Bradley Hospital Foundation
- Assets
- $1.5m
- Revenue
- $2.5m
- Investments
- $400.4k
- Employees
- 0
- Location
- Providence, RI
- Founding
- 01/2000
- Data as of
- 09/2021
- EIN
- 05-0500688
Organization Overview
Bradley Hospital Foundation is located in Providence, RI. The organization was established in 2000. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bradley Hospital Foundation 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 09/2021, Bradley Hospital Foundation generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.4m during the year ending 09/2021. While expenses have increased by 10.6% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN PHILANTHROPIC ACTIVITIES TO SUPPORT THE MISSION AND PURPOSES OF EMMA PENDLETON BRADLEY HOSPITAL (EPBH), WHICH ARE DELIVERING HEALTH WITH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FISCAL YEAR 2021, BRADLEY HOSPITAL FOUNDATION (THE FOUNDATION) TRANSFERRED $943,368 IN FUNDS RAISED TO EPBH IN SUPPORT OF RENOVATIONS TO MOVE AND EXPAND THE FOOTPRINT OF THE PEDIATRIC PARTIAL HOSPITAL PROGRAM, WHICH WILL BETTER SERVE THE CHILDREN AND FAMILIES WHO RELY ON THE PROGRAM INCLUDING CONSTRUCTION COSTS, FURNITURE, FIXTURES, AND EQUIPMENT.
THROUGH THE DEVELOPMENT AND ADMINISTRATION OF ITS PHILANTHROPIC ACTIVITIES, THE FOUNDATION TIMELY TRANSFERS VARIOUS FUNDS RAISED TO EPBH TO SUPPORT ITS OPERATING ACTIVITIES, WHICH IN TURN BENEFIT THE RHODE ISLAND COMMUNITY. IN FISCAL YEAR 2021, THE MOST NOTABLE OPERATING ACTIVITIES OF EPBH THAT THE FOUNDATION SUPPORTED INCLUDED: (1) THE OUTPATIENT CLINIC; AND (2) RENOVATIONS OF THE CHILDREN'S RESIDENTIAL AND FAMILY TREATMENT (CRAFT) PROGRAM PLAYGROUND. PLEASE SEE SCHEDULE O OF FORM 990 FOR FURTHER DETAIL RELATED TO EPBH PROGRAMS WHICH THE FOUNDATION SUPPORTED DURING THE FISCAL YEAR.
DURING FISCAL YEAR 2021, THE FOUNDATION TRANSFERRED $365,942 IN FUNDS RAISED TO EPBH TO SUPPORT THE HEALING ARTS PROGRAM, WHICH PROVIDES CREATIVE AND THERAPEUTIC ACTIVITIES THAT IMPROVE AND ENHANCE THE PHYSICAL, MENTAL, AND EMOTIONAL WELL-BEING OF PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacie T Norris Secretary | OfficerTrustee | 1 | $0 |
Carol A Peterson Vice Chair | OfficerTrustee | 2 | $0 |
Lawrence B Sadwin Chair | OfficerTrustee | 3.5 | $0 |
Henry T Sachs III MD Pres./treasurer | Officer | 2.5 | $0 |
Mary A Wakefield Evp/cfo-6/21 | Officer | 0.5 | $0 |
David A Kirshner Evp & CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $720,097 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,740,302 |
| Noncash contributions included in lines 1a–1f | $91,323 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,460,399 |
| Total Program Service Revenue | $0 |
| Investment income | $21,458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $102,343 |
| Net Income from Fundraising Events | -$50,618 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,533,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,026,353 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $711 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,363,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,039 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $44,797 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $768 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $899,538 |
| Investments—other securities | $400,422 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,356 |
| Total assets | $1,452,920 |
| Accounts payable and accrued expenses | $67,225 |
| Grants payable | $0 |
| Deferred revenue | $6,500 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $73,725 |
| Net assets without donor restrictions | $1,287,781 |
| Net assets with donor restrictions | $91,414 |
| 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 | $1,452,920 |
Grants Awarded
Over the last fiscal year, Bradley Hospital Foundation has awarded $1,110,323 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
East Providence, RI PURPOSE: Philanthropy | $1,091,216 |
Providence, RI PURPOSE: Philanthropy | $19,107 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bradley Hospital Foundation has recieved totaling $10,273.
| Awarding Organization | Amount |
|---|---|
Ida B Littlefield Memorial Trust Providence, RI PURPOSE: PROGRAM SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $273 |
Endowment Analysis
| Beg. Balance | $863,505 |
| Earnings | $245,581 |
| Admin Expense | $1,334 |
| Net Contributions | $2,655,483 |
| Other Expense | $436,921 |
| Grants | $2,026,353 |
| Ending Balance | $1,299,961 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rhode Island Hospital Foundation Providence, RI | $69,328,658 | $16,409,972 |
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
International Union Operating Engineers Johnston, RI | $24,623,216 | $15,388,250 |
Danbury Hospital & New Milford Hospital Foundation Inc Danbury, CT | $175,854,316 | $24,324,982 |
Connecticut Childrens Foundation Inc Hartford, CT | $208,742,176 | $23,151,101 |
Commonwealth Of Massachusetts Nage Health And Welfare Trust Fund Quincy, MA | $20,484,486 | $12,264,688 |
Vna Care Network Inc Worcester, MA | $53,895,058 | $9,740,895 |
Integrinurse Inc Pittsfield, MA | $570,096 | $8,159,741 |
Baystate Health Foundation Inc Springfield, MA | $162,504,462 | $11,066,135 |
Bridgeport Hospital Foundation Inc Bridgeport, CT | $101,482,043 | $9,027,392 |
Trust Agreement For The Post- Retirement Medical Plan For Non- Orange, CT | $164,430 | $1,403,057 |
Norwalk Hospital Foundation Inc Norwalk, CT | $172,605,274 | $29,289,948 |