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Nonprofiteer
← THE SHRINERS HOSPITAL FOR CHILDREN

Form 990 for tax year 2024

Filed by THE SHRINERS HOSPITAL FOR CHILDREN.

Totals

Total revenue
$84,911,186
Total expenses
$59,955,520
Contributions and grants received
$24,930,057
Grants paid
$0
Program service revenue
$7,430,872
Investment income
$51,617,978
Other revenue
$932,279
Total assets, end of year
$566,594,546
Total liabilities, end of year
$6,000,010
Net assets or fund balances, end of year
$560,594,536
Program services expenses (Part IX)
$57,792,348
Management and general expenses
$2,163,172
Fundraising expenses
$0
Program service expenses (Part III)
$57,792,348

Program services were 96.4% 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

    $15,713,665

  • 1e · Government grants (contributions)

    $1,381,735

  • 1f · All other contributions, gifts and grants

    $7,834,657

  • 2a · Program service revenue: PATIENT SERVICE

    total $6,155,018 · related or exempt $6,155,018

  • 2b · Program service revenue: PROGRAM-RELATED RENTAL INCOME

    total $1,275,854 · related or exempt $1,275,854

  • 3 · Investment income

    total $12,786,615 · excluded $12,786,615

  • 7a · Gross sales of assets other than inventory

    securities $123,608,702

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

    securities $84,776,617 · other assets $722

  • 7c · Gain or loss

    securities $38,832,085 · other assets -$722

  • 7d · Net gain or loss

    total $38,831,363 · excluded $38,831,363

  • 10a · Gross sales of inventory

    $279,279

  • 10b · Cost of goods sold

    $236,658

  • 10c · Net income from sales of inventory

    total $42,621 · excluded $42,621

  • 11d · All other revenue

    total $889,658 · related or exempt $189,748 · excluded $699,910

  • 11e · Other revenue, total

    $889,658

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $22,056,627 · program services $21,645,000 · management and general $411,627

  • 8 · Pension plan contributions

    total $2,035,407 · program services $1,997,422 · management and general $37,985

  • 9 · Other employee benefits

    total $2,892,595 · program services $2,838,613 · management and general $53,982

  • 10 · Payroll taxes

    total $1,528,118 · program services $1,499,600 · management and general $28,518

  • 11f · Fees: investment management

    total $749,289 · management and general $749,289

  • 11g · Fees: other

    total $15,544,977 · program services $15,542,235 · management and general $2,742

  • 12 · Advertising and promotion

    total $6,119 · program services $6,119

  • 13 · Office expenses

    total $1,029,295 · program services $987,127 · management and general $42,168

  • 14 · Information technology

    total $68,709 · program services $68,709

  • 16 · Occupancy

    total $3,144,592 · program services $3,144,592

  • 17 · Travel

    total $290,771 · program services $273,423 · management and general $17,348

  • 19 · Conferences, conventions and meetings

    total $42,302 · program services $41,908 · management and general $394

  • 22 · Depreciation, depletion and amortization

    total $4,261,466 · program services $4,261,466

  • 23 · Insurance

    total $751,650 · management and general $751,650

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $3,116,679 · program services $3,113,011 · management and general $3,668

  • 24b · Other expenses: TPP TAXES AND FEES

    total $1,579,281 · program services $1,579,281

  • 24c · Other expenses: PATIENT TRAVEL COSTS

    total $253,577 · program services $253,577

  • 24d · Other expenses: DUES AND REGISTRATIONS

    total $82,321 · program services $50,015 · management and general $32,306

  • 24e · All other expenses

    total $521,745 · program services $490,250 · management and general $31,495

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $212,711 · end of year $156,316

  • 4 · Accounts receivable

    beginning of year $1,819,826 · end of year $2,158,273

  • 8 · Inventories for sale or use

    beginning of year $478,412 · end of year $440,161

  • 9 · Prepaid expenses and deferred charges

    beginning of year $509,356 · end of year $384,849

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

    $164,970,314

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

    $118,055,771

  • 10c · Land, buildings and equipment, net

    beginning of year $50,153,690 · end of year $46,914,543

  • 11 · Investments: publicly traded securities

    beginning of year $404,431,446 · end of year $438,539,605

  • 15 · Other assets

    beginning of year $89,089,486 · end of year $78,000,799

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,662,370 · end of year $6,000,010

