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Nonprofiteer
← LE BONHEUR CHILDRENS HOSPITAL FOUNDATION

Form 990 for tax year 2024

Filed by LE BONHEUR CHILDRENS HOSPITAL FOUNDATION.

Totals

Total revenue
$31,378,831
Total expenses
$12,405,090
Contributions and grants received
$26,991,609
Grants paid
$7,719,911
Program service revenue
$0
Investment income
$4,685,380
Other revenue
-$298,158
Total assets, end of year
$143,033,976
Total liabilities, end of year
$13,144,664
Net assets or fund balances, end of year
$129,889,312
Program services expenses (Part IX)
$10,332,232
Management and general expenses
$1,219,568
Fundraising expenses
$853,290
Program service expenses (Part III)
$10,332,232

Program services were 83.3% 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.

  • 1c · Fundraising events

    $2,288,820

  • 1f · All other contributions, gifts and grants

    $24,702,789

  • 1g · Noncash contributions included above

    $3,479,200

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $4,685,380 · excluded $4,685,380

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $620,939

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

    $2,288,820

  • 8b · Fundraising events: direct expenses

    $919,097

  • 8c · Net income from fundraising events

    total -$298,158 · excluded -$298,158

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,719,911 · program services $7,719,911

  • 7 · Other salaries and wages

    total $2,721,295 · program services $1,957,687 · management and general $118,299 · fundraising $645,309

  • 8 · Pension plan contributions

    total $5,166 · program services $8,491 · fundraising -$3,325

  • 9 · Other employee benefits

    total $560,173 · program services $399,664 · management and general $41,636 · fundraising $118,873

  • 10 · Payroll taxes

    total $112,603 · program services $59,214 · management and general $7,444 · fundraising $45,945

  • 11c · Fees: accounting

    total $7,803 · management and general $7,803

  • 11g · Fees: other

    total $206,881 · program services $161,865 · management and general $41,793 · fundraising $3,223

  • 13 · Office expenses

    total $117,841 · program services $12,093 · management and general $97,025 · fundraising $8,723

  • 14 · Information technology

    total $17,824 · program services $11,177 · management and general $4,877 · fundraising $1,770

  • 17 · Travel

    total -$1,882 · program services -$10,035 · management and general $3,965 · fundraising $4,188

  • 19 · Conferences, conventions and meetings

    total $87,071 · program services $12,165 · management and general $63,317 · fundraising $11,589

  • 22 · Depreciation, depletion and amortization

    total $448 · management and general $448

  • 23 · Insurance

    total $8,447 · fundraising $8,447

  • 24a · Other expenses: Miscellaneous Expenses

    total $841,509 · management and general $832,961 · fundraising $8,548

  • 24e · All other expenses

    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 $133,940 · end of year $55,934,935

  • 3 · Pledges and grants receivable

    beginning of year $4,146,701 · end of year $2,161,633

  • 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

  • 9 · Prepaid expenses and deferred charges

    end of year $281,602

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

    $9,028

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

    $7,436

  • 10c · Land, buildings and equipment, net

    beginning of year $2,040 · end of year $1,592

  • 11 · Investments: publicly traded securities

    beginning of year $72,832,810 · end of year $34,965,393

  • 12 · Investments: other securities

    beginning of year $35,798,736 · end of year $21,924,975

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $717,492 · end of year $27,763,846

  • 17 · Accounts payable and accrued expenses

    beginning of year $326,060 · end of year $107,254

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $13,037,410

  • 27 · Net assets without donor restrictions

    beginning of year $22,850,027 · end of year $27,213,135

  • 28 · Net assets with donor restrictions

    beginning of year $90,455,632 · end of year $102,676,177

Mission and programs · 2024

Mission

IN PARTNERSHIP WITH DONORS AND VOLUNTEERS, LE BONHEUR CHILDREN'S HOSPITAL FOUNDATION PROMOTES PHILANTHROPIC INVESTMENT TO SUPPORT LE BONHEUR CHILDREN'S HOSPITAL'S MISSION OF PROVIDING HIGH QUALITYPATIENT CARE, RESEARCH AND ADVOCACY.

