Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $3,838,285

• 1c · Fundraising events

  $100,000

• 1f · All other contributions, gifts and grants

  $45,390,486

• 1g · Noncash contributions included above

  $2,747,813

• 7a · Gross sales of assets other than inventory

  securities $311,259

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

  securities $301,513

• 7c · Gain or loss

  securities $9,746

• 7d · Net gain or loss

  total $9,746 · excluded $9,746

• 8a · Fundraising events: gross income

  $607,787

• 8a · Fundraising events: contributions included on line 1c

  $100,000

• 8b · Fundraising events: direct expenses

  $255,978

• 8c · Net income from fundraising events

  total $351,809 · excluded $351,809

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $41,694,550 · program services $41,694,550

• 5 · Compensation of officers, directors and key employees

  total $1,473,930 · program services $293,312 · management and general $303,630 · fundraising $876,988

• 7 · Other salaries and wages

  total $7,658,136 · program services $1,523,969 · management and general $1,577,576 · fundraising $4,556,591

• 8 · Pension plan contributions

  total $382,583 · program services $76,134 · management and general $78,812 · fundraising $227,637

• 9 · Other employee benefits

  total $925,170 · program services $184,109 · management and general $190,585 · fundraising $550,476

• 10 · Payroll taxes

  total $645,055 · program services $128,366 · management and general $132,881 · fundraising $383,808

• 11a · Fees: management

  total $539,108 · fundraising $539,108

• 11b · Fees: legal

  total $30,247 · management and general $30,247

• 11e · Fees: professional fundraising services

  total $1,133,845 · fundraising $1,133,845

• 11g · Fees: other

  total $1,307,582 · fundraising $1,307,582

• 12 · Advertising and promotion

  total $585,495 · fundraising $585,495

• 13 · Office expenses

  total $12,200 · fundraising $12,200

• 14 · Information technology

  total $343,405 · fundraising $343,405

• 16 · Occupancy

  total $9,288 · fundraising $9,288

• 17 · Travel

  total $260,557 · fundraising $260,557

• 19 · Conferences, conventions and meetings

  total $198,801 · fundraising $198,801

• 22 · Depreciation, depletion and amortization

  total $11,654 · fundraising $11,654

• 24a · Other expenses: CORPORATE SPONSORSHIPS

  total $2,547,251 · fundraising $2,547,251

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $276,823 · fundraising $276,823

• 24c · Other expenses: POSTAGE & SHIPPING

  total $170,274 · fundraising $170,274

• 24d · Other expenses: FOOD SUPPLIES

  total $43,967 · fundraising $43,967

• 24e · All other expenses

  total $101,769 · fundraising $101,769

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $101,947 · end of year $663,055

• 3 · Pledges and grants receivable

  beginning of year $195,388,875 · end of year $207,510,621

• 4 · Accounts receivable

  beginning of year $290,838 · end of year $166,826

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,189,564 · end of year $864,212

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

  $751,428

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

  $705,562

• 10c · Land, buildings and equipment, net

  beginning of year $26,666 · end of year $45,866

• 17 · Accounts payable and accrued expenses

  beginning of year $527,702 · end of year $1,071,170

• 19 · Deferred revenue

  beginning of year $647,869 · end of year $1,426,954

• 25 · Other liabilities

  beginning of year $6,422,823 · end of year $13,634,036

• 27 · Net assets without donor restrictions

  beginning of year $189,399,496 · end of year $193,118,420

The filer's explanations (Part III)

PART I, LINE 3

THE FOUNDATION RELIED ON A RELATED ORGANIZATION, RADY CHILDREN'S HOSPITAL AND HEALTH CENTER, THAT USES ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J, PART I, LINE 3, TO ESTABLISH THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL'S COMPENSATION. SEE SCHEDULE O DISCLOSURE FOR FORM 990, PART VI, SECTION B, LINE 15 FOR ADDITIONAL INFORMATION.

PART I, LINE 4B

RADY CHILDREN'S HOSPITAL AND HEALTH CENTER HAS ESTABLISHED A NON-QUALIFIED PLAN PURSUANT TO 457(F) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THIS PLAN IS TO INCENTIVIZE RADY CHILDREN'S HOSPITAL SAN DIEGO ELIGIBLE SENIOR MANAGEMENT EMPLOYEES (PRESIDENT, SENIOR VICE PRESIDENTS, VICE PRESIDENTS, SENIOR MANAGING DIRECTORS) IN RECOGNITION OF THE FACT THAT THEY ARE REQUIRED TO DEVOTE SIGNIFICANT AMOUNTS OF TIME, SKILL AND ENERGY TO THE ORGANIZATION. THE AMOUNTS LISTED IN SCHEDULE J PART II COLUMN (C) ARE SUBJECT TO SUBSTANTIAL FUTURE SERVICE REQUIREMENTS TO THE ORGANIZATION AND ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. ONCE VESTED AND NOT OTHERWISE DEFERRED, THE AMOUNTS UNDER THIS PLAN ARE REPORTED ON FORM W-2 AS TAXABLE COMPENSATION TO THE INDIVIDUAL. THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM THE PLAN DURING CALENDAR YEAR 2023: GAIL KNIGHT, MD ($417,834), NICHOLAS HOLMES, MD ($119,911), PATRICK FRIAS, MD ($268,917), JAMES J. ULI, JR. ($68,968), STEPHEN JENNINGS ($94,459), JILL STRICKLAND ($49,998), CHARLES DAVIS ($97,476), ALEXANDRA LOKER ($6,047), CAROL DAMON-SCHERER ($27,054), JEAN FORD ($29,774), JULIE REINKE ($6,643), AND SARAH COOPER ($6,745).

Related corporations and trusts

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

• CHILDREN'S HOSPITAL INTEGRATED RISK PROTE

  C · CAPTIVE INSURANCE · BD

  Directly controlled by RCHHC

• CHILDREN'S HOSPITAL INSURANCE LTD

  C · CAPTIVE INSURANCE · BD

  Directly controlled by RCHHC

• RADY CHILDREN'S PHYSICIAN MANAGEMENT SERVICES

  C · MGMT-PHYS OFF · CA

  Directly controlled by RCHHC

• CHARITABLE REMAINDER UNITRUST(11)

  T · CRUT · CA

  Directly controlled by RCHF