Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $62,775,022

• 1e · Government grants (contributions)

  $45,309,705

• 1f · All other contributions, gifts and grants

  $20,977,135

• 2a · Program service revenue: NET PATIENT SERVICE RE

  total $1,714,075,319 · related or exempt $1,714,075,319

• 2b · Program service revenue: MEDICAL SERVICES REIMB

  total $4,033,741 · related or exempt $4,033,741

• 2c · Program service revenue: MEDICAL OFFICE BLDGS

  total $3,910,322 · related or exempt $3,910,322

• 2d · Program service revenue: OUTPATIENT PHARM SALES

  total $2,818,901 · related or exempt $2,818,901

• 2f · All other program service revenue

  total $3,571,740 · related or exempt $3,571,740

• 3 · Investment income

  total $34,664,017 · excluded $34,664,017

• 6a · Gross rents

  real property $1,281,645

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,281,645

• 6d · Net rental income or loss

  total $1,281,645 · excluded $1,281,645

• 7a · Gross sales of assets other than inventory

  securities $725,278,358

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

  securities $702,878,715

• 7c · Gain or loss

  securities $22,399,643

• 7d · Net gain or loss

  total $22,399,643 · excluded $22,399,643

• 11a · Other revenue: TPA SERVICES

  total $7,046,932 · excluded $7,046,932

• 11b · Other revenue: FOOD SERVICE REVENUE

  total $2,472,355 · excluded $2,472,355

• 11c · Other revenue: PARKING

  total $2,242,272 · excluded $2,242,272

• 11d · All other revenue

  total $5,554,811 · unrelated business $2,174,566 · excluded $3,380,245

• 11e · Other revenue, total

  $17,316,370

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $8,833,623 · program services $8,833,623

• 3 · Grants to foreign organizations and individuals

  total $368,300 · program services $368,300

• 5 · Compensation of officers, directors and key employees

  total $11,546,001 · program services $2,169,823 · management and general $8,851,849 · fundraising $524,329

• 7 · Other salaries and wages

  total $467,434,452 · program services $335,453,235 · management and general $131,981,217

• 8 · Pension plan contributions

  total $23,472,498 · program services $16,739,116 · management and general $6,733,382

• 9 · Other employee benefits

  total $40,022,711 · program services $28,541,692 · management and general $11,481,019

• 10 · Payroll taxes

  total $36,041,983 · program services $25,702,886 · management and general $10,339,097

• 11a · Fees: management

  total $9,018,146 · program services $1,881,638 · management and general $7,136,508

• 11b · Fees: legal

  total $3,074,306 · program services $1,118 · management and general $3,073,188

• 11c · Fees: accounting

  total $847,656 · management and general $847,656

• 11d · Fees: lobbying

  total $191,432 · management and general $191,432

• 11f · Fees: investment management

  total $3,276,122 · management and general $3,276,122

• 11g · Fees: other

  total $496,696,189 · program services $479,406,870 · management and general $17,289,319

• 12 · Advertising and promotion

  total $4,201,858 · program services $683,221 · management and general $3,518,637

• 13 · Office expenses

  total $2,644,135 · program services $1,227,475 · management and general $1,416,660

• 14 · Information technology

  total $20,109,447 · program services $2,600,016 · management and general $17,509,431

• 16 · Occupancy

  total $17,441,201 · program services $13,952,961 · management and general $3,488,240

• 17 · Travel

  total $1,193,192 · program services $718,954 · management and general $474,238

• 19 · Conferences, conventions and meetings

  total $1,249,949 · program services $882,260 · management and general $367,689

• 20 · Interest

  total $15,724,956 · program services $12,579,965 · management and general $3,144,991

• 22 · Depreciation, depletion and amortization

  total $45,781,543 · program services $29,758,003 · management and general $16,023,540

• 23 · Insurance

  total $13,100,083 · program services $5,310 · management and general $13,094,773

• 24a · Other expenses: MEDICAL SUPPLIES

  total $128,619,734 · program services $128,619,734

• 24b · Other expenses: TAXES AND LICENSES

  total $117,008,105 · program services $115,409,488 · management and general $1,598,617

