2024-05-10T14:53:31-05:00 2023-06-30 PWC US TAX LLP 2001 MARKET STREET PHILADELPHIA PA 19103 990 2022-07-01 232237932 THE CHILDREN'S HOSPITAL OF PHILADELPHIA FOUNDATION % SOPHIA G HOLDER CHIL 2155901000 3401 CIVIC CENTER BOULEVARD PHILADELPHIA PA 19104 SOPHIA G HOLDER EVP - CFO 2155901000 2024-05-08 true SOPHIA G HOLDER 999009999 ERICA MCREYNOLDS P00977806 2673303000 2024-04-29 2 2022 2023-04-26 12:10:37Z MADELINE BELL 3401 CIVIC CTR BLVD PHILADELPHIA PA 19104 1699372710 false X WWW.CHOP.EDU X 1983 PA SEE SCHEDULE O 17 14 0 1224 7839580 7250977 173437771 166348108 0 0 115720687 211201960 0 0 289158458 377550068 145753595 160123421 0 0 20051320 27847674 4283403 5449372 18440250 18136599 17303330 188224917 210723797 100933541 166826271 4048945159 4392384353 1514817305 1816738582 2534127854 2575645771 X SEE SCHEDULE O false false 160123421 160123421 HOSPITAL PARENT ORGANIZATION RAISES FUNDS FOR CHARITABLE PURPOSES TO SUPPORT THE CHILDREN'S HOSPITAL OF PHILADELPHIA. 160123421 true true false false false false false false true true true false true true false false true false false true false false true true false false true false true false false false false false false false false true false false false false true true true false false true 0 0 0 true true false false false false true true false false false false false false X 17 14 false false false false false false false true true false false false true true true true true true true true AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY X SOPHIA G HOLDER 2155901000 3401 CIVIC CTR BLVD PHILADELPHIA PA 191044388 X MADELINE BELL PRESIDENT & CEO, TRUSTEE 1.0 45.0 X X 0 3682052 58004 N SCOTT ADZICK MD TRUSTEE 1.0 45.0 X 0 2291952 42274 JOSEPH W ST GEME III MD TRUSTEE 1.0 45.0 X 0 1633209 37707 SOPHIA G HOLDER ASSISTANT TREASURER 1.0 45.0 X 0 1564728 46778 JEFFREY D KAHN ASSISTANT SECRETARY 1.0 45.0 X 0 1400069 63102 JENNY CHAN SVP & CHIEF INVESTMENT OFFICER 1.0 45.0 X 0 1048446 37499 ASHLEY MCEVOY TRUSTEE 1.0 2.0 X 0 0 0 CHRISTOPHER GHEYSENS CHAIR & TRUSTEE 1.0 2.0 X X 0 0 0 DAMIEN DWIN TRUSTEE 1.0 2.0 X 0 0 0 DIEM H NGUYEN PHD TRUSTEE 1.0 3.0 X 0 0 0 GEORGE E AITKEN-DAVIES TRUSTEE 1.0 2.0 X 0 0 0 GREGORY DAVIS VICE CHAIR & TRUSTEE 1.0 2.0 X X 0 0 0 LISSA BIESECKER LONGACRE SECRETARY & TRUSTEE 1.0 2.0 X X 0 0 0 SETH LEHR TREASURER & TRUSTEE 1.0 2.0 X X 0 0 0 SHARAD MANSUKANI MD TRUSTEE 1.0 2.0 X 0 0 0 STEVEN GIPSTEIN MD TRUSTEE 1.0 2.0 X 0 0 0 AMANDA WESTPHAL RADCLIFFE TRUSTEE 1.0 2.0 X 0 0 0 BRIAN M MCNEILL TRUSTEE 1.0 2.0 X 0 0 0 DAVID NICHOLS MD TRUSTEE 1.0 2.0 X 0 0 0 JAY A PERMAN MD TRUSTEE 1.0 2.0 X 0 0 0 0 11620456 285364 0 false true false RKD GROUP LLC 3400 WATERVIEW