Civic Intelligence

Brown Physicians Inc C/O Financial Mgmt Office for Brown Med

EIN 82-1858635 • 501(c)3 • Providence, RI

Profile

To support the purposes of the warren alpert medical school of brown university, as well as other tax-exempt nonprofit hospitals in rhode island.

110 Elm St 2nd FloorProvidence, RI 02903

www.brownphysicians.org

Siviq Scores

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

Liabilities / Assets

78th percentile

0.59x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

1.36x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

8th percentile

-34%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$779,636

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

58th percentile

7.8%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

69th percentile

17%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Up

$29,253,327

Up $1,354,317 (+4.9%) from 2023

Liabilities

Up

$17,163,341

Up $5,639,935 (+49%) from 2023

Net Assets

Down

$12,089,986

Down $4,285,618 (-26%) from 2023

Revenue

Up

$12,587,810

Up $3,889,838 (+45%) from 2023

Expenses

Up

$16,873,428

Up $8,802,096 (+109%) from 2023

Net Income

Down

-$4,285,618

Down $4,912,258 (-784%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $6,300,619Liabilities 2018: $15,608Net Assets 2018: $6,285,0112018Assets 2019: $11,138,344Liabilities 2019: $3,846,584Net Assets 2019: $7,291,7602019Assets 2020: $12,482,895Liabilities 2020: $3,631,178Net Assets 2020: $8,851,7172020Assets 2021: $21,867,616Liabilities 2021: $7,230,355Net Assets 2021: $14,637,2612021Assets 2022: $25,162,369Liabilities 2022: $9,413,405Net Assets 2022: $15,748,9642022Assets 2023: $27,899,010Liabilities 2023: $11,523,406Net Assets 2023: $16,375,6042023Assets 2024: $29,253,327Liabilities 2024: $17,163,341Net Assets 2024: $12,089,9862024

Highlighted filing

2024

Assets$29,253,327
Liabilities$17,163,341
Net Assets$12,089,986

Operations Trend

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

$20M$10M$0-$10MRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $7,883,446Expenses 2018: $1,598,435Net Income 2018: $6,285,0112018Revenue 2019: $4,661,365Expenses 2019: $3,570,414Net Income 2019: $1,090,9512019Revenue 2020: $4,159,647Expenses 2020: $2,599,690Net Income 2020: $1,559,9572020Revenue 2021: $10,008,475Expenses 2021: $4,222,931Net Income 2021: $5,785,5442021Revenue 2022: $9,199,614Expenses 2022: $8,087,911Net Income 2022: $1,111,7032022Revenue 2023: $8,697,972Expenses 2023: $8,071,332Net Income 2023: $626,6402023Revenue 2024: $12,587,810Expenses 2024: $16,873,428Net Income 2024: -$4,285,6182024

Highlighted filing

2024

Revenue$12,587,810
Expenses$16,873,428
Net Income-$4,285,618

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 12, 2025
Return Version
2023v6.0
Gross Receipts
$12,587,810
Mission and Program Overview

Mission

To support the purposes of the warren alpert medical school of brown university, as well as other tax-exempt nonprofit hospitals in rhode island.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,269,012$10,309,663▲ $5,040,651
Savings and Temporary Cash Investments$5,971,034$4,738,233▼ $1,232,801
Cash and Non-Interest-Bearing Accounts$4,020,659$3,245,670▼ $774,989
Land, Buildings, and Equipment, Net$2,915,007$3,005,914▲ $90,907
Accounts Receivable$1,448,068$1,525,648▲ $77,580
Other Notes and Loans Receivable, Net$1,130,161--
Prepaid Expenses and Deferred Charges$228,158$285,905▲ $57,747
Total Assets$27,899,010$29,253,327▲ $1,354,317
Other Assets Total$6,916,911$6,142,294▼ $774,617
Liabilities
Other Liabilities$9,890,713$14,502,595▲ $4,611,882
Accounts Payable and Accrued Expenses$1,569,301$2,660,746▲ $1,091,445
Deferred Revenue$63,392--
Total Liabilities$11,523,406$17,163,341▲ $5,639,935
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,181,734$6,357,111▼ $4,824,623
Net Assets With Donor Restrictions$5,193,870$5,732,875▲ $539,005
Total Net Assets Fund Balance$16,375,604$12,089,986▼ $4,285,618
Total Liabilities and Net Assets / Fund Balance$27,899,010$29,253,327▲ $1,354,317

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,371,500$634,959$3,006,459
Equipment$634,414$520,625$1,155,039
Other Assets Org$3,241,566--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tammy LedererChief Hr OfficerPT$112,710$26,072$138,782

