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Nonprofiteer
← CHILDRENS HOSPITAL RADIOLOGY FOUNDATION INC

Form 990 for tax year 2023

Filed by CHILDRENS HOSPITAL RADIOLOGY FOUNDATION INC.

Totals

Total revenue
$50,509,505
Total expenses
$43,372,348
Contributions and grants received
$2,398,694
Grants paid
$9,499
Program service revenue
$43,261,277
Investment income
$4,414,584
Other revenue
$434,950
Total assets, end of year
$66,283,020
Total liabilities, end of year
$6,647,439
Net assets or fund balances, end of year
$59,635,581
Program services expenses (Part IX)
$40,727,385
Management and general expenses
$2,644,963
Fundraising expenses
$0
Program service expenses (Part III)
$40,727,385

Program services were 93.9% 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

    $2,398,694

  • 2a · Program service revenue: Patient Service Revenue

    total $37,541,404 · related or exempt $37,541,404

  • 2b · Program service revenue: Other revenue

    total $3,825,709 · related or exempt $3,825,709

  • 2c · Program service revenue: Education and Research

    total $1,894,164 · related or exempt $1,894,164

  • 3 · Investment income

    total $1,002,131 · excluded $1,002,131

  • 7a · Gross sales of assets other than inventory

    securities $8,310,785

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

    securities $4,898,332

  • 7c · Gain or loss

    securities $3,412,453

  • 7d · Net gain or loss

    total $3,412,453 · excluded $3,412,453

  • 11a · Other revenue: Non-operating pension gains

    total $434,950 · excluded $434,950

  • 11e · Other revenue, total

    $434,950

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,499 · program services $9,499

  • 5 · Compensation of officers, directors and key employees

    total $4,529,706 · program services $4,529,706

  • 7 · Other salaries and wages

    total $23,317,443 · program services $22,050,976 · management and general $1,266,467

  • 8 · Pension plan contributions

    total $2,686,380 · program services $2,686,380

  • 9 · Other employee benefits

    total $3,329,632 · program services $3,329,632

  • 10 · Payroll taxes

    total $839,325 · program services $830,074 · management and general $9,251

  • 11b · Fees: legal

    total $47,044 · management and general $47,044

  • 11c · Fees: accounting

    total $22,143 · management and general $22,143

  • 11f · Fees: investment management

    total $143,690 · management and general $143,690

  • 11g · Fees: other

    total $1,056,322 · program services $252,849 · management and general $803,473

  • 13 · Office expenses

    total $363,350 · program services $72,938 · management and general $290,412

  • 14 · Information technology

    total $200,555 · program services $200,555

  • 17 · Travel

    total $88,620 · program services $88,620

  • 22 · Depreciation, depletion and amortization

    total $28,323 · program services $28,323

  • 23 · Insurance

    total $541,682 · program services $479,199 · management and general $62,483

  • 24a · Other expenses: Medical service equipme

    total $1,681,004 · program services $1,681,004

  • 24b · Other expenses: BCH Tax

    total $1,501,656 · program services $1,501,656

  • 24c · Other expenses: Billing services

    total $1,238,365 · program services $1,238,365

  • 24d · Other expenses: PO management services

    total $977,166 · program services $977,166

  • 24e · All other expenses

    total $770,443 · program services $770,443

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,356,178 · end of year $10,032,112

  • 2 · Savings and temporary cash investments

    beginning of year $2,514,861 · end of year $3,190,966

  • 4 · Accounts receivable

    beginning of year $4,680,620 · end of year $4,240,181

  • 7 · Other notes and loans receivable

    beginning of year $401,000 · end of year $836,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $198,928 · end of year $177,831

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

    $174,294

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

    $149,049

  • 10c · Land, buildings and equipment, net

    beginning of year $29,960 · end of year $25,245

  • 11 · Investments: publicly traded securities

    beginning of year $38,242,826 · end of year $34,867,037

  • 15 · Other assets

    beginning of year $6,789,210 · end of year $12,913,648

  • 17 · Accounts payable and accrued expenses

    beginning of year $646,445 · end of year $749,445

  • 18 · Grants payable

    beginning of year $166,667

  • 25 · Other liabilities

    beginning of year $2,496,459 · end of year $5,897,994

  • 27 · Net assets without donor restrictions

    beginning of year $53,382,376 · end of year $54,977,808

  • 28 · Net assets with donor restrictions

    beginning of year $4,521,636 · end of year $4,657,773

Mission and programs · 2023

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.

