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Nonprofiteer
← CHILDRENS HOSPITAL RADIOLOGY FOUNDATION INC

Form 990 for tax year 2024

Filed by CHILDRENS HOSPITAL RADIOLOGY FOUNDATION INC.

Totals

Total revenue
$50,497,603
Total expenses
$46,448,227
Contributions and grants received
$517,172
Grants paid
$0
Program service revenue
$44,840,069
Investment income
$3,470,886
Other revenue
$1,669,476
Total assets, end of year
$72,667,559
Total liabilities, end of year
$3,981,413
Net assets or fund balances, end of year
$68,686,146
Program services expenses (Part IX)
$43,970,278
Management and general expenses
$2,477,949
Fundraising expenses
$0
Program service expenses (Part III)
$43,970,278

Program services were 94.7% 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

    $517,172

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $39,716,815 · related or exempt $39,716,815

  • 2b · Program service revenue: OTHER REVENUE

    total $3,064,907 · related or exempt $3,064,907

  • 2c · Program service revenue: EDUCATION AND RESEARCH

    total $2,058,347 · related or exempt $2,058,347

  • 3 · Investment income

    total $1,245,746 · excluded $1,245,746

  • 7a · Gross sales of assets other than inventory

    securities $30,851,415

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

    securities $28,626,275

  • 7c · Gain or loss

    securities $2,225,140

  • 7d · Net gain or loss

    total $2,225,140 · excluded $2,225,140

  • 11a · Other revenue: NON-OPERATING PENSION GAINS

    total $1,121,901 · excluded $1,121,901

  • 11b · Other revenue: INSURANCE REBATE

    total $547,575 · excluded $547,575

  • 11e · Other revenue, total

    $1,669,476

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $7,041,007 · program services $7,041,007

  • 7 · Other salaries and wages

    total $25,018,958 · program services $23,014,469 · management and general $2,004,489

  • 8 · Pension plan contributions

    total $3,223,302 · program services $3,223,302

  • 9 · Other employee benefits

    total $3,388,773 · program services $3,388,773

  • 10 · Payroll taxes

    total $960,727 · program services $950,227 · management and general $10,500

  • 11b · Fees: legal

    total $107,551 · management and general $107,551

  • 11f · Fees: investment management

    total $161,615 · management and general $161,615

  • 11g · Fees: other

    total $823,170 · program services $823,170

  • 13 · Office expenses

    total $393,490 · program services $257,213 · management and general $136,277

  • 14 · Information technology

    total $227,504 · program services $227,504

  • 17 · Travel

    total $292,088 · program services $292,088

  • 19 · Conferences, conventions and meetings

    total $2,064 · program services $2,064

  • 22 · Depreciation, depletion and amortization

    total $7,563 · program services $7,563

  • 23 · Insurance

    total $851,387 · program services $793,870 · management and general $57,517

  • 24a · Other expenses: BILLING SERVICES

    total $1,085,123 · program services $1,085,123

  • 24b · Other expenses: PO MANAGEMENT SERVICES

    total $926,653 · program services $926,653

  • 24c · Other expenses: BCH ADMINISTRATION FEE

    total $794,336 · program services $794,336

  • 24d · Other expenses: COORDINATED SPECIALTY P

    total $769,349 · program services $769,349

  • 24e · All other expenses

    total $373,567 · program services $373,567

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,032,112 · end of year $7,958,094

  • 2 · Savings and temporary cash investments

    beginning of year $3,190,966 · end of year $2,383,981

  • 4 · Accounts receivable

    beginning of year $4,240,181 · end of year $5,517,802

  • 7 · Other notes and loans receivable

    beginning of year $836,000 · end of year $503,333

  • 9 · Prepaid expenses and deferred charges

    beginning of year $177,831 · end of year $203,555

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

    $186,387

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

    $156,613

  • 10c · Land, buildings and equipment, net

    beginning of year $25,245 · end of year $29,774

  • 11 · Investments: publicly traded securities

    beginning of year $34,867,037 · end of year $40,339,697

  • 15 · Other assets

    beginning of year $12,913,648 · end of year $15,731,323

  • 17 · Accounts payable and accrued expenses

    beginning of year $749,445 · end of year $1,255,077

  • 25 · Other liabilities

    beginning of year $5,897,994 · end of year $2,726,336

  • 27 · Net assets without donor restrictions

    beginning of year $54,977,808 · end of year $65,031,923

  • 28 · Net assets with donor restrictions

    beginning of year $4,657,773 · end of year $3,654,223

Mission and programs · 2024

Mission

THE FOUNDATION WAS ORGANIZED AND OPERATES EXCLUSIVELY FOR THE BENEFIT OF BOSTON CHILDREN'S HOSPITAL (THE HOSPITAL) AND HARVARD MEDICAL SCHOOL (HARVARD). THE FOUNDATION IS SUBJECT TO ESTABLISHED POLICIES, PRACTICES, AND PROCEDURES OF THE HOSPITAL AND (SEE SCHEDULE O) HARVARD. THE FOUNDATION PROVIDES RADIOLOGY SERVICES PRIMARILY TO PATIENTS AT THE HOSPITAL AND AT SATELLITE LOCATIONS.

