Shriners Hospitals For Children
- Assets
- $10.9b
- Revenue
- $896.2m
- Investments
- $272.8m
- Employees
- 5,649
- Location
- Tampa, FL
- Founding
- 03/1937
- Data as of
- 12/2020
- EIN
- 36-2193608
Organization Overview
Shriners Hospitals For Children is located in Tampa, FL. The organization was established in 1937. 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 12/2021, Shriners Hospitals For Children employed 5,649 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shriners Hospitals For Children 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 12/2020, Shriners Hospitals For Children generated $896.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $892.1m during the year ending 12/2020. While expenses have increased by 4.3% 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.
Since 2016, Shriners Hospitals For Children has awarded 21 individual grants totaling $170,053,798. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE PEDIATRIC SPECIALTY CARE, REGARDLESS OF THE PATIENT OR FAMILIES ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE-OF-THE-ART MEDICAL CARE:SHRINERS HOSPITALS FOR CHILDREN, COMPRISED OF A NETWORK OF HOSPITALS (SEE SCHEDULE R), SERVES 179 COUNTRIES, TREATING MORE THAN 150,000 UNIQUE CHILDREN EACH YEAR. OUR ORGANIZATIONAL MISSION IS TO PROVIDE THE HIGHEST QUALITY OF CARE TO CHILDREN WITHIN A COMPASSIONATE, FAMILY-CENTERED AND COLLABORATIVE CARE ENVIRONMENT. OUR TEAM OF HIGHLY-SKILLED MEDICAL PROFESSIONALS ARE AMONG SOME OF THE MOST RECOGNIZED INDIVIDUALS IN THE FIELDS OF PEDIATRIC BURN CARE AND PEDIATRIC ORTHOPEDIC CARE. CONTINUED ON SCHEDULE O OUR SPECIALIZED CARE EXTENDS BEYOND THE CONVENTIONAL WALLS OF THE HOSPITAL. SHRINERS HOSPITALS FOR CHILDREN ALSO SEEKS TO DELIVER CARE TO THOSE INTERNATIONALLY THROUGH OUR TELEHEALTH PROGRAM, WHICH ALLOWS PATIENTS TO RECEIVE OUR WRAP-AROUND CARE VIA VIDEO CONFERENCING. WE ALSO STRIVE TO HELP THOSE IN NEED - ESPECIALLY WHEN DISASTER STRIKES.
RESEARCH:SHRINERS HOSPITALS FOR CHILDREN PRIDES ITSELF ON THE WRAP-AROUND CARE THAT IT PROVIDES TO PATIENTS AND FAMILIES. AS A HEALTH CARE SYSTEM WITH 21 LOCATIONS IN THE U.S., CANADA AND MEXICO (17 OPERATED BY THIS ORGANIZATION), OUR STAFF IS DEDICATED TO IMPROVING THE LIVES OF CHILDREN BY PROVIDING PEDIATRIC SPECIALTY CARE, CONDUCTING INNOVATIVE RESEARCH, AND OFFERING OUTSTANDING TEACHING PROGRAMS FOR MEDICAL PROFESSIONALS. CONTINUED ON SCHEDULE OOUR RESEARCH TEAM IS AMONG THE MOST HIGHLY RENOWNED, GAINING NATIONAL RECOGNITION FOR CLINICAL RESEARCH. SIX SHC LOCATIONS ARE MAJOR RESEARCH HOSPITALS (FIVE OPERATED BY THIS ORGANIZATION), WORKING TO DEVELOP NEW TREATMENTS AND TECHNOLOGICAL ADVANCES WITHIN THE MEDICAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Kozin Chief Of Staff | 40 | $3,720,413 | |
Frances Farley Chief Medical Officer | Officer | 40 | $904,676 |
Purnendu Gupta Chief Of Staff | 40 | $884,999 | |
John Mccabe Executive Vice President | Officer | 40 | $863,712 |
Amer Samdani Chief Of Surgery | 40 | $844,165 | |
Glen Baird Chief Of Staff | 40 | $785,483 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forney Construction General Contractor | 12/30/21 | $12,130,931 |
Burns And Associates Management Llc Marketing | 12/30/21 | $10,148,895 |
The University Of Texas Medical Branch Medical Services | 12/30/21 | $7,482,895 |
Uc Regents Uc Davis Medical Center Medical Services | 12/30/21 | $6,980,034 |
Kentucky Medical Services Foundation Medical Services | 12/30/21 | $4,106,074 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $456,657,058 |
| Investment income | $176,974,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $217,801 |
| Net Rental Income | $12,111,724 |
| Net Gain/Loss on Asset Sales | $105,824,791 |
| Net Income from Fundraising Events | -$843,254 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$217,021 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $896,169,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $13,707,462 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $743,314 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $344,845,968 |
