Childrens Health Care
- Assets
- $1.7b
- Revenue
- $867.6m
- Investments
- $426.2m
- Employees
- 6,080
- Location
- Minneapolis, MN
- Founding
- 05/1994
- Data as of
- 12/2020
- EIN
- 41-1754276
Organization Overview
Childrens Health Care, operating under the name Children's Minnesota, is located in Minneapolis, MN. The organization was established in 1994. 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, Children's Minnesota employed 6,080 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children's Minnesota 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, Children's Minnesota generated $867.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $872.8m during the year ending 12/2020. While expenses have increased by 3.1% 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.
Since 2014, Children's Minnesota has awarded 109 individual grants totaling $2,606,278. 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
CHILDREN'S MINNESOTA CHAMPIONS THE SPECIAL NEEDS OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPITAL PROGRAM SERVICES: FAMILIES LOOK TO CHILDREN'S MINNESOTA FOR THE FINEST IN PEDIATRIC ARE. WITH TWO PEDIATRIC HOSPITAL FACILITIES AND 429 STAFFED BEDS, WE CHAMPION THE SPECIAL HEALTH NEEDS OF CHILDREN AND THEIR FAMILIES AND ARE COMMITTED TO PROVIDING HIGH-QUALITY, FAMILY CENTERED PEDIATRIC SERVICES. THE LEAPFROG GROUP'S ANNUAL LIST OF TOP HOSPITALS NAMED CHILDREN'S MINNESOTA'S MINNEAPOLIS AND ST. PAUL HOSPITALS AS TWO OF THE TOP TEN PEDIATRIC HOSPITALS IN THE COUNTRY FOR QUALITY AND EFFICIENCY.SEE SCHEDULE O.
RESEARCH: CHILDREN'S HAS 403 OPEN RESEARCH STUDIES, OF WHICH 180 ARE ACTIVELY RECRUITING CLINICAL TRIALS. IN 2021 CHILDREN'S RECEIVED ABOUT $30.0 MILLION FROM INDUSTRY CONTRACTS AND FEDERAL STATE AND FOUNDATION SPONSORS. TYPES OF STUDIES AND TRIALS CONDUCTED AT CHILDREN'S ARE INVESTIGATOR-INITIATED STUDIES, EXTERNAL MULTI-CENTER TRIALS, OBSERVATIONAL STUDIES, REGISTRIES, AND SUPPORTIVE SERVICES SUCH AS CASE MANAGEMENT. CHILDREN'S HAD ONGOING RESEARCH IN EMERGENCY/TRAUMA, CYSTIC FIBROSIS, DIABETES AND ENDOCRINOLOGY, CARDIOVASCULAR AND CRITICAL CARE, PAIN AND PALLIATIVE CARE, INTEGRATIVE MEDICINE, GENETICS, CANCER AND BLOOD DISORDERS, AND NEONATOLOGY ENT AND REHAB. SEE SCHEDULE O.
EDUCATION: MANY EFFORTS TO IMPROVE THE HEALTH AND WELL-BEING OF CHILDREN AND YOUTH REQUIRE LONG-TERM INVESTMENT IN THEIR FUTURE. CHILDREN'S PROVIDES EDUCATION AND TRAINING PROGRAMS FOR PROVIDERS, HEALTH CARE STUDENTS, AND OTHER HEALTH PROFESSIONALS IN THE FOLLOWING AREAS: 1) COMMUNITY MEDICAL EDUCATION FOR COMMUNITY PHYSICIANS: DURING THE 2021 CALENDAR YEAR, CHILDREN'S PROVIDED TRAINING TO 377 AFFILIATED RESIDENTS AND FELLOWS, AND HOSTED 341 MEDICAL STUDENT & 668 RESIDENT ROTATIONS AT CHILDREN'S MINNEAPOLIS, CHILDREN'S ST PAUL, OR BOTH LOCATIONS.SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Gorelick MD President & CEO | OfficerTrustee | 47 | $1,146,271 |
Joseph Petronio MD Surgical Dir, Peds Neurosurg | 50 | $1,099,531 | |
Kyle Halvorson MD Staff Physician | 50 | $963,033 | |
Meysam Kebriaei MD Staff Physician | 50 | $911,984 | |
Mark Bergeron MD Medical Director Neonatology | 50 | $852,374 | |
Andrea Lampland MD Medical Director Neonatology | 50 | $846,902 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Children's Heart Clinic Pa Physician Services | 12/30/21 | $13,948,075 |
Cerner Corporation Hardware/software | 12/30/21 | $8,489,502 |
Medical Staffing Solutions Inc Nurse Staffing | 12/30/21 | $4,607,274 |
Sodexo Inc & Affiliates Nutrition & Envi Svr | 12/30/21 | $4,174,061 |
Children's Respiratory & Critical Care Physician Services | 12/30/21 | $4,586,559 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,186,416 |
| Investment income | $25,789,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $70,872 |
| Net Gain/Loss on Asset Sales | -$2,614,575 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $867,625,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,605,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $16,154,813 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,582,493 |
| Pension plan accruals and contributions | $29,975,102 |