Activities or mission (Part I)

THE FOUNDATION PROVIDES MEDICAL, SCIENTIFIC, AND EDUCATIONAL SERVICES FOR THE (SEE SCHEDULE O) PATIENTS OF BOSTON CHILDREN'S HOSPITAL.

  • THE FOUNDATION PROVIDES RADIOLOGY SERVICES TO PATIENTS AT BOSTON CHILDREN'S HOSPITAL. IT ALSO CARRIES ON AND PROMOTES BASIC AND APPLIED MEDICAL RESEARCH AND EDUCATION IN THE FIELD OF PEDIATRIC RADIOLOGY BY TEACHING STUDENTS AND OTHER MEDICAL AND SCIENTIFIC PERSONNEL; BY PROVIDING OR SUPPLEMENTING INCOME TO RESEARCH PERSONNEL THROUGH FELLOWSHIPS, RESEARCH GRANTS, AND STIPENDS; AND BY GIVING LECTURES AND PUBLISHING INFORMATION REGARDING PROBLEMS AND RESEARCH RESULTS IN THE FIELD OF PEDIATRIC RADIOLOGY IN ORDER TO EDUCATE THE MEDICAL PROFESSION AND THE GENERAL PUBLIC. THE FOUNDATION MAY CHARGE FOR PATIENT CARE AND OTHER MEDICAL SERVICES, PROVIDED THAT ANY NET INCOME BE USED EXCLUSIVELY FOR THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES FOR WHICH THE FOUNDATION WAS CREATED. THE FOUNDATION (SEE SCHEDULE O) PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER THE HOSPITAL'S FREE-CARE POLICY WITHOUT CHARGE OR AT AN AMOUNT LESS THAN ITS ESTABLISHED RATES. DURING THE YEAR ENDED SEPTEMBER 30, 2025, THE FOUNDATION HAD 284,356 CPT CODES BILLED. THE FOUNDATION PROVIDED $477,883 IN FREE CARE SERVICES AND PROVIDED FUNDING OF $2,058,347 FOR TEACHING OR EDUCATIONAL INITIATIVES FOR THE YEAR ENDED SEPTEMBER 30, 2025.

    Expenses $43,970,278 · Revenue $44,840,069

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

Listed in Part VII

  • Caroline D Robson MD

    CLERK

    Total calculated
    $666,944
    From this org
    $588,007
    From related orgs
    $0
    Other
    $78,937
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $507,916
    Bonus
    $24,051
    Other
    $56,040
    Deferred
    $35,000
    Nontaxable benefits
    $43,937
    Filer's total
    $666,944

  • Kirsten Ecklund MD

    DIRECTOR

    Total calculated
    $436,839
    From this org
    $356,594
    From related orgs
    $0
    Other
    $80,245
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $252,133
    Bonus
    $12,026
    Other
    $92,435
    Deferred
    $35,000
    Nontaxable benefits
    $45,245
    Filer's total
    $436,839

  • Horacio M Padua MD

    DIRECTOR (10/24-3/25)

    Total calculated
    $726,535
    From this org
    $644,413
    From related orgs
    $0
    Other
    $82,122
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $569,495
    Bonus
    $24,051
    Other
    $50,867
    Deferred
    $35,000
    Nontaxable benefits
    $47,122
    Filer's total
    $726,535

  • Sarah Bixby MD

    DIRECTOR (10/24-12/24)

    Total calculated
    $671,812
    From this org
    $589,798
    From related orgs
    $0
    Other
    $82,014
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $479,828
    Bonus
    $24,051
    Other
    $85,919
    Deferred
    $35,000
    Nontaxable benefits
    $47,014
    Filer's total
    $671,812

  • Tina Young Poussaint MD

    PRESIDENT

    Total calculated
    $1,114,892
    From this org
    $1,032,830
    From related orgs
    $0
    Other
    $82,062
    Hours/week
    55 + 5 related

    Schedule J breakdown matched by us

    Base
    $897,400
    Bonus
    $66,551
    Other
    $68,879
    Deferred
    $35,000
    Nontaxable benefits
    $47,062
    Filer's total
    $1,114,892

  • Neha S Kwatra MD

    DIRECTOR (10/24-12/24)

    Total calculated
    $464,410
    From this org
    $389,443
    From related orgs
    $0
    Other
    $74,967
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $341,853
    Bonus
    $19,241
    Other
    $28,349
    Deferred
    $35,000
    Nontaxable benefits
    $39,967
    Filer's total
    $464,410

  • Michael George MD

    TREASURER (10/24-12/24)

    Total calculated
    $539,932
    From this org
    $461,403
    From related orgs
    $0
    Other
    $78,529
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $424,265
    Bonus
    $24,051
    Other
    $13,087
    Deferred
    $35,000
    Nontaxable benefits
    $43,529
    Filer's total
    $539,932

