Civic Intelligence

Children'S Health Care

EIN 41-1754276 • 501(c)3 • Minneapolis, MN

Profile

Children's Hospitals and Clinics of Minnesota champions the special health needs of children and their families. We are committed to improving children's health by providing family centered pediatric services. We advance these efforts through research and education.

2525 Chicago Avenue SouthMinneapolis, MN 55404-1844

www.childrensmn.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.25x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.40x

Higher debt load relative to revenue than 33% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Net Margin

46th percentile

5.1%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

26th percentile

2.2%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

6.0%

Faster revenue growth than 36% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,890,955,620

Up $41,537,878 (+2.2%) from 2023

Liabilities

Down

$480,106,016

Down $53,562,644 (-10%) from 2023

Net Assets

Up

$1,410,849,604

Up $95,100,522 (+7.2%) from 2023

Revenue

Up

$1,206,394,087

Up $67,933,067 (+6.0%) from 2023

Expenses

Up

$1,145,365,669

Up $21,224,123 (+1.9%) from 2023

Net Income

Up

$61,028,418

Up $46,708,944 (+326%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0B$1.5B$1.0B$500M$0Assets 2010: $916,808,405Liabilities 2010: $416,355,035Net Assets 2010: $500,453,3702010Assets 2011: $931,983,450Liabilities 2011: $426,913,792Net Assets 2011: $505,069,6582011Assets 2012: $989,666,159Liabilities 2012: $416,015,398Net Assets 2012: $573,650,7612012Assets 2013: $1,063,789,712Liabilities 2013: $406,887,812Net Assets 2013: $656,901,9002013Assets 2014: $1,127,600,949Liabilities 2014: $423,655,332Net Assets 2014: $703,945,6172014Assets 2015: $1,136,462,629Liabilities 2015: $387,458,232Net Assets 2015: $749,004,3972015Assets 2016: $1,217,253,842Liabilities 2016: $387,129,955Net Assets 2016: $830,123,8872016Assets 2017: $1,312,673,145Liabilities 2017: $384,464,842Net Assets 2017: $928,208,3032017Assets 2018: $1,352,722,146Liabilities 2018: $368,768,842Net Assets 2018: $983,953,3042018Assets 2019: $1,501,437,326Liabilities 2019: $400,104,070Net Assets 2019: $1,101,333,2562019Assets 2020: $1,663,546,137Liabilities 2020: $524,871,386Net Assets 2020: $1,138,674,7512020Assets 2021: $1,842,770,159Liabilities 2021: $538,709,090Net Assets 2021: $1,304,061,0692021Assets 2022: $1,731,037,973Liabilities 2022: $504,683,787Net Assets 2022: $1,226,354,1862022Assets 2023: $1,849,417,742Liabilities 2023: $533,668,660Net Assets 2023: $1,315,749,0822023Assets 2024: $1,890,955,620Liabilities 2024: $480,106,016Net Assets 2024: $1,410,849,6042024

Highlighted filing

2024

Assets$1,890,955,620
Liabilities$480,106,016
Net Assets$1,410,849,604

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5B$1.0B$500M$0-$500MExpenses 2010: $559,670,3682010Expenses 2011: $580,855,4752011Revenue 2012: $650,231,438Expenses 2012: $608,641,128Net Income 2012: $41,590,3102012Revenue 2013: $702,385,154Expenses 2013: $648,198,651Net Income 2013: $54,186,5032013Revenue 2014: $768,021,178Expenses 2014: $710,870,916Net Income 2014: $57,150,2622014Revenue 2015: $801,526,558Expenses 2015: $728,238,891Net Income 2015: $73,287,6672015Revenue 2016: $843,622,418Expenses 2016: $787,865,403Net Income 2016: $55,757,0152016Revenue 2017: $909,035,627Expenses 2017: $823,165,552Net Income 2017: $85,870,0752017Revenue 2018: $954,151,481Expenses 2018: $869,048,377Net Income 2018: $85,103,1042018Revenue 2019: $979,158,426Expenses 2019: $911,764,576Net Income 2019: $67,393,8502019Revenue 2020: $867,625,507Expenses 2020: $872,835,125Net Income 2020: -$5,209,6182020Revenue 2021: $1,074,349,138Expenses 2021: $940,528,861Net Income 2021: $133,820,2772021Revenue 2022: $1,057,316,128Expenses 2022: $1,019,682,232Net Income 2022: $37,633,8962022Revenue 2023: $1,138,461,020Expenses 2023: $1,124,141,546Net Income 2023: $14,319,4742023Revenue 2024: $1,206,394,087Expenses 2024: $1,145,365,669Net Income 2024: $61,028,4182024

