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Nonprofiteer
← CHILDRENS MERCY HOSPITAL

Form 990 for tax year 2022

Filed by CHILDRENS MERCY HOSPITAL.

Totals

Total revenue
$2,042,894,714
Total expenses
$1,778,140,684
Contributions and grants received
$123,975,399
Grants paid
$87,820,178
Program service revenue
$1,776,025,558
Investment income
$99,366,469
Other revenue
$43,527,288
Total assets, end of year
$3,015,652,104
Total liabilities, end of year
$648,592,709
Net assets or fund balances, end of year
$2,367,059,395
Program services expenses (Part IX)
$1,353,578,119
Management and general expenses
$418,075,638
Fundraising expenses
$6,486,927
Program service expenses (Part III)
$1,353,578,119

Program services were 76.1% 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.

  • 1a · Federated campaigns

    $200,770

  • 1c · Fundraising events

    $6,024,557

  • 1d · Related organizations

    $8,786,502

  • 1e · Government grants (contributions)

    $35,920,469

  • 1f · All other contributions, gifts and grants

    $73,043,101

  • 1g · Noncash contributions included above

    $405,226

  • 2a · Program service revenue: Net Patient Services

    total $1,776,025,558 · related or exempt $1,776,025,558

  • 3 · Investment income

    total $99,366,469 · excluded $99,366,469

  • 8a · Fundraising events: gross income

    $818,283

  • 8a · Fundraising events: contributions included on line 1c

    $6,024,557

  • 8b · Fundraising events: direct expenses

    $1,784,861

  • 8c · Net income from fundraising events

    total -$966,578 · excluded -$966,578

  • 11a · Other revenue: Contract Revenue

    total $29,528,387 · related or exempt $29,528,387

  • 11b · Other revenue: Late Claim Interest

    total $1,986,393 · related or exempt $1,986,393

  • 11c · Other revenue: Gift Shop

    total $1,497,362 · related or exempt $1,497,362

  • 11d · All other revenue

    total $11,481,724 · related or exempt $7,922,243 · unrelated business $3,559,481

  • 11e · Other revenue, total

    $44,493,866

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,305,912 · program services $3,305,912

  • 2 · Grants to domestic individuals

    total $84,398,238 · program services $84,398,238

  • 3 · Grants to foreign organizations and individuals

    total $116,028 · program services $116,028

  • 5 · Compensation of officers, directors and key employees

    total $11,641,443 · program services $3,831,418 · management and general $7,810,025

  • 7 · Other salaries and wages

    total $827,512,316 · program services $643,740,576 · management and general $179,389,913 · fundraising $4,381,827

  • 8 · Pension plan contributions

    total $45,864,978 · program services $35,393,842 · management and general $10,231,642 · fundraising $239,494

  • 9 · Other employee benefits

    total $96,407,808 · program services $75,196,203 · management and general $20,726,457 · fundraising $485,148

  • 10 · Payroll taxes

    total $55,402,439 · program services $42,753,867 · management and general $12,359,276 · fundraising $289,296

  • 11b · Fees: legal

    total $2,993,561 · program services $40,155 · management and general $2,953,406

  • 11c · Fees: accounting

    total $376,539 · program services $75,000 · management and general $301,539

  • 11d · Fees: lobbying

    total $374,588 · management and general $374,588

  • 11e · Fees: professional fundraising services

    total $560,992 · fundraising $560,992

  • 11g · Fees: other

    total $184,105,401 · program services $85,934,493 · management and general $98,121,447 · fundraising $49,461

  • 12 · Advertising and promotion

    total $6,515,558 · program services $20,357 · management and general $6,495,201

  • 13 · Office expenses

    total $4,701,045 · program services $228,911 · management and general $4,470,448 · fundraising $1,686

  • 16 · Occupancy

    total $20,214,791 · program services $9,147,290 · management and general $10,783,419 · fundraising $284,082

  • 17 · Travel

    total $7,201,833 · program services $5,120,841 · management and general $2,056,433 · fundraising $24,559

  • 20 · Interest

    total $10,688,140 · program services $10,298,194 · management and general $389,946

  • 22 · Depreciation, depletion and amortization

    total $74,703,592 · program services $37,997,622 · management and general $36,585,477 · fundraising $120,493

  • 23 · Insurance

    total $21,876,402 · program services $15,451,735 · management and general $6,424,667

  • 24a · Other expenses: Medical Supplies

    total $209,468,552 · program services $204,959,574 · management and general $4,460,026 · fundraising $48,952

