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Nonprofiteer
← BROWN MEDICINE

Form 990 for tax year 2024

Filed by BROWN MEDICINE.

Totals

Total revenue
$117,964,291
Total expenses
$124,173,321
Contributions and grants received
$6,322,169
Grants paid
$231,224
Program service revenue
$108,928,547
Investment income
$2,440,390
Other revenue
$273,185
Total assets, end of year
$73,486,577
Total liabilities, end of year
$31,740,884
Net assets or fund balances, end of year
$41,745,693
Program services expenses (Part IX)
$109,631,593
Management and general expenses
$14,541,728
Fundraising expenses
$0
Program service expenses (Part III)
$109,631,593

Program services were 88.3% 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.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $5,446,669

  • 1f · All other contributions, gifts and grants

    $875,500

  • 2a · Program service revenue: CLINICAL & CONTRACT SE

    total $57,795,409 · related or exempt $57,795,409

  • 2b · Program service revenue: PATIENT SERVICES

    total $45,064,645 · related or exempt $45,064,645

  • 2c · Program service revenue: TEACHING & RELATED

    total $4,840,232 · related or exempt $4,840,232

  • 2d · Program service revenue: MANAGEMENT FEES

    total $926,212 · related or exempt $926,212

  • 2e · Program service revenue: OTHER PROGRAM SERVICES

    total $302,049 · related or exempt $302,049

  • 3 · Investment income

    total $895,195 · excluded $895,195

  • 6a · Gross rents

    real property $273,185

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $273,185

  • 6d · Net rental income or loss

    total $273,185 · excluded $273,185

  • 7a · Gross sales of assets other than inventory

    securities $5,119,810

  • 7b · Less cost or other basis and sales expenses

    securities $3,574,615

  • 7c · Gain or loss

    securities $1,545,195

  • 7d · Net gain or loss

    total $1,545,195 · excluded $1,545,195

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $231,224 · program services $231,224

  • 5 · Compensation of officers, directors and key employees

    total $3,858,274 · program services $3,493,556 · management and general $364,718

  • 7 · Other salaries and wages

    total $70,135,942 · program services $68,734,130 · management and general $1,401,812

  • 8 · Pension plan contributions

    total $6,047,279 · program services $5,926,919 · management and general $120,360

  • 9 · Other employee benefits

    total $8,136,509 · program services $6,695,825 · management and general $1,440,684

  • 10 · Payroll taxes

    total $4,882,200 · program services $4,768,445 · management and general $113,755

  • 11b · Fees: legal

    total $205,816 · management and general $205,816

  • 11c · Fees: accounting

    total $91,667 · management and general $91,667

  • 11f · Fees: investment management

    total $63,732 · management and general $63,732

  • 11g · Fees: other

    total $10,525,240 · program services $2,296,946 · management and general $8,228,294

  • 12 · Advertising and promotion

    total $74,419 · management and general $74,419

  • 13 · Office expenses

    total $1,409,021 · program services $664,958 · management and general $744,063

  • 14 · Information technology

    total $701,767 · program services $130,551 · management and general $571,216

  • 16 · Occupancy

    total $4,387,409 · program services $3,718,070 · management and general $669,339

  • 20 · Interest

    total $91,474 · management and general $91,474

  • 22 · Depreciation, depletion and amortization

    total $994,417 · program services $886,619 · management and general $107,798

  • 23 · Insurance

    total $6,376,610 · program services $6,124,029 · management and general $252,581

  • 24a · Other expenses: RESEARCH EXPENSES

    total $1,909,323 · program services $1,909,323

  • 24b · Other expenses: PHARMACEUTICALS AND MED

    total $1,834,407 · program services $1,834,407

  • 24c · Other expenses: ACADEMIC ASSESSMENT

    total $1,674,038 · program services $1,674,038

  • 24d · Other expenses: DISCRETIONARY SPENDING

    total $542,553 · program services $542,553

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,452,730 · end of year $9,719,973

  • 2 · Savings and temporary cash investments

    beginning of year $3,521,814

  • 4 · Accounts receivable

    beginning of year $8,327,383 · end of year $10,057,148

  • 7 · Other notes and loans receivable

    beginning of year $29,943

  • 9 · Prepaid expenses and deferred charges

    beginning of year $927,480 · end of year $714,482

  • 10a · Land, buildings and equipment: cost or other basis

    $18,353,716

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,472,246

  • 10c · Land, buildings and equipment, net

    beginning of year $6,446,456 · end of year $6,881,470

  • 11 · Investments: publicly traded securities

    beginning of year $33,706,847 · end of year $32,367,869

  • 15 · Other assets

    beginning of year $15,313,847 · end of year $13,745,635

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,324,530 · end of year $11,828,253