  • 27 · Net assets without donor restrictions

    beginning of year $541,032,557 · end of year $560,594,536

Mission and programs · 2024

Mission

SHRINERS CHILDREN'S IS COMMITTED TO COMPASSIONATE, HIGH-QUALITY CARE THAT IMPROVES CHILDREN'S LIVES, IN A FAMILY-CENTERED AND COLLABORATIVE ENVIRONMENT. (CONTINUED ON SCHEDULE O)

Activities or mission (Part I)

WE OFFER FAMILY-CENTERED PEDIATRIC SPECIALTY CARE REGARDLESS OF FAMILIES' ABILITY TO PAY.

  • STATE-OF-THE-ART MEDICAL CARE:SHRINERS HOSPITALS FOR CHILDREN, COMPRISED OF A NETWORK OF HOSPITALS (SEE SCHEDULE R), SERVES MORE THAN 175 COUNTRIES, TREATING MORE THAN 150,000 UNIQUE CHILDREN EACH YEAR. OUR ORGANIZATIONAL MISSION IS TO PROVIDE THE HIGHEST QUALITY OF CARE TO CHILDREN WITHIN A COMPASSIONATE, FAMILY-CENTERED AND COLLABORATIVE CARE ENVIRONMENT. OUR TEAM OF HIGHLY-SKILLED MEDICAL PROFESSIONALS ARE AMONG SOME OF THE MOST RECOGNIZED INDIVIDUALS IN THE FIELDS OF PEDIATRIC BURN CARE AND PEDIATRIC ORTHOPEDIC CARE. CONTINUED ON SCHEDULE O OUR SPECIALIZED CARE EXTENDS BEYOND THE CONVENTIONAL WALLS OF THE HOSPITAL. SHRINERS HOSPITALS FOR CHILDREN ALSO SEEKS TO DELIVER CARE TO THOSE INTERNATIONALLY THROUGH OUR TELEHEALTH PROGRAM, WHICH ALLOWS PATIENTS TO RECEIVE OUR WRAP-AROUND CARE VIA VIDEO CONFERENCING. WE ALSO STRIVE TO HELP THOSE IN NEED - ESPECIALLY WHEN DISASTER STRIKES.

    Expenses $53,640,438 · Revenue $6,344,766

  • RESEARCH:SHRINERS HOSPITALS FOR CHILDREN PRIDES ITSELF ON THE WRAP-AROUND CARE THAT IT PROVIDES TO PATIENTS AND FAMILIES. AS A HEALTH CARE SYSTEM WITH LOCATIONS THROUGHOUT THE UNITED STATES, CANADA, AND MEXICO, OUR STAFF IS DEDICATED TO IMPROVING THE LIVES OF CHILDREN BY PROVIDING PEDIATRIC SPECIALTY CARE, CONDUCTING INNOVATIVE RESEARCH, AND OFFERING OUTSTANDING TEACHING PROGRAMS FOR MEDICAL PROFESSIONALS. CONTINUED ON SCHEDULE OOUR RESEARCH TEAM IS AMONG THE MOST HIGHLY RENOWNED, GAINING NATIONAL RECOGNITION FOR CLINICAL AND TRANSLATIONAL RESEARCH. SIX (6) SHC LOCATIONS ARE MAJOR RESEARCH HOSPITALS (ONE (1) OPERATED BY THIS ORGANIZATION), WORKING TO DEVELOP NOVEL THERAPIES AND TECHNOLOGIES WITHIN THE MEDICAL COMMUNITY. WE ALSO PERFORM GENOME SEQUENCING OF PATIENT AND FAMILY SAMPLES COLLECTED AT OUR NORTH AMERICAN AND INTERNATIONAL OUTREACH LOCATIONS.

