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Nonprofiteer
← CHILDRENS HOSPITAL COLORADO HEALTH SYSTEM

Form 990 for tax year 2023

Filed by CHILDRENS HOSPITAL COLORADO HEALTH SYSTEM.

Totals

Total revenue
$39,633,619
Total expenses
$10,962,315
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$39,538,740
Other revenue
$94,879
Total assets, end of year
$1,304,894,316
Total liabilities, end of year
$1,350,383
Net assets or fund balances, end of year
$1,303,543,933
Program services expenses (Part IX)
$112,624
Management and general expenses
$10,849,691
Fundraising expenses
$0
Program service expenses (Part III)
$112,624

Program services were 1.0% 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.

  • 2a · Program service revenue

    total $0 · related or exempt $0

  • 2b · Program service revenue

    total $0 · related or exempt $0

  • 2c · Program service revenue

    total $0 · related or exempt $0

  • 2d · Program service revenue

    total $0 · related or exempt $0

  • 2e · Program service revenue

    total $0 · related or exempt $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $11,975,995 · excluded $11,975,995

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

    total $0 · related or exempt $0

  • 5 · Royalties

    total $0 · related or exempt $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0

  • 7a · Gross sales of assets other than inventory

    securities $27,562,745 · other assets $0

  • 7c · Gain or loss

    securities $27,562,745 · other assets $0

  • 7d · Net gain or loss

    total $27,562,745 · excluded $27,562,745

  • 11a · Other revenue: PARTNERSHIP INCOME

    total $94,879 · unrelated business $94,879

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $94,879

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $110,660 · program services $88,307 · management and general $22,353 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $21,345 · program services $17,033 · management and general $4,312 · fundraising $0

  • 10 · Payroll taxes

    total $9,128 · program services $7,284 · management and general $1,844 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $741,730 · program services $0 · management and general $741,730 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $9,664,203 · program services $0 · management and general $9,664,203 · fundraising $0

  • 11g · Fees: other

    total $54,649 · program services $0 · management and general $54,649 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $600 · program services $0 · management and general $600 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: UBIT TAXES

    total $360,000 · program services $0 · management and general $360,000 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

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 $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $315,046,582 · end of year $353,891,532

  • 12 · Investments: other securities

    beginning of year $853,694,686 · end of year $948,138,092

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,581,328 · end of year $2,864,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $322,246 · end of year $292,958

  • 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 $1,224,098 · end of year $1,057,425

  • 27 · Net assets without donor restrictions

    beginning of year $967,965,735 · end of year $1,077,378,483

  • 28 · Net assets with donor restrictions

    beginning of year $201,810,517 · end of year $226,165,450

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

to manage the investment of funds on behalf of Children's Hospital Colorado ("Hospital") and Children's Hospital Colorado Foundation ("Foundation").

  • SEE SCHEDULE O.

    Expenses $112,624

As filed on the 2023 return.

Listed in Part VII

  • Jena Hausmann

    President and CEO

    Total calculated
    $2,996,019
    From this org
    $0
    From related orgs
    $2,585,364
    Other
    $410,655
    Hours/week
    4 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,653,306 related
    Bonus
    $0 + $671,440 related
    Other
    $0 + $260,618 related
    Deferred
    $0 + $382,193 related
    Nontaxable benefits
    $0 + $28,462 related
    Filer's total
    $0 + $2,996,019 related

  • Betsy Searle

    Board Member

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • David Honeyfield

    Board Member/Chair Elect

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • David Hoover

    Board Member

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Donald Elliman

    Board Member

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • John (Jack) Wold

    Board Member/Chair

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • John Fenley

    Board Member/Treasurer

    Total calculated
    $0
    Hours/week
    4 + 3 related

  • John Freyer

    Board Member

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Mike Asher

    Board Member (THRU 04/2023)

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Scott Morrison

    Board Member

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Jeffrey Harrington

    SVP and CFO

    Total calculated
    $1,453,670
    From this org
    $0
    From related orgs
    $1,255,284
    Other
    $198,386
    Hours/week
    4 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $870,706 related
    Bonus
    $0 + $259,129 related
    Other
    $0 + $125,449 related
    Deferred
    $0 + $182,049 related
    Nontaxable benefits
    $0 + $16,337 related
    Filer's total
    $0 + $1,453,670 related

  • Michelle Lucero

    Chief Legal Officer, General Counsel/Secretary

    Total calculated
    $1,396,198
    From this org
    $0
    From related orgs
    $1,226,568
    Other
    $169,630
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $544,969 related
    Bonus
    $0 + $163,027 related
    Other
    $0 + $518,572 related
    Deferred
    $0 + $151,325 related
    Nontaxable benefits
    $0 + $18,305 related
    Filer's total
    $0 + $1,396,198 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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE CEO OF THE ORGANIZATION IS COMPENSATED BY CHILDREN'S HOSPITAL COLORADO, A RELATED TAX-EXEMPT ORGANIZATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS RECEIVED A PAYOUT FROM A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN: JENA HAUSMANN $257,030 JEFFREY HARRINGTON $114,648 MICHELLE LUCERO $506,564

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.

Related corporations and trusts

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

  • PEDIATRIC CARE NETWORK CHCH LLC

    C Corporation · HEALTHCARE · CO · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by CH-COLORADO

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349309235

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