  • Joanne Rispoli MD

    DIRECTOR (1/25-9/25)

    Total calculated
    $550,437
    From this org
    $468,809
    From related orgs
    $0
    Other
    $81,628
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $378,750
    Bonus
    $24,051
    Other
    $66,008
    Deferred
    $35,000
    Nontaxable benefits
    $46,628
    Filer's total
    $550,437

  • Patrick Duffy MD

    DIRECTOR (1/25-9/25)

    Total calculated
    $638,098
    From this org
    $560,218
    From related orgs
    $0
    Other
    $77,880
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $363,734
    Bonus
    $24,051
    Other
    $172,433
    Deferred
    $35,000
    Nontaxable benefits
    $42,880
    Filer's total
    $638,098

  • Edward Yang MD

    TREASURER (1/25-9/25)

    Total calculated
    $550,484
    From this org
    $490,438
    From related orgs
    $0
    Other
    $60,046
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $427,395
    Bonus
    $24,051
    Other
    $38,992
    Deferred
    $35,000
    Nontaxable benefits
    $25,046
    Filer's total
    $550,484

  • Josee Dubois MD

    DIRECTOR (3/25-9/25)

    Total calculated
    $0
    Hours/week
    60

  • Physicians Org At Ch Inc

    INSTITUTIONAL TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Darren B Orbach MD PhD

    RADIOLOGIST

    Total calculated
    $858,822
    From this org
    $776,685
    From related orgs
    $0
    Other
    $82,137
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $650,978
    Bonus
    $104,095
    Other
    $21,612
    Deferred
    $35,000
    Nontaxable benefits
    $47,137
    Filer's total
    $858,822

  • Ahmad Alomari MD

    RADIOLOGIST

    Total calculated
    $746,241
    From this org
    $664,104
    From related orgs
    $0
    Other
    $82,137
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $608,094
    Bonus
    $24,051
    Other
    $31,959
    Deferred
    $35,000
    Nontaxable benefits
    $47,137
    Filer's total
    $746,241

  • Michael J Callahan MD

    RADIOLOGIST

    Total calculated
    $663,295
    From this org
    $581,250
    From related orgs
    $0
    Other
    $82,045
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $507,876
    Bonus
    $24,051
    Other
    $49,323
    Deferred
    $35,000
    Nontaxable benefits
    $47,045
    Filer's total
    $663,295

  • Valerie L Ward MD

    RADIOLOGIST

    Total calculated
    $804,505
    From this org
    $725,623
    From related orgs
    $0
    Other
    $78,882
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $514,259
    Bonus
    $184,750
    Other
    $26,614
    Deferred
    $35,000
    Nontaxable benefits
    $43,882
    Filer's total
    $804,505

  • Edward Y Lee MD

    RADIOLOGIST

    Total calculated
    $701,562
    From this org
    $641,413
    From related orgs
    $0
    Other
    $60,149
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $495,396
    Bonus
    $24,051
    Other
    $121,966
    Deferred
    $35,000
    Nontaxable benefits
    $25,149
    Filer's total
    $701,562

  • Jeanne S Chow MD

    FORMER PRESIDENT

    Total calculated
    $496,162
    From this org
    $414,564
    From related orgs
    $0
    Other
    $81,598
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $350,197
    Bonus
    $19,241
    Other
    $45,126
    Deferred
    $35,000
    Nontaxable benefits
    $46,598
    Filer's total
    $496,162

  • Richard Robertson MD

    FORMER PRESIDENT

    Total calculated
    $822,894
    From this org
    $740,757
    From related orgs
    $0
    Other
    $82,137
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $658,820
    Bonus
    $27,818
    Other
    $54,119
    Deferred
    $35,000
    Nontaxable benefits
    $47,137
    Filer's total
    $822,894

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 · Tax indemnification and gross-up payments
  • 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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 1A
THE FOUNDATION PROVIDES GROSS-UP PAYMENTS FOR MORTGAGE FORGIVENESS, LONG-TERM DISABILITY INSURANCE, LIFE INSURANCE, AND SOCIAL CLUB DUES. THESE PAYMENTS ARE INCLUDED AS TAXABLE WAGES DURING THE YEAR. ALL PERMANENT FULL-TIME EMPLOYEES OF THE FOUNDATION ARE ELIGIBLE FOR THE GROSS-UP PAYMENTS.
PART I, LINE 7
BONUS COMPENSATION IS BASED ON A BUDGETED AMOUNT. THE AMOUNT IS DISTRIBUTED EQUALLY BASED ON THE PHYSICIAN'S FULL-TIME EQUIVALENT. BONUSES FOR THE CHIEF ARE REVIEWED AND APPROVED BY HOSPITAL LEADERSHIP INCLUDING THE CEO.

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
2024
Filed
11 August 2026
IRS schema version
2024v5.5
Source object
202602239349301110

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