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Nonprofiteer
← LURIE CHILDRENS MEDICAL GROUP INC

Form 990 for tax year 2022

Filed by LURIE CHILDRENS MEDICAL GROUP INC.

Totals

Total revenue
$269,038,846
Total expenses
$250,557,140
Contributions and grants received
$64,839,908
Grants paid
$0
Program services expenses (Part IX)
$247,661,999
Management and general expenses
$2,895,141
Fundraising expenses
$0
Program service expenses (Part III)
$247,661,999

Program services were 98.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Matthew Davis MD

    Ex-Officio Director/President and Chair

    Total calculated
    $857,433
    From this org
    $736,902
    From related orgs
    $0
    Other
    $120,531
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $565,920
    Bonus
    $170,071
    Other
    $911
    Deferred
    $81,201
    Nontaxable benefits
    $39,330
    Filer's total
    $857,433

  • Douglas Vaughan MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Mcnally MD Phd

    Director

    Total calculated
    $0
    Hours/week
    1

  • John J Greisch

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Thomas P Shanley MD

    Ex-Officio Director/President & CEO LCH

    Total calculated
    $2,400,522
    From this org
    $0
    From related orgs
    $2,019,722
    Other
    $380,800
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,219,005 related
    Bonus
    $0 + $689,963 related
    Other
    $0 + $110,755 related
    Deferred
    $0 + $343,203 related
    Nontaxable benefits
    $0 + $37,597 related
    Filer's total
    $0 + $2,400,522 related

  • Alex P Miller

    Chief Financial Officer as of 2/6/23

    Total calculated
    $0
    Hours/week
    1 + 46 related

  • Brenda Davis

    Interim Chief Financial Officer until 2/6/23

    Total calculated
    $459,856
    From this org
    $0
    From related orgs
    $429,837
    Other
    $30,019
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $352,466 related
    Bonus
    $0 + $76,250 related
    Other
    $0 + $1,120 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $14,769 related
    Filer's total
    $0 + $459,856 related

  • Fatema Zanzi

    Senior VP, Chief Legal Officer, Corporate Secretary

    Total calculated
    $848,544
    From this org
    $0
    From related orgs
    $763,271
    Other
    $85,273
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $512,241 related
    Bonus
    $0 + $250,460 related
    Other
    $0 + $570 related
    Deferred
    $0 + $81,254 related
    Nontaxable benefits
    $0 + $4,019 related
    Filer's total
    $0 + $848,544 related

  • Annette M Wagner MD

    Physician

    Total calculated
    $693,738
    From this org
    $625,076
    From related orgs
    $0
    Other
    $68,662
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $344,476
    Bonus
    $279,610
    Other
    $990
    Deferred
    $30,500
    Nontaxable benefits
    $38,162
    Filer's total
    $693,738

  • Derek S Wheeler MD

    Physician

    Total calculated
    $935,637
    From this org
    $828,874
    From related orgs
    $0
    Other
    $106,763
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $552,038
    Bonus
    $276,058
    Other
    $778
    Deferred
    $78,447
    Nontaxable benefits
    $28,316
    Filer's total
    $935,637

  • Jeffrey L Loughead MD

    Physician/Associate Chair of Pediatrics/Medical Director

    Total calculated
    $625,421
    From this org
    $558,585
    From related orgs
    $0
    Other
    $66,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $531,641
    Bonus
    $25,038
    Other
    $1,905
    Deferred
    $30,500
    Nontaxable benefits
    $36,336
    Filer's total
    $625,421

  • Kenneth M Brady MD

    Physician

    Total calculated
    $674,436
    From this org
    $608,624
    From related orgs
    $0
    Other
    $65,812
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $587,544
    Bonus
    $20,735
    Other
    $345
    Deferred
    $30,500
    Nontaxable benefits
    $35,312
    Filer's total
    $674,436

  • Patrick Seed MD PhD

    Physician

    Total calculated
    $621,066
    From this org
    $555,254
    From related orgs
    $0
    Other
    $65,812
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $423,233
    Bonus
    $131,677
    Other
    $345
    Deferred
    $30,500
    Nontaxable benefits
    $35,312
    Filer's total
    $621,067

