Form 990 for tax year 2023

Totals

Total revenue

$25,371,884

Total expenses

$13,720,441

Contributions and grants received

$28,366,049

Grants paid

$9,303,737

Program service revenue

$0

Investment income

-$2,137,718

Other revenue

-$856,447

Total assets, end of year

$113,631,719

Total liabilities, end of year

$326,060

Net assets or fund balances, end of year

$113,305,659

Program services expenses (Part IX)

$11,787,907

Management and general expenses

$884,491

Fundraising expenses

$1,048,043

Program service expenses (Part III)

$11,787,907

Program services were 85.9% 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.

Mission and programs · 2023

• THE LE BONHEUR CHILDREN'S HOSPITAL FOUNDATION IS COMMITTED TO IMPROVING THE HEALTH AND WELL-BEING OF CHILDREN IN OUR COMMUNITY BY RAISING FUNDS TO ASSIST LE BONHEUR CHILDREN'S HOSPITAL IN PREVENTING AND ELIMINATING PEDIATRIC ILLNESS AND INJURY. IMPORTANT FACTS ABOUT LE BONHEUR CHILDREN'S HOSPITAL: -LE BONHEUR IS ONE OF SIX CAMPUSES OF METHODIST HEALTHCARE MEMPHIS HOSPITALS, A NOT-FOR-PROFIT HOSPITAL CORPORATION. -LE BONHEUR IS A REGIONAL PEDIATRIC ACADEMIC MEDICAL CENTER WITH 255 BEDS, 45 PEDIATRIC SUB-SPECIALTIES, 750 MEDICAL STAFF MEMBERS AND MORE THAN 3,400 EMPLOYEES. -EACH YEAR LE BONHEUR TREATS ALMOST 500,000 WITH OUR INPATIENT, OUTPATIENT AND COMMUNITY SERVICES. MOST PATIENTS COME FROM OUR 6-STATE REFERRAL AREA AND WE TYPICALLY SERVE CHILDREN FROM ALL 50 STATES AND MANY COUNTRIES. -LE BONHEUR SERVES AS THE EDUCATIONAL TRAINING CENTER FOR MEDICAL STUDENTS, RESIDENTS AND FELLOWS FOR THE UNIVERSITY OF TENNESSEE HEALTH SCIENCE CENTER. -THE CARE LE BONHEUR PROVIDES EXTENDS WELL INTO THE REGION AND BEYOND. LE BONHEUR HAS SUB-SPECIALTY OUTPATIENT CLINICS IN JACKSON, TN; JONESBORO, AR; AND TUPELO, MS. -LE BONHEUR IS A MAGNET DESIGNATED FACILITY BY THE AMERICAN NURSES CREDENTIALING CENTER AND DESIGNATED AS A LEVEL 1 PEDIATRIC TRAUMA CENTER BY THE AMERICAN COLLEGE OF SURGEONS. 1. THE FOCUS OF OUR FUNDRAISING IS THE ENDOWMENT FOR THE FUTURE OF LE BONHEUR. WE ARE CURRENTLY IN A CAMPAIGN TO RAISE $100M FOR THE HOSPITAL'S ENDOWMENT TO ENSURE LE BONHEUR IS ALWAYS THERE FOR FUTURE GENERATIONS OF CHILDREN. THE ENDOWMENT CAMPAIGN HAS FIVE MAJOR FOCUS AREAS: CARE FOR ALL CHILDREN, NEUROSCIENCE, RESEARCH, CARDIOLOGY, AND EDUCATION. HAVING REACHED OVER $50M IN THE ENDOWMENT, WE HAVE BEGUN TO USE THE INTEREST TO SUPPORT VARIOUS CLINICAL NEEDS. IN 2021, WE CONTINUED OUR COMPETITIVE SMALL GRANTS PROGRAM TO FUND PROJECTS THAT WILL IMPROVE AND PROMOTE QUALITY AND SAFETY FOR OUR PATIENTS AND ASSOCIATES. IN ALL, 11 PROJECTS WERE FUNDED TO BE EXECUTED IN 2022. 