| Other employee benefits | $60,725,681 |
| Payroll taxes | $24,495,779 |
| Fees for services: Management | $3,602,770 |
| Fees for services: Legal | $545,466 |
| Fees for services: Accounting | $601,710 |
| Fees for services: Lobbying | $241,778 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,610,650 |
| Fees for services: Other | $90,328,533 |
| Advertising and promotion | $1,664,542 |
| Office expenses | $8,225,493 |
| Information technology | $20,181,155 |
| Royalties | $0 |
| Occupancy | $15,156,866 |
| Travel | $675,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,153,088 |
| Interest | $10,585,117 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,836,638 |
| Insurance | $3,898,022 |
| All other expenses | $0 |
| Total functional expenses | $872,835,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,881,199 |
| Savings and temporary cash investments | $5,977,867 |
| Pledges and grants receivable | $934,822 |
| Accounts receivable, net | $142,063,890 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,984,384 |
| Prepaid expenses and deferred charges | $17,490,105 |
| Investments—publicly traded securities | $554,027,831 |
| Investments—other securities | $426,235,776 |
| Investments—program-related | $29,280,775 |
| Intangible assets | $0 |
| Other assets | $152,635,064 |
| Total assets | $1,663,546,137 |
| Accounts payable and accrued expenses | $120,333,891 |
| Grants payable | $0 |
| Deferred revenue | $526,423 |
| Tax-exempt bond liabilities | $319,767,860 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,475 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,226,737 |
| Total liabilities | $524,871,386 |
| 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 | $1,138,674,751 |
Grants Awarded
Over the last fiscal year, Childrens Health Care has awarded $179,570 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Mendota Heights, MN PURPOSE: COURAGE NORTH CAMP | $42,002 |
Minneapolis, MN PURPOSE: CYCLEHEALTH SPONSORSHIP | $26,500 |
Minneapolis, MN PURPOSE: IN KIND | $22,793 |
Dallas, TX PURPOSE: TWIN CITIES HEART BALL SPONSORSHIP | $15,000 |
Minneapolis, MN PURPOSE: BLACK LIVES AMPLIFIED SPONSORSHIP | $15,000 |
Minneapolis, MN PURPOSE: GALA SPONSORSHIP AND MEMORIAL | $11,125 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Childrens Health Care has recieved totaling $626,916.
| Awarding Organization | Amount |
|---|---|
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: CF CARE CENTER | $149,195 |
Public Health Institute Oakland, CA PURPOSE: Research | $121,595 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: CLINICAL RESEARCH CENTER | $120,084 |
Childrens Oncology Group Foundation Philadelphia, PA PURPOSE: TO CURE CHILDREN AND IMPROVE CAPACITY AND QUALITY OF CANCER TREATMENT. | $60,000 |
St Baldricks Foundation Inc Monrovia, CA PURPOSE: PEDIATRIC CANCER RESEARCH | $50,000 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: ADHERENCE | $45,587 |
Endowment Analysis
| Beg. Balance | $181,082,325 |
| Earnings | $27,004,317 |
| Net Contributions | $2,426,002 |
| Grants | $6,634,730 |
| Ending Balance | $203,877,914 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Health Care Minneapolis, MN | $1,663,546,137 | $867,625,507 |
Childrens Hospital Of Wisconsin Inc Milwaukee, WI | $2,282,615,599 | $784,184,935 |
Gillette Childrens Specialty Health Care Saint Paul, MN | $456,353,572 | $299,767,930 |
Childrens Hospital And Health System Inc Milwaukee, WI | $95,520,569 | $196,833,100 |
Childrens Specialty Group Inc Milwaukee, WI | $70,971,354 | $127,183,579 |
Childrens Care Hospital & School Sioux Falls, SD | $35,904,421 | $36,613,088 |
Burnett Medical Center Inc Grantsburg, WI | $27,610,432 | $27,344,828 |
Stl Care Company Cedar Rapids, IA | $24,731,366 | $10,656,673 |
Sharon S Richardson Community Hospice Inc Sheboygan Falls, WI | $14,309,775 | $11,390,948 |
Transformations Surgery Center Inc Middleton, WI | $1,652,314 | $41,431 |
Lemars Area Dialysis Services Le Mars, IA | $3,809,844 | $1,026,562 |
Academy Of Geriatric Physical Therapy Inc Middleton, WI | $1,884,858 | $865,611 |