Bradley Hospital Foundation
- Assets
- $1.5m
- Revenue
- $1.7m
- Investments
- $466.1k
- Employees
- 0
- Location
- Providence, RI
- Founding
- 01/2000
- Data as of
- 09/2023
- 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 09/2023, Bradley Hospital Foundation generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.9m during the year ending 09/2023. 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
2023
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
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 2023, THE MOST NOTABLE OPERATING ACTIVITIES OF EPBH THAT THE FOUNDATION SUPPORTED INCLUDED: (1) RENOVATE THE KITCHEN AT CENTER FOR AUTISM AND DEVELOPMENT DISABILITIES (CADD) HERITAGE HOUSE RESIDENCE IN WARWICK; AND (2) TO BE USED FOR CAPITAL REPAIRS AND MAINTENANCE TO THE CADD RESIDENTIAL HOMES. 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 2023, BRADLEY HOSPITAL FOUNDATION (THE FOUNDATION) TRANSFERRED $466,139 TO THE BRADLEY CENTER, AN ACUTE RESIDENTIAL TREATMENT PROGRAM FOR TEENS DEALING WITH A WIDE RANGE OF EMOTIONAL AND BEHAVIORAL CONCERNS.
DURING FISCAL YEAR 2023, THE FOUNDATION TRANSFERRED $209,977 IN FUNDS RAISED TO EPBH TO SUPPORT THE NEEDS OF ITS VARIOUS OUTPATIENT PROGRAMS THROUGH ACCESS EXPANSION AND WORKFORCE SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Kirshner Evp/cfo-11/22 | Officer | 0 | $0 |
Henry T Sachs III MD Pres./treasurer | Officer | 2.5 | $0 |
Thomas F Anders MD Trustee | Trustee | 0.1 | $0 |
Richard R Beretta ESQ Trustee | Trustee | 1 | $0 |
Elizabeth G Brito Trustee | Trustee | 2 | $0 |
David A Brown Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $878,280 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $951,368 |
| Noncash contributions included in lines 1a–1f | $81,152 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,829,648 |
| Total Program Service Revenue | $0 |
| Investment income | $32,663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,135 |
| Net Income from Fundraising Events | -$179,109 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,705,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,506,549 |
| 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 | $4,596 |
| 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 | $1,868,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $51,577 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $890,607 |
| Investments—other securities | $466,121 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,354 |
| Total assets | $1,493,274 |
| Accounts payable and accrued expenses | $5,826 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,122 |
| Total liabilities | $7,948 |
| Net assets without donor restrictions | $1,376,867 |
| Net assets with donor restrictions | $108,459 |
| 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 | $1,493,274 |
Grants Awarded
Over the last fiscal year, Bradley Hospital Foundation has awarded $1,110,323 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EMMA PENDLETON BRADLEY HOSP PURPOSE: Philanthropy | $1,091,216 |
FRIENDS WAY PURPOSE: Philanthropy | $19,107 |