Civic Intelligence

Brown University Research Foundation

EIN 05-0390989 • 501(c)3 • Providence, RI

Profile

The brown university research foundation (burf) was established for the purpose of supporting academic scholarship and scientific research in the public interest for the benefit of brown university and to assist in carrying out the education and research purposes of brown university.

Controllers Office Box JProvidence, RI 02912

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

87th percentile

43%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

91st percentile

56%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

42nd percentile

3.3%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$3,828,020

Up $263,113 (+7.4%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$3,828,020

Up $263,113 (+7.4%) from 2023

Revenue

Down

$606,774

Down $2,358,735 (-80%) from 2023

Expenses

Down

$343,661

Down $1,335,827 (-80%) from 2023

Net Income

Down

$263,113

Down $1,022,908 (-80%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $56,028Liabilities 2011: $02011Assets 2012: $13,302Liabilities 2012: $02012Assets 2013: $13,062Liabilities 2013: $02013Assets 2014: $1Liabilities 2014: $02014Assets 2015: $13,062Liabilities 2015: $02015Assets 2016: $13,062Liabilities 2016: $02016Assets 2017: $666Liabilities 2017: $02017Assets 2018: $666Liabilities 2018: $02018Assets 2019: $101Liabilities 2019: $02019Assets 2020: $101Liabilities 2020: $02020Assets 2021: $1,032,965Liabilities 2021: $0Net Assets 2021: $1,032,9652021Assets 2022: $2,278,886Liabilities 2022: $0Net Assets 2022: $2,278,8862022Assets 2023: $3,564,907Liabilities 2023: $0Net Assets 2023: $3,564,9072023Assets 2024: $3,828,020Liabilities 2024: $0Net Assets 2024: $3,828,0202024

Highlighted filing

2024

Assets$3,828,020
Liabilities$0
Net Assets$3,828,020

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $0Expenses 2011: $92Net Income 2011: -$922011Revenue 2012: $0Expenses 2012: $156Net Income 2012: -$1562012Revenue 2013: $0Expenses 2013: $130Net Income 2013: -$1302013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $1,562,690Expenses 2021: $529,826Net Income 2021: $1,032,8642021Revenue 2022: $2,870,168Expenses 2022: $1,624,247Net Income 2022: $1,245,9212022Revenue 2023: $2,965,509Expenses 2023: $1,679,488Net Income 2023: $1,286,0212023Revenue 2024: $606,774Expenses 2024: $343,661Net Income 2024: $263,1132024

Highlighted filing

2024

Revenue$606,774
Expenses$343,661
Net Income$263,113

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.83$0.00$3.83$0.61$0.34$0.26
2023Detailed filing. Detailed filing data is available for this year.$3.56$0.00$3.56$2.97$1.68$1.29
2022Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$2.87$1.62$1.25
2021Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$1.56$0.53$1.03
2020Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2016Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.00$0.00
2015Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.00$0.00
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2013Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.00$0.00
2012Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.00$0.00
2011Summary only. Only limited summary data is available for this year.$0.06$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$606,774
Mission and Program Overview

Mission

The brown university research foundation (burf) was established for the purpose of supporting academic scholarship and scientific research in the public interest for the benefit of brown university and to assist in carrying out the education and research purposes of brown university.

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,564,907$3,828,020▲ $263,113
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,564,907$3,828,020▲ $263,113
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,564,907$3,828,020▲ $263,113
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$3,564,907$3,828,020▲ $263,113
Total Liabilities and Net Assets / Fund Balance$3,564,907$3,828,020▲ $263,113
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christina PaxsonPresident
Richard LockeFormer Vice President
Francis J DoyleVice President
Jill PipherSecretary
Sarah LathamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$606,774
Change in Net Assets
$263,113
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$343,661
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$342,129--$342,129
Insurance$1,532--$1,532
Total Functional Expenses$343,661$0$0$343,661
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 2:

Christina paxson is an employee and an officer of brown university. Francis j doyle, jill pipher and sarah latham are all employed by brown university and reported as key employees for the university's form 990 filing.

FORM 990, PART VI, SECTION A, LINES 6, 7A AND 7B:

The president of brown university who is also the president of brown university research foundation is a member who has the right to appoint board members and make governance decisions unilaterally.

FORM 990, PART VI, SECTION A, LINE 8B:

Burf does not have any other committee which has authority to act on behalf of the governing body.

