St Jude Childrens Research Hospital Inc
- Assets
- $9.5b
- Revenue
- $1.4b
- Investments
- $0.0
- Employees
- 6,249
- Location
- Memphis, TN
- Founding
- 05/1963
- Data as of
- 06/2022
- EIN
- 62-0646012
Organization Overview
St Jude Childrens Research Hospital Inc is located in Memphis, TN. The organization was established in 1963. 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 06/2022, St Jude Childrens Research Hospital Inc employed 6,249 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Jude Childrens Research Hospital 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 06/2022, St Jude Childrens Research Hospital Inc generated $1.4b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.3b during the year ending 06/2022. While expenses have increased by 7.0% 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.
Since 2015, St Jude Childrens Research Hospital Inc has awarded 52 individual grants totaling $22,190,772. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ST. JUDE CHILDREN'S RESEARCH HOSPITAL IS TO ADVANCE CURES, AND MEANS OF PREVENTION, FOR PEDIATRIC CATASTROPHIC DISEASES THROUGH RESEARCH AND TREATMENT. CONSISTENT WITH THE VISION OF OUR FOUNDER DANNY THOMAS, NO CHILD IS DENIED TREATMENT BASED ON RACE, RELIGION OR A FAMILY'S ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH: THE CURRENT BASIC SCIENCE AND CLINICAL RESEARCH AT THE HOSPITAL INCLUDES WORK IN GENE THERAPY, CHEMOTHERAPY, THE BIOCHEMISTRY OF NORMAL AND CANCEROUS CELLS, RADIATION TREATMENT, BLOOD DISEASES, RESISTANCE TO THERAPY, VIRUSES, NEUROLOGICAL DISEASES, HEREDITARY DISEASES, INFLUENZA, PEDIATRIC AIDS AND PHYSIOLOGICAL EFFECTS OF CATASTROPHIC ILLNESSES.
PATIENT CARE: THE HOSPITAL PROVIDED 17,175 INPATIENT DAYS OF CARE DURING THE YEAR. OUR BONE MARROW TRANSPLANTATION PROGRAM ACCOUNTED FOR 4,028 OR 23% OF THOSE INPATIENT DAYS. PATIENTS MADE 70,337 CLINIC REGISTRATIONS DURING THE YEAR.
EDUCATION AND TRAINING: AS PART OF ITS MISSION, THE HOSPITAL HAS DEVELOPED A GLOBAL INITIATIVE (ST. JUDE GLOBAL) TO IMPROVE THE SURVIVAL RATES OF CHILDREN WITH CANCER AND OTHER CATASTROPHIC DISEASES WORLDWIDE. ST. JUDE GLOBAL ACCOMPLISHES THIS BY SHARING KNOWLEDGE, TECHNOLOGY AND ORGANIZATIONAL SKILLS, HELPING TO IMPLEMENT NEW APPROACHES TO TREAT PEDIATRIC CANCER GLOBALLY, AND DEVELOPING REGIONAL NETWORKS COMMITTED TO ERADICATING CANCER IN CHILDREN. THIS MISSION WILL BE ACHIEVED BY FOCUSING ON THREE OVERRIDING GOALS: (1) TO TRAIN THE CLINICAL WORKFORCE THAT WILL BE REQUIRED TO MEET OUR MISSION, (2) TO DEVELOP AND STRENGTHEN HEALTH SYSTEMS AND PATIENT-CENTERED INITIATIVES THAT ENCOMPASS THE ENTIRE CONTINUUM OF CARE REQUIRED FOR CHILDREN WITH CANCER AND NON-MALIGNANT HEMATOLOGICAL (CONTINUED ON SCHEDULE O) DISEASES, AND (3) TO ADVANCE KNOWLEDGE IN GLOBAL PEDIATRIC ONCOLOGY AND HEMATOLOGY THROUGH RESEARCH TO SUSTAIN A CONTINUOUS IMPROVEMENT IN THE LEVEL AND QUALITY OF CARE DELIVERED AROUND THE GLOBE. THESE INITIATIVES ARE SPEARHEADED BY ST. JUDE EXPERTS WHO WORK CLOSELY WITH HEALTHCARE PROFESSIONALS AT OUR PARTNER SITES. IN ADDITION, A GRADUATE PROGRAM AT THE DOCTORAL AND MASTER'S LEVEL IS OFFERED THROUGH A WHOLLY-OWNED SUBSIDIARY, ST. JUDE CHILDREN'S RESEARCH HOSPITAL GRADUATE SCHOOL OF BIOMEDICAL SCIENCES, LLC, TO EDUCATE AND TRAIN FUTURE GENERATIONS OF SCIENTISTS SEEKING TO UNDERSTAND THE MOLECULAR BASIS OF HUMAN DISEASE AND DEVELOP NOVEL THERAPIES BASED ON THAT UNDERSTANDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Downing President/ceo | OfficerTrustee | 55 | $1,253,079 |
