Civic Intelligence

Chmc Surgical Foundation Inc.

990 • Fiscal year 2021 • EIN 04-2767602

Oct 01, 2020 to Sep 30, 2021 • Filed on Jul 20, 2022

300 Longwood Avenue No Fegan3Boston, MA 02115

(617) 355-4022

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.28x

Higher debt load relative to assets than 54% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

65th percentile

0.62x

Higher debt load relative to revenue than 65% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

61st percentile

17%

Higher net margin than 61% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$1,422,132

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

77th percentile

25%

Faster asset growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

70th percentile

29%

Faster revenue growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$91,440,860

Up $18,040,826 (+25%) from 2020

Net Assets

Up

$65,905,376

Up $22,114,379 (+50%) from 2020

Liabilities

Down

$25,535,484

Down $4,073,553 (-14%) from 2020

Revenue

Up

$41,065,629

Up $9,125,270 (+29%) from 2020

Expenses

Up

$34,162,300

Up $5,915,631 (+21%) from 2020

Net Income

Up

$6,903,329

Up $3,209,639 (+87%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $36,601,867Liabilities 2011: $8,235,895Net Assets 2011: $28,365,9722011Assets 2012: $38,453,323Liabilities 2012: $11,342,754Net Assets 2012: $27,110,5692012Assets 2013: $43,006,066Liabilities 2013: $9,206,895Net Assets 2013: $33,799,1712013Assets 2014: $47,555,169Liabilities 2014: $16,489,844Net Assets 2014: $31,065,3252014Assets 2015: $46,686,427Liabilities 2015: $20,019,294Net Assets 2015: $26,667,1332015Assets 2016: $49,381,457Liabilities 2016: $21,566,473Net Assets 2016: $27,814,9842016Assets 2017: $51,850,709Liabilities 2017: $22,228,008Net Assets 2017: $29,622,7012017Assets 2018: $57,108,153Liabilities 2018: $20,395,537Net Assets 2018: $36,712,6162018Assets 2019: $63,029,765Liabilities 2019: $23,878,685Net Assets 2019: $39,151,0802019Assets 2020: $73,400,034Liabilities 2020: $29,609,037Net Assets 2020: $43,790,9972020Assets 2021: $91,440,860Liabilities 2021: $25,535,484Net Assets 2021: $65,905,3762021Assets 2022: $83,277,496Liabilities 2022: $20,938,690Net Assets 2022: $62,338,8062022Assets 2023: $95,368,583Liabilities 2023: $23,264,886Net Assets 2023: $72,103,6972023Assets 2024: $106,727,513Liabilities 2024: $35,176,940Net Assets 2024: $71,550,5732024

Highlighted filing

2021

Assets$91,440,860
Liabilities$25,535,484
Net Assets$65,905,376

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MRevenue 2011: $23,141,253Expenses 2011: $23,114,841Net Income 2011: $26,4122011Revenue 2012: $21,347,676Expenses 2012: $22,687,218Net Income 2012: -$1,339,5422012Revenue 2013: $22,018,427Expenses 2013: $22,545,604Net Income 2013: -$527,1772013Revenue 2014: $25,415,118Expenses 2014: $24,578,122Net Income 2014: $836,9962014Revenue 2015: $25,590,641Expenses 2015: $24,626,094Net Income 2015: $964,5472015Revenue 2016: $27,945,517Expenses 2016: $28,303,678Net Income 2016: -$358,1612016Revenue 2017: $29,732,225Expenses 2017: $34,544,414Net Income 2017: -$4,812,1892017Revenue 2018: $31,803,248Expenses 2018: $27,992,069Net Income 2018: $3,811,1792018Revenue 2019: $35,053,234Expenses 2019: $27,733,080Net Income 2019: $7,320,1542019Revenue 2020: $31,940,359Expenses 2020: $28,246,669Net Income 2020: $3,693,6902020Revenue 2021: $41,065,629Expenses 2021: $34,162,300Net Income 2021: $6,903,3292021Revenue 2022: $34,006,141Expenses 2022: $30,644,046Net Income 2022: $3,362,0952022Revenue 2023: $59,885,653Expenses 2023: $42,419,465Net Income 2023: $17,466,1882023Revenue 2024: $49,465,535Expenses 2024: $47,560,660Net Income 2024: $1,904,8752024

Highlighted filing

2021

Revenue$41,065,629
Expenses$34,162,300
Net Income$6,903,329
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Jul 20, 2022
Return Version
2020v4.2
Gross Receipts
$44,705,381
Mission and Program Overview

Mission

The Foundation provides surgical 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 surgery by teaching (see Schedule O) students and other medical and scientific personnel. The Foundation also provides care for patients regardless of their ability to pay.