Activities or mission (Part I)

SUPPORT OF LE BONHEUR CHILDREN'S HOSPITAL, A DIVISION OF METHODIST HEALTHCARE-MEMPHIS HOSPITALS.

  • THE LE BONHEUR CHILDREN'S HOSPITAL FOUNDATION IS COMMITTED TO IMPROVING THE HEALTH AND WELL-BEING OF CHILDREN IN OUR COMMUNITY BY RAISING FUNDS TO ASSIST LE BONHEUR CHILDREN'S HOSPITAL IN PREVENTING AND ELIMINATING PEDIATRIC ILLNESS AND INJURY. Methodist Le Bonheur Healthcare (MLH) has served the Memphis and Mid-South region for more than 100 years. MLH has received regional and national recognition for the care it provides. Le Bonheur Children's Hospital is the region's only comprehensive pediatric hospital. Important facts about Le Bonheur Children's Hospital: -Le Bonheur is one of six campuses of Methodist Le Bonheur Healthcare Memphis hospitals, a not-for-profit hospital corporation headquartered in Memphis, Tenn. -Le Bonheur is a regional pediatric academic medical center with 311 beds, 45 pediatric sub-specialties, 750 medical staff members and more than 3,400 employees. -Each year Le Bonheur treats more than 500,000 children with our inpatient, outpatient and community outreach services. Most patients come from our 6-state referral area and we typically serve children from all 50 states and many countries. -Le Bonheur serves as the educational training center for medical students, residents and fellows for the University of Tennessee Health Science Center. -The care Le Bonheur provides extends well into the region and beyond. Le Bonheur has sub-specialty outpatient clinics in Jackson, Tenn.; Jonesboro, Ark.; and Tupelo, Miss. -Le Bonheur is a magnet designated facility by the American Nurses Credentialing Center and designated as a Level 1 pediatric trauma center, the only such facility in the region, by the American College of Surgeons. -Named as one of the nation's "Best Children's Hospitals" by U.S. News & World Report for 15 consecutive years, Le Bonheur has a unique mission that goes beyond acute care for sick and injured children and includes pediatric research, clinical education, advocacy and preventive care. Together, we work to solve children's health issues and eliminate disparities in health care access. -Le Bonheur is home to the region's only level IV Neonatal Intensive Care Unit, the highest level of care, and treats children from across the Mid-South in the 74 bed unit. - Le Bonheur has a significant partnership with St. Jude Children's Research Hospital. Le Bonheur physicians across a wide range of specialties provide inpatient consultation at St. Jude to care for children undergoing cancer treatment. -Le Bonheur partners with the University of Memphis to extend our research and teaching capabilities as well as community programming. - Our physicians, nurses and other clinicians live in the communities that they serve and provide expert care inside the hospitals and preventative care services in their neighborhoods. Our organization is committed to improving the health and well-being of the communities we serve, providing uncompensated care, charitable contributions to other community organizations and community outreach. Le Bonheur Children's Hospital Foundation exists solely to support the important work and mission of Le Bonheur Children's Hospital. 1. The focus of our fundraising is the endowment for the future of Le Bonheur. We are currently in a campaign to raise $100 million for the hospital's endowment to ensure Le Bonheur is always there for future generations of children. The endowment campaign has five major focus areas: Care for All Children, Neuroscience, Research, Cardiology and Education. Having reached more than $70 million in the endowment, we have begun to use the interest to support various clinical needs. In 2024, we continued our competitive small grants program to fund projects that will improve and promote quality and safety for our patients and associates. In all, 10 Projects were funded to be executed in 2025. In addition, the endowment has been instrumental in funding capital and program needs to improve care and better serve our patients. 2. Pediatric research is critical in support of our core goals of contributing to the prevention, treatment and elimination of children's disease. Founded in 1995, the Children's Foundation Research Institute (CFRI) is a unique collaboration between the Children's Foundation of Memphis, the University of Tennessee Health Science Center (UTHSC), and Le Bonheur Children's Hospital. The central mission of the CFRI is to facilitate innovative research that improves the lives and health of children. The CFRI provides comprehensive basic and clinical research infrastructure support, laboratory space, safety assistance, grant submission, budgeting services, scientific editing and writing, and statistical assistance. This centralized and coordinated support accelerates discovery and innovation and forges collaboration among our physicians and scientists, allowing them to concentrate on what they do best - developing innovative research aimed at improving the health of children. 3. Le Bonheur Foundation also works with a committee of FedEx employees and others to raise funds to support FedExFamilyHouse, which houses out-of-town families whose children are being treated at Le Bonheur. Many families have an extended stay and the house serves as a comfortable respite at a most stressful time for families living 50 miles or more from our campus. Each year, the Le Bonheur Foundation and the committee raise an average of $2 million to operate FedExFamilyHouse. In 2024, FedExFamilyHouse served 29,416 people. 4. In addition to nationally renowned clinical expertise, Le Bonheur believes we have a responsibility to partner with our community to promote and protect children's health and well-being. Le Bonheur Children's Hospital is committed to providing evidence-based services for children and families and to working with community partners to improve health and best practices. More than 250 staff members work with children in their environments including schools, community centers, clinics, childcare facilities and homes. Our programs focus on risk reduction for children and adolescents, child development and effective parenting, injury prevention and promoting the health and well-being of children. Funding for these important community programs is provided through grants and Le Bonheur Foundation's fundraising efforts. Examples of this work include programs that offer free or discounted prescription drugs, in-home services, in-home equipment, transportation vouchers, childbirth classes and a variety of health fairs all aimed at keeping our communities healthy. The Le Bonheur Foundation is committed to supporting the Le Bonheur Children's Hospitals mission of taking care of all children who need us.

