Tufts Medical Center Parent Inc
- Assets
- $132.5m
- Revenue
- $31.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Braintree, MA
- Founding
- 05/2008
- Data as of
- 09/2021
- EIN
- 04-3040427
Organization Overview
Tufts Medical Center Parent Inc is located in Braintree, MA. The organization was established in 2008. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Tufts Medical Center Parent Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEQCA IS A PARTNERSHIP OF COMMUNITY AND ACADEMIC PHYSICIANS DEDICATED TO PROVIDING COMPREHENSIVE, INNOVATIVE, HIGH QUALITY, AND AFFORDABLE HEALTH CARE THAT BRINGS VALUE TO THEIR PATIENTS AND THE COMMUNITY, AND EXPANDS THE TEACHING AND RESEARCH MISSION OF TUFTS MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW ENGLAND QUALITY CARE ALLIANCE, INC. IS A NONPROFIT CARE ORGANIZATION FORMED TO IMPROVE THE HEALTH OF PATIENTS, AND TO ENHANCE THE PATIENT'S EXPERIENCE OF CARE AND THE REDUCTION OF THE PER CAPITA COST OF CARE, THROUGH INTEGRATED CARE COORDINATION, SHARED SAVINGS, AND QUALITY INCENTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Frolkis President & Ceo/trustee (until 06/21) | OfficerTrustee | 40 | $755,780 |
Margaret Costello Chief Operating Officer (until 10/21) | Officer | 39 | $410,192 |
Nathan Gagne Chief Financial Officer | OfficerTrustee | 39 | $375,148 |
Jatin Dave Chief Medical Officer | 40 | $282,039 | |
Jeffrey Syrek VP Sys Contracting Fin. (until 6/21) | Officer | 40 | $276,953 |
Benjamin Kruskal Medical Director | 40 | $263,382 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arcadia Solutions Llc Technology Services | 9/29/21 | $767,038 |
Athenahealth Inc Health Services | 9/29/21 | $498,164 |
Wood Road Llc Healthcare Services | 9/29/21 | $555,476 |
Gaia Healthcare Consulting Consulting Services | 9/29/21 | $217,420 |
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 | $23,998,252 |
| Investment income | $260,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,444,388 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,702,650 |
| 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. | $3,873,898 |
| Compensation of current officers, directors, key employees. | $387,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,257,531 |
| Pension plan accruals and contributions | $308,361 |
| Other employee benefits | $1,625,047 |
| Payroll taxes | $887,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,944 |
| Fees for services: Accounting | $8,712 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,448,367 |
| Advertising and promotion | $0 |
| Office expenses | $250,465 |
| Information technology | $939,529 |
| Royalties | $0 |
| Occupancy | $596,441 |
| Travel | $10,409 |
| 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 | $225,697 |
| Insurance | $126,690 |
| All other expenses | $1,811,391 |
| Total functional expenses | $23,416,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,101,126 |
| Savings and temporary cash investments | $10,842,036 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,806,542 |
| 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 | $142,933 |
| Net Land, buildings, and equipment | $1,278,605 |
| Investments—publicly traded securities | $46,549,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,814,657 |
| Total assets | $132,535,337 |
| Accounts payable and accrued expenses | $48,399,255 |
| 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 | $41,808,403 |
| Total liabilities | $90,207,658 |
| Net assets without donor restrictions | $42,327,679 |
| 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 | $132,535,337 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tufts Medical Center Parent Inc has recieved totaling $130,000.
| Awarding Organization | Amount |
|---|---|
Boston Bruins Charitable Foundation Inc Boston, MA PURPOSE: COMMUNITY SUPPORT | $65,000 |
Boston Bruins Charitable Foundation Inc Boston, MA PURPOSE: COMMUNITY SUPPORT | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tufts Medical Center Parent Inc Braintree, MA | $132,535,337 | $31,702,650 |
Tri-Institutional Therapeutics Discovery Institute Inc New York, NY | $5,819,394 | $16,905,997 |
Community Partners In Action Inc Hartford, CT | $16,042,672 | $16,238,720 |
Zachary And Elizabeth M Fisher Center For Alzheimers Research Fdn New York, NY | $40,802,431 | $10,021,313 |
American Thrombosis And Hemostasisnetwork Inc Rochester, NY | $10,168,996 | $13,364,540 |
Football Research Inc New York, NY | $4,325,864 | $9,164,438 |
Institute For Protein Innovation Inc Boston, MA | $219,080,402 | $200,786,087 |
Center For Information And Study On Clinical Research Participation Boston, MA | $5,283,770 | $9,262,941 |
Vermont Oxford Network Inc Burlington, VT | $14,865,425 | $8,539,572 |
Bronx Veterans Medical Research Foundation Inc Bronx, NY | $9,078,068 | $8,272,955 |
Citizens Committee For Children Of New York New York, NY | $3,634,711 | $3,821,090 |
Clinical Directors Network Inc New York, NY | $2,473,338 | $3,992,902 |