Childrens Sport Medicine Foundation Inc
- Assets
- $54.6m
- Revenue
- $30.3m
- Investments
- $40.7m
- Employees
- 22
- Location
- Boston, MA
- Founding
- 11/1989
- Data as of
- 09/2021
- EIN
- 04-2970129
Organization Overview
Childrens Sport Medicine Foundation Inc is located in Boston, MA. The organization was established in 1989. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 09/2021, Childrens Sport Medicine Foundation Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Sport Medicine Foundation 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 09/2021, Childrens Sport Medicine Foundation Inc generated $30.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $27.6m during the year ending 09/2021. While expenses have increased by 2.7% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES SPORTS INJURY RELATED ORTHOPAEDIC SURGERY SERVICES (SEE SCHEDULE O) PRIMARILY TO PATIENTS AT BOSTON CHILDREN'S HOSPITAL AND AT SATELLITE LOCATIONS. THE FOUNDATION ALSO PROVIDES CARE FOR PATIENTS REGARDLESS OF THEIR ABILITY TO PAY, AS WELL AS PROVIDING COMMUNITY BASED SERVICES.
Describe the Organization's Program Activity:
THE FOUNDATION PROVIDES SPORTS RELATED INJURY AND ORTHOPAEDIC SURGERY SERVICES PRIMARILY TO PATIENTS AT BOSTON CHILDREN'S HOSPITAL, AND AT SATELLITE LOCATIONS. THE FOUNDATION CARRIES ON AND PROMOTES BASIC AND APPLIED MEDICAL RESEARCH AND EDUCATION IN THE FIELD OF SPORTS RELATED INJURIES BY TEACHING STUDENTS AND OTHER MEDICAL AND SCIENTIFIC PERSONNEL. ADDITIONALLY, THE FOUNDATION GIVES LECTURES AND PUBLISHES INFORMATION CONCERNING PROBLEMS AND RESEARCH RESULTS IN THE FIELDS OF SPORTS RELATED INJURIES AND ORTHOPAEDIC SURGERY IN ORDER TO EDUCATE THE GENERAL PUBLIC AND THE MEDICAL PROFESSION. THE FOUNDATION ALSO PROVIDES CARE FOR PATIENTS REGARDLESS OF THEIR ABILITY TO PAY, AS WELL AS PROVIDING AND SUPPORTING HOSPITAL AND COMMUNITY BASED SERVICES THAT ARE LIMITED IN THE COMMUNITY.
THE FOUNDATION HAS AN AGREEMENT WITH BOSTON CHILDREN'S HOSPITAL TO JOINTLY OPERATE SATELLITE AMBULATORY CENTERS TO SERVICE PATIENTS IN THE COMMUNITY. THIS AGREEMENT CALLS FOR A SHARING OF ANY NET SURPLUS GENERATED BY THESE SATELLITE CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mininder S Kocher MD President | OfficerTrustee | 35 | $1,775,901 |
Lyle J Micheli MD Director | Trustee | 50 | $1,407,927 |
Peter M Waters MD Director (10/20-6/21) | Trustee | 2 | $925,182 |
Donald S Bae MD Director (7/21-8/21) | Trustee | 2 | $768,438 |
Melissa Christino MD Director | Trustee | 40 | $670,643 |
Yi-Meng Yen MD Director | Trustee | 40 | $571,030 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Vorderer Dpm Medical Services | 9/29/21 | $388,014 |
Harvard Medical Faculty Physicians At Bi Medical Services | 9/29/21 | $202,253 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $979 |
| Government grants | $952,023 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,020,738 |
| Total Program Service Revenue | $29,302,678 |
| Investment income | $3,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,327,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $285,334 |
| 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. | $7,735,848 |
| Compensation of current officers, directors, key employees. | $66,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,404,521 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $23,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $183,706 |
| Advertising and promotion | $0 |
| Office expenses | $1,066,139 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,395,751 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,897 |
| Insurance | $14,156 |
| All other expenses | $23,749 |
| Total functional expenses | $27,566,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,943,115 |
| Savings and temporary cash investments | $1,218,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,850,042 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,906 |
| Net Land, buildings, and equipment | $1,297,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $40,663,560 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,608,360 |
| Total assets | $54,618,061 |
| Accounts payable and accrued expenses | $158,248 |
| Grants payable | $1,248,251 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $7,786,455 |
| Total liabilities | $9,192,954 |
| Net assets without donor restrictions | $45,425,107 |
| Net assets with donor restrictions | $0 |
| 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 | $54,618,061 |
Grants Awarded
Over the last fiscal year, Childrens Sport Medicine Foundation Inc has awarded $284,334 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: General support | $269,334 |
Boston, MA PURPOSE: General support | $10,000 |
Boston, MA PURPOSE: General Support | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Childrens Sport Medicine Foundation Inc has recieved totaling $28,305.
| Awarding Organization | Amount |
|---|---|
Omega Medical Grants Association Rosemont, IL PURPOSE: FELLOWSHIP | $28,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Net Contributions | $952,023 |
| Other Expense | $952,023 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Department Of Medicine Medical Serv Grp At Suny Hlth Sci Ctr At Syr In Syracuse, NY | $34,959,788 | $114,730,981 |
Common Wealth Clinical Alliance Inc Boston, MA | $145,104,803 | $101,479,734 |
Brown Medicine Providence, RI | $89,415,313 | $97,515,476 |
Berkshire Faculty Services Inc Pittsfield, MA | $16,167,156 | $58,402,270 |
Sturdy Memorial Associates Inc Attleboro, MA | $19,705,224 | $68,098,558 |
Hallmark Health Medical Associates Inc Medford, MA | $10,734,913 | $53,080,416 |
Brown Emergency Medicine Providence, RI | $33,521,686 | $72,293,129 |
University Orthopaedic Services Inc Cheektowaga, NY | $19,231,150 | $67,345,608 |
Natchaug Hospital Inc Mansfield Center, CT | $22,707,935 | $46,468,531 |
Uphams Corner Health Committee Inc Dorchester, MA | $23,283,775 | $48,958,688 |
Faculty Practice Foundation Inc Boston, MA | $98,365,059 | $45,984,440 |
University Surgical Associates Inc Rumford, RI | $57,102,663 | $42,930,028 |