Chmc Anesthesia Foundation Inc Charitable Tr
- Assets
- $79.6m
- Revenue
- $246.8k
- Investments
- $71.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- Data as of
- 09/2021
- EIN
- 30-6692912
Organization Overview
Chmc Anesthesia Foundation Inc Charitable Tr is located in Boston, MA. 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. Chmc Anesthesia Foundation Inc Charitable Tr 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 Anesthesia Foundation Inc Charitable Tr generated $246.8k in total revenue. All expenses for the organization totaled $190.3k during the year ending 09/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST WAS ESTABLISHED TO FUND ONE OR MORE INDIVIDUAL DEPARTMENTS AND (SEE SCHEDULE O) PROGRAMS OF ANESTHESIOLOGY AT BOSTON CHILDREN'S HOSPITAL (THE HOSPITAL) INCLUDING CLINICAL, EDUCATIONAL AND RESEARCH PROGRAMS IN ANESTHESIOLOGY, CRITICAL CARE, AND PAIN MEDICINE DEPARTMENTS AT THE HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST WILL PROVIDE SUPPORT TO THE CHMC ANESTHESIA FOUNDATION, INC. (THE FOUNDATION) TO FUND ONE OR MORE INDIVIDUAL DEPARTMENTS AND PROGRAMS OF ANESTHESIOLOGY AT BOSTON CHILDREN'S HOSPITAL (THE HOSPITAL) INCLUDING FELLOWSHIPS FOR CLINICAL, EDUCATIONAL AND RESEARCH PROGRAMS IN ANESTHESIOLOGY, CRITICAL CARE, AND PAIN MEDICINE DEPARTMENTS AT THE HOSPITAL. ADDITIONALLY, A PORTION OF THE FUNDS IN THE TRUST WILL SUPPORT SCIENTIFIC RESEARCH CONDUCTED UNDER THE DIRECTION OF DR. DANIEL S. KOHANE OR SUCCESSOR DEPARTMENTAL RESEARCH ACTIVITIES DEEMED BY THE ANESTHESIOLOGIST-IN-CHIEF MOST LIKELY TO BE SCIENTIFICALLY PRODUCTIVE SHOULD DR. KOHANE RETIRE, SEPARATE FROM THE ORGANIZATION, OR HIS LABORATORY OTHERWISE NO LONGER QUALIFIES FOR THE RESEARCH SUBTRUST FUNDING (SEE SCHEDULE O).BUT FOR THE EXISTENCE OF THE TRUST, THESE FUNCTIONS WOULD BE CARRIED OUT BY THE FOUNDATION, THE GRANTOR OF THE TRUST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph P Cravero MD President/treasurer | OfficerTrustee | 1 | $0 |
Jeffrey Burns MD Trustee | Trustee | 1 | $0 |
Lynne R Ferrari MD Trustee | Trustee | 1 | $0 |
James A Dinardo MD Trustee | Trustee | 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 | $0 |
| Investment income | $246,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,844 |
| 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 | $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 | $190,301 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $190,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,240,966 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $71,324,177 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $79,565,143 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $79,565,143 |
| 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 | $79,565,143 |
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