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Nonprofiteer
← CHILDRENS HOSPITAL OF CHICAGO MEDICAL CENTER

Form 990 for tax year 2023

Filed by CHILDRENS HOSPITAL OF CHICAGO MEDICAL CENTER.

Totals

Total revenue
$72,532,493
Total expenses
$77,299,860
Contributions and grants received
$20,071,461
Grants paid
$0
Program service revenue
$52,461,032
Investment income
$0
Other revenue
$0
Total assets, end of year
$20,133,146
Total liabilities, end of year
$19,796,056
Net assets or fund balances, end of year
$337,090
Program services expenses (Part IX)
$71,398,916
Management and general expenses
$5,900,944
Fundraising expenses
$0
Program service expenses (Part III)
$71,398,916

Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Thomas P Shanley MD

    Ex-Officio Director/President & CEO LCH

    Total calculated
    $2,532,881
    From this org
    $0
    From related orgs
    $1,901,209
    Other
    $631,672
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,161,265 related
    Bonus
    $0 + $573,513 related
    Other
    $0 + $166,431 related
    Deferred
    $0 + $596,393 related
    Nontaxable benefits
    $0 + $35,279 related
    Filer's total
    $0 + $2,532,881 related
  • Alfreda Bradley-Coar

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Andrew N Reyes

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Barbara Sullivan

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Betsy B Rosenfield

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Brendan F Carroll

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Brian D Price

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Bruce R Hague

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Bruce S Saltzberg

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Carl S Allegretti

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Christopher S Segal

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Craig C Martin

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Daniel J Murphy

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • David A Garfield

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • David A Helfand

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Deidra Merriwether

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Dennis J Drescher

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Donald J Edwards

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Earl Cheng MD

    Director

    Total calculated
    $901,751
    From this org
    $0
    From related orgs
    $819,717
    Other
    $82,034
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $818,925 related
    Bonus
    $0
    Other
    $0 + $792 related
    Deferred
    $0 + $43,500 related
    Nontaxable benefits
    $0 + $38,534 related
    Filer's total
    $0 + $901,751 related
  • Edward J Wehmer

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Elizabeth A Engelmann

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Eric S Smith

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Frank R Jimenez

    Director Begin 8/22/24

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • H Thomas Watkins III

    Director & Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Honey Jacobs Skinner

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • James F Derose

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Janet L Malzone

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John H Simpson

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John J Greisch

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • John W Rutledge

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jonathan R Levin

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Karen Sauder

    Director & Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Karuna Rawal

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Katherine A Lindberg

    Director Begin 3/21/24

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Keating Crown

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kevin W Burke

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kristin Finney-Cooke

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Margaret B Stineman

    Ex-Officio Director Begin 7/1/24

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Mark A Hoppe

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Martin Kaplan

    Director Through 12/14/23

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Maureen Seaman

    Ex-Officio Director Through 7/1/24

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Michael M Larsen

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michael P Goldman

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michael S Hollander

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mohan P Rao PhD

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Peter J Bulgarelli

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Robert L Verigan

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Robert S Murley

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Roxanne Martino

    Director & Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Stephen A Smith

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Susan L Lees

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Suzet McKinney

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Thomas E O'Neill

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Thomas S Souleles

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Veronica Gomez

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • W Brennan Smith

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • William J Mckenna

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Yiannis Katsogridakis MD

    Ex-Officio Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Zaldwaynaka Scott

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Alex P Miller

    SVP, Chief Financial Officer

    Total calculated
    $744,798
    From this org
    $0
    From related orgs
    $701,490
    Other
    $43,308
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $480,682 related
    Bonus
    $0 + $220,304 related
    Other
    $0 + $504 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $26,808 related
    Filer's total
    $0 + $744,798 related
  • Fatema Zanzi

    EVP, Chief Admin & Legal Officer, Corp Sec (begin 01/09/24)

