Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $3,836

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $8,395,086 · related or exempt $8,395,086

• 3 · Investment income

  total $1,089,086 · unrelated business $45,335 · excluded $1,043,751

• 11a · Other revenue: PAY FOR PERFORMANCE REVENUE

  total $400,000 · related or exempt $400,000

• 11e · Other revenue, total

  $400,000

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $256,352 · management and general $256,352

• 7 · Other salaries and wages

  total $6,961,182 · program services $5,988,380 · management and general $972,802

• 8 · Pension plan contributions

  total $184,345 · program services $30,435 · management and general $153,910

• 9 · Other employee benefits

  total $725,954 · program services $119,852 · management and general $606,102

• 10 · Payroll taxes

  total $529,102 · program services $87,352 · management and general $441,750

• 11f · Fees: investment management

  total $20,772 · management and general $20,772

• 11g · Fees: other

  total $65,734 · program services $340 · management and general $65,394

• 13 · Office expenses

  total $3,498 · program services $1,250 · management and general $2,248

• 14 · Information technology

  total $2,853 · management and general $2,853

• 16 · Occupancy

  total $187,065 · management and general $187,065

• 17 · Travel

  total $6,113 · program services $1,469 · management and general $4,644

• 19 · Conferences, conventions and meetings

  total $157 · management and general $157

• 20 · Interest

  total $55,202 · management and general $55,202

• 22 · Depreciation, depletion and amortization

  total $43,792 · management and general $43,792

• 23 · Insurance

  total $5,098 · management and general $5,098

• 24a · Other expenses: SHARED SERVICE ALLOC

  total $1,505,000 · management and general $1,505,000

• 24b · Other expenses: UTILITIES

  total $75,580 · program services $60,858 · management and general $14,722

• 24c · Other expenses: FOOD & MEALS

  total $3,365 · program services $2,504 · management and general $861

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $1,898 · program services $174 · management and general $1,725

• 24e · All other expenses

  total $2,439 · program services $1,273 · management and general $1,166

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,884,368 · end of year $518,748

• 4 · Accounts receivable

  beginning of year $969,800 · end of year $4,560,226

• 9 · Prepaid expenses and deferred charges

  beginning of year $151,663 · end of year $101,222

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

  $160,362

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

  $117,388

• 10c · Land, buildings and equipment, net

  beginning of year $86,765 · end of year $42,974

• 11 · Investments: publicly traded securities

  beginning of year $50,329,275 · end of year $59,604,981

• 12 · Investments: other securities

  beginning of year $1,923,914 · end of year $1,367,373

• 15 · Other assets

  beginning of year $36,448,569 · end of year $29,350,744

• 17 · Accounts payable and accrued expenses

  beginning of year $1,168,146 · end of year $1,177,583

• 25 · Other liabilities

  beginning of year $194,088 · end of year $17,468

• 27 · Net assets without donor restrictions

  beginning of year $92,432,120 · end of year $94,351,217

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:

PROCESS FOR DETERMINING COMPENSATION THE HSC FOUNDATION RELIES ON ITS SOLE MEMBER, CHILDREN'S NATIONAL MEDICAL CENTER (DBA CHILDREN'S NATIONAL), TO DETERMINE COMPENSATION FOR HSC FOUNDATION'S PRESIDENT. CHILDREN'S NATIONAL USES AN EXECUTIVE COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE PEOPLE, CULTURE AND COMPENSATION COMMITTEE OF THE BOARD TO ESTABLISH COMPENSATION.

SCHEDULE J, PART I, LINE 4B:

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C) AS PART OF DEFERRED COMPENSATION OR SCHEDULE J, PART II, COLUMN (B) (III) WHEN AMOUNTS ARE DEFERRED AND DISTRIBUTED IN THE SAME CALENDAR YEAR: MARY ANNE HILLIARD $72,881 ALDWIN LINDSAY $106,032 DONNA ANTHONY $27,038 NATHANIEL BEERS, MD $80,607 ADDITIONALLY, THE FOLLOWING INDIVIDUALS RECEIVED DISTRIBUTIONS FROM THE PLAN THAT WERE DEFERRED ON A PREVIOUSLY FILED FORM 990 AND ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III) AS TAXABLE WAGES IN THE CURRENT YEAR. MARY ANNE HILLIARD $61,769 ALDWIN LIDSAY $82,363 DONNA ANTHONY $21,077 NATHANIEL BEERS, MD $65,118

Disregarded entities

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

• HSC HOME CARE LLC

  HEALTHCARE · DC · income $8,798,922 · assets $8,156,958

  Directly controlled by HSC FNDN

Related partnerships

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

• CHILDREN'S PEDIATRICIANS AND ASSOCIATES LLC

  HEALTH CARE · DC

• 5253 NMTC LLC

  PROPERTY MANAGEMENT · DC

• 5253 HTC LLC

  PROPERTY MANAGEMENT · DC

• 54 NMTC LLC

  PROPERTY MANAGEMENT · DC

• 54 HTC LLC

  PROPERTY MANAGEMENT · DC

Related corporations and trusts

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

• CHILDREN'S NATIONAL HEALTH NETWORK

  C · HEALTH CARE · DC

• BEARACUDA RE

  C · REINSURANCE · CJ

• PEDIATRIC HEALTH NETWORK INC

  C · HEALTH CARE · DC

• BUILDING 5253 MANAGING MEMBER LLC

  C · PROPERTY MANAGEMENT · DC

• BUILDING 54 MANAGING MEMBER LLC

  C · PROPERTY MANAGEMENT · DC