2024-10-30T10:07:08-04:00 2023-12-31 043118719 DONOVAN SULLIVAN & RYAN CPA ONE UNIVERSITY SUITE 2 A WESTWOOD MA 020902179 990 2023-01-01 042539723 LOWN CARDIOVASCULAR GROUP INC LOWN 6177321318 830 BOYLSTON STREET SUITE 205 CHESTNUT HILL MA 02467 BRIAN Z BILCHIK MD PRESIDENT & TREAS. 6177321318 2024-05-07 true false JOHN F MARINO CPA P00628063 7813291690 2024-10-30 2023 2024-10-15 13:58:12Z BRIAN Z BILCHIK MD 830 BOYLSTON STREET SUITE 205 CHESTNUT HILL MA 02467 2964070 false X WWW.LOWNGROUP.ORG X 2013 MA THE ORGANIZATION'S PRIMARY MISSION IS THE UNDERSTANDING AND TREATMENT OF CARDIOVASCULAR DISEASE. 7 2 22 0 189000 32739 2744194 2931331 0 0 2933194 2964070 0 0 2060886 2229922 0 2340 1011973 920565 3072859 3150487 -139665 -186417 2943219 2492873 974212 710283 1969007 1782590 THE ORGANIZATION'S PRIMARY MISSION IS THE UNDERSTANDING AND TREATMENT OF CARDIOVASCULAR DISEASE. false false 2701820 2931331 PATIENT CARE: THE ORGANIZATION PROVIDED WORLD CLASS PATIENT CARE SERVICES IN THE FORM OF OVER 5,500 PATIENT ENCOUNTERS/TREATMENTS TO MORE THAN 1,500 PATIENTS DURING 2023. EDUCATION: THE ORGANIZATION'S PHYSICIANS PROVIDED OVER 200 HOURS OF DIRECT TRAINING TO MEDICAL STUDENTS FROM THE HARVARD MEDICAL SCHOOL DURING 2023. THIS TRAINING OCCURRED AT THE ORGANIZATION'S FACILITY AND INVOLVED THE TREATMENT OF PATIENTS, ALL FOLLOW UP AND DOCUMENTATION OF PATIENT RELATED PERTINENT INFORMATION. THE ORGANIZATION IS NOT COMPENSATED FOR THESE SERVICES/ACTIVITIES. NONE OF THE PHYSICIAN COSTS (COMPENSATION, ETC.) HAVE BEEN ALLOCATED TO THIS PROGRAM SERVICE DURING 2023. ADDITIONALLY, THE PHYSICIANS PROVIDED MORE THAN 200 HOURS AT THE BRIGHAM & WOMENS HOSPITAL IN DIRECT TRAINING OF STAFF RESIDENTS DURING 2023. RESEARCH: THE MAJOR RESEARCH INITIATIVES DURING 2023 CONSISTED OF 1) THE CONTINUED DEVELOPMENT OF THE SPORTS AND FITNESS CARDIOLOGY PROGRAM AND 2) THE CONTINUATION OF A NEW RESEARCH INITIATIVE FOCUSING ON WOMENS CARDIOLGY ISSUES AND HEALTH. 2701820 true true false false false false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true X 5 0 22 true false false false false false false false false false false false false X 7 2 false false false false true true true true true false false true true true true false true true true false MA X BRIAN Z BILCHIK MD 6177321318 830 BOYLSTON STREET SUITE 205 CHESTNUT HILL MA 02467 BRIAN Z BILCHIK MD PRESIDENT & 40.00 X X 232438 519187 0 CHARLES BLATT MD CLERK 40.00 X X 182322 412809 0 SHMUEL RAVID MD TRUSTEE 40.00 X 180165 313649 0 DARA LEE LEWIS MD TRUSTEE 40.00 X 150450 346811 0 ALYSON KELLEY-HEDGEPETH MD TRUSTEE 40.00 X 214668 280120 0 SANDRA J WRIGHT PRACTICE MAN 40.00 X 129369 0 0 JASON WARD TRUSTEE 1.00 X 0 0 0 CHARLES BAIRD TRUSTEE 1.00 X 0 0 0 1089412 