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← CHILDRENS SURGICAL ASSOCIATES LTD

Form 990 for tax year 2023

Filed by CHILDRENS SURGICAL ASSOCIATES LTD.

Totals

Total revenue
$173,156,897
Total expenses
$176,654,085
Contributions and grants received
$550,000
Grants paid
$15,159,400
Program service revenue
$166,648,614
Investment income
$5,958,283
Other revenue
$0
Total assets, end of year
$128,800,857
Total liabilities, end of year
$40,510,547
Net assets or fund balances, end of year
$88,290,310
Program services expenses (Part IX)
$168,760,178
Management and general expenses
$7,893,907
Fundraising expenses
$0
Program service expenses (Part III)
$168,760,178

Program services were 95.5% 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

    $550,000

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

    total $151,656,829 · related or exempt $151,656,829

  • 2b · Program service revenue: RESEARCH REVENUE

    total $8,044,534 · related or exempt $8,044,534

  • 2c · Program service revenue: OTHER PROGRAM SUPPORT

    total $6,947,251 · related or exempt $6,947,251

  • 3 · Investment income

    total $2,832,626 · excluded $2,832,626

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $18,377,829

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

    securities $15,252,172

  • 7c · Gain or loss

    securities $3,125,657

  • 7d · Net gain or loss

    total $3,125,657 · excluded $3,125,657

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,159,400 · program services $15,159,400

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $8,318,499 · program services $7,885,247 · management and general $433,252

  • 6 · Compensation of disqualified persons

    total $798,482 · program services $798,482

  • 7 · Other salaries and wages

    total $114,518,259 · program services $111,915,522 · management and general $2,602,737

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $10,723,983 · program services $10,229,573 · management and general $494,410

  • 10 · Payroll taxes

    total $6,184,719 · program services $5,986,987 · management and general $197,732

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $13,042 · program services $13,042

  • 11c · Fees: accounting

    total $197,340 · management and general $197,340

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $71,056 · management and general $71,056

  • 11g · Fees: other

    total $2,381,727 · program services $987,480 · management and general $1,394,247

  • 12 · Advertising and promotion

    total $92,160 · program services $91,639 · management and general $521

  • 13 · Office expenses

    total $181,198 · program services $171,101 · management and general $10,097

  • 14 · Information technology

    total $475,975 · program services $443,447 · management and general $32,528

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $3,654,323 · program services $3,577,976 · management and general $76,347

  • 17 · Travel

    total $1,113,325 · program services $1,108,695 · management and general $4,630

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $269,199 · program services $267,395 · management and general $1,804

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $238,866 · program services $238,866

  • 23 · Insurance

    total $5,719,048 · program services $5,677,027 · management and general $42,021

  • 24a · Other expenses: PATIENT RELATED SUPPLIES

    total $1,299,717 · program services $1,297,880 · management and general $1,837

  • 24b · Other expenses: AFFILIATED PROGRAM EXPENSES

    total $2,230,620 · program services $137,045 · management and general $2,093,575

  • 24c · Other expenses: DEV., EDU., & SUBSCRIPTIONS

    total $597,033 · program services $575,811 · management and general $21,222

  • 24d · Other expenses: RESEARCH EXPENSE

    total $85,366 · program services $85,366

  • 24e · All other expenses

    total $2,330,748 · program services $2,112,197 · management and general $218,551

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $31,235,094 · end of year $33,943,223

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $23,660,228 · end of year $25,346,409

  • 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 $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,000 · end of year $5,000

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

    $5,858,390

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

    $4,875,326

  • 10c · Land, buildings and equipment, net

    beginning of year $688,640 · end of year $983,064

  • 11 · Investments: publicly traded securities

    beginning of year $53,531,072 · end of year $53,625,237

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $12,576,480 · end of year $14,897,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,534,758 · end of year $19,460,307

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 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

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $14,956,171 · end of year $21,050,240

  • 27 · Net assets without donor restrictions

    beginning of year $90,205,585 · end of year $88,290,310

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • TO PROVIDE HEALTH CARE, SURGICAL, RESEARCH AND TEACHING SERVICES. THE ORGANIZATION OFFERS FINANCIAL ASSISTANCE FOR MEDICALLY NECESSARY CARE TO PATIENTS/FAMILIES WHO MEET THE ELIGIBILITY REQUIREMENTS OF THE FINANCIAL ASSISTANCE POLICY OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA AND ITS AFFILIATES. THE ORGANIZATION SUPPORTS MEDICAL RESEARCH AND TEACHING MISSIONS OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA.

