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Nonprofiteer
← BRADLEY HOSPITAL FOUNDATION

Form 990 for tax year 2024

Filed by BRADLEY HOSPITAL FOUNDATION.

Totals

Total revenue
$3,312,386
Total expenses
$3,260,819
Contributions and grants received
$3,208,508
Grants paid
$2,831,208
Program service revenue
$0
Investment income
$179,667
Other revenue
-$75,789
Total assets, end of year
$2,461,972
Total liabilities, end of year
$19,607
Net assets or fund balances, end of year
$2,442,365
Program services expenses (Part IX)
$2,831,208
Management and general expenses
$37,779
Fundraising expenses
$391,832
Program service expenses (Part III)
$2,831,208

Program services were 86.8% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $968,504

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $2,240,004

  • 1g · Noncash contributions included above

    $117,046

  • 3 · Investment income

    total $58,981 · related or exempt $0 · unrelated business $0 · excluded $58,981

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $598,859 · other assets $0

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

    securities $478,173 · other assets $0

  • 7c · Gain or loss

    securities $120,686 · other assets $0

  • 7d · Net gain or loss

    total $120,686 · related or exempt $0 · unrelated business $0 · excluded $120,686

  • 8a · Fundraising events: gross income

    $167,052

  • 8a · Fundraising events: contributions included on line 1c

    $968,504

  • 8b · Fundraising events: direct expenses

    $242,841

  • 8c · Net income from fundraising events

    total -$75,789 · unrelated business $0 · excluded -$75,789

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,831,208 · program services $2,831,208

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $28,853 · management and general $0 · fundraising $28,853

  • 13 · Office expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Purchased Services from Brown Health

    total $360,875 · program services $0 · management and general $0 · fundraising $360,875

  • 24b · Other expenses: Bank Charges

    total $22,938 · program services $0 · management and general $22,938 · fundraising $0

  • 24c · Other expenses: Other Expenses

    total $14,841 · program services $0 · management and general $14,841 · fundraising $0

  • 24d · Other expenses: Postage and Freight

    total $2,104 · program services $0 · management and general $0 · fundraising $2,104

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,761 · end of year $1,305

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $533,608 · end of year $115,936

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,960 · end of year $94

  • 11 · Investments: publicly traded securities

    beginning of year $1,004,560 · end of year $1,428,694

  • 12 · Investments: other securities

    beginning of year $672,165 · end of year $825,312

  • 15 · Other assets

    beginning of year $83,929 · end of year $90,631

  • 17 · Accounts payable and accrued expenses

    beginning of year $796 · end of year $956

  • 25 · Other liabilities

    beginning of year $11,136 · end of year $18,651

  • 27 · Net assets without donor restrictions

    beginning of year $1,724,134 · end of year $2,259,653

  • 28 · Net assets with donor restrictions

    beginning of year $603,917 · end of year $182,712

Mission and programs · 2024

Mission

To be operated exclusively for charitable, scientific, and educational purposes, and more specifically, for the purpose of supporting and otherwise benefiting and being responsive to the needs of Brown University Health and its affiliates.

  • Through the development and administration of its philanthropic activities, Bradley Hospital Foundation (BHF) timely transfers various funds raised to EPBH to support its operating activities, which in turn benefit the Rhode Island community. In fiscal year 2025, the most notable operating activities of EPBH that BHF supported included: (1) $349,063 to be used to support the EPBH Playground Fund, including $196,422 which was devoted to the Portsmouth School playground project; (2) $98,021 to support the EPBH Hill House Residential Home project; (3) $54,196 supporting the Pediatric Anxiety Research Center's Dialectical Behavior Therapy with Exposure (PARC DBT-X) Program ; (4) $51,112 in support of the Bradley Center Recreational Space; and (5) $50,182 in support of the Inpatient Program at EPBH.

    Expenses $936,059 · Grants $936,059

  • During fiscal year 2025, BHF transferred $700,000 towards the replacement and repairs of the Laufer Building roof.

    Expenses $700,000 · Grants $700,000

  • During fiscal year 2025, BHF transferred $695,149 in funds raised to EPBH to support the needs of its various Inpatient & Outpatient Programs. $439,081 was provided to the Inpatient Program through general support and capital projects while $256,068 was provided to the Outpatient Clinic to support the needs of its various outpatient programs through Access Expansion and Workforce Support.

