Beth Israel Anaesthesia Foundation Inc
- Assets
- $14.3m
- Revenue
- $5.1m
- Investments
- $8.7m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1989
- Data as of
- 09/2022
- EIN
- 04-2997215
Organization Overview
Beth Israel Anaesthesia Foundation Inc is located in Boston, MA. The organization was established in 1989. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beth Israel Anaesthesia 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 09/2022, Beth Israel Anaesthesia Foundation Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $4.1m during the year ending 09/2022. While expenses have increased by 6.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT MEDICAL RESEARCH, PROVIDE INSTRUCTION, AND IMPROVE PUBLIC HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF BETH ISRAEL ANAESTHESIA FOUNDATION (THE FOUNDATION) IS TO SUPPORT MEDICAL RESEARCH AND EDUCATION, PROVIDE INSTRUCTION, AND PARTICIPATE IN ACTIVITIES DESIGNED TO IMPROVE THE GENERAL PUBLIC HEALTH OF PATIENTS SERVED BY BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC), HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER (HMFP) AND THEIR AFFILIATES. THE FOUNDATION USES ITS FUNDS TO SUPPORT THE PHYSICIANS' WORK IN THE ANAESTHESIA DEPARTMENTS AT BIDMC AND HMNFP AND TO STRENGTHEN THE DEPARTMENT BY SUPPORTING THE EDUCATIONAL REQUIREMENTS OF THE DEPARTMENT AND PHYSICIANS WORLDWIDE BY PROVIDING TRAINING SEMINARS AND OTHER CLASSES. THE FOUNDATION ALSO USES ITS FUNDS TO SUPPORT EXPENSES INCURRED BY ITS AFFILIATED ENTITIES WHICH BENEFIT THE PHYSICIANS AND OTHER PERSONNEL WHO ARE ENGAGED IN ACTIVITY RELATED TO THE ANESTHESIA FIELD. 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 ANAESTHESIA FIELD.DURING THE PERIOD COVERED BY THIS FILING, THE FOUNDATION PROVIDED TRAINING AND EDUCATION IN FURTHERANCE OF THE EDUCATIONAL MISSIONS OF BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC), HARVARD MEDICAL FACULTY PHYSICIANS AT BIDMC (HMFP), HARVARD MEDICAL SCHOOL (HMS) AND THEIR AFFILIATED ORGANIZATIONS.
PROVIDED BILLING SERVICES RELATED TO ANAESTHESIA SERVICES FOR PATIENTS OF BIDMC, HMFP, AND THEIR AFFILIATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Talmor MD MPH Daniel Dir (ex-Off) & Pres; Bidmc Ansth Chf | OfficerTrustee | 1 | $0 |
Hess MD Philip Dir, Sec, & Clerk; Anesthesiologist | OfficerTrustee | 1 | $0 |
Bose MD Ruma Director; Anesthesiologist | Trustee | 1 | $0 |
Shaff MD Leslie Director | Trustee | 1 | $0 |
Ferrazza Dawn Treas & Chief Administrative Officer | Officer | 1 | $0 |
Cameron Shannon Afs Executive Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $4,787,860 |
| Investment income | $54,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $275,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,118,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,112,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $816,926 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,472 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $60,206 |
| Information technology | $49,160 |
| Royalties | $0 |
| Occupancy | $212,721 |
| Travel | $3,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,590 |
| Insurance | $0 |
| All other expenses | $37,910 |
| Total functional expenses | $4,090,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,977,708 |
| Savings and temporary cash investments | $2,216,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,878 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,715 |
| Net Land, buildings, and equipment | $49,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,664,450 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $315,917 |
| Total assets | $14,325,123 |
| Accounts payable and accrued expenses | $228,727 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $385,385 |
| Total liabilities | $614,112 |
| Net assets without donor restrictions | $13,711,011 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,325,123 |
Grants Awarded
Over the last fiscal year, Beth Israel Anaesthesia Foundation Inc has awarded $63,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BETH ISRAEL DEACONESS HOSPITAL - NEEDHAM PURPOSE: CANCER CENTER | $40,000 |
BETH ISRAEL DEACONESS MEDICAL CENTER PURPOSE: RESEARCH SUPPORT | $23,000 |