Faculty Practice Foundation Inc

Faculty Practice Foundation Inc Overview

Faculty Practice Foundation Inc is located in Boston, MA. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2020, Faculty Practice Foundation Inc employed 1,816 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.

For the year ending 06/2020, Faculty Practice Foundation Inc generated $418.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $423.8m during the year ending 06/2020. While expenses have increased by 3.1% per year over the past 5 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, Faculty Practice Foundation Inc has awarded 18 individual grants totaling $602,950. 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 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

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Faculty Practice Foundation Inc Vendors

Vendor Name (Service)Compensation
Change Healthcare Llc
Billing Services
$3,949,346
Children's Hospital Of Boston
Physician Services
$1,237,329
Bu Payroll Processing
Payroll Services
$869,771
Optum360 Llc
Billing Services
$720,219
Pst Services Inc
Billing Services
$627,757
View All Vendors

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$417,202,786
Investment income $1,239,919
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$23,686
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $418,419,019

Faculty Practice Foundation Inc Grants Awarded

Over the last fiscal year, Faculty Practice Foundation Inc has awarded $25,350 in support to 2 organizations.

Grant RecipientAmount

BOSTON MEDICAL CENTER

Org PageRecipient Profile

Boston, MA

PURPOSE: GENERAL SUPPORT

$15,850

ORTHOPAEDIC RESEARCH

Org PageRecipient Profile

Rosemont, IL

PURPOSE: GENERAL SUPPORT

$9,500
View Grant Profile

Faculty Practice Foundation Inc Peer Organizations

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