Childrens Hospital Los Angeles
- Assets
- $2.4b
- Revenue
- $1.4b
- Investments
- $3.4m
- Employees
- 7,303
- Location
- Los Angeles, CA
- Founding
- 05/1967
- Data as of
- 06/2020
- EIN
- 95-1690977
Organization Overview
Childrens Hospital Los Angeles is located in Los Angeles, CA. The organization was established in 1967. 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 06/2020, Childrens Hospital Los Angeles employed 7,303 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Childrens Hospital Los Angeles generated $1.4b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.3b during the year ending 06/2020. While expenses have increased by 5.2% 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, Childrens Hospital Los Angeles has awarded 81 individual grants totaling $18,996,603. 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
PROMOTION AND ADVANCEMENT OF CHILDREN'S HEALTH THROUGH PATIENT CARE, RESEARCH, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL CARE PROVIDED TO CHILDREN:IT IS THE POLICY OF THE HOSPITAL TO STRIVE TO MAINTAIN QUALITY HEALTH CARE DELIVERY IN A MANNER THAT RESPECTS THE DIGNITY OF THE INDIVIDUAL AND FAMILY, REGARDLESS OF THE ABILITY TO PAY. UNDER THE HOSPITAL'S POLICY, MEDICAL CARE MAY BE PROVIDED WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES TO PEOPLE WHO ARE UNINSURED OR UNDERINSURED AND CANNOT AFFORD TO PAY FOR THEIR OWN MEDICAL CARE. THE HOSPITAL PROVIDES ADDITIONAL COMMUNITY SUPPORT BY PROVIDING CARE TO PATIENTS WHO PARTICIPATE IN PROGRAMS, LIKE MEDI-CAL, THAT DO NOT PAY FULL CHARGES. APPROXIMATELY THREE-FOURTHS OF THE HOSPITAL'S PATIENTS ARE COVERED BY MEDI-CAL PROGRAMS.
GRADUATE MEDICAL EDUCATION PROVIDES TRAINING AND EDUCATION TO MEDICAL STUDENTS IN LOS ANGELES COUNTY WHO, IN TURN, PROVIDE SERVICES TO PATIENTS AT THE HOSPITAL. ALSO, INCLUDES EDUCATION REVENUE FROM THE RESIDENCY AND FELLOWSHIP PROGRAMS AT CHLA. THE HOSPITAL SUBSIDIZES A LARGE PART OF THE COST OF TRAINING PHYSICIANS, ALLIED HEALTH PROFESSIONALS, AND OTHER HEALTH CARE WORKERS IN ITS EMERGENCY ROOM, CLINICS, INPATIENT AREAS, AND OTHER PARTS OF ITS FACILITIES.
RESEARCH REVENUES FURTHER THE EXEMPT PURPOSE OF CHLA BY PROVIDING THE PATIENTS OF CHLA ACCESS TO NEW TECHNOLOGIES, DISCOVERIES AND MEDICATIONS FOR TREATMENT. RESULTS OF THIS RESEARCH IS DISSEMINATED THROUGH PUBLICATIONS IN SCIENTIFIC JOURNALS AND PRESENTATIONS BY THE PRINCIPAL INVESTIGATORS. THE HOSPITAL SUBSIDIZES A LARGE PART OF THE COST OF MEDICAL RESEARCH TAKING PLACE IN ITS FACILITIES.
OTHER PROGRAM SERVICE REVENUES ALSO INCLUDE RESIDENTS HOUSING AND MISCELLANEOUS TUITION AND EDUCATION INCOME.