  • 24b · Other expenses: State Medicaid Taxes

    total $70,492,381 · program services $70,492,381 · management and general $0 · fundraising $0

  • 24c · Other expenses: Inventory- Food Service

    total $8,381,045 · program services $7,913,627 · management and general $467,418 · fundraising $0

  • 24d · Other expenses: Dues & Subscriptions

    total $7,850,766 · program services $3,158,042 · management and general $4,691,787 · fundraising $937

  • 24e · All other expenses

    total $22,986,336 · program services $14,003,813 · management and general $8,982,523

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $178,115,608 · end of year $288,448,336

  • 3 · Pledges and grants receivable

    beginning of year $41,641,177 · end of year $68,767,905

  • 4 · Accounts receivable

    beginning of year $274,093,148 · end of year $240,672,007

  • 8 · Inventories for sale or use

    beginning of year $18,556,240 · end of year $19,877,027

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,665,792 · end of year $32,254,096

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

    $1,409,893,008

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

    $646,631,844

  • 10c · Land, buildings and equipment, net

    beginning of year $787,078,359 · end of year $763,261,164

  • 11 · Investments: publicly traded securities

    beginning of year $1,149,774,668 · end of year $1,302,966,773

  • 13 · Investments: program-related

    beginning of year $7,671,035 · end of year $7,966,647

  • 15 · Other assets

    beginning of year $256,206,588 · end of year $291,438,149

  • 17 · Accounts payable and accrued expenses

    beginning of year $197,277,888 · end of year $204,385,395

  • 20 · Tax-exempt bond liabilities

    beginning of year $294,749,048 · end of year $285,483,697

  • 25 · Other liabilities

    beginning of year $151,716,293 · end of year $158,723,617

  • 27 · Net assets without donor restrictions

    beginning of year $1,894,759,441 · end of year $2,108,725,109

  • 28 · Net assets with donor restrictions

    beginning of year $203,299,945 · end of year $258,334,286

Mission and programs · 2022

Mission

Children's Mercy is a leading independent children's health organization dedicated to holistic care, translational research, breakthrough innovation, and educating the next generation of caregivers. Together, we transform the health, well-being and potential of children, with unwavering compassion for those most vulnerable.

Activities or mission (Part I)

Excellence in healthcare for children

  • All expenses for program services relate to providing healthcare. There was a total of 390 licensed beds and 201,419 adjusted patient days during the year from 14,120 admissions. Outpatient visits totaled 599,297 which includes 47,043 primary care visits, 105,545 urgent care visits, 98,090 emergency department visits and 348,619 specialty clinic visits. Telemedicine visits totaled 61,738 which includes both synchronous and asynchronous visits. There was a total of 19,907 surgical cases which includes 4,213 inpatient cases and 15,694 outpatient cases. Children's Mercy's Adele Hall Campus consists of a 338-bed teaching hospital for children located in Kansas City, Missouri, and a 52-bed hospital for children located in Overland Park, Kansas. Children's Mercy Hospital provides the highest level of medical care, technology, services, equipment, and facilities promoting the health and well-being of children in the region, from birth through adolescence. Patients and their families are treated with compassion in a family-centered environment that recognizes their physical, emotional, financial, social, and spiritual needs. The comprehensive healthcare environment provided by the Hospital includes clinical services, research, and teaching efforts, which are designed to serve today's and tomorrow's children, and the community in which they live.The Hospital's services are available to all regardless of ability to pay.

    Expenses $1,267,126,774 · Grants $84,914,923 · Revenue $1,816,959,943

  • Children's Mercy Hospital (CMH) is dedicated to becoming a leader in pediatric translational research. A strategic planning initiative established the Children's Mercy Research Institute (CMRI) to focus on research and research infrastructure. Through the generosity of two philanthropic gifts totaling $150 million, the Hospital has built a nine story, 375,000 square foot facility enabling research scientists to gain access to state-of-the-art research technology as well as dry lab and wet lab space to support that research. The building includes an auditorium for presentations to train medical school students and inform the public about pediatric healthcare innovations that are being developed and created by research scientists and physicians here in collaboration with others throughout the nation and world. In addition these generous gifts will help support funding for scientific programs and recruitment. Research conducted today at CMH includes basic science and clinical research in numerous areas including pharmacology, cancer, cardiology, genetic diseases and health outcomes. Areas of research strength include Precision Therapeutics, Genomics Medicine, Population Health, Emerging Infections and Health Care Innovation. During the year ended June 30, 2023 there were more than 622 active sponsored research projects. The Children's Mercy Research Institute occupies about 18% of the space on the main campus and 7% of the total annual operating budget. Children's Mercy spent $86 million in the year ended June 30, 2023 on research and per information from the NIH Reporter received more than $8.7 Million in NIH funding in this same time period. More than 900+ publications were accepted and/or published. The Children's Mercy Research Institute provides seed funding to Investigators with internal competitive grant programs such as the Midwest Cancer Alliance and the Katherine Berry Richardson (KBR) Fund, with expectations that this funding will lead to applications for externally funded grant programs in the future.