PARKWAY SUITE 250 RICHARDSON TX 75080 FUNDRAISER/MARKETER 3734799 AH CAPITAL MANAGEMENT LLC 2864 SAND HILL ROAD MENLO PARK CA 94025 Investment Mgmt 1980607 ACCEL MANAGEMENT COMPANY LLC 500 UNIVERSITY AVENUE PALO ALTO CA 94301 Investment Mgmt 1857700 THE BAUPOST GROUP LLC 10 ST JAMES AVENUE SUITE 1700 BOSTON MA 02116 Investment Mgmt 1341973 VARDE MANAGEMENT LP 901 MARQUETTE AVENUE SOUTH SUITE 3 MINNEAPOLIS MN 55402 Investment Mgmt 1126100 45 7974626 66100000 92273482 19381323 166348108 0 22846443 7839580 15006863 0 0 0 0 0 1507621424 1319265907 188355517 188355517 188355517 2556735 7974626 2556735 0 0 0 0 0 0 0 0 0 377550068 7839580 203362380 160123421 160123421 0 0 0 6307045 4225720 2081325 0 17036860 11414696 5622164 0 4503769 3017525 1486244 0 287724 233524 54200 6045 5700 345 0 0 5449372 5449372 9771742 9771742 135262 76598 58664 3104926 571704 2533222 196748 81748 115000 956874 920224 36650 0 432278 426164 6114 338372 120229 218143 0 94631 63422 31209 0 28050 5894 22156 1074 1074 50000 50000 UBTI TAX PAYMENTS 883044 883044 0 DEV., EDU. & SUBSCRIPTIONS 929836 328138 601698 SPECIAL FUNCTIONS/PROJECTS 77452 12280 65172 EMPLOYEE EXPENSES 9272 700 8572 210723797 160123421 32160126 18440250 0 0 999704 5562518 117761693 89915582 0 0 0 0 0 0 0 0 0 0 300449 1775687 1040435 1013034 28474 27401 1622844629 1704797638 1763897993 1836445208 0 0 0 0 543112217 753860319 4048945159 4392384353 5698595 3593881 0 0 1160535 1096856 0 0 0 0 0 0 0 0 0 0 1507958175 1812047845 1514817305 1816738582 X 1960274740 1901340143 573853115 674305628 2534127854 2575645771 4048945159 4392384353 X 166826271 -46967573 -78340781 X false true X true false X 113142267 104092826 142687741 173437771 166348108 699708713 0 0 113142267 104092826 142687741 173437771 166348108 699708713 180158583 519550130 31834744 31234554 22880956 20481583 15006863 121438700 1992127 1447555 1987656 3274615 7250977 15952930 0 837100343 0.62065 0.81899 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3330763000 94006000 255465000 187399000 3492835000 3446602000 58026000 -39833000 134032000 3330763000 2603047000 81397000 883521000 121363000 3446602000 2371941000 266832000 99565000 135291000 2603047000 2047095000 288776000 176375000 140305000 2371941000 0.89000 0.07000 0.04000 false false 1040435 -1013034 27401 27401 CLOSELY HELD EQUITY INTERESTS 1813463191 F PORTFOLIO VALUATION 22982017 F 1836445208 INTERCOMPANY RECEIVABLES 744389861 OTHER RECEIVABLES 9470458 753860319 0 INTERCOMPANY PAYABLES 1812047845 1812047845 SCHEDULE D, PART V, LINE 4 THE INTENDED USE OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA FOUNDATION'S ENDOWMENT IS TO SUPPORT THE MISSION AND LONG-TERM