  • 19 · Deferred revenue

    beginning of year $195,302 · end of year $124,433

  • 23 · Secured mortgages and notes payable

    beginning of year $2,597,143 · end of year $2,275,179

  • 25 · Other liabilities

    beginning of year $18,936,573 · end of year $17,513,019

  • 27 · Net assets without donor restrictions

    beginning of year $46,672,952 · end of year $41,745,693

Mission and programs · 2024

Mission

BROWN MEDICINE IS A NON-PROFIT, ACADEMIC, MULTI-SPECIALTY MEDICAL GROUP WITH PRACTICE LOCATIONS IN PROVIDENCE, RI AND SURROUNDING COMMUNITIES. OUR THREE-PART MISSION COMBINES PATIENT CARE, TEACHING, AND RESEARCH, ENABLING US TO PROVIDE EXCEPTIONAL CARE LOCALLY, NATIONALLY, AND GLOBALLY.

Activities or mission (Part I)

TO PROVIDE HIGH-LEVEL PATIENT CARE, ADVANCE MEDICAL KNOWLEDGE AND SCIENCE AND DEVELOP CURES.

  • BROWN MEDICINE PROVIDED PRIMARY CARE AND SPECIALTY CARE AT NUMEROUS SITES THROUGHOUT RHODE ISLAND AS WELL AS OUTPATIENT AND INPATIENT CARE THROUGH NINE SUBSPECIALTY DIVISIONS AT RHODE ISLAND HOSPITAL, MIRIAM HOSPITAL AND THE PROVIDENCE VETERAN'S ADMINISTRATION HOSPITAL. BROWN MEDICINE PHYSICIANS RAN THE HOSPITALISTS PROGRAMS AT BOTH THE RHODE ISLAND AND MIRIAM HOSPITALS. IN ADDITION, BROWN MEDICINE OFFERED MEDICAL CARE AT ALL SEVEN OF RHODE ISLAND'S INPATIENT KIDNEY DIALYSIS CENTERS AND TWO STAND ALONE OUTPATIENT DIALYSIS CENTERS, AND BROWN MEDICINE OFFERED A TRAVEL CLINIC.

    Expenses $109,631,593 · Grants $231,224 · Revenue $108,928,547

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LOUIS B RICE MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • SHARON ROUNDS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • NADIA MUJAHID MD

    DIRECTOR

    Total calculated
    $269,496
    From this org
    $216,429
    From related orgs
    $0
    Other
    $53,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,814
    Bonus
    $3,125
    Other
    $490
    Deferred
    $22,677
    Nontaxable benefits
    $30,390
    Filer's total
    $269,496

  • LAURA EDMONDS MD

    DIRECTOR

    Total calculated
    $222,263
    From this org
    $174,324
    From related orgs
    $0
    Other
    $47,939
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,831
    Bonus
    $31,931
    Other
    $562
    Deferred
    $18,193
    Nontaxable benefits
    $29,746
    Filer's total
    $222,263

  • KATHERINE SHARKEY MD

    DIRECTOR (TO 8/25)

    Total calculated
    $328,573
    From this org
    $269,732
    From related orgs
    $0
    Other
    $58,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,496
    Bonus
    $625
    Other
    $2,611
    Deferred
    $27,846
    Nontaxable benefits
    $30,995
    Filer's total
    $328,573

  • JOHN REAGAN MD

    DIRECTOR

    Total calculated
    $450,223
    From this org
    $394,911
    From related orgs
    $0
    Other
    $55,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,298
    Bonus
    $12,375
    Other
    $1,238
    Deferred
    $34,500
    Nontaxable benefits
    $20,812
    Filer's total
    $450,223

  • WARREN LICHT MD

    DIRECTOR

    Total calculated
    $421,424
    From this org
    $380,911
    From related orgs
    $0
    Other
    $40,513
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,277
    Bonus
    $196,343
    Other
    $5,291
    Deferred
    $34,500
    Nontaxable benefits
    $6,013
    Filer's total
    $421,424

  • GEORGE BAYLISS MD

    DIRECTOR

    Total calculated
    $297,566
    From this org
    $248,118
    From related orgs
    $0
    Other
    $49,448
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,933
    Bonus
    $4,125
    Other
    $7,060
    Deferred
    $24,788
    Nontaxable benefits
    $24,660
    Filer's total
    $297,566

