Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $3,013,701

• 1e · Government grants (contributions)

  $479,419

• 1f · All other contributions, gifts and grants

  $5,293,385

• 2a · Program service revenue: SEQUENCING REVENUE

  total $11,239,161 · related or exempt $11,239,161

• 2b · Program service revenue: CONFERENCING REVENUE

  total $131,232 · related or exempt $131,232

• 3 · Investment income

  total $468,028 · excluded $468,028

• 7a · Gross sales of assets other than inventory

  securities $13,267,654

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

  securities $12,601,267

• 7c · Gain or loss

  securities $666,387

• 7d · Net gain or loss

  total $666,387 · excluded $666,387

• 11a · Other revenue: REFERRAL FEES

  total $50,000 · excluded $50,000

• 11b · Other revenue: SPEAKING HONORARIUMS

  total $7,999 · excluded $7,999

• 11e · Other revenue, total

  $57,999

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,628,189 · program services $494,104 · management and general $1,067,626 · fundraising $66,459

• 7 · Other salaries and wages

  total $10,855,783 · program services $6,099,646 · management and general $4,756,137

• 9 · Other employee benefits

  total $2,455,571 · program services $1,297,130 · management and general $1,145,393 · fundraising $13,048

• 11b · Fees: legal

  total $468,272 · management and general $468,272

• 11f · Fees: investment management

  total $9,621 · management and general $9,621

• 11g · Fees: other

  total $5,464,905 · program services $2,499,968 · management and general $2,964,937

• 12 · Advertising and promotion

  total $89,879 · management and general $89,879

• 13 · Office expenses

  total $19,899 · management and general $19,899

• 14 · Information technology

  total $1,790,655 · program services $1,353,043 · management and general $437,612

• 16 · Occupancy

  total $1,556,116 · program services $1,244,893 · management and general $311,223

• 17 · Travel

  total $163,112 · management and general $163,112

• 19 · Conferences, conventions and meetings

  total $347,064 · program services $304,027 · management and general $43,037

• 22 · Depreciation, depletion and amortization

  total $1,218,701 · program services $792,156 · management and general $426,545

• 24a · Other expenses: LAB SUPPLIES

  total $2,902,171 · program services $2,902,142 · management and general $29

• 24b · Other expenses: OTHER EXPENSES

  total $170,776 · management and general $170,776

• 24c · Other expenses: SHIPPING

  total $57,330 · management and general $57,330

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $44,880 · management and general $44,880

• 24e · All other expenses

  total $800 · management and general $800

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,368,162 · end of year $832,204

• 3 · Pledges and grants receivable

  beginning of year $239,491 · end of year $165,324

• 4 · Accounts receivable

  beginning of year $3,714,015 · end of year $2,566,007

• 8 · Inventories for sale or use

  beginning of year $607,500 · end of year $802,556

• 9 · Prepaid expenses and deferred charges

  beginning of year $527,098 · end of year $541,817

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

  $12,119,646

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

  $9,396,638

• 10c · Land, buildings and equipment, net

  beginning of year $4,317,103 · end of year $2,723,008

• 11 · Investments: publicly traded securities

  beginning of year $19,571,505 · end of year $25,886,870

• 12 · Investments: other securities

  beginning of year $2,824,118 · end of year $2,824,118

• 15 · Other assets

  beginning of year $0 · end of year $3,428,720

• 17 · Accounts payable and accrued expenses

  beginning of year $8,957,615 · end of year $1,505,821

• 19 · Deferred revenue

  beginning of year $10,000 · end of year $2,683,749

• 27 · Net assets without donor restrictions

  beginning of year $6,150,229 · end of year $13,303,262

• 28 · Net assets with donor restrictions

  beginning of year $20,051,148 · end of year $22,277,792

The filer's explanations (Part III)

PART I, LINE 1A:

RADY CHILDREN'S HOSPITAL RESEARCH CENTER (RCHRC) PROVIDED A DISCRETIONARY SPENDING ACCOUNT TO THREE OFFICERS LISTED ON FORM 990, PART VII. THE AMOUNT PROVIDED WAS INCLUDED IN EACH OF THE INDIVIDUAL'S TAXABLE INCOME.

PART 1, LINE 3:

RADY CHILDREN'S HOSPITAL RESEARCH CENTER (RCHRC) RELIED ON A RELATED ORGANIZATION, RADY CHILDREN'S HEALTH (RCH), THAT USES ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J, PART I, LINE 3, TO ESTABLISH THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL'S COMPENSATION. SEE FORM 990, PART VI, SECTION B, LINE 15 FOR ADDITIONAL INFORMATION.

PART I, LINE 4A:

LAKSHMINARASIMHA MADHAVRAO RECEIVED A SEVERANCE PAYMENT OF $127,670 AND RUSSEL NOFSINGER RECEIVED A SEVERANCE PAYMENT OF $132,662 IN 2024.

PART I, LINE 4B:

THE SUBSIDIARIES OF RADY CHILDREN'S HEALTH HAVE ESTABLISHED VARIOUS NON-QUALIFIED PLANS PURSUANT TO 457(F) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THIS PLAN IS TO INCENTIVIZE ELIGIBLE SENIOR MANAGEMENT EMPLOYEES IN RECOGNITION OF THE FACT THAT THEY ARE REQUIRED TO DEVOTE SIGNIFICANT AMOUNTS OF TIME, SKILL, AND ENERGY TO THE ORGANIZATION. THE AMOUNTS INCLUDED IN SCHEDULE J, PART II COLUMN (C) ARE SUBJECT TO SUBSTANTIAL FUTURE SERVICE REQUIREMENTS TO THE ORGANIZATION AND ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. ONCE VESTED, THE AMOUNTS UNDER THIS PLAN ARE REPORTED ON FORM W-2 AS TAXABLE COMPENSATION TO THE INDIVIDUALS. THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM THE PLAN DURING CALENDAR YEAR 2024: ANGELA VIEIRA ($232,933), CHARLES DAVIS, MD ($108,562), GAIL KNIGHT, MD ($120,029), JAMES ULI ($106,603), JAY GABRIEL ($72,752), JILL STRICKLAND ($80,826), KATARZYNA ELLSWORTH ($7,860), KIMBERLY CRIPE ($264,989), LAKSHMINARASIMHA MADHAVRAO ($6,483), LUCIA GUIDUGLI ($3,483), LYNN PEREZ ($24,585), PATRICK FRIAS ($398,132), RUSSELL NOFSINGER ($8,821), STEPHEN JENNINGS ($101,677), STEPHEN KINGSMORE ($147,002), WENDY BENSON ($43,894), AND JENNIFER SCHLEIT ($2,360).

Related corporations and trusts

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

• ORANGE COUNTY MEDICAL RECIPROCAL INSURANCE COMPANY A RISK RETENTION GROUP

  C · INSURANCE · AZ

• CHILDREN'S HOSPITAL INSURANCE LIMITED

  C · CAPTIVE INSURANCE · BD

  Directly controlled by CHIRP

• CHILDREN'S HOSPITAL INTEGRATED RISK PROTECTIVE LIMITED

  C · CAPTIVE INSURANCE · BD

  Directly controlled by RCH

• CRUT (1)

  T · CRUT · CA

  Directly controlled by RCH

• RADY CHILDREN'S PHYSICIAN MGMT SERVICES INC

  C · MANAGEMENT SVCS · CA

  Directly controlled by RCH