Highlighted filing

2024

Revenue$1,206,394,087
Expenses$1,145,365,669
Net Income$61,028,418

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,891$480$1,411$1,206$1,145$61.0
2023Summary only. Only limited summary data is available for this year.$1,849$534$1,316$1,138$1,124$14.3
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,731$505$1,226$1,057$1,020$37.6
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,843$539$1,304$1,074$941$134
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,664$525$1,139$868$873$5.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,501$400$1,101$979$912$67.4
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,353$369$984$954$869$85.1
2017Summary only. Only limited summary data is available for this year.$1,313$384$928$909$823$85.9
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,217$387$830$844$788$55.8
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,136$387$749$802$728$73.3
2014Detailed filing. Detailed filing data is available for this year.$1,128$424$704$768$711$57.2
2013Summary only. Only limited summary data is available for this year.$1,064$407$657$702$648$54.2
2012Summary only. Only limited summary data is available for this year.$990$416$574$650$609$41.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$932$427$505$581
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$917$416$500$560
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$2,237,783,315
Mission and Program Overview

Mission

Children's hospitals and clinics of minnesota champions the special health needs of children and their families. We are committed to improving children's health by providing family centered pediatric services. We advance these efforts through research and education.

Children's hospitals and clinics of mn champions the special needs of children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$518,145,255$589,119,061▲ $70,973,806
Investments Other Securities$536,032,484$531,757,775▼ $4,274,709
Land, Buildings, and Equipment, Net$295,467,665$292,853,327▼ $2,614,338
Accounts Receivable$205,809,526$226,787,532▲ $20,978,006
Investments Program Related$40,107,634$41,448,939▲ $1,341,305
Prepaid Expenses and Deferred Charges$22,007,201$20,552,824▼ $1,454,377
Inventories for Sale or Use$11,623,839$11,060,188▼ $563,651
Savings and Temporary Cash Investments$177,455$8,812,863▲ $8,635,408
Pledges and Grants Receivable$2,148,678$1,905,731▼ $242,947
Cash and Non-Interest-Bearing Accounts$58,106,682$37,902▼ $58,068,780
Total Assets$1,849,417,742$1,890,955,620▲ $41,537,878
Other Assets Total$159,791,323$166,619,478▲ $6,828,155
Liabilities
Mortgage Notes Payable Secured by Investment Property$217,084,001$211,266,301▼ $5,817,700
Accounts Payable and Accrued Expenses$168,976,899$122,210,825▼ $46,766,074
Tax Exempt Bond Liabilities$77,115,614$74,661,747▼ $2,453,867
Other Liabilities$69,627,476$71,166,766▲ $1,539,290
Deferred Revenue$864,670$800,377▼ $64,293
Total Liabilities$533,668,660$480,106,016▼ $53,562,644
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,227,151,487$1,316,830,058▲ $89,678,571
Net Assets With Donor Restrictions$88,597,595$94,019,546▲ $5,421,951
Total Net Assets Fund Balance$1,315,749,082$1,410,849,604▲ $95,100,522
Total Liabilities and Net Assets / Fund Balance$1,849,417,742$1,890,955,620▲ $41,537,878

