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Nonprofiteer
← CHILDRENS HOSPITAL PATHOLOGY FOUNDATION INC

Form 990 for tax year 2022

Filed by CHILDRENS HOSPITAL PATHOLOGY FOUNDATION INC.

Totals

Total revenue
$14,018,720
Total expenses
$12,403,514
Contributions and grants received
$250,000
Grants paid
$48,696
Program service revenue
$13,671,691
Investment income
$97,029
Other revenue
$0
Total assets, end of year
$13,815,921
Total liabilities, end of year
$2,427,129
Net assets or fund balances, end of year
$11,388,792
Program services expenses (Part IX)
$11,104,908
Management and general expenses
$1,298,606
Fundraising expenses
$0
Program service expenses (Part III)
$11,104,908

Program services were 89.5% 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.

  • 1f · All other contributions, gifts and grants

    $250,000

  • 2a · Program service revenue: Patient Service Revenue

    total $9,988,914 · related or exempt $9,988,914

  • 2b · Program service revenue: Other Revenue

    total $1,943,749 · related or exempt $1,943,749

  • 2c · Program service revenue: Education and Research Programs

    total $1,739,028 · related or exempt $1,739,028

  • 3 · Investment income

    total $319,946 · excluded $319,946

  • 7a · Gross sales of assets other than inventory

    securities $15,774,303

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

    securities $15,997,220

  • 7c · Gain or loss

    securities -$222,917

  • 7d · Net gain or loss

    total -$222,917 · excluded -$222,917

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,696 · program services $48,696

  • 5 · Compensation of officers, directors and key employees

    total $3,748,909 · program services $3,748,909

  • 7 · Other salaries and wages

    total $5,269,866 · program services $4,294,603 · management and general $975,263

  • 8 · Pension plan contributions

    total $670,521 · program services $621,655 · management and general $48,866

  • 9 · Other employee benefits

    total $494,539 · program services $471,380 · management and general $23,159

  • 10 · Payroll taxes

    total $283,943 · program services $269,394 · management and general $14,549

  • 11b · Fees: legal

    total $13,201 · management and general $13,201

  • 11f · Fees: investment management

    total $57,938 · management and general $57,938

  • 11g · Fees: other

    total $233,163 · program services $200,259 · management and general $32,904

  • 13 · Office expenses

    total $302,765 · program services $189,206 · management and general $113,559

  • 19 · Conferences, conventions and meetings

    total $2,944 · program services $2,944

  • 22 · Depreciation, depletion and amortization

    total $2,309 · program services $2,309

  • 23 · Insurance

    total $82,101 · program services $62,934 · management and general $19,167

  • 24a · Other expenses: Coordinated Specialty P

    total $538,838 · program services $538,838

  • 24b · Other expenses: Research Expenses

    total $327,447 · program services $327,447

  • 24c · Other expenses: PO management services

    total $326,334 · program services $326,334

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,766,881 · end of year $3,716,181

  • 2 · Savings and temporary cash investments

    beginning of year $3,084,221 · end of year $1,566,867

  • 4 · Accounts receivable

    beginning of year $1,177,770 · end of year $1,138,464

  • 5 · Loans and receivables from officers and key people

    beginning of year $160,000 · end of year $140,000

  • 7 · Other notes and loans receivable

    beginning of year $105,000 · end of year $90,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,972 · end of year $49,405

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

    $456,128

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

    $448,342

  • 10c · Land, buildings and equipment, net

    beginning of year $5,800 · end of year $7,786

  • 11 · Investments: publicly traded securities

    beginning of year $5,491,527 · end of year $6,562,644

  • 15 · Other assets

    beginning of year $575,653 · end of year $544,574

  • 17 · Accounts payable and accrued expenses

    beginning of year $101,748 · end of year $73,456

  • 18 · Grants payable

    beginning of year $1,542,060 · end of year $783,333

  • 25 · Other liabilities

    beginning of year $1,205,988 · end of year $1,570,340

  • 27 · Net assets without donor restrictions

    beginning of year $9,570,028 · end of year $11,138,792

  • 28 · Net assets with donor restrictions

    end of year $250,000

Mission and programs · 2022

Mission

The Foundation's mission is to provide pathology services primarily to patients at Boston Children's Hospital and at satellite locations. The Foundation carries on and promotes basic and applied medical research and education in the field of pathology. The (see Schedule O) Foundation also provides services for patients regardless of their ability to pay.

Activities or mission (Part I)

The Foundation provides pathology services primarily to patients at Boston (see Schedule O) Children's Hospital and at satellite locations. The Foundation carries on and promotes basic and applied medical research and education in the field of pathology. The Foundation also provides care for patients regardless of their ability to pay, as well as providing and subsidizing hospital and community based services that are limited in the community.

  • The Foundation was organized exclusively for charitable, scientific, and educational purposes. The Foundation provides pathology services primarily to patients at Boston Children's Hospital and at satellite locations. The Foundation may charge for patient care and other medical services provided that any net income is used exclusively for the charitable, scientific, and educational purposes for which the Foundation was created. The Foundation also provides care for patients regardless of their ability to pay, as well as providing hospital and community based services that are either unavailable or limited elsewhere in the community.

