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Nonprofiteer
← CHILDRENS SPORT MEDICINE FOUNDATION INC

Form 990 for tax year 2022

Filed by CHILDRENS SPORT MEDICINE FOUNDATION INC.

Totals

Total revenue
$34,246,935
Total expenses
$36,050,180
Contributions and grants received
$16,671
Grants paid
$1,949,186
Program service revenue
$34,190,076
Investment income
$40,188
Other revenue
$0
Total assets, end of year
$53,575,173
Total liabilities, end of year
$11,159,370
Net assets or fund balances, end of year
$42,415,803
Program services expenses (Part IX)
$34,772,398
Management and general expenses
$1,277,782
Fundraising expenses
$0
Program service expenses (Part III)
$34,772,398

Program services were 96.5% 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.

  • 1f · All other contributions, gifts and grants

    $16,671

  • 2a · Program service revenue: Patient Services

    total $33,195,304 · related or exempt $33,195,304

  • 2b · Program service revenue: Clinical and Other Revenue

    total $994,772 · related or exempt $994,772

  • 3 · Investment income

    total $40,188 · unrelated business $15,765 · excluded $24,423

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,949,186 · program services $1,949,186

  • 5 · Compensation of officers, directors and key employees

    total $8,977,334 · program services $8,894,741 · management and general $82,593

  • 7 · Other salaries and wages

    total $17,930,584 · program services $17,039,793 · management and general $890,791

  • 11b · Fees: legal

    total $3,000 · management and general $3,000

  • 11c · Fees: accounting

    total $19,014 · management and general $19,014

  • 11g · Fees: other

    total $242,638 · management and general $242,638

  • 13 · Office expenses

    total $1,224,441 · program services $1,184,695 · management and general $39,746

  • 16 · Occupancy

    total $1,768,031 · program services $1,768,031

  • 19 · Conferences, conventions and meetings

    total $53,534 · program services $53,534

  • 22 · Depreciation, depletion and amortization

    total $421,555 · program services $421,555

  • 23 · Insurance

    total $22,967 · program services $22,967

  • 24a · Other expenses: Fellowship expenses

    total $924,733 · program services $924,733

  • 24b · Other expenses: PO management services

    total $785,333 · program services $785,333

  • 24c · Other expenses: Billing services

    total $752,877 · program services $752,877

  • 24d · Other expenses: BCH Support Tax

    total $663,906 · program services $663,906

  • 24e · All other expenses

    total $311,047 · program services $311,047

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,925,914 · end of year $4,301,031

  • 2 · Savings and temporary cash investments

    beginning of year $1,454,482 · end of year $1,523,904

  • 4 · Accounts receivable

    beginning of year $2,884,344 · end of year $3,469,843

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,468 · end of year $64,883

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

    $5,634,019

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

    $2,659,534

  • 10c · Land, buildings and equipment, net

    beginning of year $2,912,097 · end of year $2,974,485

  • 12 · Investments: other securities

    beginning of year $34,285,171 · end of year $37,171,736

  • 15 · Other assets

    beginning of year $3,003,915 · end of year $4,069,291

  • 17 · Accounts payable and accrued expenses

    beginning of year $221,245 · end of year $201,107

  • 18 · Grants payable

    beginning of year $186,624 · end of year $2,031,560

  • 25 · Other liabilities

    beginning of year $7,783,039 · end of year $8,926,703

  • 27 · Net assets without donor restrictions

    beginning of year $41,332,483 · end of year $42,415,803

Mission and programs · 2022

Mission

The Foundation provides sports related injury and medical services primarily to patients at Boston Children's Hospital and at satellite locations. The Foundation was organized exclusively for charitable, scientific, and educational purposes. The mission (See Schedule O) strives to provide comprehensive assessment, treatment, and follow up care to children, adolescents, and young adults with sports-related orthopaedic injuries.

Activities or mission (Part I)

The Foundation provides sports injury related medical services primarily to (see Schedule O) patients at Boston Children's Hospital and at satellite locations. The Foundation also provides care for patients regardless of their ability to pay, as well as providing community based services.

  • The Foundation provides sports related injury and orthopaedic surgery services primarily to patients at Boston Children's Hospital, and at satellite locations. The Foundation carries on and promotes basic and applied medical research and education in the field of sports related injuries by teaching students and other medical and scientific personnel. Additionally, the Foundation gives lectures and publishes information concerning problems and research results in the fields of sports related injuries and orthopaedic surgery in order to educate the general public and the medical profession. The Foundation also provides care for patients regardless of their ability to pay, as well as providing hospital and community based services that are limited in the community.