    Expenses $10,332,232 · Grants $7,719,911

  • LCHF IS A SUBSCRIBING MEMBER OF CHILDREN'S MIRACLE NETWORK HOSPITALS. LOCAL FUNDS RAISED THROUGH SPONSORS OF THIS ORGANIZATION SUPPORT SOME OF THE HOSPITAL'S GREATEST NEEDS. THE EXPOSURE RECEIVED THROUGH PARTNERSHIPS WITH MORE THAN 400 RETAIL CMN REGIONAL LOCATIONS ALLOWS LE BONHEUR TO HAVE A GREATER PRESENCE THROUGHOUT THE REGION. THIS PRESENCE GIVES OPPORTUNITY FOR GREATER EXPOSURE OF PROGRAMS AVAILABLE AT LE BONHEUR.

As filed on the 2024 return.

Listed in Part VII

  • Brandon Edgerson

    VP/COO

    Total calculated
    $384,669
    From this org
    $0
    From related orgs
    $321,425
    Other
    $63,244
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $271,279 related
    Bonus
    $0 + $27,874 related
    Other
    $0 + $22,272 related
    Deferred
    $0 + $52,607 related
    Nontaxable benefits
    $0 + $10,637 related
    Filer's total
    $0 + $384,669 related

  • Jennilyn Utkov

    Executive Director

    Total calculated
    $293,678
    From this org
    $0
    From related orgs
    $242,133
    Other
    $51,545
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,319 related
    Bonus
    $0 + $20,800 related
    Other
    $0 + $63,014 related
    Deferred
    $0 + $40,493 related
    Nontaxable benefits
    $0 + $11,052 related
    Filer's total
    $0 + $293,678 related

  • Kevin Todd

    Treasurer

    Total calculated
    $487,522
    From this org
    $0
    From related orgs
    $391,667
    Other
    $95,855
    Hours/week
    2 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,881 related
    Bonus
    $0 + $43,837 related
    Other
    $0 + $37,949 related
    Deferred
    $0 + $67,852 related
    Nontaxable benefits
    $0 + $28,003 related
    Filer's total
    $0 + $487,522 related

  • Maureen O'Connor

    PRESIDENT

    Total calculated
    $339,558
    From this org
    $0
    From related orgs
    $282,499
    Other
    $57,059
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $220,622 related
    Bonus
    $0 + $34,981 related
    Other
    $0 + $26,896 related
    Deferred
    $0 + $41,814 related
    Nontaxable benefits
    $0 + $15,245 related
    Filer's total
    $0 + $339,558 related

