Phoenix Childrens Hospital
- Assets
- $1.7b
- Revenue
- $1.0b
- Investments
- $0.0
- Employees
- 6,252
- Location
- Phoenix, AZ
- Founding
- 03/1981
- Data as of
- 12/2019
- EIN
- 86-0422559
Organization Overview
Phoenix Childrens Hospital is located in Phoenix, AZ. The organization was established in 1981. 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, Phoenix Childrens Hospital employed 6,252 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, Phoenix Childrens Hospital generated $1.0b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $954.3m during the year ending 12/2019. While expenses have increased by 5.1% 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 2015, Phoenix Childrens Hospital has awarded 18 individual grants totaling $1,275,325. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE HOPE, HEALING AND THE BEST HEALTHCARE FOR CHILDREN AND THEIR FAMILIES.
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 |
|---|---|---|---|
Robert L Meyer Director/president & CEO | OfficerTrustee | 38 | $2,950,066 |
Daniel Velez MD Staff Physician | 40 | $1,991,227 | |
David Higginson Executive VP & COO | Officer | 40 | $1,266,574 |
Philip Adelson MD Division Chief | 40 | $1,263,708 | |
David Notrica MD Pediatric Surgeon | 40 | $1,253,247 | |
Daniel Ostlie MD Surgeon In Chief | 40 | $1,206,730 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trident Security Services Outsourcing | 12/30/19 | $3,570,435 |
Wespac Construction Constrcution | 12/30/19 | $9,306,757 |
Medefis Consolidated Inc Outsourcing | 12/30/19 | $4,990,226 |
Cbre Gws Inc Outsourcing | 12/30/19 | $4,408,615 |
Sodexo Inc And Affiliates Outsourcing | 12/30/19 | $19,704,306 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,748,065 |
| Government grants | $2,220,153 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,968,218 |
| Total Program Service Revenue | $1,003,708,015 |
| Investment income | $21,517,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,953,758 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,040,240,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $180,128 |
| 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. | $18,560,950 |
| Compensation of current officers, directors, key employees. | $18,560,950 |
| Compensation to disqualified persons | $581,650 |
| Other salaries and wages | $418,757,244 |
| Pension plan accruals and contributions | $13,074,534 |
| Other employee benefits | $58,868,888 |
| Payroll taxes | $26,428,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,505,190 |
| Fees for services: Accounting | $500,000 |
| Fees for services: Lobbying | $45,308 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $245,132 |
| Fees for services: Other | $82,998,564 |
| Advertising and promotion | $1,022,245 |
| Office expenses | $5,683,819 |
| Information technology | $1,188,597 |
| Royalties | $0 |
| Occupancy | $19,164,965 |
| Travel | $2,455,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,142,680 |
| Interest | $26,427,193 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,536,949 |
| Insurance | $8,697,969 |
| All other expenses | $21,479,342 |
| Total functional expenses | $954,317,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,397,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,814,827 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,410,000 |
| Inventories for sale or use | $17,132,241 |
| Prepaid expenses and deferred charges | $6,746,736 |
| Net Land, buildings, and equipment | $521,437,244 |
| Investments—publicly traded securities | $685,656,780 |
| Investments—other securities | $0 |
| Investments—program-related | $19,156,707 |
| Intangible assets | $14,282,219 |
| Other assets | $216,967,357 |
| Total assets | $1,698,002,089 |
| Accounts payable and accrued expenses | $109,890,868 |
| Grants payable | $0 |
| Deferred revenue | $4,039,357 |
| Tax-exempt bond liabilities | $523,890,107 |
| 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 | $397,482,334 |
| Total liabilities | $1,035,302,666 |
| Net assets without donor restrictions | $645,929,570 |
| Net assets with donor restrictions | $16,769,853 |
| 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 | $1,698,002,089 |
Grants Awarded
Over the last fiscal year, Phoenix Childrens Hospital has awarded $167,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: PROGRAM SUPORT | $152,000 |
Dallas, TX PURPOSE: PROGRAM SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Phoenix Childrens Hospital has recieved totaling $401,425.
| Awarding Organization | Amount |
|---|---|
Diane And Bruce Halle Foundation Scottsdale, AZ PURPOSE: HEALTH & MEDICINE | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $78,881 |
Prudente Family Foundation Inc Phoenix, AZ PURPOSE: CHARITABLE | $60,000 |
Truwest Credit Union Tempe, AZ PURPOSE: UNRESTRICTED | $55,500 |
Center For Comprehensive Care And Diagnosis Of Inherited Blood Santa Anna, CA PURPOSE: SUBCONTRACT HRSA GRANT SICKLE CELL TREATMENT DEMONSTRATION PROGRAM | $35,713 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $23,850 |
Endowment Analysis
| Beg. Balance | $14,198,417 |
| Earnings | $1,208,234 |
| Admin Expense | $6,489 |
| Net Contributions | $4,561,960 |
| Ending Balance | $19,962,122 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Phoenix Childrens Hospital Phoenix, AZ | $1,698,002,089 | $1,040,240,354 |
Childrens Hospital Of Orange County Orange, CA | $1,359,092,221 | $992,003,540 |
Valley Childrens Hospital Madera, CA | $1,643,182,800 | $771,174,154 |
Childrens Hospital & Research Center At Oakland Oakland, CA | $786,434,837 | $661,613,366 |
National Jewish Health Denver, CO | $349,926,000 | $331,534,080 |
Childrens Hospital At Mission Orange, CA | $40,292,163 | $78,806,065 |
Orthopaedic Hospital Los Angeles, CA | $323,104,335 | $62,362,133 |
Barlow Respiratory Hospital Los Angeles, CA | $66,043,260 | $61,370,598 |
Choc Foundation Orange, CA | $91,223,455 | $51,294,493 |
Hacienda Inc Phoenix, AZ | $18,385,069 | $29,276,396 |
Center For Comprehensive Care And Diagnosis Of Inherited Blood Santa Anna, CA | $53,330,145 | $11,525,331 |
Translational Pulmonary And Immunology Research Center Long Beach, CA | $2,773,404 | $8,634,137 |