MEDICAL CARE PROVIDED TO CHILDREN:IT IS THE POLICY OF THE HOSPITAL TO STRIVE TO MAINTAIN QUALITY HEALTH CARE DELIVERY IN A MANNER THAT RESPECTS THE DIGNITY OF THE INDIVIDUAL AND FAMILY, REGARDLESS OF THE ABILITY TO PAY. UNDER THE HOSPITAL'S POLICY, MEDICAL CARE MAY BE PROVIDED WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES TO PEOPLE WHO ARE UNINSURED OR UNDERINSURED AND CANNOT AFFORD TO PAY FOR THEIR OWN MEDICAL CARE. THE HOSPITAL PROVIDES ADDITIONAL COMMUNITY SUPPORT BY PROVIDING CARE TO PATIENTS WHO PARTICIPATE IN PROGRAMS, LIKE MEDI-CAL, THAT DO NOT PAY FULL CHARGES. APPROXIMATELY THREE-FOURTHS OF THE HOSPITAL'S PATIENTS ARE COVERED BY MEDI-CAL PROGRAMS.
GRADUATE MEDICAL EDUCATION PROVIDES TRAINING AND EDUCATION TO MEDICAL STUDENTS IN LOS ANGELES COUNTY WHO, IN TURN, PROVIDE SERVICES TO PATIENTS AT THE HOSPITAL. ALSO, INCLUDES EDUCATION REVENUE FROM THE RESIDENCY AND FELLOWSHIP PROGRAMS AT CHLA. THE HOSPITAL SUBSIDIZES A LARGE PART OF THE COST OF TRAINING PHYSICIANS, ALLIED HEALTH PROFESSIONALS, AND OTHER HEALTH CARE WORKERS IN ITS EMERGENCY ROOM, CLINICS, INPATIENT AREAS, AND OTHER PARTS OF ITS FACILITIES.
RESEARCH REVENUES FURTHER THE EXEMPT PURPOSE OF CHLA BY PROVIDING THE PATIENTS OF CHLA ACCESS TO NEW TECHNOLOGIES, DISCOVERIES AND MEDICATIONS FOR TREATMENT. RESULTS OF THIS RESEARCH IS DISSEMINATED THROUGH PUBLICATIONS IN SCIENTIFIC JOURNALS AND PRESENTATIONS BY THE PRINCIPAL INVESTIGATORS. THE HOSPITAL SUBSIDIZES A LARGE PART OF THE COST OF MEDICAL RESEARCH TAKING PLACE IN ITS FACILITIES.
OTHER PROGRAM SERVICE REVENUES ALSO INCLUDE RESIDENTS HOUSING AND MISCELLANEOUS TUITION AND EDUCATION INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul S Viviano Director, President And CEO | OfficerTrustee | 55 | $1,316,107 |
Mark D Krieger MD Director, Faculty Physician | Trustee | 40 | $812,759 |
Lara Khouri Svp, Chief Strategy Officer | Officer | 55 | $735,874 |
Nancy Lee Svp, Chief Clinical Officer | Officer | 55 | $702,173 |
M Scott Lieberenz Svp, Chief Financial Officer | Officer | 55 | $699,849 |
James Stein MD Svp, Chief Medical Officer | Officer | 55 | $696,161 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food And Housekeeping Services | 6/29/20 | $13,379,360 |
Amn Healthcare Inc Healthcare Workforce Management | 6/29/20 | $15,794,365 |
Cerner Corporation Technology Services | 6/29/20 | $11,640,505 |
Comforce Technical Services Inc Healthcare Workforce Management | 6/29/20 | $6,771,974 |
Nthrive Inc Revenue Cycle Services | 6/29/20 | $4,174,398 |
Amn Healthcare Inc Healthcare Workforce Management | 6/29/20 | $15,794,365 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $340,501 |
| Related organizations | $0 |
| Government grants | $41,061,023 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,826,045 |
| Noncash contributions included in lines 1a–1f | $3,606,613 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,227,569 |
| Total Program Service Revenue | $1,127,120,467 |
| Investment income | $19,402,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $205,639 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,843,656 |
| Net Income from Fundraising Events | -$48,187 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,425,966,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,081,501 |
| 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. | $7,832,639 |
| Compensation of current officers, directors, key employees. | $5,766,978 |
| Compensation to disqualified persons | $178,568 |
| Other salaries and wages | $573,879,788 |
| Pension plan accruals and contributions | $11,956,286 |
| Other employee benefits | $51,943,763 |
| Payroll taxes | $39,763,083 |
| Fees for services: Management | $3,239,181 |
