2025-08-14T10:56:50-07:00 2024-09-30 990 2023-10-01 222535533 Newport Hospital Foundation NEWP 4018466400 11 Friendship Street Newport RI 02840 Peter K Markell EVP & CFO 2025-08-14 true 2023 2025-03-06 01:10:19Z Nicholas P Dominick Jr 66523960 false X www.brownhealth.org X 1983 RI Newport Hospital Foundation (NHF) coordinates fundraising in support of comprehensive integrated health care services for the advancement and well-being of the southern Rhode Island community, in furtherance of the purposes of Newport Hospital(NH). 19 18 0 125 0 4150084 5541054 0 3905125 11628512 85928 76997 8141137 17246563 7143950 6631221 0 0 0 1181732 1505438 1565598 8649388 8196819 -508251 9049744 116918552 133079352 1062554 159792 115855998 132919560 NHF supports, encourages and coordinates the development of comprehensive, integrated health care-related services for the advancement and well-being of the community, in furtherance of the purposes of Newport Hospital (see Schedule O) false false 6275000 6275000 During fiscal year 2024, NHF transferred $6,275,000 from its unrestricted net assets to NHCC Medical Associates, Inc. in support of its operating activities. 356221 356221 During fiscal year 2024, NHF transferred $256,221 in restricted funds to NH for special purpose funds, and $100,000 for the down payment on a house located on Powell Street in Newport, RI. 6631221 true true false false false false false false false true true true false false true true false true false false false false false false true false false true false true false false false false false false false false false false false false false true false false false true 3 0 true 0 false false false false false true true false 0 false false false false false false false X 19 18 false false false false true true true true true false false true true true true true true false false false RI X Peter K Markell 4014447914 167 Point Street Providence RI 02903 X Peter K Markell EVP & CFO 0.10 49.90 X 0 1193642 18928 Crista F Durand President- 9/24 10.00 55.00 X X 0 591433 118424 Jeffrey T Gaines MD Trustee 2.00 41.00 X 0 442719 85746 Orla M Brandos DNPMBAMSN Trustee- 9/24 1.00 60.00 X 0 332004 62636 Arthur J Sampson Trustee 2.00 6.00 X 0 87962 0 Gail Alofsin Trustee 1.00 0.00 X 0 0 0 M Therese Antone Sr Trustee- 12/23 0.00 0.00 X 0 0 0 Holly Bannister MD Trustee- 12/23 0.00 0.00 X 0 0 0 Carol R Bazarsky Chairperson 2.00 0.00 X X 0 0 0 John Brooks Trustee 0.50 0.00 X 0 0 0 Peter Capodilupo Trustee-12/23 1.00 4.00 X 0 0 0 Edward D Feldstein Trustee 0.20 2.90 X 0 0 0 Rita B Gewirz Trustee 0.50 0.00 X 0 0 0 Susan Hill Trustee 0.00 0.00 X 0 0 0 Anne F Hamilton Trustee 1.00 0.00 X 0 0 0 Victoria Johnson Secretary 1.00 0.00 X X 0 0 0 Patricia N Kidder Trustee 1.00 0.00 X 0 0 0 Elizabeth W Leatherman Trustee 0.25 0.00 X 0 0 0 Paul A Leys Trustee 1.00 0.00 X 0 0 0 Thomas E McGue MD Trustee 1.00 0.00 X 0 0 0 Ann Mencoff Trustee 1.00 0.00 X 0 0 0 Jonathan H Pardee Trustee 3.00 0.00 X 0 0 0 James A Purviance Trustee- 12/23 0.00 0.00 X 0 0 0 Isabella G Ridall Trustee 2.00 0.00 X 0 0 0 Sarah Schochet-Henken Trustee 0.50 0.00 X 0 0 0 Nancy D Schreiber MD Trustee 0.00 0.00 X 0 0 0 Barbara van Beuren Vice Chair 0.50 0.00 X X 0 0 0 Sharon Wood Prince Trustee 0.00 0.00 X 0 0 0 2647760 285734 0 false true false 0 253460 5287594 23138 5541054 0 3458256 3458256 0 0 0 57343252 49172996 8170256 8170256 8170256 181398 253460 104401 76997 76997 0 0 0 17246563 11705509 6631221 6631221 0 0 0 0 0 0 0 0 0 0 0 0 0 0 378836 378836 0 0 0 0 0 0 0 0 0 0 0 0 0 Svcs purcr fom Brown Health 1157794 1157794 Gifts-in-kind 23938 23938 Administrative expenses 5030 5030 0 8196819 6631221 383866 1181732 0 1588217 3152286 1560520 4471798 0 0 0 0 0 0 31764 31764 0 50373079 74594360 38895035 49770590 0 0 24501701 1090318 116918552 133079352 36248 29472 1026306 130320 1062554 159792 X 114202338 126473122 1653660 6446438 115855998 132919560 116918552 133079352 9049744 8013818 X false true X true false X 2831329 2081788 3098918 4150084 5541854 17703973 0 0 2831329 2081788 3098918 4150084 5541854 17703973 2718933 14985040 1316165 2420326 2879045 2560215 3458256 12634007 0 109000 178560 206625 301800 180598 976583 31314563 0.47850 0.50770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 112763920 1948179 16184073 6275000 256222 124364950 107675376 4846109 7386385 4600000 2543950 112763920 129514666 2365461 -15999181 5663341 2542229 107675376 111037641 2705697 24638421 7601900 1265193 129514666 114086595 4025200 8921347 14411174 1584327 111037641 1.00000 false true true 31764 31764 49770590 Intercompany Liabilities 130320 130320 X Part V, Line 4: Intended uses of the endowment fund. NHF's endowment funds are funds designated by NHF to function as endowments. These funds are intended to support comprehensive integrated health services for