    Expenses $86,451,345 · Grants $2,905,255

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

Listed in Part VII

  • Paul D Kempinski MS FACHE

    Director; President & CEO

    Total calculated
    $1,697,300
    From this org
    $1,652,635
    From related orgs
    $0
    Other
    $44,665
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,170,127
    Bonus
    $454,548
    Other
    $27,960
    Deferred
    $22,875
    Nontaxable benefits
    $23,605
    Filer's total
    $1,699,115

  • Douglas Swanson MD

    Director; End 12/31/22

    Total calculated
    $279,839
    From this org
    $257,922
    From related orgs
    $0
    Other
    $21,917
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,283
    Bonus
    $12,147
    Other
    $21,492
    Deferred
    $21,689
    Nontaxable benefits
    $1,291
    Filer's total
    $280,902

  • Bill Krueger

    Chair

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Elizabeth Braham

    Vice Chair; End 6/30/23

    Total calculated
    $0
    Hours/week
    1.5

  • Vince Clark

    Treasurer

    Total calculated
    $0
    Hours/week
    1.5

  • Andrew Teigen

    Secretary; End 4/19/23

    Total calculated
    $0
    Hours/week
    1.25

  • Kevin Barth

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jean-Paul Chaurand

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Jeff Geheb

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Jennifer Sauer MD

    Director; Start 7/1/22

    Total calculated
    $0
    Hours/week
    1

  • Terry Matlack

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Charlie Harris

    Director; Start 7/1/22

    Total calculated
    $0
    Hours/week
    1

  • Walter Porter

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Diane Gallagher

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Olga Koper

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mary Ann Queen MD

    Director; Start 1/1/23

    Total calculated
    $540,889
    From this org
    $491,677
    From related orgs
    $0
    Other
    $49,212
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $392,788
    Bonus
    $95,941
    Other
    $2,948
    Deferred
    $27,450
    Nontaxable benefits
    $22,012
    Filer's total
    $541,139

  • Robin Foster JD

    EVP, General Counsel

    Total calculated
    $838,952
    From this org
    $790,712
    From related orgs
    $0
    Other
    $48,240
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $558,895
    Bonus
    $199,003
    Other
    $32,814
    Deferred
    $27,450
    Nontaxable benefits
    $23,236
    Filer's total
    $841,398

  • Robert Steele MD

    EVP & Chief Strategy/Innovation Off.

    Total calculated
    $835,917
    From this org
    $795,302
    From related orgs
    $0
    Other
    $40,615
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $569,399
    Bonus
    $202,823
    Other
    $23,080
    Deferred
    $19,825
    Nontaxable benefits
    $23,240
    Filer's total
    $838,367

  • Jodi Coombs MBA BSN RN

    EVP & COO

    Total calculated
    $915,880
    From this org
    $887,403
    From related orgs
    $0
    Other
    $28,477
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $647,852
    Bonus
    $217,540
    Other
    $22,011
    Deferred
    $19,825
    Nontaxable benefits
    $11,132
    Filer's total
    $918,360

  • Robert Lane MD

    EVP & Physician-in-Chief

    Total calculated
    $867,509
    From this org
    $823,844
    From related orgs
    $0
    Other
    $43,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $589,762
    Bonus
    $209,814
    Other
    $24,268
    Deferred
    $22,875
    Nontaxable benefits
    $22,107
    Filer's total
    $868,826

  • Alex Daneshmand DO MBA

    EVP & Chief Quality Officer

    Total calculated
    $830,537
    From this org
    $800,627
    From related orgs
    $0
    Other
    $29,910
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $575,166
    Bonus
    $203,699
    Other
    $21,762
    Deferred
    $9,150
    Nontaxable benefits
    $23,210
    Filer's total
    $832,987

  • Thomas Wright

    EVP & Chief HR Officer

    Total calculated
    $624,904
    From this org
    $605,374
    From related orgs
    $0
    Other
    $19,530
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $431,843
    Bonus
    $146,867
    Other
    $26,664
    Deferred
    $10,878
    Nontaxable benefits
    $11,044
    Filer's total
    $627,296