  • CHRISTINE DUFFY MD

    DIRECTOR

    Total calculated
    $235,078
    From this org
    $180,342
    From related orgs
    $0
    Other
    $54,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,340
    Bonus
    $16,304
    Other
    $1,698
    Deferred
    $18,922
    Nontaxable benefits
    $35,814
    Filer's total
    $235,078

  • CHESTON CUNHA MD

    DIRECTOR

    Total calculated
    $269,862
    From this org
    $224,756
    From related orgs
    $0
    Other
    $45,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,217
    Bonus
    $1,125
    Other
    $414
    Deferred
    $22,735
    Nontaxable benefits
    $22,371
    Filer's total
    $269,862

  • CAROLYNN NASSAR MD

    DIRECTOR (TO 12/24)

    Total calculated
    $72,244
    From this org
    $70,946
    From related orgs
    $0
    Other
    $1,298
    Hours/week
    40

  • ANGELA CALIENDO MD PHD

    EXECUTIVE OFFICER/ VP

    Total calculated
    $748,033
    From this org
    $682,708
    From related orgs
    $0
    Other
    $65,325
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $628,230
    Bonus
    $40,000
    Other
    $14,478
    Deferred
    $34,500
    Nontaxable benefits
    $30,825
    Filer's total
    $748,033

  • ANN KASHMANIAN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $494,710
    From this org
    $97,059
    From related orgs
    $340,077
    Other
    $57,574
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $61,044 + $334,540 related
    Bonus
    $35,000
    Other
    $1,015 + $5,537 related
    Deferred
    $9,656 + $33,667 related
    Nontaxable benefits
    $2,277 + $11,974 related
    Filer's total
    $108,992 + $385,718 related

  • PETER HOLLMANN MD

    CMO/TREASURER/SECRETARY

    Total calculated
    $302,650
    From this org
    $252,814
    From related orgs
    $0
    Other
    $49,836
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $219,648
    Bonus
    $25,000
    Other
    $8,166
    Deferred
    $25,500
    Nontaxable benefits
    $24,336
    Filer's total
    $302,650

  • TAMMY LEDERER

    CHIEF HR OFFICER

    Total calculated
    $309,213
    From this org
    $0
    From related orgs
    $267,561
    Other
    $41,652
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,394 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $7,167 related
    Deferred
    $0 + $26,014 related
    Nontaxable benefits
    $0 + $15,638 related
    Filer's total
    $0 + $309,213 related

  • KWAME DAPAAH-AFRIYIE MD

    DIV DIR, HOSPITAL MEDICINE

    Total calculated
    $521,454
    From this org
    $449,384
    From related orgs
    $0
    Other
    $72,070
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $419,432
    Bonus
    $25,000
    Other
    $4,952
    Deferred
    $34,500
    Nontaxable benefits
    $37,570
    Filer's total
    $521,454

  • ANTHONY MEGA MD

    PHYSICIAN

    Total calculated
    $474,304
    From this org
    $433,362
    From related orgs
    $0
    Other
    $40,942
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $416,566
    Bonus
    $10,500
    Other
    $6,296
    Deferred
    $34,500
    Nontaxable benefits
    $6,442
    Filer's total
    $474,304

  • HOWARD P SAFRAN MD

    DIV DIR HEMATOLOGY/ ONCOLOGY

    Total calculated
    $597,004
    From this org
    $524,286
    From related orgs
    $0
    Other
    $72,718
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $481,262
    Bonus
    $35,500
    Other
    $7,524
    Deferred
    $34,500
    Nontaxable benefits
    $38,218
    Filer's total
    $597,004

  • BENEDITO A CARNEIRO MD

    PHYSICIAN

    Total calculated
    $501,938
    From this org
    $429,220
    From related orgs
    $0
    Other
    $72,718
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $417,262
    Bonus
    $10,500
    Other
    $1,458
    Deferred
    $34,500
    Nontaxable benefits
    $38,218
    Filer's total
    $501,938

  • CHRISTOPHER AZZOLI MD

    PHYSICIAN

    Total calculated
    $499,576
    From this org
    $426,858
    From related orgs
    $0
    Other
    $72,718
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $414,139
    Bonus
    $10,500
    Other
    $2,219
    Deferred
    $34,500
    Nontaxable benefits
    $38,218
    Filer's total
    $499,576

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

  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

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.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202602199349301600

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