    Expenses $695,149 · Grants $695,149

  • During fiscal year 2025, BHF transferred $500,000 to transform both the exterior and the interior of the Access Center to improve the experience for patients and families as well as the functionality for staff. For the children and families, the environment of the Access Center has a strong impact on their experience. The Access Center provides urgent psychiatric evaluation and stabilization to children and adolescents in need.

    Expenses $500,000 · Grants $500,000

As filed on the 2024 return.

Listed in Part VII

  • Peter K Markell

    EVP & CFO

    Total calculated
    $1,505,315
    From this org
    $0
    From related orgs
    $1,464,555
    Other
    $40,760
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,221,588 related
    Bonus
    $0
    Other
    $0 + $242,967 related
    Deferred
    $0 + $18,975 related
    Nontaxable benefits
    $0 + $21,785 related
    Filer's total
    $0 + $1,505,315 related

  • Henry Sachs MD

    President-Treasurer

    Total calculated
    $612,588
    From this org
    $0
    From related orgs
    $563,221
    Other
    $49,367
    Hours/week
    2.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $483,379 related
    Bonus
    $0
    Other
    $0 + $79,842 related
    Deferred
    $0 + $20,651 related
    Nontaxable benefits
    $0 + $28,719 related
    Filer's total
    $0 + $612,591 related

  • Thomas Anders MD

    Trustee

    Total calculated
    $0
    Hours/week
    0.1 + 0.05 related

  • Richard R Beretta

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Brito

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • David A Brown

    Trustee

    Total calculated
    $0
    Hours/week
    0.25

  • Christine Carr thru 12-24

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Cheryl Cohen

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Lynne Barry Dolan

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph L Dowling Jr MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gregory K Fritz MD

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Rick Granoff

    Trustee

    Total calculated
    $0
    Hours/week
    10

  • Jeffrey Hirsh

    Chairperson

    Total calculated
    $0
    Hours/week
    6

  • Diane M Hunter

    Trustee

    Total calculated
    $0
    Hours/week
    12

  • Mehdi Khosrovani

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Kinder

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kelly Lambrese

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Anthony Landi jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michelle Levy

    Trustee

    Total calculated
    $0
    Hours/week
    10

  • Stephen O Meredith

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Stacie T Norris

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Tricia S O'Neil

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Steven Pare

    Trustee

    Total calculated
    $0
    Hours/week
    10

  • Marc Perlman

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Carol Peterson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jospeh S Ruggiero thru 12-24

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Lawrence Sadwin

    Trustee

    Total calculated
    $0
    Hours/week
    5 + 8 related

  • William E Tracey

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Brenda Turcheta

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Daniel J Wall

    Trustee

    Total calculated
    $0
    Hours/week
    2

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)

Schedule J, Part I, Line 4
Line 4b: In 2024, the following individuals became vested in and were paid a non-qualified supplemental employee retirement plan (SERP) amount and such amounts are included in Medicare wages, more specifically on Schedule J, Part II, Column B(iii): Peter K. Markell - $158,521. Henry T. Sachs III, M.D. - $59,524. The portion of the above payments that was reported as deferred compensation in prior years is reflected on Schedule J, Part II, Column F. Participants included in Brown Health's SERP are awarded plan contributions on a quarterly basis. Contributions and interest earned during a plan year vest after three years and are paid to plan participants at that time. SERP payments earned during the calendar year which have not yet vested are disclosed on Schedule J, Part II, Column C. Vested SERP payments received during the year are disclosed on Schedule J, Part II, Column B(iii) (as well as Column F if reported on Schedule J, Part II, Column C of a previously filed Form 990). Plan contributions awarded to participants who have reached age 62 become vested as of the beginning of the following calendar year.

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Brown University Health Alliance LLC

    Accountable Care Organization · RI · share of income $0 · share of assets $0

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Brown University Health MSO

    C · Management Services · RI

    Directly controlled by Brown University Health

  • Brown University Health Risk Services

    C · Risk Services · RI

    Directly controlled by Brown University Health

  • Brown University Health Home Medical

    C · DME Sales · RI

    Directly controlled by Brown University Health

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.0
Source object
202602309349301100

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