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Nonprofiteer
← SEATTLE CHILDRENS HEALTHCARE SYSTEM

Form 990 for tax year 2022

Filed by SEATTLE CHILDRENS HEALTHCARE SYSTEM.

Totals

Total revenue
$30,273,223
Total expenses
$30,189,036
Contributions and grants received
$10,080,935
Grants paid
$6,986,997
Program service revenue
$1,557,174
Investment income
$18,635,114
Other revenue
$0
Total assets, end of year
$1,175,308,581
Total liabilities, end of year
$17,289,870
Net assets or fund balances, end of year
$1,158,018,711
Program services expenses (Part IX)
$19,075,742
Management and general expenses
$11,113,294
Fundraising expenses
$0
Program service expenses (Part III)
$19,075,742

Program services were 63.2% 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.

  • 1d · Related organizations

    $10,080,935

  • 1g · Noncash contributions included above

    $4,455,570

  • 2a · Program service revenue: RENT FROM AFFILIATES

    total $889,904 · related or exempt $889,904

  • 2b · Program service revenue: MEDICAL CLINIC RENTAL

    total $667,270 · related or exempt $667,270

  • 3 · Investment income

    total $3,438,208 · excluded $3,438,208

  • 7a · Gross sales of assets other than inventory

    securities $645,801,322 · other assets $5,515,744

  • 7b · Less cost or other basis and sales expenses

    securities $634,301,835 · other assets $1,818,325

  • 7c · Gain or loss

    securities $11,499,487 · other assets $3,697,419

  • 7d · Net gain or loss

    total $15,196,906 · excluded $15,196,906

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,986,997 · program services $6,986,997

  • 5 · Compensation of officers, directors and key employees

    total $8,029,277 · program services $8,029,277

  • 7 · Other salaries and wages

    total $2,362,674 · management and general $2,362,674

  • 8 · Pension plan contributions

    total $403,362 · management and general $403,362

  • 9 · Other employee benefits

    total $294,867 · management and general $294,867

  • 10 · Payroll taxes

    total $791,749 · program services $508,122 · management and general $283,627

  • 11b · Fees: legal

    total $2,876,285 · management and general $2,876,285

  • 11c · Fees: accounting

    total $257,800 · management and general $257,800

  • 11f · Fees: investment management

    total $1,037,145 · management and general $1,037,145

  • 11g · Fees: other

    total $5,406,342 · program services $3,216,253 · management and general $2,190,089

  • 13 · Office expenses

    total $11,885 · program services $10,594 · management and general $1,291

  • 14 · Information technology

    total $760 · management and general $760

  • 16 · Occupancy

    total $1,352,766 · program services $98,435 · management and general $1,254,331

  • 17 · Travel

    total $29,868 · management and general $29,868

  • 19 · Conferences, conventions and meetings

    total $6,404 · management and general $6,404

  • 22 · Depreciation, depletion and amortization

    total $60,952 · program services $60,952

  • 23 · Insurance

    total $21,841 · management and general $21,841

  • 24a · Other expenses: LICENSES AND TAXES

    total $787 · management and general $787

  • 24e · All other expenses

    total $257,275 · program services $165,112 · management and general $92,163

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $570,153 · end of year $489,918