1872576 6 false true false 32739 32739 PATIENT CARE 621110 1635839 1635839 CONSULTING & OTHER 621110 1295492 1295492 2931331 2964070 2931331 960043 864038 96005 875577 758649 116928 244245 215913 28332 150057 132650 17407 6850 6850 48614 48614 2340 2340 61037 12932 48105 308668 290148 18520 8510 8510 6168 6063 105 46428 33199 13229 65745 50685 15060 BILLING SERVICES 88833 88833 HOLTER SCANNING 62275 62275 DUES & SUBSCRIPTIONS 56427 56366 61 AMORTIZATION OF GOODWILL 43935 43935 114735 86134 28601 3150487 2701820 446327 2340 1669101 1416675 155059 144169 11584 65483 700025 478647 267806 221378 263614 219679 576055 425489 2943219 2492873 106734 129355 149359 56940 718119 523988 974212 710283 X 1749564 1607466 219443 175124 1969007 1782590 2943219 2492873 -186417 X false true X true false X 316726 316327 188725 189000 32739 1043517 3302849 2729381 3528754 2744194 2931331 15236509 3619575 3045708 3717479 2933194 2964070 16280026 16280026 3619575 3045708 3717479 2933194 2964070 16280026 1.00000 1.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED LEASE RIGHT-OF-USE ASSET, NET 380169 LEASE SECURITY DEPOSIT 45320 425489 OPERATING LEASE OBLIGATIONS 456995 FINANCE LEASE OBLIGATIONS 66993 523988 2964070 2964070 2964070 3150487 3150487 3150487 X X false false false false false false false true false BRIAN Z BILCHIK MD PRESIDENT & TREAS. 194000 519187 38438 8985 232438 519187 CHARLES BLATT MD CLERK 144000 412809 38322 15698 182322 412809 SHMUEL RAVID MD TRUSTEE 144000 313649 36165 16244 180165 313649 DARA LEE LEWIS MD TRUSTEE 144000 346811 6450 34225 150450 346811 ALYSON KELLEY-HEDGEPETH MD TRUSTEE 184000 280120 30668 6628 214668 280120 SCHEDULE J, PAGE 1, PART I, LINE 7 THE PHYSICIAN-EMPLOYEES OF THE CORPORATION ARE ELIGIBLE TO RECEIVE NON- FIXED PAYMENTS IN THE FORM OF DISCRETIONARY BONUSES. ANY SUCH BONUSES ARE DETERMINED BY THE CORPORATION'S COMPENSATION COMMITTEE COMPRISED OF TWO NON-PHYSICIAN COMMUNITY TRUSTEES NOT OTHERWISE AFFILIATED WITH THE CORPORATION. THE COMPENSATION COMMITTEE WILL ENGAGE A NATIONALLY RECOGNIZED COMPENSATION CONSULTANT TO ENSURE THAT TOTAL COMPENSATION PAID TO THE PHYSICIAN-EMPLOYEES, INCLUSIVE OF SALARY AND NON-FIXED PAYMENTS, IS CONSISTENT WITH FAIR MARKET VALUE. NO BONUSES WERE PAID OR ACCRUED IN 2023. FORM 990, PAGE 5, PART V, LINE 3B FORM 990-T HAS NOT BEEN FILED/COMPLETED BECAUSE THE ORGANIZATION HAS NO UNRELATED BUSINESS INCOME. FORM 990, PAGE 6, PART VI, LINE 6 EVERY PHYSICIAN WHO IS ADMITTED TO MEMBERSHIP IN ACCORDANCE WITH THE POLICIES AND PROCEDURES ADOPTED BY THE BOARD OF TRUSTEES FROM TIME TO TIME SHALL BE A MEMBER OF THE CORPORATION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF TRUSTEES CONSISTS OF ALL MEMBERS OF THE CORPORATION, PLUS