FINANCIAL STABILITY OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA BY, AMONG OTHER THINGS, HELPING TO FUND CAPITAL EXPENDITURES FOR EQUIPMENT, CAPITAL PROJECTS, MEDICAL EDUCATION PROGRAMS, HEALTH CARE PROGRAMS, AND MEDICAL, PATIENT AND RESEARCH SERVICES OF THE HOSPITAL, IN ACCORDANCE WITH ANY STIPULATED DONOR RESTRICTIONS. Central America and the Caribbean Investments 476935827 Central America and the Caribbean 3 Fundraising 23765 Europe (Including Iceland and Greenland) 1 Investments 20369 Middle East and North Africa 2 Fundraising 61933 Sub-Saharan Africa 1 Fundraising 14740 North America Investments 2962401 Europe (Including Iceland and Greenland) Investments 43083812 7 7 523102847 523102847 true false true true true false X X X X X X true Robbinskersten Direct LLC 3400 WATERVIEW PARKWAY SUITE 250 RICHARDSON TX 75080 Direct Mail false 3414300 Community Counselling Service Co LL 2001 MARKET STREET SUITE 2500 PHILADELPHIA PA 19103 FUNDRAISING CONSULTING false 457987 Simio Cloud LLC 2900 E APACHE TULSA OK 74101 DATA SERVICES false 140865 OBERLAND 42 FARVIEW AVENUE NAVESINK NJ 07716 CAMPAIGN CONSULTING false 470000 Modea Holdings Inc 301 S MAIN STREET SUITE 210 BLACKSBURG VA 24060 Marketing Project false 664400 GOBEL GROUP LLC 450 Carillon Parkway St Petersburg FL 33716 CONSULTING false 77125 MCR INC 4730 N Crescent Blvd Merchantville NJ 08109 Direct Mail false 65483 THE WOODMARK GROUP 1904 Third Ave Suite 819 Seattle WA 98101 Fundraising Support false 62518 MAL WARWICK ASSOC INC 2550 Ninth Street Suite 103 Berkeley CA 94710 CONSULTANTS false 45214 DONORSEARCH 11245 Dovedale Ct Marriottsville MD 21104 DATA SERVICES false 30000 5427892 All States Carousel Ball 3822056 2438160 1383896 1383896 Parkway Run 2100997 1826167 274830 274830 10 4608308 3710299 898009 898009 10531361 7974626 2556735 2556735 2556735 true THE CHILDREN'S HOSPITAL OF PHILADELPHIA 3401 CIVIC CENTER BLVD PHILA PA 19104 231352166 501(C)(3) 127397530 FMV N/A TO BENEFIT CHOP CHILDREN'S HEALTH CARE ASSOCIATES INC 3615 Civic Center Blvd 13th Floor R PHILA PA 19104 222785804 501(C)(3) 18180152 FMV N/A TO BENEFIT CHCA CHILDREN'S SURGICAL ASSOCIATES LTD 3500 Civic Center Blvd 2nd Floor Ro PHILA PA 19104 232589322 501(C)(3) 7426248 FMV N/A TO BENEFIT CSA CHILDREN'S ANESTHESIOLOGY ASSOCIATES LTD 3401 CIVIC CENTER BLVD PHILA PA 19104 232592835 501(C)(3) 3303498 FMV N/A TO BENEFIT CAA RADIOLOGY ASSOCIATES OF CHOP 3401 CIVIC CENTER BLVD PHILA PA 19104 232665855 501(C)(3) 3815993 FMV N/A TO BENEFIT RACH 5 SCHEDULE I, PART I, LINE 2 ALL AMOUNTS THAT ARE SPECIFIED BY THE DONORS TO BENEFIT CHOP ARE TRANSFERRED TO CHOP REGULARLY. ALL DONOR DOCUMENTATION IS MAINTAINED AND