Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $1,596

• 1c · Fundraising events

  $8,990,118

• 1f · All other contributions, gifts and grants

  $34,702,686

• 1g · Noncash contributions included above

  $10,784,235

• 3 · Investment income

  total $19,379,398 · excluded $19,379,398

• 7a · Gross sales of assets other than inventory

  securities $45,134,005

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

  securities $40,210,716

• 7c · Gain or loss

  securities $4,923,289

• 7d · Net gain or loss

  total $4,923,289 · excluded $4,923,289

• 8a · Fundraising events: gross income

  $688,962

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

  $8,990,118

• 8b · Fundraising events: direct expenses

  $2,076,937

• 8c · Net income from fundraising events

  total -$1,387,975 · excluded -$1,387,975

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $48,961,113 · program services $48,961,113

• 5 · Compensation of officers, directors and key employees

  total $793,118 · fundraising $793,118

• 7 · Other salaries and wages

  total $10,880,949 · management and general $2,993,977 · fundraising $7,886,972

• 8 · Pension plan contributions

  total $439,705 · management and general $112,775 · fundraising $326,930

• 9 · Other employee benefits

  total $649,689 · management and general $164,255 · fundraising $485,434

• 10 · Payroll taxes

  total $853,885 · management and general $219,004 · fundraising $634,881

• 11b · Fees: legal

  total $7,750 · management and general $4,600 · fundraising $3,150

• 11e · Fees: professional fundraising services

  total $1,588,484 · fundraising $1,588,484

• 11g · Fees: other

  total $1,577,638 · management and general $675,009 · fundraising $902,629

• 12 · Advertising and promotion

  total $1,236,784 · management and general $269,262 · fundraising $967,522

• 13 · Office expenses

  total $379,403 · management and general $109,824 · fundraising $269,579

• 14 · Information technology

  total $765,107 · management and general $731,374 · fundraising $33,733

• 16 · Occupancy

  total $753,475 · management and general $753,475

• 17 · Travel

  total $427,818 · management and general $11,586 · fundraising $416,232

• 19 · Conferences, conventions and meetings

  total $92,840 · management and general $24,083 · fundraising $68,757

• 22 · Depreciation, depletion and amortization

  total $15,620 · management and general $15,620

• 24a · Other expenses: OVERHEAD

  total $3,944,607 · management and general $3,944,607

• 24b · Other expenses: OTHER

  total $939,118 · management and general $119,221 · fundraising $819,897

Balance sheet

Part X, book values.

• 3 · Pledges and grants receivable

  beginning of year $71,403,071 · end of year $61,194,570

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $733,920

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

  $156,196

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

  $82,653

• 10c · Land, buildings and equipment, net

  beginning of year $89,162 · end of year $73,543

• 11 · Investments: publicly traded securities

  beginning of year $680,482,149 · end of year $783,924,337

• 15 · Other assets

  beginning of year $51,593,849 · end of year $29,924,371

• 17 · Accounts payable and accrued expenses

  beginning of year $1,695,281 · end of year $1,084,170

• 19 · Deferred revenue

  beginning of year $471,272 · end of year $993,340

• 25 · Other liabilities

  beginning of year $262,606 · end of year $290,014

• 27 · Net assets without donor restrictions

  beginning of year $378,218,825 · end of year $438,118,908

• 28 · Net assets with donor restrictions

  beginning of year $422,920,247 · end of year $435,364,309

The filer's explanations (Part III)

PART I, LINE 3:

PROCESS FOR DETERMINING COMPENSATION CHILDREN'S NATIONAL HOSPITAL FOUNDATION RELIES ON ITS PARENT, CHILDREN'S NATIONAL, TO DETERMINE COMPENSATION FOR THE FOUNDATION'S PRESIDENT. CHILDREN'S NATIONAL USES AN EXECUTIVE COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE PEOPLE, CULTURE AND COMPENSATION COMMITTEE OF THE BOARD TO DETERMINE REASONABLE COMPENSATION.

PART I, LINE 4B:

SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THE FOLLOWING OFFICERS AND KEY EMPLOYEES PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C) AS PART OF DEFERRED COMPENSATION OR SCHEDULE J, PART II, COLUMN (B)(III) WHEN AMOUNTS ARE DEFERRED AND DISTRIBUTED IN THE SAME CALENDAR YEAR. KURT D. NEWMAN, MD $251,063 ALDWIN LINSDAY $106,032 DEANN MARSHALL $46,668 MARY ANNE HILLIARD $72,881 ADDITIONALLY, THE FOLLOWING INDIVIDUALS RECEIVED DISTRIBUTIONS FROM THE PLAN THAT WERE DEFERRED ON A PREVIOUSLY FILED FORM 990 AND ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III) AS TAXABLE WAGES IN THE CURRENT YEAR. ALDWIN LINDSAY $82,363 MARY ANNE HILLIARD $61,769

Related partnerships

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

• CHILDREN'S PEDIATRICIANS AND ASSOCIATES LLC

  HEALTH CARE · DC

• 5253 NMTC LLC

  PROPERTY MANAGEMENT · DC

• 5253 HTC LLC

  PROPERTY MANAGEMENT · DC

• 54 NMTC LLC

  PROPERTY MANAGEMENT · DC

• 54 HTC LLC

  PROPERTY MANAGEMENT · DC

Related corporations and trusts

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

• CHILDREN'S NATIONAL HEALTH NETWORK

  C · HEALTH CARE · DC

• BEARACUDA RE

  C · REINSURANCE · CJ

• PEDIATRIC HEALTH NETWORK INC

  C · HEALTH CARE · DC

• BUILDING 5253 MANAGING MEMBER LLC

  C · PROPERTY MANAGEMENT · DC

• BUILDING 54 MANAGING MEMBER LLC

  C · PROPERTY MANAGEMENT · DC