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$175,880,346$302,955,532$478,835,878
Equipment$74,731,061$313,580,659$388,311,720
Land$29,998,932-$29,998,932
Leasehold Improvements$12,242,988$12,937,843$25,180,831
Other Land Buildings$0$5,422,638$5,422,638
Other Assets Org$19,715,817--
Other Securities$531,757,775--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$190,725,414$2,580,670▲ $17,507,224-$200,486,823
2023$176,306,661$485,371▲ $21,139,096-$190,725,414
2022$203,877,914$905,579▼ $21,107,044-$176,306,661
2021$181,082,325$2,426,002▲ $27,004,317-$203,877,914
2020$171,993,171$186,678▲ $14,916,660-$181,082,325
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marc Gorelick MdPresident and CEOFT$1,266,260$2,889,810$4,156,070
Meysam Kebriaei MdSurgical Dir, Peds NeurosurgeonFT$996,394$186,047$1,182,441
Kyle Halvorson MdStaff PhysicianFT$949,956$180,007$1,129,963
Emily Chapman MdSVP Medical Affairs & CMOFT$704,255$302,828$1,007,083
Brenda MccormickSVP & CFOFT$710,574$285,032$995,606
Andrea Lampland MdMedical Director NeonatologyFT$693,128$173,363$866,491
Amy Bruzek MdStaff PhysicianFT$788,637$64,344$852,981
William Mize MdM.d. Radiology, Board MemberFT$540,511$236,361$776,872
Brianne Roby MdStaff PhysicianFT$487,534$260,282$747,816
Andrew PughBoard Secretary & SVP CLOFT$498,578$208,792$707,370
Jennifer Olson MarketFormer SVP & COO-$694,568$694,568$694,568
Caroline NjauSVP Patient Care Svcs & CNOFT$480,956$185,476$666,432
David LundalSVP CIOFT$471,746$151,123$622,869
Laurin CatheySVP & ChroFT$449,296$137,168$586,464
Susan Sencer MdVP Chief of Speciality PedsFT$391,419$193,852$585,271
Anupam Kharbanda MdClinical VP, Chief of Critical CareFT$397,432$140,261$537,693
Timothy Lander MdClinical VP, Chief of SurgeryFT$385,996$146,986$532,982
Pamela Gigi Chawla MdVP Chief of General PedsFT$292,626$165,271$457,897
James BurroughsSVP Govt & Comm Relations/ceioFT$326,260$97,038$423,298
Monica SchillerVP Ambulatory ServicesFT$249,804$113,763$363,567
Susan SlocumChief Investment OfficerFT$275,830$64,171$340,001
James LesteVP Operations, Thru July 2024FT$194,785$118,800$313,585
Andrew BerndtVP Clinical ServicesFT$207,490$70,686$278,176
Jenny SoderholmFoundation PresidentPT$226,392$452,685$226,392
Brenda BeckwithVP Clinical ServicesFT$136,627$82,062$218,689

Board Members and Trustees

NameTitle
Jj KuhnBoard Member, Chair
Archelle GeorgiouBoard Member, Vice Chair
Anna RichoBoard Member
Brooke MooreBoard Member
Chris HedbergBoard Member
Damu MccoyBoard Member
Garfield BowenBoard Member
J Kevin CrostonBoard Member
Jean KaneBoard Member
Jim LeslieBoard Member
Linda HallBoard Member
Matt Van SlootenBoard Member
Rebecca LiebermanBoard Member
Shelley Carthen WatsonBoard Member
Thomas GoodmansonBoard Member
Jeff Von GillernBoard Member, Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Children's Heart Clinic PaPhysician Services2530 CHICAGO AVE S SUITE 500, Minneapolis, MN 55404$17,927,630
OracleHardware/softwarePO BOX 203448, Dallas, TX 75320$10,857,032
Medical Staffing Solutions INCNurse StaffingPO BOX 101, Rice Lake, WI 54868$9,807,959
Pediatric Surgical Assoc LtdPhysician Services2530 CHICAGO AVE SUITE 550, Minneapolis, MN 55404$4,137,181
Sodexo INCFood ServicesPO BOX 360170, Pitssburgh, PA 15251$4,097,359
Revenue and Support

Revenue Composition

Contributions and Grants
$35,110,663
Program Service Revenue
$1,098,084,806
Investment Income
$72,572,936
Other Revenue
$625,682
Change in Net Assets
$61,028,418