Board Members and Trustees

NameTitle
Mukesh Jain MdBoard Chair (as of 6/24)
William G Cioffi MdBoard Chair (to 6/24)
Abrar Qureshi MdDirector
Gyan Pareek MdDirector
Kimberly a Galligan MbaDirector
Linda Brown Md PhdDirector
Aurora Pryor MdDirector (as of 6/24)
Angela Caliendo Md PhdExecutive Director
Karen Furie MdSecretary
Louis B Rice MdTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Starkweather & ShepleyInsurance Broker60 CATAMORE BLVD PO BOX 549, Providence, RI 02901$151,830
Adler Pollock & Sheehan PCLegalONE CITIZENS PLAZA 8TH FLOOR, Providence, RI 02903$139,535
Jh CommunicationsMarketing19 BASSET STREET, Providence, RI 02903$114,647
Revenue and Support

Revenue Composition

Contributions and Grants
$8,606,305
Program Service Revenue
$4,104,225
Investment Income
$231,183
Other Revenue
$-353,903
Change in Net Assets
$-4,285,618
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,705,905
Salaries, Compensation, and Employee Benefits$3,906,477
Other Expenses$3,261,046
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$9,705,905--$9,705,905
Other Salaries and Wages$343,343$2,403,398-$2,746,741
Fees for Services Other-$1,595,104-$1,595,104
Other Employee Benefits$82,029$601,550-$683,579
Office Expenses$50,022$362,829-$412,851
Depreciation Depletion$47,872$335,102-$382,974
Pension Plan Contributions$31,435$230,525-$261,960
Fees for Services Legal-$253,948-$253,948
Occupancy$28,745$201,218-$229,963
Payroll Taxes$25,704$188,493-$214,197
Fees for Services Accounting-$183,400-$183,400
Advertising-$132,727-$132,727
Insurance$10,000$60,079-$70,079
Total Functional Expenses$10,325,055$6,548,373$0$16,873,428
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brown Urology IncRumford, RI501(c)(3)Teaching and Research$4,228,292
Brown Emergency MedicineProvidence, RI501(c)(3)Teaching and Research$1,600,421
Brown MedicineProvidence, RI501(c)(3)Teaching and Research$1,269,708
Brown University HealthProvidence, RI501(c)(3)Teaching and Research$1,111,869
University Surgical Associates Inc Dba Brown Surgical AssociatesRumford, RI501(c)(3)Teaching and Research$801,887
Brown DermatologyProvidence, RI501(c)(3)Teaching and Research$323,503
Brown UniversityProvidence, RI501(c)(3)Teaching and Research$160,566
Brown Neurology IncProvidence, RI501(c)(3)Teaching and Research$99,907
Rhode Island Hospital FoundationProvidence, RI501(c)(3)General Support$52,100
The Miriam HospitalProvidence, RI501(c)(3)General Support$34,600
Boys and Girls Club of ProvidenceProvidence, RI501(c)(3)General Support$5,920
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$10,309,663
Operating Lease Liability$4,192,932
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The constituent foundations of brown physicians below provide the following management functions: brown medicine, inc. - finance, administrative, hr services and it services university surgical associates, inc. - n/a brown emergency medicine, inc. - it services brown urology, inc- it services brown dermatology, inc- administrative services brown neurology, inc- administrative services

Form 990, Part VI, Section A, Line 6

The organization has two classes of membership, class a and class b. The class a members consist of six department chairs from departments of the warren alpert medical school of brown university. The sole class b member is the dean of the warren alpert medical school of brown university.

Form 990, Part VI, Section A, Line 7A

The members of the organization have the power to appoint directors to the organization's board of directors. Each of the class a members appoints one director, and the class b member appoints two directors to the board, one of which is the dean of the warren alpert medical school of brown university.

Form 990, Part VI, Section A, Line 7B

Certain governance decisions of the board of director require a vote of two-thirds of the eligible class a members and the vote of the class b member to be approved. There are additional specific actions proposed by the board of directors that require the approval of the class b member before adoption.

Form 990, Part VI, Section B, Line 11B

The form 990 is not provided to the organization's full board of directors before it is filed. The form 990 is reviewed by the finance office and the president.

Form 990, Part VI, Section B, Line 12C

The organization's conflict of interest forms are required to be completed annually. The responses are compiled and follow up upon if the forms indicate potential conflicts.

Form 990, Part VI, Section C, Line 19

The organization's articles of incorporation are available at the secretary of state's office and on the related website. The organization does not make its financial statements, by-laws or its conflict of interest policy available to the public as it does not believe that a public purpose would be served by doing so.

