Form 990 for tax year 2023
Filed by LONGWOOD RESEARCH INSTITUTE INC.
Totals
- Total revenue
- $1,290,000
- Total expenses
- $440,556
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,290,000
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $82,512,864
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $82,512,864
- Program services expenses (Part IX)
- $404,025
- Management and general expenses
- $36,531
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $404,025
Program services were 91.7% 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.
-
2a · Program service revenue: Parking Income
total $1,290,000 · related or exempt $1,290,000
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $31,601 · management and general $31,601
-
11g · Fees: other
total $3,950 · management and general $3,950
-
13 · Office expenses
total $980 · management and general $980
-
16 · Occupancy
total $404,025 · program services $404,025
Balance sheet
Part X, book values.
-
10a · Land, buildings and equipment: cost or other basis
$73,779,362
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $73,083,351 · end of year $73,779,362
-
15 · Other assets
beginning of year $8,580,069 · end of year $8,733,502
-
27 · Net assets without donor restrictions
beginning of year $81,663,420 · end of year $82,512,864
Mission and programs · 2023
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.
-
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 $404,025 · Revenue $1,290,000
As filed on the 2023 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
- $3,197,892
- From this org
- $0
- From related orgs
- $3,062,633
- Other
- $135,259
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $1,575,560 related
- Bonus
- $0 + $927,675 related
- Other
- $0 + $559,398 related
- Deferred
- $0 + $29,700 related
- Nontaxable benefits
- $0 + $105,559 related
- Filer's total
- $0 + $3,197,892 related
-
Douglas Vanderslice
Treasurer & Trustee
- Total calculated
- $1,684,195
- From this org
- $0
- From related orgs
- $1,604,073
- Other
- $80,122
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $902,247 related
- Bonus
- $0 + $353,818 related
- Other
- $0 + $348,008 related
- Deferred
- $0 + $29,700 related
- Nontaxable benefits
- $0 + $50,422 related
- Filer's total
- $0 + $1,684,195 related
-
Michele Garvin Esq
Clerk & Trustee (END 10/16/23)
- Total calculated
- $1,254,786
- From this org
- $0
- From related orgs
- $1,201,614
- Other
- $53,172
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $768,780 related
- Bonus
- $0 + $270,589 related
- Other
- $0 + $162,245 related
- Deferred
- $0 + $29,700 related
- Nontaxable benefits
- $0 + $23,472 related
- Filer's total
- $0 + $1,254,786 related
-
Douglas Berthiaume
Chairman
- Total calculated
- $0
- Hours/week
- 1 + 10 related
-
Christopher Viney JD
Clerk & Trustee (BEGIN 10/16/23)
- Total calculated
- $195,238
- From this org
- $0
- From related orgs
- $174,862
- Other
- $20,376
- Hours/week
- 1 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $114,425 related
- Bonus
- $0 + $60,000 related
- Other
- $0 + $437 related
- Deferred
- $0 + $18,616 related
- Nontaxable benefits
- $0 + $1,760 related
- Filer's total
- $0 + $195,238 related
-
Sandra Fenwick
Former President & Trustee
- Total calculated
- $939,289
- From this org
- $0
- From related orgs
- $939,289
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0 + $939,289 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $939,289 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 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 2023, Children's Hospital Corporation made contributions to the supplemental non-qualified reitrement plan for the individuals below: Kevin Churchwell, MD received a contribution of $482,116 Douglas Vanderslice received a contribution of $246,666 Michele Garvin, Esq. received a contribution of $123,124 During calendar year 2023, the following individual received supplemental executive retirement plan distributions from Children's Hospital Corporation: Sandra Fenwick received a distribution of $939,289
- 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
-
Boston Children's Network Specialty Physicians Inc
501(c)(3) · Healthcare · MA
Directly controlled by Children's Hospital Corporation
-
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.
-
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 $1,290,000 · assets $6,965,992
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
- 2023
- Filed
- 12 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202512259349302476
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