2026-08-17T16:08:36-07:00 2025-09-30 990 2024-10-01 050500688 BRADLEY HOSPITAL FOUNDATION BRAD 4014446500 15 LaSalle Square Providence RI 02903 Kevin Bickerstaff Director of Finance 4014447035 2026-08-14 1 2024 2025-03-06 01:10:19Z X Peter K Markell 15 LaSalle Square Providence RI 02903 4033400 0 X www.brownhealth.org X 1998 RI 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. 26 26 0 150 0 0 3318034 3208508 0 0 168498 179667 -117107 -75789 3369425 3312386 2209687 2831208 0 0 0 391832 430623 429611 2640310 3260819 729115 51567 2339983 2461972 11932 19607 2328051 2442365 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. 0 0 936059 936059 0 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. 700000 700000 0 During fiscal year 2025, BHF transferred $700,000 towards the replacement and repairs of the Laufer Building roof. 695149 695149 0 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. 500000 500000 0 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. 500000 500000 0 2831208 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 6 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 RI X Peter K Markell 4014447914 15 LaSalle Square Providence RI 02903 Peter K Markell EVP & CFO 0.1 49.9 X 0 1464555 40760 Henry Sachs MD President-Treasurer 2.5 37.5 X 0 563221 49367 Thomas Anders MD Trustee 0.1 0.05 X 0 0 0 Richard R Beretta Trustee 1 0 X 0 0 0 Elizabeth Brito Secretary 2 0 X X 0 0 0 David A Brown Trustee 0.25 0 X 0 0 0 Christine Carr thru 12-24 Trustee 0.5 0 X 0 0 0 Cheryl Cohen Trustee 5 0 X 0 0 0 Lynne Barry Dolan Trustee 0.5 0 X 0 0 0 Joseph L Dowling Jr MD Trustee 1 0 X 0 0 0 Gregory K Fritz MD Trustee 0.5 0 X 0 0 0 Rick Granoff Trustee 10 0 X 0 0 0 Jeffrey Hirsh Chairperson 6 0 X X 0 0 0 Diane M Hunter Trustee 12 0 X 0 0 0 Mehdi Khosrovani Trustee 1 0 X 0 0 0 Jennifer Kinder Trustee 2 0 X 0 0 0 Kelly Lambrese Trustee 1 0 X 0 0 0 Anthony Landi jr Trustee 1 0 X 0 0 0 Michelle Levy Trustee 10 0 X 0 0 0 Stephen O Meredith Trustee 0.1 0 X 0 0 0 Stacie T Norris Trustee 2 0 X 0 0 0 Tricia S O'Neil Vice Chair 1 0 X X 0 0 0 Steven Pare Trustee 10 0 X 0 0 0 Marc Perlman Trustee 2 0 X 0 0 0 Carol Peterson Trustee 2 0 X 0 0 0 Jospeh S Ruggiero thru 12-24 Trustee 0.1 0 X 0 0 0 Lawrence Sadwin Trustee 5 8 X 0 0 0 William E Tracey Trustee 0.1 0 X 0 0 0 Brenda Turcheta Trustee 1 0 X 0 0 0 Daniel J Wall Trustee 2 0 X 0 0 0 0 2027776 90127 0 0 1 0 0 0 0 968504 0 0 2240004 117046 3208508 0 58981 0 0 58981 0 0 0 0 0 0 0 0 0 0 598859 0 478173 0 120686 0 120686 0 0 120686 167052 968504 242841 -75789 0 -75789 0 3312386 0 0 103878 2831208 2831208 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28853 0 28853 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Purchased Services from Brown Health 360875 0 0 360875 Bank Charges 22938 0 22938 0 Other Expenses 14841 0 14841 0 Postage and Freight 2104 0 0 2104 0 0 0 0 3260819 2831208 37779 391832 35761 1305 0 0 533608 115936 9960 94 1004560 1428694 672165 825312 83929 90631 2339983 2461972 796 956 11136 18651 11932 19607 X 1724134 2259653 603917 182712 2328051 2442365 2339983 2461972 51567 62747 0 0 0 0 X X 0 1 X 1 0 X 2460399 2504920 1829648 3318659 3208508 13322134 2460399 2504920 1829648 3318659 3208508 13322134 2751586 10570548 21458 29070 32663 46705 58981 188877 154353 272040 139975 194044 167052 927464 14438475 0.73211 0.7402 X Schedule A, Part II, Line 10 Fundraising Income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1676725 3867624 242414 2831208 701549 0 2254006 1356728 2965903 282108 2209687 718327 0 1676725 1212279 2184591 130048 1505549 663641 0 1357728 1299961 2533617 -196635 1679795 742612 2257 1212279 863505 2655483 245581 2026353 436921 1334 1299961 0.9557 0 0.0443 0 1 1 0 0 Limited Partnerships 363821 F Interest in Brown Investment Pool 411567 F Marketable Alternatives 20269 F Cash and Cash Equivalents 29655 F 825312 0 Due to Affiliates 18651 18651 X Schedule D, Part V, Line 4 BHF's endowment funds have been established for a variety of purposes, including both donor-restricted funds and funds designated by BHF to function as endowments. The largest temporarily restricted funds held by BHF are to be used to support program or capital purposes at EPBH's "Bradley Center". Schedule D, Part X, Line 2 BHF 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. BHF 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. BHF did not recognize the effect of any income tax positions