2. PEDIATRIC RESEARCH IS CRITICAL IN SUPPORT OF OUR CORE GOALS OF CONTRIBUTING TO THE PREVENTION, TREATMENT AND ELIMINATION OF CHILDREN'S DISEASE. THE CHILDREN'S FOUNDATION RESEARCH INSTITUTE (CFRI) PROVIDES INFRASTRUCTURE, EXPERTISE, SUPPORT AND COORDINATION TO FACILITATE BASIC, CLINICAL AND TRANSLATIONAL RESEARCH TO IMPROVE THE HEALTH OF CHILDREN. WE HAVE ALIGNED OUR RESEARCH FOCUS WITHIN AREAS OF MAJOR HEALTH PROBLEMS FOR THE POPULATION AND COMMUNITY WE SERVE LE BONHEUR CHILDREN'S HOSPITAL FOUNDATION, IN PARTNERSHIP WITH THE HOSPITALS RESEARCH DIVISION, AWARDED TWO JR FACULTY GRANTS FOR A TOTAL OF $48,668, AND $50,000 FOR SEVEN FELLOWSHIP GRANTS IN 2022 TO AID IN THE RESEARCH OF DISORDERED EATING BEHAVIORS IN PEDIATRIC PATIENTS WITH INFLAMMATORY BOWEL DISEASE, TRANSCRIPTOME OF INSULITIC HUMAN ISLETS, MECHANISM OF RENAL INJURY IN NEONATAL MICE EXPOSED TO HYPEROXIA, SEASONAL VARIATION OF SERUM TRYPTASE, 24 HOUR ABPN IN ADOLESCENTS WITH OBESITY BEING EVALUATED FOR LAPAROSCOPIC SLEEVE GASTRECTOMY, PILOT STUDY EXAMINING BIOMARKERS OF MULTIORGAN DYSFUNCTION AND VASCULOPATHY IN MULTISYSTEM INFLAMMATORY SYNDROME IN CHILDREN, PEDIATRIC VS. ABPM GUIDELINES TO PREDICT LVH. 3. THE LE BONHEUR FOUNDATION ALSO WORKS WITH A COMMITTEE OF FEDEX EMPLOYEES AND OTHERS TO RAISE FUNDS TO SUPPORT THE FEDEX FAMILY HOUSE, WHICH HOUSES OUT-OF-TOWN FAMILIES WHOSE CHILDREN ARE BEING TREATED AT LE BONHEUR. MANY FAMILIES HAVE AN EXTENDED STAY AND THE HOUSE SERVES AS A COMFORTABLE RESPITE AT A MOST STRESSFUL TIME. IN 2018, A $12-MILLION FUNDRAISING CAMPAIGN WAS COMPLETED AND THE FEDEX FAMILY HOUSE WAS EXPANDED FROM 24 ROOMS TO 75 ROOMS. THE NEW ADDITION OPENED IN DECEMBER 2018. EACH YEAR, THE LE BONHEUR FOUNDATION AND THE COMMITTEE RAISE AN AVERAGE OF $2 MILLION TO OPERATE THE FEDEX FAMILY HOUSE. 