Franciscan Hospital For Children Inc
- Assets
- $93.0m
- Revenue
- $89.2m
- Investments
- $0.0
- Employees
- 914
- Location
- Brighton, MA
- Founding
- 03/1946
- Data as of
- 09/2022
- EIN
- 04-2156082
Organization Overview
Franciscan Hospital For Children Inc is located in Brighton, MA. The organization was established in 1946. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2022, Franciscan Hospital For Children Inc employed 914 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Franciscan Hospital For Children Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Franciscan Hospital For Children Inc generated $89.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $76.6m during the year ending 09/2022. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION'S MISSION TO PROVIDE A COMPASSIONATE AND POSITIVE ENVIRONMENT WHERE CHILDREN WITH MEDICAL, MENTAL HEALTH AND EDUCATIONAL NEEDS RECEIVE SPECIALIZED CARE FROM PEOPLE WHO ARE COMMITTED TO EXCELLENCE, INNOVATION AND FAMILY SUPPORT. SO THAT CHILDREN CAN REACH THEIR FULLEST POTENTIAL AND LIVE THEIR BEST LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT SERVICES: DELIVERY OF MEDICAL, MENTAL HEALTH, EDUCATIONAL AND OTHER SERVICES TO A SPECIAL NEEDS PEDIATRIC POPULATION IN EASTERN MASSACHUSETTS. FRANCISCAN CHILDREN'S HOSPITAL HAD 656 ADMISSIONS AND 25,165 PATIENT DAYS DURING FY 2022.
OUTPATIENT SERVICES: DELIVERY OF MEDICAL, MENTAL HEALTH, EDUCATIONAL AND OTHER SERVICES TO A SPECIAL NEEDS PEDIATRIC POPULATION IN EASTERN MASSACHUSETTS. FRANCISCAN CHILDREN'S HOSPITAL HAD 26,558 CLINICAL OUTPATIENT,REHABILITATION, BEHAVIORAL AND SURGICAL VISITS DURING FY 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Nash CEO | 40 | $739,103 | |
Jane O'brien Chief Med Of | Officer | 40 | $366,406 |
Bob Crosby Sr. VP & CFO | Officer | 40 | $342,632 |
Kimberley W Lubin VP Developme | Officer | 40 | $316,176 |
Catherine Miller Physician | 40 | $332,465 | |
Elisabeth G Schainker Associate Cm | 40 | $314,986 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mclean Hospital Management Serv | 9/29/22 | $3,573,479 |
Ntt Data Services Data Managment | 9/29/22 | $669,130 |
Fortium Partners Prof. Services | 9/29/22 | $422,977 |
Huron Consulting Service Consulting | 9/29/22 | $391,515 |
Spencer Stuart Physician Servi | 9/29/22 | $325,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $568,186 |
| Related organizations | $0 |
| Government grants | $9,398,331 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,450,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,416,559 |
| Total Program Service Revenue | $66,294,833 |
| Investment income | -$914,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$148,072 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,174,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,868,055 |
| Compensation of current officers, directors, key employees. | $2,498,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,900,013 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,299,965 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,382,630 |
| Fees for services: Legal | $562,739 |
| Fees for services: Accounting | $230,660 |
| Fees for services: Lobbying | $100,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,712,540 |
| Advertising and promotion | $126,910 |
| Office expenses | $1,522,637 |
| Information technology | $2,050,434 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,378 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $337,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,680,644 |
| Insurance | $505,344 |
| All other expenses | $1,820,425 |
| Total functional expenses | $76,648,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,535,401 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,968,922 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,595,615 |
| Inventories for sale or use | $560,091 |
| Prepaid expenses and deferred charges | $451,417 |
| Net Land, buildings, and equipment | $31,320,719 |
| Investments—publicly traded securities | $36,080,718 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,518,906 |
| Total assets | $93,031,789 |
| Accounts payable and accrued expenses | $9,723,615 |
| Grants payable | $0 |
| Deferred revenue | $1,143,480 |
| Tax-exempt bond liabilities | $12,189,989 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $398,480 |
| Total liabilities | $23,455,564 |
| Net assets without donor restrictions | $41,715,051 |
| Net assets with donor restrictions | $27,861,174 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $93,031,789 |