THE TRANSFERS ARE TRACKED THROUGH THE FOUNDATION'S ENTERPRISE RESOURCE PLANNING SOFTWARE AS THEY ARE MADE. X true true false true false false false false false false false JEFFREY D KAHN ASSISTANT SECRETARY 0 739638 0 505754 0 154677 0 30610 0 32492 0 1463171 0 0 JOSEPH W ST GEME III MD TRUSTEE 0 1007996 0 454608 0 170605 0 27450 0 10257 0 1670916 0 0 MADELINE BELL PRESIDENT & CEO, TRUSTEE 0 1718416 0 1582761 0 380875 0 30610 0 27394 0 3740056 0 0 N SCOTT ADZICK MD TRUSTEE 0 1438806 0 592718 0 260428 0 27450 0 14824 0 2334226 0 0 SOPHIA G HOLDER ASSISTANT TREASURER 0 855360 0 576329 0 133039 0 21350 0 25428 0 1611506 0 0 JENNY CHAN SVP & CHIEF INVESTMENT OFFICER 0 619037 0 349525 0 79884 0 20750 0 16749 0 1085945 0 0 SCHEDULE J, PART I, LINE 1 THE CHILDREN'S HOSPITAL OF PHILADELPHIA PROVIDED THE HEALTH OR SOCIAL CLUB DUES OF MADELINE BELL TO A CLUB THAT DOES NOT HAVE CORPORATE MEMBERSHIPS, TO ENABLE THE HOSPITAL TO USE THE CLUB'S FACILITIES FOR HOSPITAL MEETINGS AND EVENTS. THE HEALTH OR SOCIAL CLUB DUES ARE TREATED AS NON-TAXABLE COMPENSATION TO THE INDIVIDUAL. THE INDIVIDUAL IS PERSONALLY RESPONSIBLE FOR, AND BEARS THE COST OF, ANY EXPENSES THAT MAY ARISE FROM HER PRIVATE USE OF THE CLUB. SCHEDULE J, PART I, LINE 4B MADELINE BELL - 315,251 N. SCOTT ADZICK MD - 259,049 JOSEPH W. ST. GEME III MD - 163,764 SOPHIA G. HOLDER - 128,314 JEFFREY D. KAHN - 100,835 JENNY CHAN - 75,848 SCHEDULE J, PART II, COLUMN (C) The amount reported here may include changes in actuarial values of SERPs as required to be reported by the IRS. X 105 19381323 Market Quotes false true true SCHEDULE M, PART I, LINE 32B IN FY23, THE CHOP FOUNDATION USED BNY MELLON CAPITAL PARTNERS, LLC TO ASSIST IN THE LIQUIDATION OF NON-CASH DONATIONS. CHOP FOUNDATION ENLISTS THE SERVICES OF SSGA TO MANAGE ITS ANNUITIES. FORM 990, PART I, LINE 1 & FORM 990, PART III, LINE 1 RAISE CHARITABLE CONTRIBUTIONS TO SUPPORT THE TAX-EXEMPT ACTIVITIES OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARDS OF THE CHILDREN'S HOSPITAL OF PHILADELPHIA FOUNDATION AND THE CHILDREN'S HOSPITAL OF PHILADEPHIA (COLLECTIVELY, THE "BOARD") IS DELEGATED AUTHORITY TO EXERCISE POWERS ON BEHALF OF THE BOARD PURSUANT TO THE HOSPITAL'S AND FOUNDATION'S BYLAWS.THE COMMITTEE HAS AT LEAST FIVE (5) MEMBERS, ALL OF WHOM MUST BE TRUSTEES OF THE BOARD. THE COMMITTEE MAY EXERCISE ALL OF THE POWERS AND AUTHORITIES OF THE BOARD UNLESS PROHIBITED BY LAW OR BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11A and 11B PRIOR TO ITS FILING, A COPY OF THIS RETURN WITH THE NAME AND ADDRESS OF ONE DONOR REDACTED FROM SCHEDULE B, SCHEDULE OF CONTRIBUTORS, AS REQUESTED BY THE DONOR TO PRESERVE THEIR ANONYMITY, WAS