Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $37,092

• 1b · Membership dues

  $13,800

• 1c · Fundraising events

  $2,731,714

• 1d · Related organizations

  $226,916,567

• 1e · Government grants (contributions)

  $118,396,331

• 1f · All other contributions, gifts and grants

  $132,350,536

• 1g · Noncash contributions included above

  $17,875,603

• 2a · Program service revenue: NET PATIENT SERVICES REVENUE

  total $2,105,384,153 · related or exempt $2,105,384,153

• 2b · Program service revenue: CAPITATION PREMIUMS

  total $1,372,477,421 · related or exempt $1,372,477,421

• 2c · Program service revenue: PHYSICIAN SERVICES REVENUE

  total $33,242,002 · related or exempt $33,242,002

• 2d · Program service revenue: REFERENCE LAB

  total $5,807,796 · unrelated business $5,807,796

• 2e · Program service revenue: RETAIL PHARMACY

  total $1,845,734 · unrelated business $1,845,734

• 2f · All other program service revenue

  total $2,252,286 · related or exempt $2,252,286 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $127,646,126 · unrelated business $418,085 · excluded $127,228,041

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

  total $3,022 · excluded $3,022

• 5 · Royalties

  total $68,920,167 · excluded $68,920,167

• 6a · Gross rents

  real property $3,187,917

• 6b · Less rental expenses

  real property $3,816,940

• 6c · Rental income or loss

  real property -$629,023 · personal property $0

• 6d · Net rental income or loss

  total -$629,023 · unrelated business $1,053,833 · excluded -$1,682,856

• 7a · Gross sales of assets other than inventory

  securities $104,614,473 · other assets $249,282

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

  securities $2,489,769 · other assets $24,375

• 7c · Gain or loss

  securities $102,124,704 · other assets $224,907

• 7d · Net gain or loss

  total $102,349,611 · excluded $102,349,611

• 8a · Fundraising events: gross income

  $338,179

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

  $2,731,714

• 8b · Fundraising events: direct expenses

  $658,090

• 8c · Net income from fundraising events

  total -$319,911 · excluded -$319,911

• 9a · Gaming: gross income

  $52,183

• 9b · Gaming: direct expenses

  $8,808

• 9c · Net income from gaming

  total $43,375 · excluded $43,375

• 11a · Other revenue: CAFETERIA

  total $9,720,512 · unrelated business $8,100 · excluded $9,712,412

• 11b · Other revenue: CHILD CARE CENTER

  total $5,022,959 · excluded $5,022,959

• 11c · Other revenue: PARKING

  total $3,130,112 · excluded $3,130,112

• 11d · All other revenue

  total $7,754,420 · related or exempt $4,446,233 · unrelated business $540,993 · excluded $2,767,194

• 11e · Other revenue, total

  $25,628,003

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $279,543,135 · program services $279,543,135

• 2 · Grants to domestic individuals

  total $1,174,502 · program services $1,174,502

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $25,794,540 · program services $9,012,315 · management and general $16,310,870 · fundraising $471,355

• 6 · Compensation of disqualified persons

  total $157,357 · management and general $157,357

• 7 · Other salaries and wages

  total $1,275,702,473 · program services $985,471,605 · management and general $288,367,117 · fundraising $1,863,751

• 8 · Pension plan contributions

  total $52,933,290 · program services $38,526,439 · management and general $14,406,851

• 9 · Other employee benefits

  total $175,105,064 · program services $134,914,302 · management and general $39,662,857 · fundraising $527,905

• 10 · Payroll taxes

  total $84,783,191 · program services $60,938,352 · management and general $23,844,839

• 11b · Fees: legal

  total $12,134,057 · management and general $12,134,057

• 11c · Fees: accounting

  total $640,004 · management and general $640,004

• 11d · Fees: lobbying

  total $964,128 · management and general $964,128

• 11g · Fees: other

  total $337,833,684 · program services $254,930,109 · management and general $82,879,202 · fundraising $24,373

• 12 · Advertising and promotion

  total $3,208,368 · program services $290,460 · management and general $1,654,854 · fundraising $1,263,054

• 13 · Office expenses

  total $68,440,582 · program services $44,217,904 · management and general $24,218,586 · fundraising $4,092

• 14 · Information technology

  total $29,085,932 · program services $10,746,065 · management and general $18,339,867

• 15 · Royalties

  total $22,337,880 · program services $22,337,880

• 16 · Occupancy

  total $123,768,372 · program services $99,833,614 · management and general $23,934,758

