Nonprofit · EIN 04-2539723
LOWN CARDIOVASCULAR GROUP INC
Tax-exempt · CHESTNUT HILL, MA 02467
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,058,725 | $3,865,391 | -$806,666 | $1,481,259 | $505,334 | $975,925 |
| December 31, 2023 | 990 | $2,964,070 | $3,150,487 | -$186,417 | $2,492,873 | $710,283 | $1,782,590 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $97,500
- Program service revenue
- $2,961,225
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,006,473
- Other salaries and wages
- $1,138,999
- Salaries, compensation and benefits (total)
- $2,616,069
- Professional fundraising fees
- $0
- Legal fees
- $8,320
- Accounting fees
- $59,894
- Occupancy
- $311,842
- Travel
- $11,798
- Depreciation
- $85,457
- Program services (functional)
- $3,274,684
- Management and general (functional)
- $587,251
- Fundraising (functional)
- $3,456
Balance sheet and other
- Total assets, start of year
- $2,492,873
- Total assets, end of year
- $1,481,259
- Total liabilities, end of year
- $505,334
- Net assets, end of year
- $975,925
- Land, buildings and equipment
- $182,114
- Net assets without donor restrictions
- $804,918
- Net assets with donor restrictions
- $171,007
- Gross receipts
- $3,058,725
- Employees
- 27
- Year formed
- 2013
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| BRIAN Z BILCHIK MD | PRESIDENT & Trustee or director, Officer | 40 | $236,255 | $584,380 |
| ALYSON KELLEY-HEDGEPETH MD | TRUSTEE Trustee or director | 40 | $241,944 | $502,523 |
| CHARLES BLATT MD | CLERK Trustee or director, Officer | 40 | $184,448 | $460,309 |
| SHMUEL RAVID MD | TRUSTEE Trustee or director | 40 | $182,141 | $396,703 |
| DARA LEE LEWIS MD | TRUSTEE Trustee or director | 40 | $161,685 | $357,591 |
| JOEL KATZ | PHYSICIAN Highest-paid employee | 40 | $181,500 | $0 |
| JONATHAN GERBODE-GRANT | NURSE PRACTI Highest-paid employee | 40 | $159,775 | $0 |
| SANDRA J WRIGHT | PRACTICE MAN Highest-paid employee | 40 | $138,433 | $0 |
| JASON WARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES BAIRD | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| BRIAN Z BILCHIK MD | PRESIDENT & Trustee or director, Officer | 40 | $232,438 | $519,187 |
| CHARLES BLATT MD | CLERK Trustee or director, Officer | 40 | $182,322 | $412,809 |
| DARA LEE LEWIS MD | TRUSTEE Trustee or director | 40 | $150,450 | $346,811 |
| ALYSON KELLEY-HEDGEPETH MD | TRUSTEE Trustee or director | 40 | $214,668 | $280,120 |
| SHMUEL RAVID MD | TRUSTEE Trustee or director | 40 | $180,165 | $313,649 |
| SANDRA J WRIGHT | PRACTICE MAN Highest-paid employee | 40 | $129,369 | $0 |
| JASON WARD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHARLES BAIRD | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 830 BOYLSTON ST STE 205, CHESTNUT HILL, MA 02467-2502
- Principal officer (990 for 2024)
- BRIAN Z BILCHIK MD, 830 BOYLSTON STREET, SUITE 205, CHESTNUT HILL, MA 02467
- Signed the 990
- BRIAN Z BILCHIK MD, PRESIDENT & TREAS.
- Phone
- (617) 732-1318
- Website
- WWW.LOWNGROUP.ORG
- Return prepared by
- DONOVAN SULLIVAN & RYAN CPA
Mission
THE ORGANIZATION'S PRIMARY MISSION IS THE UNDERSTANDING AND TREATMENT OF CARDIOVASCULAR DISEASE.
Program accomplishments
- 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 2024.Expenses $3,274,684 · revenue $2,961,225
- EDUCATION: THE ORGANIZATION'S PHYSICIANS PROVIDED OVER 200 HOURS OF DIRECT TRAINING TO MEDICAL STUDENTS FROM THE HARVARD MEDICAL SCHOOL DURING 2024. 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 2024. ADDITIONALLY, THE PHYSICIANS PROVIDED MORE THAN 200 HOURS AT THE BRIGHAM & WOMENS HOSPITAL IN DIRECT TRAINING OF STAFF RESIDENTS DURING 2024.
- RESEARCH: THE MAJOR RESEARCH INITIATIVES DURING 2024 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2539723
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E30)
- Assets (IRS master file)
- $1,481,259
- Income (IRS master file)
- $3,058,725
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,058,725 | $3,865,391 | $1,481,259 | XML |
| 990 | December 2023 | $2,964,070 | $3,150,487 | $2,492,873 | XML |
| 990 | December 2022 | $2,933,194 | $3,072,859 | $2,943,219 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2539723).
Questions about LOWN CARDIOVASCULAR GROUP INC
- What is the EIN of LOWN CARDIOVASCULAR GROUP INC?
- The employer identification number (EIN) of LOWN CARDIOVASCULAR GROUP INC is 04-2539723.
- Is LOWN CARDIOVASCULAR GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to LOWN CARDIOVASCULAR GROUP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOWN CARDIOVASCULAR GROUP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOWN CARDIOVASCULAR GROUP INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOWN CARDIOVASCULAR GROUP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LOWN CARDIOVASCULAR GROUP INC?
- The 990 for the year ended December 31, 2024 names BRIAN Z BILCHIK MD.
- Who are the officers and directors of LOWN CARDIOVASCULAR GROUP INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 8 received compensation from the organization, the highest $236,255 (BRIAN Z BILCHIK MD, PRESIDENT &).
- How much revenue does LOWN CARDIOVASCULAR GROUP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,058,725, expenses of $3,865,391 and total assets of $1,481,259 at year end.
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