    Expenses $33,381,502 · Grants $1,949,186 · Revenue $32,822,473

  • The Foundation has an agreement with Boston Children's Hospital to jointly operate satellite ambulatory centers to service patients in the community. This agreement calls for a sharing of any net surplus generated by these satellite centers.

    Expenses $1,390,896 · Revenue $1,367,603

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

Listed in Part VII

  • Mininder S Kocher MD

    President

    Total calculated
    $2,092,219
    From this org
    $1,982,363
    From related orgs
    $0
    Other
    $109,856
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $608,522
    Bonus
    $1,300,000
    Other
    $73,841
    Deferred
    $66,000
    Nontaxable benefits
    $43,856
    Filer's total
    $2,092,219

  • Lyle J Micheli MD

    Director

    Total calculated
    $953,102
    From this org
    $870,953
    From related orgs
    $0
    Other
    $82,149
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $571,197
    Bonus
    $250,000
    Other
    $49,756
    Deferred
    $66,000
    Nontaxable benefits
    $16,149
    Filer's total
    $953,102

  • William Meehan MD

    Treasurer

    Total calculated
    $595,465
    From this org
    $485,291
    From related orgs
    $0
    Other
    $110,174
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,121
    Bonus
    $160,000
    Other
    $74,170
    Deferred
    $66,000
    Nontaxable benefits
    $44,174
    Filer's total
    $595,465

  • Andrea Straccolini MD

    Director

    Total calculated
    $764,643
    From this org
    $698,643
    From related orgs
    $0
    Other
    $66,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,143
    Bonus
    $350,000
    Other
    $47,500
    Deferred
    $66,000
    Nontaxable benefits
    $0
    Filer's total
    $764,643

  • Dennis Kramer MD

    Director

    Total calculated
    $1,252,564
    From this org
    $1,137,181
    From related orgs
    $0
    Other
    $115,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,555
    Bonus
    $795,000
    Other
    $72,626
    Deferred
    $66,000
    Nontaxable benefits
    $49,383
    Filer's total
    $1,252,564

  • Benton Heyworth MD

    Director

    Total calculated
    $1,473,003
    From this org
    $1,352,626
    From related orgs
    $0
    Other
    $120,377
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,055
    Bonus
    $1,070,000
    Other
    $51,571
    Deferred
    $66,000
    Nontaxable benefits
    $54,377
    Filer's total
    $1,473,003

  • Melissa Christino MD

    Director

    Total calculated
    $1,087,567
    From this org
    $1,002,995
    From related orgs
    $0
    Other
    $84,572
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $401,014
    Bonus
    $530,000
    Other
    $71,981
    Deferred
    $66,000
    Nontaxable benefits
    $18,572
    Filer's total
    $1,087,567

  • Bridget Quinn MD

    Director

    Total calculated
    $337,273
    From this org
    $278,523
    From related orgs
    $0
    Other
    $58,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,023
    Bonus
    $85,000
    Other
    $42,500
    Deferred
    $58,750
    Nontaxable benefits
    $0
    Filer's total
    $337,273

  • Cristina C Murphy

    Clerk

    Total calculated
    $54,488
    From this org
    $0
    From related orgs
    $54,488
    Other
    $0
    Hours/week
    40

  • Martha M Murray MD

    Director

    Total calculated
    $829,096
    From this org
    $758,434
    From related orgs
    $0
    Other
    $70,662
    Hours/week
    6

    Schedule J breakdown matched by us

    Base
    $702,118
    Bonus
    $0
    Other
    $56,316
    Deferred
    $66,000
    Nontaxable benefits
    $4,662
    Filer's total
    $829,096

  • Physicians Org at CH Inc

    Institutional Trustee

    Total calculated
    $0
    Hours/week
    2

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 · 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 7
Children's Sports Medicine Foundation, Inc. (the Foundation) paid compensation based on the patient revenues collected by their physicians. The physicians listed on Part VII or Schedule L are sub-contractors who received compensation based on percentage of the total revenue collected, minus billing fees, and foundation and clinical dues. The percentage allocation was determined by the Chief of the Foundation and approved by the board members.
Part II:
Various individuals listed in Form 990, Part VII are compensated by an unrelated organization, Children's Orthopaedic Surgery Foundation, Inc. for services rendered to the Foundation. Salary and benefit information reported in Form 990, Part VII and Schedule J, Part II represents compensation for services the individuals provided to both organizations. As an allocation of compensation specific to the Foundation cannot be readily performed, the respective individuals' total salary and benefits have been reported on the Foundation's Form 990 in accordance with IRS instructions.

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
30 July 2024
IRS schema version
2022v5.0
Source object
202412159349301211

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