4. IN ADDITION TO NATIONALLY RENOWNED CLINICAL EXPERTISE, LE BONHEUR BELIEVES WE HAVE A RESPONSIBILITY TO PARTNER WITH OUR COMMUNITY TO PROMOTE AND PROTECT CHILDREN'S HEALTH AND WELL-BEING. LE BONHEUR CHILDREN'S HOSPITAL IS COMMITTED TO PROVIDING EVIDENCE-BASED SERVICES FOR CHILDREN AND FAMILIES AND TO WORKING WITH COMMUNITY PARTNERS TO IMPROVE HEALTH AND BEST PRACTICES. MORE THAN 250 STAFF MEMBERS WORK WITH CHILDREN IN THEIR ENVIRONMENTS SCHOOLS, COMMUNITY CENTERS, CLINICS, CHILDCARE FACILITIES AND HOMES. OUR PROGRAMS FOCUS ON RISK REDUCTION FOR CHILDREN AND ADOLESCENTS, CHILD DEVELOPMENT AND EFFECTIVE PARENTING, INJURY PREVENTION AND PROMOTING THE HEALTH AND WELL-BEING OF CHILDREN. FUNDING FOR THESE IMPORTANT COMMUNITY PROGRAMS IS PROVIDED THROUGH GRANTS AND THE FOUNDATION'S FUNDRAISING EFFORTS. THE LE BONHEUR CHILDREN'S HOSPITAL FOUNDATION IS COMMITTED TO SUPPORTING LE BONHEUR CHILDREN'S HOSPITAL IN ITS MISSION TO PROVIDE AND CONTINUOUSLY IMPROVE THE HIGHEST QUALITY OF CARE TO THE CHILDREN WE PEDIATRIC ILLNESS AND INJURY. THE FOUNDATION SOLELY SUPPORTS THE IMPORTANT WORK AND MISSION OF LE BONHEUR CHILDREN'S HOSPITAL. NAMED AS ONE OF THE NATION'S BEST CHILDREN'S HOSPITALS BY U.S. NEWS AND WORLD ONE OF THE NATION'S BEST CHILDREN'S HOSPITALS BY U.S. NEWS AND WORLD REPORT, LE BONHEUR HAS A UNIQUE MISSION THAT GOES BEYOND ACUTE CARE FOR SICK AND INJURED CHILDREN AND INCLUDES PEDIATRIC RESEARCH, CLINICAL EDUCATION, ADVOCACY AND PREVENTIVE CARE. TOGETHER, WE WORK TO SOLVE CHILDREN'S HEALTH ISSUES AND ELIMINATE DISPARITIES IN HEALTH CARE ACCESS. LE BONHEUR USES EXISTING STRENGTHS TO DEVELOP NEW PROGRAMS TO REACH UNDERSERVED CHILDREN. WE ARE FOCUSED ON PROVIDING EACH CHILD ANSERVE ABOUT METHODIST LE BONHEUR HEALTHCARE METHODIST LE BONHEUR HEALTHCARE (MLH) HAS SERVED THE MEMPHIS AND MID-SOUTH REGION FOR MORE THAN 100 YEARS. OUR FOUR ADULT HOSPITALS ARE LOCATED ACROSS THE CITY, AND ARE PART OF THE COMMUNITIES THEY SERVE. OUR CHILDREN'S HOSPITAL IS THE REGION'S ONLY COMPREHENSIVE PEDIATRIC HOSPITAL. OUR PHYSICIANS, NURSES AND OTHER CLINICIANS LIVE IN THE COMMUNITIES THAT THEY SERVE AND PROVIDE EXPERT CARE INSIDE THE HOSPITALS AND PREVENTATIVE SERVICES IN THEIR NEIGHBORHOODS. OUR ORGANIZATION IS COMMITTED TO IMPROVING THE HEALTH AND WELL-BEING OF THE COMMUNITIES WE SERVE, PROVIDING UNCOMPENSATED CARE, CHARITABLE CONTRIBUTIONS TO OTHER COMMUNITY ORGANIZATIONS AND COMMUNITY OUTREACH. WE EMPLOY 250 HEALTH CARE PROFESSIONALS TO ADDRESS COMMUNITY NEEDS AS THEY RELATE TO FOUR MAJOR AREAS: ACCESS