Boston Plastic and Oral Surgery Foundation Inc

EIN: 043286718 501(c)(3) Education

Boston, MA

Total Revenue
$31,257,482
Total Expenses
$27,202,365
Total Assets
$28,757,970
Net Assets
$16,235,614
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MA
Principal Officer
John G Meara MD DMD
Phone
6173556202
Tax Period
2023-10-01 to 2024-09-30

Boston Plastic and Oral Surgery Foundation Inc, founded in 1995, is a mid-sized nonprofit in the Education sector that reported $31.3M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $27.2M left a modest 13% surplus.

Mission

The Foundation provides plastic and oral surgery services primarily to patients at Boston Children's Hospital and at satellite locations. The Foundation was organized exclusively for charitable, scientific, and educational purposes. The mission strives to (see Schedule O) provide multidisciplinary care for a variety of diagnoses including breast disorders, craniofacial anomalies, congenital hand anomalies, vascular malformations, and cleft lip and palate.

Program Service Accomplishments

Program 1
Expenses: $21,545,566 Revenue: $28,958,459

The Foundation provides plastic and oral surgery services primarily to patients at Boston Children's Hospital and at satellite locations. The Foundation may charge for patient care and other medical...

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The Foundation provides plastic and oral surgery services primarily to patients at Boston Children's Hospital and at satellite locations. The Foundation may charge for patient care and other medical services provided that any net income be used exclusively for the charitable, scientific, and educational purposes for which the Foundation was created. The Foundation also provides care for patients in need of plastic or oral surgery services regardless of their ability to pay, as well as providing hospital and community based services that are limited in the community.

Program 2
Expenses: $217,632 Revenue: $588,778

The Foundation receives income from Boston Children's Hospital for providing administration services. The Foundation carries on and promotes basic and applied medical research and education in the...

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The Foundation receives income from Boston Children's Hospital for providing administration services. The Foundation carries on and promotes basic and applied medical research and education in the field of plastic and oral surgery by teaching students and other medical and scientific personnel; by providing or supplementing income to research personnel through fellowships, research grants, and stipends; and by giving lectures and publishing information concerning conditions and research results in the fields of plastic and oral surgery in order to educate the general public and the medical profession.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,539,616
Program Service Revenue $29,547,237
Investment Income $170,629
Other Revenue $0
TOTAL REVENUE $31,257,482

Expense Breakdown

Grants Paid $187,622
Salaries & Benefits $21,518,659
Fundraising Expenses $0
Program Expenses $21,763,198
Other Expenses $5,496,084
TOTAL EXPENSES $27,202,365

Year-over-Year Comparison

2023 2022 Change
Revenue $31,257,482 $27,739,692 +0.1%
Expenses $27,202,365 $29,542,128 -0.1%
Net Income $4,055,117 $-1,802,436 -3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
N/A
Employees
12
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$4,953,624
Total Directors
4
$4,953,624
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian I Labow MD Vice President 60.00
Officer Director
$1,572,997 $112,920 $1,685,917
Bonnie L Padwa MD DMD Secretary/Clerk 60.00
Officer Director
$1,481,829 $87,540 $1,569,369
John G Meara MD DMD President 55.00
Officer Director
$1,235,849 $131,102 $1,366,951
Ronald Heald Treasurer 55.00
Officer Director
$0 $32,626 $331,387
N/A Institutional Trustee 2.00
$0 $0 $0
Amir H Taghinia MD Physician 60.00
Highest
$988,816 $90,930 $1,079,746
Cory M Resnick MD Physician 60.00
Highest
$1,051,636 $123,450 $1,175,086
Ingrid Ganske MD Physician 60.00
Highest
$954,848 $87,605 $1,042,453
Oren Ganor MD Physician 60.00
Highest
$961,884 $139,081 $1,100,965
Mark A Green MD Physician 60.00
Highest
$985,265 $138,230 $1,123,495
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $31,257,482 $27,202,365 $28,757,970 $4,055,117
2023 $27,739,692 $29,542,128 $23,939,863 $-1,802,436
2022 $25,167,061 $22,936,464 $29,290,402 $2,230,597
2021 $23,739,730 $21,645,993 $28,248,674 $2,093,737
2020 $20,141,130 $19,005,205 $23,284,242 $1,135,925
2019 $21,340,125 $19,291,029 $22,383,340 $2,049,096
2018 $20,517,957 $17,444,862 $19,929,883 $3,073,095
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