Rady Childrens Hospital-San Diego
- Assets
- $3.2b
- Revenue
- $1.3b
- Investments
- $206.5m
- Employees
- 5,891
- Location
- San Diego, CA
- Founding
- 07/1997
- Data as of
- 06/2021
- EIN
- 95-1691313
Organization Overview
Rady Childrens Hospital-San Diego is located in San Diego, CA. The organization was established in 1997. 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 06/2021, Rady Childrens Hospital-San Diego employed 5,891 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rady Childrens Hospital-San Diego 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 06/2021, Rady Childrens Hospital-San Diego generated $1.3b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.2b during the year ending 06/2021. 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.
Since 2015, Rady Childrens Hospital-San Diego has awarded 22 individual grants totaling $47,197,965. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HOSPITAL PROVIDES COMPREHENSIVE PEDIATRIC MEDICAL SERVICES IN SAN DIEGO, SOUTHERN RIVERSIDE, AND IMPERIAL COUNTIES.
Describe the Organization's Program Activity:
SEE SCHEDULE ORADY CHILDREN'S HOSPITAL SAN DIEGO (THE HOSPITAL) IS A REGIONAL TERTIARY AND QUATERNARY REFERRAL CENTER AND PROVIDES COMPREHENSIVE INPATIENT AND OUTPATIENT ACUTE, PSYCHIATRIC AND INTENSIVE CARE PEDIATRIC SERVICES. THE HOSPITAL ALSO IS THE SOLE PEDIATRIC PROVIDER AND DESIGNATED PEDIATRIC TRAUMA CENTER FOR SAN DIEGO COUNTY AND IS THE PRIMARY SOURCE OF PEDIATRIC AND NEONATAL INTENSIVE CARE SERVICES FOR BOTH SAN DIEGO AND IMPERIAL COUNTIES. ON ITS MAIN CAMPUS THE HOSPITAL OPERATES THE ONLY LEVEL 4 FULL SCOPE NEONATAL INTENSIVE CARE UNIT IN SAN DIEGO, RIVERSIDE AND IMPERIAL COUNTIES. IN ADDITION, THE HOSPITAL OPERATES AN 11-BED LEVEL 3 NEONATAL INTENSIVE CARE UNIT AT SOUTHWEST HEALTHCARE SYSTEM IN RANCHO SPRINGS, AN 8-BED LEVEL 2 NEONATAL INTENSIVE CARE UNIT FOR SCRIPPS MEMORIAL HOSPITAL IN ENCINITAS, AN 18-BED LEVEL 3 NEONATAL INTENSIVE CARE UNIT FOR SCRIPPS MEMORITAL HOSPITAL IN LA JOLLA, AND TWO LEVEL 2 NEONATAL INTENSIVE CARE UNITS FOR SCRIPPS MERCY HOSPITAL LOCATED IN SAN DIEGO AND CHULA VISTA; AN 11-BED PEDIATRIC MEDICAL UNIT FOR SHARP HEALTH LOCATED AT ITS SHARP GROSSMONT CAMPUS; AND A LEVEL 3, 4-BED NEONATAL INTENSIVE CARE UNIT, LOCATED AT PALOMAR MEDICAL CENTER IN ESCONDIDO. THE HOSPITAL IS AMALGAMATED WITH THE UNIVERSITY OF CALIFORNIA, SAN DIEGO, HEALTH SCIENCES, AND SERVES AS A CENTER FOR GRADUATE AND POST-GRADUATE EDUCATION IN THE FIELD OF PEDIATRICS. ANNUALLY, THE HOSPITAL HAS APPROXIMATELY 15,000 INPATIENT ADMISSIONS AND APPROXIMATELY 344,000 VISITS PER YEAR IN ITS OUTPATIENT DEPARTMENTS. ADDITIONALLY, THE EMERGENCY DEPARTMENT AND URGENT CARE CENTERS PROVIDE APPROXIMATELY 65,000 AND 24,000 VISITS, RESPECTIVELY, PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Frias MD President & CEO | Officer | 29 | $1,468,731 |
Margareta E Norton Exec Vp, Cao, Secretary (thru 02/20) | 20 | $1,134,424 | |
Nicholas M Holmes Sr Vp, COO | Officer | 35 | $817,492 |
Gail L Knight MD Sr Vp, Cmo | Officer | 37 | $806,411 |
Charles B Davis Sr Vp, Mpf COO & Care Redesign | Officer | 40 | $699,054 |
Donald B Kearns MD Mmm President Emeritus | 14 | $678,312 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Human Capital Select Llc Agency Labor | 6/29/21 | $11,036,964 |
Children's Physicians Medical Group Medical Services | 6/29/21 | $31,495,986 |
Scripps Memorial Hospital La Jolla Medical Services | 6/29/21 | $9,923,253 |
The Regents Of The University Of Califor Medical Services | 6/29/21 | $40,786,645 |
Children's Specialists Of San Diego Medical Services | 6/29/21 | $132,403,655 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $81,218,180 |
| Government grants | $50,297,081 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,556,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,071,860 |
| Total Program Service Revenue | $1,086,576,280 |
| Investment income | $18,098,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,440,945 |