| Fees for services: Legal | $7,982,779 |
| Fees for services: Accounting | $625,200 |
| Fees for services: Lobbying | $323,244 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $694,613 |
| Fees for services: Other | $206,581,495 |
| Advertising and promotion | $7,738,322 |
| Office expenses | $177,044,460 |
| Information technology | $38,259,971 |
| Royalties | $912,205 |
| Occupancy | $25,867,330 |
| Travel | $1,931,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,421,063 |
| Interest | $19,555,809 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,724,870 |
| Insurance | $5,680,117 |
| All other expenses | $8,902,371 |
| Total functional expenses | $1,325,908,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,000 |
| Savings and temporary cash investments | $122,033,701 |
| Pledges and grants receivable | $109,850,000 |
| Accounts receivable, net | $239,971,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $696,808 |
| Inventories for sale or use | $13,106,908 |
| Prepaid expenses and deferred charges | $13,461,725 |
| Net Land, buildings, and equipment | $976,488,302 |
| Investments—publicly traded securities | $721,360,416 |
| Investments—other securities | $3,381,613 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $215,895,576 |
| Total assets | $2,416,252,249 |
| Accounts payable and accrued expenses | $171,943,929 |
| Grants payable | $0 |
| Deferred revenue | $22,815,685 |
| Tax-exempt bond liabilities | $459,549,440 |
| 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 | $81,738,401 |
| Total liabilities | $736,047,455 |
| Net assets without donor restrictions | $1,212,070,273 |
| Net assets with donor restrictions | $468,134,521 |
| 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 | $2,416,252,249 |
Grants Awarded
Over the last fiscal year, Childrens Hospital Los Angeles has awarded $6,163,002 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA HEALTH FOUNDATION AND TRUST PURPOSE: Support charitable activities at hospitals and health systems in California | $2,135,101 |
CALIFORNIA HEALTH FOUNDATION AND TRUST PURPOSE: Support charitable activities at hospitals and health systems in California | $2,135,101 |
Los Angeles, CA PURPOSE: Donation | $500,000 |
Los Angeles, CA PURPOSE: Donation | $500,000 |
New York, NY PURPOSE: Primary Care Leadership Program Support and Donations | $287,500 |
New York, NY PURPOSE: Primary Care Leadership Program Support and Donations | $287,500 |
Grants Recieved
Over the last fiscal year, we have identified 126 grants that Childrens Hospital Los Angeles has recieved totaling $2,737,351.
| Awarding Organization | Amount |
|---|---|
Higgins Family Charitable Foundation Dallas, TX PURPOSE: SUPPORT TACL PROPOSAL | $400,000 |
1 Million 4 Anna Foundation Addison, TX PURPOSE: EWINGS RESEARCH | $250,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $231,846 |
The Patrick And Catherine Donaghue Medical Research Foundation West Hartford, CT PURPOSE: COYOT1 TO CALIFORNIA TELEMEDICINE | $200,928 |
Higgins Family Charitable Foundation Dallas, TX PURPOSE: HUGH DANIEL MOSS FELLOWSHIP | $135,000 |
Ronald W Burkle Foundation Los Angeles, CA PURPOSE: RON BURKLE LABORATORY RESEARCH ENDOWMENT | $100,000 |
Endowment Analysis
| Beg. Balance | $613,593,715 |
| Earnings | $18,292,383 |
| Net Contributions | $79,575,519 |
| Other Expense | $61,194,671 |
| Ending Balance | $650,266,946 |
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 |
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 |
Rehabilitation Hospital Of The Pacific Honolulu, HI | $86,769,518 | $48,059,109 |
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 |
Doernbecher Childrens Hospital Foundation Portland, OR | $92,737,460 | $15,494,612 |