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Nonprofiteer
← LURIE CHILDRENS MEDICAL GROUP INC

Form 990 for tax year 2023

Filed by LURIE CHILDRENS MEDICAL GROUP INC.

Totals

Total revenue
$267,533,084
Total expenses
$263,459,933
Contributions and grants received
$60,214,300
Grants paid
$0
Program service revenue
$207,318,784
Investment income
$0
Other revenue
$0
Total assets, end of year
$26,998,201
Total liabilities, end of year
$28,640,043
Net assets or fund balances, end of year
-$1,641,842
Program services expenses (Part IX)
$260,189,709
Management and general expenses
$3,270,224
Fundraising expenses
$0
Program service expenses (Part III)
$260,189,709

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

  • Estella Alonso MD

    Ex-Officio Director Begin 10/13/23/Interim Chair

    Total calculated
    $519,736
    From this org
    $480,651
    From related orgs
    $0
    Other
    $39,085
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $411,133
    Bonus
    $68,460
    Other
    $1,058
    Deferred
    $33,000
    Nontaxable benefits
    $6,085
    Filer's total
    $519,736

  • Matthew Davis MD

    Ex-Officio Director Through 10/12/23/President and Chair

    Total calculated
    $536,284
    From this org
    $503,284
    From related orgs
    $0
    Other
    $33,000
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $502,847
    Bonus
    $0
    Other
    $437
    Deferred
    $33,000
    Nontaxable benefits
    $0
    Filer's total
    $536,284

  • Barbara Sullivan

    Director Begin 12/14/23

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • 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 Through 12/14/23

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Thomas P Shanley MD

    Ex-Officio Director/President & CEO LCH

    Total calculated
    $2,532,881
    From this org
    $0
    From related orgs
    $1,901,209
    Other
    $631,672
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,161,265 related
    Bonus
    $0 + $573,513 related
    Other
    $0 + $166,431 related
    Deferred
    $0 + $596,393 related
    Nontaxable benefits
    $0 + $35,279 related
    Filer's total
    $0 + $2,532,881 related

  • Alex P Miller

    SVP, Chief Financial Officer

    Total calculated
    $744,798
    From this org
    $0
    From related orgs
    $701,490
    Other
    $43,308
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $480,682 related
    Bonus
    $0 + $220,304 related
    Other
    $0 + $504 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $26,808 related
    Filer's total
    $0 + $744,798 related

  • Fatema Zanzi

    EVP, Chief Admin & Legal Officer, Corp Sec (begin 01/09/24)

    Total calculated
    $875,842
    From this org
    $0
    From related orgs
    $726,640
    Other
    $149,202
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $512,206 related
    Bonus
    $0 + $213,651 related
    Other
    $0 + $783 related
    Deferred
    $0 + $145,228 related
    Nontaxable benefits
    $0 + $3,974 related
    Filer's total
    $0 + $875,842 related

  • Annette M Wagner MD

    Physician

    Total calculated
    $711,908
    From this org
    $640,374
    From related orgs
    $0
    Other
    $71,534
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $369,525
    Bonus
    $270,057
    Other
    $792
    Deferred
    $33,000
    Nontaxable benefits
    $38,534
    Filer's total
    $711,908

  • Derek S Wheeler MD

    EVP, Chief Operating Officer (Begin 01/09/24)

    Total calculated
    $1,049,589
    From this org
    $864,411
    From related orgs
    $0
    Other
    $185,178
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $612,529
    Bonus
    $251,100
    Other
    $782
    Deferred
    $156,087
    Nontaxable benefits
    $29,091
    Filer's total
    $1,049,589

  • Jeffrey L Loughead MD

    Physician/Medical Director

    Total calculated
    $668,940
    From this org
    $596,161
    From related orgs
    $0
    Other
    $72,779
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $544,599
    Bonus
    $50,038
    Other
    $1,524
    Deferred
    $33,000
    Nontaxable benefits
    $39,779
    Filer's total
    $668,940

  • Kenneth M Brady MD

    Physician Through 12/1/23

    Total calculated
    $674,903
    From this org
    $603,670
    From related orgs
    $0
    Other
    $71,233
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $601,674
    Bonus
    $1,500
    Other
    $496
    Deferred
    $33,000
    Nontaxable benefits
    $38,233
    Filer's total
    $674,903

  • Patrick Seed MD PhD

    Physician

    Total calculated
    $639,128
    From this org
    $567,594
    From related orgs
    $0
    Other
    $71,534
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $450,378
    Bonus
    $116,700
    Other
    $516
    Deferred
    $33,000
    Nontaxable benefits
    $38,534
    Filer's total
    $639,128

  • Brenda Davis

    Former Interim Chief Financial Officer Through 2/6/23

    Total calculated
    $402,417
    From this org
    $0
    From related orgs
    $370,034
    Other
    $32,383
    Hours/week
    0 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,869 related
    Bonus
    $0 + $62,909 related
    Other
    $0 + $1,256 related
    Deferred
    $0 + $15,629 related
    Nontaxable benefits
    $0 + $16,754 related
    Filer's total
    $0 + $402,417 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

  • 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 INDIVIDUAL PARTICIPATED IN THE DC SERP AND RECEIVED A VESTED PAYMENT DURING 2023 WHICH IS REPORTED IN COLUMN B (III): THOMAS P. SHANLEY, MD $162,149 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 2023) 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 2023 FORM 990 OF LURIE CHILDREN'S, FEIN 36-2170833. ALEX P. MILLER BRENDA DAVIS FATEMA ZANZI 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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
10 July 2025
IRS schema version
2023v6.0
Source object
202521919349301817

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