Form 990 for tax year 2024

Filed by CCMC CORPORATION.

Totals

Total revenue: $0
Total expenses: $347,256
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $0
Total assets, end of year: $8,479,445
Total liabilities, end of year: $8,206,435
Net assets or fund balances, end of year: $273,010
Program services expenses (Part IX): $0
Management and general expenses: $347,256
Fundraising expenses: $0
Program service expenses (Part III): $0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

3 · Investment income

total $0
4 · Income from investment of tax-exempt bond proceeds

total $0
5 · Royalties

total $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0
7d · Net gain or loss

total $0
8a · Fundraising events: gross income

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0
2 · Grants to domestic individuals

total $0
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $0
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $0
8 · Pension plan contributions

total $0
9 · Other employee benefits

total $0
10 · Payroll taxes

total $0
11a · Fees: management

total $0
11b · Fees: legal

total $0
11c · Fees: accounting

total $0
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $0
11g · Fees: other

total $0
12 · Advertising and promotion

total $0
13 · Office expenses

total $0
14 · Information technology

total $0
15 · Royalties

total $0
16 · Occupancy

total $0
17 · Travel

total $0
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $0
20 · Interest

total $0
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $0
23 · Insurance

total $0
24a · Other expenses: ALLOCATION OF PERSONNEL COST

total $347,256 · program services $0 · management and general $347,256 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $133,071 · end of year $115,838
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $0 · end of year $671
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $881,000 · end of year $881,000
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $11,191,058 · end of year $7,481,936
17 · Accounts payable and accrued expenses

beginning of year $66,553 · end of year $0
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $11,518,310 · end of year $8,206,435
27 · Net assets without donor restrictions

beginning of year $620,266 · end of year $273,010
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO BENEFIT, PERFORM THE FUNCTIONS OF, CARRY OUT THE PURPOSES OF, UPHOLD, PROMOTE AND FURTHER THE GOALS, WELFARE, PROGRAMS AND ACTIVITIES OF CONNECTICUT CHILDREN'S MEDICAL CENTER ("CONNECTICUT CHILDREN'S") BY: (1) INITIATING, DEVELOPING, RECOMMENDING AND IMPLEMENTING GOALS AND PRIORITIES FOR NEW OR EXPANDED PROGRAMS FOR THE BENEFIT OF CONNECTICUT CHILDREN'S SERVICE TO THE COMMUNITY IT SERVES; (2) DEVELOPING, EVALUATING, MAINTAINING AND REVISING PLANS FOR EFFECTIVE CONDUCT OF PROGRAMS AND UTILIZATION OF FACILITIES OF CONNECTICUT CHILDREN'S AS COMMUNITY CIRCUMSTANCES WARRANT; (3) EXAMINING, EVALUATING AND MAKING RECOMMENDATIONS REGARDING NEEDS AND OPPORTUNITIES FOR ACQUISITION OF PROPERTIES OR CONSTRUCTION OF FACILITIES BY OR FOR THE USE OF CONNECTICUT CHILDREN'S; (4) PLANNING FOR ACQUISITION AND PLACEMENT OF NEW FACILITIES AND EQUIPMENT BY OR FOR THE USE OF CONNECTICUT CHILDREN'S; AND (5) CONDUCTING PUBLIC RELATIONS ACTIVITIES ON BEHALF OF CONNECTICUT CHILDREN'S, SOLICITING AND RECEIVING

Activities or mission (Part I)

TO BENEFIT, PERFORM THE FUNCTIONS OF, CARRY OUT THE PURPOSES OF, UPHOLD, PROMOTE AND FURTHER THE GOALS, WELFARE, PROGRAMS AND ACTIVITIES OF CT CHILDREN'S MEDICAL CENTER.

