Childrens Medical Center

Organization 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 09/2021, Childrens Medical Center employed 1,123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Childrens Medical Center generated $224.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $189.0m during the year ending 09/2021. While expenses have increased by 1.5% per year over the past 6 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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

Describe the Organization's Program Activity:

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Advanced Billing Services Inc
Medical Billing Services
$6,502,261
Axispoint Technology Solutions Group In
It Services
$2,327,365
New York Medical College
Medical Services
$1,838,433
Nixon Peabody Llp
Legal Services
$1,607,190
Genedx Inc
Lab Services
$1,465,705
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$481,373
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$481,373
Total Program Service Revenue$134,239,319
Investment income $4,505,083
Tax Exempt Bond Proceeds $0
Royalties $9,192,923
Net Rental Income $157,784
Net Gain/Loss on Asset Sales $73,037,808
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $224,711,683

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Childrens Medical Center has recieved totaling $100.

Awarding OrganizationAmount
Jane & Martin Schwartz Family Fdn 12-11-88

Philadelphia, PA

PURPOSE: GENERAL

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,299,461,000
Earnings$255,372,000
Net Contributions$48,009,000
Other Expense$194,976,000
Ending Balance$1,407,866,000

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