| Pension plan accruals and contributions | $28,764,356 |
| Other employee benefits | $46,816,414 |
| Payroll taxes | $22,440,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $22,060,751 |
| Fees for services: Investment Management | $18,417,001 |
| Fees for services: Other | $117,009,468 |
| Advertising and promotion | $48,619,239 |
| Office expenses | $21,571,877 |
| Information technology | $22,129,575 |
| Royalties | $0 |
| Occupancy | $16,826,535 |
| Travel | $4,316,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $676,509 |
| Interest | $455,687 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,183,534 |
| Insurance | $7,697,213 |
| All other expenses | $0 |
| Total functional expenses | $892,145,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,441 |
| Savings and temporary cash investments | $8,941,478 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,608,609 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,148,333 |
| Prepaid expenses and deferred charges | $24,232,946 |
| Investments—publicly traded securities | $8,169,699,514 |
| Investments—other securities | $272,808,447 |
| Investments—program-related | $35,952,190 |
| Intangible assets | $0 |
| Other assets | $1,696,171,389 |
| Total assets | $10,877,290,799 |
| Accounts payable and accrued expenses | $254,800,847 |
| Grants payable | $0 |
| Deferred revenue | $1,098,960 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $41,558,020 |
| 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 | $849,961,269 |
| Total liabilities | $1,147,419,096 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,729,871,703 |
Grants Awarded
Over the last fiscal year, Shriners Hospitals For Children has awarded $14,431,832 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Tampa, FL PURPOSE: TO PROVIDE FUNDS FOR PATIENTS NEEDS AT THE TWO SHRINERS HOSPITALS FOR CHILDREN IN MASSACHUSETTS, WHICH INCLUDE EMPLOYEES' SALARIES, MEDICAL SUPPLIES, AND OTHER NECESSARY EXPENSES. | $13,321,832 |
Tampa, FL PURPOSE: PEDIATRIC ORTHOPEDIC PATIENT HEALTH ASSISTANCE GRANT | $600,000 |
Gainesville, FL PURPOSE: ENDOWMENT FOR FELLOWSHIP OF PEDIATRIC ORTHOPEDICS | $500,000 |
Oakbrook Terreace, IL PURPOSE: IPOS SPONSHORSHIP (PEDIATRIC & ADOLESCENT ORTHOPAEDIC CONDITIONS) | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Shriners Hospitals For Children has recieved totaling $574,567.
| Awarding Organization | Amount |
|---|---|
Charles S Jones Memorial Tr Fund Dallas, TX PURPOSE: MEDICAL COSTS - KANSAS | $186,233 |
John T Opie Charitable Trust No 1 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $177,987 |
R M Hoffman Fam Memorial Tr Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $31,695 |
George P Longabaugh And Helen E Longabaugh Charitable Tr Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $28,343 |
Texas Oilmans Charity Invitational Fishing Tournament Inc Sugar Land, TX PURPOSE: Charitable | $25,000 |
Dorothy & Samuel Snider Charitable Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $23,977 |
Endowment Analysis
| Beg. Balance | $9,079,436,262 |
| Earnings | $1,140,799,172 |
| Other Expense | $259,549,093 |
| Ending Balance | $9,960,686,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shriners Hospitals For Children Tampa, FL | $10,877,290,799 | $896,169,390 |
Childrens Hospital Of Alabama Birmingham, AL | $847,897,331 | $804,255,338 |
Variety Childrens Hospital Miami, FL | $1,508,530,392 | $776,970,014 |
Brooks Rehabilitation Hospital Jacksonville, FL | $156,540,953 | $127,892,982 |
The Shriners Hospital For Children Tampa, FL | $587,730,249 | $83,244,690 |
Lifestream Behavioral Center Inc Leesburg, FL | $60,011,568 | $62,613,825 |
Florida Proton Therapy Institute Inc Jacksonville, FL | $150,447,220 | $41,049,374 |
Baycare Alliant Hospital Inc Dunedin, FL | $10,505,745 | $19,943,014 |
Southern Crescent Hospital For Specialty Care Inc Riverdale, GA | $4,410,694 | $7,739,688 |
Florida Elks Childrens Therapy Services Inc Umatilla, FL | $461,628 | $3,806,118 |
Georgia Mountains Hospice Inc Jasper, GA | $1,571,072 | $2,350,267 |
Childrens Cancer Center Inc Tampa, FL | $3,487,210 | $2,609,619 |