TO SERVICES, RISK REDUCTION, CHILD DEVELOPMENT AND EFFECTIVE PARENTING AND CHRONIC ILLNESS MANAGEMENT AND PREVENTION. EXAMPLES INCLUDE PROGRAMS THAT OFFER FREE OR DISCOUNTED PRESCRIPTION DRUGS, NON-BILLED, IN-HOME SERVICES, IN-HOME EQUIPMENT, TRANSPORTATION VOUCHERS, CHILDBIRTH CLASSES AND A VARIETY OF HEALTH FAIRS ALL AIMED AT KEEPING OUR COMMUNITIES HEALTHY. MLH HAS RECEIVED REGIONAL AND NATIONAL RECOGNITION FOR THE CARE IT PROVIDES. METHODIST ADULT HOSPITALS IN THE MEMPHIS AREA, WHICH INCLUDE METHODIST UNIVERSITY, METHODIST LE BONHEUR GERMANTOWN, METHODIST NORTH AND METHODIST SOUTH, ARE RANKED AS A TOP HOSPITAL IN THE REGION BY U.S. NEWS & WORLD REPORT. METHODIST OLIVE BRANCH HOSPITAL IN NORTH MISSISSIPPI IS A CMS 4-STAR HOSPITAL, THE ONLY HOSPITAL IN THE REGION TO BE SO RECOGNIZED FOR BOTH QUALITY AND PATIENT EXPERIENCE. LE BONHEUR CHILDREN'S HOSPITAL HAS BEEN NAMED A "BEST CHILDREN'S HOSPITAL" BY U.S. NEWS & WORLD REPORT FOR ELEVEN/11 CONSECUTIVE YEARS. LE BONHEUR PROVIDES OUTPATIENT SERVICES IN WEST TENNESSEE, NORTHERN MISSISSIPPI AND EASTERN ARKANSAS TO ENSURE CHILDREN THERE HAVE ACCESS TO EXPERT PEDIATRIC CARE. LE BONHEUR IS ALSO A LEVEL 1 PEDIATRIC TRAUMA CENTER, AND SERVES AS THE REGION'S PRIMARY SOURCE FOR PEDIATRIC TRAUMA CARE AND TRAUMA EDUCATION FOR REGIONAL PROVIDERS. METHODIST ALSO SERVES THE COMMUNITY WITH DIAGNOSTIC CARE FACILITIES IN THE COMMUNITIES WE SERVE AND ONE HOSPICE FACILITY COMMITTED TO CARING FOR OUR PATIENTS AT END-OF-LIFE. WE ARE ALSO AN ECONOMIC DRIVER FOR THE COMMUNITY, CONTRIBUTING $5 BILLION TO THE MEMPHIS-AREA ECONOMY. MLH EMPLOYS MORE THAN 10,600 ASSOCIATES AND HAS A MEDICAL STAFF OF MORE THAN 2,400 PROVIDERS, MAKING IT THE SECOND-LARGEST PRIVATE EMPLOYER IN SHELBY COUNTY. METHODIST UNIVERSITY HOSPITAL IS A PRIMARY TEACHING HOSPITAL FOR THE UNIVERSITY OF TENNESSEE HEALTH SCIENCE CENTER AND LE BONHEUR CHILDREN'S SERVES AS THE PRIMARY TEACHING AFFILIATE FOR THE UNIVERSITY, TRAINING HUNDREDS OF PEDIATRICIANS AND SPECIALISTS EACH YEAR. OUR RESEARCHERS ARE WORKING TO FIND NEW SOLUTIONS TO CHRONIC DISEASE THAT AFFECTS OUR POPULATION ESPECIALLY INCLUDING NEW TREATMENTS FOR DIABETES AND ASTHMA. WE ALSO HAVE SIGNIFICANT PARTNERSHIPS WITH ST. JUDE CHILDREN'S RESEARCH FOUNDATION AND THE UNIVERSITY OF MEMPHIS TO EXTEND OUR RESEARCH AND TEACHING CAPABILITIES.

