Seattle Childrens Healthcare System

Organization Overview

Seattle Childrens Healthcare System is located in Seattle, WA. The organization was established in 1984. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 09/2021, Seattle Childrens Healthcare System employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle Childrens Healthcare System 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 09/2021, Seattle Childrens Healthcare System generated $122.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $18.5m during the year ending 09/2021. While expenses have increased by 13.4% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PROVISION OF QUALITY HEALTH CARE SERVICES TO INFANTS, CHILDREN AND ADOLESCENTS.

Describe the Organization's Program Activity:

SEATTLE CHILDREN'S HEALTHCARE SYSTEM'S PROGRAM OPERATING COSTS ARE RELATED TO ACTIVITIES INCURRED TO PROVIDE, DIRECTLY OR INDIRECTLY, HEALTH CARE OR HEALTH RELATED SERVICES APPROPRIATE FOR THE SPECIAL NEEDS OF INFANTS, CHILDREN AND ADOLESCENTS, DELIVERING AND IMPROVING THE DELIVERY OF THOSE SERVICES AND/OR THE QUALITY OF THOSE SERVICES THROUGH RESEARCH, EDUCATION, AND CHILD ADVOCACY. PROGRAM REVENUE IS PRIMARILY RELATED TO SEATTLE CHILDREN'S HEALTHCARE SYSTEM'S PROGRAM RELATED JOINT VENTURE WITH SEATTLE CANCER CARE ALLIANCE (SCCA), A NOT-FOR-PROFIT CORPORATION FORMED IN 1998 BY SEATTLE CHILDREN'S HEALTHCARE SYSTEM, THE UNIVERSITY OF WASHINGTON SCHOOL OF MEDICINE, AND FRED HUTCHINSON CANCER RESEARCH CENTER FOR THE PURPOSE OF OFFERING A COMPREHENSIVE PROGRAM OF INTEGRATED CANCER CARE SERVICES.


OCCUPANCY AND OTHER COSTS RELATED TO THE OPERATION OF THE SAND POINT CLINIC BUILDING WHICH IS RENTED TO SEATTLE CHILDREN'S HOSPITAL. THE RENTED SPACE IS USED TO DELIVER HEALTHCARE SERVICES TO INFANTS, CHILDREN AND ADOLESCENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Highclere International Investors
Investment Management
$516,304
Centerbridge Capital Partners Iii Lp
Investment Management
$438,289
Sanderson Asset Management
Investment Management
$450,434
Wellington Management Company Llp
Investment Management
$293,077
Kpmg Llp
Auditing And Consulting
$158,320
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$4,986,352
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $1,600,712
Total Revenue from Contributions, Gifts, Grants & Similar$4,986,352
Total Program Service Revenue$51,453,179
Investment income $3,160,226
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$469
Net Gain/Loss on Asset Sales $62,984,095
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $122,583,383

Grants Awarded

Over the last fiscal year, Seattle Childrens Healthcare System has awarded $2,525,696 in support to 4 organizations.

Grant RecipientAmount

GAPPS (GLOBAL ALLIANCE TO PREVENT PREMATURITY AND STILLBIRTH)

Org PageRecipient Profile

Lynnwood, WA

PURPOSE: SUPPORT OF MISSION TO IMPROVE BIRTH OUTCOMES WORLDWIDE

$1,000,000

GAPPS (GLOBAL ALLIANCE TO PREVENT PREMATURITY AND STILLBIRTH)

Org PageRecipient Profile

Lynnwood, WA

PURPOSE: SUPPORT OF MISSION TO IMPROVE BIRTH OUTCOMES WORLDWIDE

$1,000,000

CHILDREN'S RETAIL

Org PageRecipient Profile

Seattle, WA

PURPOSE: UNRESTRICTED DONATION TO AFFILIATE

$262,848

CHILDREN'S RETAIL

Org PageRecipient Profile

Seattle, WA

PURPOSE: UNRESTRICTED DONATION TO AFFILIATE

$262,848
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Seattle Childrens Healthcare System has recieved totaling $32,252.

Awarding OrganizationAmount
Rogers Wo & Wm O Memorial Fund

Dallas, TX

PURPOSE: SUPPORT FOR MEDICAL

$32,252
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$484,176,000
Earnings$129,530,000
Net Contributions$404,000
Other Expense$4,124,000
Ending Balance$609,986,000

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