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Nonprofiteer
← CHILDRENS ANESTHESIOLOGY ASSOCIATES LTD

Form 990 for tax year 2022

Filed by CHILDRENS ANESTHESIOLOGY ASSOCIATES LTD.

Totals

Total revenue
$91,222,384
Total expenses
$91,404,637
Contributions and grants received
$275,000
Grants paid
$5,037,750
Program service revenue
$89,528,923
Investment income
$1,418,461
Other revenue
$0
Total assets, end of year
$87,525,629
Total liabilities, end of year
$19,499,828
Net assets or fund balances, end of year
$68,025,801
Program services expenses (Part IX)
$80,431,718
Management and general expenses
$10,972,919
Fundraising expenses
$0
Program service expenses (Part III)
$80,431,718

Program services were 88.0% 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

    $275,000

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $82,143,036 · related or exempt $82,143,036

  • 2b · Program service revenue: RESEARCH REVENUE

    total $3,028,498 · related or exempt $3,028,498

  • 2c · Program service revenue: OTHER PROGRAM SUPPORT

    total $4,357,389 · related or exempt $4,357,389

  • 3 · Investment income

    total $1,425,617 · excluded $1,425,617

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $8,196,170

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

    securities $8,203,326

  • 7c · Gain or loss

    securities -$7,156

  • 7d · Net gain or loss

    total -$7,156 · excluded -$7,156

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,037,750 · program services $5,037,750

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $5,576,941 · program services $4,353,440 · management and general $1,223,501

  • 6 · Compensation of disqualified persons

    total $1,095,211 · program services $1,095,211

  • 7 · Other salaries and wages

    total $61,729,621 · program services $55,428,600 · management and general $6,301,021

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $8,106,800 · program services $7,195,202 · management and general $911,598

  • 10 · Payroll taxes

    total $3,380,862 · program services $3,007,186 · management and general $373,676

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $11,093 · program services $2,250 · management and general $8,843

  • 11c · Fees: accounting

    total $67,338 · management and general $67,338

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $69,262 · management and general $69,262

  • 11g · Fees: other

    total $926,289 · program services $266,386 · management and general $659,903

  • 12 · Advertising and promotion

    total $50,245 · program services $37,991 · management and general $12,254

  • 13 · Office expenses

    total $132,084 · program services $116,484 · management and general $15,600

  • 14 · Information technology

    total $360,572 · program services $347,927 · management and general $12,645

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $32,474 · program services $3,927 · management and general $28,547

  • 17 · Travel

    total $582,822 · program services $507,987 · management and general $74,835

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,640 · management and general $3,640

  • 23 · Insurance

    total $1,725,177 · program services $1,713,174 · management and general $12,003

  • 24a · Other expenses: AFFILIATED PROGRAM EXPENSES

    total $1,183,555 · program services $133,038 · management and general $1,050,517

  • 24b · Other expenses: DEV., EDU., & SUBSCRIPTIONS

    total $512,934 · program services $456,793 · management and general $56,141

  • 24c · Other expenses: PATIENT RELATED SUPPLIES

    total $17,407 · program services $15,342 · management and general $2,065

  • 24d · Other expenses: RESEARCH EXPENSE

    total $8,552 · program services $8,552

  • 24e · All other expenses

    total $794,008 · program services $704,478 · management and general $89,530

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $25,213,819 · end of year $22,705,498

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $9,771,335 · end of year $11,832,816

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $1,847,240

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

    $1,826,459

  • 10c · Land, buildings and equipment, net

    beginning of year $24,421 · end of year $20,781

  • 11 · Investments: publicly traded securities

    beginning of year $40,684,831 · end of year $44,459,721

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,924,111 · end of year $8,506,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,181,953 · end of year $11,273,603

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,241,993 · end of year $8,226,225

  • 27 · Net assets without donor restrictions

    beginning of year $65,194,571 · end of year $68,025,801

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

SEE SCHEDULE O

  • TO PROVIDE HEALTH CARE, ANESTHESIOLOGY, RESEARCH AND TEACHING SERVICES. THE ORGANIZATION OFFERS FINANCIAL ASSISTANCE FOR MEDICALLY NECESSARY CARE TO PATIENTS/FAMILIES WHO MEET THE ELIGIBILITY REQUIREMENTS OF THE FINANCIAL ASSISTANCE POLICY OF CHOP AND ITS AFFILIATES. THE ORGANIZATION SUPPORTS THE MEDICAL RESEARCH AND TEACHING MISSIONS OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA.

