Chmc Cardiovascular Surgical Foundation Incorporated

Boston, MA
Tax-exempt since Nov. 1983
EIN: 04-2764370

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$32.2M (2023)

Expenses

$28.2M (2023)

Total Assets

$48.1M (2023)

Total Liabilities

$11.3M (2023)

Years with multiple filings

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Revenue

$32,150,038

Expenses

$28,185,973

Net Income

$3,964,065

Net Assets

$36,794,221

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$28,933,446	90.0%
Investment Income	$354,195	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,849,572	8.9%
Net Inventory Sales	$0
Other Revenue	$12,825	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,159,214	36.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,380,008	26.2%

Assets/Debt
Total Assets	$48,088,574
Total Liabilities	$11,294,353
Net Assets	$36,794,221

Compensation

Key Employees and Officers	Compensation	Related	Other
Pedro Del Nido Md (President)	$3,303,767	$0	$46,286
Christopher W Baird Md (Treasurer)	$1,692,224	$0	$46,286
Sitaram M Emani Md (Director)	$1,691,710	$0	$46,286
Aditya K Kaza Md (Clerk)	$1,137,486	$0	$46,286
Francis Fynn Thompson Md (Director)	$1,070,886	$0	$46,286
John E Mayer Jr Md (Director)	$888,934	$0	$46,286
Nathalie Roy Md (Director)	$787,151	$0	$46,286
David Hoganson Md (Physician)	$157,206	$0	$7,434
Physicians Org At Ch Inc (Institutional Trustee)	$0	$0	$0

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990

Filed on Aug. 16, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2022

Revenue

$21,604,347

Expenses

$24,941,364

Net Income

-$3,337,017

Net Assets

$31,455,030

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$67,000	0.3%
Program Services	$21,089,332	97.6%
Investment Income	$275,830	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,747	0.0%
Net Inventory Sales	$0
Other Revenue	$170,438	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,608,977	42.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,838,740	27.4%

Assets/Debt
Total Assets	$46,436,293
Total Liabilities	$14,981,263
Net Assets	$31,455,030

Compensation

Key Employees and Officers	Compensation	Related	Other
Pedro Del Nido Md (President)	$2,958,170	$0	$51,633
Christopher W Baird Md (Treasurer)	$1,391,579	$0	$47,434
Sitaram M Emani Md (Director)	$1,273,524	$0	$47,127
Aditya K Kaza Md (Clerk)	$1,259,456	$0	$47,096
Francis Fynn Thompson Md (Director)	$1,157,827	$0	$48,817
John E Mayer Jr Md (Director)	$1,010,675	$0	$45,874
Nathalie Roy Md (Director)	$616,492	$0	$27,654
Physicians Org At Ch Inc (Institutional Trustee)	$0	$0	$0
Janet Horgan (Former Officer)	$0	$252,689	$26,092

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990

Filed on Aug. 11, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2021

Revenue

$25,318,516

Expenses

$21,761,313

Net Income

$3,557,203

Net Assets

$39,090,306

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$25,332,925	> 100%
Investment Income	$232,090	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$3,129
Net Inventory Sales	$0
Other Revenue	-$243,370

Notable Expenses		Percent of Total Expenses
Executive Compensation	$9,628,066	44.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,334,690	24.5%

Assets/Debt
Total Assets	$51,520,941
Total Liabilities	$12,430,635
Net Assets	$39,090,306

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Aditya K Kaza Md (Clerk)	$3,060,804	$0	$63,353
Pedro Del Nido Md (President)	$2,947,078	$0	$78,882
Christopher W Baird Md (Director)	$1,244,691	$0	$69,531
Sitaram M Emani Md (Director)	$1,232,531	$0	$65,377
Francis Fynn Thompson Md (Director)	$1,098,487	$0	$65,777
John E Mayer Jr Md (Director)	$954,931	$0	$62,881
Nathalie Roy Md (Director (5/21 9/21))	$0	$0	$0
Physicians Org At Ch Inc (Institutional Trustee)	$0	$0	$0
Janet Horgan (Treasurer (Non Voting))	$0	$225,159	$25,918

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990

Filed on Aug. 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2020

Revenue

$20,685,808

Expenses

$20,300,463

Net Income

$385,345

Net Assets

$28,875,906

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$402,930	1.9%
Program Services	$19,947,379	96.4%
Investment Income	$244,835	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$51,373
Net Inventory Sales	$0
Other Revenue	$142,037	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$17,684,124	87.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,941,132	24.3%

Assets/Debt
Total Assets	$38,696,663
Total Liabilities	$9,820,757
Net Assets	$28,875,906