Richard C Shadyac Jr Ex-Officio Director | Trustee | 1 | $0 |
Joyce Aboussie Voting Director | Trustee | 4 | $0 |
Paul J Ayoub ESQ Voting Director | Trustee | 8 | $0 |
Joseph S Ayoub Jr ESQ Voting Director | Trustee | 4 | $0 |
Frederick M Azar MD Voting Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flintco Llc Construction Contractor | 6/29/22 | $37,213,100 |
Impact Advisors Llc Consulting Services | 6/29/22 | $8,320,270 |
Dell Marketing Lp Software Support | 6/29/22 | $4,787,068 |
Ut Lebonheur Pediatric Specialists Inc Medical Services | 6/29/22 | $3,709,028 |
Belz Construction Services Llc Construction Contractor | 6/29/22 | $3,100,748 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,083,764,954 |
| Government grants | $129,245,382 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,959,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,236,970,064 |
| Total Program Service Revenue | $118,235,759 |
| Investment income | $20,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,069,533 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$405,071 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,385,684,376 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,256 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,070,898 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,284,680 |
| Compensation of current officers, directors, key employees. | $2,160,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $512,583,722 |
| Pension plan accruals and contributions | $32,325,563 |
| Other employee benefits | $86,096,544 |
| Payroll taxes | $36,766,363 |
| Fees for services: Management | $40,870,029 |
| Fees for services: Legal | $2,403,402 |
| Fees for services: Accounting | $307,963 |
| Fees for services: Lobbying | $91,375 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,563,134 |
| Advertising and promotion | $1,319,195 |
| Office expenses | $4,735,756 |
| Information technology | $90,122,791 |
| Royalties | $0 |
| Occupancy | $46,913,123 |
| Travel | $9,755,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,860,601 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,213,140 |
| Insurance | $3,121,691 |
| All other expenses | $54,349,371 |
| Total functional expenses | $1,278,569,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,590,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $46,885,661 |
| Accounts receivable, net | $22,281,798 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,797,418 |
| Prepaid expenses and deferred charges | $25,766,884 |
| Net Land, buildings, and equipment | $1,069,114,610 |
| Investments—publicly traded securities | $3,235,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,265,584,869 |
| Total assets | $9,470,257,087 |
| Accounts payable and accrued expenses | $172,965,910 |
| Grants payable | $0 |
| Deferred revenue | $11,486,363 |
| 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 | $10,136,180 |
| Total liabilities | $194,588,453 |
| Net assets without donor restrictions | $8,036,161,214 |
| Net assets with donor restrictions | $1,239,507,420 |
| 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 | $9,470,257,087 |
Grants Awarded
Over the last fiscal year, St Jude Childrens Research Hospital Inc has awarded $132,600 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH HEALTH PURPOSE: FINANCIAL SUPPORT | $115,750 |
MID-SOUTH MINORITY BUSINESS COUNCIL PURPOSE: SPONSORSHIP | $6,850 |
CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER PURPOSE: FINANCIAL SUPPORT | $10,000 |