Form 990 for tax year 2024
Filed by CHILDRENS HOSPITAL CORPORATION.
Totals
- Total revenue
- $3,588,588,824
- Total expenses
- $3,527,089,859
- Contributions and grants received
- $598,845,413
- Grants paid
- $16,371,788
- Program service revenue
- $2,754,847,975
- Investment income
- $81,959,512
- Other revenue
- $152,935,924
- Total assets, end of year
- $9,124,927,004
- Total liabilities, end of year
- $3,492,539,389
- Net assets or fund balances, end of year
- $5,632,387,615
- Program services expenses (Part IX)
- $3,015,673,822
- Management and general expenses
- $462,842,758
- Fundraising expenses
- $48,573,279
- Program service expenses (Part III)
- $3,015,673,822
Program services were 85.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Kevin Churchwell MD
Chief Executive Officer
- Total calculated
- $3,490,323
- From this org
- $3,311,889
- From related orgs
- $0
- Other
- $178,434
- Hours/week
- 55 + 6 related
Schedule J breakdown matched by us
- Base
- $1,856,511
- Bonus
- $915,518
- Other
- $539,860
- Deferred
- $34,500
- Nontaxable benefits
- $143,934
- Filer's total
- $3,490,323
-
Ryan Nagy MD BEGIN TERM 22625
President & System COO
- Total calculated
- $0
- Hours/week
- 55 + 6 related
-
Douglas Berthiaume
Director - Chairperson
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Allan Bufferd
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Eugene Flood PhD
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Winston Henderson
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ivor Horn MD
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stephen Karp
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Steven Krichmar
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Samarth Kulkarni PhD
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert Langer ScD
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Vivian Lee MD
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Harvey Lodish PhD
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gary Loveman MD
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
James Mandell MD
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ralph C Martin
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Thomas Melendez
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ted Pappendick
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kathleen Regan
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Anthony Ryan
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert A Smith
Director - Vice Chairman
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Alison Taunton-Rigby PhD
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lisa Wieland
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Doug Vanderslice
Treasurer & EVP, System CFO
- Total calculated
- $1,953,676
- From this org
- $1,859,177
- From related orgs
- $0
- Other
- $94,499
- Hours/week
- 55 + 6 related
Schedule J breakdown matched by us
- Base
- $1,054,348
- Bonus
- $522,489
- Other
- $282,340
- Deferred
- $34,500
- Nontaxable benefits
- $59,999
- Filer's total
- $1,953,676
-
Christopher Viney JD
Secretary & EVP, System General Counsel
- Total calculated
- $1,105,466
- From this org
- $1,034,936
- From related orgs
- $0
- Other
- $70,530
- Hours/week
- 55 + 6 related
Schedule J breakdown matched by us
- Base
- $732,301
- Bonus
- $188,467
- Other
- $114,168
- Deferred
- $20,315
- Nontaxable benefits
- $50,215
- Filer's total
- $1,105,466
-
Bruce Balter
Asst Treasurer/Dr Corp Fin Svcs
- Total calculated
- $418,647
- From this org
- $361,570
- From related orgs
- $0
- Other
- $57,077
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $337,016
- Bonus
- $20,505
- Other
- $4,049
- Deferred
- $41,400
- Nontaxable benefits
- $15,677
- Filer's total
- $418,647
-
Rob Graham END TERM 31625
Asst Secretary/Sr Dr Enterprise Comm
- Total calculated
- $147,536
- From this org
- $147,144
- From related orgs
- $0
- Other
- $392
- Hours/week
- 55 + 5 related
-
Shea Asfaw BEGIN TERM 31725
Asst Secretary/Exec Director
- Total calculated
- $0
- Hours/week
- 55 + 5 related
-
Philip Rotner
Chief Investment Officer
- Total calculated
- $1,961,004
- From this org
- $1,882,678
- From related orgs
- $0
- Other
- $78,326
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $1,060,465
- Bonus
- $580,250
- Other
- $241,963
- Deferred
- $34,500
- Nontaxable benefits
- $43,826
- Filer's total
- $1,961,004
-
Lisa Abbott
EVP, Chief Human Resource Officer
- Total calculated
- $1,144,863
- From this org
- $1,080,979
- From related orgs
- $0
- Other
- $63,884
