CHILDRENS HOSPITAL CORPORATION Charity Report

Public IRS 990 nonprofit record

CHILDRENS HOSPITAL CORPORATION

EIN 04-2774441 · Health Care (E240)

What they do

Provider of Pediatric Healthcare, Education, Research & Community Service

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders46 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

84.46%of revenue went to mission work84.8% of expenses · Program services

1.39%of revenue went to fundraising1.4% of expenses

$87.79spent for every $100 of revenueRevenue covered expenses this year.

13.69%of revenue went to management and office costs13.8% of expenses

$2.90in assets for every $1 spent this yearSome assets cannot be spent right away.

18.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $3,197,892 for KEVIN CHURCHWELL MD (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,165,214,831

Mission workProgram services$2,673,218,65184.46% of revenue84.8% of expenses

ManagementOffice and general costs$433,309,14813.69% of revenue13.8% of expenses

FundraisingAsking for donations$44,009,2361.39% of revenue1.4% of expenses

Revenue left after expensesReported annual surplus$14,677,7960.46% of revenueShown in gray on the chart

Total expenses$3,150,537,03599.54% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 84.8% mission · 13.8% management · 1.4% fundraisingTotal expenses: 99.54% of revenue

2022Expense mix: 85.6% mission · 12.9% management · 1.5% fundraisingTotal expenses: 105.98% of revenue

2021Expense mix: 85.5% mission · 13.1% management · 1.5% fundraisingTotal expenses: 97.42% of revenue

2020Expense mix: 85.3% mission · 13.2% management · 1.6% fundraisingTotal expenses: 94.79% of revenue

2019Expense mix: 85.5% mission · 12.9% management · 1.6% fundraisingTotal expenses: 97.27% of revenue

2018Expense mix: 84.9% mission · 13.3% management · 1.9% fundraisingTotal expenses: 93.32% of revenue

2017Expense mix: 84.3% mission · 13.8% management · 1.9% fundraisingTotal expenses: 89.23% of revenue

2016Expense mix: 87.3% mission · 10.9% management · 1.8% fundraisingTotal expenses: 93.14% of revenue

Money in and money out

Revenue$3,588,588,824

Expenses$3,150,537,035

Annual surplus $438,051,789 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,673,218,651 · 84.8% of expenses

Management and office costs$433,309,148 · 13.8% of expenses

Fundraising$44,009,236 · 1.4% of expenses

See all reported dollar amounts

Revenue$3,588,588,824

Expenses$3,150,537,035

Assets$9,124,927,004

Income$3,885,726,857

Contributions$646,395,665

Mission work (program services)$2,673,218,651

Fundraising$44,009,236

Grants given$82,143,511

Average grant$105,583

Management and general$433,309,148

Executive compensation (total)$15,669,451

Stocks and bonds$982,261,447

Accounting fees$3,310,701

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KEVIN CHURCHWELL MDPRESIDENT & CEO · 55 hrs/week $3,197,892Base $3,062,633 · Other $135,259

PHILIP ROTNERCHIEF INVESTMENT OFFICER · 55 hrs/week $2,044,401Base $1,976,654 · Other $67,747

DOUG VANDERSLICEEVP, CFO & TREASURER · 55 hrs/week $1,684,195Base $1,604,073 · Other $80,122

PETER LAUSSEN MDEVP, HEALTH AFFAIRS · 55 hrs/week $1,349,463Base $1,255,547 · Other $93,916

MICHELE GARVIN ESQEVP, CHIEF OF STAFF · 55 hrs/week $1,254,786Base $1,201,614 · Other $53,172

NANCY ANDREWSEVP, CHIEF SCIENTIFIC OFFICER · 55 hrs/week $1,242,515Base $1,169,328 · Other $73,187

DEMOSTHENES ARGYSEVP, HOSPITAL CHIEF OPERATING OFFICER, CCO · 55 hrs/week $1,137,729Base $1,085,881 · Other $51,848

LAURA J WOOD DNP MS RNEVP, CHIEF NURSING OFFICER · 55 hrs/week $1,079,714Base $1,005,064 · Other $74,650

