Miami Childrens Health System Inc
- Assets
- $1.0b
- Revenue
- $241.2m
- Investments
- $22.1m
- Employees
- 1,336
- Location
- Miami, FL
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 45-3481327
Organization Overview
Miami Childrens Health System Inc, operating under the name Nicklaus Childrens Health System, is located in Miami, FL. The organization was established in 2013. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2022, Nicklaus Childrens Health System employed 1,336 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nicklaus Childrens Health System 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 12/2021, Nicklaus Childrens Health System generated $241.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $265.4m during the year ending 12/2021. While expenses have increased by 17.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF NICKLAUS CHILDREN'S HOSPITAL AND ITS AFFILIATED ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A NOT-FOR-PROFIT CORPORATION CREATED IN 2011 FORMED AS A HOLDING COMPANY FOR VARIETY CHILDREN'S HOSPITAL D/B/A NICKLAUS CHILDREN'S HOSPITAL AND SUBSIDIARIES (THE HOSPITAL). ADDITIONALLY, THE SYSTEM FACILITATES PARTNERSHIPS WITH PRIVATE PHYSICIANS AND EXPLORES OTHER REVENUE OPPORTUNITIES. THE SYSTEM INCLUDES A REGIONAL PEDIATRIC NETWORK ANCHORED BY THE HOSPITAL, LOCATED IN MIAMI-DADE COUNTY, FLORIDA. THE HOSPITAL IS COMPLEMENTED BY A NETWORK OF AMBULATORY CENTERS AND PEDIATRIC CARE CLINICS LOCATED THROUGHOUT SOUTH FLORIDA, PRIMARILY IN MIAMI-DADE, BROWARD AND PALM BEACH COUNTIES. VARIETY CHILDREN'S HOSPITAL D/B/A NICKLAUS CHILDREN'S HOSPITAL PROVIDES SPECIALIZED PEDIATRIC HEALTHCARE TO CHILDREN. NICKLAUS CHILDREN'S PEDIATRIC SPECIALISTS, LLC (NCPS) IS A SINGLE MEMBER LIMITED LIABILITY COMPANY FORMED TO SUPPORT THE PHYSICIAN PRACTICES DEEMED NECESSARY BY THE HOSPITAL. NCPS IS A SUBSIDIARY OF THE SYSTEM. NICKLAUS CHILDREN'S HOSPITAL FOUNDATION, LLC (FOUNDATION) IS A SINGLE MEMBER LIMITED LIABILITY COMPANY FORMED TO RAISE FUNDS AND SUPPORT THE HOSPITAL AND OTHER RELATED ORGANIZATIONS. THE FOUNDATION IS A SUBSIDIARY OF THE SYSTEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/director | OfficerTrustee | 0.1 | $0 |
Name Not Listed Vice Chairman/director | OfficerTrustee | 0.1 | $0 |
Name Not Listed Chairman/director | OfficerTrustee | 0.1 | $0 |
Name Not Listed President & CEO | OfficerTrustee | 20 | $1,616,803 |
Name Not Listed Director | Trustee | 0.1 | $0 |
Name Not Listed Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ensemble Health Partners Administrative Services | 12/30/22 | $22,705,735 |
Cerner Corporation Software License/maintenance | 12/30/22 | $9,493,781 |
Anthony Baradat And Associates Marketing | 12/30/22 | $3,839,105 |
Corrohealth Inc Physicans Prof Services | 12/30/22 | $1,969,190 |
Rise Interactive Marketing | 12/30/22 | $1,843,338 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,718 |
| Membership dues | $0 |
| Fundraising events | $1,907,082 |
| Related organizations | $0 |
| Government grants | $655,715 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,241,344 |
| Noncash contributions included in lines 1a–1f | $2,181,627 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,818,859 |
| Total Program Service Revenue | $211,312,167 |
| Investment income | $231,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $651 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$387,018 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,176,093 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,030,463 |
| 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. | $4,340,330 |
| Compensation of current officers, directors, key employees. | $868,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,800,168 |
| Pension plan accruals and contributions | $8,431,559 |
| Other employee benefits | $7,316,847 |
| Payroll taxes | $7,416,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $960,260 |
| Fees for services: Accounting | $417,493 |
| Fees for services: Lobbying | $177,951 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,584 |
| Fees for services: Other | $33,389,765 |
| Advertising and promotion | $6,320,885 |
| Office expenses | $4,920,721 |
| Information technology | $16,028,774 |
| Royalties | $0 |
| Occupancy | $11,918,369 |
| Travel | $363,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,454,602 |
| Insurance | $4,240,422 |
| All other expenses | $1,731,147 |
| Total functional expenses | $265,361,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,845,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,279,116 |
| Accounts receivable, net | $37,840,713 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $90,973 |
| Prepaid expenses and deferred charges | $5,754,213 |
| Net Land, buildings, and equipment | $46,059,187 |
| Investments—publicly traded securities | $40,048,367 |
| Investments—other securities | $22,072,042 |
| Investments—program-related | $784,394,775 |
| Intangible assets | $0 |
| Other assets | $76,339,054 |
| Total assets | $1,030,724,418 |
| Accounts payable and accrued expenses | $156,378,274 |
| 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 | $3,098,313 |
| Total liabilities | $159,476,587 |
| Net assets without donor restrictions | $658,733,409 |
| Net assets with donor restrictions | $212,514,422 |
| 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 | $1,030,724,418 |
Grants Awarded
Over the last fiscal year, Miami Childrens Health System Inc has awarded $65,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LIVE LIKE BELLA FOUNDATION INC PURPOSE: Sponsorship | $15,000 |
YMCA OF SOUTH FLORIDA PURPOSE: Sponsorship | $10,000 |
MIAMI-DADE BEACON COUNCIL PURPOSE: Sponsorship | $5,000 |
UNIVERSITY OF MIAMI PURPOSE: Sponsorship | $25,000 |
CAMILLUS HOUSE PURPOSE: Sponsorship | $10,000 |