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Nonprofit · EIN 04-2774441

CHILDRENS HOSPITAL CORPORATION

Tax-exempt · BOSTON, MA 02115

Financials

$2.7B$2.9B2022$3.2B$3.2B2023$3.6B$3.5B2024
Revenue Expenses · by fiscal year end
Financials of CHILDRENS HOSPITAL CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$3,588,588,824$3,527,089,859$61,498,965$9,124,927,004$3,492,539,389$5,632,387,615
September 30, 2024990$3,165,214,831$3,150,537,035$14,677,796$8,899,360,805$3,535,034,881$5,364,325,924
September 30, 2023990$2,712,815,226$2,874,957,146-$162,141,920$8,080,111,478$2,991,147,261$5,088,964,217
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$598,845,413
of which government grants
$343,196,319
Program service revenue
$2,754,847,975
Investment income
$81,959,512
Net rental income
$27,156,882
Net gain from sales of assets
$63,094,387
Net income from fundraising events
-$1,352,500
Other revenue
$152,935,924

Expenses

Grants and similar amounts paid
$16,371,788
Compensation of officers, directors and key employees
$22,993,943
Other salaries and wages
$1,183,296,665
Salaries, compensation and benefits (total)
$1,532,400,971
Professional fundraising fees
$2,443,533
Legal fees
$10,069,789
Accounting fees
$3,976,966
Occupancy
$154,509,284
Travel
$9,219,778
Depreciation
$206,149,879
Program services (functional)
$3,015,673,822
Management and general (functional)
$462,842,758
Fundraising (functional)
$48,573,279