EXPENSES INCURRED IN INITIATING, DEVELOPING, RECOMMENDING, SUPPORTING AND CARRYING OUT THE GOALS AND PRIORITIES FOR NEW AND EXPANDED PROGRAMS FOR THE BENEFIT OF CONNECTICUT CHILDREN'S MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION, AND ALL RELATED AFFILIATES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

JAMES E SHMERLINGDHAFACHE

Director - President/CEO

Total calculated

$2,052,851

From this org

$0

From related orgs

$2,003,014

Other

$49,837

Hours/week

55

Schedule J breakdown matched by us

Base

$0 + $1,190,373 related

Bonus

$0 + $555,966 related

Other

$0 + $256,675 related

Deferred

$0 + $20,400 related

Nontaxable benefits

$0 + $29,437 related

Filer's total

$0 + $2,052,851 related
Bridgett Feagin MBA

Treasurer - EVP/CFO

Total calculated

$1,057,898

From this org

$0

From related orgs

$913,785

Other

$144,113

Hours/week

55

Schedule J breakdown matched by us

Base

$0 + $676,610 related

Bonus

$0 + $235,767 related

Other

$0 + $1,408 related

Deferred

$0 + $123,732 related

Nontaxable benefits

$0 + $20,381 related

Filer's total

$0 + $1,057,898 related
Robert E Duncan

EVP Chief Operating Officer

Total calculated

$1,027,790

From this org

$0

From related orgs

$866,023

Other

$161,767

Hours/week

55

Schedule J breakdown matched by us

Base

$0 + $679,023 related

Bonus

$0 + $182,961 related

Other

$0 + $4,039 related

Deferred

$0 + $123,250 related

Nontaxable benefits

$0 + $38,517 related

Filer's total

$0 + $1,027,790 related
Edward T Cortland MD

Dir-Pres Med Staff (eff 1/25)

Total calculated

$662,739

From this org

$0

From related orgs

$589,703

Other

$73,036

Hours/week

55

Schedule J breakdown matched by us

Base

$0 + $509,625 related

Bonus

$0 + $78,670 related

Other

$0 + $1,408 related

Deferred

$0 + $33,770 related

Nontaxable benefits

$0 + $39,266 related

Filer's total

$0 + $662,739 related
Nicole Murray-Posner MD

Dir-Pres Med Staff(Term 12/24)

Total calculated

$586,968

From this org

$0

From related orgs

$552,183

Other

$34,785

Hours/week

55

Schedule J breakdown matched by us

Base

$0 + $506,522 related

Bonus

$0 + $43,029 related

Other

$0 + $2,632 related

Deferred

$0 + $34,785 related

Nontaxable benefits

$0

Filer's total

$0 + $586,968 related
Jennifer Schwab MD

Director

Total calculated

$17,200

From this org

$0

From related orgs

$17,200

Other

$0

Hours/week

1
Jonathan Rubin

Chairman - Director

Total calculated

$0

Hours/week

1
Jeffrey P Klenk

Vice Chairman - Director

Total calculated

$0

Hours/week

1
Tina Brown-Stevenson

Secretary - Director

Total calculated

$0

Hours/week

1
Andrea Balogh

Director

Total calculated

$0

Hours/week

1
Scott Braunstein

Director

Total calculated

$0

Hours/week

1
Shari G Cantor

Director; Ex-Officio

Total calculated

$0

Hours/week

1
Frank Ferrucci

Director

Total calculated

$0

Hours/week

1
Gustavo Giraldo

Director

Total calculated

$0

Hours/week

1
Christopher Holley

Director

Total calculated

$0

Hours/week

1
Preston Kodak III

Director

Total calculated

$0

Hours/week

1
Dorothy Levine MD

Director

Total calculated

$0

Hours/week

1
Burke Magnus

Director

Total calculated

$0

Hours/week

1
Otis Maynard

Director

Total calculated

$0

Hours/week

1
Stephen Miller

Director

Total calculated

$0

Hours/week

1
Michelle Murphy

Director

Total calculated

$0

Hours/week

1
Sara Pierce

Director

Total calculated

$0

Hours/week

1
David M Roth Esq

Director; Ex-Officio

Total calculated

$0

Hours/week

1
Steven Solecki

Director

Total calculated

$0

Hours/week

1
TINA ST PIERRE

Director

Total calculated

$0

Hours/week

1
Leslie Torres-Rodriguez

Director

Total calculated

$0

Hours/week

1
Carlos Mouta

Director (Term 12/24)