The Foundation provides surgical services and educational services to Boston (see Schedule O) Children's Hospital and Harvard Medical School. The Foundation also provides care for patients regardless of their ability to pay, as well as providing and subsidizing hospital and community based services that are either unavailable or limited elsewhere in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$31,773,220$39,429,050▲ $7,655,830
Investments Other Securities$19,964,347$25,108,380▲ $5,144,033
Cash and Non-Interest-Bearing Accounts$9,131,980$11,894,228▲ $2,762,248
Accounts Receivable$3,777,474$4,030,996▲ $253,522
Other Notes and Loans Receivable, Net$360,999$388,666▲ $27,667
Receivables From Officers Etc$211,000$231,000▲ $20,000
Savings and Temporary Cash Investments$358,636$149,669▼ $208,967
Prepaid Expenses and Deferred Charges$55,397$87,687▲ $32,290
Land, Buildings, and Equipment, Net$14,699$10,799▼ $3,900
Total Assets$73,400,034$91,440,860▲ $18,040,826
Other Assets Total$7,752,282$10,110,385▲ $2,358,103
Liabilities
Other Liabilities$26,774,906$23,051,507▼ $3,723,399
Grants Payable$2,801,095$2,179,738▼ $621,357
Accounts Payable and Accrued Expenses$33,036$304,239▲ $271,203
Total Liabilities$29,609,037$25,535,484▼ $4,073,553
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,316,721$59,655,232▲ $20,338,511
Net Assets With Donor Restrictions$4,474,276$6,250,144▲ $1,775,868
Total Net Assets Fund Balance$43,790,997$65,905,376▲ $22,114,379
Total Liabilities and Net Assets / Fund Balance$73,400,034$91,440,860▲ $18,040,826

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,799$37,741$48,540
Other Assets Org$4,149,829--
Other Securities$25,108,380--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$4,474,276$3,552,652-$1,776,784$6,250,144
2019$4,462,943$681,949-$670,617$4,474,276
2018$1,883,909$3,167,000-$587,966$4,462,943
2017$1,883,962--$53$1,883,909
2016$3,051,785--$1,167,823$1,883,962
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven J Fishman MDPresidentFT$1,008,242$413,890$1,422,132
Heung Bae Kim MDClerkFT$638,336$490,132$1,128,468
Terry Buchmiller MDDirector (10/1/20-12/31/20)FT$619,652$476,908$1,096,560
Russell Jennings MDPhysician-$635,868$400,630$1,036,498
Christopher Weldon MDDirectorFT$504,020$520,020$1,024,040
Belinda Hsi Dickie MDPhysicianFT$410,984$608,124$1,019,108
Biren P Modi MDDirectorFT$419,124$567,482$986,606
Thomas E Hamilton MDPhysicianFT$476,776$501,503$978,279
Tom Jaksic MDTreasurerFT$702,108$239,064$941,172
Brent Weil MDDirector (1/1/21-9/30/21)FT$377,188$550,606$927,794
Catherine Chen MDPhysicianFT$446,124$467,573$913,697
-PhysicianFT$752,294$138,179$890,473
Shawn J Rangel MDPhysicianFT$442,744$447,729$890,473
Craig W Lillehei MDDirectorFT$551,336$205,047$756,383

Board Members and Trustees

NameTitle
Russell Jennings MDInstitutional Trustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Brigham and Women's Physician OrganizatiPhysician servicesPO Box 3684, Boston, MA 02241$261,149
Revenue and Support

Revenue Composition

Contributions and Grants
$3,623,459
Program Service Revenue
$35,545,476
Investment Income
$863,359
Other Revenue
$1,033,335
All Other Contributions
$1,697,202
Change in Net Assets
$6,903,329