• 24c · Other expenses: REPAIRS

  total $11,611,274 · program services $2,259,379 · management and general $9,351,895

• 24d · Other expenses: FOOD SUPPLIES

  total $3,084,900 · program services $2,313,675 · management and general $771,225

• 24e · All other expenses

  total $34,189,499 · program services $32,156,887 · management and general $2,032,612

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $41,171,236 · end of year $32,234,123

• 4 · Accounts receivable

  beginning of year $217,790,786 · end of year $445,975,921

• 5 · Loans and receivables from officers and key people

  beginning of year $191,715 · end of year $169,738

• 7 · Other notes and loans receivable

  beginning of year $73,688 · end of year $54,016

• 8 · Inventories for sale or use

  beginning of year $11,672,488 · end of year $12,539,781

• 9 · Prepaid expenses and deferred charges

  beginning of year $35,164,900 · end of year $25,632,579

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

  $1,192,205,577

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

  $630,790,301

• 10c · Land, buildings and equipment, net

  beginning of year $500,071,477 · end of year $561,415,276

• 11 · Investments: publicly traded securities

  beginning of year $2,072,609,390 · end of year $2,142,178,987

• 12 · Investments: other securities

  beginning of year $282,615,267 · end of year $326,027,389

• 14 · Intangible assets

  beginning of year $503,000 · end of year $433,000

• 15 · Other assets

  beginning of year $78,887,456 · end of year $98,140,550

• 17 · Accounts payable and accrued expenses

  beginning of year $261,229,999 · end of year $302,050,674

• 19 · Deferred revenue

  beginning of year $206,950,557 · end of year $50,535,484

• 20 · Tax-exempt bond liabilities

  beginning of year $256,409,183 · end of year $250,460,230

• 25 · Other liabilities

  beginning of year $387,360,386 · end of year $380,896,250

• 27 · Net assets without donor restrictions

  beginning of year $1,903,809,742 · end of year $2,419,760,413

• 28 · Net assets with donor restrictions

  beginning of year $224,991,536 · end of year $241,098,309

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION PROVIDED A DISCRETIONARY SPENDING ACCOUNT TO SEVEN OFFICERS AND KEY EMPLOYEES LISTED ON FORM 990 PART VII. THE AMOUNT PROVIDED WAS INCLUDED IN EACH INDIVIDUAL'S TAXABLE COMPENSATION.

PART I, LINE 4B

RADY CHILDREN'S HOSPITAL - SAN DIEGO 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. ONCE VESTED 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 2022: DR. GAIL KNIGHT ($105,788), DR. NICHOLAS HOLMES ($108,979), DR. PATRICK FRIAS ($172,355), JAMES J. ULI, JR. ($33,909), AND MR. STEPHEN JENNINGS ($84,524), ALBERT ORIOL ($49,635), ANGELA VIEIRA ($51,137), CHARLES DAVIS ($98,960), CHRIS ABE ($136,104), CHRISTINA GALBO ($6,846), MARY FAGAN ($41,117), MEREDITH LURIE ($15,455), NISHANTHA RATNAYAKE ($34,844), SCOTT CAMPBELL ($43,954), JILL STRICKLAND ($19,268), KERI CARSTAIRS ($4,662), RICHARD PINEDA ($1,448), AND RONALD D'ULISSE ($2,938).

Related corporations and trusts

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

• CHILDREN'S HOSPITAL INTEGRATED RISK PROTECTION

  C · CAPTIVE INSURANCE · BD

  Directly controlled by RCHHC

• RADY CHILDREN'S PHYSICIAN MANAGEMENT SER

  C · MGMT - PHYS OFF · CA

  Directly controlled by RCHHC

• CHILDREN'S HOSPITAL INSURANCE LTD

  C · CAPTIVE INSURANCE · BD

  Directly controlled by RCHHC