Total calculated

$0

Hours/week

1

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, and on a Form 990-PF Part VIII's — 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

3 · Compensation committee
3 · Independent compensation consultant
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4b · Supplemental nonqualified retirement plan
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

CORE FORM, PART VII AND SCHEDULE J: TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM 2024 FORMS W-2.
SCHEDULE J, PART I; QUESTION 3: EACH YEAR, AN INDEPENDENT COMPENSATION CONSULTANT CONDUCTS A MARKET ANALYSIS OF CONNECTICUT CHILDREN'S MEDICAL CENTER'S ("CONNECTICUT CHILDREN'S") PRESIDENT/CHIEF EXECUTIVE OFFICER, OFFICERS AND OTHER KEY EMPLOYEES. TO AUGMENT THEIR PROPRIETARY AND OTHER DATA TO WHICH THEY HAVE ACCESS, CONNECTICUT CHILDREN'S PROVIDES THE DATA RESULTS FROM SALARY SURVEYS IN WHICH CONNECTICUT CHILDREN'S PARTICIPATES. THE ANALYSIS AND PRESENTATION OF THE DATA IS PRESENTED BY THE INDEPENDENT COMPENSATION CONSULTANT TO THE PRESIDENT/CHIEF EXECUTIVE OFFICER AND THE MEMBERS OF THE EXECUTIVE COMMITTEE OF THE CONNECTICUT CHILDREN'S BOARD OF DIRECTORS. ANNUALLY THE PRESIDENT/CHIEF EXECUTIVE OFFICER AND THE BOARD OF DIRECTORS THEN REVIEW AND DISCUSS SALARY RECOMMENDATIONS FOR THE OFFICERS AND OTHER KEY EMPLOYEES AND SIGN OFF ON THE FINAL RECOMMENDATIONS. CONNECTICUT CHILDREN'S EXECUTIVE COMMITTEE MEETS INDEPENDENTLY WITH THE PRESIDENT/CHIEF EXECUTIVE OFFICER TO DISCUSS HIS INDIVIDUAL PERFORMANCE. FOLLOWING THE PERFORMANCE EVALUATION, A SALARY RECOMMENDATION IS MADE AND COMMUNICATED TO THE SENIOR VICE PRESIDENT OF HUMAN RESOURCES TO AUTHORIZE PROCESSING.
SCHEDULE J, PART I; QUESTION 4B: THE AMOUNTs REFLECTED IN SCHEDULE J, PART II, COLUMN B(III) FOR THE FOLLOWING INDIVIDUAL INCLUDE A CURRENT YEAR VESTING IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) AS THE AMOUNT WAS NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNT OUTLINED HEREIN ARE NOT INCLUDED IN INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: JAMES E. SHMERLING, DHA, FACHE, $240,000. THE DEFERRED COMPENSATION AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUALS INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNTS OUTLINED HEREIN WERE NOT INCLUDED IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: BRIDGETT FEAGIN, MBA, $108,904; ROBERT E. DUNCAN, $106,432; EDWARD T. CORTLAND, M.D., $14,848 AND NICOLE MURRAY-POSNER, M.D. $14,136.
SCHEDULE J, PART I; QUESTIONS 6A & 6B: THE ORGANIZATION IS AN AFFILIATE WITHIN CCMC CORPORATION AND SUBSIDIARIES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM. THE ORGANIZATION'S BOARD OF DIRECTORS HAS AN EXECUTIVE COMPENSATION COMMITTEE ("COMMITTEE"). ACCORDINGLY, THE ORGANIZATION'S COMMITTEE MAY ELECT TO MAKE INCENTIVE AWARDS IN ITS SOLE DISCRETION. IF THE COMMITTEE ELECTS TO MAKE SUCH INCENTIVE AWARDS, THE AMOUNT OF AN ELIGIBLE EMPLOYEE'S INCENTIVE AWARD IS BASED GENERALLY UPON THE FOLLOWING CRITERIA: - CCMC CORPORATION ACHIEVING THRESHOLD FOR THE FINANCIAL GOALS, OTHERWISE NO INCENTIVE WILL BE PAID; - INDIVIDUAL AND CORPORATION PERFORMANCE AND WHETHER THE LEVEL OF PERFORMANCE ACHIEVED IS AT THRESHOLD, TARGET, OR STRETCH; AND - THE PERCENTAGE OF THE AWARD COMPRISED OF CORPORATION VERSUS INDIVIDUAL PERFORMANCE. THE COMPENSATION FOR CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II OF THIS FORM 990 CONSIST OF BOTH A FIXED SALARY AND ADDITIONAL AT-RISK INCENTIVE COMPENSATION.
SCHEDULE J, PART I; QUESTION 7: IF THE COMPENSATION COMMITTEE ELECTS TO MAKE INCENTIVE AWARDS, THESE AWARDS ARE TO BE PAID NO LATER THAN TWO AND ONE-HALF MONTHS AFTER THE END OF THE FISCAL OR CALENDAR YEAR, WHICHEVER IS LATER, AFTER WHICH THE AMOUNT OF SUCH AWARDS ARE DETERMINED. THEREFORE, IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS, RULES AND REGULATIONS, CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED INCENTIVE AWARDS DURING CALENDAR YEAR 2024 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.
SCHEDULE J, PART II; COLUMN F: THE AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN (F) INCLUDE AMOUNTS REPORTED ON PRIOR YEARS' FORMS 990 IN SCHEDULE J, PART II, EITHER IN COLUMN (B)(III) AS FORM W-2, BOX 5, TAXABLE MEDICARE WAGES OR IN COLUMN (C) AS NON TAXABLE UNVESTED DEFERRED COMPENSATION THAT IS NOW BEING REPORTED AGAIN ON THIS YEAR'S FORM 990.

