Pediatric Faculty Foundation In
- Assets
- $23.1m
- Revenue
- $224.2m
- Investments
- $0.0
- Employees
- 798
- Location
- Chicago, IL
- Founding
- 11/1988
- Data as of
- 08/2021
- EIN
- 36-3279680
Organization Overview
Pediatric Faculty Foundation In is located in Chicago, IL. The organization was established in 1988. According to its NTEE Classification (G98) the organization is classified as: Pediatrics, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 08/2021, Pediatric Faculty Foundation In employed 798 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pediatric Faculty Foundation In 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 08/2021, Pediatric Faculty Foundation In generated $224.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $218.4m during the year ending 08/2021. While expenses have increased by 6.1% 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
PEDIATRIC FACULTY FNDATION,INC., EMPLOYS PEDIATRIC MEDICINE SPECIALISTS & SUBSPECIALISTS WHO PRACTICE AT LURIE CHILDREN'S & PROVIDE QUALITY HEALTH CARE TO CHILDREN IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEDIATRIC FACULTY FOUNDATION, INC. ("PFF") IS AN ILLINOIS NOT FOR PROFIT CORPORATION AND AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE CODE WHOSE SOLE CORPORATE MEMBER IS CHILDREN'S HOSPITAL OF CHICAGO MEDICAL CENTER ("PARENT") (FEIN 36-3357004). PFF EMPLOYS PEDIATRIC MEDICINE SPECIALISTS, SUBSPECIALISTS AND HOSPITALISTS. SUCH PHYSICIANS ARE BASED AND PRACTICE AT ANN & ROBERT H. LURIE CHILDREN'S HOSPITAL OF CHICAGO ("LURIE CHILDREN'S"), ANOTHER AFFILIATED ENTITY OF PFF, AND AT THE LURIE CHILDREN'S OUTREACH LOCATIONS. LURIE CHILDREN'S OFFERS OVER 70 TYPES OF PEDIATRIC SUBSPECIALTY CARE, MORE THAN ANY OTHER ILLINOIS HOSPITAL. PFF EMPLOYS PEDIATRIC MEDICINE SPECIALISTS, SUBSPECIALISTS AND HOSPITALISTS WHO PROVIDE SPECIALTY SERVICES TO PATIENTS OF LURIE CHILDREN'S IN THE AREAS OF ALLERGY, CARDIOLOGY, IMMUNOLOGY, NEONATOLOGY, NEUROLOGY, DERMATOLOGY, EMERGENCY MEDICINE, ENDOCRINOLOGY, GASTROENTEROLOGY, GENERAL ACADEMIC PEDIATRICS, GENETICS, HEMATOLOGY AND ONCOLOGY, HOSPITAL-BASED MEDICINE, INFECTIOUS DISEASES, NEPHROLOGY AND PULMONARY AND CRITICAL CARE MEDICINE. IN ADDITION, PFF EMPLOYS FULL-TIME RESEARCH FACULTY. CURRENTLY, THE PRESIDENT OF PFF ALSO SERVES AS THE CHAIRMAN OF THE DEPARTMENT OF MEDICINE AT LURIE CHILDREN'S AND THE CHAIRMAN OF THE DEPARTMENT OF PEDIATRICS OF NORTHWESTERN UNIVERSITY FEINBERG SCHOOL OF MEDICINE ("NUFSM"). VIRTUALLY ALL OF THOSE PFF PHYSICIANS WHO ARE THE FULL-TIME HOSPITAL-BASED MEDICAL STAFF (EXCLUDING FELLOWS) HOLD FACULTY APPOINTMENTS AT NUFSM. LURIE CHILDREN'S PEDIATRIC-SPECIALIST PHYSICIANS (WHICH INCLUDE PFF PHYSICIANS) PROVIDE A SUBSTANTIAL PORTION OF THE SPECIALTY CARE TO CHILDREN INSURED BY THE STATE OF ILLINOIS' ALL KIDS PROGRAM. IN ADDITION, LURIE CHILDREN'S IS THE PEDIATRIC TRAINING CENTER OF NUFSM, PROVIDING RESIDENCIES IN BOTH PEDIATRICS AND PEDIATRIC SURGERY. EACH YEAR, LURIE CHILDREN'S DEPARTMENT OF PEDIATRICS, THROUGH THE PFF PHYSICIANS, TRAINS OVER 200 PHYSICIANS. ALMOST HALF ARE PEDIATRIC RESIDENTS, AND THE REMAINDER ARE FELLOWS IN VARIOUS PEDIATRIC SUB-SPECIALTIES INCLUDING CARDIOLOGY, HEMATOLOGY/ONCOLOGY AND NEONATOLOGY. PFF PROVIDES SERVICES REGARDLESS OF THE PATIENT'S ABILITY TO PAY. IT ACCEPTS PATIENTS COVERED BY MEDICARE AND MEDICAID AND PROVIDES FINANCIAL ASSISTANCE UNDER ITS FINANCIAL ASSISTANCE POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Kelleher MD Physican | 40 | $995,056 | |
Matthew Davis MD Ex-Off Dir/pres/chr Of Pediatr | OfficerTrustee | 40 | $682,661 |
Bradley S Marino MD Physician | 40 | $499,327 | |