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Sitaram M Emani Md (Director)	$3,631,802	$0	$69,317
Christopher W Baird Md (Director)	$3,525,941	$0	$69,978
Francis Fynn Thompson Md (Director)	$3,020,779	$0	$68,060
Pedro Del Nido Md (President)	$2,731,670	$0	$65,501
Aditya K Kaza Md (Clerk)	$1,054,218	$0	$68,478
John Mayer Md (Director)	$870,522	$0	$69,317
Janet Horgan (Treasurer (Non Voting))	$0	$213,698	$24,722
Physicians Org At Ch Inc (Institutional Trustee)	$0	$0	$0

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990

Filed on Aug. 13, 2021

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Fiscal Year Ending Sept.
2019

Revenue

$20,694,023

Expenses

$17,759,761

Net Income

$2,934,262

Net Assets

$24,782,780

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$20,745,203	> 100%
Investment Income	$268,342	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$319,522
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,293,395	46.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,131,200	23.3%

Assets/Debt
Total Assets	$37,139,855
Total Liabilities	$12,357,075
Net Assets	$24,782,780

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Pedro Del Nido Md (President)	$2,640,394	$0	$61,613
Sitaram M Emani Md (Director)	$1,360,422	$0	$45,268
Francis Fynn Thompson Md (Director)	$1,120,579	$0	$70,780
Aditya K Kaza Md (Director)	$1,090,391	$0	$46,180
Christopher W Baird Md (Director)	$1,043,497	$0	$49,633
John E Mayer Jr Md (Treasurer/Secretary)	$1,040,165	$0	$84,589
Physicians Org At Ch Inc (Institutional Trustee)	$0	$0	$0

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990

Filed on Aug. 17, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Sept.
2018

Revenue

$20,861,135

Expenses

$19,736,631

Net Income

$1,124,504

Net Assets

$22,783,049

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$20,201,867	96.8%
Investment Income	$461,218	2.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$17,592
Net Inventory Sales	$0
Other Revenue	$215,642	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$8,350,505	42.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,676,928	18.6%

Assets/Debt
Total Assets	$40,271,468
Total Liabilities	$17,488,419
Net Assets	$22,783,049

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Pedro Del Nido Md (President)	$2,474,720	$0	$32,821
Sitaram M Emani Md (Director)	$976,059	$0	$32,821
John E Mayer Jr Md (Treasurer/Secretary)	$958,359	$0	$49,366
Aditya K Kaza Md (Director)	$884,935	$0	$32,821
Christopher W Baird Md (Director)	$866,325	$0	$32,821
Francis Fynn Thompson Md (Director)	$855,950	$0	$32,821
Jorge Salazar Md (Physician)	$637,454	$0	$21,851
Physicians Org At Ch Inc (Institutional Trustee)	$0	$0	$0

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990

Filed on Aug. 12, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Sept.
2017

Revenue

$17,779,517

Expenses

$19,240,927

Net Income

-$1,461,410

Net Assets

$19,233,416

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$17,349,315	97.6%
Investment Income	$414,544	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$15,658	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,912,172	35.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,679,184	19.1%

Assets/Debt
Total Assets	$37,533,449
Total Liabilities	$18,300,033
Net Assets	$19,233,416

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Pedro Del Nido Md (President)	$2,022,805	$0	$34,764
John E Mayer Jr Md (Treasurer/Secretary)	$942,878	$0	$31,516
Sitaram M Emani Md (Director)	$914,406	$0	$31,481
Aditya K Kaza Md (Director)	$808,160	$0	$31,099
Christopher W Baird Md (Director)	$806,007	$0	$32,181
Francis Fynn Thompson Md (Director)	$802,924	$0	$34,156
Jorge Salazar Md (Physician)	$365,531	$0	$12,565
Physicians Org At Ch Inc (Institutional Trustee)	$0	$0	$0

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990

Filed on Aug. 13, 2018

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Fiscal Year Ending Sept.
2016

Revenue

$16,368,403

Expenses

$15,064,604

Net Income

$1,303,799

Net Assets

$17,604,609

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,177,165	98.8%
Investment Income	$296,491	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$105,253
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,744,545	51.4%

Assets/Debt
Total Assets	$33,259,072
Total Liabilities	$15,654,463
Net Assets	$17,604,609

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Pedro Del Nido Md (President/Director)	$1,935,534	$0	$186,642
John E Mayer Jr Md (Secretary/Treasurer/Direct)	$915,113	$0	$103,813
Frank A Pigula Md (Director)	$842,084	$0	$168,159
Sitaram M Emani (D Irector)	$759,459	$0	$240,758
Francis Flynn Thompson Md (Phy Sician)	$693,144	$0	$204,598
Christopher J Baird Md (Physician)	$619,025	$0	$255,224
Aditya Kaza Md (Phy Sician)	$523,449	$0	$89,295
Physicians Org At Children's Inc (Independent Board Member)	$0	$0	$0

