The Childrens Hospital Of Philadelphia
- Assets
- $5.1b
- Revenue
- $2.6b
- Investments
- $106.0m
- Employees
- 17,414
- Location
- Philadelphia, PA
- Founding
- 08/1932
- Data as of
- 06/2020
- EIN
- 23-1352166
Organization Overview
The Childrens Hospital Of Philadelphia is located in Philadelphia, PA. The organization was established in 1932. 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 06/2020, Childrens Hospital Of Philadelphia employed 17,414 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Childrens Hospital Of Philadelphia generated $2.6b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.5b during the year ending 06/2020. While expenses have increased by 7.5% 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 2015, Childrens Hospital Of Philadelphia has awarded 1,181 individual grants totaling $341,228,479. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SINCE ITS FOUNDING IN 1855, THE CHILDREN'S HOSPITAL OF PHILADELPHIA HAS FOSTERED SOME OF THE NATION'S PIONEERS IN PEDIATRIC MEDICINE AND CONTINUES TO BE THE PREMIER TRAINING GROUND FOR FUTURE PEDIATRIC LEADERS. ITS EDUCATIONAL PROGRAMS INCLUDE ONE OF THE LARGEST PEDIATRIC RESIDENCY PROGRAMS IN THE COUNTRY. THE CHILDREN'S HOSPITAL OF PHILADELPHIA IS ALSO COMMITTED TO RESEARCHING AND FINDING CURES FOR CHRONIC AND FATAL PEDIATRIC ILLNESSES THROUGH ITS EXTENSIVE RESEARCH PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madeline Bell CEO & Trustee | OfficerTrustee | 40 | $2,909,927 |
Thomas J Todorow Assistant Treasurer | Officer | 40 | $2,532,245 |
Doug Hock Executive VP & COO | Officer | 40 | $1,716,486 |
Bryan Wolf MD PHD Executive VP & Cso | Officer | 40 | $1,078,497 |
Calvin Allen Evp & Chief Hr Officer | 40 | $1,052,940 | |
Jeffrey D Kahn Assistant Secretary | Officer | 40 | $1,027,601 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lf Driscoll Company Llc Construction | 6/29/20 | $32,584,473 |
Target Building Construction Inc Construction | 6/29/20 | $54,414,728 |
Turner Construction Company Construction | 6/29/20 | $26,382,513 |
Rightsourcing Consultants | 6/29/20 | $21,875,217 |
Kpmg Llp Consultants | 6/29/20 | $17,149,458 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $94,780,853 |
| Government grants | $196,009,151 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,179,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,969,325 |
| Total Program Service Revenue | $2,104,809,455 |
| Investment income | $6,143,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,023,907 |
| Net Rental Income | $11,186,445 |
| Net Gain/Loss on Asset Sales | $5,601,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,624,512,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,109,253 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,645,882 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $32,306,195 |
| Compensation of current officers, directors, key employees. | $32,306,195 |
| Compensation to disqualified persons | $894,543 |
| Other salaries and wages | $822,256,316 |
| Pension plan accruals and contributions | $67,493,717 |
| Other employee benefits | $93,266,099 |
| Payroll taxes | $82,981,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,823,673 |
| Fees for services: Accounting | $1,007,820 |
| Fees for services: Lobbying | $1,002,632 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $413,554 |
| Fees for services: Other | $146,080,275 |
| Advertising and promotion | $4,655,815 |
| Office expenses | $13,382,977 |
| Information technology | $71,184,491 |
| Royalties | $0 |
| Occupancy | $38,392,052 |
| Travel | $4,017,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $310,506 |
| Interest | $17,098,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,668,799 |
| Insurance | $44,030,712 |
| All other expenses | $0 |
| Total functional expenses | $2,460,965,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $598,130,040 |
| Pledges and grants receivable | $43,940,577 |
| Accounts receivable, net | $308,433,964 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,910,300 |
| Inventories for sale or use | $11,755,367 |
| Prepaid expenses and deferred charges | $45,252,676 |
| Net Land, buildings, and equipment | $2,785,368,204 |
| Investments—publicly traded securities | $214,906,158 |
| Investments—other securities | $106,002,771 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $977,140,621 |
| Total assets | $5,111,840,678 |
| Accounts payable and accrued expenses | $568,598,508 |
| Grants payable | $0 |
| Deferred revenue | $99,448,218 |
| Tax-exempt bond liabilities | $837,862,135 |
| 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 | $157,240,613 |
| Total liabilities | $1,663,149,474 |
| Net assets without donor restrictions | $3,327,007,922 |
| Net assets with donor restrictions | $121,683,282 |
| 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 | $5,111,840,678 |
Grants Awarded
Over the last fiscal year, The Childrens Hospital Of Philadelphia has awarded $77,808,640 in support to 244 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: RESEARCH | $14,285,889 |
Philadelphia, PA PURPOSE: RESEARCH | $11,405,420 |
Houston, TX PURPOSE: RESEARCH | $2,349,896 |
Cincinnati, OH PURPOSE: RESEARCH | $1,895,477 |
Pittsburgh, PA PURPOSE: RESEARCH | $1,682,107 |
UNIVERSITY OF WISCONSIN-MADISON PURPOSE: RESEARCH | $1,616,355 |
Grants Recieved
Over the last fiscal year, we have identified 90 grants that The Childrens Hospital Of Philadelphia has recieved totaling $5,573,341.
| Awarding Organization | Amount |
|---|---|
Friedreichs Ataxia Research Alliance Fara Springfield, VA PURPOSE: MEDICAL RESEARCH | $874,190 |
Friedreichs Ataxia Research Alliance Fara Springfield, VA PURPOSE: MEDICAL RESEARCH | $874,190 |
Alexs Lemonade Stand Foundation Bala Cynwyd, PA PURPOSE: PEDIATRIC CANCER RESEARCH | $688,255 |
Childrens Cancer Research Fund Minneapolis, MN PURPOSE: HARD TO TREAT CANCER RESEARCH | $500,000 |
American Thrombosis And Hemostasisnetwork Inc Rochester, NY PURPOSE: DATA MANAGEMENT CAPACITY RESEARCH AND SURVEILANCE | $458,956 |
Kids N Hope Foundation Inc Philadelphia, PA PURPOSE: CHILDREN MEDICAL SUPPLIES | $265,000 |
Endowment Analysis
| Beg. Balance | $2,371,941,000 |
| Earnings | $99,565,000 |
| Net Contributions | $266,832,000 |
| Other Expense | $135,291,000 |
| Ending Balance | $2,603,047,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Hospital Medical Center Of Akron Akron, OH | $1,672,516,693 | $1,014,517,498 |
Johns Hopkins All Childrens Hospital Inc Baltimore, MD | $1,077,010,890 | $544,193,732 |
Dayton Osteopathic Hospital Miamisburg, OH | $501,177,592 | $570,828,934 |
The American Oncologic Hospital Philadelphia, PA | $209,044,246 | $415,428,111 |
Dayton Childrens Hospital Dayton, OH | $1,013,973,850 | $509,114,556 |
Deborah Heart & Lung Center Browns Mills, NJ | $133,457,746 | $212,383,762 |
Kennedy Krieger Childrens Hospital Inc Baltimore, MD | $110,105,451 | $188,742,659 |
New York Eye & Ear Infirmary New York, NY | $192,266,223 | $163,332,512 |
Pediatric Academic Association Inc Department Of Pediatrics B-132 Columbus, OH | $21,213,666 | $133,046,824 |
Calvary Hospital Inc Bronx, NY | $102,670,200 | $131,341,200 |
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 |