Variety Childrens Hospital

Organization Overview

Variety Childrens Hospital, operating under the name Nicklaus Children's Hospital, is located in Miami, FL. The organization was established in 1951. 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 12/2023, Nicklaus Children's Hospital employed 3,805 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nicklaus Children's Hospital 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 12/2023, Nicklaus Children's Hospital generated $974.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $818.1m during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE HOPE AND PROMOTE LIFELONG HEALTH BY PROVIDING THE BEST CARE TO EVERY CHILD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VARIETY CHILDREN'S HOSPITAL, ESTABLISHED IN 1950, OWNS AND OPERATES A PEDIATRIC SPECIALTY HOSPITAL NOW KNOWN AS NICKLAUS CHILDREN'S HOSPITAL. THE HOSPITAL IS ONE OF THE LARGEST FREESTANDING PEDIATRIC TEACHING HOSPITALS IN THE SOUTHEASTERN UNITED STATES. IT PROVIDES SPECIALIZED PEDIATRIC HEALTHCARE FOR CHILDREN REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, AGE, OR ABILITY TO PAY. THE HOSPITAL HAS 307 LICENSED BEDS. NICKLAUS CHILDREN'S HOSPITAL SERVES AS A REFERRAL CENTER FOR CHILDREN WITH COMPLEX, CRITICAL, OR LIFE-THREATENING ILLNESSES REQUIRING SPECIALIZED CARE. IT HAS A STATE-DESIGNATED PEDIATRIC TRAUMA CENTER. MANY PATIENTS ARE REFERRED BY OTHER HOSPITALS REGARDLESS OF THE EXISTENCE OF FORMAL ARRANGEMENTS. (CONTINUED ON SCHEDULE O)


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Secretary / Director
$0
Name Not Listed
Vice Chairman / Director
$0
Name Not Listed
Chairman / Director
$0
Name Not Listed
President & CEO
$0
Name Not Listed
SVP / COO Nchs & President Nch
$773,619
Name Not Listed
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aya Healthcare Inc
Nurse Services
$6,654,763
Phi Air Medical Llc
Flight Hours
$3,934,996
Cross Country Staffing
Nurse Services
$2,603,550
Mayo Medical Laboratories
Laboratory Services
$1,844,100
Mallinckrodt Pharmaceuticals
Consultanttranscription Services
$1,833,726
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$11,631,467
Government grants $23,586,163
All other contributions, gifts, grants, and similar amounts not included above$47,750
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$35,265,380
Total Program Service Revenue$898,905,067
Investment income $23,430,313
Tax Exempt Bond Proceeds $0
Royalties $7,267
Net Rental Income $4,658,746
Net Gain/Loss on Asset Sales $1,509,904
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $141,236
Miscellaneous Revenue$0
Total Revenue $974,557,731

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