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Nonprofiteer
← TEXAS CHILDRENS HOSPITAL FOUNDATION

Form 990 for tax year 2024

Filed by TEXAS CHILDRENS HOSPITAL FOUNDATION.

Totals

Total revenue
$145,410,519
Total expenses
$8,377,574
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$145,410,519
Other revenue
$0
Total assets, end of year
$4,067,227,821
Total liabilities, end of year
$1,067,984,949
Net assets or fund balances, end of year
$2,999,242,872
Program services expenses (Part IX)
$8,377,574
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$8,377,574

Program services were 100.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $24,786,155 · related or exempt $0 · unrelated business $10,207,021 · excluded $14,579,134

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $1,588,977,675 · other assets $0

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

    securities $1,468,353,311 · other assets $0

  • 7c · Gain or loss

    securities $120,624,364 · other assets $0

  • 7d · Net gain or loss

    total $120,624,364 · related or exempt $0 · unrelated business $0 · excluded $120,624,364

  • 8a · Fundraising events: gross income

    $0

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

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11f · Fees: investment management

    total $1,303,032 · program services $1,303,032

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: ALLOCATED COSTS INTERCOMPANY INVESTMENT OFFICE EXPENSE

    total $4,924,941 · program services $4,924,941

  • 24b · Other expenses: OTHER INVESTMENT-RELATED FEES

    total $2,149,601 · program services $2,149,601

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,774,447 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $25,888,577 · end of year $20,474,792

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $814,496,495 · end of year $775,712,455

  • 12 · Investments: other securities

    beginning of year $2,566,371,403 · end of year $3,008,995,627

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $113,998,258 · end of year $262,044,947

  • 17 · Accounts payable and accrued expenses

    beginning of year $158,016,942 · end of year $222,626,827

  • 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 $714,593,866 · end of year $845,358,122

  • 27 · Net assets without donor restrictions

    beginning of year $2,676,918,372 · end of year $2,999,242,872

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO CREATE A HEALTHIER FUTURE FOR CHILDREN AND WOMEN THROUGHOUT OUR GLOBAL COMMUNITY BY LEADING IN PATIENT CARE, EDUCATION AND RESEARCH.

  • TEXAS CHILDREN'S HOSPITAL FOUNDATION MANAGES AND STEWARDS CHARITABLE ASSETS AND ENDOWMENT INVESTMENTS TO GENERATE LONG TERM FINANCIAL SUPPORT FOR TEXAS CHILDREN'S HOSPITAL'S MISSION OF PATIENT CARE, RESEARCH, EDUCATION, AND COMMUNITY HEALTH INITIATIVES.

    Expenses $8,377,574

As filed on the 2024 return.

Listed in Part VII

  • Carolyn C Sabat

    BOARD MEMBER & CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Debra F Sukin PhD

    BOARD MEMBER & CEO AS OF 10/4/24 / PRESIDENT

    Total calculated
    $2,496,247
    From this org
    $0
    From related orgs
    $2,142,794
    Other
    $353,453
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,540,861 related
    Bonus
    $0 + $530,000 related
    Other
    $0 + $71,933 related
    Deferred
    $0 + $305,850 related
    Nontaxable benefits
    $0 + $47,603 related
    Filer's total
    $0 + $2,496,247 related

  • Mark A Wallace

    BOARD MEMBER & CEO THROUGH 10/4/24

    Total calculated
    $13,338,019
    From this org
    $0
    From related orgs
    $13,249,302
    Other
    $88,717
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,097,370 related
    Bonus
    $0 + $1,630,000 related
    Other
    $0 + $9,521,932 related
    Deferred
    $0 + $62,169 related
    Nontaxable benefits
    $0 + $26,548 related
    Filer's total
    $0 + $13,338,019 related

  • Antonio R Sanchez III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Barry H Margolis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • C Park Shaper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Daniel Pickering

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gary L Rosenthal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Le Simmons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michael C Linn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ronald C Hulme

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tym Tombar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Afsheen S Davis

    BOARD SECRETARY AS OF 10/12/24 / SVP & GENERAL COUNSEL

    Total calculated
    $993,799
    From this org
    $0
    From related orgs
    $872,460
    Other
    $121,339
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $434,080 related
    Bonus
    $0 + $353,500 related
    Other
    $0 + $84,880 related
    Deferred
    $0 + $74,643 related
    Nontaxable benefits
    $0 + $46,696 related
    Filer's total
    $0 + $993,799 related

  • Aisha Jamal

    BOARD SECRETARY THROUGH 10/11/24

    Total calculated
    $1,039,153
    From this org
    $0
    From related orgs
    $880,644
    Other
    $158,509
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,251 related
    Bonus
    $0 + $222,768 related
    Other
    $0 + $394,625 related
    Deferred
    $0 + $142,948 related
    Nontaxable benefits
    $0 + $15,561 related
    Filer's total
    $0 + $1,039,153 related