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$784,926Cost/selling Price
Food Inventory59$44,042Cost/selling Price
Books and Publications-$42,843Cost/selling Price
Other Non Cash Contri Table4$2,375Cost/selling Price
Total Noncash Contributions63$874,186-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$673,958,595
Other Expenses$456,837,813
Grants and Similar Amounts Paid$14,569,261
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$465,787,502$61,461,594-$527,249,096
Fees for Services Other$91,205,370$15,802,373-$107,007,743
Other Employee Benefits$66,436,704$9,696,292-$76,132,996
All Other Expenses$38,527,196$4,606,304-$43,133,500
Payroll Taxes$32,421,680$3,466,410-$35,888,090
Depreciation Depletion$23,650,976$11,860,617-$35,511,593
Pension Plan Contributions$33,557,778$1,130,635-$34,688,413
Information Technology-$25,869,289-$25,869,289
Occupancy$14,469,205$2,422,901-$16,892,106
Other Expenses$15,734,365$944,744-$16,679,109
Grants to Domestic Individuals$14,148,756--$14,148,756
Interest$10,992,204$398,621-$11,390,825
Office Expenses$9,452,506$641,177-$10,093,683
Fees for Service Investment Mgmnt Fees$8,700,275--$8,700,275
Advertising$191,435$4,432,984-$4,624,419
Insurance$3,542,334$39,511-$3,581,845
Fees for Services Management$2,670,956$445,046-$3,116,002
Conferences and Meetings$2,638,339$121,044-$2,759,383
Travel$1,293,604$290,024-$1,583,628
Fees for Services Accounting$260,000$573,206-$833,206
Fees for Services Legal$5,388$682,522-$687,910
Grants to Domestic Orgs$420,505--$420,505
Fees for Services Lobbying-$242,443-$242,443
Total Functional Expenses$1,000,237,932$145,127,737$0$1,145,365,669
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Queerspace CollectiveMinneapolis, MN501(c)(3)Health Education and Outreach$67,500
Childrens Dental ServicesMinneapolis, MN501(c)(3)Grant to Expand Dental Access$62,500
Vietnamese Social Services of MnSt Paul, MN501(c)(3)Improving Health Outcomes for Vietnamese$62,500
Greater MspSt Paul, MN-Minnesota Racial Equite Coalition$40,000
Minnesota Zoo FoundationApple Valley, MN501(c)(3)Nature Wellness Day$25,000
Rae Mackenzie Group IncMinneapolis, MN501(c)(3)Color Career Fair & Celebrate Sistas$19,000
Childrens Mn FoundationEdina, MN501(c)(3)Gala Sponsorship and Memorial$15,800
State of MinnesotaSt Paul, MN501(c)(3)State of Minnesota Mlk Celebration$15,000
Hemophilia Fdtn of Mn and DakotasMendota Heights, MN501(c)(3)Various Sponsorships$12,000
Rondald Mcdonald HouseMinneapolis, MNGovGolf Classic, Brew Love, Gala Sponsorship$11,000
Wilsons Image College ScholarshipMinneapolis, MN501(c)(3)Live Your Healthy Lyfe Event$10,000
Childrens Theatre CompanyMinneapolis, MN501(c)(3)Curtain Call Ball Sponsorship$8,500
Childrens Hospital AssociationSt Paul, MN501(c)(3)Convo With a Twist Sponsorship$6,000

International Summary

Offices
0
Employees
0
Spending
$108,702,313

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsN/a--$76,524,575
Central America and the CaribbeanInvestmentsN/a--$21,096,331
Europe (including Iceland and Greenland)InvestmentsN/a--$10,744,395
Central America and the CaribbeanProgram ServicesSelf Insurance--$337,012
--N/a---
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$27,638,388
Intercompany Payable$20,947,145
Mn Care Tax Payable$7,467,669
Executive Benefits Liability$5,791,034
Long Term Deferred Revenue$4,983,088
Post-retirement Benefits$2,655,538
Workers Comp Liability$1,604,955
Other$78,950

Bond Issues

BondIssuerIssuedIssue PricePurpose
A2020a - See Part Vi2020-10-23$84,560,000Refunding of healthcare revenue bonds 2007a

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$84,560,000$84,560,000$4,585,000-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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
No
Management duties delegated
No

Governance Explanations

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

Children's senior management reviews the draft form 990 with the audit and compliance committee of the governing body prior to filing of the form. This review includes an overview of the form and discussion related to key sections. Copies of the final form 990 are made available to members of the committee and all directors prior to the form being filed. The audit and compliance committee has been delegated the authority to oversee the completion and filing of the form 990 by the full board, and the committee reports the results of its review and approval to the full board at a regularly scheduled board meeting.

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

Management of children's ensure that conflict of interest disclosure forms are completed by all members of the governing body and board committees at least annually. Forms are completed at the beginning of the year, and directors and committee members are instructed to provide additional disclosures if necessary during the course of the year. The governance committee of the governing body, along with senior management (ceo and general counsel) review all disclosures provided by governing board members. The results of this review and any concerns, limitations, etc., are reported by the governance committee to the full board. If conflicts are identified, the governance committee and management work to ensure that directors do not participate in discussion or voting on the affected matter.

Form 990, Part VI, Section B, Line 15

Children's follows the requirements set forth in the irs rebuttable presumption of reasonableness in determining compensation for the ceo and other officers and executive leaders of children's. This function is performed by the compensation committee of the governing board, which is composed of only independent directors. The process includes review of comparability data, retention of an outside compensation consultant and contemporaneous substantiation of the deliberation and decision through detailed minutes of the compensation committee and full board meetings where executive compensation is considered.