    Expenses $168,760,178 · Grants $15,159,400 · Revenue $166,648,614

  • none

  • none

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

Listed in Part VII

  • PHILIP STORM MD

    VICE PRESIDENT

    Total calculated
    $2,491,482
    From this org
    $2,429,574
    From related orgs
    $0
    Other
    $61,908
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,790,334
    Bonus
    $638,750
    Other
    $490
    Deferred
    $33,000
    Nontaxable benefits
    $28,908
    Filer's total
    $2,491,482

  • JESSE A TAYLOR MD

    SECRETARY

    Total calculated
    $2,420,141
    From this org
    $2,357,507
    From related orgs
    $0
    Other
    $62,634
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,492,720
    Bonus
    $864,616
    Other
    $171
    Deferred
    $33,000
    Nontaxable benefits
    $29,634
    Filer's total
    $2,420,141

  • N SCOTT ADZICK MD

    CHAIRMAN, DIRECTOR

    Total calculated
    $2,409,020
    From this org
    $2,352,176
    From related orgs
    $0
    Other
    $56,844
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,496,322
    Bonus
    $586,896
    Other
    $268,958
    Deferred
    $33,000
    Nontaxable benefits
    $23,844
    Filer's total
    $2,409,020

  • JONATHAN CHEN MD

    DIVISION CHIEF

    Total calculated
    $2,249,765
    From this org
    $2,192,630
    From related orgs
    $0
    Other
    $57,135
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $1,592,140
    Bonus
    $600,000
    Other
    $490
    Deferred
    $33,000
    Nontaxable benefits
    $24,135
    Filer's total
    $2,249,765

  • WUDBHAV SANKAR MD

    PHYSICIAN

    Total calculated
    $1,635,929
    From this org
    $1,565,506
    From related orgs
    $0
    Other
    $70,423
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $669,102
    Bonus
    $896,233
    Other
    $171
    Deferred
    $33,000
    Nontaxable benefits
    $37,423
    Filer's total
    $1,635,929

  • GREGORY HEUER MD

    PHYSICIAN

    Total calculated
    $1,599,740
    From this org
    $1,534,174
    From related orgs
    $0
    Other
    $65,566
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $1,088,287
    Bonus
    $445,625
    Other
    $262
    Deferred
    $33,000
    Nontaxable benefits
    $32,566
    Filer's total
    $1,599,740

  • SCOTT BARTLETT MD

    PHYSICIAN

    Total calculated
    $1,551,290
    From this org
    $1,491,937
    From related orgs
    $0
    Other
    $59,353
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $739,589
    Bonus
    $750,000
    Other
    $2,348
    Deferred
    $33,000
    Nontaxable benefits
    $26,353
    Filer's total
    $1,551,290

  • JOHN FLYNN MD

    PRESIDENT, DIRECTOR

    Total calculated
    $1,392,802
    From this org
    $1,329,694
    From related orgs
    $0
    Other
    $63,108
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $669,134
    Bonus
    $659,808
    Other
    $752
    Deferred
    $33,000
    Nontaxable benefits
    $30,108
    Filer's total
    $1,392,802

  • STEPHANIE FULLER MD

    PHYSICIAN

    Total calculated
    $1,341,751
    From this org
    $1,297,135
    From related orgs
    $0
    Other
    $44,616
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $1,096,873
    Bonus
    $200,000
    Other
    $262
    Deferred
    $33,000
    Nontaxable benefits
    $11,616
    Filer's total
    $1,341,751

  • MICHAEL NANCE MD

    FORMER PRESIDENT, DIRECTOR

    Total calculated
    $1,020,394
    From this org
    $958,486
    From related orgs
    $0
    Other
    $61,908
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $610,334
    Bonus
    $300,000
    Other
    $48,152
    Deferred
    $33,000
    Nontaxable benefits
    $28,908
    Filer's total
    $1,020,394

  • LINDA FLOCCO

    VICE CHAIR ADMINISTRATION

    Total calculated
    $385,314
    From this org
    $0
    From related orgs
    $332,506
    Other
    $52,808
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,733 related
    Bonus
    $0 + $80,231 related
    Other
    $0 + $2,542 related
    Deferred
    $0 + $30,022 related
    Nontaxable benefits
    $0 + $22,786 related
    Filer's total
    $0 + $385,314 related

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

FORM 990, SCHEDULE J, PART I, LINE 4B
N SCOTT ADZICK, MD - 266,610
FORM 990, SCHEDULE J, PART I, LINE 7
CERTAIN SENIOR LEADERS ARE ELIGIBLE TO RECEIVE INCENTIVES AS DETERMINED BY THE COMPENSATION COMMITTEE OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA.
FORM 990, SCHEDULE J, PART II
CHILDREN'S SURGICAL ASSOCIATES, LTD. (CSA) IS A SUBSIDIARY OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA. CSA'S PHYSICIANS, WHO ARE COMMON LAW EMPLOYEES, ARE W-2 EMPLOYEES OF EITHER THE UNIVERSITY OF PENNSYLVANIA (AN UNRELATED ORGANIZATION) OR THE CHILDREN'S HOSPITAL OF PHILADELPHIA (A RELATED ENTITY). COMPENSATION REPORTED MAY INCLUDE COMPENSATION FOR SERVICES TO OTHER RELATED ORGANIZATIONS.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
4 April 2025
IRS schema version
2023v6.0
Source object
202541019349301724

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