Skip to content
Nonprofiteer
← CHILDRENS HOSPITAL RADIOLOGY FOUNDATION INC

Form 990 for tax year 2022

Filed by CHILDRENS HOSPITAL RADIOLOGY FOUNDATION INC.

Totals

Total revenue
$44,364,090
Total expenses
$43,373,402
Contributions and grants received
$2,258,625
Grants paid
$2,849,150
Program service revenue
$41,264,032
Investment income
$423,959
Other revenue
$417,474
Total assets, end of year
$61,213,583
Total liabilities, end of year
$3,309,571
Net assets or fund balances, end of year
$57,904,012
Program services expenses (Part IX)
$41,522,122
Management and general expenses
$1,851,280
Fundraising expenses
$0
Program service expenses (Part III)
$41,522,122

Program services were 95.7% 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.

  • 1d · Related organizations

    $2,258,625

  • 2a · Program service revenue: Patient Service Revenue

    total $36,929,323 · related or exempt $36,929,323

  • 2b · Program service revenue: Other revenue

    total $2,623,648 · related or exempt $2,623,648

  • 2c · Program service revenue: Education and Research

    total $1,711,061 · related or exempt $1,711,061

  • 3 · Investment income

    total $1,083,366 · excluded $1,083,366

  • 7a · Gross sales of assets other than inventory

    securities $28,493,672

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

    securities $29,153,079

  • 7c · Gain or loss

    securities -$659,407

  • 7d · Net gain or loss

    total -$659,407 · excluded -$659,407

  • 11a · Other revenue: Non-operating pension gains

    total $417,474 · excluded $417,474

  • 11e · Other revenue, total

    $417,474

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,849,150 · program services $2,849,150

  • 5 · Compensation of officers, directors and key employees

    total $4,209,953 · program services $4,209,953

  • 7 · Other salaries and wages

    total $20,523,354 · program services $20,400,284 · management and general $123,070

  • 8 · Pension plan contributions

    total $2,506,483 · program services $2,506,483

  • 9 · Other employee benefits

    total $3,264,058 · program services $3,123,066 · management and general $140,992

  • 10 · Payroll taxes

    total $768,646 · program services $1,033,455 · management and general -$264,809

  • 11b · Fees: legal

    total $21,838 · management and general $21,838

  • 11c · Fees: accounting

    total $39,107 · management and general $39,107

  • 11f · Fees: investment management

    total $190,967 · management and general $190,967

  • 11g · Fees: other

    total $982,289 · program services $7,461 · management and general $974,828

  • 13 · Office expenses

    total $851,281 · program services $252,986 · management and general $598,295

  • 14 · Information technology

    total $29,112 · program services $29,112

  • 17 · Travel

    total $72,042 · program services $72,042

  • 22 · Depreciation, depletion and amortization

    total $28,323 · program services $28,323

  • 23 · Insurance

    total $558,684 · program services $531,692 · management and general $26,992

  • 24a · Other expenses: Medical service equipme

    total $2,545,728 · program services $2,545,728

  • 24b · Other expenses: Coordinated Specialty P

    total $1,351,663 · program services $1,351,663

  • 24c · Other expenses: Billing services

    total $1,214,025 · program services $1,214,025

  • 24d · Other expenses: PO management services

    total $925,212 · program services $925,212

  • 24e · All other expenses

    total $441,487 · program services $441,487

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,196,967 · end of year $8,356,178

  • 2 · Savings and temporary cash investments

    beginning of year $8,467,258 · end of year $2,514,861

  • 4 · Accounts receivable

    beginning of year $4,120,310 · end of year $4,680,620

  • 5 · Loans and receivables from officers and key people

    beginning of year $34,000

  • 7 · Other notes and loans receivable

    beginning of year $316,333 · end of year $401,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $197,028 · end of year $4,735,217

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

    $362,111

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

    $332,151

  • 10c · Land, buildings and equipment, net

    beginning of year $58,284 · end of year $29,960

  • 11 · Investments: publicly traded securities

    beginning of year $35,807,600 · end of year $38,242,826

  • 15 · Other assets

    beginning of year $2,677,281 · end of year $2,252,921

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,035,320 · end of year $646,445

