment-supported. 70% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 74% of its reported program spending out as grants.

The verdict

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 10
  • Transparency & Controls: 60
  • Accountability: 32
  • Sustainability: 71
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15.5%; rating input score 16
  • Program expense ratio: 3.9%; rating input score 4
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 26th 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 14.3%; rating input score 14; 14th 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: 29.6%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 29.34; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 358.1%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -19.4% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -6.7% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 26th percentile among comparable filings

Details

  • Where the money goes: 15.5% of revenue deployed · 3.9% of spending went to programs
  • Governance: 1 of 7 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7K in reported program spending
  • Leadership: top reported pay $1.5M · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 80 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 — Financial Efficiency: Mission deployment rate scored 16/100.
  • High — Financial Efficiency: Program expense ratio scored 4/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Accountability: Independent voting board scored 14/100.
  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.