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.

CONNECTICUT CHILDREN'S MEDICAL CENTER

501(C)(3) · HLTHCARE SVCS · CT · controlled entity

Directly controlled by CCMC CORP
CONNECTICUT CHILDREN'S FOUNDATION INC

501(C)(3) · FUNDRAISING · CT

Directly controlled by CT CHILDRENS
CCMC AFFILIATES INC

501(C)(3) · INACTIVE · CT · controlled entity

Directly controlled by CT CHILDRENS
CONNECTICUT CHILDREN'S SPECIALTY GROUP

501(C)(3) · HLTHCARE SVCS · CT

Directly controlled by CT CHILDRENS
CHILDREN'S FUND OF CONNECTICUT INC

501(C)(3) · HLTHCARE SVCS · CT

Directly controlled by CT CHILDRENS
CHILD HEALTH AND DEV INSTITUTE OF CT

501(C)(3) · HLTHCARE SVCS · CT

Directly controlled by CFCT

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

CCMC VENTURES INC

C CORP. · INACTIVE · CT · 100% owned · share of income $0 · share of assets $0 · controlled entity

Directly controlled by CCMC CORP
NEW ENGLAND PEDIATRICS INDEMNITY LTD

FOREIGN CORP. · FINANCIAL VEHICLE · BD · 100% owned · share of income $8,719,619 · share of assets $35,007,088 · controlled entity

Directly controlled by CCMC CORP
NY CHILDREN'S MEDICAL PROVIDER SVCS PC

C CORP. · HEALTH SERVICES · NY

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2024
IRS schema version: 2024v5.2
Source object: 202632309349300503

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