    Expenses $40,727,385 · Grants $9,499 · Revenue $43,261,277

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Caroline D Robson MD

    Treas. (10/23-12/23)/Dir (1/24-9/24)

    Total calculated
    $635,155
    From this org
    $556,628
    From related orgs
    $0
    Other
    $78,527
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $481,046
    Bonus
    $25,936
    Other
    $49,646
    Deferred
    $35,000
    Nontaxable benefits
    $43,527
    Filer's total
    $635,155

  • Kirsten Ecklund MD

    Director

    Total calculated
    $469,298
    From this org
    $391,774
    From related orgs
    $0
    Other
    $77,524
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $329,085
    Bonus
    $18,774
    Other
    $43,915
    Deferred
    $35,000
    Nontaxable benefits
    $42,524
    Filer's total
    $469,298

  • Horacio M PaduaMD

    Director

    Total calculated
    $711,689
    From this org
    $633,081
    From related orgs
    $0
    Other
    $78,608
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $562,390
    Bonus
    $25,936
    Other
    $44,755
    Deferred
    $35,000
    Nontaxable benefits
    $43,608
    Filer's total
    $711,689

  • Sarah Bixby MD

    Director

    Total calculated
    $647,274
    From this org
    $568,747
    From related orgs
    $0
    Other
    $78,527
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $510,394
    Bonus
    $25,936
    Other
    $32,417
    Deferred
    $35,000
    Nontaxable benefits
    $43,527
    Filer's total
    $647,274

  • Tina Young Poussaint MD

    President

    Total calculated
    $1,118,369
    From this org
    $1,039,799
    From related orgs
    $0
    Other
    $78,570
    Hours/week
    55 + 5 related

    Schedule J breakdown matched by us

    Base
    $648,069
    Bonus
    $335,832
    Other
    $55,898
    Deferred
    $35,000
    Nontaxable benefits
    $43,570
    Filer's total
    $1,118,369

  • Neha S Kwatra MD

    Director

    Total calculated
    $436,309
    From this org
    $358,946
    From related orgs
    $0
    Other
    $77,363
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $310,740
    Bonus
    $20,749
    Other
    $27,457
    Deferred
    $35,000
    Nontaxable benefits
    $42,363
    Filer's total
    $436,309

  • Michael George MD

    Dir (10/23-12/23)/Treas. (1/24-9/24)

    Total calculated
    $504,222
    From this org
    $429,618
    From related orgs
    $0
    Other
    $74,604
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $392,361
    Bonus
    $25,936
    Other
    $11,321
    Deferred
    $35,000
    Nontaxable benefits
    $39,604
    Filer's total
    $504,222

  • Physicians Org at CH Inc

    Institutional Trustee

    Total calculated
    $0
    Hours/week
    2

  • Darren B Orbach MD PhD

    Radiologist

    Total calculated
    $761,357
    From this org
    $682,698
    From related orgs
    $0
    Other
    $78,659
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $631,650
    Bonus
    $12,772
    Other
    $38,276
    Deferred
    $35,000
    Nontaxable benefits
    $43,659
    Filer's total
    $761,357

  • Ahmad Alomari MD

    Radiologist

    Total calculated
    $737,517
    From this org
    $658,858
    From related orgs
    $0
    Other
    $78,659
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $600,982
    Bonus
    $25,936
    Other
    $31,940
    Deferred
    $35,000
    Nontaxable benefits
    $43,659
    Filer's total
    $737,517

  • Irene G Paresky

    Employee

    Total calculated
    $729,145
    From this org
    $654,202
    From related orgs
    $0
    Other
    $74,943
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $495,826
    Bonus
    $100,056
    Other
    $58,320
    Deferred
    $35,000
    Nontaxable benefits
    $39,943
    Filer's total
    $729,145

  • Valerie L Ward MD

    Radiologist

    Total calculated
    $661,622
    From this org
    $583,166
    From related orgs
    $0
    Other
    $78,456
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $445,480
    Bonus
    $111,726
    Other
    $25,960
    Deferred
    $35,000
    Nontaxable benefits
    $43,456
    Filer's total
    $661,622

  • Edward Y Lee MD

    Radiologist

    Total calculated
    $644,318
    From this org
    $585,808
    From related orgs
    $0
    Other
    $58,510
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $516,835
    Bonus
    $25,936
    Other
    $43,037
    Deferred
    $35,000
    Nontaxable benefits
    $23,510
    Filer's total
    $644,318

  • Jeanne S Chow MD

    Former President

    Total calculated
    $632,846
    From this org
    $554,522
    From related orgs
    $0
    Other
    $78,324
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $453,478
    Bonus
    $62,662
    Other
    $38,382
    Deferred
    $35,000
    Nontaxable benefits
    $43,324
    Filer's total
    $632,846

  • Richard Robertson MD

    Former President

    Total calculated
    $739,826
    From this org
    $661,167
    From related orgs
    $0
    Other
    $78,659
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $590,633
    Bonus
    $18,038
    Other
    $52,496
    Deferred
    $35,000
    Nontaxable benefits
    $43,659
    Filer's total
    $739,826

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, and life insurance. 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
3 June 2025
IRS schema version
2023v6.0
Source object
202511719349300521

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