  • Monica Wharton

    SECRETARY

    Total calculated
    $1,312,684
    From this org
    $0
    From related orgs
    $1,094,838
    Other
    $217,846
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $834,984 related
    Bonus
    $0 + $166,500 related
    Other
    $0 + $93,354 related
    Deferred
    $0 + $185,390 related
    Nontaxable benefits
    $0 + $32,456 related
    Filer's total
    $0 + $1,312,684 related

  • James Trey Eubanks

    Interim Pres/Surg Chief LCH

    Total calculated
    $921,005
    From this org
    $0
    From related orgs
    $763,187
    Other
    $157,818
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $624,506 related
    Bonus
    $0 + $130,000 related
    Other
    $0 + $8,681 related
    Deferred
    $0 + $127,647 related
    Nontaxable benefits
    $0 + $30,171 related
    Filer's total
    $0 + $921,005 related

  • Jerald Gaines

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Michele Ehrhart

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • September Eason

    Board Director

    Total calculated
    $18,268
    From this org
    $0
    From related orgs
    $12,753
    Other
    $5,515
    Hours/week
    2

  • Sirella Joyner

    Board Director

    Total calculated
    $0
    Hours/week
    2

  • Billie Wood

    Director - Finance/ Research Lab Operations

    Total calculated
    $148,322
    From this org
    $109,320
    From related orgs
    $0
    Other
    $39,002
    Hours/week
    40

  • Kerry Moore

    Director - Clinical Research

    Total calculated
    $159,761
    From this org
    $117,443
    From related orgs
    $0
    Other
    $42,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,429
    Bonus
    $5,014
    Other
    $0
    Deferred
    $15,458
    Nontaxable benefits
    $26,860
    Filer's total
    $159,761

  • Lindsey Sater

    Director - Development Foundation

    Total calculated
    $131,187
    From this org
    $114,823
    From related orgs
    $0
    Other
    $16,364
    Hours/week
    40

  • Lisa Ellis

    Director - Development Foundation

    Total calculated
    $135,441
    From this org
    $113,769
    From related orgs
    $0
    Other
    $21,672
    Hours/week
    40

  • Michelle Rogers

    Development Foundation/Dir

    Total calculated
    $144,744
    From this org
    $86,322
    From related orgs
    $0
    Other
    $58,422
    Hours/week
    40

