Connecticut Childrens Specialty Group Inc
- Assets
- $23.0m
- Revenue
- $102.2m
- Investments
- $0.0
- Employees
- 902
- Location
- Hartford, CT
- Founding
- 05/1997
- Data as of
- 09/2021
- EIN
- 06-1446900
Organization Overview
Connecticut Childrens Specialty Group Inc is located in Hartford, CT. The organization was established in 1997. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2021, Connecticut Childrens Specialty Group Inc employed 902 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Childrens Specialty Group 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, Connecticut Childrens Specialty Group Inc generated $102.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $127.1m during the year ending 09/2021. While expenses have increased by 9.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTICUT CHILDREN'S SPECIALTY GROUP, INC. PROVIDES PRIMARY CARE AND SPECIALTY CARE PHYSICIAN SERVICES TO THE CHILDREN OF CONNECTICUT AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED TO PROVIDE PRIMARY AND SPECIALTY PHYSICIAN HEALTHCARE SERVICES TO THE CHILDREN OF CONNECTICUT AND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis M Mello MD Cardiovascular Surgeon | 55 | $1,040,117 | |
Christine Finck MD Facs Director; Ex-Officio | Trustee | 55 | $1,031,135 |
Jonathan E Martin MD Director (termed 02/2021) | Trustee | 55 | $842,269 |
Jeffrey D Thomson MD Orthopedic Surgeon | 55 | $774,582 | |
Glenn D Focht MD Director - President | OfficerTrustee | 55 | $695,128 |
Richard G Weiss MD Pediatric Surgeon | 55 | $665,745 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hartford Hospital Medical | 9/29/21 | $503,035 |
Scribe America Llc Training | 9/29/21 | $120,478 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,859,419 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,859,419 |
| Total Program Service Revenue | $99,273,939 |
| Investment income | $21,034 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,091 |
| Net Gain/Loss on Asset Sales | $28,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,246,078 |
| 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. | $8,607,326 |
| Compensation of current officers, directors, key employees. | $8,607,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,498,771 |
| Pension plan accruals and contributions | $6,260,743 |
| Other employee benefits | $7,097,433 |
| Payroll taxes | $5,892,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,501 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,590,481 |
| Advertising and promotion | $0 |
| Office expenses | $392,413 |
| Information technology | $195,466 |
| Royalties | $0 |
| Occupancy | $3,819,339 |
| Travel | $63,701 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $357,909 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,204 |
| Insurance | $2,264,197 |
| All other expenses | $719,943 |
| Total functional expenses | $127,052,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,974,030 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,171,012 |
| 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 | $259,829 |
| Net Land, buildings, and equipment | $1,211,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $743,322 |
| Intangible assets | $36,668 |
| Other assets | $5,580,026 |
| Total assets | $22,976,618 |
| Accounts payable and accrued expenses | $18,322,018 |
| Grants payable | $0 |
| 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 | $7,693,434 |
| Total liabilities | $26,015,452 |
| Net assets without donor restrictions | -$2,837,394 |
| Net assets with donor restrictions | -$201,440 |
| 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 | $22,976,618 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Connecticut Childrens Specialty Group Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Umass Memorial Health Care Inc Worcester, MA | $1,470,153,319 | $457,890,056 |
Nuvance Health Poughkeepsie, NY | $156,429,143 | $195,017,437 |
Bmc Health System Boston, MA | $32,089,723 | $189,200,474 |
Amalgamated National Health Fund White Plains, NY | $95,902,147 | $172,209,851 |
Connecticut Childrens Specialty Group Inc Hartford, CT | $22,976,618 | $102,246,078 |
Milford Regional Physician Group Inc Milford, MA | $55,077,326 | $98,396,869 |
Montefiore Medicine Academic Health Self Insurance Trist Bronx, NY | $287,426,872 | $78,028,348 |
Circle Health Physicians Inc Lowell, MA | $24,693,078 | $78,082,073 |
Cancer Care Co-Payment Assistance Foundation Inc New York, NY | $80,171,765 | $74,806,659 |
Hss Properties Corporation New York, NY | $595,585,404 | $72,958,189 |
Royal Charter Properties - East Inc New York, NY | $212,621,601 | $60,926,484 |
Northeast Professional Registry Of Nurses Inc Beverly, MA | $69,495,666 | $57,554,389 |