    Expenses $80,431,718 · Grants $5,037,750 · Revenue $89,528,923

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

Listed in Part VII

  • Charles Dean Kurth MD

    PRESIDENT/DIRECTOR

    Total calculated
    $1,302,731
    From this org
    $1,268,613
    From related orgs
    $0
    Other
    $34,118
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $827,477
    Bonus
    $320,733
    Other
    $120,403
    Deferred
    $27,450
    Nontaxable benefits
    $6,668
    Filer's total
    $1,302,731

  • Susan Nicolson

    PHYSICIAN

    Total calculated
    $918,394
    From this org
    $0
    From related orgs
    $873,671
    Other
    $44,723
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $682,634 related
    Bonus
    $0 + $173,650 related
    Other
    $0 + $17,387 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $23,373 related
    Filer's total
    $0 + $918,394 related

  • Andreas Wolfgang Loepke MD

    DIRECTOR

    Total calculated
    $762,736
    From this org
    $715,137
    From related orgs
    $0
    Other
    $47,599
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $517,170
    Bonus
    $160,000
    Other
    $37,967
    Deferred
    $27,450
    Nontaxable benefits
    $20,149
    Filer's total
    $762,736

  • Robert A Berg MD

    FORMER VICE PRESIDENT/DIRECTOR

    Total calculated
    $749,139
    From this org
    $0
    From related orgs
    $718,218
    Other
    $30,921
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $602,865 related
    Bonus
    $0 + $96,196 related
    Other
    $0 + $19,157 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $9,571 related
    Filer's total
    $0 + $749,139 related

  • Philip Bailey Jr

    TREASURER/DIRECTOR

    Total calculated
    $746,956
    From this org
    $700,511
    From related orgs
    $0
    Other
    $46,445
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $532,161
    Bonus
    $73,100
    Other
    $95,250
    Deferred
    $27,450
    Nontaxable benefits
    $18,995
    Filer's total
    $746,956

  • Nick Pratap

    PHYSICIAN

    Total calculated
    $666,867
    From this org
    $0
    From related orgs
    $632,867
    Other
    $34,000
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $460,646 related
    Bonus
    $0 + $164,850 related
    Other
    $0 + $7,371 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $21,800 related
    Filer's total
    $0 + $666,867 related

  • Lindsey Loveland Baptist

    PHYSICIAN

    Total calculated
    $661,317
    From this org
    $0
    From related orgs
    $636,386
    Other
    $24,931
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $460,864 related
    Bonus
    $0 + $168,927 related
    Other
    $0 + $6,595 related
    Deferred
    $0 + $19,850 related
    Nontaxable benefits
    $0 + $5,081 related
    Filer's total
    $0 + $661,317 related

  • Matthew Jolley

    PHYSICIAN

    Total calculated
    $653,822
    From this org
    $607,686
    From related orgs
    $0
    Other
    $46,136
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $411,907
    Bonus
    $158,116
    Other
    $37,663
    Deferred
    $27,450
    Nontaxable benefits
    $18,686
    Filer's total
    $653,822

  • Justin Lockman

    ASSOCIATE CHAIR

    Total calculated
    $630,304
    From this org
    $579,182
    From related orgs
    $0
    Other
    $51,122
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $424,939
    Bonus
    $75,055
    Other
    $79,188
    Deferred
    $27,450
    Nontaxable benefits
    $23,672
    Filer's total
    $630,304