Aaron Hamvas MD Physician | 40 | $492,788 | |
Stuart Berger MD Physician | 40 | $486,551 | |
Stewart Goldman MD Physician Until 03/26/21 | 40 | $485,438 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Well Care Neonatologists Sc Physician Services | 8/30/21 | $1,751,701 |
Medpartners Locum Tenens Llc Temp Labor | 8/30/21 | $289,435 |
Northwestern Memorial Physician Services | 8/30/21 | $2,832,424 |
Conifer Physician Services Inc Billing Services | 8/30/21 | $4,811,040 |
Northwestern Medical Group Physician Services | 8/30/21 | $119,527 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $46,939,432 |
| Government grants | $1,340,539 |
| 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 | $48,279,971 |
| Total Program Service Revenue | $175,940,716 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $224,220,687 |
| 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. | $668,083 |
| Compensation of current officers, directors, key employees. | $11,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,560,971 |
| Pension plan accruals and contributions | $10,056,709 |
| Other employee benefits | $11,550,438 |
| Payroll taxes | $7,600,496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,674 |
| 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 | $1,693,632 |
| Advertising and promotion | $0 |
| Office expenses | $83,695 |
| Information technology | $71,480 |
| Royalties | $0 |
| Occupancy | $5,734,669 |
| Travel | $13,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $944,858 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,571,196 |
| All other expenses | $948,609 |
| Total functional expenses | $218,432,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,131,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $940,286 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,071,460 |
| Accounts payable and accrued expenses | $18,368,438 |
| 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 | $0 |
| Total liabilities | $18,368,438 |
| Net assets without donor restrictions | $4,703,022 |
| Net assets with donor restrictions | $0 |
| 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 | $23,071,460 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pediatric Faculty Foundation In has recieved totaling $46,939,432.
| Awarding Organization | Amount |
|---|---|
Ann & Robert H Lurie Childrens Hospital Of Chicago Chicago, IL PURPOSE: MISSION SUPPORT | $37,631,019 |
Ann & Robert H Lurie Childrens Hospital Of Chicago Chicago, IL PURPOSE: RELEASED FROM RESTRICTION | $9,308,413 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pediatric Faculty Foundation In Chicago, IL | $23,071,460 | $224,220,687 |
American Academy Of Pediatrics Inc Itasca, IL | $169,596,675 | $118,267,016 |
Rockhill Orthopaedic Specialists Inc Kansas City, MO | $4,683,585 | $22,094,937 |
Catalpa Health Inc Appleton, WI | $11,171,079 | $11,704,866 |
Pediatric Orthopaedic Society Of North America Oakbrook Terreace, IL | $18,097,224 | $3,762,157 |
Illinois Chapter Of American Academy Of Pediatrics Chicago, IL | $1,044,548 | $1,467,134 |
International Pediatric Nephrology Association Hospital Kansas City, MO | $2,376,792 | $907,075 |
American Society Of Pediatric Otolaryngology Inc Chicago, IL | $2,869,338 | $442,103 |
Crsa Clinical Robotic Surgery Association Chicago, IL | $330,712 | $472,660 |
Pediatric Research In Sports Medicine Society Inc Milwaukee, WI | $497,836 | $271,478 |
Wisconsin Chapter Of The American Academy Of Pediatrics Inc Oconomowoc, WI | $170,393 | $268,787 |
American Academy Of Pediatrics Jefferson City, MO | $209,779 | $0 |