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,065,629
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$15,211,050
Total Revenue per Audited Statements
$56,276,679
Total Revenue per Form 990
$41,065,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$30,613,464
Other Expenses$3,230,193
Grants and Similar Amounts Paid$318,643
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$16,438,147$1,754,917-$18,193,064
Current Officers, Directors, Trustees, and Key Employees$6,482,068--$6,482,068
Pension Plan Contributions$3,216,737--$3,216,737
Other Employee Benefits$1,556,995$574,054-$2,131,049
Insurance$581,492$52,168-$633,660
Payroll Taxes$537,397$53,149-$590,546
Office Expenses$300,892$62,177-$363,069
Grants to Domestic Orgs$318,643--$318,643
Occupancy$308,790--$308,790
Fees for Services Other$96,743--$96,743
Other Expenses$79,613--$79,613
Fees for Services Accounting-$56,824-$56,824
Fees for Service Investment Mgmnt Fees-$53,040-$53,040
Conferences and Meetings$51,776--$51,776
Fees for Services Legal-$43,097-$43,097
Depreciation Depletion$3,900--$3,900
Advertising-$1,598-$1,598
Travel$125--$125
Total Functional Expenses$31,511,276$2,651,024$0$34,162,300

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$34,162,300
Total Expenses per Audited Statements$34,162,300
Total Expenses per Form 990$34,162,300
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boston Children's HospitalBoston, MA501(c)(3)General Support$318,643
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$211,000$231,000▲ $20,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued deferred compensation$10,619,058
Accrued salaries and benefits$5,278,972
Accrued professional liability$4,062,574
Due to Boston Children's Hospital$2,754,444
Due to Physicians Org. at CH, Inc$182,682
Due to Boston Children's Hospital - Vascular Biology$100,000
Due to Brigham & Women's$33,934
Due to Boston Medical Center$12,833
Due to CHMC Otolaryngologic Foundation, Inc.$8,447
Due to Children's Orthopedic Surgery Foundation, Inc.$2,214
Due to Children's Urological Foundation, Inc.$934
Due to Boston Pediatric Neurosurgical Foundation, Inc.$18
Due to Beth Israel$-1,304
Due to Children's Hospital Pathology Foundation, Inc.$-3,299
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 1

The majority of CHMC Surgical Foundation, Inc.'s (the Foundation's) board members are physicians who are not independent from the Foundation. However, the Foundation is part of an integrated delivery system with Boston Children's Hospital (the Hospital) which does have a community board. The Foundation was organized in 1982. At that time, the board was composed entirely of physicians, a board structure that was approved by the Internal Revenue Service. The Foundation has since adjusted the board structure to make it more responsive to the hospital by adding the Physicians Organization at Children's Hospital, Inc. (the PO) as a member. See Schedule O, Part VI, Questions 3, 6, 7b, and 12 for more details of the PO's rights.

Form 990, Part VI, Section A, line 3

The Physicians Organization at Children's Hospital, Inc. (the PO) is a Class "C" member of CHMC Surgical Foundation, Inc. (the Foundation). The PO is responsible for providing management services to the Foundation. The PO has the power to approve the independent auditor and legal counsel of the Foundation from a list of firms mutually agreed to by the PO and the Foundation. The PO also has the right to review, but not to approve, the annual budgets and by-law changes of the Foundation. Lastly, Boston Children's Hospital has the right to review for compliance with applicable law, the general terms of and any modification to physician compensation and benefit plans for all physician employees of the Foundation.

Form 990, Part VI, Section A, line 6

CHMC Surgical Foundation, Inc. (the Foundation) has three classes of members. The Chief of the Department of Surgery (the Department) of Boston Children's Hospital (the Hospital) is a Class "A" member. Each person who is a member of the Foundation, other than the Chief of the Foundation, who holds a medical staff appointment under the auspices of the Chief Surgeon from Harvard University Medical School, and who is a full time employee at the Hospital, shall be a Class "B" member. In addition, upon the recommendation of the Chief Surgeon and with the approval of the President of the Hospital or his designee, exceptions may be made to permit other physicians who are members of the Department to be Class "B" members. The Physicians Organization at Children's Hospital, Inc. is a Class "C" member of the Foundation.

Form 990, Part VI, Section A, line 7A

According to the Articles of Organization, the Chief of the Department of Surgery (the Department) of Boston Children's Hospital is the Class "A" member of CHMC Surgical Foundation, Inc. (the Foundation). Each person who is a member of the Foundation, other than the Chief of the Department, is a Class "B" member of the Foundation. The Class "A and "B" members of the Foundation elect the Board of Directors from nominees presented by the Executive Committee at their annual meeting. Each member is entitled to one vote upon any question at any meeting of the members.