Filing and Contact Details

Filer

Filer Name
Brown Physicians Inc
EIN
82-1858635
Phone
4014445135
Address
110 ELM ST 2ND FLOOR, PROVIDENCE, RI 02903

Signing Officer

Name
Dr Angela Caliendo Md Phd
Title
President
Phone
4014445135
Signed
2025-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Angela Caliendo Md
Formed
2017
Legal Domicile
Ri
Voting Board Members
8
Independent Board Members
0
Employees
26
Volunteers
0

Preparer

Firm
Kahn Litwin Renza & Co Ltd
Address
951 NORTH MAIN STREET, PROVIDENCE, RI 02904
Preparer
Sandy Ross
Phone
4012742001
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income tax under the provisions of section 501(c)(3) of the internal revenue code. Management believes that the organization operates in a manner consistent with its tax-exempt status at both the state and federal level. The organization annually files irs form 990 - return of organization exempt from income tax, reporting various information that the irs uses to monitor the activities of tax-exempt entities. These tax returns are subject to review by the taxing authorities, and the federal income tax returns are subject to examination by the irs, generally for three years after they were filed. The organization currently has no tax examinations in progress.

Raw XML AppendixShowing 400 of 993 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR (TO 6/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD CHAIR (AS OF 6/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR (AS OF 6/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF HR OFFICER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02017
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IRS990/FSAuditedInd01
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToOrganizationsInd01
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IRS990/InsuranceGrp/ProgramServicesAmt010000
IRS990/InsuranceGrp/TotalAmt070079
IRS990/InvestmentIncomeGrp/ExclusionAmt0231183
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0231183
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IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO SUPPORT THE PURPOSES OF THE WARREN ALPERT MEDICAL SCHOOL OF BROWN UNIVERSITY, AS WELL AS OTHER TAX-EXEMPT NONPROFIT HOSPITALS IN RHODE ISLAND.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt0201218
IRS990/OccupancyGrp/ProgramServicesAmt028745
IRS990/OccupancyGrp/TotalAmt0229963
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0362829
IRS990/OfficeExpensesGrp/ProgramServicesAmt050022
IRS990/OfficeExpensesGrp/TotalAmt0412851
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0601550
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1LOSS ON MEDICAL INSURA
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-375733
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-375733
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IRS990/PartialLiquidationInd00
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IRS990/PYSalariesCompEmpBnftPaidAmt0151323
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08697972
IRS990/QuidProQuoContributionsInd00
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IRS990/ReconcilationRevenueExpnssAmt0-4285618
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
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IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04126055
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05971034
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IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd01
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0BROWN UNIVERSITY, SPECIFICALLY THE WARREN ALPERT MEDICAL SCHOOL OF BROWN UNIVERSITY, IS THE PRIMARY SUPPORTED ORGANIZATION OF THE CORPORATION, AND HAS THE AUTHORITY TO APPOINT ALL OF THE MEMBERS OF THE CORPORATION, WHICH IN TURN APPOINT ALL OF THE DIRECTORS OF THE CORPORATION. THE CORPORATION'S OTHER SUPPORTED ORGANIZATIONS ARE NONPROFIT HOSPITALS IN RHODE ISLAND, EACH OF WHICH IS ALSO AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER CODE SECTION 501(C)(3) AND A "PUBLIC CHARITY" DESCRIBED IN CODE SECTION 509(A)(1).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1BROWN PHYSICIANS' ARTICLES OF INCORPORATION STATE THE SPECIFIC PURPOSE OF THE CORPORATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF BROWN UNIVERSITY AND TAX-EXEMPT NONPROFIT HOSPITALS IN RHODE ISLAND. IN PARTICULAR, THE CORPORATION WILL SUPPORT THE TEACHING AND RESEARCH ACTIVITIES OF THE WARREN ALPERT MEDICAL SCHOOL OF BROWN UNIVERSITY. BY DEVELOPING 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 TO THE CONSTITUENT FOUNDATIONS IN SUPPORT OF SUCH CLINICAL INTEGRATION AND THE TEACHING AND RESEARCH FUNCTIONS OF THE MEDICAL SCHOOL, THE CORPORATION, DIRECTLY AND THROUGH THE CONSTITUENT FOUNDATIONS OF WHICH IT IS A MEMBER, WILL BE RESPONSIVE TO THE NEEDS OF THE UNIVERSITY AND THE MEDICAL SCHOOL, AS WELL AS THE OTHER SUPPORTED ORGANIZATIONS, AND WILL CONSTITUE AN INTEGRAL PART OF THE MEDICAL SCHOOL, AND THE OTHER SUPPORTED ORGANIZATIONS. IN ADDITION TO THE SUPPORTED ORGANIZATIONS SPECIFICALLY IDENTIFIED IN PART I, LINE G, THE CORPORATION MAY SUPPORT OTHER NONPROFIT TAX EXEMPT HOSPITALS IN RHODE ISLAND FROM TIME TO TIME, AS ARE WARRANTED BY ITS ACTIVITIES IN FURTHERANCE OF THE PURPOSES OF BROWN UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION B, LINE 2
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt50
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0323503
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt11600421
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt21269708
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt34228292
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt499907
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt5801887
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BROWN DERMATOLOGY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1BROWN EMERGENCY MEDICINE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2BROWN MEDICINE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3BROWN UROLOGY INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4BROWN NEUROLOGY INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5UNIVERSITY SURGICAL ASSOCIATES INC
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02371500

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