Form 990, Part VI, Section C, Line 19

Children's makes financial statement information public through a summary of financial performance in its annual report. In addition, financial statements are provided publicly through digital assurance certification, a dissemination agent, who therefore make this information publicly available. Children's governing documents and conflict of interest policy are not available to the public.

FORM 990, PART VI, LINE 16A:

Currently children's does not have any joint ventures with a taxable entity that are mission related or joint ventures that are not mission related. Within the context of their investment portfolio, the organization has invested in a number of limited partnership opportunities.

Filing and Contact Details

Filer

Filer Name
CHILDREN'S HEALTH CARE
EIN
41-1754276
Phone
6128136000
Address
2525 CHICAGO AVENUE SOUTH, MINNEAPOLIS, MN 55404-1844
Doing Business As
CHILDREN'S HOSPITALS & CLINICS OF MN

Signing Officer

Name
Brenda Mccormick
Title
SVP & CFO
Phone
6128136000
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenda Mccormick
Formed
1995
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
16
Employees
6,926
Volunteers
345

Preparer

Firm
Kpmg Llp
Address
350 NORTH 5TH ST STE 600, MINNEAPOLIS, MN 55401
Preparer
Holly K Moen
Phone
6123055000
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4A:

Program service accomplishments: u.s. News & world report has named children's as one of the top 50 pediatric facilities across the us. Our mayo clinic & children's collaborative ranked 40th in cardiology and heart surgery program. Our nephrology program, in partnership with masonic children's hospital, ranked 48th. And our pulmonology program ranked 48th. In 2021, mpls.stpaul magazine recoginized 168 of children's minnesota phyisicans as top doctors. The 25th edition of the list includes 816 local physicians from across the twin cities in 46 specialties. Are minnesota's largest provider of care to children with complex surgical conditions, heart disease, cancer, diabetes, and extreme pre-maturity. In 2023, children's cared for 14,510 inpatient admissions representing 105,938 patient days, performed 19,339 surgical cases, treated 85,200 emergency room visits and cared for 389,372 outpatient clinic visits, many of which provided to inner city minneapolis and st. Paul residents. Children's continues to serve a diverse population with 120,522 family encounters for language interpretation in 72 different languages. Children's considers certain major programs as destination programs, which are sought out due to their high quality outcomes. These programs meet rigorous criteria for excellence, including outstanding use of evidence-based practices, clinical research, and advanced technologies. - cardiovascular - children's pediatric cardiovascular program is one of the largest in the region with some of the most impressive outcomes in the u.s. Team members care for thousands of the region's sickest children with heart conditions, including fetuses, newborns, infants, children, adolescents, and adult, long-term patients with pediatric cardiovascular conditions. - neonatal intensive care & special care nursery - children's specializes in caring for multiples, babies with congenital anomalies, very premature and very low birth weight babies, and infants born with other complex diagnoses. We offer exceptional tertiary and quaternary care for babies, with survival outcomes among the best in the world. Children's neonatal program is one of the nation's largest programs with 196 staffed beds and more than 42,500 patient days. Our neonatal team includes highly-trained and experienced professionals from a full spectrum of medical specialties. We have our mother baby center at abbott & children's minneapolis and in 2015 we opened our second and third mother baby centers at mercy hospital in coon rapids and united hospital and children's - st. Paul. - hematology/oncology - the hematology/oncology program at children's is the largest in the upper midwest with treatment outcomes that consistently rank children's as one of the top ten programs in the u.s. In our nationally unique model, your child's or teen's care is spearheaded and coordinated by a board-certified hematologist/oncologist, who leads a highly experienced team of multidisciplinary professionals. - cystic fibrosis - the cystic fibrosis (cf) center at children's of minnesota diagnoses and treats children in all stages of cf. Our dedication to family-centered care and education helps children and their families learn to live with cf. Care at children's for patients with cf ranks among the top 10 programs nationally in key outcomes measured by the national cystic fibrosis registry. Children's provides a continuum of care through coordinated inpatient and outpatient services, from diagnosis through long-term follow-up. The cystic fibrosis center of children's provides state-of-the art comprehensive care for children with cf. - diabetes/endocrinology - the mcneely pediatric diabetes center is the only diabetes center in the region to specialize in working solely with children and teens. The staff provides expert health care to help maintain a child's targeted blood sugar ranges. Most children seen in the diabetes center have type 1 diabetes. A small but growing number have type 2. In addi

FORM 990, PART III, LINE 4B:

