Variety Childrens Hospital

Variety Childrens Hospital Overview

Variety Childrens Hospital, operating under the name Nicklaus Children's Hospital, is located in Miami, FL. The organization was established in 1951. 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 12/2019, Nicklaus Children's Hospital employed 4,051 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Nicklaus Children's Hospital generated $644.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $645.0m during the year ending 12/2019. While expenses have increased by 3.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

THE HOSPITAL PROVIDES SPECIALIZED PEDIATRIC HEALTH CARE TO CHILDREN REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, AGE, OR ABILITY TO PAY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VARIETY CHILDREN'S HOSPITAL, ESTABLISHED IN 1950, OWNS AND OPERATES A PEDIATRIC SPECIALTY HOSPITAL NOW KNOWN AS NICKLAUS CHILDREN'S HOSPITAL. THE HOSPITAL IS ONE OF THE LARGEST FREESTANDING PEDIATRIC TEACHING HOSPITALS IN THE SOUTHEASTERN UNITED STATES. IT PROVIDES SPECIALIZED PEDIATRIC HEALTHCARE FOR CHILDREN REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, AGE OR ABILITY TO PAY. THE HOSPITAL HAS 309 LICENSED BEDS CONSISTING OF 289 GENERAL ACUTE-CARE BEDS AND 20 PSYCHIATRIC BEDS. NICKLAUS CHILDREN'S HOSPITAL SERVES AS A REFERRAL CENTER FOR CHILDREN WITH COMPLEX, CRITICAL OR LIFE-THREATENING ILLNESSES REQUIRING SPECIALIZED CARE. IT HAS A STATE-DESIGNATED PEDIATRIC TRAUMA CENTER. MANY PATIENTS ARE REFERRED BY OTHER HOSPITALS REGARDLESS OF THE EXISTENCE OF FORMAL ARRANGEMENTS.. (CONTINUED ON SCHEDULE O)


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Variety Childrens Hospital Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Vice Chairman
$0

Variety Childrens Hospital Vendors

Vendor Name (Service)Compensation
Childrens Anesthesia Assoc Inc
Physician Services
$1,499,647
Miami Associates In Pediatric Surgery Pa
Physician Services
$1,148,319
Kidz Medical Services Inc
Physician Services
$808,366
Proietto Painting Inc
Painting Services
$747,900
Robins & Morton Group
Construction
$664,534
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$5,264,187
Government grants $64,550
All other contributions, gifts, grants, and similar amounts not included above$208,965
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,537,702
Total Program Service Revenue$584,866,437
Investment income $11,865,665
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,396,586
Net Gain/Loss on Asset Sales $17,126,628
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,197,390
Miscellaneous Revenue$0
Total Revenue $644,811,272

Variety Childrens Hospital Grants Recieved

Over the last fiscal year, we have identified 1 grants that Variety Childrens Hospital has recieved totaling $6,000.

Awarding OrganizationAmount
Trinity Credit Counseling Inc

Cincinnati, OH

PURPOSE: GENERAL SUPPORT OF THE ORGANIZATION

$6,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$49,642,017
Earnings$4,248,769
Net Contributions$543,923
Other Expense$3,519,397
Ending Balance$50,915,312

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