    Expenses $4,151,910 · Revenue $1,275,854

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JAMES E STOLZE JR

    CHAIRMAN OF THE BOARD

    Total calculated
    $8,591
    From this org
    $0
    From related orgs
    $8,591
    Other
    $0
    Hours/week
    2 + 10 related

  • JERRY G GANTT

    PRESIDENT

    Total calculated
    $9,000
    From this org
    $0
    From related orgs
    $9,000
    Other
    $0
    Hours/week
    2 + 9 related

  • RICHARD G BURKE

    VICE PRESIDENT

    Total calculated
    $47,500
    From this org
    $0
    From related orgs
    $47,500
    Other
    $0
    Hours/week
    2 + 11 related

  • BRAD T KOEHN

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 23 related

  • GERALD R DIEVENDORF

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    2

  • DEAN M WHALEN

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • JIM CAIN

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • RICAURTE A ARROCHA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • CHARLES M CHARLEY BONNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THOMAS B COPPENS

    TRUSTEE (TERM START 7/1/24)

    Total calculated
    $0
    Hours/week
    2

  • KEVIN R COSTELLO

    TRUSTEE (TERM START 7/1/24)

    Total calculated
    $0
    Hours/week
    2 + 11 related

  • KENNETH G CRAVEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • MICHAEL A CUNNINGHAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID A FOYE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BENJAMIN T GARRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KENNETH J GUIDERA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • TIMOTHY L LUDWIG

    TRUSTEE (TERM START 7/1/24)

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • PAUL F POULIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • GERALD E JERRY PUTMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM B RASNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • LESLIE D STEWART

    TRUSTEE

    Total calculated
    $9,000
    From this org
    $0
    From related orgs
    $9,000
    Other
    $0
    Hours/week
    2 + 5 related

  • DONALD L THOMAS

    TRUSTEE (TERM START 7/1/24)

    Total calculated
    $0
    Hours/week
    2

  • JAMES A DOEL

    TRUSTEE (TERM END 7/1/24)

    Total calculated
    $0
    Hours/week
    2

  • CRAIG A KAZIN

    PAST ASST TREASURER (TERM END 7/1/24)

    Total calculated
    $0
    Hours/week
    2

  • CHUCK PITTMAN

    TRUSTEE (EMERITUS 11/24)

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • JOHN MCCABE

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $4,000,753
    From this org
    $0
    From related orgs
    $3,976,234
    Other
    $24,519
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,036,713 related
    Bonus
    $0
    Other
    $0 + $2,939,521 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $14,169 related
    Filer's total
    $0 + $4,000,753 related

  • ROBERT SHERIDAN

    CHIEF OF STAFF, BURNS

    Total calculated
    $796,713
    From this org
    $721,671
    From related orgs
    $0
    Other
    $75,042
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $692,312
    Bonus
    $0
    Other
    $29,359
    Deferred
    $50,136
    Nontaxable benefits
    $24,906
    Filer's total
    $796,713

  • LAEL LUEDTKE

    MEDICAL DIRECTOR

    Total calculated
    $719,231
    From this org
    $639,464
    From related orgs
    $0
    Other
    $79,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $611,776
    Bonus
    $0
    Other
    $27,688
    Deferred
    $51,461
    Nontaxable benefits
    $28,306
    Filer's total
    $719,231

  • KAREN MYUNG

    ORTHOPEDIA SURGEON

    Total calculated
    $327,364
    From this org
    $315,661
    From related orgs
    $0
    Other
    $11,703
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $291,887
    Bonus
    $0
    Other
    $23,774
    Deferred
    $0
    Nontaxable benefits
    $11,703
    Filer's total
    $327,364

  • FRANCES MARTHONE

    ADMINISTRATOR

    Total calculated
    $315,625
    From this org
    $259,994
    From related orgs
    $0
    Other
    $55,631
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,275
    Bonus
    $0
    Other
    $1,719
    Deferred
    $17,606
    Nontaxable benefits
    $38,025
    Filer's total
    $315,625

