Form 990 for tax year 2023
Filed by CHILDRENS ANESTHESIOLOGY ASSOCIATES LTD.
Totals
- Total revenue
- $105,482,936
- Total expenses
- $100,255,417
- Contributions and grants received
- $275,000
- Grants paid
- $6,500
- Program service revenue
- $102,112,187
- Investment income
- $3,095,749
- Other revenue
- $0
- Total assets, end of year
- $95,794,640
- Total liabilities, end of year
- $19,682,513
- Net assets or fund balances, end of year
- $76,112,127
- Program services expenses (Part IX)
- $88,766,984
- Management and general expenses
- $11,488,433
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $88,766,984
Program services were 88.5% 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
$275,000
-
2a · Program service revenue: NET PATIENT SERVICE REVENUE
total $85,676,074 · related or exempt $85,676,074
-
2b · Program service revenue: RESEARCH REVENUE
total $3,287,183 · related or exempt $3,287,183
-
2c · Program service revenue: OTHER PROGRAM SUPPORT
total $13,148,930 · related or exempt $13,148,930
-
3 · Investment income
total $1,971,551 · excluded $1,971,551
-
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 $4,885,149
-
7b · Less cost or other basis and sales expenses
securities $3,760,951
-
7c · Gain or loss
securities $1,124,198
-
7d · Net gain or loss
total $1,124,198 · excluded $1,124,198
-
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 $6,500 · program services $6,500
-
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 $6,135,610 · program services $5,321,108 · management and general $814,502
-
6 · Compensation of disqualified persons
total $1,329,788 · program services $1,329,788
-
7 · Other salaries and wages
total $73,416,055 · program services $66,394,700 · management and general $7,021,355
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $7,734,520 · program services $6,879,423 · management and general $855,097
-
10 · Payroll taxes
total $4,001,205 · program services $3,608,304 · management and general $392,901
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $2,800 · program services $1,800 · management and general $1,000
-
11c · Fees: accounting
total $71,640 · management and general $71,640
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $59,139 · management and general $59,139
-
11g · Fees: other
total $1,088,772 · program services $397,678 · management and general $691,094
-
12 · Advertising and promotion
total $33,550 · program services $16,188 · management and general $17,362
-
13 · Office expenses
total $118,861 · program services $111,948 · management and general $6,913
-
14 · Information technology
total $375,710 · program services $362,428 · management and general $13,282
-
15 · Royalties
total $0
-
16 · Occupancy
total $43,623 · program services $4,047 · management and general $39,576
-
17 · Travel
total $449,265 · program services $402,942 · management and general $46,323
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $115,804 · program services $95,410 · management and general $20,394
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,822 · program services $182 · management and general $3,640
-
23 · Insurance
total $2,592,293 · program services $2,592,293
-
24a · Other expenses: AFFILIATED PROGRAM EXPENSES
total $1,479,832 · program services $171,424 · management and general $1,308,408
-
24b · Other expenses: DEV., EDU., & SUBSCRIPTIONS
total $665,646 · program services $587,728 · management and general $77,918
-
24c · Other expenses: PATIENT RELATED SUPPLIES
total $54,528 · program services $53,714 · management and general $814
-
24d · Other expenses: RESEARCH EXPENSE
total $55,466 · program services $55,466
-
24e · All other expenses
total $420,988 · program services $373,913 · management and general $47,075
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 $22,705,498 · end of year $21,932,871
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $11,832,816 · end of year $14,805,917
-
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 $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,847,240
-
10b · Land, buildings and equipment: accumulated depreciation
$1,830,098
-
10c · Land, buildings and equipment, net
beginning of year $20,781 · end of year $17,142
-
11 · Investments: publicly traded securities
beginning of year $44,459,721 · end of year $49,423,019
-
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 $8,506,813 · end of year $9,615,691
-
17 · Accounts payable and accrued expenses
beginning of year $11,273,603 · end of year $10,810,246
-
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 $8,226,225 · end of year $8,872,267
-
27 · Net assets without donor restrictions
beginning of year $68,025,801 · end of year $76,112,127
-
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, ANESTHESIOLOGY, 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 THE MEDICAL RESEARCH AND TEACHING MISSIONS OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA.