Program service accomplishments: the rotations were performed in children's emergency department, inpatient medical/surgical, picu and neonatal inpatient care units, surgery and anesthesia, ent surgery, urology, and subspecialty clinics. In addition, children's offered 71 continuing medical education courses, and produced 216 peer reviewed publications. Cultivating medical leaders ensures that we continue our mission - championing the special health needs of children and their families. 2) education and training of health care and other providers of services to children: i) the midwest regional children's advocacy center at children's is a leader in improving the care of abused and neglected children whose goal is to improve services for abused children in local communities throughout the region. The center offers information, consultation, technical assistance, and training to physicians, nurses, and non-medical members of community child abuse teams, including law enforcement personnel, attorneys and child protection workers. Ii) recognized, as the nation's leader in palliative care education, children's institute for palliative care (cipc) developed a model for a regional training and consultation center. Cipc develops and leads training seminars using recognized curriculum for pediatric palliative care, provides hospital-based consultation to children who are in need of hospice or palliative care while they are hospitalized, offers a regional 24/7 telephone consultation program providing education, support, and guidance to families and professional providers, and serves as a resource center for pediatric palliative care. Iii) the emergency medical services for children (emsc) resource center housed at children's creates awareness regarding the special needs of children in emergency medical situations. Emsc educational programs are designed to train pre-hospital personnel, first responders, physicians, nurses, and school nurses in the unique needs of infants and children in emergency situations. The emsc resource center also provides technical assistance, participates in statewide pediatric emergency/disaster preparedness planning, develops and disseminates pediatric emergency are guidelines, and conducts mortality reviews and research. Education and employment - because disparities in child health are so closely associated with low educational attainment and poor job skills, children's is engaged in several key community partnerships to improve educational success and earning potential among youth and adults. Examples include the roosevelt high school and cristo rey jesuit high school health careers program that provides students interested in health care careers the opportunity to receive health care specific education and obtain internships with health care organizations, the achieve minneapolis/step-up summer jobs program that places youth in supervised summer internships at participating companies and organizations, and a partnership with project for pride in living that recognizes that a healthy, sustainable community requires residents with well-paying jobs.

FORM 990, PART III, LINE 4C:

Program service accomplishments: we continue to participate in multiple prestigious national collaborations and clinical trials. We are also generating landmark investigator-initiated research, aimed at novel ways to deliver life-saving treatments, manage pain and symptoms and develop new methods for preventing or treating childhood diseases. Every day, children's researchers express their commitment to building better outcomes for our children. These outcomes will have both immediate and lasting impact for children receiving state of the science care at our specialty centers. Children with cardiac disease, cancer, genetic and blood disorders, diabetes, cystic fibrosis, and other life-impacting conditions all have benefited from research at children's. The vision and strategic innovation of our research leaders have brought us to impressive milestones in the past year. We continue to take steps toward advancing our research and committed to thriving into the future with our children and families.

FORM 990, PART XI, LINE 9:

Rsvp retirement plan-related changes 290,845. Change in value of interest rate swap valuation 1,444,798. Change in perpetual trusts and other 4,864,378.

Financial Statement Notes

PART V, LINE 4:

Effective november 1, 2016, the children's board of directors designated $100 million of unrestricted investments for endowment to support programs at children's health care. The majority of permanent endowment funds are held by children's health care foundation, a related organization. The intended use of the funds is to support the programs at children's health care. There are also two endowment funds that are held and administered by us bank, an unrelated organization, which are also used to support the programs at children's health care. Refer to part iii, line 4 for a description of the programs of children's health care.

PART X, LINE 2:

The irs has determined that children's and its subsidiaries are exempt organizations as described in section 501(c)(3) of the irc. Children's believes that it continues to meet the requirements of the irc to sustain its tax-exempt status. In accordance with asc subtopic 740-10, income taxes overall, children s recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Management determined there were no material income tax positions for the years ended december 31, 2024 or 2023. Children's is not subject to an income tax examination for years before 2021.

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IRS990/Form990PartVIISectionAGrp/PersonNm1BRENDA MCCORMICK
IRS990/Form990PartVIISectionAGrp/PersonNm2ANDREW PUGH
IRS990/Form990PartVIISectionAGrp/PersonNm3WILLIAM MIZE MD
IRS990/Form990PartVIISectionAGrp/PersonNm4LINDA HALL
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IRS990/Form990PartVIISectionAGrp/PersonNm6JJ KUHN
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IRS990/Form990PartVIISectionAGrp/PersonNm19J KEVIN CROSTON
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IRS990/Form990PartVIISectionAGrp/PersonNm39BRIANNE ROBY MD
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