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 BOARD OF METHODIST LE BONHEUR HEALTHCARE, A RELATED ORGANIZATION AND CORPORATE OVERSIGHT ENTITY, CONDUCTS THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR ITS OFFICERS AND KEY EMPLOYEES: - COMPENSATION COMMITTEE - COMPENSATION STUDY / SURVEY - INDEPENDENT COMPENSATION CONSULTANT - APPROVAL BY THE BOARD / COMPENSATION COMMITTEE
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE PURPOSE OF THE METHODIST LE BONHEUR HEALTHCARE CONSOLIDATED EXECUTIVE DEFERRED COMPENSATION PLAN IS TO PROVIDE RETIREMENT BENEFITS FOR CERTAIN EXECUTIVE LEVEL EMPLOYEES IN ADDITION TO THE BENEFITS PROVIDED THROUGH THE OTHER RETIREMENT PLANS THAT ARE SPONSORED BY THE COMPANY. IT IS INTENDED THAT THIS PLAN COMPLY WITH INTERNAL REVENUE CODE SECTION 457(F) AND QUALIFY FOR THE SHORT-TERM DEFERRAL EXCEPTION TO CODE SECTION 409A. UNDER THE PLAN, CORPORATE EXECUTIVES AT OR ABOVE THE VICE PRESIDENT LEVEL ARE ELIGIBLE TO RECEIVE EXECUTIVE DEFERRED COMPENSATION CREDITS DEPENDING ON THEIR POSITION CLASSIFICATION [6%, 8%, 10%, 12%, 15%, 25% OF BASE SALARY]. EACH PLAN YEAR, THE EXECUTIVE MUST ELECT A DEFERRED VESTING DATE TO BE APPLIED TO THE DEFERRED COMPENSATION CREDIT THAT WILL BE EARNED IN THAT PLAN YEAR. THE DEFERRED VESTING DATE IS SUBJECT TO A VESTING SCHEDULE THAT REQUIRES A MINIMUM DEFERRAL OF 5 YEARS TO BECOME VESTED. UPON REACHING AGE 55, THE MINIMUM DEFERRAL IS REDUCED TO 3 YRS. UPON REACHING AGE 60, THE MINIMUM DEFERRAL IS REDUCED TO 2 YRS. AT AGE 64, A CASH EQUIVALENT IS PROVIDED TO THE EXECUTIVE AND NO ADDITIONAL DEFERRALS ARE MADE UNDER THIS PLAN. RESTORATION BENEFIT PARTICIPANTS THAT WERE NEGATIVELY IMPACTED BY FREEZING THE RESTORATION PLAN WERE PROVIDED WITH AN ADDITIONAL ANNUAL EDCP CONTRIBUTION UNTIL AGE 65 DESIGNED TO KEEP THEM WHOLE. THE PLAN IS UNFUNDED WITH ALL BENEFITS PAID FROM THE COMPANY'S GENERAL ASSETS. HOWEVER, THE EXECUTIVE IS ALLOWED TO DIRECT THE INVESTMENTS OF HIS OR HER DEFERRED COMPENSATION CREDIT IN A MENU OF INVESTMENT ALTERNATIVES MADE AVAILABLE BY THE COMPANY. UPON VESTING, A DISTRIBUTION IS PROVIDED LESS APPLICABLE TAX. IN THE CASE OF A VOLUNTARY TERMINATION OF EMPLOYMENT BY THE EXECUTIVE OR INVOLUNTARY TERMINATION OF EMPLOYMENT FOR CAUSE BY THE COMPANY, THE NON-VESTED FUNDS ARE FORFEITED. ACCELERATED VESTING (100%) IS ALLOWED UPON DEATH, DISABILITY OR AN INVOLUNTARY TERMINATION BY THE COMPANY WITHOUT CAUSE. ALLOCATIONS TO THE PLAN FOR THE YEAR INCLUDE THE FOLLOWING: $26,195 - KEVIN TODD $150,282 - MONICA WHARTON $17,536 - Brandon Edgerson IN ADDITION, THE FOLLOWING INDIVIDUALS RECEIVED 457(F) PAYOUTS. THIS AMOUNT REPRESENTS THE FULLY VESTED PORTION PURSUANT TO THE 457(F) PLAN. THIS AMOUNT WAS REFLECTED IN COLUMN (C), ON THE PRIOR YEARS FORM 990 AS REQUIRED. PAYOUTS FROM THE PLAN FOR THE YEAR INCLUDE THE FOLLOWING: $34,332 - KEVIN TODD $15,089 - MAUREEN O'CONNOR $53,303 - JENNILYN UTKOV $87,036 - Monica Wharton $18,697 - Brandon Edgerson IN ADDITION, SEVERAL EXECUTIVES RECEIVED AN EXECUTIVE RETIREMENT LUMP SUM PAYOUT. THIS AMOUNT REPRESENTS THE FULLY VESTED PORTION PURSUANT TO THE 457(F) PLAN. THIS AMOUNT WAS REFLECTED IN COLUMN (C) ON THE PRIOR YEAR'S FORM 990 AS REQUIRED. PAYOUTS FROM THE EXECUTIVE RETIREMENT PLAN FOR THE YEAR INCLUDE THE FOLLOWING: No Payment made during tax year.

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

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 partnerships

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

  • METHODIST SURGERY CENTERGERMANTOWN LP

    N/A · SURGERY CENTER · TN

    Directly controlled by NA

  • HAMILTON EYE INSTITUTE SURGERY CENTER LP

    N/A · SURGERY CENTER · TN

    Directly controlled by NA

  • LE BONHEUR EAST SURGERY CENTER II LP

    N/A · SURGERY CENTER · TN

    Directly controlled by NA

Related corporations and trusts

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

  • AMBULATORY OPERATIONS INC

    C Corporation · MEDICAL SERVICES · TN

    Directly controlled by NA

  • SOLUS MANAGEMENT SERVICES INC

    C Corporation · HEALTH SERVICES MANAGEMENT · TN

    Directly controlled by NA

  • MEMPHIS PROFESSIONAL BUILDING INC

    C Corporation · INVESTMENTS · TN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.1
Source object
202502889349302715

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