Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $0

• 1e · Government grants (contributions)

  $0

• 1f · All other contributions, gifts and grants

  $0

• 1g · Noncash contributions included above

  $0

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $312,984,811 · related or exempt $312,984,811 · unrelated business $0 · excluded $0

• 2b · Program service revenue: PROGRAM SUPPORT - BAYLOR

  total $465,796,728 · related or exempt $465,796,728 · unrelated business $0 · excluded $0

• 2c · Program service revenue: BILLING AND COLLECTION

  total $1,538,271 · related or exempt $1,538,271 · unrelated business $0 · excluded $0

• 2d · Program service revenue: MANAGEMENT SERVICES

  total $234,870 · related or exempt $234,870 · unrelated business $0 · excluded $0

• 2e · Program service revenue

  total $0 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

  total $50,602 · related or exempt $50,602 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $46,915 · related or exempt $0 · unrelated business $0 · excluded $46,915

• 4 · Income from investment of tax-exempt bond proceeds

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 5 · Royalties

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6a · Gross rents

  real property $0 · personal property $0

• 6b · Less rental expenses

  real property $0 · personal property $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 7a · Gross sales of assets other than inventory

  securities $0 · other assets $400

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

  securities $0 · other assets $372,479

• 7c · Gain or loss

  securities $0 · other assets -$372,079

• 7d · Net gain or loss

  total -$372,079 · related or exempt $0 · unrelated business $0 · excluded -$372,079

• 8a · Fundraising events: gross income

  $0

• 8a · Fundraising events: contributions included on line 1c

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0 · unrelated business $0 · excluded $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11a · Other revenue: Unclaimed property adjustments

  total $301 · related or exempt $301

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $301

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0 · program services $0

• 2 · Grants to domestic individuals

  total $0 · program services $0

• 3 · Grants to foreign organizations and individuals

  total $0 · program services $0

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $1,626,999 · program services $1,626,999 · management and general $0 · fundraising $0

• 6 · Compensation of disqualified persons

  total $0 · program services $0 · management and general $0 · fundraising $0

• 7 · Other salaries and wages

  total $41,667,134 · program services $41,667,134 · management and general $0 · fundraising $0

• 8 · Pension plan contributions

  total $1,267,457 · program services $1,267,457 · management and general $0 · fundraising $0

• 9 · Other employee benefits

  total $3,137,519 · program services $3,137,519 · management and general $0 · fundraising $0

• 10 · Payroll taxes

  total $1,971,874 · program services $1,971,874 · management and general $0 · fundraising $0

• 11a · Fees: management

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11b · Fees: legal

  total $52,730 · program services $0 · management and general $52,730 · fundraising $0

• 11c · Fees: accounting

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11d · Fees: lobbying

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11g · Fees: other

  total $609,631,641 · program services $609,282,862 · management and general $348,779 · fundraising $0

• 12 · Advertising and promotion

  total $714 · program services $714 · management and general $0 · fundraising $0

• 13 · Office expenses

  total $289,519 · program services $289,519 · management and general $0 · fundraising $0

• 14 · Information technology

  total $165,046 · program services $165,046 · management and general $0 · fundraising $0

• 15 · Royalties

  total $0 · program services $0 · management and general $0 · fundraising $0

• 16 · Occupancy

  total $440,956 · program services $440,956 · management and general $0 · fundraising $0

• 17 · Travel

  total $4,161,309 · program services $4,161,309 · management and general $0 · fundraising $0

• 18 · Travel or entertainment for public officials

  total $0 · program services $0 · management and general $0 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $162,441 · program services $162,441 · management and general $0 · fundraising $0

• 20 · Interest

  total $0 · program services $0 · management and general $0 · fundraising $0

• 21 · Payments to affiliates

  total $0 · program services $0 · management and general $0 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $2,582,286 · program services $2,582,286 · management and general $0 · fundraising $0

• 23 · Insurance

  total $13,852,796 · program services $12,846,923 · management and general $1,005,873 · fundraising $0

• 24a · Other expenses: PROGRAM SUPPORT - BAYLOR

  total $74,050,128 · program services $74,050,128

• 24b · Other expenses: BILLING AND COLLECTION

  total $23,057,150 · program services $23,057,150

• 24c · Other expenses: PHARMACEUTICAL SUPPLIES

  total $5,401,785 · program services $5,401,785

• 24d · Other expenses: MEDICAL AND SURGICAL SUPPLIES

  total $1,479,457 · program services $1,479,457

• 24e · All other expenses

  total $730,970 · program services $730,970 · management and general $0 · fundraising $0

• 26 · Joint costs (an allocation of the lines above)

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $43,630 · end of year $120,977

