Lurie Childrens Surgical Foundation Inc
- Assets
- $8.4m
- Revenue
- $87.3m
- Investments
- $0.0
- Employees
- 81
- Location
- Chicago, IL
- Founding
- Data as of
- 08/2021
- EIN
- 83-1650513
Organization Overview
Lurie Childrens Surgical Foundation Inc is located in Chicago, IL. 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, Lurie Childrens Surgical Foundation Inc employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lurie Childrens Surgical Foundation 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 08/2021, Lurie Childrens Surgical Foundation Inc generated $87.3m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $89.7m during the year ending 08/2021. While expenses have increased by 3.4% per year over the past 2 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
PROVIDE PEDIATRIC AND SUBSPECIALTY SURGICAL, RESEARCH, AND EDUCATIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LURIE CHILDREN'S SURGICAL FOUNDATION, INC. ("LCSF") IS AN ILLINOIS NOT FOR PROFIT CORPORATION AND AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE CODE. ON JANUARY 1, 2019, CHILDREN'S HOSPITAL OF CHICAGO MEDICAL CENTER ("PARENT") (FEIN 36-3357004) BECAME THE SOLE CORPORATE MEMBER OF LCSF. LCSF EMPLOYS PEDIATRIC SURGICAL SPECIALISTS AND SUBSPECIALISTS. SUCH PHYSICIANS ARE BASED AND PRACTICE AT ANN & ROBERT H. LURIE CHILDREN'S HOSPITAL OF CHICAGO ("LURIE CHILDREN'S"), ANOTHER AFFILIATED ENTITY OF LCSF, AND AT THE LURIE CHILDREN'S OUTREACH LOCATIONS. LURIE CHILDREN'S OFFERS OVER 70 TYPES OF PEDIATRIC SUBSPECIALTY CARE, MORE THAN ANY OTHER ILLINOIS HOSPITAL. LCSF EMPLOYS PEDIATRIC SURGICAL SPECIALISTS AND SUBSPECIALISTS WHO PROVIDE SURGICAL SERVICES TO PATIENTS OF LURIE CHILDREN'S IN THE AREAS OF CARDIAC SURGERY, FETAL SURGERY, NEUROSURGERY, OPHTHALMOLOGY, ORTHOPAEDICS, OTOLARYNGOLOGY, PEDIATRIC SURGERY, PLASTIC SURGERY, TRANSPLANT SURGERY, AND UROLOGY. LCSF SURGEONS PERFORMED OVER 15,000 SURGICAL PROCEDURES DURING THE TWELVE MONTHS ENDED AUGUST 31, 2021. LCSF PROVIDES SERVICES REGARDLESS OF THE PATIENT'S ABILITY TO PAY. IT ACCEPTS PATIENTS COVERED BY MEDICARE AND MEDICAID AND PROVIDES FINANCIAL ASSISTANCE UNDER ITS FINANCIAL ASSISTANCE POLICY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph M Forbess MD Physician | 40 | $1,549,525 | |
Fizan Abdullah MD Physician | 40 | $1,014,265 | |
Marleta Reynolds MD Ex-Officio Director/physician | Trustee | 40 | $983,705 |
Sandi K Lam MD Physician | 40 | $978,506 | |
Arthur J Di Patri Jr MD Physician | 40 | $946,809 | |
Tord D Alden MD Physician | 40 | $945,117 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Revenue Integrity Management Servic Billing Services | 8/30/21 | $2,225,603 |
Northwestern Memorial Hospital Physician Services | 8/30/21 | $643,598 |
Rehabilitation Institute Physician Services | 8/30/21 | $132,229 |
Northwestern Medical Group Physician Services | 8/30/21 | $563,238 |
Women's Health Consultants Sc Physician Services | 8/30/21 | $267,544 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,672,720 |
| Government grants | $411,621 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,084,341 |
| Total Program Service Revenue | $61,204,204 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,288,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $4,587,305 |
| Compensation of current officers, directors, key employees. | $161,956 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,627,557 |
| Pension plan accruals and contributions | $3,815,136 |
| Other employee benefits | $6,662,446 |
| Payroll taxes | $1,908,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,985,327 |
| Advertising and promotion | $55,706 |
| Office expenses | $60,473 |
| Information technology | $31,520 |
| Royalties | $0 |
| Occupancy | $3,787,709 |
| Travel | $57,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,374 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,806,555 |
| All other expenses | $403,450 |
| Total functional expenses | $89,685,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,679,761 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $727,596 |
| Total assets | $8,407,357 |
| Accounts payable and accrued expenses | $3,826,448 |
| 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 | $4,395,082 |
| Total liabilities | $8,221,530 |
| Net assets without donor restrictions | $185,827 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,407,357 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lurie Childrens Surgical Foundation Inc has recieved totaling $25,530,301.
| Awarding Organization | Amount |
|---|---|
Ann & Robert H Lurie Childrens Hospital Of Chicago Chicago, IL PURPOSE: MISSION SUPPORT | $24,705,646 |
Ann & Robert H Lurie Childrens Hospital Of Chicago Chicago, IL PURPOSE: RELEASED FROM RESTRICTION | $824,655 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Hospital Of Wisconsin Inc Milwaukee, WI | $2,282,615,599 | $784,184,935 |
Ssm Health Cardinal Glennon Childrens Hospital St Louis, MO | $556,567,153 | $413,043,691 |
Rehabilitation Institute Of Chicago Chicago, IL | $1,284,760,525 | $362,623,676 |
Childrens Hospital And Health System Inc Milwaukee, WI | $95,520,569 | $196,833,100 |
Dell Childrens Medical Group St Louis, MO | $36,825,902 | $94,652,892 |
Childrens Specialty Group Inc Milwaukee, WI | $70,971,354 | $127,183,579 |
Lurie Childrens Surgical Foundation Inc Chicago, IL | $8,407,357 | $87,288,545 |
La Rabida Childrens Hospital Chicago, IL | $258,304,175 | $71,939,237 |
Childrens Hospital Of Chicago Medical Center Chicago, IL | $11,134,709 | $50,855,093 |
Burnett Medical Center Inc Grantsburg, WI | $27,610,432 | $27,344,828 |
Community Stroke And Rehabilitation Center Inc Munster, IN | $55,866,066 | $21,660,242 |
Ability Kc Kansas City, MO | $17,203,026 | $16,180,288 |