| Net Gain/Loss on Asset Sales | $65,073,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,323,878,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,389,098 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $274,717 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,714,237 |
| Compensation of current officers, directors, key employees. | $6,564,989 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $380,091,184 |
| Pension plan accruals and contributions | $44,794,986 |
| Other employee benefits | $42,408,353 |
| Payroll taxes | $29,843,395 |
| Fees for services: Management | $7,210,865 |
| Fees for services: Legal | $606,455 |
| Fees for services: Accounting | $481,930 |
| Fees for services: Lobbying | $130,918 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,303,091 |
| Fees for services: Other | $373,419,025 |
| Advertising and promotion | $1,552,091 |
| Office expenses | $2,051,074 |
| Information technology | $16,328,223 |
| Royalties | $0 |
| Occupancy | $14,613,984 |
| Travel | $452,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $481,792 |
| Interest | $14,936,569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,077,907 |
| Insurance | $13,718,631 |
| All other expenses | $19,032,973 |
| Total functional expenses | $1,166,999,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,181,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $173,334,496 |
| Loans from Officers, Directors, or Controlling Persons | $212,109 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $93,729 |
| Inventories for sale or use | $10,629,863 |
| Prepaid expenses and deferred charges | $35,345,481 |
| Net Land, buildings, and equipment | $476,491,667 |
| Investments—publicly traded securities | $2,008,686,205 |
| Investments—other securities | $206,461,266 |
| Investments—program-related | $0 |
| Intangible assets | $608,000 |
| Other assets | $117,985,713 |
| Total assets | $3,154,030,389 |
| Accounts payable and accrued expenses | $210,981,900 |
| Grants payable | $0 |
| Deferred revenue | $200,076,372 |
| Tax-exempt bond liabilities | $262,243,361 |
| 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 | $470,745,421 |
| Total liabilities | $1,144,047,054 |
| Net assets without donor restrictions | $1,868,738,821 |
| Net assets with donor restrictions | $141,244,514 |
| 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 | $3,154,030,389 |
Grants Awarded
Over the last fiscal year, Rady Childrens Hospital-San Diego has awarded $5,389,098 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: SUPPORT MISSION | $3,569,150 |
La Jolla, CA PURPOSE: SUPPORT MISSION | $1,779,948 |
San Diego, CA PURPOSE: SUPPORT MISSION | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rady Childrens Hospital-San Diego has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Vincent C Immordino Charitable Foundation Henderson, NV PURPOSE: PECKHAM CENTER FOR CANCER AND BLOOD DISORDERS | $10,000 |
Endowment Analysis
| Beg. Balance | $114,591,220 |
| Earnings | $29,121,590 |
| Admin Expense | $70,538 |
| Net Contributions | $4,258,030 |
| Other Expense | $3,568,781 |
| Ending Balance | $144,331,521 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Hospital Of Orange County Orange, CA | $1,359,092,221 | $992,003,540 |
Valley Childrens Hospital Madera, CA | $1,839,248,835 | $769,133,065 |
Childrens Hospital & Research Center At Oakland Oakland, CA | $822,667,087 | $648,728,554 |
Casa Colina Hospital And Centers For Healthcare Pomona, CA | $87,824,424 | $102,811,572 |
Orthopaedic Hospital Los Angeles, CA | $321,251,598 | $66,783,859 |
Childrens Hospital At Mission Orange, CA | $55,659,576 | $65,022,734 |
Barlow Respiratory Hospital Los Angeles, CA | $108,306,008 | $66,669,998 |
Rehabilitation Hospital Of The Pacific Honolulu, HI | $92,438,994 | $51,014,066 |
Choc Foundation Orange, CA | $110,874,633 | $39,351,091 |
Hacienda Inc Phoenix, AZ | $14,483,649 | $24,771,824 |
Translational Pulmonary And Immunology Research Center Long Beach, CA | $5,349,856 | $21,502,717 |
Spectrum Medical Care Center Phoenix, AZ | $14,172,193 | $21,663,529 |