Expenses $88,766,984 · Grants $6,500 · Revenue $102,112,187
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
CHARLES DEAN KURTH MD
FORMER PRESIDENT/DIRECTOR
- Total calculated
- $1,246,539
- From this org
- $1,202,974
- From related orgs
- $0
- Other
- $43,565
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $852,000
- Bonus
- $293,507
- Other
- $57,467
- Deferred
- $33,000
- Nontaxable benefits
- $10,565
- Filer's total
- $1,246,539
-
SUSAN NICOLSON MD
PHYSICIAN
- Total calculated
- $851,605
- From this org
- $0
- From related orgs
- $807,548
- Other
- $44,057
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $0 + $631,700 related
- Bonus
- $0 + $164,749 related
- Other
- $0 + $11,099 related
- Deferred
- $0 + $22,100 related
- Nontaxable benefits
- $0 + $21,957 related
- Filer's total
- $0 + $851,605 related
-
ANDREAS WOLFGANG LOEPKE MD
SECRETARY/DIRECTOR
- Total calculated
- $794,322
- From this org
- $732,344
- From related orgs
- $0
- Other
- $61,978
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $561,804
- Bonus
- $170,050
- Other
- $490
- Deferred
- $33,000
- Nontaxable benefits
- $28,978
- Filer's total
- $794,322
-
PHILIP BAILEY JR MD
TREASURER/DIRECTOR(THRU 09/23)
- Total calculated
- $782,440
- From this org
- $717,571
- From related orgs
- $0
- Other
- $64,869
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $546,609
- Bonus
- $70,700
- Other
- $100,262
- Deferred
- $33,000
- Nontaxable benefits
- $31,869
- Filer's total
- $782,440
-
PAUL STRICKER MD
PHYSICIAN
- Total calculated
- $705,684
- From this org
- $641,160
- From related orgs
- $0
- Other
- $64,524
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $516,222
- Bonus
- $72,850
- Other
- $52,088
- Deferred
- $33,000
- Nontaxable benefits
- $31,524
- Filer's total
- $705,684
-
LINDSEY LOVELAND BAPTIST MD
PHYSICIAN
- Total calculated
- $700,630
- From this org
- $642,591
- From related orgs
- $0
- Other
- $58,039
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $501,945
- Bonus
- $140,530
- Other
- $116
- Deferred
- $33,000
- Nontaxable benefits
- $25,039
- Filer's total
- $700,630
-
EDUARDO GOENAGA DIAZ MD
PHYSICIAN
- Total calculated
- $692,244
- From this org
- $0
- From related orgs
- $630,242
- Other
- $62,002
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $0 + $489,565 related
- Bonus
- $0 + $140,530 related
- Other
- $0 + $147 related
- Deferred
- $0 + $45,200 related
- Nontaxable benefits
- $0 + $16,802 related
- Filer's total
- $0 + $692,244 related
-
JAYANT PRATAP MD
PHYSICIAN
- Total calculated
- $689,326
- From this org
- $0
- From related orgs
- $651,378
- Other
- $37,948
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $0 + $509,218 related
- Bonus
- $0 + $140,680 related
- Other
- $0 + $1,480 related
- Deferred
- $0 + $22,100 related
- Nontaxable benefits
- $0 + $15,848 related
- Filer's total
- $0 + $689,326 related
-
ANDREW T COSTARINO MD
PRESIDENT/ DIRECTOR
- Total calculated
- $681,230
- From this org
- $644,848
- From related orgs
- $0
- Other
- $36,382
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $563,249
- Bonus
- $73,750
- Other
- $7,849
- Deferred
- $33,000
- Nontaxable benefits
- $3,382
- Filer's total
- $681,230
-
ROBERT SUTTON MD
VICE PRESIDENT/TREASURER/DIR.
