Texas Scottish Rite Hospital For Children
- Assets
- $3.2b
- Revenue
- $307.0m
- Investments
- $97.8k
- Employees
- 1,343
- Location
- Dallas, TX
- Founding
- 02/1941
- Data as of
- 09/2020
- EIN
- 75-0818178
Organization Overview
Texas Scottish Rite Hospital For Children, operating under the name See Schedule O, is located in Dallas, TX. The organization was established in 1941. 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 09/2020, See Schedule O employed 1,343 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2020, See Schedule O generated $307.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $223.0m during the year ending 09/2020. While expenses have increased by 4.1% 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.
Since 2016, See Schedule O has awarded 14 individual grants totaling $11,680,826. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING THE LIVES OF CHILDREN WITH ORTHOPEDIC RELATED CONDITIONS THROUGH PATIENT CARE, RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT CARE TEXAS SCOTTISH RITE HOSPITAL FOR CHILDREN IS ONE OF THE NATION'S LEADING PEDIATRIC CENTERS FOR THE TREATMENT OF ORTHOPEDIC CONDITIONS, CERTAIN RELATED ARTHRITIC AND NEUROLOGICAL DISORDERS AND LEARNING DISORDERS, SUCH AS DYSLEXIA. PATIENTS RECEIVE TREATMENT REGARDLESS OF THE FAMILY'S ABILITY TO PAY. THE ORTHOPEDICS PROGRAM INCLUDES OUTPATIENT CLINIC VISITS AND INPATIENT STAYS FOR THE DIAGNOSIS AND TREATMENT OF SUCH CONDITIONS AS SCOLIOSIS, CLUBFOOT, DISLOCATED HIP, LEGG-PERTHES, LIMB-LENGTH DIFFERENCES AND LIMB DEFICIENCIES, HAND DIFFERENCES AND SPORTS INJURIES. (CONTINUED ON SCHEDULE O.)
RESEARCH THE HOSPITAL'S DEDICATED RESEARCH CENTER, THE SARAH M. AND CHARLES E. SEAY CENTER FOR MUSCULOSKELETAL RESEARCH, IS MADE UP OF SIX CENTERS OF EXCELLENCE - SCOLIOSIS AND SPINE DISORDERS, CLUBFOOT AND FOOT DISORDERS, HIP DISORDERS, LIMB LENGTH AND RECONSTRUCTION, HAND DIFFERENCES AND SPORTS MEDICINE - SUPPORTED BY RESEARCH DIVISIONS AND CORE FACILITIES. (CONTINUED ON SCHEDULE O.)
EDUCATION TEXAS SCOTTISH RITE HOSPITAL FOR CHILDREN FUNCTIONS AS A PREMIER TEACHING INSTITUTION, PROVIDING COMPREHENSIVE EDUCATION AND TRAINING TO ORTHOPEDIC RESIDENTS AND POST-GRADUATE ORTHOPEDIC FELLOWS. IN ADDITION , THE HOSPITAL CONTRIBUTES TO THE EDUCATION OF ALLIED HEALTH PROFESSIONALS BY PROVIDING CLINICAL EXPERIENCE AND DIDACTIC EDUCATION FOR STUDENTS AS WELL AS CONTINUING EDUCATION FOR HEALTH CARE PROFESSIONALS. THE HOSPITAL IS CURRENTLY AFFILIATED WITH 57 INSTITUTIONS, INCLUDING COLLEGES, UNIVERSITIES AND TECHNICAL PROGRAMS. (CONTINUED ON SCHEDULE O.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Walker President/ceo | Officer | 40 | $1,296,726 |
Karl E Rathjen MD Assist Cos (see Sch J)** | Officer | 40 | $1,262,694 |
Daniel J Sucato Mdms Chief Of Staff (see Sch J)** | Officer | 40 | $1,036,570 |
B Stephens Richards MD Cmo (see Sch J)**(ret 6/30/21) | Officer | 40 | $963,986 |
Lori A Karol MD Ret 620 Assist Cos & Coq (see Sch J)** | Officer | 40 | $875,578 |
Corey S Gill MD Orthopedic Surgeon | 40 | $761,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust Company Investment Mngmnt | 9/29/20 | $1,161,841 |
Hcbeck Ltd Construction | 9/29/20 | $11,578,145 |
Van Berkom Assoc Investment Mngmnt | 9/29/20 | $1,278,203 |
Utsw Medical Center Research & Medical | 9/29/20 | $1,527,497 |
Hks Inc Architectural | 9/29/20 | $1,071,757 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,760,625 |
| Related organizations | $0 |
| Government grants | $486,867 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,947,049 |
| Noncash contributions included in lines 1a–1f | $2,831,128 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,194,541 |
| Total Program Service Revenue | $77,516,168 |
| Investment income | $73,706,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $80,288,091 |
| Net Rental Income | $538,776 |
| Net Gain/Loss on Asset Sales | $42,446,546 |
| Net Income from Fundraising Events | -$385,970 |
| Net Income from Gaming Activities | $8,076 |
| Net Income from Sales of Inventory | $2,289,446 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $306,973,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,751,923 |
| 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. | $11,801,675 |
