Brown Medicine
- Assets
- $77.6m
- Revenue
- $101.7m
- Investments
- $0.0
- Employees
- 616
- Location
- Providence, RI
- Founding
- 05/1991
- Data as of
- 09/2023
- EIN
- 05-0450410
Organization Overview
Brown Medicine is located in Providence, RI. The organization was established in 1991. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 09/2023, Brown Medicine employed 616 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brown Medicine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Brown Medicine generated $101.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $104.9m during the year ending 09/2023. While expenses have increased by 3.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Brown Medicine has awarded 40 individual grants totaling $551,880. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH-LEVEL PATIENT CARE, ADVANCE MEDICAL KNOWLEDGE AND SCIENCE AND DEVELOP CURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROWN MEDICINE PROVIDED PRIMARY CARE AND SPECIALTY CARE AT NUMEROUS SITES THROUGHOUT RHODE ISLAND AS WELL AS OUTPATIENT AND INPATIENT CARE THROUGH NINE SUBSPECIALTY DIVISIONS AT RHODE ISLAND HOSPITAL, MIRIAM HOSPITAL AND THE PROVIDENCE VETERAN'S ADMINISTRATION HOSPITAL. BROWN MEDICINE PHYSICIANS RAN THE HOSPITALISTS PROGRAMS AT BOTH THE RHODE ISLAND AND MIRIAM HOSPITALS. IN ADDITION, BROWN MEDICINE OFFERED MEDICAL CARE AT ALL SEVEN OF RHODE ISLAND'S INPATIENT KIDNEY DIALYSIS CENTERS AND TWO STAND ALONE OUTPATIENT DIALYSIS CENTERS, AND BROWN MEDICINE OFFERED A TRAVEL CLINIC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Rice MD President | OfficerTrustee | 1 | $0 |
Michael Blundin MD Director (to 1/23) | Trustee | 40 | $312,664 |
Kelly Mcgarry MD Director | Trustee | 40 | $364,072 |
Thomas Bledsoe MD Director | Trustee | 40 | $228,359 |
Harlan Rich MD Director | Trustee | 40 | $401,488 |
Corey Ventetuolo MD Director | Trustee | 40 | $320,631 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eclinicalworks Electronic Medical Records | 9/29/23 | $1,037,643 |
Brown University Physician Services | 9/29/23 | $247,166 |
Case Construction Company Construction Contractor | 9/29/23 | $272,561 |
Va Hospital Physician Services | 9/29/23 | $201,875 |
Image First Linen/laundry Service | 9/29/23 | $150,933 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $850,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $931,831 |
| Total Program Service Revenue | $99,788,230 |
| Investment income | $807,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $276,191 |
| Net Gain/Loss on Asset Sales | -$57,910 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,746,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,646,521 |
| Compensation of current officers, directors, key employees. | $1,133,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,242,909 |
| Pension plan accruals and contributions | $5,515,854 |
| Other employee benefits | $6,747,976 |
| Payroll taxes | $4,296,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $113,687 |
| Fees for services: Accounting | $136,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,570 |
| Fees for services: Other | $4,159,575 |
| Advertising and promotion | $94,975 |
| Office expenses | $632,289 |
| Information technology | $419,082 |
| Royalties | $0 |
| Occupancy | $4,024,460 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $104,865 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,047,234 |
| Insurance | $2,127,755 |
| All other expenses | $218,696 |
| Total functional expenses | $104,881,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,783,092 |
| Savings and temporary cash investments | $8,271,967 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,087,569 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $37,755 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $864,941 |
| Net Land, buildings, and equipment | $7,210,791 |
| Investments—publicly traded securities | $27,120,775 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,179,571 |
| Total assets | $77,556,461 |
| Accounts payable and accrued expenses | $10,390,522 |
| Grants payable | $40,000 |
| Deferred revenue | $200,520 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,919,107 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,350,269 |
| Total liabilities | $33,900,418 |
| Net assets without donor restrictions | $43,656,043 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $77,556,461 |
Grants Awarded
Over the last fiscal year, Brown Medicine has awarded $64,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE HEALTH PURPOSE: GOLF TOURNAMENT SPONSOR | $7,500 |
BOYS AND GIRLS OF PROVIDENCE PURPOSE: GOLF TOURNAMENT SPONSOR | $6,000 |
BROWN UNIVERSITY THE WARREN ALPERT MEDICAL SCHOOL PURPOSE: GOLD SPONSOR 2023 RI TRANS HEALTH CONFERENCE SPONSHORSHIP | $8,000 |
MEALS ON WHEELS PURPOSE: FESTIVAL OF MEALS 2023 SPONSOR | $15,000 |
RI MEDICAL SOCIETY PURPOSE: RI MEDICAL SPONSORSHIP | $10,750 |
RHODE ISLAND HOSPITAL FOUNDATION PURPOSE: MALLOY STRONG AND HASBRO CHILDRENS HOSPITAL GOLF TOURNAMENTS, RHODE ISLAND HOSPITAL FOUNDATION DONATION | $17,000 |