  • Andrew T Costarino

    VICE PRESIDENT/SECRETARY

    Total calculated
    $586,530
    From this org
    $555,128
    From related orgs
    $0
    Other
    $31,402
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $485,049
    Bonus
    $68,500
    Other
    $1,579
    Deferred
    $27,450
    Nontaxable benefits
    $3,952
    Filer's total
    $586,530

  • Robert Sutton

    DIRECTOR

    Total calculated
    $561,482
    From this org
    $512,810
    From related orgs
    $0
    Other
    $48,672
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $359,618
    Bonus
    $73,279
    Other
    $79,913
    Deferred
    $27,450
    Nontaxable benefits
    $21,222
    Filer's total
    $561,482

  • Allan F Simpao

    DIRECTOR

    Total calculated
    $519,806
    From this org
    $473,738
    From related orgs
    $0
    Other
    $46,068
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $415,612
    Bonus
    $51,963
    Other
    $6,163
    Deferred
    $27,450
    Nontaxable benefits
    $18,618
    Filer's total
    $519,806

  • Donald Boyer

    DIRECTOR

    Total calculated
    $509,081
    From this org
    $474,794
    From related orgs
    $0
    Other
    $34,287
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $367,081
    Bonus
    $43,600
    Other
    $64,113
    Deferred
    $26,247
    Nontaxable benefits
    $8,040
    Filer's total
    $509,081

  • Alexis A Topjian

    FORMER DIRECTOR

    Total calculated
    $478,778
    From this org
    $427,832
    From related orgs
    $0
    Other
    $50,946
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $327,214
    Bonus
    $70,555
    Other
    $30,063
    Deferred
    $27,450
    Nontaxable benefits
    $23,496
    Filer's total
    $478,778

  • Venkat Ramann Shankar MD

    DIRECTOR

    Total calculated
    $466,520
    From this org
    $430,264
    From related orgs
    $0
    Other
    $36,256
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $391,347
    Bonus
    $38,250
    Other
    $667
    Deferred
    $27,450
    Nontaxable benefits
    $8,806
    Filer's total
    $466,520

  • Annery G Garcia Marcinkiewicz

    DIRECTOR

    Total calculated
    $461,007
    From this org
    $431,787
    From related orgs
    $0
    Other
    $29,220
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $385,039
    Bonus
    $40,650
    Other
    $6,098
    Deferred
    $9,150
    Nontaxable benefits
    $20,070
    Filer's total
    $461,007

  • Judith E Kraft

    EXECUTIVE DIRECTOR

    Total calculated
    $409,204
    From this org
    $0
    From related orgs
    $376,154
    Other
    $33,050
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,967 related
    Bonus
    $0 + $84,585 related
    Other
    $0 + $26,602 related
    Deferred
    $0 + $27,560 related
    Nontaxable benefits
    $0 + $5,490 related
    Filer's total
    $0 + $409,204 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

  • 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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4B
CHARLES DEAN KURTH MD - 120,403
SCHEDULE J, PART I, LINE 7
CERTAIN SENIOR LEADERS ARE ELIGIBLE TO RECEIVE INCENTIVES AS DETERMINED BY THE COMPENSATION COMMITTEE OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA.
SCHEDULE J, PART II
CHILDREN'S ANESTHESIOLOGY ASSOCIATES, LTD. IS A SUBSIDIARY OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA. OUR PHYSICIANS, WHO ARE COMMON LAW EMPLOYEES, ARE W-2 EMPLOYEES OF EITHER THE UNIVERSITY OF PENNSYLVANIA (AN UNRELATED ORGANIZATION) OR THE CHILDREN'S HOSPITAL OF PHILADELPHIA (A RELATED ORGANIZATION). COMPENSATION REPORTED MAY INCLUDE COMPENSATION FOR SERVICES TO OTHER RELATED ORGANIZATIONS.

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 corporations and trusts

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

  • VITARA BIOMEDICAL INC

    C CORP · BIOMEDICAL · DE

    Directly controlled by CHOP FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
12 April 2024
IRS schema version
2022v5.0
Source object
202411109349301201

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