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Nonprofiteer
← CHILDRENS MEDICAL CENTER FOUNDATION

Form 990 for tax year 2024

Filed by CHILDRENS MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$339,044,710
Total expenses
$121,966,761
Contributions and grants received
$141,808,964
Grants paid
$99,276,914
Program service revenue
$0
Investment income
$196,407,983
Other revenue
$827,763
Total assets, end of year
$2,518,320,648
Total liabilities, end of year
$52,977,935
Net assets or fund balances, end of year
$2,465,342,713
Program services expenses (Part IX)
$99,276,914
Management and general expenses
$2,649,634
Fundraising expenses
$20,040,213
Program service expenses (Part III)
$99,276,914

Program services were 81.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Amy Korenvaes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christopher J Durovich

    Voting Ex Officio

    Total calculated
    $4,345,262
    From this org
    $0
    From related orgs
    $4,271,409
    Other
    $73,853
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,957,214 related
    Bonus
    $0 + $2,220,440 related
    Other
    $0 + $93,755 related
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $50,853 related
    Filer's total
    $0 + $4,345,262 related

  • Cole Evans

    Director

    Total calculated
    $0
    Hours/week
    1

  • Connie O'Neill

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dora Zapata

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Eagle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Katy Miller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kristin Mitchell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Guerrero

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mandy Austin

    Director (Effective 1/1/24)

    Total calculated
    $0
    Hours/week
    1

  • Mike Pickens

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Egelston Caso

    Chairman, Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven M Gruber

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Amy Yeager

    Chief Legal Officer and Secretary

    Total calculated
    $1,995,780
    From this org
    $0
    From related orgs
    $1,737,590
    Other
    $258,190
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $576,430 related
    Bonus
    $0 + $870,420 related
    Other
    $0 + $290,740 related
    Deferred
    $0 + $206,410 related
    Nontaxable benefits
    $0 + $51,780 related
    Filer's total
    $0 + $1,995,780 related

  • Brent E Christopher

    President

    Total calculated
    $2,676,062
    From this org
    $0
    From related orgs
    $2,385,968
    Other
    $290,094
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $725,429 related
    Bonus
    $0 + $1,420,000 related
    Other
    $0 + $240,539 related
    Deferred
    $0 + $252,274 related
    Nontaxable benefits
    $0 + $37,820 related
    Filer's total
    $0 + $2,676,062 related

  • Robert S Fries

    CFO & Treasurer

    Total calculated
    $1,979,819
    From this org
    $0
    From related orgs
    $1,667,936
    Other
    $311,883
    Hours/week
    1 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $744,848 related
    Bonus
    $0 + $791,000 related
    Other
    $0 + $132,088 related
    Deferred
    $0 + $260,688 related
    Nontaxable benefits
    $0 + $51,195 related
    Filer's total
    $0 + $1,979,819 related