• 2 · Savings and temporary cash investments

  beginning of year $49,515 · end of year $375,201

• 3 · Pledges and grants receivable

  beginning of year $130,909 · end of year $113,688

• 4 · Accounts receivable

  beginning of year $44,239,557 · end of year $42,319,024

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $853,092 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,429,453 · end of year $737,724

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

  $41,763,948

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

  $12,626,777

• 10c · Land, buildings and equipment, net

  beginning of year $13,247,667 · end of year $29,137,171

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $33,967,728 · end of year $44,760,466

• 17 · Accounts payable and accrued expenses

  beginning of year $69,465,162 · end of year $76,938,224

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $1,433,624 · end of year $736,877

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  end of year $0

• 25 · Other liabilities

  beginning of year $26,707,752 · end of year $48,983,629

• 27 · Net assets without donor restrictions

  beginning of year -$3,644,987 · end of year -$9,094,479

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

Compensation for the organization's top management official is established by Texas Children's and Texas Children's Hospital, using the following methods: * Compensation Committee * Independent Compensation Consultant * Compensation Survey or Study * Approval by the Board or Compensation Committee

Schedule J, Part I, Line 4b 457(F) PLAN

457(F) PLAN: PAID/DEFERRED AISHA JAMAL 0 / 39,800 CHRISTEE T. THOMAS 0 / 62,680 DANIEL R. DIPRISCO 116,056 / 121,440 J. HERMAN KAN 5,123 / 4,950 JACQUELINE R. WARD 41,378 / 76,200 LANCE A. LIGHTFOOT 120,014 / 129,240 MARK W. MULLARKEY 172,517 / 0 MARLA B. SAMMER 5,858 / 4,950 MATTHEW T. GIROTTO 64,877 / 55,400 PRAKASH M. MASAND 4,747 / 4,950 SUSAN R. MONTGOMERY 33,549 / 0 TABITHA L. RICE 74,029 / 127,160 THIERRY A.G.M. HUISMAN 1,326 / 4,950 VICTOR J. SEGHERS 5,516 / 4,950 457(F): THE 457(F) PLAN IS A NON-QUALIFIED DEFERRED COMPENSATION PLAN THAT ALLOWS EXECUTIVES AND ELIGIBLE PHYSICIANS TO RECEIVE SUPPLEMENTAL RETIREMENT INCOME. FUNDS MAY BE CREDITED INTO THIS ACCOUNT FROM AN EMPLOYER CONTRIBUTION, CALCULATED BASED ON AN INDIVIDUAL'S TITLE AND BASE SALARY AS OF JANUARY 1. THESE EMPLOYER FUNDED CONTRIBUTIONS VEST AFTER THE EARLIER OF 5 YEARS IN THE PLAN, THE ATTAINMENT OF AGE 60 WITH 75 POINTS DETERMINED AS THE SUM OF AGE AND YEARS OF SERVICE, OR AT AGE 65 WITH 3 OR MORE YEARS OF SERVICE. THE 457(F) PLAN ALSO CONTAINS RESIDUAL CAPITAL APPRECIATION CONTRIBUTIONS FROM A FLEXIBLE BENEFIT ACCOUNT SURPLUS. THESE CONTRIBUTIONS VEST AFTER A MINIMUM OF 5 YEARS IN THE PLAN.

Schedule J, Part I, Line 4b SPLIT-DOLLAR LIFE INSURANCE PLAN

Certain individuals listed at Form 990, Part VII, have split-dollar life insurance policies. The premiums paid by Texas Children's Hospital will be recovered partially or fully when the policy is terminated or transferred to the executive. Participants include the following executives: Lance A. Lightfoot, Mark W. Mullarkey, Matthew T. Girotto and Tabitha L. Rice.

Schedule J, Part II, Column (C) LONG-TERM INCENTIVE PLAN

The Long Term Incentive Plan (LTIP) spans 3 years with the current plan being for fiscal years 2022-2024. Per the terms of the LTIP, participants must generally be actively employed on the payment date to receive a payment. Employment of the individuals listed below terminated in 2024 and the estimated LTIP values, reported as deferred compensation on Schedule J, Part II, Column (C), were forfeited and will not be paid to these individuals: - Tabitha L. Rice: $226,379 for 2023 and $217,672 for 2022 - Lance A. Lightfoot: $108,259 for 2023 and $104,095 for 2022 - Aisha Jamal: $88,015 for 2023 and $84,630 for 2022

Related corporations and trusts

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

• TCH INSURANCE COMPANY LTD

  C Corporation · INSURANCE · CJ

  Directly controlled by NA

• CVI GVF HOLDINGS 3 LTD

  C Corporation · INVESTMENT · CJ

  Directly controlled by NA