Connecticut Childrens Medical Center
- Assets
- $468.2m
- Revenue
- $406.9m
- Investments
- $0.0
- Employees
- 2,453
- Location
- Hartford, CT
- Founding
- 02/1956
- Data as of
- 09/2020
- EIN
- 06-0646755
Organization Overview
Connecticut Childrens Medical Center is located in Hartford, CT. The organization was established in 1956. 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 09/2020, Connecticut Childrens Medical Center employed 2,453 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2020, Connecticut Childrens Medical Center generated $406.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $371.9m during the year ending 09/2020. 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.
Since 2017, Connecticut Childrens Medical Center has awarded 14 individual grants totaling $179,105. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTICUT CHILDREN'S MEDICAL CENTER IS DEDICATED TO IMPROVING THE PHYSICAL AND EMOTIONAL HEALTH OF CHILDREN THROUGH FAMILY-CENTERED CARE, RESEARCH, EDUCATION AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED TO PROVIDE ACUTE CARE INPATIENT AND OUTPATIENT SERVICES TO CHILDREN FROM CONNECTICUT AND THE SURROUNDING AREA. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Shmerling Dha Fache Director - President/ceo | OfficerTrustee | 55 | $1,358,934 |
Gil Peri MBA MPH President & COO | Officer | 55 | $861,753 |
Juan Salazar MD MPH Evp, Academic Affairs | Officer | 55 | $618,630 |
Seth D Van Essendelft Svp/cfo (termed 02/2020) | Officer | 55 | $595,946 |
Paul H Dworkin MD Evp, Community Child Health | 55 | $584,432 | |
Glenn Flores MD Chief Research Officer | 55 | $417,192 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Connecticut Health Ce Medical | 9/29/20 | $37,454,687 |
Epic Systems Corporation It | 9/29/20 | $2,123,008 |
Hartford Hospital Medical | 9/29/20 | $7,935,721 |
Aramark Facility Services Cafeteria/dietary | 9/29/20 | $2,233,689 |
Amn Healthcare Inc Staffing | 9/29/20 | $1,483,187 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $12,674,519 |
| Government grants | $32,854,390 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,625,143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,154,052 |
| Total Program Service Revenue | $353,088,005 |
| Investment income | $49,979 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $170,263 |
| Net Gain/Loss on Asset Sales | $1,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,852,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,950 |
| Grants and other assistance to domestic individuals. | $42,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,095,034 |
| Compensation of current officers, directors, key employees. | $6,095,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,604,072 |
| Pension plan accruals and contributions | $7,762,348 |
| Other employee benefits | $12,050,722 |
| Payroll taxes | $9,363,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $567,037 |
| Fees for services: Accounting | $394,863 |
| Fees for services: Lobbying | $290,909 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,584,429 |
| Advertising and promotion | $2,239,187 |
| Office expenses | $5,882,540 |
| Information technology | $6,278,400 |
| Royalties | $0 |
| Occupancy | $13,579,384 |
| Travel | $792,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $547,607 |
| Interest | $1,905,710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,688,782 |
| Insurance | $3,578,186 |
| All other expenses | $3,330,529 |
| Total functional expenses | $371,945,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,743,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,793,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,838,490 |
| Prepaid expenses and deferred charges | $3,472,180 |
| Net Land, buildings, and equipment | $133,264,533 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $231,241,324 |
| Intangible assets | $0 |
| Other assets | $8,804,632 |
| Total assets | $468,158,242 |
| Accounts payable and accrued expenses | $40,188,842 |
| Grants payable | $0 |
| Deferred revenue | $6,727,012 |
| Tax-exempt bond liabilities | $28,332,564 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $23,550,484 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,951,565 |
| Total liabilities | $147,750,467 |
| Net assets without donor restrictions | $175,140,033 |
| Net assets with donor restrictions | $145,267,742 |
| 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 | $468,158,242 |
Grants Awarded
Over the last fiscal year, Connecticut Childrens Medical Center has awarded $80,480 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CONNECTICUT DOUBLE PLAY LLC PURPOSE: PROGRAM SUPPORT | $35,980 |
THE AMERICAN SPORTS PROPERTIES PURPOSE: PROGRAM SUPPORT | $32,000 |
West Hartford, CT PURPOSE: PROGRAM SUPPORT | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Connecticut Childrens Medical Center has recieved totaling $580,297.
| Awarding Organization | Amount |
|---|---|
Chenevert Family Foundation Inc St Petersburg, FL PURPOSE: TO SUPPORT THE CHILDREN'S HOSPITAL OF CONNECTICUT | $80,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $61,090 |
Arabelle G Paine Tr Uw Providence, RI PURPOSE: UNRESTRICTED GENERAL | $53,602 |
Arabelle G Paine Tr Uw Providence, RI PURPOSE: UNRESTRICTED GENERAL | $53,602 |
Grace K Salmon Trust Par 9 & 10 O/W Nect Bedford, NH PURPOSE: OPERATIONAL | $37,433 |
Robert R Rosenheim Foundation Inc Bristol, CT PURPOSE: CAPITAL CAMPAIGN FOR DIALYSIS CENTER | $30,000 |
Endowment Analysis
| Beg. Balance | $25,957,822 |
| Earnings | $927,364 |
| Net Contributions | $427,432 |
| Other Expense | $510,778 |
| Ending Balance | $26,801,840 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Women & Infants Hospital Of Rhode Island Warwick, RI | $395,028,534 | $484,082,923 |
Connecticut Childrens Medical Center Hartford, CT | $468,158,242 | $406,852,063 |
Childrens Medical Center Boston, MA | $3,565,462,629 | $310,941,929 |
New York Eye & Ear Infirmary New York, NY | $192,266,223 | $163,332,512 |
Calvary Hospital Inc Bronx, NY | $102,670,200 | $131,341,200 |
Hospital For Special Care New Britain, CT | $144,284,237 | $111,070,558 |
Elizabeth Seton Pediatric Center Yonkers, NY | $152,806,844 | $104,370,682 |
Saint Marys Hospital For Children Inc Bayside, NY | $152,654,903 | $105,641,246 |
Blythedale Childrens Hospital Valhalla, NY | $245,197,443 | $84,706,183 |
Gaylord Hospital Inc Wallingford, CT | $119,095,182 | $95,255,416 |
Franciscan Hospital For Children Inc Brighton, MA | $76,034,183 | $67,445,216 |
Sunnyview Hospital And Rehabilitation Center Schenectady, NY | $65,612,890 | $64,526,341 |