The Childrens Hospital Of Philadelphia
- Assets
- $7.0b
- Revenue
- $3.2b
- Investments
- $319.1m
- Employees
- 18,602
- Location
- Philadelphia, PA
- Founding
- 08/1932
- Data as of
- 06/2022
- 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 06/2022, Childrens Hospital Of Philadelphia employed 18,602 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Hospital Of Philadelphia 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 06/2022, Childrens Hospital Of Philadelphia generated $3.2b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.9b during the year ending 06/2022. While expenses have increased by 6.8% 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.
Since 2015, Childrens Hospital Of Philadelphia has awarded 1,686 individual grants totaling $492,178,879. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
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 President, CEO & Trustee | OfficerTrustee | 40 | $7,621,860 |
N Scott Adzick MD Trustee | Trustee | 1 | $0 |
Douglas Hock Executive VP & COO | Officer | 40 | $2,692,789 |
Thomas J Todorow Former Assistant Treasurer | 0 | $2,241,703 | |
Joseph W St Geme III MD Trustee | Trustee | 1 | $0 |
Jeffrey D Kahn Assistant Secretary | Officer | 40 | $1,900,113 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skanska Usa Building Inc Construction | 6/29/22 | $109,459,936 |
Target Building Construction Inc Construction | 6/29/22 | $44,277,120 |
Turner Construction Company Construction | 6/29/22 | $33,897,817 |
Lf Driscoll Company Llc Construction | 6/29/22 | $39,209,776 |
Hatzel Buehler Inc Construction | 6/29/22 | $27,403,968 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $88,829,803 |
| Government grants | $217,193,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,451,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,474,508 |
| Total Program Service Revenue | $2,616,287,705 |
| Investment income | $9,224,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,575,386 |
| Net Rental Income | $11,673,722 |
| Net Gain/Loss on Asset Sales | $3,221,275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,155,873,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,151,594 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,077,388 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,190,999,820 |
| Pension plan accruals and contributions | $80,610,295 |
| Other employee benefits | $91,981,592 |
| Payroll taxes | $98,556,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,599,833 |
| Fees for services: Accounting | $1,279,816 |
| Fees for services: Lobbying | $1,067,683 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,089,983 |
| Fees for services: Other | $148,101,419 |
| Advertising and promotion | $7,855,640 |
| Office expenses | $8,481,204 |
| Information technology | $88,467,268 |
| Royalties | $0 |
| Occupancy | $49,949,887 |
| Travel | $1,688,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,035,475 |
| Interest | $12,537,441 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,386,613 |
| Insurance | $71,006,215 |
| All other expenses | $11,323,256 |
| Total functional expenses | $2,900,942,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $141,033,800 |
| Pledges and grants receivable | $52,605,352 |
| Accounts receivable, net | $742,155,025 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $140,000 |
| Inventories for sale or use | $27,706,571 |
| Prepaid expenses and deferred charges | $56,116,850 |
| Net Land, buildings, and equipment | $3,428,027,790 |
| Investments—publicly traded securities | $304,447,669 |
| Investments—other securities | $319,073,554 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,884,406,865 |
| Total assets | $6,955,713,476 |
| Accounts payable and accrued expenses | $1,131,830,970 |
| Grants payable | $0 |
| Deferred revenue | $113,435,831 |
| Tax-exempt bond liabilities | $1,291,705,426 |
| 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 | $372,871,285 |
| Total liabilities | $2,909,843,512 |
| Net assets without donor restrictions | $3,880,570,096 |
| Net assets with donor restrictions | $165,299,868 |
| 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 | $6,955,713,476 |
Grants Awarded
Over the last fiscal year, The Childrens Hospital Of Philadelphia has awarded $70,141,596 in support to 252 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATE HOPE CHILDREN'S HOSPITAL PURPOSE: RESEARCH | $26,600 |
AGENCY 39A LLC PURPOSE: RESEARCH | $15,058 |
ALBANY MEDICAL CENTER PURPOSE: RESEARCH | $21,900 |
ALL CHILDREN'S RESEARCH INSTITUTE INC PURPOSE: RESEARCH | $163,562 |
AKRON CHILDREN'S HOSPITAL PURPOSE: RESEARCH | $21,000 |
AMERICAN ACADEMY OF PEDIATRICS PURPOSE: RESEARCH | $107,077 |