Boston Pediatric Neurosurgical Foundation Inc

Organization Overview

Boston Pediatric Neurosurgical Foundation Inc is located in Boston, MA. The organization was established in 1992. According to its NTEE Classification (G9B) the organization is classified as: Surgical Specialties, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 09/2021, Boston Pediatric Neurosurgical Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Pediatric Neurosurgical 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, Boston Pediatric Neurosurgical Foundation Inc generated $14.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $13.9m during the year ending 09/2021. While expenses have increased by 4.4% 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 NEUROSURGICAL 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 SUPPORTING HOSPITAL AND COMMUNITY BASED SERVICES THAT ARE EITHER UNAVAILABLE OR LIMITED ELSEWHERE IN THE COMMUNITY.

Describe the Organization's Program Activity:

THE FOUNDATION PROVIDES NEUROSURGICAL SERVICES PRIMARILY TO PATIENTS AT BOSTON CHILDREN'S HOSPITAL, BRIGHAM AND WOMEN'S HOSPITAL, INC., AND AT SATELLITE LOCATIONS. THE FOUNDATION MAY CHARGE FOR PATIENT CARE AND OTHER MEDICAL SERVICES, PROVIDED THAT ANY NET INCOME IS USED 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 SUPPORTING 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 ADMINISTRATION, SUPERVISION, AND TEACHING SERVICES. THE FOUNDATION CARRIES ON AND PROMOTES BASIC AND APPLIED MEDICAL RESEARCH AND EDUCATION IN THE FIELD OF NEUROSURGERY BY TEACHING STUDENTS AND OTHER MEDICAL AND SCIENTIFIC PERSONNEL; BY PROVIDING RESEARCH GRANTS; GIVING LECTURES; AND PUBLISHING INFORMATION CONCERNING PROBLEMS AND RESEARCH RESULTS IN THE FIELD OF PEDIATRIC NEUROSURGERY IN ORDER TO EDUCATE THE GENERAL PUBLIC AND THE MEDICAL PROFESSION.


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Board, Officers & Key Employees

Name (title)Compensation
Edward R Smith MD
Clerk/treasurer
$1,261,998
Mark R Proctor MD
President
$1,225,357
Benjamin C Warf MD
Director
$1,095,673
Lissa C Baird MD
Director
$1,031,023
Katie P Fehnel MD
Director
$883,866
Scellig S Stone MD
Director
$808,448

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$369,805
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$21,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$391,305
Total Program Service Revenue$14,216,142
Investment income $10,405
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 $14,617,852

Grants Awarded

Over the last fiscal year, Boston Pediatric Neurosurgical Foundation Inc has awarded $212,415 in support to 3 organizations.

Grant RecipientAmount

BOSTON CHILDREN'S HOSPITAL

Org PageRecipient Profile

Boston, MA

PURPOSE: General support

$169,865

NEUROSURGERY RESEARCH AND EDUCATION FOUNDATION

Org PageRecipient Profile

Rolling Meadows, IL

PURPOSE: General support

$22,550

CU KIDS AT HEART INC

Org PageRecipient Profile

Burlington, MA

PURPOSE: General support

$20,000
View Grant Profile

Endowment Analysis

Beg. Balance$1,429,904
Net Contributions$89,906
Other Expense$431,185
Ending Balance$1,088,625

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