Form 990 for tax year 2024
Filed by LONGWOOD RESEARCH INSTITUTE INC.
Totals
- Total revenue
- $0
- Total expenses
- $309,101
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $82,235,364
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $82,235,364
- Program services expenses (Part IX)
- $309,101
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $309,101
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Functional expenses
Part IX, the statement of functional expenses.
-
16 · Occupancy
total $309,101 · program services $309,101
Balance sheet
Part X, book values.
-
10a · Land, buildings and equipment: cost or other basis
$74,599,375
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $73,779,362 · end of year $74,599,375
-
15 · Other assets
beginning of year $8,733,502 · end of year $7,635,989
-
27 · Net assets without donor restrictions
beginning of year $82,512,864 · end of year $82,235,364
Mission and programs · 2024
Mission
Longwood Research Institute, Inc. works to promote and expand human knowledge in the field of medical science, public health and the health and welfare of infants, children, adolescents and adults by directly engaging in the continuous active conduct of medical and other scientific research by means of investigations, experiments, and studies within the associated disciplines spanning the medical sciences to discover, develop, verify or clarify knowledge and understanding. It also holds, owns, maintains, improves, and operates real property for the benefit of The Children's Hospital Corporation.
Activities or mission (Part I)
Expands medical science knowledge through research and holds real estate property.
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Longwood Research Institute, Inc. works to promote and expand human knowledge in the field of medical science, public health and the health and welfare of infants, children, adolescents and adults by directly engaging in the continuous active conduct of medical and other scientific research by means of investigations, experiments, and studies within the associated disciplines spanning the medical sciences to discover, develop, verify or clarify knowledge and understanding. It also holds, owns, maintains, improves, and operates real property for the benefit of The Children's Hospital Corporation.
Expenses $309,101
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kevin Churchwell MD
President & Trustee
- Total calculated
- $3,490,323
- From this org
- $0
- From related orgs
- $3,311,889
- Other
- $178,434
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $1,856,511 related
- Bonus
- $0 + $915,518 related
- Other
- $0 + $539,860 related
- Deferred
- $0 + $34,500 related
- Nontaxable benefits
- $0 + $143,934 related
- Filer's total
- $0 + $3,490,323 related
-
Douglas Vanderslice
Treasurer & Trustee
- Total calculated
- $1,953,676
- From this org
- $0
- From related orgs
- $1,859,177
- Other
- $94,499
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $1,054,348 related
- Bonus
- $0 + $522,489 related
- Other
- $0 + $282,340 related
- Deferred
- $0 + $34,500 related
- Nontaxable benefits
- $0 + $59,999 related
- Filer's total
- $0 + $1,953,676 related
-
Douglas Berthiaume
Chairman
- Total calculated
- $0
- Hours/week
- 1 + 10 related
-
Christopher Viney JD
Clerk & Trustee
- Total calculated
- $1,105,466
- From this org
- $0
- From related orgs
- $1,034,936
- Other
- $70,530
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $732,301 related
- Bonus
- $0 + $188,467 related
- Other
- $0 + $114,168 related
- Deferred
- $0 + $20,315 related
- Nontaxable benefits
- $0 + $50,215 related
- Filer's total
- $0 + $1,105,466 related
-
Michele Garvin Esq
Former Clerk & Trustee
- Total calculated
- $1,054,550
- From this org
- $0
- From related orgs
- $979,529
- Other
- $75,021
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $643,416 related
- Bonus
- $0 + $185,938 related
- Other
- $0 + $150,175 related
- Deferred
- $0 + $34,500 related
- Nontaxable benefits
- $0 + $40,521 related
- Filer's total
- $0 + $1,054,550 related
-
Sandra Fenwick
Former President & Trustee
- Total calculated
- $437,833
- From this org
- $0
- From related orgs
- $437,833
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0 + $437,833 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $437,833 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 3
- Longwood Research Institute, Inc. relies on Children's Hospital Corporation, a related organization, to review and approve the compensation paid to individuals listed in Part II.
- Part I, Line 4b
- Children's Hospital Corporation, a related organization, made contributions to the supplemental non-qualified retirement plan for the individuals listed below. Contribution amounts are generally based on a percentage of compensation. Participants of the supplemental executive retirement plan are fully vested. All payments with respect to a participant's separation from service will be made in a single sum following the separation from service unless participant has elected to receive the accrued interest portion of his or her account in three annual installments. Contributions were for Children's Hospital Corporation employee benefits and not for Longwood Research Institute, Inc. Trustee or Officer of the Board services and/or responsibilities. During calendar year 2024, Children's Hospital Corporation made contributions to the supplemental non-qualified retirement plan for the individuals below: Kevin Churchwell, MD received a contribution of $502,587 Douglas Vanderslice received a contribution of $273,489 Christopher Viney, JD received a contribution of $86,982 Michele Garvin, Esq. received a contribution of $133,545 During calendar year 2024, the following individual received supplemental executive retirement plan distributions from Children's Hospital Corporation: Sandra Fenwick received a distribution of $943,833. Of that amount only $437,833 was considered to be taxable in the current year.
- Part II
- Compensation is for Children's Hospital Corporation executive/employee services; not for Longwood Research Institute, Inc. Trustee or Officer of the Board services.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
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Children's Medical Center Corporation
501(c)(3) · Holds & manages securities & real estate investments for Children's Hospital · MA
-
Children's Hospital Corporation
501(c)(3) · Pediatric healthcare, education and research hospital · MA
Directly controlled by Children's Medical Center Corporation
-
501(c)(3) · Holds & manages satellite ambulatory centers; real estate investments · MA
Directly controlled by Children's Medical Center Corporation
-
501(c)(3) · Owning & Leasing Real Estate · MA
Directly controlled by Children's Medical Center Corporation
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Boston Children's Network Specialty Physicians Inc
501(c)(3) · Healthcare · MA
Directly controlled by Children's Hospital Corporation
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Franciscan Hospital for Children Inc
501(c)(3) · Pediatric rehabilitation and behavioral health · MA
Directly controlled by Children's Medical Center Corporation
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
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Children's Westland LLC
Own, develop, construct, rehabilitate, and manage real estate properties · MA · income $0 · assets $0
Directly controlled by Longwood Research Institute Inc
-
BCH 819 Beacon Street LLC
Real Estate Holdings · MA · income $0 · assets $7,190,109
Directly controlled by Longwood Research Institute Inc
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Franciscan Pediatrics Inc
C · Healthcare · MA
Directly controlled by Franciscan Hospital for Children Inc
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 August 2026
- IRS schema version
- 2024v5.5
- Source object
- 202642269349300009
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