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Tufts Shared Services Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237000827 ✦ Boston, MA ✦ Designated as a 501(c)(3)

Overview

What is Tufts Shared Services Inc?

Tufts Shared Services Inc is a 70-employee strong nonprofit organization based in Boston, Massachusetts. Established in 1968, its mission is to coordinate and enhance the health and educational services offered at Tufts Medical Center, a hospital, and Tufts University, a university. The organization primarily operates as a utility supply center, supplying electricity, steam, water and sewer, natural gas, and managing central utilities for most of the buildings between Harrison Avenue and Tremont Street for both institutions. They are responsible for their respective shares of the utilities and have a principal location in the Dental Building basement, along with operating the utility supply center at the Tufts Human Nutrition Research Center. Tufts Shared Services Inc provides weekend, nighttime, and holiday coverage for Tufts Medical Center.


Is Tufts Shared Services Inc legitimate?

Tufts Shared Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tufts Shared Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $477,858
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,193,901

For more financial information, click here


What is the mission statement of Tufts Shared Services Inc?
Who is the CEO of Tufts Shared Services Inc?
What is the revenue of Tufts Shared Services Inc?
Who are the executives of Tufts Shared Services Inc and what are their salaries?

The average compensation at Tufts Shared Services Inc during 2022 was $81,025. There are 70 employees at Tufts Shared Services Inc.

Here are 16 key members and their salaries:


Where can I find the form 990 for Tufts Shared Services Inc?

Mission Statement of Tufts Shared Services Inc

Tufts Shared Services Inc, established in 1968, is an organization dedicated to coordinating and enhancing the health and educational services offered at Tufts Medical Center, a renowned hospital, and Tufts University, a prestigious university. By supplementing these institutions' resources, Tufts Shared Services ensures optimal functioning of their facilities between Harrison Avenue and Tremont Street.

The organization plays a pivotal role in managing utility services within the Tufts Medical Center and Tufts University campus. Tufts Shared Services is responsible for the utility-related needs of both institutions, including electricity, steam, water and sewer, and natural gas. Its primary location resides in the Dental Building's basement, with additional operations at the Tufts Human Nutrition Research Center's Utility Supply Center. Tufts Shared Services extends its support beyond regular business hours, providing coverage for nights, weekends, and holidays at Tufts Medical Center.

Furthermore, Tufts Shared Services assumes the management of central electricity, steam, water and sewer, and natural gas for these institutions. With its commitment to providing uninterrupted services, Tufts Shared Services operates as an essential partner to Tufts Medical Center and Tufts University, ensuring their continued growth and development in their respective fields.

Impact

This information is meant to be a general summary of Tufts Shared Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Tufts Shared Services Inc has a significant impact on both Tufts Medical Center and Tufts University by providing essential utility-related services to their buildings. The organization, established in 1968, coordinates and supplements the health and educational services of these institutions. Its Utility Supply Center manages central electricity, steam, water, sewer, and natural gas for most buildings within the campus area, ensuring uninterrupted operations and efficient resource management. Additionally, Tufts Shared Services Inc plays a key role in supporting the functions of the Tufts Human Nutrition Research Center and provides nights, weekends, and holiday coverage for Tufts Medical Center. Through its services, the organization contributes to the smooth functioning and sustainability of critical infrastructure, ultimately benefiting the healthcare and educational activities of Tufts Medical Center and Tufts University.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $27,785
  • Program Service Revenue: $36,057,908
  • Gross Receipts: $36,251,859

    • Assets and Liabilities:
  • Total Assets: $29,593,995
  • Total Liabilities: $3,683,474
  • Net Assets: $25,910,521
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INSTITUTIONAL USE

    Revenue

    $20,574,677

    RENTAL AND PARKING FACILITIES

    Revenue

    $15,128,897

    OUTSIDE USERS & AFFILIATES

    Revenue

    $354,334

    Organization Details

    Founding Year

    1968

    Principal Officer

    James Foley

    Main Address

    171 HARRISON AVENUE BOX 821, BOSTON, MA, 02111

    NTEE Category

    Code: E220 - Health

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