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $685,785
- Bonus
- $280,537
- Other
- $114,657
- Deferred
- $24,150
- Nontaxable benefits
- $39,734
- Filer's total
- $1,144,863
-
Nancy Andrews
EVP, Chief Scientific Officer
- Total calculated
- $1,309,423
- From this org
- $1,226,044
- From related orgs
- $0
- Other
- $83,379
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $863,623
- Bonus
- $221,697
- Other
- $140,724
- Deferred
- $31,050
- Nontaxable benefits
- $52,329
- Filer's total
- $1,309,423
-
Demosthenes Argys
EVP, Hospital Chief Operating
- Total calculated
- $1,373,253
- From this org
- $1,301,539
- From related orgs
- $0
- Other
- $71,714
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $823,244
- Bonus
- $350,229
- Other
- $128,066
- Deferred
- $37,950
- Nontaxable benefits
- $33,764
- Filer's total
- $1,373,253
-
Joseph A Mitchell MD END 425
EVP & President, Franciscan Children's Hospital
- Total calculated
- $940,919
- From this org
- $0
- From related orgs
- $939,919
- Other
- $1,000
- Hours/week
- 5 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $650,870 related
- Bonus
- $0 + $254,818 related
- Other
- $0 + $34,231 related
- Deferred
- $0 + $1,000 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $940,919 related
-
Michele Garvin Esq
EVP, Chief of Staff
- Total calculated
- $1,054,550
- From this org
- $979,529
- From related orgs
- $0
- Other
- $75,021
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $643,416
- Bonus
- $185,938
- Other
- $150,175
- Deferred
- $34,500
- Nontaxable benefits
- $40,521
- Filer's total
- $1,054,550
-
Peter Laussen MD
EVP, Health Affairs
- Total calculated
- $1,557,949
- From this org
- $1,448,138
- From related orgs
- $0
- Other
- $109,811
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $917,563
- Bonus
- $377,010
- Other
- $153,565
- Deferred
- $37,950
- Nontaxable benefits
- $71,861
- Filer's total
- $1,557,949
-
Lynn Susman
EVP, Chief Development Officer
- Total calculated
- $999,448
- From this org
- $919,503
- From related orgs
- $0
- Other
- $79,945
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $643,665
- Bonus
- $165,750
- Other
- $110,088
- Deferred
- $41,400
- Nontaxable benefits
- $38,545
- Filer's total
- $999,448
-
Laura J Wood DNP MS RN
EVP, Chief Nursing Officer
- Total calculated
- $1,411,895
- From this org
- $1,307,311
- From related orgs
- $0
- Other
- $104,584
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $794,114
- Bonus
- $378,200
- Other
- $134,997
- Deferred
- $37,950
- Nontaxable benefits
- $66,634
- Filer's total
- $1,411,895
-
Heather Nelson
SVP, Chief Information Officer
- Total calculated
- $985,520
- From this org
- $920,099
- From related orgs
- $0
- Other
- $65,421
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $644,794
- Bonus
- $168,451
- Other
- $106,854
- Deferred
- $24,150
- Nontaxable benefits
- $41,271
- Filer's total
- $985,520
-
Lisa Hogarty
SVP, RE Planning and Development
- Total calculated
- $1,177,607
- From this org
- $1,105,116
- From related orgs
- $0
- Other
- $72,491
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $687,990
- Bonus
- $304,000
- Other
- $113,126
- Deferred
- $31,050
- Nontaxable benefits
- $41,441
- Filer's total
- $1,177,607
-
Patricia Hickey PhD MBA RN NEA-BC
SVP, Nursing/Patient Care
- Total calculated
- $824,752
- From this org
- $775,035
- From related orgs
- $0
- Other
- $49,717
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $566,804
- Bonus
- $118,409
- Other
- $89,822
- Deferred
- $41,400
- Nontaxable benefits
- $8,317
- Filer's total
- $824,752
-
Michael Gillespie
SVP, Clinical Services
- Total calculated
- $739,573
- From this org
- $674,985
- From related orgs
- $0
- Other
- $64,588
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $485,808
- Bonus
- $107,588
- Other
- $81,589
- Deferred
- $34,500
- Nontaxable benefits
- $30,088
- Filer's total
- $739,573
-
Steven Luber
SVP, Finance
- Total calculated
- $730,477
- From this org
- $697,388
- From related orgs
- $0
- Other
- $33,089
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $510,645
- Bonus
- $107,588
- Other
- $79,155
- Deferred
- $24,150
- Nontaxable benefits
- $8,939
- Filer's total
- $730,477
-
August Cervini
SVP, Research Administration
- Total calculated
- $639,033
- From this org
- $583,617
- From related orgs
- $0
- Other
- $55,416
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $421,717
- Bonus
- $92,239
- Other
- $69,661
- Deferred
- $24,150
- Nontaxable benefits
- $31,266
- Filer's total
- $639,033
-
Alexander McAdam
Department Chief, Lab Medicine
