| BOSTON UNIVERSITY AFFILIATED PHYSICIANS, INC. IS AMENDING ITS FORM 990 |
TO REFLECT UPDATED INFORMATION IN PART VII AND SCHEDULE J. FORM 990, PART I, LINE I & PART III, LINE I BOSTON UNIVERSITY AFFILIATED PHYSICIANS, INC.'S (BUAP) PRIMARY MISSION IS TO PROVIDE HEALTH CARE SERVICES IN A MANNER THAT PROMOTES HEALTH FOR THE BENEFIT OF THE COMMUNITY, TO PERFORM MEDICAL AND CLINICAL RESEARCH IN THE PUBLIC INTEREST, TO PROVIDE HEALTH AND MEDICAL EDUCATIONAL PROGRAMS IN A CHARITABLE MANNER ON SUBJECTS USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY, AND TO DO ALL ACTS NECESSARY OR EXPEDIENT FOR THE ADMINISTRATION OF ITS AFFAIRS AND THE ATTAINMENT OF ITS CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. |
| FORM 990, PART VI, LINE 2 |
KATHLEEN E. WALSH IS THE PRESIDENT/CEO OF BOSTON MEDICAL CENTER (BMC). CERTAIN INDIVIDUALS LISTED IN PART VII, SECTION A ARE EMPLOYEES OF BMC, A RELATED ORGANIZATION OF BOSTON UNIVERSITY AFFILIATED PHYSICIANS, INC. (BUAP). FORM 990, PART VI, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS BOSTON MEDICAL CENTER CORPORATION. FORM 990, PART VI, LINE 7A THE ORGANIZATION'S SOLE CORPORATE MEMBER HAS THE RIGHT TO APPOINT MEMBER TRUSTEES. MEMBER TRUSTEES AT ALL TIMES ARE REQUIRED TO CONSTITUTE 60% OF THE TOTAL MEMBERS OF THE BOARD OF TRUSTEES. THE REMAINING MEMBERS OF THE BOARD OF TRUSTEES SHALL BE "PHYSICIAN TRUSTEES." PHYSICIAN EMPLOYEES HAVE THE RIGHT TO APPOINT PHYSICIAN TRUSTEES AS PROVIDED IN THE BYLAWS. FORM 990, PART VI, LINE 11B PRIOR TO THE FILING OF THE FORM 990 WITH THE IRS, THE FORM 990 WAS PREPARED BY OUR OUTSIDE TAX CONSULTANTS AND REVIEWED BY INTERNAL MANAGEMENT. THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOSTON MEDICAL CENTER BOARD OF TRUSTEES THEN REVIEWED THE RETURN. EACH MEMBER OF BUAP'S BOARD WAS PROVIDED A COPY OF THE FINAL FORM 990 PRIOR TO FILING. FORM 990, PART VI, LINE 12 CONFLICT OF INTEREST QUESTIONNAIRES FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2014 WERE DISTRIBUTED BY BMC'S COMPLIANCE AND LEGAL DEPARTMENT. BMC'S CHIEF COMPLIANCE OFFICER QUERIES TRUSTEES, OFFICERS AND DIRECTORS ON AT LEAST AN ANNUAL BASIS REGARDING RELATIONSHIPS THAT MAY CREATE POTENTIAL CONFLICTS OF INTEREST. BMC'S CHIEF COMPLIANCE OFFICER REVIEWS ALL DISCLOSURES AND DETERMINES WHETHER THERE ARE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. BMC'S CHIEF COMPLIANCE OFFICER ADVISES THE BOARD OF TRUSTEES AND OFFICERS OF THE CORPORATION ACCORDINGLY. FORM 990, PART VI, LINES 15A & 15B BOSTON UNIVERSITY AFFILIATED PHYSICIANS (BUAP) RELIED ON BOSTON MEDICAL CENTER (BMC), A RELATED ORGANIZATION OF BUAP, TO ESTABLISH THE COMPENSATION OF ITS OFFICERS WHO ARE BMC EXECUTIVES. BMC USED AN INDEPENDENT COMMITTEE, FORMED OF INDIVIDUALS WHOSE COMPENSATION IS NOT IN ISSUE TO DETERMINE THE COMPENSATION OF OFFICERS WHO ARE BMC EXECUTIVES. THE COMMITTEE MEMBERS ARE NOT UNDER THE CONTROL OR DIRECTION OF ANY BMC EXECUTIVE SEEKING COMPENSATION. THE COMPENSATION PLAN IS SUPPORTED BY COMPARABLE DATA, WHICH INCLUDES COMPENSATION PAID FOR COMPARABLE POSITIONS BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, COMPENSATION SURVEYS COMPILED INDEPENDENTLY, AND/OR ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE BMC EXECUTIVE. THE INDEPENDENT COMMITTEE'S ASSESSMENT OF THESE CONSIDERATIONS ARE CONTAINED IN THE MINUTES OF THE COMMITTEE MEETING. THE REVIEW PROCESS INCLUDES - AND MINUTES INDICATE - DISCUSSIONS AND EVALUATIONS OF EACH EXECUTIVE'S PRIOR PERFORMANCE, QUALIFICATIONS, AND EXPERIENCE. EXECUTIVES ARE NOT PRESENT FOR THE INDEPENDENT COMMITTEE'S DISCUSSION AND VOTE ON COMPENSATION. THE MINUTES REFLECT THE FACT THAT NO EXECUTIVE WAS PRESENT. FORM 990, PART VI, LINE 19 BOSTON UNIVERSITY AFFILIATED PHYSICIANS, INC. DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY PUBLICLY AVAILABLE. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE. FORM 990, PART VII, SECTION A BOSTON UNIVERSITY AFFILIATED PHYSICIANS AND ITS RELATED ORGANIZATIONS DO NOT COMPENSATE ANY TRUSTEE IN THEIR CAPACITY AS A TRUSTEE. ALL COMPENSATION PAID IS FOR WORK PERFORMED AS PHYSICIANS OR OFFICERS. |
Attach to Form 990 or 990-EZ.