• 17 · Travel

  total $7,733,674 · program services $6,036,248 · management and general $1,666,434 · fundraising $30,992

• 19 · Conferences, conventions and meetings

  total $3,267,254 · program services $2,519,651 · management and general $742,782 · fundraising $4,821

• 20 · Interest

  total $30,275,967 · management and general $30,275,967

• 22 · Depreciation, depletion and amortization

  total $132,316,263 · program services $94,828,515 · management and general $37,487,748

• 23 · Insurance

  total $20,114,956 · program services $15,411,130 · management and general $4,703,826

• 24a · Other expenses: CLAIMS EXPENSE

  total $829,295,362 · program services $829,295,362

• 24b · Other expenses: DRUGS

  total $269,534,979 · program services $269,098,790 · management and general $436,189

• 24c · Other expenses: MEDICAL SUPPLIES

  total $132,119,729 · program services $132,119,729

• 24d · Other expenses: HOSPITAL FRANCHISE FEES

  total $63,985,847 · program services $63,985,847

• 24e · All other expenses

  total $39,951,647 · program services $28,608,967 · management and general $11,280,499 · fundraising $62,181

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $372,347,575 · end of year $191,379,550

• 2 · Savings and temporary cash investments

  beginning of year $55,266,098 · end of year $53,382,061

• 3 · Pledges and grants receivable

  beginning of year $76,711,350 · end of year $59,251,698

• 4 · Accounts receivable

  beginning of year $554,178,825 · end of year $787,623,143

• 5 · Loans and receivables from officers and key people

  beginning of year $5,703,593 · end of year $7,332,164

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $22,123,081 · end of year $22,146,212

• 8 · Inventories for sale or use

  beginning of year $18,571,152 · end of year $19,276,210

• 9 · Prepaid expenses and deferred charges

  beginning of year $43,759,826 · end of year $68,677,501

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

  $3,152,880,657

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

  $1,143,144,151

• 10c · Land, buildings and equipment, net

  beginning of year $1,825,675,685 · end of year $2,009,736,506

• 11 · Investments: publicly traded securities

  beginning of year $4,939,782,973 · end of year $5,387,758,308

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $39,309,757 · end of year $39,328,586

• 15 · Other assets

  beginning of year $271,592,495 · end of year $344,646,393

• 17 · Accounts payable and accrued expenses

  beginning of year $442,950,969 · end of year $478,605,574

• 19 · Deferred revenue

  beginning of year $10,699,729 · end of year $12,769,113

• 20 · Tax-exempt bond liabilities

  beginning of year $616,050,000 · end of year $601,055,000

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $740,951,931 · end of year $757,435,305

• 27 · Net assets without donor restrictions

  beginning of year $5,991,464,505 · end of year $6,715,635,620

• 28 · Net assets with donor restrictions

  beginning of year $422,905,276 · end of year $425,037,720

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

Nationwide Children's Hospital provided health or social club dues for Patricia McClimon, Rustin Morse, M.D., Catherine Krawczeski M.D., and Dennis Durbin, M.D. These were treated as taxable compensation to the employee. Nationwide Children's Hospital also provided health or social club dues for Timothy C. Robinson and Stephen Testa. These were determined to be business expenses and were not treated as compensation to the employee.

Schedule J, Part I, Line 4a Severance or change-of-control payment

THE FOLLOWING SEVERANCE PAYMENTS WERE PAID OUT IN 2024: - RUSTIN MORSE, M.D. - $263,031 - SHILPI BANERJEE - $59,665 -PAMELA EDSON - $65,918

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: TIMOTHY C. ROBINSON, RICHARD MILLER, RHONDA COMER, STEPHEN TESTA, LORINA WISE, PATRICIA MCCLIMON, OLUTOYE OLUYINKA, M.D., LEE ANN WALLACE, RUSTIN MORSE, M.D., DENNIS DURBIN, M.D., CATHERINE KRAWCZESKI, M.D., DENISE ZABAWSKI, AND BRENT ADLER, M.D. CONTRIBUTIONS WERE MADE ON BEHALF OF THE FOLLOWING EMPLOYEESS: RHONDA COMER $125,000 STEPHEN TESTA $50,000 LORINA WISE $50,000 PATRICIA MCCLIMON $125,000 OLUTOYE OLUYINKA, M.D. $150,000 LEE ANN WALLACE $50,000 RUSTIN MORSE, M.D. $20,833 DENNIS DURBIN, M.D. $83,333 CATHERINE KRAWCZESKI, M.D. $83,333 DENISE ZABAWSKI $50,000 BRENT ADLER, M.D. $30,000 EFFECTIVE FOR PLAN YEAR 2010, NATIONWIDE CHILDREN'S HOSPITAL CHOSE TO ELIMINATE FUTURE CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CURRENT BALANCES OF THIS PLAN ARE MAINTAINED IN THE ACCOUNTS. FOR CHILDREN'S RADIOLOGICAL INSTITUTE, INC., CONTRIBUTIONS ARE STILL BEING MAINTAINED, BUT THERE WAS A PLAN DESIGN CHANGE ALLOWING ANNUAL CONTRIBUTIONS TO BE VESTED AFTER 5 YEARS.

Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization

A PORTION OF NATIONWIDE CHILDREN'S HOSPITAL'S MANAGEMENT'S COMPENSATION CONTAINS A VARIABLE PIECE THAT IS BASED ON THE HOSPITAL'S INCENTIVE PROGRAM. THIS VARIABLE COMPENSATION IS BASED IN PART ON THE FINANCIAL PERFORMANCE OF THE ORGANIZATION, RELATIVE TO BUDGETED FINANCIAL PERFORMANCE. THE INCENTIVE PROGRAM ALSO INCLUDES PERFORMANCE MEASURES RELATED TO QUALITY OF CARE AND PATIENT SATISFACTION.

Disregarded entities

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

• CHILDREN'S COMMUNITY PRACTICES LLC

  PHYSICIAN SVC · OH · income $10,536,529 · assets $2,618,800

  Directly controlled by NCH

• NEAR EAST SIDE HOLDINGS LLC

  REAL ESTATE · OH · income $0 · assets $3,285,911

  Directly controlled by NCH

• PEDIATRIC ROTOR WING LLC

  AIR TRANSPORT · OH · income $3,261,088 · assets $3,673,801

  Directly controlled by NCH

• CHILDREN'S PHYSICAL MED & REHAB PHYS LLC

  PHYSICIAN SVC · OH · income $2,264,755 · assets $0

  Directly controlled by NCH

• CHILDREN'S PSYCHIATRISTS LLC

  PHYSICIAN SVC · OH · income $7,488,473 · assets $0

  Directly controlled by NCH

• SOUTH OF MAIN INVESTMENTS LLC

  REAL ESTATE · OH · income $0 · assets $1,740

  Directly controlled by NCH

• CHILDREN'S NEWBORN MEDICINE LLC

  PHYSICIAN SERVICES · OH · income $11,867,592 · assets $14,060,786

  Directly controlled by NCH

• NORTHWEST PEDIATRIC SPECIALISTS LLC

  PHYSICIAN SERVICES · OH · income $22,835,726 · assets $19,946,805

  Directly controlled by NCH

• NORTHWEST CHILDREN'S COMMUNITY PRACTICES II LLC

  PHYSICIAN SERVICES · OH · income $4,035,346 · assets $1,634,115

  Directly controlled by NCH

• NATIONWIDE CHILDREN'S HOSPITAL TOLEDO LLC

  PHYSICIAN SERVICES · OH · income $66,638,809 · assets $117,542,061

  Directly controlled by NCH

Related corporations and trusts

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

• COLLIERS PROFESSIONAL LIABILITY CORP

  C Corporation · INS CONTRACTING · CJ · 100% owned · share of income $0 · share of assets $12,393,262 · controlled entity

  Directly controlled by NCH

• NE CLOSE TO HOME CENTER CONDO ASSOCIATION

  C Corporation · CONDO ASSOCIATION · OH · 90.75% owned · share of income $46,040 · share of assets $403 · controlled entity

  Directly controlled by NCH

• CHILDREN'S NW MOB CONDO ASSOCIATION

  C Corporation · CONDO ASSOCIATION · OH · 74.4% owned · share of income $41,241 · share of assets $626 · controlled entity

  Directly controlled by NCH

• ANDELYN BIOSCIENCES INC

  C Corporation · GENE THERAPY · OH · 67.14% owned · share of income $17,138,935 · share of assets $139,787,442 · controlled entity

  Directly controlled by NCH

• PEDIATRIC ACADEMIC ASSOCIATION INC TRUST

  Trust · TRUST · OH · 51% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by NCH

• NCH REALTY INC

  C Corporation · REALTY · OH · 100% owned · share of income $0 · share of assets $284,100 · controlled entity

  Directly controlled by NCH