  • 10a · Land, buildings and equipment: cost or other basis

    $4,378,855

  • 10b · Land, buildings and equipment: accumulated depreciation

    $436,191

  • 10c · Land, buildings and equipment, net

    beginning of year $4,420,716 · end of year $3,942,664

  • 11 · Investments: publicly traded securities

    beginning of year $115,155,388 · end of year $64,364,652

  • 12 · Investments: other securities

    beginning of year $656,073,067 · end of year $817,805,652

  • 13 · Investments: program-related

    beginning of year $3,741,460 · end of year $4,008,730

  • 15 · Other assets

    beginning of year $299,135,904 · end of year $284,696,965

  • 17 · Accounts payable and accrued expenses

    beginning of year $502,139 · end of year $9,010,375

  • 19 · Deferred revenue

    beginning of year $2,196,671 · end of year $957,965

  • 25 · Other liabilities

    beginning of year $7,399,066 · end of year $7,321,530

  • 27 · Net assets without donor restrictions

    beginning of year $857,282,011 · end of year $925,456,548

  • 28 · Net assets with donor restrictions

    beginning of year $211,716,801 · end of year $232,562,163

Mission and programs · 2022

Mission

SEATTLE CHILDREN'S HEALTHCARE SYSTEM (SCHS) IS ENGAGED IN ACTIVITIES RELATING TO THE PROVISION OF HEALTH CARE SERVICES TO INFANTS, CHILDREN, AND ADOLESCENTS, DELIVERING AND IMPROVING THE DELIVERY AND THE QUALITY OF THOSE SERVICES THROUGH RESEARCH, EDUCATION, AND CONTRIBUTIONS TO OR FOR THE BENEFIT OF TAX-EXEMPT ORGANIZATIONS WHICH PROVIDE HEALTH CARE SERVICES, PRIMARILY SEATTLE CHILDREN'S HOSPITAL.

Activities or mission (Part I)

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

  • 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.

    Expenses $18,889,526 · Grants $6,986,997 · Revenue $667,270

  • 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.

    Expenses $186,216 · Revenue $889,904

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KEN DENMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOEL FRENCH

    CHAIR

    Total calculated
    $0
    Hours/week
    15 + 1 related

  • DAN LEVITAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RACQUEL RUSSELL

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • LOREN ALHADEFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SUSAN BETCHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JILL BRUBAKER MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • COLIN FOX PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • COLLEEN FUKUI-SKETCHLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TROY HUTSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • PATRICIA LOERA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • JUDITH PIERCE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN SCHOETTLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • KURT SHINTAFFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MOYA VAZQUEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CONAN VIERNES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFF SPERRING MD

    CEO/NON-VOTING EX OFFICIO TRUSTEE

    Total calculated
    $2,166,022
    From this org
    $704,719
    From related orgs
    $1,072,193
    Other
    $389,110
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $586,270 + $710,822 related
    Bonus
    $118,449 + $355,347 related
    Other
    $0 + $6,024 related
    Deferred
    $343,648 + $17,156 related
    Nontaxable benefits
    $12,384 + $15,922 related
    Filer's total
    $1,060,751 + $1,105,271 related

  • SUZANNE BEITEL

    SENIOR VP & CHIEF FINANCIAL OFFICER

    Total calculated
    $1,500,569
    From this org
    $928,483
    From related orgs
    $520,763
    Other
    $51,323
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $338,575 + $410,373 related
    Bonus
    $36,022 + $108,067 related
    Other
    $553,886 + $2,323 related
    Deferred
    $0 + $16,775 related
    Nontaxable benefits
    $15,115 + $19,433 related
    Filer's total
    $943,598 + $556,971 related

  • RUSSELL WILLIAMS

    SVP-STRAT, CAP & REGL NETWORKS

    Total calculated
    $1,256,487
    From this org
    $634,502
    From related orgs
    $498,131
    Other
    $123,854
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $144,259 + $390,571 related
    Bonus
    $0 + $106,541 related
    Other
    $490,243 + $1,019 related
    Deferred
    $64,254 + $22,875 related
    Nontaxable benefits
    $9,181 + $27,544 related
    Filer's total
    $707,937 + $548,550 related

  • MYRA GREGORIAN

    SENIOR VP & CHIEF PEOPLE OFFICER

    Total calculated
    $1,200,312
    From this org
    $573,348
    From related orgs
    $536,086
    Other
    $90,878
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $157,450 + $426,630 related
    Bonus
    $0 + $108,066 related
    Other
    $415,898 + $1,390 related
    Deferred
    $37,719 + $16,775 related
    Nontaxable benefits
    $9,096 + $27,288 related
    Filer's total
    $620,163 + $580,149 related

  • ZAFAR CHAUDRY MD

    SVP & CHIEF DIGITAL & INFO OFFICER

    Total calculated
    $1,161,095
    From this org
    $595,904
    From related orgs
    $534,954
    Other
    $30,237
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $157,360 + $427,022 related
    Bonus
    $0 + $106,503 related
    Other
    $438,544 + $1,429 related
    Deferred
    $1,902 + $14,873 related
    Nontaxable benefits
    $3,366 + $10,096 related
    Filer's total
    $601,172 + $559,923 related

