Childrens Hospital
- Assets
- $2.2b
- Revenue
- $1.3b
- Investments
- $14.1m
- Employees
- 8,513
- Location
- Washington, DC
- Founding
- 11/1997
- Data as of
- 06/2021
- EIN
- 53-0196580
Organization Overview
Childrens Hospital, operating under the name Children's National Hospital, is located in Washington, DC. The organization was established in 1997. 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 06/2021, Children's National Hospital employed 8,513 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children's National Hospital 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 06/2021, Children's National Hospital generated $1.3b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.3b during the year ending 06/2021. While expenses have increased by 2.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
CHILDREN'S HOSPITAL DBA CHILDREN'S NATIONAL HOSPITAL OPERATES AN ACUTE CARE PEDIATRIC AND TEACHING FACILITY IN WASHINGTON, DC. THE HOSPITAL PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES. CHILDREN'S NATIONAL MEDICAL CENTER DBA CHILDREN'S NATIONAL IS THE PARENT COMPANY OF THE HOSPITAL. CHILDREN'S NATIONAL AND ITS AFFILIATES PROVIDE HEALTHCARE SERVICES TO INFANTS, CHILDREN, AND YOUTH IN WASHINGTON, DC AND THE SURROUNDING METROPOLITAN AREA. SEE SCHEDULE H, PART VI FOR COMPLETE FY21 COMMUNITY BENEFIT REPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Jonas MD Chief Of Cardiology | 55 | $2,523,554 | |
Kurt D Newman MD President / CEO (cnmc) | OfficerTrustee | 39 | $2,128,231 |
Elizabeth Flury Chief Strategic Officer To 08/20 | Officer | 53 | $1,499,585 |
Anthony Sandler MD SVP Center Of Excellence | Officer | 37 | $1,479,905 |
Denice Cora-Bramble MD Chief Medical Officer To 03/21 | Officer | 48 | $1,241,502 |
Kathleen Chavanu Gorman Chief Operating Officer | Officer | 52 | $1,206,561 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation It | 6/29/21 | $30,740,936 |
Laz Karp Associates Llc Parking | 6/29/21 | $3,073,346 |
Georgetown University Hospital Purchased Medical Services | 6/29/21 | $1,612,986 |
Morrison Management Specialist Llc Purchased Food Services | 6/29/21 | $1,917,110 |
Quest Diagnostic Clinical Lab Inc Lab Testing | 6/29/21 | $1,608,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $19,145,204 |
| Government grants | $33,962,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,431,959 |
| Noncash contributions included in lines 1a–1f | $794,839 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,540,048 |
| Total Program Service Revenue | $1,253,800,132 |
| Investment income | $8,622,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,372,397 |
| Net Gain/Loss on Asset Sales | $3,717,723 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,322,928,528 |
| 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. | $14,555,219 |
| Compensation of current officers, directors, key employees. | $13,822,107 |
| Compensation to disqualified persons | $158,655 |
| Other salaries and wages | $623,443,239 |
| Pension plan accruals and contributions | $24,951,876 |
| Other employee benefits | $57,793,418 |
| Payroll taxes | $42,069,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,497,805 |
| Fees for services: Accounting | $1,573,209 |
| Fees for services: Lobbying | $492,225 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $349,626 |
| Fees for services: Other | $65,989,554 |
| Advertising and promotion | $5,530,915 |
| Office expenses | $13,134,204 |
| Information technology | $68,959,284 |
| Royalties | $0 |
| Occupancy | $27,864,243 |
| Travel | $350,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $210,391 |
| Interest | $26,938,294 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,916,332 |
| Insurance | $19,416,379 |
| All other expenses | $0 |
| Total functional expenses | $1,281,104,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,361,549 |
| Pledges and grants receivable | $2,240,981 |
| Accounts receivable, net | $328,824,144 |
| Loans from Officers, Directors, or Controlling Persons | $100,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,636,328 |
| Prepaid expenses and deferred charges | $54,911,176 |
| Net Land, buildings, and equipment | $801,728,104 |
| Investments—publicly traded securities | $239,232,220 |
| Investments—other securities | $14,050,171 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $653,978,999 |
| Total assets | $2,170,063,672 |
| Accounts payable and accrued expenses | $234,185,952 |
| Grants payable | $0 |
| Deferred revenue | $4,464,912 |
| Tax-exempt bond liabilities | $370,399,269 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $352,790,642 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $382,113,617 |
| Total liabilities | $1,343,954,392 |
| Net assets without donor restrictions | $826,109,280 |
| 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 | $2,170,063,672 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Childrens Hospital has recieved totaling $1,144,867.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: RESEARCH | $428,144 |
Tracys Kids Inc Bethesda, MD PURPOSE: to support the Tracy's Kids art therapy program | $153,823 |
W R Winslow Residuary Trust Las Vegas, NV PURPOSE: CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATION PURPOSES. | $136,700 |
Brett Boyer Foundation Inc Nashville, TN PURPOSE: TO FUND RESEARCH TO ADVANCE TREATMENT OPTIONS FOR CONGENTIAL HEART DISEASE | $98,372 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $78,770 |
International Foundation For Cdkl5 Research Wadsworth, OH PURPOSE: Research | $67,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johns Hopkins All Childrens Hospital Inc Baltimore, MD | $1,077,010,890 | $544,193,732 |
Childrens Hospital Of The Kings Daughters Inc Norfolk, VA | $1,001,729,901 | $558,372,674 |
Kennedy Krieger Childrens Hospital Inc Baltimore, MD | $114,821,900 | $196,446,464 |
National Rehabilitation Hospital Inc Washington, DC | $118,578,830 | $161,594,104 |
Levindale Hebrew Geriatric Ctr & Hospital Inc Baltimore, MD | $101,881,010 | $76,269,735 |
Mt Washington Pediatric Hospital Inc Baltimore, MD | $171,025,864 | $70,608,912 |
Hospital For Sick Children Washington, DC | $36,862,073 | $28,570,843 |
Vcu Health Childrens Services At Brook Road Richmond, VA | $19,176,582 | $27,282,070 |
Richmond Eye & Ear Healthcare Alliance Richmond, VA | $40,781,777 | $12,266,092 |
Womens Hospital Foundation Inc Towson, MD | $44,995,438 | $1,423,549 |
Hospital For Consumptives Of Maryland Baltimore, MD | $74,694,107 | $8,865,639 |
Robert Garrett Fund For The Surgical Treatment Of Children Baltimore, MD | $34,605,353 | $0 |