- Total calculated
- $657,584
- From this org
- $595,955
- From related orgs
- $0
- Other
- $61,629
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $409,330
- Bonus
- $100,454
- Other
- $86,171
- Deferred
- $33,000
- Nontaxable benefits
- $28,629
- Filer's total
- $657,584
-
ROBERT A BERG MD
FORMER VICE PRESIDENT/DIRECTOR
- Total calculated
- $600,476
- From this org
- $0
- From related orgs
- $570,971
- Other
- $29,505
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $0 + $496,271 related
- Bonus
- $0 + $64,764 related
- Other
- $0 + $9,936 related
- Deferred
- $0 + $22,100 related
- Nontaxable benefits
- $0 + $7,405 related
- Filer's total
- $0 + $600,476 related
-
HEATHER MCCLUNG PASQUALINOMD
DIRECTOR
- Total calculated
- $574,653
- From this org
- $511,485
- From related orgs
- $0
- Other
- $63,168
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $427,834
- Bonus
- $46,280
- Other
- $37,371
- Deferred
- $33,000
- Nontaxable benefits
- $30,168
- Filer's total
- $574,653
-
ANNERY G GARCIA MARCINKIEWICZ
DIRECTOR
- Total calculated
- $527,463
- From this org
- $477,984
- From related orgs
- $0
- Other
- $49,479
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $401,251
- Bonus
- $39,630
- Other
- $37,103
- Deferred
- $22,432
- Nontaxable benefits
- $27,047
- Filer's total
- $527,463
-
JULIE FITZGERALD MD
DIRECTOR
- Total calculated
- $510,796
- From this org
- $441,364
- From related orgs
- $0
- Other
- $69,432
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $315,352
- Bonus
- $77,191
- Other
- $48,821
- Deferred
- $33,000
- Nontaxable benefits
- $36,432
- Filer's total
- $510,796
-
THOMAS CONLON MD
DIRECTOR
- Total calculated
- $450,513
- From this org
- $406,402
- From related orgs
- $0
- Other
- $44,111
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $291,731
- Bonus
- $44,100
- Other
- $70,571
- Deferred
- $33,000
- Nontaxable benefits
- $11,111
- Filer's total
- $450,513
-
JUDITH E KRAFT
EXECUTIVE DIRECTOR
- Total calculated
- $418,474
- From this org
- $0
- From related orgs
- $386,879
- Other
- $31,595
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $275,592 related
- Bonus
- $0 + $84,446 related
- Other
- $0 + $26,841 related
- Deferred
- $0 + $27,560 related
- Nontaxable benefits
- $0 + $4,035 related
- Filer's total
- $0 + $418,474 related
-
JODI CHEN MD
DIRECTOR
- Total calculated
- $404,896
- From this org
- $346,360
- From related orgs
- $0
- Other
- $58,536
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $295,539
- Bonus
- $39,150
- Other
- $11,671
- Deferred
- $33,000
- Nontaxable benefits
- $25,536
- Filer's total
- $404,896
-
JESSICA DELEON
ASSISTANT TREASURER
- Total calculated
- $274,509
- From this org
- $0
- From related orgs
- $250,069
- Other
- $24,440
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $179,649 related
- Bonus
- $0 + $43,747 related
- Other
- $0 + $26,673 related
- Deferred
- $0 + $15,885 related
- Nontaxable benefits
- $0 + $8,555 related
- Filer's total
- $0 + $274,509 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
- CHARLES DEAN KURTH, MD - 57,467
- 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.
- SCHEDULE J, PART II
- CHILDREN'S ANESTHESIOLOGY ASSOCIATES, LTD. (CAA) IS A SUBSIDIARY OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA. CAA'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 ORGANIZATION). 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
-
$6,500
SPONSORSHIP
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.
-
THE CHILDREN'S HOSPITAL OF PHILADELPHIA
501(C)(3) · HEALTHCARE · PA
Directly controlled by CHOP FDN
-
501(C)(3) · SUPPORT · PA
Directly controlled by na
-
CHILDREN'S ANESTHESIOLOGY ASSOC OF NJ
501(C)(3) · HEALTHCARE · NJ
Directly controlled by CHOP
-
CHILDREN'S HEALTH CARE ASSOCIATES OF NJ
501(C)(3) · HEALTHCARE · NJ
Directly controlled by CHOP
-
CHILDREN'S HEALTH CARE ASSOCIATES INC
501(C)(3) · HEALTHCARE · PA
Directly controlled by CHOP
-
501(C)(3) · HEALTHCARE · PA
Directly controlled by CHOP
-
SURGICAL ASSOCIATES RESEARCH & EDUCATION
501(C)(3) · RESEARCH · PA
Directly controlled by CHOP
-
CHILDREN'S SURGICAL ASSOCIATES LTD
501(C)(3) · HEALTHCARE · PA
Directly controlled by CHOP
-
CHILDREN'S SURGICAL ASSOCIATES OF NJ
501(C)(3) · HEALTHCARE · NJ
Directly controlled by CHOP
-
501(C)(3) · SUPPORT · PA
Directly controlled by NA
-
FIRST MEDICAL INSURANCE COMPANY (RRG)
501(C)(3) · SELF INSURANC · VT
Directly controlled by CHOP
-
501(C)(3) · HEALTHCARE · PA
Directly controlled by CHOP
-
501(C)(3) · HEALTHCARE · NJ
Directly controlled by CHOP
-
CHILDREN'S RADIOLOGY ASSOCIATES OF NJ
501(C)(3) · HEALTHCARE · NJ
Directly controlled by CHOP
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.
-
C CORP · BIOMEDICAL · DE
Directly controlled by CHOP FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511019349301871
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