  • Ron Blaustein

    Former Chief Financial Officer until 5/6/22

    Total calculated
    $205,693
    From this org
    $0
    From related orgs
    $195,697
    Other
    $9,996
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $113,139 related
    Bonus
    $0
    Other
    $0 + $82,558 related
    Deferred
    $0 + $9,996 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $205,693 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
PURSUANT TO THE BYLAWS OF CHILDREN'S HOSPITAL OF CHICAGO MEDICAL CENTER ("MEDICAL CENTER"), THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF THE MEDICAL CENTER IS CHARGED WITH REVIEWING AND APPROVING SENIOR EXECUTIVE COMPENSATION FOR THE MEDICAL CENTER AND ITS AFFILIATES AND THE COMPENSATION FOR ANY PHYSICIAN WHO MEETS THE CRITERIA FOR REVIEW AND APPROVAL BY THE COMMITTEE. THE COMPENSATION COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY WHICH IT FOLLOWS WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S SENIOR MANAGEMENT, INCLUDING THE PRESIDENT. THE COMPENSATION PHILOSOPHY IS SUBJECT TO PERIODIC REVIEW BY THE COMPENSATION COMMITTEE FOR CONTINUED APPROPRIATENESS IN THE CURRENT MARKET. WITH THE ASSISTANCE OF INDEPENDENT COMPENSATION CONSULTANTS AND INFORMATION FROM A VARIETY OF SOURCES (SPECIFIED ON SCHEDULE J), THE COMPENSATION COMMITTEE CONFIRMED THE TOTAL AMOUNTS TO BE PAID TO IDENTIFIED EXECUTIVES AND PHYSICIANS WERE REASONABLE AND COMPARABLE TO AMOUNTS PAID BY SIMILARLY SITUATED ORGANIZATIONS TO INDIVIDUALS IN FUNCTIONALLY SIMILAR POSITIONS. LEGAL COUNSEL PERIODICALLY ADVISES THE COMPENSATION COMMITTEE WITH RESPECT TO FEDERAL TAX REQUIREMENTS IN SETTING COMPENSATION AND THE ESTABLISHMENT OF THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE FEDERAL TAX LAW INTERMEDIATE SANCTIONS RULES. THE PROCESS FOLLOWED BY THE COMPENSATION COMMITTEE, INCLUDING A DESCRIPTION OF THE DATA RELIED UPON AND THE COMPENSATION COMMITTEE'S DECISIONS, WAS THOROUGHLY AND CONTEMPORANEOUSLY DOCUMENTED. THE COMPENSATION COMMITTEE HAS EXPRESSLY REVIEWED THE REASONABLENESS OF COMPENSATION PAID TO IDENTIFIED EXECUTIVES AND PHYSICIANS, AND HAS CONCLUDED, AS THE RESULT OF A PROCESS THAT IS DESIGNED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS, THAT ALL SUCH AMOUNTS ARE REASONABLE AND DO NOT EXCEED FAIR MARKET VALUE FOR THE SERVICES PROVIDED. THE COMPENSATION COMMITTEE IS COMPRISED OF MEMBERS OF THE MEDICAL CENTER BOARD OF DIRECTORS WHO HAVE BEEN DETERMINED TO BE DISINTERESTED (WHICH MEANS NO COMMITTEE MEMBER HAS A CONFLICT OF INTEREST) FOR THESE PURPOSES. THE COMPENSATION COMMITTEE CONDUCTS AN ONGOING, REGULAR REVIEW OF THE DISINTERESTED STATUS OF ITS MEMBERS, AND WILL TAKE APPROPRIATE ACTION WITH RESPECT TO ANYONE HAVING AN INTEREST WITH RESPECT TO ONE OR MORE EXECUTIVES SO AS TO PRESERVE THE DISINTERESTED STATUS OF THE COMMITTEE AND, AS A RESULT, THE APPLICATION OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