  • 18 · Grants payable

    beginning of year $333,184 · end of year $166,667

  • 25 · Other liabilities

    beginning of year $2,707,428 · end of year $2,496,459

  • 27 · Net assets without donor restrictions

    beginning of year $47,403,570 · end of year $53,382,376

  • 28 · Net assets with donor restrictions

    beginning of year $3,395,559 · end of year $4,521,636

Mission and programs · 2022

Mission

The Foundation was organized and operates exclusively for the benefit of Boston Children's Hospital (the Hospital) and Harvard Medical School (Harvard). The Foundation is subject to established policies, practices, and procedures of the Hospital and (see Schedule O) Harvard. The Foundation provides radiology services primarily to patients at the Hospital and at satellite locations.

Activities or mission (Part I)

The Foundation provides medical, scientific, and educational services for the (see Schedule O) patients of Boston Children's Hospital.

  • The Foundation provides radiology services to patients at Boston Children's Hospital. It also carries on and promotes basic and applied medical research and education in the field of pediatric radiology by teaching students and other medical and scientific personnel; by providing or supplementing income to research personnel through fellowships, research grants, and stipends; and by giving lectures and publishing information regarding problems and research results in the field of pediatric radiology in order to educate the medical profession and the general public. The Foundation may charge for patient care and other medical services, provided that any net income be used exclusively for the charitable, scientific, and educational purposes for which the Foundation was created. The Foundation (see Schedule O) provides care to patients who meet certain criteria under the Hospital's free-care policy without charge or at an amount less than its established rates.

    Expenses $41,522,122 · Grants $2,849,150 · Revenue $41,264,032

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeanne S Chow MD

    President (10/22 to 7/23)

    Total calculated
    $734,833
    From this org
    $657,602
    From related orgs
    $0
    Other
    $77,231
    Hours/week
    55 + 5 related

    Schedule J breakdown matched by us

    Base
    $590,756
    Bonus
    $27,200
    Other
    $39,646
    Deferred
    $35,000
    Nontaxable benefits
    $42,231
    Filer's total
    $734,833

  • Caroline D Robson MD

    Treasurer

    Total calculated
    $618,519
    From this org
    $541,329
    From related orgs
    $0
    Other
    $77,190
    Hours/week
    55 + 5 related

    Schedule J breakdown matched by us

    Base
    $467,580
    Bonus
    $27,200
    Other
    $46,549
    Deferred
    $35,000
    Nontaxable benefits
    $42,190
    Filer's total
    $618,519

  • Kirsten Ecklund MD

    Director

    Total calculated
    $516,291
    From this org
    $439,321
    From related orgs
    $0
    Other
    $76,970
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $373,899
    Bonus
    $21,760
    Other
    $43,662
    Deferred
    $35,000
    Nontaxable benefits
    $41,970
    Filer's total
    $516,291

  • Horacio PaduaMD

    Director

    Total calculated
    $675,851
    From this org
    $598,575
    From related orgs
    $0
    Other
    $77,276
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $538,165
    Bonus
    $27,200
    Other
    $33,210
    Deferred
    $35,000
    Nontaxable benefits
    $42,276
    Filer's total
    $675,851

  • Gulraiz Chaudry MD

    Director (10/22 to 12/22)

    Total calculated
    $558,961
    From this org
    $481,834
    From related orgs
    $0
    Other
    $77,127
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $421,890
    Bonus
    $21,760
    Other
    $38,184
    Deferred
    $35,000
    Nontaxable benefits
    $42,127
    Filer's total
    $558,961

  • Camilo Jaimes-Cobos MD

    Director (10/22 to 12/22)

    Total calculated
    $480,024
    From this org
    $422,758
    From related orgs
    $0
    Other
    $57,266
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $334,031
    Bonus
    $27,200
    Other
    $61,527
    Deferred
    $35,000
    Nontaxable benefits
    $22,266
    Filer's total
    $480,024

  • Carol Barnewolt MD

    Director (10/22 to 12/22)

    Total calculated
    $402,766
    From this org
    $357,306
    From related orgs
    $0
    Other
    $45,460
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $292,226
    Bonus
    $21,760
    Other
    $43,320
    Deferred
    $35,000
    Nontaxable benefits
    $10,460
    Filer's total
    $402,766