the advancement and well-being of the southern Rhode Island community, in furtherance of the purposes of Newport Hospital. The largest board-designated endowment held by NHF is used to support the facilities and operations of Newport Hospital. NHF's unrestricted endowment also supports the operating activities of NHCC Medical Associates, Inc., as needed, and also defrays NHF's fundraising expenses primarily incurred for services purchased from Brown Health. Part X : FIN48 Footnote NHF is a not-for-profit corporation as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and is exempt from Federal income taxes pursuant to Section 501(a) of the Code.NHF recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Recognized income tax positions are measured at the largest amount of benefit that is greater than fifty percent likely to be realized upon settlement. Changes in measurement are reflected in the period in which the change in judgment occurs. NHF did not recognize the effect of any income tax positions in either 2024 or 2023. false Gala 434858 253460 181398 6533 21129 76739 434858 253460 181398 6533 21129 76739 104401 76997 true Newport Hospital 11 Friendship Street Newport RI 02840 050258914 501(c)(3) 356221 0 Operational/Capital Support NHCC Medical Associates Inc 11 Friendship Street Newport RI 02840 050472268 501(c)(3) 6275000 0 Operational support 2 0 Grantmaker's Description of How Grants are Used NHF is committed to community programs and provides support to various charitable organizations in Rhode Island and southeastern Massachusetts. Donations are made to organizations recognized by the IRS as being described in IRC Section 501(c)(3). All contributions are approved by management and are made to organizations whose missions and goals align with those of NHF.NHF also engages in philanthropic activities to support the mission and purposes of NHCC Medical Associates, Inc. (NHCCMA) and Newport Hospital, related 501(c)(3) organizations. During the fiscal year ended September 30, 2024, NHF made unrestricted net asset transfers to NHCCMA of $6,275,000 to support its operating activities. $356,221 in funds raised was provided to Newport Hospital (NH) in the form of restricted net asset transfers supporting certain building and equipment additions, specified clinical programs, or general operations of NH. The use of transferred funds is monitored by NH's management group to ensure that the funds are utilized for their intended purposes, as approved by the authorized signatories for each fund. false true false false false false false false false Crista F Durand President- 9/24 427588 72605 91240 88561 29863 709857 67564 Jeffrey T Gaines MD Trustee 343816 46730 52173 55913 29833 528465 39343 Orla M Brandos DNPMBAMSN Trustee- 9/24 256753 34862 40389 41708 20928 394640 29275 Peter K Markell EVP & CFO 883350 186333 123959 18928 1212570 Form 990, Part VI, Section A, Line 6 Brown University Health is the sole member of NHF. Form 990, Part VI, Section A, Line 7a The bylaws of NHF confer certain reserved powers upon Brown Health to provide it with the means of effective oversight, coordination, and support of the system. Powers reserved to Brown Health include: to elect and remove trustees and to approve the election/removal of certain officers. At each annual meeting of RIHF's Board of Trustees, a list is compiled of the names of those persons selected to serve as Trustees of RIHF so that it can be approved and submitted to Brown Health for ratification and election. Form 990, Part VI, Section A, Line 7b Brown Health has the responsibility for planning, directing, and establishing policies intended to assure the development and delivery of quality health services on an integrated, cost-effective basis. Powers reserved to Brown Health, in addition to those noted above, include: to approve amendments of the Articles of Incorporation and Bylaws and other charter documents; to approve strategic plans; to approve investment policies and any capital or operating budgets or material non-budgeted expenditures; and to authorize incurrence or guaranty of material indebtedness. Form 990, Part VI, Section B, Line 11b The preparation and filing of the Form 990 and supporting schedules is the responsibility of the Executive Vice President & Chief Financial Officer (EVP/CFO) and Brown Health's Finance Department. The Form 990 is prepared by the accounting staff upon completion of Brown Health's annual independent audit and is reviewed by the Corporate Services Tax Compliance Manager and the Director of Finance - Corporate Services. The draft Form 990 is then provided to the EVP/CFO for final management review. Prior to filing the return with the Internal Revenue Service, a copy of the entire form is sent to NHF's Board of Trustees in advance of its next