ANN & ROBERT H. LURIE CHILDREN'S HOSPITAL OF CHICAGO MAINTAINS A DEFINED CONTRIBUTION SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("DC SERP"), WHICH WAS ESTABLISHED ON JANUARY 1, 2017 AND IS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EMPLOYEES IN EXECUTIVE POSITIONS. THE BENEFITS IN THE DC SERP ARE IN THE FORM OF A FIXED ANNUAL CONTRIBUTION RATE AND AN EARNINGS CREDIT. EACH YEAR'S CONTRIBUTION AND EARNINGS ARE AT RISK AND WILL BECOME FULLY VESTED AND TAXABLE ONLY AFTER FIVE YEARS OF FUTURE EMPLOYMENT SERVICE, OR UPON REACHING AGE 62 WITH AT LEAST THREE YEARS OF SERVICE. SEVERAL LISTED PERSONS IN THIS FORM 990 PARTICIPATE IN THE DC SERP, AND THE UNVESTED CONTRIBUTIONS MADE FOR THEM ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE DC SERP AND RECEIVED A VESTED PAYMENT DURING 2022 WHICH IS REPORTED IN COLUMN B (III): RON BLAUSTEIN $81,970 THOMAS P. SHANLEY, MD $107,853 CEO DEFERRED COMPENSATION LISTED INDIVIDUAL THOMAS SHANLEY MD IS THE SOLE PARTICIPANT IN AN ADDITIONAL SUPPLEMENTAL RETIREMENT BENEFIT ARRANGEMENT THAT BEGAN IN 2021. HE IS ELIGIBLE TO EARN A BENEFIT THAT WILL NOT BECOME VESTED FOR SEVERAL YEARS. A PRORATED PORTION OF THE BENEFIT (REPRESENTING THE PORTION EARNED IN 2022) IS REPORTED IN COLUMN (C) AS UNVESTED DEFERRED COMPENSATION, AND WILL BE REPORTED AGAIN AS COMPENSATION IF AND WHEN THE FULL BENEFIT BECOMES VESTED AND IS SUBJECT TO TAX. THE INDEPENDENT COMPENSATION COMMITTEE OF THE CHILDREN'S HOSPITAL OF CHICAGO MEDICAL CENTER BOARD, WHOSE DILIGENT REVIEW AND APPROVAL PROCESS IS DESCRIBED ELSEWHERE IN THESE NARRATIVES, HAS REVIEWED AND APPROVED DR. SHANLEY'S TOTAL COMPENSATION IN A MANNER THAT QUALIFIES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL TAX LAW INTERMEDIATE SANCTIONS RULES, AND AS PART OF THIS REVIEW PROCESS TOOK INTO ACCOUNT THE BENEFIT BEING EARNED UNDER THIS ADDITIONAL ARRANGEMENT.
Schedule J, Part I, Line 7 Non-fixed payments
THE ORGANIZATION PROVIDES ANNUAL INCENTIVE COMPENSATION TO SENIOR MANAGEMENT UNDER A SENIOR MANAGEMENT INCENTIVE COMPENSATION PLAN. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B (II). THE PLAN IS DESIGNED TO OFFER OPPORTUNITIES FOR ADDITIONAL COMPENSATION TIED TO PERFORMANCE AGAINST PRE-DETERMINED FINANCIAL, PATIENT SATISFACTION, PATIENT SAFETY AND INDIVIDUAL GOALS APPROVED IN ADVANCE BY THE COMPENSATION COMMITTEE OF THE CHILDREN'S HOSPITAL OF CHICAGO MEDICAL CENTER (MEDICAL CENTER) BOARD OF DIRECTORS, WHICH SERVES AS THE COMPENSATION COMMITTEE OF LURIE CHILDREN'S AND PEDIATRIC FACULTY FOUNDATION, INC. THE COMPENSATION COMMITTEE HAS EXPRESSLY REVIEWED THE REASONABLENESS OF ALL SUCH PAYMENTS AND HAS CONCLUDED, AS THE RESULT OF A PROCESS THAT IS DESIGNED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER FEDERAL TAX LAW, THAT ALL SUCH AMOUNTS ARE REASONABLE AND DO NOT EXCEED FAIR MARKET VALUE FOR THE SERVICES PROVIDED.
Schedule J, Part II RELATED COMPENSATION
THE FOLLOWING INDIVIDUALS ARE NOT COMPENSATED BY THE REPORTING ORGANIZATION FOR HIS OR HER SERVICE AS A DIRECTOR OR OFFICER. RATHER, THE COMPENSATION REPORTED ON FORM 990, PART VII AND ON SCHEDULE J, PART II REFLECTS COMPENSATION PAID BY ANN & ROBERT H. LURIE CHILDREN'S HOSPITAL OF CHICAGO (LURIE CHILDREN'S) FOR THE INDIVIDUAL'S SUBSTANTIAL AND FULL-TIME SERVICES AS AN EMPLOYEE. FOR MORE DETAILS, PLEASE REFER TO THE 2022 FORM 990 OF LURIE CHILDREN'S, FEIN 36-2170833. BRENDA DAVIS FATEMA ZANZI RON BLAUSTEIN THOMAS P. SHANLEY, MD

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
11 July 2024
IRS schema version
2022v5.0
Source object
202411939349301316

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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