Skip to content
Nonprofiteer
← RHODE ISLAND HOSPITAL FOUNDATION

Form 990 for tax year 2023

Filed by RHODE ISLAND HOSPITAL FOUNDATION.

Totals

Total revenue
$18,204,795
Total expenses
$16,745,619
Contributions and grants received
$12,889,125
Grants paid
$13,468,530
Program service revenue
$0
Investment income
$5,599,201
Other revenue
-$283,531
Total assets, end of year
$76,098,578
Total liabilities, end of year
$168,676
Net assets or fund balances, end of year
$75,929,902
Program services expenses (Part IX)
$13,468,530
Management and general expenses
$137,660
Fundraising expenses
$3,139,429
Program service expenses (Part III)
$13,468,530

Program services were 80.4% 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

    $1,194,505

  • 1d · Related organizations

    $5,000

  • 1e · Government grants (contributions)

    $134,000

  • 1f · All other contributions, gifts and grants

    $11,555,620

  • 1g · Noncash contributions included above

    $281,126

  • 3 · Investment income

    total $1,545,034 · excluded $1,545,034

  • 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 $27,057,771

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

    securities $23,003,604

  • 7c · Gain or loss

    securities $4,054,167

  • 7d · Net gain or loss

    total $4,054,167 · excluded $4,054,167

  • 8a · Fundraising events: gross income

    $406,141

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

    $1,194,505

  • 8b · Fundraising events: direct expenses

    $689,672

  • 8c · Net income from fundraising events

    total -$283,531 · excluded -$436,208

  • 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 $13,468,530 · program services $13,468,530

  • 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 $147,328 · fundraising $147,328

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 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: Purch. Svcs. from Brown Health

    total $2,900,574 · fundraising $2,900,574

  • 24b · Other expenses: Uncollectible pledge expense

    total $100,545 · management and general $100,545

  • 24c · Other expenses: Gifts-in-kind

    total $91,527 · fundraising $91,527

  • 24d · Other expenses: Other expenses

    total $37,115 · management and general $37,115

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $182,560 · end of year $76,646

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $14,807,260 · end of year $13,310,028

  • 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

    beginning of year $209,893 · end of year $218,236

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $36,302,266 · end of year $37,010,549

  • 12 · Investments: other securities

    beginning of year $19,147,030 · end of year $25,426,231

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $11,779 · end of year $56,888

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,911 · end of year $139,886

  • 25 · Other liabilities

    beginning of year $55,137 · end of year $28,790

  • 27 · Net assets without donor restrictions

    beginning of year $2,057,913 · end of year $1,640,122

  • 28 · Net assets with donor restrictions

    beginning of year $68,424,827 · end of year $74,289,780

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.

  • During fiscal year 2024, RIHF made transfers of $2,018,859 to provide the resources to support the design and construction costs of refurbishing and updating the RIH Lobby. Other significant philanthropic transfers to RIH were as follows: (1) $808,298 to RIH's Next Generation of Cancer Research Scholars Program supporting BIPOC education and treatment; (2) $790,193 to provide resources to support critical components necessary to create an environment to treat and unravel mysteries of the brain and nervous system; (3) $706,601 to support renovations and expansion of cancer research lab space and classrooms on Coro's third floor; and(4) $700,000 to support renovations and improvements in the MRI Department.

    Expenses $8,080,538 · Grants $8,080,538

  • Through the development and administration of its philanthropic activities, Rhode Island Hospital Foundation (RIHF) is able to transfer funds raised to Rhode Island Hospital (RIH) to support its mission and purposes, which in turn benefits the Rhode Island community. Most notably, RIHF provides philanthropic support to various programs at Hasbro Children's Hospital (HCH), the pediatric division of RIH. In fiscal year 2024, the Foundation transferred the following to various HCH programs and capital projects: $899,660 in support of the Child Life Program, which offers pediatric patients and their families opportunities for recreation, creativity, and diversion to provide a sense of normalcy during their hospital stay. (Continued in Schedule O)

    Expenses $4,901,254 · Grants $4,901,254

  • RIHF remitted $483,738 of endowment earnings to The Warren Alpert Medical School of Brown University in fiscal year 2024 in support of shared chairs in cardiothoracic surgery, orthopedics, urology, emergency medicine, and oncology.

    Expenses $483,738 · Grants $483,738

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

  • G Dean Roye MD

    Pres.- 6/24

    Total calculated
    $998,340
    From this org
    $0
    From related orgs
    $850,449
    Other
    $147,891
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    not reported + $590,477 related
    Bonus
    not reported + $155,455 related
    Other
    not reported + $104,517 related
    Deferred
    not reported + $114,934 related
    Nontaxable benefits
    not reported + $32,957 related
    Filer's total
    not reported + $998,340 related

  • Phyllis A Dennery MD

    Trustee

    Total calculated
    $797,371
    From this org
    $0
    From related orgs
    $750,209
    Other
    $47,162
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $665,587 related
    Bonus
    not reported + $70,411 related
    Other
    not reported + $14,211 related
    Deferred
    not reported + $19,800 related
    Nontaxable benefits
    not reported + $27,362 related
    Filer's total
    not reported + $797,371 related

  • Sheryl Amaral

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Roger N Begin

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 12 related

  • Paul Busby

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • Anthony Calandrelli

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • James L Carr Jr

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Denise Chakoian

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Wayne Charness

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ellen Collis

    Treas- 12/23

    Total calculated
    $0
    Hours/week
    0

  • Michael D'Ambra

    Trustee

    Total calculated
    $0
    Hours/week
    0.15

  • Sandy Delli-Carpini

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Bradford S Dimeo

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Edwin G Fischer MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sarah Frost

    President

    Total calculated
    $0
    Hours/week
    0.1 + 40 related

  • Ralph V Fleming Jr

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Kristen Haffenreffer-Moran

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Huber

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.25

  • Jerry Hyman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mahesh V Jayaraman MD

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Dolph Johnson

    Trustee

    Total calculated
    $0
    Hours/week
    0.25

  • Keith D Kelly

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Scott B Laurans

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Thomas A Lawson

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Francois I Luks MD PhD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Manning

    Treasurer

    Total calculated
    $0
    Hours/week
    0.25

  • Donna M Paolino Coia

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Holly Paras

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Elizabeth J Perik

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James A Procaccianti

    Trustee

    Total calculated
    $0
    Hours/week
    10

  • Nicholas J Rodriques

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Douglas Scala

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Anthony Thomas

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Melisa Verrechia

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Victor Vetters

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert K Vincent

    Chairperson

    Total calculated
    $0
    Hours/week
    5

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 committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 7: Non-Fixed payments not listed above
Certain physicians and executives participate in incentive compensation plans arranged through individual contractual agreements which stipulate non-fixed payments based on meeting criteria comprised of various quality and productivity markers.

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 Univ 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 Health Risk Svcs 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
202512269349302126

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.