  • RICHARD FULKERSON

    MARKET DIR FISCAL SERVICES

    Total calculated
    $239,495
    From this org
    $218,458
    From related orgs
    $0
    Other
    $21,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,153
    Bonus
    $0
    Other
    $1,305
    Deferred
    $13,389
    Nontaxable benefits
    $7,648
    Filer's total
    $239,495

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 · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 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 1A
FIRST CLASS TRAVEL IS AVAILABLE ONLY TO BOARD MEMBERS AND EXECUTIVE STAFF AND ONLY IF THE FLIGHT IS LONGER THAN ONE AND A HALF HOURS. A COMPANION ONLY QUALIFIES FOR TRAVEL IF HE OR SHE IS A COMPANION OF A BOARD MEMBER AND IS ACTIVELY PARTICIPATING IN SHRINE BUSINESS DURING THE TRIP. FOR SOME KEY EMPLOYEES, IF RELOCATION IS REQUIRED, A TEMPORARY HOUSING ALLOWANCE MAY BE PROVIDED AS A MEANS TO RECRUIT TOP INDIVIDUALS.
PART I, LINE 4B
THE ORGANIZATION OFFERS A DEFINED BENEFIT SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (DB SERP). EMPLOYEES WHO ARE VESTED IN THE ORGANIZATION'S RETIREMENT PLAN AND EARN OVER THE SALARY CAP QUALIFY FOR A DB SERP BENEFIT. PARTICIPANTS VEST AT AGE 62. UPON RETIREMENT, THE DB SERP BENEFIT IS PAYABLE AS A LUMP SUM. PARTICIPANTS OF THE DB SERP DURING 2024 INCLUDE JOHN MCCABE, ROBERT SHERIDAN, LAEL LUEDTKE, AND FRANCES MARTHONE. JOHN MCCABE RECEIVED TAXABLE BENEFITS OF $2,911,877 DURING 2024. NON-VESTED CONTRIBUTIONS OF $29,436, $30,761, AND $5,340 WERE MADE ON BEHALF THE PARTICIPANTS, RESPECTIVELY.

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

No itemized grants to organizations 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.

  • SHRINERS HOSPITALS FOR CHILDREN EMPLOYEE DISASTER RELIEF FUND

    501(C)(3) · DISASTER RELIEF · DC

    Directly controlled by SHRINERS HOSPITALS FOR CHILDREN

  • SHRINERS HOSPITALS FOR CHILDREN

    501(C)(3) · HOSPITAL SYSTEM · CO

    Directly controlled by SHRINERS INTERNATIONAL

  • SHRINERS INTERNATIONAL

    501(C)(10) · FOUNDED SHRINERS HOSPITALS FOR CHILDREN · IA

  • SHRINERS HOSPITALS FOR CHILDREN A CANADIAN CORPORATION

    501(C)(3) EQUIVALENT · HOSPITAL SYSTEM · CA

    Directly controlled by SHRINERS HOSPITALS FOR CHILDREN

  • SHRINERS HOSPITALS FOR CHILDREN (QUEBEC) INC

    501(C)(3) EQUIVALENT · HOSPITAL SYSTEM · CA

    Directly controlled by SHRINERS HOSPITALS FOR CHILDREN

  • SHRINERS HOSPITALS FOR CHILDREN A MEXICAN ASSOCIATION

    501(C)(3) EQUIVALENT · HOSPITAL SYSTEM · MX

    Directly controlled by SHRINERS HOSPITALS FOR CHILDREN

  • SHRINERS INTERNATIONAL EDUCATION FOUNDATION

    501(C)(3) · EDUCATION AND LEADERSHIP TRAINING · TX

    Directly controlled by SHRINERS INTERNATIONAL

  • SHRINERS HOSPITALS FOR CHILDREN AMBULATORY CLINIC AT HIC AC

    501(C)(3) EQUIVALENT · HOSPITAL SYSTEM · MX

    Directly controlled by SHRINERS HOSPITALS FOR CHILDREN

Provenance

Return type
form_990
Tax year
2024
Filed
26 June 2025
IRS schema version
2024v5.2
Source object
202531789349300338

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