| Compensation of current officers, directors, key employees. | $6,965,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,437,286 |
| Pension plan accruals and contributions | $8,121,378 |
| Other employee benefits | $10,066,487 |
| Payroll taxes | $5,642,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $577,174 |
| Fees for services: Accounting | $750,452 |
| Fees for services: Lobbying | $31,364 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,796,051 |
| Fees for services: Other | $10,293,259 |
| Advertising and promotion | $3,750,985 |
| Office expenses | $7,806,008 |
| Information technology | $8,548,112 |
| Royalties | $0 |
| Occupancy | $6,118,632 |
| Travel | $314,235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150,454 |
| Interest | $491,508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,382,535 |
| Insurance | $1,040,503 |
| All other expenses | $33,538 |
| Total functional expenses | $222,959,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,138,643 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,356,316 |
| Accounts receivable, net | $29,152,082 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,203 |
| Inventories for sale or use | $3,962,553 |
| Prepaid expenses and deferred charges | $8,090,186 |
| Net Land, buildings, and equipment | $300,219,563 |
| Investments—publicly traded securities | $2,794,035,441 |
| Investments—other securities | $97,795 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,863,884 |
| Total assets | $3,238,922,666 |
| Accounts payable and accrued expenses | $24,787,797 |
| Grants payable | $0 |
| Deferred revenue | $463,918 |
| Tax-exempt bond liabilities | $23,000,000 |
| 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 | $218,328,301 |
| Total liabilities | $266,580,016 |
| Net assets without donor restrictions | $2,836,073,082 |
| Net assets with donor restrictions | $136,269,568 |
| 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 | $3,238,922,666 |
Grants Awarded
Over the last fiscal year, Texas Scottish Rite Hospital For Children has awarded $1,751,923 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: DALLAS COUNTY INDIGENT CARE | $1,660,339 |
Dallas, TX PURPOSE: MEDICAL CARE AND RESEARCH | $91,584 |
Grants Recieved
Over the last fiscal year, we have identified 55 grants that Texas Scottish Rite Hospital For Children has recieved totaling $843,324.
| Awarding Organization | Amount |
|---|---|
Hoblitzelle Foundation Dallas, TX PURPOSE: TO SUPPORT CAPITAL IMPROVEMENTS THE DALLAS HOSPITAL, AS PART OF THE BOUNDLESS CAMPAIGN | $250,000 |
Hoblitzelle Foundation Dallas, TX PURPOSE: TO SUPPORT CAPITAL IMPROVEMENTS THE DALLAS HOSPITAL, AS PART OF THE BOUNDLESS CAMPAIGN | $250,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $85,520 |
Raymond James Charitable Endowment Fund St Petersburg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $43,272 |
Charles H Mahan Charitable Lead Tr Chicago, IL PURPOSE: GENERAL OPERATING | $33,088 |
Salehi Family Foundation Midland, TX PURPOSE: TO HELP FUND THE MISSION OF THE ORGANIZATION. | $25,000 |
Endowment Analysis
| Beg. Balance | $2,061,276,404 |
| Earnings | $150,231,493 |
| Net Contributions | $10,690,156 |
| Other Expense | $6,093,330 |
| Ending Balance | $2,216,104,723 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arkansas Childrens Hospital Little Rock, AR | $970,496,679 | $646,443,005 |
Womans Hospital Foundation Baton Rouge, LA | $848,940,512 | $554,157,491 |
Cook Childrens Physician Network Fort Worth, TX | $51,062,651 | $358,666,178 |
Childrens Hospital Inc New Orleans, LA | $1,883,156,358 | $401,685,069 |
Driscoll Childrens Hospital Corpus Christi, TX | $1,661,328,690 | $452,995,807 |
Texas Scottish Rite Hospital For Children Dallas, TX | $3,238,922,666 | $306,973,040 |
Cancer Centers Of Southwest Oklahoma Llc Lawton, OK | $32,318,055 | $43,660,378 |
The West Texas Rehabilitation Center Abilene, TX | $15,354,510 | $30,526,027 |
United Methodist Behavioral Health System Inc Little Rock, AR | $17,607,171 | $27,834,848 |
Santa Rosa Childrens Hospital Foundation San Antonio, TX | $41,045,864 | $7,536,211 |
Hendrick Anethesia Network Abilene, TX | $1,291,974 | $9,599,193 |
Leo N Levi Memorial Hospital Association Hot Springs, AR | $6,718,755 | $10,356,724 |