  • Jennifer Kingry

    Interim CFO; End 10/23/22

    Total calculated
    $574,473
    From this org
    $533,882
    From related orgs
    $0
    Other
    $40,591
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $435,333
    Bonus
    $78,959
    Other
    $19,590
    Deferred
    $19,825
    Nontaxable benefits
    $23,159
    Filer's total
    $576,866

  • James Simaras

    EVP & CFO; Start 10/24/22

    Total calculated
    $145,145
    From this org
    $142,509
    From related orgs
    $0
    Other
    $2,636
    Hours/week
    40

  • Shawn St Peter MD

    SVP/Surgeon-in-Chief;ChairDeptOfSurg

    Total calculated
    $1,113,324
    From this org
    $1,069,659
    From related orgs
    $0
    Other
    $43,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $898,089
    Bonus
    $127,420
    Other
    $44,150
    Deferred
    $22,875
    Nontaxable benefits
    $23,345
    Filer's total
    $1,115,879

  • Thomas Curran PhD

    SVP, CSO, Executive Director-CMRI

    Total calculated
    $1,054,516
    From this org
    $1,018,420
    From related orgs
    $0
    Other
    $36,096
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $744,695
    Bonus
    $214,273
    Other
    $59,452
    Deferred
    $27,450
    Nontaxable benefits
    $10,013
    Filer's total
    $1,055,883

  • Jeanne James MD

    Sr VP, Chair of Pediatrics

    Total calculated
    $758,573
    From this org
    $728,663
    From related orgs
    $0
    Other
    $29,910
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $506,943
    Bonus
    $149,867
    Other
    $71,853
    Deferred
    $9,150
    Nontaxable benefits
    $22,056
    Filer's total
    $759,869

  • James O'Brien Jr MD

    Physician

    Total calculated
    $1,605,878
    From this org
    $1,557,650
    From related orgs
    $0
    Other
    $48,228
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,529,135
    Bonus
    $2,000
    Other
    $26,515
    Deferred
    $27,450
    Nontaxable benefits
    $21,450
    Filer's total
    $1,606,550

  • William Douglas MD

    Physician

    Total calculated
    $1,546,911
    From this org
    $1,503,246
    From related orgs
    $0
    Other
    $43,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,472,345
    Bonus
    $2,000
    Other
    $28,901
    Deferred
    $22,875
    Nontaxable benefits
    $21,444
    Filer's total
    $1,547,565

  • Charles Snyder MD

    Physician

    Total calculated
    $858,297
    From this org
    $816,531
    From related orgs
    $0
    Other
    $41,766
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $783,745
    Bonus
    $2,000
    Other
    $30,786
    Deferred
    $27,450
    Nontaxable benefits
    $14,757
    Filer's total
    $858,738

  • John Gatti MD

    Physician

    Total calculated
    $847,975
    From this org
    $799,735
    From related orgs
    $0
    Other
    $48,240
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $774,175
    Bonus
    $2,000
    Other
    $23,560
    Deferred
    $27,450
    Nontaxable benefits
    $22,365
    Filer's total
    $849,550

  • Paul Grabb MD

    Physician

    Total calculated
    $857,546
    From this org
    $818,759
    From related orgs
    $0
    Other
    $38,787
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $790,346
    Bonus
    $2,000
    Other
    $26,413
    Deferred
    $22,875
    Nontaxable benefits
    $16,356
    Filer's total
    $857,990

  • David Cauble

    Former EVP & CFO; End 2/18/22

    Total calculated
    $236,626
    From this org
    $219,576
    From related orgs
    $0
    Other
    $17,050
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,562
    Bonus
    $0
    Other
    $27,014
    Deferred
    $13,426
    Nontaxable benefits
    $4,025
    Filer's total
    $237,027

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

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.

  • CMH Insurance Company LLC

    Insurance for The Children's Mercy Hospital · MO · income -$4,680 · assets $10,407,939

    Directly controlled by The Children's Mercy Hospital

  • Physician Business Partners LLC

    Physician network for education and purchasing · MO

    Directly controlled by The Children's Mercy Hospital

  • Children's Research Institute LLC

    Supports research activities of The Children's Mercy Hospital · MO

    Directly controlled by The Children's Mercy Hospital

  • PedsMarket LLC

    Advancing pediatric innovation · MO

    Directly controlled by The Children's Mercy Hospital

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202401289349302460

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