FORM 990, PART VI, SECTION B, LINE 11 AND LINE 11A:

The tax return is prepared by the university's tax consultants and reviewed by the controller's office. A copy of the form 990 is not made available to the governing body before filing as the controller's office is authorized to file the 990 on the governing body's behalf.

FORM 990, PART VI, SECTION B, LINES 12, 13 & 14:

In practice, burf adheres to brown university's policies and procedures. Brown university has a written conflict of interest policy, a written whistleblower policy and a written document retention & destruction policy.

FORM 990, PART VI, SECTION B, LINE 15:

All compensation was paid by brown university (ein: 05-0258809). Burf does not pay compensation for serving on the board of burf.

FORM 990, PART VI, SECTION C, LINE 19:

Burf is part of the university's consolidated financial statements. The university's financial statements, conflict of interest policies, and governing documents (charters and statutes) are made available to the public upon request and on their website. The burf form 990 is available upon request and additionally on guidestar. All other documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Brown University Research Foundation
EIN
05-0390989
In Care Of
% BROWN UNIVERSITY
Phone
4018631743
Address
CONTROLLERS OFFICE BOX J, PROVIDENCE, RI 02912

Signing Officer

Name
Charlene Sweeney
Title
Avp & Controller
Phone
4018635220
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christina Paxson
Formed
1982
Legal Domicile
Ri
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
PwC US Tax LLP
Address
101 SEAPORT BLVD SUITE 500, BOSTON, MA 02210
Preparer
Paul J Tanis
Phone
6175305000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE I:

The brown university research foundation (burf) was established for the purpose of supporting academic scholarship and scientific research in the public interest for the benefit of brown university and to assist in carrying out the education and research purposes of brown university.

FORM 990, PART XII, LINE 2B:

Brown university's financial statements include the accounts of the john nicholas brown center for the study of american civilizations, brown faculty club and brown university research foundation. All of which are separate entities that are consolidated in the financial statements. Brown university and these consolidated entities are collectively referred to herein as the university. All significant inter-entity transactions and balances have been eliminated in consolidation.

Financial Statement Notes

Schedule D, Part X, Line 2:

Brown university research foundation is a separate legal entity and is consolidated in the financial statements. Brown university and these consolidated entities are collectively referred to as the university. The university is a not-for-profit organization as described in section 501(c)(3) of the internal revenue code, as amended, and is generally exempt from income taxes. The university assesses uncertain tax positions and determined that there are no such positions that have a material effect on the financial statements.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BROWN UNIVERSITY
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BROWN UNIVERSITY RESEARCH FOUNDATION IS A SEPARATE LEGAL ENTITY AND IS CONSOLIDATED IN THE FINANCIAL STATEMENTS. BROWN UNIVERSITY AND THESE CONSOLIDATED ENTITIES ARE COLLECTIVELY REFERRED TO AS THE UNIVERSITY. THE UNIVERSITY IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, AND IS GENERALLY EXEMPT FROM INCOME TAXES. THE UNIVERSITY ASSESSES UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE ARE NO SUCH POSITIONS THAT HAVE A MATERIAL EFFECT ON THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHRISTINA PAXSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RICHARD LOCKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JILL PIPHER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3SARAH LATHAM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4FRANCIS J DOYLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1FORMER VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4VICE PRESIDENT
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT'S COMPENSATION PACKAGE IS ESTABLISHED BY THE UNIVERSITY USING SEVERAL DIFFERENT TOOLS, INCLUDING: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION SURVEY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1TERMS & CONDITIONS OF SUPPLEMENTAL RETIREMENT PLAN AND PAYMENT IN CALENDAR YEAR 2023: EFFECTIVE JULY 1, 2021, THE UNIVERSITY ENTERED INTO AN ADDITIONAL DEFERRED COMPENSATION AGREEMENT. UNDER THE PLAN THE ORGANIZATION DEPOSITS CERTAIN AMOUNTS TO THE PRESIDENT'S DEFERRED COMPENSATION ACCOUNT EACH JUNE 30TH THROUGH JUNE 30, 2025. THE AMOUNTS DEPOSITED FOR CALENDAR YEAR 2023 WAS $350,000. SUCH AMOUNTS VEST OVER THE COURSE OF THE AGREEMENT SO LONG AS THE PRESIDENT REMAINS CONTINUOUSLY EMPLOYED BY THE UNIVERSITY THROUGH EACH VESTED DATE. NO AMOUNTS VESTED UNDER THIS PLAN IN 2023.

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