    Total calculated
    $875,842
    From this org
    $0
    From related orgs
    $726,640
    Other
    $149,202
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $512,206 related
    Bonus
    $0 + $213,651 related
    Other
    $0 + $783 related
    Deferred
    $0 + $145,228 related
    Nontaxable benefits
    $0 + $3,974 related
    Filer's total
    $0 + $875,842 related
  • Ali Shaibani MD

    Physician

    Total calculated
    $723,934
    From this org
    $672,248
    From related orgs
    $0
    Other
    $51,686
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $590,478
    Bonus
    $80,000
    Other
    $1,770
    Deferred
    $16,500
    Nontaxable benefits
    $35,186
    Filer's total
    $723,934
  • Cynthia K Rigsby MD

    Physician

    Total calculated
    $1,036,385
    From this org
    $838,145
    From related orgs
    $0
    Other
    $198,240
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $777,163
    Bonus
    $57,878
    Other
    $3,104
    Deferred
    $152,920
    Nontaxable benefits
    $45,320
    Filer's total
    $1,036,385
  • Elizabeth J Perlman MD

    Physician Through 4/15/24

    Total calculated
    $915,484
    From this org
    $864,714
    From related orgs
    $0
    Other
    $50,770
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $708,498
    Bonus
    $106,039
    Other
    $50,177
    Deferred
    $17,711
    Nontaxable benefits
    $33,059
    Filer's total
    $915,484
  • John T Walkup MD

    Physician

    Total calculated
    $1,019,290
    From this org
    $862,333
    From related orgs
    $0
    Other
    $156,957
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $672,876
    Bonus
    $53,242
    Other
    $136,215
    Deferred
    $144,310
    Nontaxable benefits
    $12,647
    Filer's total
    $1,019,290
  • Safwan S Halabi MD

    Physician

    Total calculated
    $621,086
    From this org
    $557,174
    From related orgs
    $0
    Other
    $63,912
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $452,188
    Bonus
    $104,000
    Other
    $986
    Deferred
    $16,500
    Nontaxable benefits
    $47,412
    Filer's total
    $621,086
  • Brenda Davis

