Chmc Otolaryngologic Foundation Inc

Organization Overview

Chmc Otolaryngologic Foundation Inc is located in Boston, MA. The organization was established in 2014. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 09/2021, Chmc Otolaryngologic Foundation Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chmc Otolaryngologic Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Chmc Otolaryngologic Foundation Inc generated $29.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $30.3m during the year ending 09/2021. While expenses have increased by 2.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION PROVIDES OTOLARYNGOLOGY SERVICES PRIMARILY TO PATIENTS AT (SEE SCHEDULE O) BOSTON CHILDREN'S HOSPITAL AND AT SATELLITE LOCATIONS. THE FOUNDATION ALSO PROVIDES CARE FOR PATIENTS REGARDLESS OF THEIR ABILITY TO PAY, AS WELL AS PROVIDING AND SUBSIDIZING HOSPITAL AND COMMUNITY BASED SERVICES THAT ARE EITHER UNAVAILABLE OR LIMITED ELSEWHERE IN THE COMMUNITY.

Describe the Organization's Program Activity:

THE FOUNDATION PROVIDES OTOLARYNGOLOGY SERVICES PRIMARILY TO PATIENTS AT BOSTON CHILDREN'S HOSPITAL AND AT SATELLITE LOCATIONS. THE FOUNDATION MAY CHARGE FOR PATIENT CARE AND OTHER MEDICAL SERVICES, PROVIDED THAT ANY NET INCOME IS USED EXCLUSIVELY FOR THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES FOR WHICH THE FOUNDATION WAS CREATED. THE FOUNDATION ALSO PROVIDES CARE FOR PATIENTS REGARDLESS OF THEIR ABILITY TO PAY, AS WELL AS PROVIDING AND SUBSIDIZING HOSPITAL AND COMMUNITY BASED SERVICES THAT ARE EITHER UNAVAILABLE OR LIMITED ELSEWHERE IN THE COMMUNITY.


THE FOUNDATION RECEIVES INCOME FROM BOSTON CHILDREN'S HOSPITAL FOR PROVIDING ADMINISTRATIVE, SUPERVISION, AND TEACHING SERVICES. THE FOUNDATION CARRIES ON AND PROMOTES BASIC AND APPLIED MEDICAL RESEARCH AND EDUCATION IN THE FIELD OF OTOLARYNGOLOGY BY TEACHING STUDENTS AND OTHER MEDICAL AND SCIENTIFIC PERSONNEL; BY PROVIDING, OR SUPPLEMENTING INCOME TO RESEARCH PERSONNEL THROUGH FELLOWSHIPS, RESEARCH GRANTS, AND STIPENDS; AND BY GIVING LECTURES AND PUBLISHING INFORMATION CONCERNING PROBLEMS AND RESEARCH RESULTS IN THE FIELD OF PEDIATRIC OTOLARYNGOLOGY IN ORDER TO EDUCATE THE GENERAL PUBLIC AND THE MEDICAL PROFESSION.


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Board, Officers & Key Employees

Name (title)Compensation
Reza Rahbar MD
Vice President
$1,354,731
Sukgi S Choi MD
Director
$1,055,400
Eelam Adil MD
Director
$1,000,218
Michael J Cunningham MD Facs
President
$991,957
Greg R Licameli MD
Director
$954,945
Dennis Poe MD
Physician
$821,621

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $550,929
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$550,929
Total Program Service Revenue$27,062,884
Investment income $480,501
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $581,886
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $28,964,394

Grants Awarded

Over the last fiscal year, Chmc Otolaryngologic Foundation Inc has awarded $102,955 in support to 2 organizations.

Grant RecipientAmount

BOSTON CHILDREN'S HOSPITAL

Org PageRecipient Profile

Boston, MA

PURPOSE: General Support

$97,955

SOCIETY FOR EAR NOSE AND THROAT ADVANCES

Org PageRecipient Profile

Lombard, IL

PURPOSE: General Support

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Chmc Otolaryngologic Foundation Inc has recieved totaling $5,880.

Awarding OrganizationAmount
Network For Good Inc

Washington, DC

PURPOSE: Unrestricted

$5,880
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,041,127
Net Contributions$550,929
Other Expense$650,929
Ending Balance$941,127

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