LYNN SUSMANEVP, CHIEF DEVELOPMENT OFF · 55 hrs/week $1,038,726Base $973,008 · Other $65,718

LISA ABBOTTEVP, CHIEF HUMAN RESOURCES OFFICER · 55 hrs/week $1,006,162Base $979,532 · Other $26,630

STACY DRURYDEPARTMENT CHIEF, PSYCHIATRY · 55 hrs/week $994,244Base $950,877 · Other $43,367

SANDRA FENWICKFORMER PRESIDENT & CEO $939,289

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (46)

KEVIN CHURCHWELL MDPRESIDENT & CEO

PHILIP ROTNERCHIEF INVESTMENT OFFICER

DOUG VANDERSLICEEVP, CFO & TREASURER

PETER LAUSSEN MDEVP, HEALTH AFFAIRS

MICHELE GARVIN ESQEVP, CHIEF OF STAFF

NANCY ANDREWSEVP, CHIEF SCIENTIFIC OFFICER

DEMOSTHENES ARGYSEVP, HOSPITAL CHIEF OPERATING OFFICER, CCO

LAURA J WOOD DNP MS RNEVP, CHIEF NURSING OFFICER

LYNN SUSMANEVP, CHIEF DEVELOPMENT OFF

LISA ABBOTTEVP, CHIEF HUMAN RESOURCES OFFICER

STACY DRURYDEPARTMENT CHIEF, PSYCHIATRY

SANDRA FENWICKFORMER PRESIDENT & CEO

MARTIN KELLYDIRECTOR, INVESTMENTS

HEATHER NELSONSVP, CHIEF INFORMATION OFF

NIRAV DESAIDIRECTOR, INVESTMENTS

CYNTHIA HAINESSVP, NATIONAL & INTERNATIONAL SERVICES

LISA HOGARTYSVP, RE PLANNING AND DEVEL

PATRICIA HICKEY PHD MBA RN NEA-BCSVP, NURSING/PATIENT CARE

NADER RIFAI PHDDIRECTOR, LAB MEDICINE

STEVEN LUBERSVP, FINANCE

MICHAEL GILLESPIESVP, CLINICAL SERVICES

AUGUST CERVINISVP, RESEARCH ADMINISTRATION

BRUCE BALTERASST TREASURER/DIR CORP FIN

DANIEL NIGRIN MDFORMER SVP & CIO

CHRISTOPHER VINEY JDEVP, GENERAL COUNSEL & SEC

CHRISTINE GRENACHEASST SEC/EXEC MANAGER (END TERM 6/30/24)

JOSEPH A MITCHELL MDEVP & PRESIDENT, FRANCISCANS

STEPHEN KARPDIRECTOR

ROBERT LANGER SCDDIRECTOR

WINSTON HENDERSONDIRECTOR

STEVEN KRICHMARDIRECTOR

TED PAPPENDICKDIRECTOR

THOMAS MELENDEZDIRECTOR

VIVIAN LEE MDDIRECTOR

ALISON TAUNTON-RIGBY PHDDIRECTOR

ROBERT A SMITHDIRECTOR - VICE CHAIR

ROB GRAHAMASST SECRETARY/SR DR ENT COMM (BEGIN TERM 7/1/24)

RALPH C MARTINDIRECTOR

LISA WIELANDDIRECTOR

KATHLEEN REGANDIRECTOR

JAMES MANDELL MDDIRECTOR

IVOR HORN MDDIRECTOR

HARVEY LODISH PHDDIRECTOR

GARY LOVEMAN MDDIRECTOR

DOUGLAS BERTHIAUMEDIRECTOR - CHAIRPERSON

ALLAN BUFFERDDIRECTOR

About this charity

Recognized since: January 1983
Location: 300 LONGWOOD AVE, BOSTON, MA 02115-5724
County: Suffolk
In care of: % THOMAS PELLEGRITI
Primary officer: Doug Vanderslice, EVP, CFO & Treasurer

How to reach them

WebsiteVisit the charity’s website Phone(617) 355-6000

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: ERNST & YOUNG LLP
NTEE classification: Health Care (E240)
IRS tax category: Specialty (except Psychiatric and Substance Abuse) Hospitals
Grant-giving organization: Yes