Beth Israel Deaconess Department Of Medicine Foundation Inc
- Assets
- $13.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/2000
- Data as of
- 09/2023
- EIN
- 04-3079630
Organization Overview
Beth Israel Deaconess Department Of Medicine Foundation Inc is located in Boston, MA. The organization was established in 2000. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, 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 Deaconess Department Of Medicine 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 09/2023, Beth Israel Deaconess Department Of Medicine Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 3.0% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE PATIENT CARE, RESEARCH AND TEACHING MISSIONS OF BIDMC AND HMFP AS WELL AS TO SUPPORT TEACHING AND RESEARCH AT HMS.
Describe the Organization's Program Activity:
BETH ISRAEL DEACONESS DEPARTMENT OF MEDICINE FOUNDATION, INC. (BIDDM) PLANS AND ADMINISTERS CONTINUING MEDICAL EDUCATION (CME) COURSES AND SEMINARS HELD AT BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC) AND HARVARD MEDICAL SCHOOL (HMS). THE MAJORITY OF THE COURSES ARE PRESENTED IN CONJUNCTION WITH HMS. THESE PROGRAMS PROVIDE CONTINUING EDUCATION OPPORTUNITIES FOR PHYSICIANS BOTH FROM WITHIN AND OUTSIDE OF THE BOSTON AREA AS WELL AS INTERNATIONALLY. IN OCTOBER OF 2021 BIDDM HELD A VIRTUAL INTERNAL MEDICINE CONFERENCE IN CONJUNCTION WITH THE UNIVERSITY OF SINGAPORE. BIDDM OFFERS NUMEROUS ANNUAL CME COURSES ON A WIDE VARIETY OF MEDICAL SPECIALTIES, SUCH AS CARDIOLOGY, ENDOCRINOLOGY, GASTROENTEROLOGY, INFECTIOUS DISEASE, INTERNAL MEDICINE, NEPHROLOGY, PULMONARY, RHEUMATOLOGY, GERONTOLOGY, AND CRITICAL CARE MEDICINE WHICH PROVIDE ATTENDING PRACTITIONERS WITH NEW KNOWLEDGE TO IMPROVE QUALITY MEDICAL CARE FOR PATIENTS AND THEIR COMMUNITIES. PHYSICIANS ATTENDING THESE COURSES RECEIVE CONTINUING EDUCATION CREDITS FOR MAINTENANCE OF THEIR LICENSURE.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Healy Peter Dir (ex-Off) As Pres Of Bidmc | Trustee | 1 | $0 |
Kimball MD MPH Alexa B Director (ex-Officio) (hmfp Ceo) | Trustee | 1 | $0 |
Zeidel MD Mark L Pres & Dir (ex-Off); Chf Med Bidmc | OfficerTrustee | 1 | $0 |
Zimetbaum MD Peter Treas/clnc Dir Cardlgy,med Dep,bidmc | OfficerTrustee | 1 | $0 |
Agnew Meghan Dir & Co-Clerk (ex-Off); Cfo, Hfmp | OfficerTrustee | 1 | $0 |
Kahn MD Barbara Co-Clrk & Dir/vc Res Strat Med,bidmc | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
International Structural Accupuncture Honorariums | 9/29/18 | $267,495 |
Mdi Biological Laboratory Continuing Medical Education | 9/29/18 | $164,217 |
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 | $726,044 |
| Investment income | $500,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $154,053 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,386,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,022,305 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $0 |
| Fees for services: Other | $139,483 |
| Advertising and promotion | $0 |
| Office expenses | $50,529 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $238,536 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,758 |
| Total functional expenses | $1,553,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $804,525 |
| Savings and temporary cash investments | $1,660,259 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,625 |
| 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 | $14,885 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,618,688 |
| Investments—other securities | $0 |
| Investments—program-related | $1,625,279 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,887,261 |
| Accounts payable and accrued expenses | $99,289 |
| 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 | $644,612 |
| Total liabilities | $743,901 |
| Net assets without donor restrictions | $13,143,360 |
| 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 | $13,887,261 |
Grants Awarded
Over the last fiscal year, Beth Israel Deaconess Department Of Medicine Foundation Inc has awarded $11,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEUROENDOCRINE TUMOR RESEARCH FOUNDATION (NETRF) PURPOSE: DONATION IN MEMORY OF DR. JOSEPH LI'S WIFE - KELLY LI | $5,000 |
NATIONAL KIDNEY FOUNDATION (NKF) PURPOSE: NFK HONORS GALA | $6,200 |