Board meeting, at which the EVP/CFO discusses the highlights of the Form. All questions and concerns of the members of the Board are addressed by the EVP/CFO and incorporated into the Form 990 when appropriate. Once the Form 990 is complete and ready to be filed, the members of the Board are notified via email that a copy of the final version of the Form 990 is accessible through the same password-protected website portal. The EVP/CFO is authorized to file the Form 990. Form 990, Part VI, Section C, Line 19 Brown University Health currently makes its annual and quarterly consolidated financial statements available to the public via DAC (Digital Assurance Certification, LLC), a disclosure dissemination agent for issuers of tax-exempt bonds which electronically posts and transmits Brown Health's financial information to repositories and investors alike. NHF's financial statements are included in the audited consolidated financial statements of Brown University Health and Affiliates. In addition, copies of NHF's Articles of Incorporation, Bylaws, and Conflict of Interest Policy are available upon request from the office of the Brown Health EVP/CFO, either in person or by mail. Form 990, Part III, Line 1, Organization's Mission: Newport Hospital Foundation (NHF) supports, encourages and coordinates the development of comprehensive integrated health care-related services for the advancement and well-being of the community, through fundraising and fund management in furtherance of the purposes of Newport Hospital and through all other relevant means, and to promote the charitable, scientific and educational purposes of Brown University Health and each other entity that may be directly or indirectly affiliated with Brown University Health. Form 990, Part VI, Section B, Line 12c: Brown Health has a Conflict of Interest Policy that is applicable to all affiliates, including NHF, and administered by Brown Health's Compliance Department as follows: Each designated person subject to Brown Health's conflict of interest policy is required to provide Brown Health with an initial disclosure statement and thereafter an annual statement attesting that: (i) the designated person has read and is familiar with this policy, and (ii) the designated person and, to the best of his/her knowledge, family members, have not in the past engaged in, are not presently engaging in, or plan to engage in, any activity which contravenes this policy.If, at any time during the course of employment or association, a designated person has reason to believe that an existing or contemplated activity may contravene this policy, the person shall submit a full written description of the activity to the Brown Health Compliance Officer or the Office of the General Counsel to seek a determination as to whether the contemplated activity does or does not contravene this policy. If the activity in question involves either the Chief Executive Officer, the Senior Vice President and General Counsel, or a Trustee, a full written disclosure must be made to, and a determination sought from, the Chairman of the Board of Directors of Brown Health.Annually, the Brown Health Compliance Officer shall review and report to the Brown Health Executive Corporate Compliance Committee and to the Brown Health Audit and Compliance Committee on the administration of this policy.Failure on the part of any designated person to comply with this policy, including failure to submit in a timely fashion the conflict of interest disclosure statement, will be grounds for removal from his/her position and/or termination of his/her employment with Brown Health. Form 990, Part VI, Section B, Line 15a&b: The following applies to Brown Health and all of its affiliates, including NHF:EXECUTIVE COMPENSATIONBrown Health's executive compensation philosophy balances appropriate stewardship of resources and the need to be competitive in recruiting and retaining talented individuals. It incorporates market-competitive and performance-related principles, and covers the President and CEO of Brown Health as well as other officers, senior management, and key employees. Brown Health's executive compensation program complies both with law and with contemporary ethical norms, and is administered consistent with the organization's tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (IRC) and the avoidance of transactions subject to intermediate sanctions under Section 4958 of the IRC. Executive compensation is also administered consistent with Brown Health's Corporate Compliance Policy on Excess Benefit Transactions.The Compensation Committee of the Brown Health Board of Directors (the Committee), comprised of disinterested Brown Health Board members, is responsible for diligent oversight of executive compensation to ensure