TWO COMMUNITY TRUSTEES WHO ARE ELECTED BY THE BOARD OF TRUSTEES (IN ACCORDANCE WITH ARTICLES 3.1 AND 3.2 OF THE CORPORATION'S ARTICLES OF ORGANIZATION). FORM 990, PAGE 6, PART VI, LINE 7B ALL GOVERNANCE DECISIONS ARE MADE/APPROVED BY THE MEMBERS/BOARD OF TRUSTEES. NONE ARE DELEGATED TO OUTSIDE AGENCIES OR INDIVIDUALS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT, TREASURER AND CLERK OF THE CORPORATION. THESE INDIVIDUALS ARE ALSO TRUSTEES OF THE CORPORATION. ANY QUESTIONS ARE ADDRESSED WITH THE PREPARER OF THE FORM 990 (DONOVAN, SULLIVAN & RYAN, CPA'S) OR WITH THE CORPORATION'S OUTSIDE COUNSEL, AS NECESSARY. FORM 990, PAGE 6, PART VI, LINE 12C EACH TRUSTEE IS REQUIRED TO SIGN A STATEMENT ANNUALLY THAT HE OR SHE: (I) HAS RECEIVED A COPY OF THE CORPORATION'S CONFLICT OF INTEREST POLICY; (II) HAS READ AND UNDERSTANDS THE POLICY; (III) AGREES TO COMPLY WITH THE POLICY; (IV) UNDERSTANDS THAT THE POLICY APPLIES TO ALL FIDUCUARIES OF THE CORPORATION; AND (V) UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND MUST ENGAGE IN ONE OR MORE ACTIVITIES THAT FURTHER ITS CHARITABLE PURPOSE. SUCH STATEMENTS ARE REVIEWED AND NECESSARY STEPS, IF ANY REQUIRED, ARE TAKEN. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE CEO IS DETERMINED BY A COMPENSATION COMMITTEE COMPRISED OF TWO NON-PHYSICIAN COMMUNITY TRUSTEES, NOT OTHERWISE AFFILIATED WITH THE CORPORATION. THE COMPENSATION COMMITTEE CONSULTS WITH A NATIONALLY RECOGNIZED COMPENSATION CONSULTANT, WHO IS CHARGED WITH DETERMINING THAT THE COMPENSATION OF THE CEO IS REASONABLE ON A COMPARATIVE BASIS. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION OF ALL PHYSICIAN EMPLOYEES AND NON-PHYSICIAN KEY EMPLOYEES IS DETERMINED BY A COMPENSATION COMMITTEE COMPRISED OF TWO NON- PHYSICIAN COMMUNITY TRUSTEES, NOT OTHERWISE AFFILIATED WITH THE CORPORATION. THE COMPENSATION COMMITTEE CONSULTS WITH A NATIONALLY RECOGNIZED COMPENSATION CONSULTANT, WHO IS CHARGED WITH DETERMINING THAT THE COMPENSATION OF THESE EMPLOYEES IS REASONABLE ON A COMPARATIVE BASIS. FORM 990, PAGE 6, PART VI, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC, AS REQUIRED, UPON REQUEST MADE TO THE COMPANY. ADDITIONALLY, MASSACHUSETTS FORM PC IS FILED WITH THE MASSACHUSETTS ATTORNEY GENERAL - DEPT. OF PUBLIC CHARITIES. THE FORM PC INCLUDES AUDITED FINANCIAL STATEMENTS AND OTHER REQUIRED DISCLOSURES. THE FORM PC IS AVAILABLE TO THE PUBLIC VIA THE STATE'S WEBSITE (WWW.CHARITIES.AGO.STATE.MA.US/CHARITIES). BOSTON HEART LLC 830 BOYLSTON STREET SUITE 205 CHESTNUT HILL MA 02467 454411109 MEDICINE MA N/A false false false false false false false false false false false false false false false false false false true false false BOSTON HEART LLC Q 1260000 ACTUAL COST