Form 990, Part VI, Section A, line 7B

The Physicians Organization at Children's Hospital, Inc. (the PO) is a Class "C" member of CHMC Surgical Foundation, Inc. (the Foundation). The PO is responsible for providing management services to the Foundation. The PO has the power to approve the independent auditor and legal counsel of the Foundation from a list of firms mutually agreed to by the PO and the Foundation. The PO also has the right to review, but not to approve, the annual budgets and by-law changes of the Foundation. Lastly, Boston Children's Hospital has the right to review for compliance with applicable laws, the general terms of and any modification to physician compensation and benefit plans for all physician employees of the Foundation. As a Class "C" member of the Foundation, the PO attends the Foundation's annual meeting.

Form 990, Part VI, Section B, line 11B

The detailed review will be conducted by the President of the Foundation, Steven J. Fishman, MD, and the administrator, Todd Katzman. A copy of the Form 990 will be provided to the board prior to filing. The detailed review will be conducted before filing the return with the Internal Revenue Service.

Form 990, Part VI, Section B, line 12C

The Physicians Organization at Children's Hospital, Inc. (the PO) and Boston Children's Hospital (the Hospital) administer an annual conflict of interest disclosure process to all of their member Foundations, which asks physicians (officers, top management, and highly compensated employees) and selected Foundation staff to disclose potential conflicts. A disclosure statement will be circulated annually to members of the PO. The audit committee shall determine those individuals (including medical staff members) who shall be required to complete the disclosure statement. The audit committee, at its discretion, may either: 1) refer any or all disclosure statements to the Board of Directors; 2) appoint an ad hoc committee to review and resolve any conflict of interest issues; or 3) review and resolve any conflict of interest issues personally or through a designee(s). Any person not receiving a disclosure statement nevertheless has an affirmative obligation to disclose to the PO President, PO General Counsel, or his/her supervisor whenever he/she believes he/she has or may have a conflict of interest. Similarly, each person completing a disclosure statement has an affirmative obligation to update the statement any time circumstances change and/or he/she believes that a conflict of interest may exist. In the event a conflict of interest is found to exist, the Foundation prohibits the member from voting on any matter to which the conflict relates or otherwise influencing the voting on such matter.

Form 990, Part VI, Section B, line 15

Faculty compensation must comply with the Boston Children's Hospital (the Hospital) Physician Compensation Guidelines. These guidelines are developed in consultation with an independent external compensation consulting firm and are approved by the independent Compensation Committee of the Board of Children's Medical Center Corporation and the Hospital. The guidelines set the maximum compensation limits based on a peer group analysis for the Foundation. The maximum compensation limits are based on pediatric specialty, sub-specialty, academic rank and include productivity adjustments. Any proposed compensation that exceeds the limits must be prospectively approved by the independent compensation committee of the Board of the Hospital. Annual compensation for individual faculty members is set by the President of the CHMC Surgical Foundation, Inc. (the Foundation), reviewed and approved by the Foundation in accordance with the Foundation's compensation policies and procedures. The Foundation's President's compensation is reviewed and approved annually on a prospective basis by the Boston Children's Hospital President/Chief Executive Officer.

Form 990, Part VI, Section C, line 19

The Foundation maintains all financial records, conflict of interest policies, and governing documents at its main office at 300 Longwood Avenue, Boston, MA 02115. The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
CHMC Surgical Foundation Inc
EIN
04-2767602
Phone
6173554022
Address
300 Longwood Avenue No Fegan3, Boston, MA 02115

Signing Officer

Name
Steven J Fishman MD
Title
President
Phone
6173554022
Signed
2022-07-20
Discuss with paid preparer
No

Organization Details

Principal Officer
Steven J Fishman MD
Formed
1982
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
0
Employees
29
Volunteers
0

Preparer

Firm
Baker Newman & Noyes LLC
Address
280 Fore Street, Portland, ME 04101
Preparer
Nicholas E Porto
Phone
8002447444
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Pension adjustment 6,857,599.

Form 990, Part XII, Line 2C:

The audit process and scope has not changed from the prior year.

Financial Statement Notes

Part V, Line 4:

The endowment funds represent assets held in trust that are available to pay for future benefits to participants for a deferred compensation benefit plan and investments whose use have been restricted by donors to a specific time period and purpose.

