Brown Physicians Inc
- Assets
- $27.9m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 10/2017
- Data as of
- 09/2023
- EIN
- 82-1858635
Organization Overview
Brown Physicians Inc is located in Providence, RI. The organization was established in 2017. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Brown Physicians Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Brown Physicians Inc has awarded 19 individual grants totaling $467,520. 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 SUPPORT THE PURPOSES OF THE WARREN ALPERT MEDICAL SCHOOL OF BROWN UNIVERSITY, AS WELL AS OTHER TAX-EXEMPT NONPROFIT HOSPITALS IN RHODE ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF MULTI-DISCIPLINARY CLINICAL PROGRAMS, PARTICIPATING IN RESEARCH, PROVIDING TEACHING SERVICES, PLANNING JOINT CLINICAL INTEGRATION WITH THE UNIVERSITY AND NONPROFIT HOSPITALS IN RHODE ISLAND, AND PROVIDING MANAGEMENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William G Cioffi MD Chair Of The Board | OfficerTrustee | 1 | $0 |
Kimberly A Galligan MBA Ex-Officio | Trustee | 1 | $0 |
Karen Furie MD Secretary | OfficerTrustee | 1 | $0 |
Mukesh Jain MD Director | Trustee | 1 | $0 |
Gyan Pareek MD Director | Trustee | 1 | $0 |
Abrar Qureshi MD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kaufman Hall & Associates Llc Consulting | 9/29/23 | $1,202,960 |
Pc Connections Sales Corp Computer Software | 9/29/23 | $235,843 |
Mcdermott Will & Emery Llp Legal | 9/29/23 | $227,644 |
Kahn Litwin Renza & Co Ltd Accounting | 9/29/23 | $127,849 |
Jh Communications Marketing | 9/29/23 | $119,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,090,414 |
| Investment income | $184,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $446,809 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,697,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,250 |
| 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 | $94,286 |
| Pension plan accruals and contributions | $8,399 |
| Other employee benefits | $40,859 |
| Payroll taxes | $7,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $222,920 |
| Fees for services: Accounting | $210,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,235,417 |
| Advertising and promotion | $145,347 |
| Office expenses | $71,109 |
| Information technology | $256,428 |
| Royalties | $0 |
| Occupancy | $623,520 |
| 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 | $329,694 |
| Insurance | $61,154 |
| All other expenses | $0 |
| Total functional expenses | $8,071,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,020,659 |
| Savings and temporary cash investments | $5,971,034 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,448,068 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,130,161 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $228,158 |
| Net Land, buildings, and equipment | $2,915,007 |
| Investments—publicly traded securities | $5,269,012 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,916,911 |
| Total assets | $27,899,010 |
| Accounts payable and accrued expenses | $1,569,301 |
| Grants payable | $0 |
| Deferred revenue | $63,392 |
| 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 | $9,890,713 |
| Total liabilities | $11,523,406 |
| Net assets without donor restrictions | $11,181,734 |
| Net assets with donor restrictions | $5,193,870 |
| 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 | $27,899,010 |
Grants Awarded
Over the last fiscal year, Brown Physicians Inc has awarded $76,700 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE MIRIAM HOSPITAL PURPOSE: SPONSOR FOR ANNUAL GALA | $25,000 |
RHODE ISLAND HOSPITAL FOUNDATION PURPOSE: SPONSOR HEROES BALL | $26,700 |
RHODE ISLAND HOSPITAL FOUNDATION PURPOSE: DAY OF GIVING | $25,000 |