in either 2025 or 2024. Bravo Bradley Gala 1135556 968504 167052 0 0 32017 82795 42137 85892 0 0 1135556 968504 167052 0 0 32017 82795 42137 85892 242841 -75789 1 Emma Pendleton Bradley Hospital 1011 Veterans Memorial Parkway East Providence RI 02915 050258806 501(c)(3) 2831208 0 FMV Philanthropy 1 0 Schedule I, Part I, Line 2 BHF engages in philanthropic activities to support the mission and purposes of Emma Pendleton Bradley Hospital (EPBH), a related 501(c)(3) organization. During the fiscal year ended September 30, 2025, BHF made temporarily restricted net asset transfers to EPBH amounting to $2,831,208 to be spent by EPBH in support of certain building and equipment additions and specified clinical programs. A master database of EPBH's temporarily restricted funds is maintained as the primary source for identifying each fund's restriction, the availability of the current balance, and the authorized personnel for the respective fund. The database contains the fund's name, primary reporting department, most recent month end balance, fund purpose/restriction, and the management responsible for the fund. Expenditures (purchase requisitions, work order requisitions, check requests, and employee reimbursements) from EPBH's temporarily restricted funds must be presented to the Brown University Health Finance Department for approval prior to processing. Each request is reviewed to ensure the availability of funds and that the expense/purchase is both in conformity with the fund's restriction and approved by the required levels of authorized personnel referenced in the database. 0 1 0 0 0 0 0 0 0 Peter K Markell EVP & CFO 0 1221588 0 0 0 242967 0 18975 0 21785 0 1505315 0 0 Henry Sachs MD President-Treasurer 0 483379 0 0 0 79842 0 20651 0 28719 0 612591 0 0 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. X 4 34622 FMV X Vacation Auction Items 8 29349 FMV X Entertainment Auction Items 9 28200 FMV X Sports Auction Items 15 11205 FMV X Miscellaneous Donations 28 7548 FMV X Jewelry 1 4043 FMV X Electronics 1 34 FMV 0 0 1 0 Schedule M, Part I, Line 31 Schedule M, Part I, Column (b): BHF records non-cash contributions based on the number of individual contributions made during the tax year rather than the number of items received. Form 990, Part VI, Section A, Line 6 Brown University Health is the sole member of BHF. Form 990, Part VI, Section A, Line 7a 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. Form 990, Part VI, Section A, Line 7b 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 BHF'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 B, Line 12c Brown Health has a Conflict of Interest Policy that is applicable to all affiliates, including BHF, 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 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 University Health's financial information to repositories and investors alike. BHF's Articles of Incorporation, Bylaws, and Conflict of Interest Policy are available upon request from the office of the Brown University Health EVP/CFO, either in person or by mail. Form 990, Part XII, Line 2b While BHF did not produce an audited financial statement as of and for the fiscal year ended September 30, 2025, it was included in Brown Health's audited consolidated financial statements, in which one column is used for the Foundation individually. There are no regulatory or creditor stipulations which require the preparation of a separate audited financial statement for BHF. 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. Alternative Living Concepts Inc 15 LaSalle Square Providence RI 02903 050442015 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Bayberry Courts Inc 15 LaSalle Square Providence RI 02903 204590384 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Brown Health Medical Group 15 LaSalle Square Providence RI 02903 050389801 Physician Health Care Services RI 3 10 Brown University Health 0 Brown Health Medical Group of Massachusetts Inc 15 LaSalle Square Providence RI 02903 331237732 Physician Health Care Services MA 3 10 Brown University Health 0 Brown Health Medical Group Primary Care 15 LaSalle Square Providence RI 02903 844944884 Physician Health Care Services RI 3 10 Brown University Health 0 Brown University Health 15 LaSalle Square Providence RI 02903 222861978 Holding Company/Mgmnt Svcs RI 3 13 N/A 0 Brown University Health Foundation 15 LaSalle Square Providence