Part X, Line 2:

The Foundation is a tax-exempt corporation as described in Section 501(c)(3) of the Internal Revenue Code (the Code), and is exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. In addition, the Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A), and has been classified as an organization that is not a private foundation under Section 509(a)(2). Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items, including unrelated business income or tax status. Management of the Foundation has evaluated the positions taken on the Foundation's filed tax returns and has concluded that no uncertain income tax positions exist at September 30, 2021.

Part XI, Line 2D - Other Adjustments:

Pension adjustment 6,857,599.

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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0Physicians Org at CH Inc
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1196534
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2131556
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3144847
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4232237
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt5209539
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt697239
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt9162418
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10234369
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt11148090
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt12152125
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13138179
IRS990/Form990PartVIISectionAGrp/PersonNm0Steven J Fishman MD
IRS990/Form990PartVIISectionAGrp/PersonNm1Heung Bae Kim MD
IRS990/Form990PartVIISectionAGrp/PersonNm2Terry Buchmiller MD
IRS990/Form990PartVIISectionAGrp/PersonNm3Christopher Weldon MD
IRS990/Form990PartVIISectionAGrp/PersonNm4Biren P Modi MD
IRS990/Form990PartVIISectionAGrp/PersonNm5Brent Weil MD
IRS990/Form990PartVIISectionAGrp/PersonNm6Craig W Lillehei MD
IRS990/Form990PartVIISectionAGrp/PersonNm7Tom Jaksic MD
IRS990/Form990PartVIISectionAGrp/PersonNm8Russell Jennings MD
IRS990/Form990PartVIISectionAGrp/PersonNm9Belinda Hsi Dickie MD
IRS990/Form990PartVIISectionAGrp/PersonNm10Thomas E Hamilton MD
IRS990/Form990PartVIISectionAGrp/PersonNm11Catherine Chen MD
IRS990/Form990PartVIISectionAGrp/PersonNm12Shawn J Rangel MD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt01269530
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1931934
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2965004
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3879193
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4754369
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5718255
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6659144
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9874080
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11830189
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Clerk
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director (10/1/20-12/31/20)
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director (1/1/21-9/30/21)
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Institutional Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Physician
IRS990/Form990PartVIISectionAGrp/TitleTxt10Physician
IRS990/Form990PartVIISectionAGrp/TitleTxt11Physician
IRS990/Form990PartVIISectionAGrp/TitleTxt12Physician
IRS990/Form990PartVIISectionAGrp/TitleTxt13Physician
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IRS990/Form990TFiledInd01
IRS990/FormationYr01982
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
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IRS990/GainOrLossGrp/SecuritiesAmt0442914
IRS990/GamingActivitiesInd00
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IRS990/InsuranceGrp/TotalAmt0633660
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Foundation provides surgical 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 surgery by teaching (see Schedule O) students and other medical and scientific personnel. The Foundation also provides care for patients regardless of their ability to pay.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt043790997
IRS990/NetAssetsOrFundBalancesEOYAmt065905376
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0442914
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0442914
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt08353451
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt039316721
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt059655232
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0308790
IRS990/OccupancyGrp/TotalAmt0308790
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt062177
IRS990/OfficeExpensesGrp/ProgramServicesAmt0300892
IRS990/OfficeExpensesGrp/TotalAmt0363069
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07752282
IRS990/OtherAssetsTotalGrp/EOYAmt010110385
IRS990/OtherChangesInNetAssetsAmt06857599
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0574054
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01556995
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02131049
IRS990/OtherExpensesGrp/Desc0PO management services
IRS990/OtherExpensesGrp/Desc1Billing and collection
IRS990/OtherExpensesGrp/Desc2Coordinated Specialty P
IRS990/OtherExpensesGrp/Desc3Research expenses
IRS990/OtherExpensesGrp/ProgramServicesAmt0774532
IRS990/OtherExpensesGrp/ProgramServicesAmt1631777
IRS990/OtherExpensesGrp/ProgramServicesAmt2131649
IRS990/OtherExpensesGrp/ProgramServicesAmt379613
IRS990/OtherExpensesGrp/TotalAmt0774532
IRS990/OtherExpensesGrp/TotalAmt1631777
IRS990/OtherExpensesGrp/TotalAmt2131649
IRS990/OtherExpensesGrp/TotalAmt379613
IRS990/OtherLiabilitiesGrp/BOYAmt026774906
IRS990/OtherLiabilitiesGrp/EOYAmt023051507
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Non-operating pension gains
IRS990/OtherRevenueMiscGrp/ExclusionAmt01033335
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01033335
IRS990/OtherRevenueTotalAmt01033335
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01754917
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt016438147
IRS990/OtherSalariesAndWagesGrp/TotalAmt018193064
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0360999
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0388666
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt053149
IRS990/PayrollTaxesGrp/ProgramServicesAmt0537397
IRS990/PayrollTaxesGrp/TotalAmt0590546
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03216737
IRS990/PensionPlanContributionsGrp/TotalAmt03216737
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt055397
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt087687
IRS990/PrincipalOfficerNm0Steven J Fishman MD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0621300
IRS990/ProgramServiceRevenueGrp/BusinessCd1621300
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0Patient service revenue
IRS990/ProgramServiceRevenueGrp/Desc1Clinical and other revenue
IRS990/ProgramServiceRevenueGrp/Desc2Education and research
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt031313857
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13538992
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2692627
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt031313857
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13538992
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2692627
IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation receives income from Boston Children's Hospital for providing administration, supervision, and teaching services. The Foundation carries on and promotes basic and applied medical research and education in the field of surgery by teaching students and other medical and scientific personnel; by providing or supplementing income to research personnel through fellowships, research grants, and stipends; and by giving lectures and publishing information concerning problems and research results in the field of pediatric surgery in order to educate the general public and the medical profession.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0630226
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0692627
IRS990/ProgSrvcAccomActy3Grp/Desc0The Foundation provides clinical services in certain clinics and satellite locations of Boston Children's Hospital (the Hospital) at agreed upon rates for reimbursement.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02836015
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt03538991
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0714591
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt037613
IRS990/PYInvestmentIncomeAmt0880141
IRS990/PYOtherExpensesAmt04109603
IRS990/PYOtherRevenueAmt01096463
IRS990/PYProgramServiceRevenueAmt029249164
IRS990/PYRevenuesLessExpensesAmt03693690
IRS990/PYSalariesCompEmpBnftPaidAmt024099453
IRS990/PYTotalExpensesAmt028246669
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt031940359
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0211000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0231000
IRS990/ReconcilationRevenueExpnssAmt06903329
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0294712
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt031313858
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0358636
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0149669
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Insurance rebate - 2017 Amount: $ 322,077. 2019 Amount: $ 284,139. Non-operating pension gains - 2019 Amount: $ 812,324. 2020 Amount: $ 1,033,335.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03623459
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0714591
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03347679
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt075977
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0128125
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt07889831
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0420302
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0478371
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0470035
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0432320
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0394620
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02195648
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt035545476
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt029249164
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt030861882
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt030747466
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt029156776
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0155560764
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0420302
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0478371
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0470035