  • Amanda R Williams

    ASSISTANT SECRETARY AS OF 11/7/24

    Total calculated
    $338,857
    From this org
    $0
    From related orgs
    $281,370
    Other
    $57,487
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,233 related
    Bonus
    $0 + $500 related
    Other
    $0 + $21,637 related
    Deferred
    $0 + $21,760 related
    Nontaxable benefits
    $0 + $35,727 related
    Filer's total
    $0 + $338,857 related

  • Bradley S Morrill

    ASSISTANT SECRETARY THROUGH 11/6/24

    Total calculated
    $168,022
    From this org
    $0
    From related orgs
    $139,183
    Other
    $28,839
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,224 related
    Bonus
    $0 + $500 related
    Other
    $0 + $12,459 related
    Deferred
    $0 + $11,425 related
    Nontaxable benefits
    $0 + $17,414 related
    Filer's total
    $0 + $168,022 related

  • Jessica V Fleischer

    FORMER OFFICER

    Total calculated
    $131,391
    From this org
    $0
    From related orgs
    $107,395
    Other
    $23,996
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $83,577 related
    Bonus
    $0
    Other
    $0 + $23,818 related
    Deferred
    $0 + $12,724 related
    Nontaxable benefits
    $0 + $11,272 related
    Filer's total
    $0 + $131,391 related

  • Lance A Lightfoot

    FORMER OFFICER & SENIOR VICE PRESIDENT

    Total calculated
    $1,989,558
    From this org
    $0
    From related orgs
    $1,926,445
    Other
    $63,113
    Hours/week
    0 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $483,102 related
    Bonus
    $0
    Other
    $0 + $1,443,343 related
    Deferred
    $0 + $39,266 related
    Nontaxable benefits
    $0 + $23,847 related
    Filer's total
    $0 + $1,989,558 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED BY TEXAS CHILDREN'S AND TEXAS CHILDREN'S HOSPITAL, USING THE FOLLOWING METHODS: * COMPENSATION COMMITTEE * INDEPENDENT COMPENSATION CONSULTANT * COMPENSATION SURVEY OR STUDY * APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
SCHEDULE J, PART I, LINE 4A SEVERANCE OR CHANGE-OF-CONTROL PAYMENT
DURING CALENDAR YEAR 2024, A RELATED ORGANIZATION MADE SEVERANCE PAYMENTS TO THE FOLLOWING INDIVIDUALS, WHICH WAS TREATED AS TAXABLE AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III): AISHA JAMAL $72,800 LANCE A. LIGHTFOOT $317,990 MARK A. WALLACE $7,008,300
SCHEDULE J, PART I, LINE 4B 457 (F) PLAN
457(F) PLAN: PAID/DEFERRED AFSHEEN S. DAVIS $31,504 / $46,620 AISHA JAMAL $213,514 / $0 DEBRA F. SUKIN $0 / $295,500 LANCE A. LIGHTFOOT $905,895 / $0 MARK A. WALLACE $566,100 / $0 457(F): THE 457(F) PLAN IS A NON-QUALIFIED DEFERRED COMPENSATION PLAN THAT ALLOWS EXECUTIVES AND ELIGIBLE PHYSICIANS TO RECEIVE SUPPLEMENTAL RETIREMENT INCOME. FUNDS MAY BE CREDITED INTO THIS ACCOUNT FROM AN EMPLOYER CONTRIBUTION, CALCULATED BASED ON AN INDIVIDUAL'S TITLE AND BASE SALARY AS OF JANUARY 1. THESE EMPLOYER FUNDED CONTRIBUTIONS VEST AFTER THE EARLIER OF 5 YEARS IN THE PLAN, THE ATTAINMENT OF AGE 60 WITH 75 POINTS DETERMINED AS THE SUM OF AGE AND YEARS OF SERVICE, OR AT AGE 65 WITH 3 OR MORE YEARS OF SERVICE.
SCHEDULE J, PART I, LINE 4B SPLIT DOLLAR LIFE INSURANCE PLAN
CERTAIN INDIVIDUALS LISTED AT FORM 990, PART VII, HAVE SPLIT-DOLLAR LIFE INSURANCE POLICIES. THE PREMIUMS PAID BY TEXAS CHILDREN'S HOSPITAL WILL BE RECOVERED PARTIALLY OR FULLY WHEN THE POLICY IS TERMINATED OR TRANSFERRED TO THE EXECUTIVE. PARTICIPANTS INCLUDE THE FOLLOWING EXECUTIVES: LANCE A. LIGHTFOOT AND MARK A. WALLACE. AMOUNTS FOR THE SURRENDERED CASH VALUE AND/OR EARNINGS ON THE CASH VALUE WERE CONSIDERED TAXABLE TO THE FOLLOWING INDIVIDUALS: LANCE A. LIGHTFOOT $96,024 MARK A. WALLACE $1,120,905

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.

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.

  • TCH INSURANCE COMPANY LTD

    C CORPORATION · INSURANCE · CJ

    Directly controlled by NA

  • TEXAS CHILDREN'S CLINICALLY INTEGRATED NETWORK

    C CORPORATION · HEALTH CARE · TX

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.1
Source object
202632269349302733

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