    Former Interim Chief Financial Officer Through 2/6/23

    Total calculated
    $402,417
    From this org
    $0
    From related orgs
    $370,034
    Other
    $32,383
    Hours/week
    0 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,869 related
    Bonus
    $0 + $62,909 related
    Other
    $0 + $1,256 related
    Deferred
    $0 + $15,629 related
    Nontaxable benefits
    $0 + $16,754 related
    Filer's total
    $0 + $402,417 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)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
ANN & ROBERT H. LURIE CHILDREN'S HOSPITAL OF CHICAGO ("LURIE CHILDREN'S") MAINTAINS A DEFINED BENEFIT SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("DB SERP"), WHICH WAS EFFECTIVE ON JANUARY 1, 2001, AND IS CLOSED TO NEW PARTICIPANTS. THE DB SERP IS A DEFERRED COMPENSATION PLAN THAT ASSISTS IN PROVIDING COMPETITIVE TOTAL RETIREMENT BENEFITS TO A VERY LIMITED GROUP OF EXECUTIVE-LEVEL EMPLOYEES OF LURIE CHILDREN'S (INCLUDING ONE OR MORE PERSONS LISTED IN THIS FORM 990). THESE BENEFITS ARE PROVIDED IN EXCHANGE FOR ALL OF THE EMPLOYEE'S YEARS OF SERVICE TO THE ORGANIZATION, AND THE COST OF THE BENEFITS WILL VARY FROM YEAR TO YEAR BASED ON INTEREST RATES, AGE, AND OTHER FACTORS. THE AMOUNTS ARE AT RISK AND WILL NOT BE PAID UNLESS AND UNTIL THE EMPLOYEE HAS PROVIDED SUBSTANTIAL FUTURE SERVICES TO THE ORGANIZATION. BENEFITS UNDER THE DB SERP VEST AT AGE 62, AND ARE FORFEITED IF THE EMPLOYEE LEAVES THE ORGANIZATION VOLUNTARILY BEFORE AGE 62 (EXCEPT UNDER THE SOLE DISCRETION OF THE LURIE CHILDREN'S BOARD, AND ONLY IF THE PARTICIPANT HAS REACHED AT LEAST AGE 55 WITH AT LEAST 10 YEARS OF SERVICE). PARTICIPANTS WHO VOLUNTARILY LEAVE THE ORGANIZATION BEFORE AGE 55 FORFEIT THEIR ENTIRE DB SERP BENEFIT UPON TERMINATION. THE FOLLOWING INDIVIDUAL PARTICIPATED IN THE DB SERP AND RECEIVED A VESTED PAYMENT (EARNED OVER MANY YEARS OF EMPLOYMENT) DURING 2023 WHICH IS REPORTED IN COLUMN B (III): ELIZABETH PERLMAN $42,233 NOTE THE AMOUNT REPORTED IN COLUMN (F) FOR EACH SERP PAYMENT SHOWN ABOVE. THE COLUMN (F) AMOUNT SHOWS THE PORTION OF THE SERP PAYMENT THAT WAS ALREADY REPORTED ON PREVIOUS 990S WHEN FIRST EARNED. THE COLUMN (F) AMOUNT IS ALSO REFLECTED WITHIN THE TOTAL AMOUNT IN COLUMN (B)(III). LURIE CHILDREN'S ALSO MAINTAINS A DEFINED CONTRIBUTION SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("DC SERP"), WHICH WAS ESTABLISHED ON JANUARY 1, 2017 AND IS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EMPLOYEES IN EXECUTIVE POSITIONS, WHO ARE NOT PARTICIPANTS IN THE DB SERP. THE BENEFITS IN THE DC SERP ARE IN THE FORM OF A FIXED ANNUAL CONTRIBUTION RATE AND AN EARNINGS CREDIT. EACH YEAR'S CONTRIBUTION AND EARNINGS ARE AT RISK AND WILL BECOME FULLY VESTED AND TAXABLE ONLY AFTER FIVE YEARS OF FUTURE EMPLOYMENT SERVICE, OR UPON REACHING AGE 62 WITH AT LEAST THREE YEARS OF SERVICE. SEVERAL LISTED PERSONS IN THIS FORM 990 PARTICIPATE IN THE DC SERP, AND THE UNVESTED CONTRIBUTIONS MADE FOR THEM ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE DC SERP AND RECEIVED A VESTED PAYMENT DURING 2023 WHICH IS REPORTED IN COLUMN B (III): JOHN T. WALKUP, MD $127,810 THOMAS P. SHANLEY, MD $162,149 CEO DEFERRED COMPENSATION LISTED INDIVIDUAL THOMAS SHANLEY MD IS THE SOLE PARTICIPANT IN AN ADDITIONAL SUPPLEMENTAL RETIREMENT BENEFIT ARRANGEMENT THAT BEGAN IN 2021. HE IS ELIGIBLE TO EARN A BENEFIT THAT WILL NOT BECOME VESTED FOR SEVERAL YEARS. A PRORATED PORTION OF THE BENEFIT (REPRESENTING THE PORTION EARNED IN 2023) IS REPORTED IN COLUMN (C) AS UNVESTED DEFERRED