Driscoll Childrens Hospital
- Assets
- $2.4b
- Revenue
- $499.4m
- Investments
- $90.7m
- Employees
- 2,043
- Location
- Corpus Christi, TX
- Founding
- 07/1991
- Data as of
- 08/2021
- EIN
- 74-2577746
Organization Overview
Driscoll Childrens Hospital is located in Corpus Christi, TX. The organization was established in 1991. 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 08/2021, Driscoll Childrens Hospital employed 2,043 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Driscoll Childrens 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 08/2021, Driscoll Childrens Hospital generated $499.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $334.5m during the year ending 08/2021. While expenses have increased by 3.6% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REMEMBERING ALWAYS OUR COMMITMENT TO RELIEVE SUFFERING AND MEET THE NEEDS OF CHILDREN; IT IS OUR MISSION TO OFFER HOPE & HEALING IN ANENVIRONMENT OF TRUST, COMPASSION, & CARE.
Describe the Organization's Program Activity:
PROVISION OF HIGH QUALITY HOSPITAL, MEDICAL, AND NURSING SERVICES TO CHILDREN IN THE SURROUNDING SOUTH TEXAS REGION WITHOUT REGARD TO THE ABILITY TO PAY. CARE IS PERFORMED ON BOTH AN INPATIENT AND AN OUTPATIENT BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Hamon Evp/chief Executive Officer | OfficerTrustee | 37 | $1,162,528 |
Mary D Peterson MD Pres. & CEO Health Plan | Officer | 40 | $724,847 |
Steven R Woerner Former President/ceo | 0 | $623,207 | |
Lee E Budin MD Chief Medical Officer | 40 | $608,767 | |
Douglas T Myers Former CFO | 0 | $538,427 | |
Jennifer R Henderson VP General Counsel | Officer | 39 | $482,795 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fulton Construction Corpcoastcon C Construction Svcs | 8/30/21 | $18,123,102 |
Completerx Ltd Pharmaceutical Svcs | 8/30/21 | $6,541,616 |
Sodexo Services Of Texas Lp Management Services | 8/30/21 | $3,301,084 |
Cvscaremark Pharmaceutical Svcs | 8/30/21 | $8,246,592 |
Epic System Corp It Services | 8/30/21 | $2,184,103 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,345,598 |
| Government grants | $10,628,435 |
| All other contributions, gifts, grants, and similar amounts not included above | $214,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,188,554 |
| Total Program Service Revenue | $366,603,838 |
| Investment income | $35,660,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,644,653 |
| Net Gain/Loss on Asset Sales | $11,030,433 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $499,359,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,228,087 |
| 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. | $4,841,221 |
| Compensation of current officers, directors, key employees. | $4,841,221 |
| Compensation to disqualified persons | $1,380,704 |
| Other salaries and wages | $119,006,014 |
| Pension plan accruals and contributions | $9,308,585 |
| Other employee benefits | $23,455,163 |
| Payroll taxes | $8,482,145 |
| Fees for services: Management | $1,717,758 |
| Fees for services: Legal | $670,544 |
| Fees for services: Accounting | $584,185 |
| Fees for services: Lobbying | $214,730 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,544,255 |
| Advertising and promotion | $2,042,195 |
| Office expenses | $7,930,034 |
| Information technology | $18,216,521 |
| Royalties | $0 |
| Occupancy | $6,757,473 |
| Travel | $86,695 |
| 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 | $15,910,162 |
| Insurance | $6,591,959 |
| All other expenses | $46,164 |
| Total functional expenses | $334,505,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,846,124 |
| Savings and temporary cash investments | $2,238,320 |
| Pledges and grants receivable | $807,815 |
| Accounts receivable, net | $55,123,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,092,020 |
| Inventories for sale or use | $2,749,307 |
| Prepaid expenses and deferred charges | $8,068,113 |
| Net Land, buildings, and equipment | $179,808,904 |
| Investments—publicly traded securities | $2,031,015,616 |
| Investments—other securities | $90,749,243 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,597,080 |
| Total assets | $2,425,095,587 |
| Accounts payable and accrued expenses | $69,360,968 |
| Grants payable | $0 |
| Deferred revenue | $58,626 |
| 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 | $32,479,213 |
| Total liabilities | $101,898,807 |
| Net assets without donor restrictions | $2,320,733,896 |
| Net assets with donor restrictions | $2,462,884 |
| 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 | $2,425,095,587 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Driscoll Childrens Hospital has recieved totaling $663,326.
| Awarding Organization | Amount |
|---|---|
Robert J Kleberg Jr And Helen C Kleberg Foundation San Antonio, TX PURPOSE: SUPPORT MEDICAL STUDY | $201,140 |
United Way Of The Coastal Bend Inc Corpus Christi, TX PURPOSE: program support | $162,864 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: CF CARE CENTER | $121,925 |
Prichard Family Foundation Dallas, TX PURPOSE: CHARITABLE | $77,500 |
Yvonne H Simard Foundation Corpus Christi, TX PURPOSE: CHILDRENS HEALTH PROGRAMS | $20,000 |
Ruth Parr Sparks Foundation Alice, TX PURPOSE: CHARITY CHILDRENS HOSPITAL | $17,500 |
Endowment Analysis
| Beg. Balance | $12,809,830 |
| Earnings | $3,806,501 |
| Net Contributions | $242,068 |
| Ending Balance | $16,858,399 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womans Hospital Foundation Baton Rouge, LA | $955,522,065 | $745,053,312 |
Arkansas Childrens Hospital Little Rock, AR | $970,496,679 | $646,443,005 |
Childrens Hospital Inc New Orleans, LA | $2,324,907,208 | $506,708,702 |
Cook Childrens Physician Network Fort Worth, TX | $51,062,651 | $358,666,178 |
Driscoll Childrens Hospital Corpus Christi, TX | $2,425,095,587 | $499,359,413 |
Texas Scottish Rite Hospital For Children Dallas, TX | $3,238,922,666 | $306,973,040 |
Cancer Centers Of Southwest Oklahoma Llc Lawton, OK | $32,318,055 | $43,660,378 |
The West Texas Rehabilitation Center Abilene, TX | $23,689,791 | $34,673,635 |
Oklahoma Proton Foundation Oklahoma City, OK | $88,267,209 | $19,765,055 |
United Methodist Behavioral Health System Inc Little Rock, AR | $21,001,810 | $20,279,034 |
Hendrick Anethesia Network Abilene, TX | $2,045,738 | $6,316,416 |
Santa Rosa Childrens Hospital Foundation San Antonio, TX | $36,800,661 | $10,156,446 |