Lucile Salter Packard Childrens Hospital At Stanford
- Assets
- $4.2b
- Revenue
- $2.2b
- Investments
- $1.1b
- Employees
- 5,964
- Location
- Palo Alto, CA
- Founding
- 01/1984
- Data as of
- 08/2021
- EIN
- 77-0003859
Organization Overview
Lucile Salter Packard Childrens Hospital At Stanford is located in Palo Alto, CA. The organization was established in 1984. 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 08/2021, Lucile Salter Packard Childrens Hospital At Stanford employed 5,964 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucile Salter Packard Childrens Hospital At Stanford 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, Lucile Salter Packard Childrens Hospital At Stanford generated $2.2b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.1b during the year ending 08/2021. While expenses have increased by 8.4% 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.
Since 2015, Lucile Salter Packard Childrens Hospital At Stanford has awarded 120 individual grants totaling $9,672,999. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
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Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul King Dir., Pres & CEO | OfficerTrustee | 50 | $1,650,405 |
Dana Haering Evp & CFO | Officer | 47 | $1,096,753 |
Rick Majzun Evp & COO | Officer | 50 | $973,350 |
Edward Kopetsky SVP & Cio | Officer | 50 | $776,164 |
Anshul Pande VP & Cto | 50 | $668,187 | |
Cameron D'alpe Cao Physician Prac & CEO Pcha | Officer | 33 | $613,185 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stanford University Purchased Services | 8/30/21 | $189,720,284 |
Stanford Hospital And Clinics Medical Laboratory | 8/30/21 | $127,298,934 |
Mckesson Health Solutions Medical Supplier | 8/30/21 | $59,725,198 |
Medline Industries Inc Medical Supplier | 8/30/21 | $22,293,485 |
Alight Solutions Llc Employee Benefit Adm | 8/30/21 | $32,851,090 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $62,929 |
| Government grants | $11,112,229 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,612,729 |
| Noncash contributions included in lines 1a–1f | $913,579 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,787,887 |
| Total Program Service Revenue | $2,105,296,006 |
| Investment income | $24,404,408 |
| Tax Exempt Bond Proceeds | $28 |
| Royalties | $0 |
| Net Rental Income | $653,046 |
| Net Gain/Loss on Asset Sales | -$853,258 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,213,062,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $846,250 |
| 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. | $7,169,586 |
| Compensation of current officers, directors, key employees. | $4,112,654 |
| Compensation to disqualified persons | $166,858 |
| Other salaries and wages | $614,468,752 |
| Pension plan accruals and contributions | $56,304,893 |
| Other employee benefits | $214,602,348 |
| Payroll taxes | $46,935,261 |
| Fees for services: Management | $5,166,548 |
| Fees for services: Legal | $3,190,169 |
| Fees for services: Accounting | $662,261 |
| Fees for services: Lobbying | $28,014 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $598,228,135 |
| Advertising and promotion | $9,024,216 |
| Office expenses | $219,418,166 |
| Information technology | $21,674,553 |
| Royalties | $0 |
| Occupancy | $29,329,271 |
| Travel | $331,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,982,192 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,868,622 |
| Insurance | $9,614,369 |
| All other expenses | $23,718,546 |
| Total functional expenses | $2,062,343,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $370,377,463 |
| Pledges and grants receivable | $86,913,785 |
| Accounts receivable, net | $603,195,802 |
| Loans from Officers, Directors, or Controlling Persons | $3,958,415 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,536,441 |
| Prepaid expenses and deferred charges | $45,528,109 |
| Net Land, buildings, and equipment | $1,772,294,720 |
| Investments—publicly traded securities | $78,469,561 |
| Investments—other securities | $1,092,535,479 |
| Investments—program-related | -$87,569,346 |
| Intangible assets | $0 |
| Other assets | $255,944,948 |
| Total assets | $4,238,185,377 |
| Accounts payable and accrued expenses | $322,370,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $839,961,227 |
| 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 | $295,671,973 |
| Total liabilities | $1,458,003,700 |
| Net assets without donor restrictions | $2,103,403,597 |
| Net assets with donor restrictions | $676,778,080 |
| 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 | $4,238,185,377 |
Grants Awarded
Over the last fiscal year, Lucile Salter Packard Childrens Hospital At Stanford has awarded $860,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Redwood City, CA PURPOSE: EMPOWER YOUTH IN OUR COMMUNITY TO FIND THEIR WAY THROUGH SOCIAL-EMOTIONAL SUPPORT AND BY BUILDING SAFE, ACCEPTING COMMUNITIES. | $100,000 |
Pescadero, CA PURPOSE: SUPPORT TO IMPROVE ACCESS TO PRIMARY HEALTHCARE SERVICES | $85,000 |
Redwood City, CA PURPOSE: SUPPORT TO IMPROVE ACCESS TO PRIMARY HEALTHCARE SERVICES | $75,000 |
Santa Cruz, CA PURPOSE: SUPPORT TO IMPROVE ACCESS TO PRIMARY HEALTHCARE SERVICES | $65,000 |
Arlington, VA PURPOSE: SUPPORT MARCH OF DIMES EVENTS | $60,000 |
Watsonville, CA PURPOSE: Jacob's Heart Children's Cancer Support Services provides family-centered care that addresses the emotional, practical and financial struggles for families of children and teens during treatment, families experiencing anticipatory grief and those who are bereaved. | $60,000 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Lucile Salter Packard Childrens Hospital At Stanford has recieved totaling $2,571,415.
| Awarding Organization | Amount |
|---|---|
California Pacific Medical Center Foundation Sacramento, CA PURPOSE: PROGRAM SUPPORT | $1,893,517 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $204,036 |
The Childrens Health Fund New York, NY PURPOSE: Health Project | $137,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $130,900 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Health | $103,500 |
Childrens Brain Disease Foundation San Francisco, CA PURPOSE: TO PROVIDE SUPPORT FOR TEEN HEALTH EDUCATION AND RESEARCH | $20,000 |
Endowment Analysis
| Beg. Balance | $399,694,000 |
| Earnings | $130,731,000 |
| Net Contributions | $8,425,000 |
| Other Expense | $19,384,000 |
| Ending Balance | $519,466,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Hospital Of Orange County Orange, CA | $1,359,092,221 | $992,003,540 |
Valley Childrens Hospital Madera, CA | $1,839,248,835 | $769,133,065 |
Childrens Hospital & Research Center At Oakland Oakland, CA | $822,667,087 | $648,728,554 |
Casa Colina Hospital And Centers For Healthcare Pomona, CA | $87,824,424 | $102,811,572 |
Orthopaedic Hospital Los Angeles, CA | $321,251,598 | $66,783,859 |
Childrens Hospital At Mission Orange, CA | $55,659,576 | $65,022,734 |
Barlow Respiratory Hospital Los Angeles, CA | $108,306,008 | $66,669,998 |
Rehabilitation Hospital Of The Pacific Honolulu, HI | $92,438,994 | $51,014,066 |
Choc Foundation Orange, CA | $110,874,633 | $39,351,091 |
Hacienda Inc Phoenix, AZ | $14,483,649 | $24,771,824 |
Translational Pulmonary And Immunology Research Center Long Beach, CA | $5,349,856 | $21,502,717 |
Spectrum Medical Care Center Phoenix, AZ | $14,172,193 | $21,663,529 |