Boston Medical Center Corporation

Organization Overview

Boston Medical Center Corporation is located in Boston, MA. The organization was established in 1996. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Boston Medical Center Corporation employed 10,051 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Medical Center Corporation 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 Medical Center Corporation generated $2.0b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.9b during the year ending 09/2021. While expenses have increased by 7.3% 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.

Since 2015, Boston Medical Center Corporation has awarded 591 individual grants totaling $162,645,712. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BOSTON MEDICAL CENTER'S MISSION IS TO PROVIDE COSISTENTLY EXCELLENT AND ACCESSIBLE HEALTH SERVICES TO ALL IN NEED OF CARE REGARDLESS OF STATUS AND ABILITY TO PAY.

Describe the Organization's Program Activity:

THE STATUTE THAT AUTHORIZED THE CREATION OF BOSTON MEDICAL CENTER REQUIRES IT TO SERVE ALL POPULATIONS. BMC IS A PRIVATE, NOT-FOR-PROFIT, 514-LICENSED BED, URBAN ACADEMIC MEDICAL CENTER WHICH EMPHASIZES COMMUNITY-BASED, ACCESSIBLE CARE AND THE MISSION TO PROVIDE CONSISTENTLY ACCESSIBLE HEALTH SERVICES TO ALL IN NEED OF CARE REGARDLESS OF STATUS AND ABILITY TO PAY. BMC IS THE LARGEST SAFETY NET HOSPITAL IN NEW ENGLAND AND PROVIDES A FULL SPECTRUM OF PEDIATRIC AND ADULT CARE SERVICES FROM PRIMARY TO FAMILY MEDICINE TO ADVANCED SPECIALTY CARE. BOSTON MEDICAL CENTER IS DEDICATED TO PROVIDING ACCESSIBLE HEALTH CARE. NEARLY 75 PERCENT OF OUR PATIENTS COME FROM UNDERSERVED POPULATIONS, SUCH AS THE LOW-INCOME AND ELDERLY, WHO RELY ON GOVERNMENT PAYERS SUCH AS MEDICAID, THE HEALTH SAFETY NET, AND MEDICARE FOR THEIR COVERAGE; 27 PERCENT DO NOT SPEAK ENGLISH AS A PRIMARY LANGUAGE. TO ADDRESS THE HEALTH NEEDS OF DIVERSE PATIENT POPULATIONS, BMC PROVIDES A WIDE RANGE OF SERVICES BEYOND THE TRADITIONAL MEDICAL MODEL. THESE PROGRAMS, INCLUDING PATIENT NAVIGATION AND A FOOD PANTRY, HELP TO REDUCE BARRIERS TO ACCESS TO HEALTH SERVICES AND ELIMINATE DISPARITIES IN HEALTH CARE AMONG VARIOUS POPULATIONS THAT BMC SERVES.


BOSTON MEDICAL CENTER PROVIDES RESEARCH SUPPORT TO ORGANIZATIONS WITHIN THE US.


BOSTON MEDICAL CENTER PROVIDES RESEARCH SUPPORT TO FOREIGN ORGANIZATIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Shc Services Inc
Temporary Staffing
$15,820,002
Pricewaterhousecoopers Advisor
Accounts Receivable Management
$11,882,795
Boston University
Research & Other Shared Services
$44,185,748
Morrison Health Care Inc
Food Service/ Cafeteria Management
$6,094,302
Cyracom International Inc
Translation & Interpretation Services
$3,981,348
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$4,700,447
Related organizations$0
Government grants $129,331,289
All other contributions, gifts, grants, and similar amounts not included above$16,946,389
Noncash contributions included in lines 1a–1f $1,347,536
Total Revenue from Contributions, Gifts, Grants & Similar$150,978,125
Total Program Service Revenue$1,752,717,825
Investment income $14,785,977
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $433,952
Net Gain/Loss on Asset Sales $43,797,197
Net Income from Fundraising Events -$359,430
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,975,432,734

Grants Awarded

Over the last fiscal year, Boston Medical Center Corporation has awarded $27,854,615 in support to 108 organizations.

Grant RecipientAmount

BAY COVE HUMAN SERVICES

Org PageRecipient Profile

Boston, MA

PURPOSE: SUBAWARD

$6,896,102

BOSTON UNIVERSITY

Org PageRecipient Profile

Boston, MA

PURPOSE: SUBAWARD

$4,333,424

NORTH SUFFOLK MENTAL HEALTH ASSOCIATION

Org PageRecipient Profile

Chelsea, MA

PURPOSE: SUBAWARD

$2,524,883

COMMONWEALTH OF MA DEPARTMENT OF PUBLIC HEALTH DIVISION OF FOOD & DRUGS

PURPOSE: SUBAWARD

$725,270

PLYMOUTH COUNTY OUTREACH HOPE

Org PageRecipient Profile

East Bridgewater, MA

PURPOSE: SUBAWARD

$622,399

NORTH SHORE CMTY HEALTH CTR

Org PageRecipient Profile

Salem, MA

PURPOSE: SUBAWARD

$596,611
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Boston Medical Center Corporation has recieved totaling $9,250.

Awarding OrganizationAmount
Alchemy Foundation

Cambridge, MA

PURPOSE: GENERAL SUPPORT

$7,500
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$1,750
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$633,839,832
Earnings$108,079,400
Admin Expense$1,853,381
Net Contributions$363,954,719
Other Expense$370,977,505
Ending Balance$733,043,065

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