Childrens Medical Center

Childrens Medical Center Overview

Childrens Medical Center is located in Boston, MA. The organization was established in 1960. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2019, Childrens Medical Center employed 1,266 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2019, Childrens Medical Center generated $310.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $212.9m during the year ending 09/2019. While expenses have increased by 4.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

HOLDS & MANAGES INVESTMENTS FOR CHILDREN'S HOSPITAL CORP. AND ITS AFFILIATED ORGANIIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHILDREN'S MEDICAL CENTER CORPORATION HOLDS AND MANAGES INVESTMENTS EXCLUSIVELY FOR THE BENEFIT OF CHILDREN'S HOSPITAL CORPORATION AND ITS AFFILIATED ORGANIZATIONS TO SUPPORT THE ADVANCEMENT OF THE KNOWLEDGE AND PRACTICE OF, AND EDUCATION AND RESEARCH IN, MEDICINE, SURGERY, NURSING AND ALL OTHER SUBJECTS RELATING TO THE CARE, TREATMENT AND HEALING OF INFANTS, CHILDREN, ADOLESCENTS AND YOUNG ADULTS, AND TO IMPROVE THE HEALTH AND WELFARE OF ALL SUCH PERSONS.


PATIENT CARE - ACTIVITY FROM BOSTON CHILDREN'S HEALTH PHYSICIANS, LLP, A FULLY INTEGRATED HEALTH CARE COMMUNITY THAT PROVIDES PEDIATRIC PHYSICIAN INPATIENT AND OUTPATIENT CARE TO PATIENTS THROUGHOUT THE NEW YORK METROPOLITAN AREA, THE HUDSON VALLEY, CONNECTICUT AND NEW JERSEY.


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Childrens Medical Center Vendors

Vendor Name (Service)Compensation
Advanced Billing Services Inc
Medical Billing Services
$7,648,929
Wolf Greenfield & Sacks
Legal Services
$1,873,822
Wellington Trust Company
Investment Advisory
$2,051,196
Nixon Peabody Llp
Legal Services
$1,830,351
New York Medical College
Physician Services
$1,652,834
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$352,681
Investment income $31,767,322
Tax Exempt Bond Proceeds $0
Royalties $8,354,266
Net Rental Income $300,740
Net Gain/Loss on Asset Sales $113,715,258
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $310,941,929

Childrens Medical Center Grants Recieved

Over the last fiscal year, we have identified 1 grants that Childrens Medical Center has recieved totaling $5,000.

Awarding OrganizationAmount
The Jennison Charitable Foundation

Boston, MA

PURPOSE: GENERAL CONTRIBUTION

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,163,369,000
Earnings$51,492,000
Net Contributions$16,522,000
Other Expense$109,187,000
Ending Balance$1,122,196,000

Childrens Medical Center Peer Organizations

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