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990

Filed on Aug. 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Sept.
2015

Revenue

$13,443,523

Expenses

$15,173,158

Net Income

-$1,729,635

Net Assets

$17,228,807

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,928,195	96.2%
Investment Income	$259,621	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$241,160	1.8%
Net Inventory Sales	$0
Other Revenue	$14,547	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,114,921	33.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,142,063	14.1%

Assets/Debt
Total Assets	$29,646,973
Total Liabilities	$12,418,166
Net Assets	$17,228,807

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Pedro Del Nido Md (President/Director)	$4,240,964	$0	$217,794
Frank A Pigula Md (Director)	$2,728,467	$0	$179,212
John E Mayer Jr Md (Secretary/Treasurer/Direct)	$890,967	$0	$102,929
Sitaram M Emani (Director)	$733,008	$0	$136,220
Francis Flynn Thompson Md (Physician)	$677,605	$0	$135,661
Christopher J Baird Md (Physician)	$621,143	$0	$136,812
Aditya K Kaza Md (Physician)	$0	$500,000	$0
Physicians Org At Children's Inc (Independent Board Member)	$0	$0	$0

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990

Filed on Aug. 11, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2014

Revenue

$13,016,676

Expenses

$12,723,962

Net Income

$292,714

Net Assets

$20,426,489

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,829,808	98.6%
Investment Income	$242,441	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$55,573
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,869,113	38.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,354,034	18.5%

Assets/Debt
Total Assets	$32,664,887
Total Liabilities	$12,238,398
Net Assets	$20,426,489

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
John E Mayer Jr Md (Secretary/Treasurer/Direct)	$2,012,858	$0	$86,966
Pedro Del Nido Md (President/Director)	$1,163,899	$0	$286,019
Frank A Pigula Md (Director)	$790,691	$0	$201,712
Sitaram M Emani (Director)	$721,654	$0	$118,358
Francis Flynn Thompson Md (Physician)	$603,921	$0	$108,008
Christopher J Baird Md (Physician)	$539,198	$0	$121,002
Physicians' Org At Children's Inc (Independent Board Member)	$0	$0	$0

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990

Filed on Aug. 14, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2013

Revenue

$12,197,079

Expenses

$16,043,555

Net Income

-$3,846,476

Net Assets

$17,086,892

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$11,943,451	97.9%
Investment Income	$142,399	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$126,166	1.0%
Net Inventory Sales	$0
Other Revenue	-$14,937

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,810,458	30.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,240,990	7.7%

Assets/Debt
Total Assets	$28,822,173
Total Liabilities	$11,735,281
Net Assets	$17,086,892

990

Filed on Oct. 27, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Sept.
2012

Revenue

$12,204,266

Expenses

$9,168,446

Net Income

$3,035,820

Net Assets

$19,241,941

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,106,889	99.2%
Investment Income	$183,096	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$77,516
Net Inventory Sales	$0
Other Revenue	-$8,203

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,001,737	32.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,413,468	15.4%

Assets/Debt
Total Assets	$28,072,012
Total Liabilities	$8,830,071
Net Assets	$19,241,941

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$4,713,119

Expenses

$1,935,744

Net Income

$2,777,375

Net Assets

$13,755,364

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,636,864	98.4%
Investment Income	$76,255	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$998,410	51.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$386,998	20.0%

Assets/Debt
Total Assets	$20,148,588
Total Liabilities	$6,393,224
Net Assets	$13,755,364

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending May
2011

Revenue

$10,601,358

Expenses

$13,655,978

Net Income

-$3,054,620

Net Assets

$14,253,451

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$10,401,114	98.1%
Investment Income	$198,824	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,420	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,581,789	18.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,438,700	10.5%

Assets/Debt
Total Assets	$20,833,030
Total Liabilities	$6,579,579
Net Assets	$14,253,451

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Chmc Cardiovascular Surgical Foundation Incorporated

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $32.2M (2023)

Expenses $28.2M (2023)

Total Assets $48.1M (2023)

Total Liabilities $11.3M (2023)

Tax Filings by Year

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Revenue

$32.2M (2023)

Expenses

$28.2M (2023)

Total Assets

$48.1M (2023)

Total Liabilities

$11.3M (2023)

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending May
2011

Fiscal Year Ending May
2010

Fiscal Year Ending May
2009

Fiscal Year Ending May
2008

Fiscal Year Ending May
2007

Fiscal Year Ending May
2006

Fiscal Year Ending May
2005

Fiscal Year Ending May
2004

Fiscal Year Ending May
2003

Fiscal Year Ending May
2002

Fiscal Year Ending May
2001