Connecticut Childrens Specialty Group Inc
- Assets
- $33.4m
- Revenue
- $132.2m
- Investments
- $0.0
- Employees
- 1,052
- Location
- Hartford, CT
- Founding
- 05/1997
- Data as of
- 09/2023
- EIN
- 06-1446900
Organization Overview
Connecticut Childrens Specialty Group Inc is located in Hartford, CT. The organization was established in 1997. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2023, Connecticut Childrens Specialty Group Inc employed 1,052 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Childrens Specialty Group 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 09/2023, Connecticut Childrens Specialty Group Inc generated $132.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $158.5m during the year ending 09/2023. While expenses have increased by 9.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTICUT CHILDREN'S SPECIALTY GROUP, INC. PROVIDES PRIMARY CARE AND SPECIALTY CARE PHYSICIAN SERVICES TO THE CHILDREN OF CONNECTICUT AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED TO PROVIDE PRIMARY AND SPECIALTY PHYSICIAN HEALTHCARE SERVICES TO THE CHILDREN OF CONNECTICUT AND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Shmerlingdhafache Director; Ex-Officio | Trustee | 55 | $0 |
Christine M Finck MD Facs Director; Ex-Officio | Trustee | 55 | $1,187,647 |
Dennis M Mello MD Cardiovascular Surgeon | 55 | $1,044,151 | |
James E Moore MD PHD Director - President | OfficerTrustee | 55 | $936,316 |
Jonathan E Martin MD Division Head, Neurosurgery | 55 | $901,751 | |
Juan C Salazar MD MPH Director; Ex-Officio | Trustee | 55 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hartford Hospital Medical | 9/29/23 | $1,046,077 |
University Of Connecticut Health Ce Medical | 9/29/23 | $912,347 |
Weatherby Locums Recruiting | 9/29/23 | $887,335 |
Vision Associates Medical | 9/29/23 | $363,782 |
Careerphysician Llc Recruiting | 9/29/23 | $204,459 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $516,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $516,125 |
| Total Program Service Revenue | $131,585,771 |
| Investment income | $23,695 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,209 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,185,800 |
| 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. | $7,060,447 |
| Compensation of current officers, directors, key employees. | $7,060,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,225,796 |
| Pension plan accruals and contributions | $9,253,884 |
| Other employee benefits | $7,686,914 |
| Payroll taxes | $7,929,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,709 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,282,825 |
| Advertising and promotion | $27,846 |
| Office expenses | $516,761 |
| Information technology | $316,973 |
| Royalties | $0 |
| Occupancy | $4,248,974 |
| Travel | $112,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $697,013 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,604 |
| Insurance | $2,142,862 |
| All other expenses | $2,343,410 |
| Total functional expenses | $158,485,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,528,646 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,142,207 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $346,572 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $203,543 |
| Net Land, buildings, and equipment | $2,570,066 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $681,056 |
| Intangible assets | $36,668 |
| Other assets | $16,919,444 |
| Total assets | $33,428,202 |
| Accounts payable and accrued expenses | $26,038,246 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $9,635,573 |
| Total liabilities | $35,673,819 |
| Net assets without donor restrictions | -$2,131,020 |
| Net assets with donor restrictions | -$114,597 |
| 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 | $33,428,202 |