Driscoll Childrens Hospital

Organization Overview

Driscoll Childrens Hospital is located in Corpus Christi, TX. The organization was established in 1991. 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 08/2019, Driscoll Childrens Hospital employed 1,972 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 08/2019, Driscoll Childrens Hospital generated $453.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $309.8m during the year ending 08/2019. While expenses have increased by 2.8% 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

REMEMBERING ALWAYS OUR COMMITMENT TO RELIEVE SUFFERING AND MEET THE NEEDS OF CHILDREN; IT IS OUR MISSION TO OFFER HOPE & HEALING IN AN ENVIRONMENT OF TRUST, COMPASSION, & CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVISION OF HIGH QUALITY HOSPITAL, MEDICAL, AND NURSING SERVICES TO CHILDREN IN THE SURROUNDING SOUTH TEXAS REGION WITHOUT REGARD TO THE ABILITY TO PAY. CARE IS PERFORMED ON BOTH AN INPATIENT AND AN OUTPATIENT BASIS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sigma Sol Inc
Consulting/it Svcs
$4,630,959
Fulton Construction Corpcoastcon C
Construction Svcs
$19,600,152
Completerx Ltd
Pharmaceutical Svcs
$5,243,321
Sodexo Services Of Texas Lp
Management Services
$3,636,884
University Of Texas Medical Branch
Physicians/teach/lab
$7,921,826
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$7,805,292
Investment income $35,082,707
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $3,031,921
Net Gain/Loss on Asset Sales $56,224,911
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $452,995,807

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Driscoll Childrens Hospital has recieved totaling $100,500.

Awarding OrganizationAmount
Reach Out And Read Inc

Boston, MA

PURPOSE: ENCOURAGE READING

$62,500
Kiewit Companies Foundation

Milwaukee, WI

PURPOSE: GENERAL OPERATING

$23,000
Yvonne H Simard Foundation

Corpus Christi, TX

PURPOSE: CHILDRENS HEALTH PROGRAMS

$10,000
Dr And Mrs Hugh A Kennedy Foundation

Corpus Christi, TX

PURPOSE: GENERAL SUPPORT

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,549,844
Earnings$356,024
Net Contributions$437,350
Ending Balance$11,343,218

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