- Total calculated
- $1,020,542
- From this org
- $959,398
- From related orgs
- $0
- Other
- $61,144
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $648,251
- Bonus
- $307,880
- Other
- $3,267
- Deferred
- $37,950
- Nontaxable benefits
- $23,194
- Filer's total
- $1,020,542
-
Cynthia Haines
SVP, National & International
- Total calculated
- $914,493
- From this org
- $842,657
- From related orgs
- $0
- Other
- $71,836
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $609,690
- Bonus
- $130,973
- Other
- $101,994
- Deferred
- $31,050
- Nontaxable benefits
- $40,786
- Filer's total
- $914,493
-
Stacy Drury
Department Chief, Psychiatry
- Total calculated
- $790,430
- From this org
- $744,251
- From related orgs
- $0
- Other
- $46,179
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $699,768
- Bonus
- $42,500
- Other
- $1,983
- Deferred
- $37,950
- Nontaxable benefits
- $8,229
- Filer's total
- $790,430
-
Martin Kelly
Director of Investments
- Total calculated
- $854,318
- From this org
- $807,559
- From related orgs
- $0
- Other
- $46,759
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $517,634
- Bonus
- $286,000
- Other
- $3,925
- Deferred
- $31,050
- Nontaxable benefits
- $15,709
- Filer's total
- $854,318
-
Nirav Desai
Director of Investments
- Total calculated
- $841,546
- From this org
- $794,227
- From related orgs
- $0
- Other
- $47,319
- Hours/week
- 55 + 5 related
Schedule J breakdown matched by us
- Base
- $506,738
- Bonus
- $286,000
- Other
- $1,489
- Deferred
- $24,150
- Nontaxable benefits
- $23,169
- Filer's total
- $841,546
-
Sandra Fenwick
Former President & CEO
- Total calculated
- $437,833
- From this org
- $437,833
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $437,833
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $437,833
-
Christine Grenache
Former Asst. Secretary
- Total calculated
- $172,269
- From this org
- $172,269
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $122,007
- Bonus
- $50,000
- Other
- $262
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $172,269
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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 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)
- Part I, Line 4b
- Boston Children's Hospital made contributions to the supplemental non-qualified retirement plan for the individuals listed below. Contribution amounts are generally based on a percentage of compensation. Participants of the supplemental executive retirement plan are fully vested. All payments with respect to a participant's separation from service will be made in a single sum following the separation from service unless participant has elected to receive the accrued interest portion of his or her account in three annual installments. Contributions were for employee benefits and not for Boston Children's Hospital Director or Officer of the Board services and/or responsibilities. During calendar year 2024, Children's Hospital Corporation made contributions to the supplemental non-qualified retirement plan for the individuals below: Kevin Churchwell, MD received a contribution of $502,587 Philip Rotner received a contribution of $236,247 Douglas Vanderslice received a contribution of $273,489 Peter Laussen, MD received a contribution of $144,503 Laura Wood received a contribution of $123,286 Demosthenes Argys received a contribution of $127,881 Nancy Andrews received a contribution of $136,707 Lisa Hogarty received a contribution of $102,293 Lisa Abbott received a contribution of $103,861 Christopher Viney, JD received a contribution of $86,982 Michele Garvin received a contribution of $133,545 Lynn Susman received a contribution of $101,380 Heather Nelson received a contribution of $99,129 Cynthia Haines received a contribution of $90,506 Patricia Hickey received a contribution of $82,147 Michael Gillespie received a contribution of $74,346 Steven Luber received a contribution of $78,161 August Cervini received a contribution of $66,004 During calendar year 2024, the following individuals received supplemental executive retirement plan distributions: Sandra Fenwick received a distribution of $943,833. Of that amount only $437,833 was considered to be taxable in the current year. During calendar year 2024, Franciscan Hospital for Children, a related organization of Children's Hospital Corporation, made contributions to the supplemental non-qualified retirement plan for the individual below: Joseph A. Mitchell, MD received a contribution of $130,749
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