REVIEWED WITH THE AUDIT, COMPLIANCE, AND RISK COMMITTEE OF THE BOARD AND MADE AVAILABLE TO ALL MEMBERS OF THE BOARD. THE RETURN AS FILED WITH THE IRS WAS COMPLETE IN ALL RESPECTS. FORM 990, PART VI, SECTION B, LINE 12 THE CHILDREN'S HOSPITAL OF PHILADELPHIA MAINTAINS A CONFLICTS OF INTEREST PROGRAM PURSUANT TO ITS WRITTEN CONFLICTS OF INTEREST (COI) POLICY APPLICABLE TO THE HOSPITAL AND ITS AFFILIATES. THE POLICY REQUIRES SUBMISSION OF ANNUAL CONFLICT OF INTEREST DISCLOSURES BY TRUSTEES, OFFICERS, MEMBERS OF SENIOR MANAGEMENT, MEMBERS OF THE MEDICAL STAFF, RESEARCHERS, AND CERTAIN OTHERS EMPLOYED BY OR AFFILIATED WITH THE HOSPITAL AND ITS AFFILIATES TO THE HOSPITAL'S OFFICE OF COMPLIANCE AND PRIVACY (OCP). THE DISCLOSURES COVER GIFTS, OUTSIDE INTERESTS, OUTSIDE ACTIVITIES AND OTHER MATTERS THAT MAY CONSTITUTE A POTENTIAL OR ACTUAL CONFLICT OF INTEREST. DISCLOSURES SUBMITTED BY TRUSTEES, OFFICERS, AND MEMBERS OF SENIOR MANAGEMENT (INCLUDING KEY EMPLOYEES) ARE REVIEWED BY THE OCP AND THE OFFICE OF GENERAL COUNSEL AND SUMMARIES ARE REVIEWED BY THE AUDIT, COMPLIANCE AND RISK COMMITTEE OF THE BOARD. WHERE APPROPRIATE, WRITTEN COI MANAGEMENT PLANS ARE PUT IN PLACE AND MONITORED FOR COMPLIANCE BY THE OCP. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF OFFICERS WHO ARE MEMBERS OF CHOP'S EXECUTIVE LEADERSHIP, KEY EMPLOYEES AND CERTAIN OTHER INDIVIDUALS IN KEY LEADERSHIP POSITIONS IS REVIEWED AND APPROVED ANNUALLY BY AN INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD. THE COMMITTEE REVIEWS AND APPROVES IN ADVANCE THE COMPENSATION TO BE PROVIDED TO OFFICERS, KEY EMPLOYEES, AND CERTAIN OTHER INDIVIDUALS IN KEY LEADERSHIP POSITIONS. THIS PROCESS WAS LAST PERFORMED IN 2023. IN MAKING ITS DETERMINATIONS, THE COMMITTEE CONSIDERS THE PERFORMANCE OF THE ORGANIZATION AND THAT OF THE COVERED INDIVIDUAL AS WELL AS RELATED BUSINESS JUDGMENT FACTORS. IT ALSO CONSIDERS MARKET COMPARISON REPORTS PREPARED BY AN EXTERNAL INDEPENDENT COMPENSATION CONSULTANT WITH EXPERTISE IN PERFORMING EXECUTIVE AND PHYSICIAN COMPENSATION ASSESSMENTS FOR NOT-FOR-PROFIT HEALTHCARE ORGANIZATIONS. THE PEER GROUP GENERALLY INCLUDES LARGE AND COMPLEX ACADEMIC MEDICAL CENTERS AND HEALTH SYSTEMS. INFORMATION FROM OTHER ORGANIZATIONS MAY ALSO BE CONSIDERED WHERE APPROPRIATE FOR THE POSITION. THE COMMITTEE'S PROCESS IS DESIGNED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR THOSE INDIVIDUALS WHO ARE DISQUALIFIED PERSONS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. THE CONFLICTS OF INTEREST POLICY IS AVAILABLE ON THE CHILDREN'S HOSPITAL OF PHILADELPHIA'S WEBSITE. FORM 990, PART XI, LINE 9 OTHER CHANGES TO RESTRICTED NET ASSETS (65,642,902) OTHER