Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $39,780,363

• 1g · Noncash contributions included above

  $348,349

• 2a · Program service revenue: RENT FROM AFFILIATES

  total $925,856 · related or exempt $925,856

• 2b · Program service revenue: MEDICAL CLINIC RENTAL

  total $399,680 · related or exempt $347,176 · unrelated business $21,870 · excluded $30,634

• 2f · All other program service revenue

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

• 3 · Investment income

  total $4,132,392 · excluded $4,132,392

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $192,680,789 · other assets $503,859

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

  securities $147,500,259 · other assets $243,137

• 7c · Gain or loss

  securities $45,180,530 · other assets $260,722

• 7d · Net gain or loss

  total $45,441,252 · excluded $45,441,252

• 11a · Other revenue: UBI REFUNDS

  total $1,146 · excluded $1,146

• 11d · All other revenue

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

• 11e · Other revenue, total

  $1,146

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,735,821 · program services $3,735,821

• 5 · Compensation of officers, directors and key employees

  total $9,738,852 · program services $8,932,759 · management and general $806,093

• 7 · Other salaries and wages

  total $1,361,097 · management and general $1,361,097

• 8 · Pension plan contributions

  total $956,340 · management and general $956,340

• 9 · Other employee benefits

  total $189,560 · management and general $189,560

• 10 · Payroll taxes

  total $800,494 · program services $602,493 · management and general $198,001

• 11b · Fees: legal

  total $205,913 · management and general $205,913

• 11c · Fees: accounting

  total $331,860 · management and general $331,860

• 11f · Fees: investment management

  total $158,407 · management and general $158,407

• 11g · Fees: other

  total $745,720 · program services $545,028 · management and general $200,692 · fundraising $0

• 13 · Office expenses

  total $16,503 · program services $16,053 · management and general $450

• 14 · Information technology

  total $79,124 · management and general $79,124

• 16 · Occupancy

  total $1,283,560 · program services $92,540 · management and general $1,191,020

• 17 · Travel

  total $72,151 · management and general $72,151

• 19 · Conferences, conventions and meetings

  total $9,919 · management and general $9,919

• 22 · Depreciation, depletion and amortization

  total $60,952 · program services $60,952

• 23 · Insurance

  total $24,102 · management and general $24,102

• 24a · Other expenses: LICENSES AND TAXES

  total $231,179 · management and general $231,179

• 24b · Other expenses: ALL OTHER EXPENSES

  total $3,040 · program services $2,222 · management and general $818

• 24e · All other expenses

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

Balance sheet

Part X, book values.

• 3 · Pledges and grants receivable

  beginning of year $6,801,204 · end of year $6,649,379

• 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 $25,364,819 · end of year $48,256,389

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

  $4,612,974

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

  $558,094

• 10c · Land, buildings and equipment, net

  beginning of year $3,881,713 · end of year $4,054,880

• 11 · Investments: publicly traded securities

  beginning of year $56,364,924 · end of year $41,126,113

• 12 · Investments: other securities

  beginning of year $972,016,026 · end of year $1,120,272,856

• 13 · Investments: program-related

  beginning of year $4,508,677 · end of year $3,760,500

• 15 · Other assets

  beginning of year $255,825,239 · end of year $234,876,013

• 17 · Accounts payable and accrued expenses

  beginning of year $1,782,795 · end of year $2,079,424

• 19 · Deferred revenue

  beginning of year $874,500 · end of year $394,705

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $9,243,226 · end of year $10,145,238

• 27 · Net assets without donor restrictions

  beginning of year $1,034,129,063 · end of year $1,149,670,746

• 28 · Net assets with donor restrictions

  beginning of year $278,733,018 · end of year $296,706,017

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES

THE CHIEF EXECUTIVE OFFICER IS PROVIDED MEMBERSHIP TO THE RAINIER CLUB. ANNUAL DUES ARE REPORTED AS TAXABLE COMPENSATION.

SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN

THE FOLLOWING PARTICIPATED IN, OR RECEIVED PAYMENT FROM, A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: JEFF SPERRING MD - $371,996 EMPLOYER CONTRIBUTIONS, $429,455 TAXABLE PAYMENT MYRA GREGORIAN - $88,752 EMPLOYER CONTRIBUTIONS SUZANNE BEITEL - $117,466 EMPLOYER CONTRIBUTIONS LISA HAYWARD - $94,152 EMPLOYER CONTRIBUTIONS, $69,576 TAXABLE PAYMENT ZAFAR CHAUDRY MD - $82,549 EMPLOYER CONTRIBUTIONS

SCHEDULE J, PART II, COLUMN (F)

THE FOLLOWING RECEIVED PAYMENT FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN, WHICH IS BEING REPORTED IN COLUMN (B)(III). THIS PORTION OF THAT COMPENSATION WAS REPORTED IN COLUMN (C) IN PRIOR FORMS 990 FOR SEATTLE CHILDREN'S HEALTHCARE SYSTEM: JEFF SPERRING MD - $429,455 LISA HAYWARD - $69,576

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SYZYGY PROPERTIES LLC

  REAL ESTATE MANAGEMENT · WA · income $399,680 · assets $3,759,700

  Directly controlled by SEATTLE CHILDREN'S HEALTHCARE SYSTEM

Related corporations and trusts

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

• CHARITABLE REMAINDER UNITRUST (6)

  INVESTMENTS · WA · controlled entity

  Directly controlled by SEATTLE CHILDREN'S HEALTHCARE SYSTEM

• CHARITABLE REMAINDER UNITRUSTS (6)

  INVESTMENTS · WA

  Directly controlled by NA

• CHARITABLE REMAINDER UNITRUST (1)

  INVESTMENTS · AK

  Directly controlled by NA

• CHARITABLE REMAINDER UNITRUSTS (3)

  INVESTMENTS · CA

  Directly controlled by NA

• CHARITABLE REMAINDER UNITRUST (1)

  INVESTMENTS · FL

  Directly controlled by NA

• CHARITABLE REMAINDER ANNUITY TRUSTS (2)

  INVESTMENTS · WA

  Directly controlled by NA

• PERPETUAL TRUSTS (7)

  INVESTMENTS · WA

  Directly controlled by NA

• POOLED INCOME FUND (1)

  INVESTMENTS · WA

  Directly controlled by NA

• BRAINCHILD BIO INC

  C CORPORATION · BIOTECHNOLOGY · DE · 93.49% owned · controlled entity

  Directly controlled by SEATTLE CHILDREN'S HEALTHCARE SYSTEM