RI 02903 050493219 Philanthropic Activities RI 3 7 Brown University Health 0 Brown University Health Massachusetts 15 LaSalle Square Providence RI 02903 043408517 Holding Company RI 3 13 Brown University Health 0 Capital City Community Centers Inc 15 LaSalle Square Providence RI 02903 050259090 Daycare Services RI 3 7 Gateway Healthcare Inc 0 Emma Pendleton Bradley Hospital 1011 Veterans Memorial Parkeay East Providence RI 02915 050258806 Pediatric Psychiatric Health Care Svcs. RI 3 3 Brown University Health 0 Families Reaching Into Each New Day Inc 15 LaSalle Square Providence RI 02903 050504841 Bereavement Services for Children RI 3 7 Gateway Healthcare Inc 0 Gateway Healthcare Inc 15 LaSalle Square Providence RI 02903 050309043 Subst. Abuse & Pysch. Health Care Svcs. RI 3 10 Brown University Health 0 Hospital Properties Inc 15 LaSalle Square Providence RI 02903 222869743 Property Management RI 4 Brown University Health 0 JM Apartments Inc 15 LaSalle Square Providence RI 02903 050435537 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 LJR Corporation 15 LaSalle Square Providence RI 02903 030508346 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Mill River Community Housing Corporation 15 LaSalle Square Providence RI 02903 050427152 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Morton Hospital 88 Washington Street Taunton MA 02780 994836263 Health Care Services MA 3 3 Brown University Health 0 Newport Health Care Corporation 11 Friendship Street Newport RI 02840 222535537 Holding Company/Mgmnt Svcs RI 3 7 Brown University Health 0 Newport Health Property Management 11 Friendship Street Newport RI 02840 222335539 Property Management RI 3 12 Newport Health Care Corporation 0 Newport Hospital 11 Friendship Street Newport RI 02840 050258914 Health Care Services RI 3 3 Brown University Health 0 Newport Hospital Foundation Inc 11 Friendship Street Newport RI 02840 222535533 Philanthropic Activities RI 3 7 Brown University Health 0 NHCC Medical Associates Inc 11 Friendship Street Newport RI 02840 050472268 Health Care Services RI 3 10 Brown University Health 0 Obed Apartments 15 LaSalle Square Providence RI 02903 050422771 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Pathways Inc 15 LaSalle Square Providence RI 02903 050393004 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Rhode Island Hospital 593 Eddy Street Providence RI 02903 050258954 Health Care Services RI 3 3 Brown University Health 0 Rhode Island Hospital Foundation 15 LaSalle Square Providence RI 02903 050468736 Philanthropic Activities RI 3 7 Brown University Health 0 RIH Ventures 593 Eddy Street Providence RI 02903 050448686 Parking Facilities/Phlebotomy Svcs RI 3 10 Brown University Health 0 Saint Annes Hospital 795 Middle Street Fall River MA 02721 994841947 Health Care Services MA 3 3 Brown University Health 0 Shore Courts 15 LaSalle Square Providence RI 02903 050504003 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 The Autism Project 1516 Atwood Avenue Johnston RI 02919 050512037 Services for Children with Autism RI 3 10 Gateway Healthcare Inc 0 The Bradley Schools 140 Broadway Providence RI 02903 464910847 Educational Services RI 3 2 Emma Pendleton Bradley Hospital 0 The Miriam Hospital 164 Summit Avenue Providence RI 02906 050258905 Health Care Services RI 3 3 Brown University Health 0 The Miriam Hospital Foundation 15 LaSalle Square Providence RI 02903 050377502 Philanthropic Activities RI 3 7 Brown University Health 0 TLR Realty 15 LaSalle Square Providence RI 02903 043742771 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Wentworth Corporation 15 LaSalle Square Providence RI 02903 050488520 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Westerly Courts Inc 15 LaSalle Square Providence RI 02903 611439766 Housing for Elderly and Mentally Ill RI 3 10 Gateway Healthcare Inc 0 Brown University Health Alliance LLC 15 LaSalle Square Providence RI 02903 812732225 Accountable Care Organization RI N/A 0 0 0 0 0 Brown University Health MSO 15 LaSalle Square Providence RI 02903 050508717 Management Services RI Brown University Health C 0 Brown University Health Risk Services 15 LaSalle Square Providence RI 02903 050459767 Risk Services RI Brown University Health C 0 Brown University Health Home Medical 15 LaSalle Square Providence RI 02903 050472710 DME Sales RI Brown University Health C 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0