    Expenses $8,883,926 · Grants $48,696 · Revenue $10,937,353

  • The Foundation receives income from Boston Children's Hospital for providing administration, services. The Foundation carries on and promotes basic and applied medical research and education in the field of pathology 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 concerning conditions and research results in the field of pediatric pathology in order to educate the general public and the medical profession.

    Expenses $2,220,982 · Revenue $2,734,338

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark D Fleming MD

    President

    Total calculated
    $1,082,447
    From this org
    $987,963
    From related orgs
    $0
    Other
    $94,484
    Hours/week
    55 + 5 related

    Schedule J breakdown matched by us

    Base
    $743,733
    Bonus
    $232,500
    Other
    $11,730
    Deferred
    $58,750
    Nontaxable benefits
    $35,734
    Filer's total
    $1,082,447

  • Antonio R Perez-Atayde MD

    Board Member

    Total calculated
    $619,245
    From this org
    $524,761
    From related orgs
    $0
    Other
    $94,484
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $410,733
    Bonus
    $93,788
    Other
    $20,240
    Deferred
    $58,750
    Nontaxable benefits
    $35,734
    Filer's total
    $619,245

  • Sanda Alexandrescu MD

    Treasurer

    Total calculated
    $484,346
    From this org
    $389,862
    From related orgs
    $0
    Other
    $94,484
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $323,160
    Bonus
    $64,914
    Other
    $1,788
    Deferred
    $58,750
    Nontaxable benefits
    $35,734
    Filer's total
    $484,346

  • Monica Hollowell MD

    Clerk

    Total calculated
    $458,044
    From this org
    $363,560
    From related orgs
    $0
    Other
    $94,484
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $278,063
    Bonus
    $66,452
    Other
    $19,045
    Deferred
    $58,750
    Nontaxable benefits
    $35,734
    Filer's total
    $458,044

  • Marian H Harris MD

    Board Member

    Total calculated
    $440,490
    From this org
    $346,342
    From related orgs
    $0
    Other
    $94,148
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $276,426
    Bonus
    $66,814
    Other
    $3,102
    Deferred
    $58,414
    Nontaxable benefits
    $35,734
    Filer's total
    $440,490

  • Alyaa Al-llbraheemi MD

    Board Member

    Total calculated
    $385,167
    From this org
    $291,084
    From related orgs
    $0
    Other
    $94,083
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $233,679
    Bonus
    $56,294
    Other
    $1,111
    Deferred
    $58,349
    Nontaxable benefits
    $35,734
    Filer's total
    $385,167

  • Physicians Org at CH Inc

    Institutional Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Goldsmith MD

    Physician

    Total calculated
    $597,850
    From this org
    $506,478
    From related orgs
    $0
    Other
    $91,372
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $424,216
    Bonus
    $80,222
    Other
    $2,040
    Deferred
    $58,750
    Nontaxable benefits
    $32,622
    Filer's total
    $597,850

  • Lisa Anne Teot MD

    Physician

    Total calculated
    $468,434
    From this org
    $397,328
    From related orgs
    $0
    Other
    $71,106
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $311,704
    Bonus
    $72,880
    Other
    $12,744
    Deferred
    $54,391
    Nontaxable benefits
    $16,715
    Filer's total
    $468,434

  • Sara O Vargas MD

    Physician

    Total calculated
    $467,408
    From this org
    $372,924
    From related orgs
    $0
    Other
    $94,484
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $299,416
    Bonus
    $69,474
    Other
    $4,034
    Deferred
    $58,750
    Nontaxable benefits
    $35,734
    Filer's total
    $467,408

  • Jacob Bledsoe MD

    Physician

    Total calculated
    $430,491
    From this org
    $336,900
    From related orgs
    $0
    Other
    $93,591
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $283,277
    Bonus
    $57,656
    Other
    -$4,033
    Deferred
    $57,857
    Nontaxable benefits
    $35,734
    Filer's total
    $430,491

  • Hart GW Lidov MD

    Physician

    Total calculated
    $426,255
    From this org
    $353,987
    From related orgs
    $0
    Other
    $72,268
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $276,927
    Bonus
    $62,568
    Other
    $14,492
    Deferred
    $58,665
    Nontaxable benefits
    $13,603
    Filer's total
    $426,255

  • Harry PW Kozakewich MD

    Former Clerk/Appointed Member

    Total calculated
    $311,027
    From this org
    $247,719
    From related orgs
    $0
    Other
    $63,308
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $198,699
    Bonus
    $48,394
    Other
    $626
    Deferred
    $49,953
    Nontaxable benefits
    $13,355
    Filer's total
    $311,027

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 · 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 7
The method for calculating bonus payments is a percentage of the individual's salary. However, the Chairman can change the bonus amount based on a number of factors including but not limited to, the following: clinical workload adjustments; teaching responsibilities; academic performance; administrative responsibilities; and/or special circumstances. The bonus amounts are discretionary.

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
2022
Filed
9 August 2024
IRS schema version
2022v5.0
Source object
202422259349300957

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