ADJUSTMENTS (32,737) SPECIAL EVENTS EXPENSES (2,556,735) TRANSFER TO AFFILIATES (10,108,407) ------------ TOTAL (78,340,781) THE CHILDREN'S HOSPITAL OF PHILADELPHIA 3401 CIVIC CENTER BLVD PHILADELPHIA PA 19104 231352166 HEALTHCARE PA 501(c)(3) 3 CHOP FND true FIRST MEDICAL INSURANCE COMPANY (RRG) 463 mountain view drive colchester VT 05446 010719207 SELF INSURANC VT 501(c)(3) 12 III - FI CHOP true CHOP PRACTICE ASSOCIATION 3401 CIVIC CENTER BLVD PHILADELPHIA PA 19104 232311482 HEALTHCARE PA 501(c)(3) 12 III - FI CHOP true CHOP CLINICAL ASSOCIATES INC C/O CHOP 3401 CIVIC CTR BLVD PHILADELPHIA PA 19104 223548970 HEALTHCARE NJ 501(c)(3) 12 III - FI CHOP true PGH DEVELOPMENT CORPORATION 426 CURIE BLVD PHILADELPHIA PA 19104 232351015 SUPPORT PA 501(c)(3) 12 I NA false CHILDREN'S ANESTHESIOLOGY ASSOC OF NJ 3401 CIVIC CENTER BLVD PHILADELPHIA PA 19104 223405673 HEALTHCARE NJ 501(c)(3) 10 CHOP true CHILDREN'S ANESTHESIOLOGY ASSOC LTD 3401 CIVIC CENTER BLVD PHILADELPHIA PA 19104 232592835 HEALTHCARE PA 501(c)(3) 10 CHOP true CHILDREN'S SURGICAL ASSOCIATES LTD 3500 Civic Center Blvd 2nd Floor Ro PHILADELPHIA PA 19104 232589322 HEALTHCARE PA 501(c)(3) 10 CHOP true SURGICAL ASSOCIATES RESEARCH & EDUCATION 3500 Civic Center Blvd 2nd Floor Ro PHILADELPHIA PA 19104 232181768 RESEARCH PA 501(c)(3) 12 III - FI CHOP true CHILDREN'S SURGICAL ASSOCIATES OF NJ 3401 CIVIC CENTER BLVD PHILADELPHIA PA 19104 223348481 HEALTHCARE NJ 501(c)(3) 10 CHOP true RADIOLOGY ASSOCIATES OF CHOP 3401 CIVIC CENTER BLVD PHILADELPHIA PA 19104 232665855 HEALTHCARE PA 501(c)(3) 10 CHOP true CHILDREN'S HEALTH CARE ASSOCIATES INC 3615 Civic Center Blvd 13th Floor R PHILADELPHIA PA 19104 222785804 HEALTHCARE PA 501(c)(3) 10 CHOP true CHILDREN'S HEALTH CARE ASSOCIATES OF NJ 3615 Civic Center Blvd 13th Floor R PHILADELPHIA PA 19104 233036699 HEALTHCARE NJ 501(c)(3) 10 CHOP true CHILDREN'S RADIOLOGY ASSOCIATES OF NJ 3401 CIVIC CENTER BLVD PHILADELPHIA PA 19104 811626790 HEALTHCARE NJ 501(C)(3) 10 CHOP true 1700 BROAD STREET INC 3401 CIVIC CENTER BLVD PHILADELPHIA PA 19104 471509789 SUPPORT PA 501(C)(3) 10 CHOP true Vitara Biomedical Inc 2400 Market Street Suite 271 Philadelphia PA 19103 843545298 Biomedical DE CHOP Foundation C Corp -13074198 5880747 0.55680 true false true true false false false false false false false false true false true true true false true false The Children's Hospital of Philadelphia B,L,N 558896515 FMV Children's Surgical Associates LTD B,C 28426248 FMV Children's Health Care Associates Inc B,C 54265152 FMV Radiology Associates of CHOP B,C 7815993 FMV Children's Anesthesiology Associates Ltd B,C 8318498 FMV VITARA BIOMEDICAL INC R 3333032 FMV