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← BRADLEY HOSPITAL FOUNDATION

Form 990 for tax year 2023

Filed by BRADLEY HOSPITAL FOUNDATION.

Totals

Total revenue
$3,369,425
Total expenses
$2,640,310
Contributions and grants received
$3,318,034
Grants paid
$2,209,687
Program service revenue
$0
Investment income
$168,498
Other revenue
-$117,107
Total assets, end of year
$2,339,983
Total liabilities, end of year
$11,932
Net assets or fund balances, end of year
$2,328,051
Program services expenses (Part IX)
$2,209,687
Management and general expenses
$24,585
Fundraising expenses
$406,038
Program service expenses (Part III)
$2,209,687

Program services were 83.7% 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.

  • 1c · Fundraising events

    $991,811

  • 1f · All other contributions, gifts and grants

    $2,326,223

  • 1g · Noncash contributions included above

    $78,714

  • 3 · Investment income

    total $46,705 · excluded $46,705

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $726,595

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

    securities $604,802

  • 7c · Gain or loss

    securities $121,793

  • 7d · Net gain or loss

    total $121,793 · excluded $121,793

  • 8a · Fundraising events: gross income

    $194,044

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

    $991,811

  • 8b · Fundraising events: direct expenses

    $311,151

  • 8c · Net income from fundraising events

    total -$117,107 · excluded -$117,107

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,209,687 · program services $2,209,687

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $61,653 · fundraising $61,653

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Svcs purch. from Brown Health

    total $343,594 · fundraising $343,594

  • 24b · Other expenses: Bank Charges

    total $11,712 · management and general $11,712

  • 24c · Other expenses: Other expenses

    total $8,167 · management and general $8,167

  • 24d · Other expenses: Uncollectible Pledge Expense

    total $4,706 · management and general $4,706

  • 24e · All other expenses

    total $791 · fundraising $791

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,615 · end of year $35,761

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $51,577 · end of year $533,608

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $9,960

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $890,607 · end of year $1,004,560

  • 12 · Investments: other securities

    beginning of year $466,121 · end of year $672,165

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $79,354 · end of year $83,929

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,826 · end of year $796

  • 25 · Other liabilities

    beginning of year $2,122 · end of year $11,136

  • 27 · Net assets without donor restrictions

    beginning of year $1,376,867 · end of year $1,724,134

  • 28 · Net assets with donor restrictions

    beginning of year $108,459 · end of year $603,917

Mission and programs · 2023

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.

Activities or mission (Part I)

To engage in philanthropic activities to support the mission and purposes of Emma Pendleton Bradley Hospital (EPBH), which are delivering health with care.

  • 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 2024, the most notable operating activities of EPBH that BHF supported included: (1) $158,937 to The Bradley Center, an acute residential treatment program for teens dealing with a wide range of emotional and behavioral concerns; (2) $150,000 to be used to support the Pediatric Anxiety Research Center. Please see Schedule O of Form 990 for further detail related to EPBH programs which BHF supported during the fiscal year.

    Expenses $944,386 · Grants $944,386

  • During fiscal year 2024, BHF transferred $502,184 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 $502,184 · Grants $502,184

  • During fiscal year 2024, BHF transferred $484,825 to benefit the four CADD residential programs operated by Bradley Hospital which support patients with a therapeutic home experience while also helping them prepare for their future. The Center for Autism and Developmental Disabilities at Bradley Hospital offers unique and highly specialized clinical services for children and adolescents who show signs of serious emotional and behavioral problems in addition to a developmental disability, such as autism or intellectual disability.

    Expenses $484,825 · Grants $484,825

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peter K Markell

    EVP & CFO

    Total calculated
    $1,212,570
    From this org
    $0
    From related orgs
    $1,193,642
    Other
    $18,928
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    not reported + $883,350 related
    Bonus
    not reported + $186,333 related
    Other
    not reported + $123,959 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $18,928 related
    Filer's total
    not reported + $1,212,570 related

  • Henry T Sachs III MD

    Pres./Treasurer

    Total calculated
    $797,201
    From this org
    $0
    From related orgs
    $767,743
    Other
    $29,458
    Hours/week
    2.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $395,625 related
    Bonus
    not reported + $92,252 related
    Other
    not reported + $279,866 related
    Deferred
    not reported
    Nontaxable benefits
    not reported + $29,458 related
    Filer's total
    not reported + $797,201 related

  • Thomas F Anders MD

    Trustee

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Richard R Beretta Esq

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth G Brito

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • David A Brown

    Trustee

    Total calculated
    $0
    Hours/week
    0.25

  • Christine H Carr

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Cheryl Cohen

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • 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
    2.5

  • Jeffrey Hirsh

    Trustee

    Total calculated
    $0
    Hours/week
    2.5

  • Diane M Hunter

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Mehdi Khosrovani

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Kinder

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Kelly Lambrese

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Anthony J Landi Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michelle Levy

    Trustee

    Total calculated
    $0
    Hours/week
    2.5

  • Stephen O Meredith

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Stacie T Norris

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Tricia S O'Neil

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steven Pare

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Marc Perlman

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Carol A Peterson

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Joseph S Ruggiero Sr

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Lawrence B Sadwin

    Chair

    Total calculated
    $0
    Hours/week
    6 + 12 related

  • William E Tracey

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Brenda Turcheta

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • 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

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

    Account. Care Org. · RI

Related corporations and trusts

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

  • Brown University Health MSO Inc

    C corp · Mgmnt Svcs · RI

    Directly controlled by Brown U Health

  • Brown University Hea Risk Services Inc

    C corp · Risk Mgmnt · RI

    Directly controlled by Brown U Health

  • VNA Technicare Inc

    C corp · DME Sales · RI

    Directly controlled by The Miriam Hospital

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202542269349301834

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