  Expenses $11,787,907 · Grants $9,303,737

• LCHF IS A SUBSCRIBING MEMBER OF CHILDREN'S MIRACLE NETWORK HOSPITALS. LOCAL FUNDS RAISED THROUGH SPONSORS OF THIS ORGANIZATION SUPPORT SOME OF THE HOSPITAL'S GREATEST NEEDS. THE EXPOSURE RECEIVED THROUGH PARTNERSHIPS WITH MORE THAN 400 RETAIL CMN REGIONAL LOCATIONS ALLOWS LE BONHEUR TO HAVE A GREATER PRESENCE THROUGHOUT THE REGION. THIS PRESENCE GIVES OPPORTUNITY FOR GREATER EXPOSURE OF PROGRAMS AVAILABLE AT LE BONHEUR.

As filed on the 2023 return.

Listed in Part VII

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

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

• METHODIST HEALTHCARE - MEMPHIS HOSPITALS

  $2,216,136

  Capital Acquisitions

• METHODIST HEALTHCARE - MEMPHIS HOSPITALS

  $2,079,935

  FedEx Fam House Operational

• METHODIST HEALTHCARE - MEMPHIS HOSPITALS

  $1,625,776

  Operational Support and Marketing

• METHODIST LE BONHEUR COMMUNITY OUTREACH

  $917,108

  Operational Support

• UNIVERSITY OF TENNESSEE

  $268,097

  Research Services And IRB Fees

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.

• ALLIANCE HEALTH SERVICES INC

  501(c)(3) · HEALTHCARE · TN

  Directly controlled by METHODIST LE BONHEUR HEALTHCARE

• METHODIST HEALTHCARE - MEMPHIS HOSPITALS

  501(c)(3) · HOSPITALS · TN

  Directly controlled by METHODIST LE BONHEUR HEALTHCARE

• METHODIST HEALTHCARE CENTRAL MS MEDICAL ASSOCIATES

  501(c)(3) · INACTIVE HOSPITAL · MS

  Directly controlled by METHODIST LE BONHEUR HEALTHCARE

• METHODIST HEALTHCARE COMMUNITY CARE ASSOCIATES

  501(c)(3) · OUTPATIENT HEALTHCARE · MS

  Directly controlled by METHODIST LE BONHEUR HEALTHCARE

• METHODIST HEALTHCARE FOUNDATION

  501(c)(3) · FOUNDATION · TN

  Directly controlled by METHODIST LE BONHEUR HEALTHCARE

• METHODIST HEALTHCARE-JACKSON HOSPITAL

  501(c)(3) · INACTIVE HOSPITAL · MS

  Directly controlled by METHODIST LE BONHEUR HEALTHCARE

• METHODIST HEALTHCARE-JONESBORO HOSPITAL

  501(c)(3) · INACTIVE HOSPITAL · AZ

  Directly controlled by METHODIST LE BONHEUR HEALTHCARE

• METHODIST HEALTHCARE-MIDDLE MISSISSIPPI HOSPITAL

  501(c)(3) · INACTIVE HOSPITAL · MS

  Directly controlled by METHODIST LE BONHEUR HEALTHCARE

• METHODIST HEALTHCARE-OLIVE BRANCH HOSPITAL

  501(c)(3) · HOSPITAL · MS

  Directly controlled by METHODIST LE BONHEUR HEALTHCARE

• METHODIST LE BONHEUR COMMUNITY OUTREACH

  501(c)(3) · FOUNDATION · TN · controlled entity

  Directly controlled by LE BONHEUR CHILDREN'S HOSPITAL

• METHODIST LE BONHEUR HEALTHCARE

  501(c)(3) · SUPPORTING ORGANIZATION · TN

  Directly controlled by NA

• UT LE BONHEUR PEDIATRIC SPECIALISTS INC

  501(c)(3) · PEDIATRICS · TN

  Directly controlled by METHODIST LE BONHEUR HEALTHCARE

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.

Provenance

Return type

form_990

Tax year

2023

Filed

18 October 2024

IRS schema version

2023v5.1

Source object

202442929349301329

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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