  • LISA HAYWARD

    SENIOR VP & CHIEF LEGAL OFFICER

    Total calculated
    $895,703
    From this org
    $743,640
    From related orgs
    $2,362
    Other
    $149,701
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $624,912
    Bonus
    $118,728
    Other
    $0 + $2,362 related
    Deferred
    $113,087
    Nontaxable benefits
    $36,614
    Filer's total
    $893,341 + $2,362 related

  • STANLEY RA

    CHIEF INVESTMENT OFFICER

    Total calculated
    $716,607
    From this org
    $348,414
    From related orgs
    $328,612
    Other
    $39,581
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $122,664 + $328,052 related
    Bonus
    $225,750
    Other
    $0 + $560 related
    Deferred
    $0 + $20,210 related
    Nontaxable benefits
    $4,843 + $14,528 related
    Filer's total
    $353,257 + $363,350 related

  • WARREN HEWITT

    VP - FINANCE

    Total calculated
    $431,906
    From this org
    $94,608
    From related orgs
    $288,340
    Other
    $48,958
    Hours/week
    14 + 41 related

    Schedule J breakdown matched by us

    Base
    $82,286 + $246,856 related
    Bonus
    $12,322 + $36,965 related
    Other
    $0 + $4,519 related
    Deferred
    $5,719 + $17,156 related
    Nontaxable benefits
    $6,521 + $19,562 related
    Filer's total
    $106,848 + $325,058 related

  • DOUGLAS PICHA

    CONSULTANT, SPEC PROJECTS/RELATIONS

    Total calculated
    $666,188
    From this org
    $83,290
    From related orgs
    $537,289
    Other
    $45,609
    Hours/week
    24

    Schedule J breakdown matched by us

    Base
    $83,290 + $225,635 related
    Bonus
    $0 + $305,016 related
    Other
    $0 + $6,638 related
    Deferred
    $0 + $22,875 related
    Nontaxable benefits
    $5,684 + $17,050 related
    Filer's total
    $88,974 + $577,214 related

  • JAMES OLSON

    DIRECTOR OF INVESTMENTS

    Total calculated
    $383,000
    From this org
    $175,209
    From related orgs
    $158,411
    Other
    $49,380
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $60,721 + $158,133 related
    Bonus
    $114,488
    Other
    $0 + $278 related
    Deferred
    $9,068 + $9,692 related
    Nontaxable benefits
    $7,655 + $22,965 related
    Filer's total
    $191,932 + $191,068 related

  • SAMANTHA SLOANE

    SR DIR, FINANCE & SYSTEM CONTROLLER

    Total calculated
    $360,814
    From this org
    $73,252
    From related orgs
    $241,837
    Other
    $45,725
    Hours/week
    12 + 38 related

    Schedule J breakdown matched by us

    Base
    $65,269 + $217,580 related
    Bonus
    $7,983 + $23,951 related
    Other
    $0 + $306 related
    Deferred
    $5,185 + $15,556 related
    Nontaxable benefits
    $6,246 + $18,738 related
    Filer's total
    $84,683 + $276,131 related

  • JORDAN SUMMERSIDE

    DIR, PARTNERSHIPS & SPECIAL PROJECTS

    Total calculated
    $238,751
    From this org
    $209,223
    From related orgs
    $232
    Other
    $29,296
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $184,966
    Bonus
    $14,575
    Other
    $9,682 + $232 related
    Deferred
    $15,971
    Nontaxable benefits
    $13,325
    Filer's total
    $238,519 + $232 related