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$107$35.2$71.6$49.5$47.6$1.90
2023Detailed filing. Detailed filing data is available for this year.$95.4$23.3$72.1$59.9$42.4$17.5
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.3$20.9$62.3$34.0$30.6$3.36
2021Detailed filing. Detailed filing data is available for this year.$91.4$25.5$65.9$41.1$34.2$6.90
2020Detailed filing. Detailed filing data is available for this year.$73.4$29.6$43.8$31.9$28.2$3.69
2019Detailed filing. Detailed filing data is available for this year.$63.0$23.9$39.2$35.1$27.7$7.32
2018Detailed filing. Detailed filing data is available for this year.$57.1$20.4$36.7$31.8$28.0$3.81
2017Detailed filing. Detailed filing data is available for this year.$51.9$22.2$29.6$29.7$34.5$4.81
2016Summary only. Only limited summary data is available for this year.$49.4$21.6$27.8$27.9$28.3$0.36
2015Summary only. Only limited summary data is available for this year.$46.7$20.0$26.7$25.6$24.6$0.96
2014Summary only. Only limited summary data is available for this year.$47.6$16.5$31.1$25.4$24.6$0.84
2013Summary only. Only limited summary data is available for this year.$43.0$9.21$33.8$22.0$22.5$0.53
2012Summary only. Only limited summary data is available for this year.$38.5$11.3$27.1$21.3$22.7$1.34
2011Summary only. Only limited summary data is available for this year.$36.6$8.24$28.4$23.1$23.1$0.03