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
CHILDREN'S HEALTH SYSTEM OF TEXAS IS THE SOLE MEMBER FOR CHILDREN'S MEDICAL CENTER FOUNDATION (CMCF). CERTAIN INDIVIDUALS IDENTIFIED HEREIN AS DIRECTOR OR OFFICERS OF CHILDREN'S MEDICAL CENTER FOUNDATION (CMCF) ARE EMPLOYED AND COMPENSATED BY A RELATED ORGANIZATION, CHILDREN'S HEALTH SYSTEM OF TEXAS (CHST). THE INDIVIDUAL PERFORMS SERVICES FOR CMCF, AND IN SOME CASES OTHER RELATED ORGANIZATIONS, BY ARRANGEMENT BETWEEN CHST AND SUCH ORGANIZATION(S). THEREFORE, COMPENSATION DECISIONS FOR THE OFFICER WERE DETERMINED BY THE RELATED ORGANIZATION FOLLOWING CHST COMPENSATION'S POLICY. IN THEIR DUTIES AS OFFICER OF CMCF, THEY HAVE NO INFLUENCE OVER THE COMPENSATION PROCESS PERFORMED BY CHST. THE CHST PROCESS FOR DETERMINING EXECUTIVE COMPENSATION IS AS FOLLOWS: THE HUMAN RESOURCES COMMITTEE (COMMITTEE) OF THE CHST BOARD IS RESPONSIBLE FOR SETTING THE COMPENSATION FOR EXECUTIVES. THE COMMITTEE IS COMPRISED OF INDEPENDENT, NONEMPLOYEE DIRECTORS. A WRITTEN COMPENSATION PHILOSOPHY HAS BEEN DEVELOPED BY THE HUMAN RESOURCES COMMITTEE FOR TIMELINESS AND APPROPRIATENESS AND DEFINES THE DESIRED PEER GROUPS FOR COMPENSATION SURVEYS. THE HR COMMITTEE ENGAGES THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT FOR EXECUTIVE COMPENSATION. COMPENSATION PROGRAM COMPONENTS: THE ELEMENTS OF TOTAL COMPENSATION PROVIDED TO CHST EXECUTIVES INCLUDE: - CASH COMPENSATION (I.E., BASE SALARY, SHORT-TERM AND LONG-TERM INCENTIVE COMPENSATION, AND/OR OTHER CASH COMPENSATION), DETERMINED IN CONSIDERATION OF COMPETITIVE MARKET PRACTICES, ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE, RECRUITMENT AND RETENTION CONSIDERATIONS, AND OTHER RELEVANT FACTORS. - STANDARD BENEFITS, ASSISTING IN EACH EXECUTIVE'S MEDICAL, DENTAL, DISABILITY, LIFE INSURANCE, TIME OFF, AND RETIREMENT NEEDS, REFLECTIVE OF THE EMPLOYMENT STATUS (I.E., FULL OR PART TIME) OF THE EXECUTIVE. - SUPPLEMENTAL BENEFITS, INCLUDING SUPPLEMENTAL INSURANCE, RETIREMENT BENEFITS, AND/OR OTHER SUPPLEMENTAL BENEFITS DETERMINED BY THE COMMITTEE TO BE APPROPRIATE AND REASONABLE IN RELATION TO MARKETPLACE PRACTICES. COMPENSATION AND BENEFITS DECISIONS ARE MADE IN CONSIDERATION OF EACH EXECUTIVE'S POSITION, RESPONSIBILITIES, SKILLS, EFFORT, AND PERFORMANCE, IN RELATION TO DOCUMENTED PRACTICES WITHIN THE APPROPRIATE COMPARATOR GROUP(S). PEER GROUP: THE COMMITTEE HAS DEFINED ITS PRIMARY PEER GROUP FOR EXECUTIVES AS NOT-FOR-PROFIT HEALTH CARE ORGANIZATIONS SIMILAR IN SIZE, STRUCTURE, AND COMPLEXITY. THIS GROUP WILL INCLUDE LEADING PEDIATRIC HEALTH SYSTEMS AS WELL AS INTEGRATED HEALTH SYSTEMS AND ACADEMIC MEDICAL CENTERS. - DATA WILL BE COMPILED IN A MANNER CONSISTENT WITH THE IRS INTERMEDIATE SANCTIONS RULES OF FEDERAL TAX LAW, TO REFLECT WHAT IS DINARILY PAID TO LIKE EXECUTIVES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES." - IN CERTAIN CIRCUMSTANCES, MARKET DATA FROM ADDITIONAL COMPARATOR GROUPS (E.G., RESEARCH INSTITUTIONS, INSURANCE INDUSTRY, AND GENERAL INDUSTRY COMPANIES) MAY ALSO BE REFERENCED. - THE SPECIFIC NATURE OF THE ROLE AT CHST WILL BE CONSIDERED WHEN ADDING COMPARATOR GROUPS OUTSIDE OF THE PRIMARY PEER GROUP, AND THE COMMITTEE WILL DISCUSS AND AGREE ON THE APPROPRIATENESS OF ADDING COMPARATOR GROUPS WHENEVER THE SPECIFIC NATURE OF THE CHST ROLE REQUIRES ADDITIONAL COMPARATOR GROUPS TO BE USED.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
EXECUTIVE DEFINED CONTRIBUTION RETIREMENT PLAN (EDCRP): EMPLOYEES WHO RECEIVED TAXABLE INCOME FROM THE EDCRP INCLUDE: BRENT CHRISTOPHER - $194,059 ROBERT FRIES - $79,646 AMY YEAGER - $244,127 EMPLOYEES WHO PARTICIPATED IN AND HAVE CONTRIBUTIONS TO THE EDCRP INCLUDE: BRENT CHRISTOPHER - $226,574 ROBERT FRIES $236,942 AMY YEAGER - $185,710

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202533179349311773

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