  • Sarah Bixby MD

    Director (12/22 to 9/23)

    Total calculated
    $643,669
    From this org
    $566,479
    From related orgs
    $0
    Other
    $77,190
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $504,879
    Bonus
    $27,200
    Other
    $34,400
    Deferred
    $35,000
    Nontaxable benefits
    $42,190
    Filer's total
    $643,669

  • Tina Young Poussaint MD

    President (7/23 to 9/23)

    Total calculated
    $582,820
    From this org
    $506,248
    From related orgs
    $0
    Other
    $76,572
    Hours/week
    55 + 5 related

    Schedule J breakdown matched by us

    Base
    $432,455
    Bonus
    $27,200
    Other
    $46,593
    Deferred
    $35,000
    Nontaxable benefits
    $41,572
    Filer's total
    $582,820

  • Neha Kwatra

    Director (12/22 to 9/23)

    Total calculated
    $472,437
    From this org
    $397,019
    From related orgs
    $0
    Other
    $75,418
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $343,793
    Bonus
    $25,900
    Other
    $27,326
    Deferred
    $35,000
    Nontaxable benefits
    $40,418
    Filer's total
    $472,437

  • Michael George MD

    Director (12/22 to 9/23)

    Total calculated
    $508,705
    From this org
    $435,362
    From related orgs
    $0
    Other
    $73,343
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $394,697
    Bonus
    $27,200
    Other
    $13,465
    Deferred
    $35,000
    Nontaxable benefits
    $38,343
    Filer's total
    $508,705

  • Physicians Org at CH Inc

    Institutional Trustee

    Total calculated
    $0
    Hours/week
    2

  • Darren B Orbach MD PhD

    Radiologist

    Total calculated
    $776,473
    From this org
    $702,497
    From related orgs
    $0
    Other
    $73,976
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $640,900
    Bonus
    $27,200
    Other
    $34,397
    Deferred
    $35,000
    Nontaxable benefits
    $38,976
    Filer's total
    $776,473

  • Ahmad Alomari MD

    Radiologist

    Total calculated
    $725,168
    From this org
    $651,192
    From related orgs
    $0
    Other
    $73,976
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $591,123
    Bonus
    $27,200
    Other
    $32,869
    Deferred
    $35,000
    Nontaxable benefits
    $38,976
    Filer's total
    $725,168

  • Irene G Paresky

    Employee

    Total calculated
    $705,878
    From this org
    $632,055
    From related orgs
    $0
    Other
    $73,823
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $479,479
    Bonus
    $97,734
    Other
    $54,842
    Deferred
    $35,000
    Nontaxable benefits
    $38,823
    Filer's total
    $705,878

  • Valerie Ward MD

    Radiologist

    Total calculated
    $651,552
    From this org
    $577,844
    From related orgs
    $0
    Other
    $73,708
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $416,085
    Bonus
    $134,825
    Other
    $26,934
    Deferred
    $35,000
    Nontaxable benefits
    $38,708
    Filer's total
    $651,552

  • Edward Lee MD

    Radiologist

    Total calculated
    $646,061
    From this org
    $591,411
    From related orgs
    $0
    Other
    $54,650
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $527,655
    Bonus
    $27,200
    Other
    $36,556
    Deferred
    $35,000
    Nontaxable benefits
    $19,650
    Filer's total
    $646,061

  • Richard Robertson MD

    Former President

    Total calculated
    $783,184
    From this org
    $709,215
    From related orgs
    $0
    Other
    $73,969
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $577,455
    Bonus
    $83,060
    Other
    $48,700
    Deferred
    $35,000
    Nontaxable benefits
    $38,969
    Filer's total
    $783,184

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
The Foundation provides gross-up payments for mortgage forgiveness, long-term disability insurance, and life insurance. These payments are included as taxable wages during the year. All permanent full-time employees of the Foundation are eligible for the gross-up payments.
Part I, Line 7
Bonus compensation is based on a budgeted amount. The amount is distributed equally based on the physician's full-time equivalent.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 August 2024
IRS schema version
2022v5.0
Source object
202422289349301782

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.