-
$2,686,243
PILOT
-
$1,210,230
PILOT
-
Community Partnership
-
Boys and Girls Clubs of Metro South
$333,838
Community Partnership
-
Community Partnership
-
$333,000
Community Partnership
-
$329,004
Community Partnership
-
Boston Chinatown Neighborhood Center
$325,606
Community Partnership
-
Boston Public Health Commission
$290,000
PILOT
-
Immigrant Family Services Institute
$250,000
Community Partnership
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
Children's Medical Center Corporation
501(c)(3) · Holds & manages security, real estate investments for Children's Hospital · MA
-
Longwood Research Institute Inc
501(c)(3) · Medical & scientific research; holds real estate investments · MA
Directly controlled by Children's Medical Center Corporation
-
501(c)(3) · Holds & manages satellite ambulatory centers; real estate investments · MA
Directly controlled by Children's Medical Center Corporation
-
Physician's Organization at Children's Hospital Inc
501(c)(3) · Coord & develop integrated childhlth care system w/ affil members · MA
-
New England Congenital Cardiology Research Foundation
501(c)(3) · Improve patient safety & quality for children w/ heart disease · MA · controlled entity
Directly controlled by Children's Hospital Corporation
-
Children's Hospital League Corporation
501(c)(3) · Fundraising · MA · controlled entity
Directly controlled by Children's Hospital Corporation
-
501(c)(3) · Owning & Leasing Real Estate · MA
Directly controlled by Children's Medical Center Corporation
-
BIDMCChildren's Hospital Medical Care Corp
501(c)(3) · Pediatric Health Care, Education & Research · MA
-
Dana-FarberChildren's Hospital Cancer Care Inc
501(c)(3) · Joint program in pediatric oncology · MA
-
501(c)(3) · Critical Care Transport · MA
-
Longwood Medical Energy Collaborative Inc
501(c)(3) · Energy Related Initiatives · MA
-
Boston Children's Network Specialty Physicians Inc
501(c)(3) · Healthcare · MA · controlled entity
Directly controlled by Children's Hospital Corporation
-
Franciscan Hospital for Children Inc
501(c)(3) · Pediatric Rehabilitation and Behavioral Health · MA
Directly controlled by Children's Medical Center Corporation
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Children's One Brookline Place LLC
Real Estate Holdings · MA · income $12,791,350 · assets $97,794,344
Directly controlled by Children's Hospital Corporation
-
Children's Brookline Place LLC
Real Estate Holdings · MA · income $0 · assets $0
Directly controlled by Children's Hospital Corporation
-
Children's Five Brookline Place LLC
Real Estate Holdings · MA · income $522,631 · assets $4,805,312
Directly controlled by Children's Hospital Corporation
-
Real Estate Holdings · MA · income $0 · assets $0
Directly controlled by Children's Hospital Corporation
-
Real Estate Holdings · MA · income $0 · assets $0
Directly controlled by Children's Hospital Corporation
-
Real Estate Holdings · MA · income $0 · assets $0
Directly controlled by Children's Hospital Corporation
-
Boston Children's Health International LLC
Healthcare · MA · income $72,905 · assets $151,973
Directly controlled by Children's Medical Center Corp
-
Inactive · MA · income $0 · assets $0
Directly controlled by Longwood Research Institute
-
Real Estate Holdings · MA · income $0 · assets $7,190,109
Directly controlled by Longwood Research Institute
-
Children's Waltham Medical Center LLC
Real Estate Holdings · MA · income $0 · assets $49,770
Directly controlled by Children's Medical Center Corp
-
Boston Children's Health Accountable Care LLC
Accountable Care · MA · income $18,673,319 · assets $2,849,710
Directly controlled by Children's Hospital Corporation
-
Boston Children's Health Physicians LLP
Healthcare · NY · income $185,927,472 · assets $108,539,813
Directly controlled by Children's Medical Center Corp
-
Boston Children's Health Solutions RX LLC
Specialty Pharmacy · MA · income $147,609,737 · assets $17,575,252
Directly controlled by Children's Hospital Corporation
-
Boston Children's Health National LLC
Healthcare · MA · income $27,776,955 · assets $10,246
Directly controlled by Children's Medical Center Corp
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Florida Children's Health LLC
N/A · Pediatric healthcare · DE
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · Healthcare · MA
Directly controlled by Franciscan Hospital for Children Inc
Provenance
- Return type
- form_990
- Tax year
- 2024
- IRS schema version
- 2024v5.5
- Source object
- 202632279349300908
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