COMPENSATION, AND WILL BE REPORTED AGAIN AS COMPENSATION IF AND WHEN THE FULL BENEFIT BECOMES VESTED AND IS SUBJECT TO TAX. THE INDEPENDENT COMPENSATION COMMITTEE OF THE CHILDREN'S HOSPITAL OF CHICAGO MEDICAL CENTER BOARD, WHOSE DILIGENT REVIEW AND APPROVAL PROCESS IS DESCRIBED ELSEWHERE IN THESE NARRATIVES, HAS REVIEWED AND APPROVED DR. SHANLEY'S TOTAL COMPENSATION IN A MANNER THAT QUALIFIES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL TAX LAW INTERMEDIATE SANCTIONS RULES, AND AS PART OF THIS REVIEW PROCESS TOOK INTO ACCOUNT THE BENEFIT BEING EARNED UNDER THIS ADDITIONAL ARRANGEMENT.
Schedule J, Part I, Line 7 Non-fixed payments
THE ORGANIZATION PROVIDES ANNUAL INCENTIVE COMPENSATION TO SENIOR MANAGEMENT UNDER A SENIOR MANAGEMENT INCENTIVE COMPENSATION PLAN. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B (II). THE PLAN IS DESIGNED TO OFFER OPPORTUNITIES FOR ADDITIONAL COMPENSATION TIED TO PERFORMANCE AGAINST PRE-DETERMINED FINANCIAL, PATIENT SATISFACTION, PATIENT SAFETY AND INDIVIDUAL GOALS APPROVED IN ADVANCE BY THE COMPENSATION COMMITTEE OF THE CHILDREN'S HOSPITAL OF CHICAGO MEDICAL CENTER (MEDICAL CENTER) BOARD OF DIRECTORS, WHICH SERVES AS THE COMPENSATION COMMITTEE OF LURIE CHILDREN'S. THE COMPENSATION COMMITTEE HAS EXPRESSLY REVIEWED THE REASONABLENESS OF ALL SUCH PAYMENTS AND HAS CONCLUDED, AS THE RESULT OF A PROCESS THAT IS DESIGNED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER FEDERAL TAX LAW, THAT ALL SUCH AMOUNTS ARE REASONABLE AND DO NOT EXCEED FAIR MARKET VALUE FOR THE SERVICES PROVIDED.
Schedule J, Part II RELATED COMPENSATION
THE FOLLOWING INDIVIDUAL IS NOT COMPENSATED BY THE REPORTING ORGANIZATION FOR HIS OR HER SERVICE AS A DIRECTOR OR OFFICER. RATHER, THE COMPENSATION REPORTED ON FORM 990, PART VII AND ON SCHEDULE J, PART II REFLECTS COMPENSATION PAID BY LURIE CHILDREN'S SURGICAL FOUNDATION, INC. FOR THE INDIVIDUAL'S SUBSTANTIAL AND FULL-TIME SERVICES AS AN EMPLOYEE. FOR MORE DETAILS, PLEASE REFER TO THE 2023 FORM 990 OF LURIE CHILDREN'S SURGICAL FOUNDATION, INC., FEIN 83-1650513. EARL CHENG, MD THE FOLLOWING INDIVIDUALS ARE NOT COMPENSATED BY THE REPORTING ORGANIZATION FOR HIS OR HER SERVICE AS A DIRECTOR OR OFFICER. RATHER, THE COMPENSATION REPORTED ON FORM 990, PART VII AND ON SCHEDULE J, PART II REFLECTS COMPENSATION PAID BY ANN & ROBERT H. LURIE CHILDREN'S HOSPITAL OF CHICAGO ("LURIE CHILDREN'S") FOR THE INDIVIDUAL'S SUBSTANTIAL AND FULL-TIME SERVICES AS AN EMPLOYEE. FOR MORE DETAILS, PLEASE REFER TO THE 2023 FORM 990 OF LURIE CHILDREN'S, FEIN 36-2170833. ALEX P. MILLER BRENDA DAVIS FATEMA ZANZI THOMAS P. SHANLEY, MD

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

No itemized grants to organizations 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.

Disregarded entities

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

Related partnerships

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

  • LURIE CHILDRENS CIN LLC

    CONTRACTING SVCS · IL · 94.06% owned · share of income -$4,423,461 · share of assets $5,204,682 · general or managing partner

    Directly controlled by NA

Related corporations and trusts

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

  • CMMC INSURANCE CO LTD

    C Corporation · SELF INSURANCE · CJ · 100% owned · share of income $132,502 · share of assets $23,050,029 · controlled entity

    Directly controlled by MEDICAL CTR

Provenance

Return type
form_990
Tax year
2023
Filed
10 July 2025
IRS schema version
2023v6.0
Source object
202501919349302110

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