Franciscan Hospital For Children Inc
- Assets
- $82.6m
- Revenue
- $89.1m
- Investments
- $19.6m
- Employees
- 899
- Location
- Brighton, MA
- Founding
- 03/1946
- Data as of
- 09/2021
- EIN
- 04-2156082
Organization Overview
Franciscan Hospital For Children Inc is located in Brighton, MA. The organization was established in 1946. 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, Franciscan Hospital For Children Inc employed 899 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Franciscan Hospital For Children Inc 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, Franciscan Hospital For Children Inc generated $89.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $70.5m during the year ending 09/2021. While expenses have increased by 4.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRANCISCAN HOSPITAL FOR CHILDREN, INC. IS A CHARITABLE ORGANIZATION DELIVERING MEDICAL AND EDCATIONAL SERVICES TO CHILDREN AND ADOLESCENTS WITH SPECIAL NEEDS. (CONTINUED ON SCH O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT SERVICES: DELIVERY OF MEDICAL, MENTAL HEALTH, EDUCATIONAL AND OTHER SERVICES TO A SPECIAL NEEDS PEDIATRIC POPULATION IN EASTERN MASSACHUSETTS. FRANCISCAN CHILDREN'S HOSPITAL HAD 761 ADMISSIONS AND 26,969 PATIENT DAYS DURING FY 2021.
OUTPAIENT SERVICES: DELIVERY OF MEDICAL, MENTAL HEALTH, EDUCATIONAL AND OTHER SERVICES TO A SPECIAL NEEDS PEDIATRIC POPULATION IN EASTERN MASSACHUSETTS. FRANCISCAN CHILDREN'S HOSPITAL HAD 27,376 CLINICAL OUTPATIENT,REHABILITATION, BEHAVIORAL AND SURGICAL VISITS DURING FY 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Nash CEO | Officer | 40 | $951,857 |
Jane O'brien Chief Med Of | Officer | 40 | $343,606 |
Catherine Miller Physician | 40 | $317,841 | |
Bob Crosby Sr VP & CFO | Officer | 40 | $314,557 |
Aimee Carew Lyons Coo/cno/vp P | Officer | 40 | $301,982 |
David Leslie Physician | 40 | $299,567 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Huron Consulting Service Consulting | 9/29/21 | $1,316,665 |
Shawmut Design & Construction Physician Serv | 9/29/21 | $626,437 |
Pediatric Pulmonary Speciatists Physician Servi | 9/29/21 | $619,950 |
Mclean Hospital Management Serv | 9/29/21 | $2,955,672 |
Ntt Data Services Data Managment | 9/29/21 | $538,936 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $212,216 |
| Related organizations | $0 |
| Government grants | $17,804,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,563,630 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,580,384 |
| Total Program Service Revenue | $60,775,045 |
| Investment income | $112,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$59,806 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,147,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,460,597 |
| Compensation of current officers, directors, key employees. | $1,561,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,244,889 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,042,069 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,585,018 |
| Fees for services: Legal | $248,972 |
| Fees for services: Accounting | $114,000 |
| Fees for services: Lobbying | $100,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,002,230 |
| Advertising and promotion | $70,405 |
| Office expenses | $1,098,409 |
| Information technology | $1,984,056 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $345,314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,411,661 |
| Insurance | $420,951 |
| All other expenses | $1,877,905 |
| Total functional expenses | $70,474,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,521,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,489,967 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,163,301 |
| Inventories for sale or use | $540,810 |
| Prepaid expenses and deferred charges | $728,300 |
| Net Land, buildings, and equipment | $29,590,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,638,539 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,896,581 |
| Total assets | $82,570,015 |
| Accounts payable and accrued expenses | $9,662,235 |
| Grants payable | $0 |
| Deferred revenue | $3,090,000 |
| Tax-exempt bond liabilities | $12,485,456 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $382,762 |
| Total liabilities | $25,620,453 |
| Net assets without donor restrictions | $41,182,039 |
| Net assets with donor restrictions | $15,767,523 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $82,570,015 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Franciscan Hospital For Children Inc has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Miles & Gertrude W Hanson Foundation 100-0001319 Dallas, TX PURPOSE: SUPPORT NEEDS OF CHILDREN | $40,000 |
John T Spinelli Family Charitable Trust Boston, MA PURPOSE: PROGRAM SUPPORT | $40,000 |
Endowment Analysis
| Beg. Balance | $444,383 |
| Earnings | $1,506 |
| Other Expense | $404,844 |
| Grants | $420,338 |
| Ending Balance | $461,383 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital For Special Care New Britain, CT | $171,909,845 | $122,480,911 |
Elliot Professional Services Manchester, NH | $2,630,449 | $71,336,268 |
Elizabeth Seton Pediatric Center Yonkers, NY | $164,173,178 | $115,663,526 |
Saint Marys Hospital For Children Inc Bayside, NY | $163,358,524 | $102,313,252 |
Blythedale Childrens Hospital Valhalla, NY | $271,989,720 | $102,411,458 |
Gaylord Hospital Inc Wallingford, CT | $128,915,259 | $93,864,811 |
Franciscan Hospital For Children Inc Brighton, MA | $82,570,015 | $89,147,333 |
Sunnyview Hospital And Rehabilitation Center Schenectady, NY | $57,470,156 | $63,251,505 |
St Camillus Residential Health Care Facility Syracuse, NY | $18,350,656 | $37,347,324 |
Childrens Urological Foundation Inc Boston, MA | $43,588,337 | $23,423,243 |
Crotched Mountain Rehabilitation Center Inc Greenfield, NH | $33,215,363 | $38,931,376 |
Dana-Farber Cancer Care Network Inc Boston, MA | $92,663 | $9,435,411 |