  • CATHERINE CHILCOTT

    DIRECTOR - TREASURY SERVICES

    Total calculated
    $197,775
    From this org
    $134,578
    From related orgs
    $34,531
    Other
    $28,666
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,178 + $34,133 related
    Bonus
    $12,400
    Other
    $0 + $398 related
    Deferred
    $9,009 + $2,125 related
    Nontaxable benefits
    $13,587 + $3,945 related
    Filer's total
    $157,174 + $40,601 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, 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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE CHIEF EXECUTIVE OFFICER IS PROVIDED MEMBERSHIP TO THE RAINIER CLUB. ANNUAL DUES ARE REPORTED AS TAXABLE COMPENSATION.
PART I, LINE 4B
THE FOLLOWING PARTICIPATED IN, OR RECEIVED PAYMENT FROM, A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: JEFF SPERRING MD - $337,929 EMPLOYER CONTRIBUTIONS SUZANNE BEITEL - $104,344 EMPLOYER CONTRIBUTIONS, $553,886 TAXABLE PAYMENT RUSSELL WILLIAMS - $75,410 EMPLOYER CONTRIBUTIONS, $490,243 TAXABLE PAYMENT MYRA GREGORIAN - $88,588 EMPLOYER CONTRIBUTIONS, $415,898 TAXABLE PAYMENT ZAFAR CHAUDRY MD - $81,647 EMPLOYER CONTRIBUTIONS, $438,544 TAXABLE PAYMENT LISA HAYWARD - $90,212 EMPLOYER CONTRIBUTIONS
PART II, COLUMN (F):
THE FOLLOWING RECEIVED PAYMENT FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN, WHICH IS BEING REPORTED IN COLUMN (B)(III). THIS PORTION OF THAT COMPENSATION WAS REPORTED IN COLUMN (C) IN PRIOR FORMS 990 FOR SEATTLE CHILDREN'S HEALTHCARE SYSTEM: SUZANNE BEITEL - $449,543 THE FOLLOWING RECEIVED PAYMENT FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN, WHICH IS BEING REPORTED IN COLUMN (B)(III). THIS PORTION OF THAT COMPENSATION WAS REPORTED IN COLUMN (C) IN PRIOR FORMS 990 FOR SEATTLE CHILDREN'S HOSPITAL, A RELATED ORGANIZATION: RUSSELL WILLIAMS - $479,087 MYRA GREGORIAN - $365,028 ZAFAR CHAUDRY MD - $356,897

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

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.

  • SEATTLE CHILDREN'S HOSPITAL

    501(C)(3) · PEDIATRIC MEDICAL CARE · WA · controlled entity

    Directly controlled by SEATTLE CHILDREN'S HEALTHCARE SYSTEM

  • SEATTLE CHILDREN'S FOUNDATION

    501(C)(3) · FUNDRAISING · WA · controlled entity

    Directly controlled by SEATTLE CHILDREN'S HEALTHCARE SYSTEM

  • SEATTLE CHILDREN'S GUILD ASSOCIATION

    501(C)(3) · FUNDRAISING, CHILD ADVOCACY, AND PEDIATRIC HEALTH AWARENESS · WA · controlled entity

    Directly controlled by SEATTLE CHILDREN'S HEALTHCARE SYSTEM

  • CHILDREN'S RETAIL

    501(C)(3) · THRIFT STORES · WA · controlled entity

    Directly controlled by SEATTLE CHILDREN'S HEALTHCARE SYSTEM

  • CHILDREN'S HEALTH NETWORK

    501(C)(3) · PEDIATRIC HEALTHCARE SERVICES · WA · controlled entity

    Directly controlled by SEATTLE CHILDREN'S HEALTHCARE SYSTEM

  • UMBRELLA PEDIATRICS

    501(C)(3) · PEDIATRIC HEALTHCARE SERVICES · WA · controlled entity

    Directly controlled by SEATTLE CHILDREN'S HEALTHCARE SYSTEM

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SYZYGY PROPERTIES LLC

    REAL ESTATE MANAGEMENT · WA · income $667,270 · assets $4,008,730

    Directly controlled by SEATTLE CHILDREN'S HEALTHCARE SYSTEM

Related corporations and trusts

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

  • CHARITABLE REMAINDER UNITRUSTS (6)

    INVESTMENTS · WA · controlled entity

    Directly controlled by SEATTLE CHILDREN'S HEALTHCARE SYSTEM

  • CHARITABLE REMAINDER UNITRUSTS (6)

    INVESTMENTS · WA

  • CHARITABLE REMAINDER UNITRUST (1)

    INVESTMENTS · AK

  • CHARITABLE REMAINDER UNITRUSTS (3)

    INVESTMENTS · CA

  • CHARITABLE REMAINDER UNITRUST (1)

    INVESTMENTS · FL

  • CHARITABLE REMAINDER ANNUITY TRUSTS (2)

    INVESTMENTS · WA

  • PERPETUAL TRUSTS (7)

    INVESTMENTS · WA

  • POOLED INCOME FUND (1)

    INVESTMENTS · WA

  • CHARITABLE LEAD ANNUITY TRUST (1)

    INVESTMENTS · WA

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202442279349301039

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