compliance with IRC requirements. Its duties include:* Approving eligibility for participation in the executive compensation program * Approving changes in compensation for existing executive participants * Approving guidelines, such as salary ranges and contract terms, on appropriate levels of compensation for other key employees* Approving new, and modifying or terminating existing, executive compensation plans including, but not limited to, annual incentive and executive benefit plans* Approving performance objectives associated with Brown Health's annual incentive plan, including measuring points, and using verified actual performance relative to these objectives as a precondition to approving the payment of any awards under the plan* Authorizing periodic performance benchmark studies to be conducted for purposes of assessing Brown Health's performance within the healthcare industry and the degree to which total remuneration levels at Brown Health are generally commensurate with Brown Health performance relative to healthcare industry performance* Conducting an annual performance review of Brown Health's Chief Executive Officer. The Chair of the Committee conducts and documents this review, based on his/her observations and interpretation of feedback from members of the Board of Directors.* Selecting and engaging qualified, independent, third-party compensation valuation consultants that the Committee charges with rendering opinions with respect to the reasonableness and comparability of compensation as well as the comparative organizations against which compensation is assessed, in accordance with relevant sections of the IRC and Brown Health's executive compensation philosophy. Brown Health's Chief Executive Officer works closely with the Committee to make recommendations on the above topics and keep the Committee informed about contemplated compensation changes for executives and other key employees, as well as candidates for these roles. The CEO also provides periodic updates to the Committee regarding Brown Health's performance relative to compensation-related performance objectives. The Committee's deliberations and actions are documented in minutes prepared for each meeting.PROCESS FOR DETERMINING COMPENSATION Valuation of Total Cash and Total Remuneration: No less frequently than annually, the Committee receives and reviews a total cash compensation valuation of all existing executive compensation program participants prepared by its independent compensation consultant. Annually, the Committee also receives and reviews a total remuneration valuation of all existing executive compensation participants. Base Salary Actions: The CEO recommends any salary adjustments for participants in the executive compensation program, using the results of the valuation study and his/her assessment of individual performance or other pertinent information, for the Committee's consideration.New Participants in Executive Compensation Program: With respect to compensation offers for individuals expected to participate in the executive compensation program, certain members of the Brown Health CEO's leadership team work with the Committee's independent compensation consultant or rely on information previously provided by the consultant to establish a range of reasonable cash compensation within which recruitment is expected to conclude through acceptance of a reasonable compensation offer. Form 990, Part XII - Line 2: While NHF did not produce an audited financial statement as of and for the fiscal year ended September 30, 2024, it was included in Brown Health's audited consolidated financial statements, in which one column is used for NHF individually. There are no regulatory or creditor stipulations which require the preparation of a separate audited financial statement for NHF.The Brown Health Audit and Compliance Committee assumes responsibility for oversight of the audit of Brown Health's consolidated financial statements and the selection of Brown Health's independent accountant. ALC dba HSR 1 Virginia Avenue Suite 200 Providence RI 02905 050442015 Housing for Elderly and Mentally Ill RI 501(c)(3) 10 Gateway Healthcare Inc false Bayberry Courts Inc 1 Virginia Avenue Suite 200 Providence RI 02905 204590384 Housing for Elderly and Mentally Ill RI 501(c)(3) 10 Gateway Healthcare Inc false Bradley Hospital Foundation 167 Point Street Providence RI 02903 050500688 Philanthropic Activities RI 501(c)(3) 7 Brown University Health false Capital City Community Centers Inc 1 Virginia Avenue Suite 200 Providence RI 02905 050259090 Daycare Services RI 501(c)(3) 7 Gateway Healthcare Inc false Emma Pendleton Bradley Hospital 1011 Veterans Memorial Parkway East Providence RI 02915 050258806 Pediatric Psych. 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