Balance sheet and other

Total assets, start of year
$8,899,360,805
Total assets, end of year
$9,124,927,004
Total liabilities, end of year
$3,492,539,389
Net assets, end of year
$5,632,387,615
Land, buildings and equipment
$2,954,554,645
Publicly traded securities
$752,034,960
Net assets without donor restrictions
$3,194,504,647
Net assets with donor restrictions
$2,437,882,968
Gross unrelated business income
$2,977,000
Gross receipts
$3,885,726,857
Employees
18,275
Volunteers
421
Year formed
1982
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Kevin Churchwell MDChief Executive Officer
Trustee or director, Officer
55$3,311,889$0$178,434
Philip RotnerChief Investment Officer
Key employee
55$1,882,678$0$78,326
Doug VandersliceTreasurer & EVP, System CFO
Officer
55$1,859,177$0$94,499
Peter Laussen MDEVP, Health Affairs
Key employee
55$1,448,138$0$109,811
Laura J Wood DNP MS RNEVP, Chief Nursing Officer
Key employee
55$1,307,311$0$104,584
Demosthenes ArgysEVP, Hospital Chief Operating
Key employee
55$1,301,539$0$71,714
Nancy AndrewsEVP, Chief Scientific Officer
Key employee
55$1,226,044$0$83,379
Lisa HogartySVP, RE Planning and Development
Key employee
55$1,105,116$0$72,491
Lisa AbbottEVP, Chief Human Resource Officer
Key employee
55$1,080,979$0$63,884
Christopher Viney JDSecretary & EVP, System General Counsel
Officer
55$1,034,936$0$70,530
Michele Garvin EsqEVP, Chief of Staff
Key employee
55$979,529$0$75,021
Alexander McAdamDepartment Chief, Lab Medicine
Highest-paid employee
55$959,398$0$61,144
Lynn SusmanEVP, Chief Development Officer
Key employee
55$919,503$0$79,945
Heather NelsonSVP, Chief Information Officer
Key employee
55$920,099$0$65,421
Joseph A Mitchell MD END 425EVP & President, Franciscan Children's Hospital
Key employee
5$0$939,919$1,000
35 more people on this return
NameTitleHours / weekCompensationOther / benefits
Cynthia HainesSVP, National & International
Highest-paid employee
55$842,657$71,836
Martin KellyDirector of Investments
Highest-paid employee
55$807,559$46,759
Nirav DesaiDirector of Investments
Highest-paid employee
55$794,227$47,319
Patricia Hickey PhD MBA RN NEA-BCSVP, Nursing/Patient Care
Key employee
55$775,035$49,717
Stacy DruryDepartment Chief, Psychiatry
Highest-paid employee
55$744,251$46,179
Michael GillespieSVP, Clinical Services
Key employee
55$674,985$64,588
Steven LuberSVP, Finance
Key employee
55$697,388$33,089
August CerviniSVP, Research Administration
Key employee
55$583,617$55,416
Sandra FenwickFormer President & CEO
Former
0$437,833$0
Bruce BalterAsst Treasurer/Dr Corp Fin Svcs
Officer
55$361,570$57,077
Christine GrenacheFormer Asst. Secretary
Former
0$172,269$0
Rob Graham END TERM 31625Asst Secretary/Sr Dr Enterprise Comm
Officer
55$147,144$392
Ryan Nagy MD BEGIN TERM 22625President & System COO
Trustee or director, Officer
55$0$0
Douglas BerthiaumeDirector - Chairperson
Trustee or director, Officer
5$0$0
Allan BufferdDirector
Trustee or director
1$0$0
Eugene Flood PhDDirector
Trustee or director
1$0$0
Winston HendersonDirector
Trustee or director
1$0$0
Ivor Horn MDDirector
Trustee or director
1$0$0
Stephen KarpDirector
Trustee or director
1$0$0
Steven KrichmarDirector
Trustee or director
1$0$0
Samarth Kulkarni PhDDirector
Trustee or director
1$0$0
Robert Langer ScDDirector
Trustee or director
1$0$0
Vivian Lee MDDirector
Trustee or director
1$0$0
Harvey Lodish PhDDirector
Trustee or director
1$0$0
Gary Loveman MDDirector
Trustee or director
1$0$0
James Mandell MDDirector
Trustee or director
1$0$0
Ralph C MartinDirector
Trustee or director
1$0$0
Thomas MelendezDirector
Trustee or director
1$0$0
Ted PappendickDirector
Trustee or director
1$0$0
Kathleen ReganDirector
Trustee or director
1$0$0
Anthony RyanDirector
Trustee or director
1$0$0
Robert A SmithDirector - Vice Chairman
Trustee or director, Officer
2$0$0
Alison Taunton-Rigby PhDDirector
Trustee or director
1$0$0
Lisa WielandDirector
Trustee or director
1$0$0
Shea Asfaw BEGIN TERM 31725Asst Secretary/Exec Director
Officer
55$0$0
990 for the year ended September 30, 2024: 46 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Kevin Churchwell MDPresident & CEO
Trustee or director, Officer
55$3,062,633$0$135,259
Philip RotnerChief Investment Officer
Key employee
55$1,976,654$0$67,747
Doug VandersliceEVP, CFO & Treasurer
Officer
55$1,604,073$0$80,122
Peter Laussen MDEVP, Health Affairs
Key employee
55$1,255,547$0$93,916
Michele Garvin EsqEVP, Chief of Staff
Key employee
55$1,201,614$0$53,172
Nancy AndrewsEVP, Chief Scientific Officer
Key employee
55$1,169,328$0$73,187
Joseph A Mitchell MDEVP & President, Franciscan's
Key employee
5$0$1,068,859$128,100
Demosthenes ArgysEVP, Hospital Chief Operating Officer, CCO
Key employee
55$1,085,881$0$51,848
Laura J Wood DNP MS RNEVP, Chief Nursing Officer
Key employee
55$1,005,064$0$74,650
Lynn SusmanEVP, Chief Development Off
Key employee
55$973,008$0$65,718
Lisa AbbottEVP, Chief Human Resources Officer
Key employee
55$979,532$0$26,630
Stacy DruryDepartment Chief, Psychiatry
Highest-paid employee
55$950,877$0$43,367
Sandra FenwickFormer President & CEO
Former
0$939,289$0$0
Martin KellyDirector, Investments
Highest-paid employee
55$863,256$0$48,759
Heather NelsonSVP, Chief Information Off
Key employee
55$846,498$0$52,926
Nirav DesaiDirector, Investments
Highest-paid employee
55$803,146$0$45,903
Cynthia HainesSVP, National & International Services
Highest-paid employee
55$783,533$0$56,028
Lisa HogartySVP, RE Planning and Devel
Key employee
55$779,598$0$56,590
Patricia Hickey PhD MBA RN NEA-BCSVP, Nursing/Patient Care
Key employee
55$783,148$0$48,968
Nader Rifai PhDDirector, Lab Medicine
Highest-paid employee
55$667,474$0$52,594
Steven LuberSVP, Finance
Key employee
55$663,304$0$29,388
Michael GillespieSVP, Clinical Services
Key employee
55$639,424$0$52,482
August CerviniSVP, Research Administration
Key employee
55$545,881$0$50,152
Bruce BalterAsst Treasurer/Dir Corp Fin
Officer
55$315,669$0$54,758
Daniel Nigrin MDFormer SVP & CIO
Former
0$315,203$0$0
Christopher Viney JDEVP, General Counsel & Sec
Officer
55$174,862$0$20,376
Christine GrenacheAsst Sec/Exec Manager (END TERM 6/30/24)
Officer
55$148,571$0$18,155
Douglas BerthiaumeDirector - Chairperson
Trustee or director, Officer
5$0$0$0
Allan BufferdDirector
Trustee or director
1$0$0$0
Winston HendersonDirector
Trustee or director
1$0$0$0
Ivor Horn MDDirector
Trustee or director
1$0$0$0
Stephen KarpDirector
Trustee or director
1$0$0$0
Steven KrichmarDirector
Trustee or director
1$0$0$0
Robert Langer ScDDirector
Trustee or director
1$0$0$0
Vivian Lee MDDirector
Trustee or director
1$0$0$0
Harvey Lodish PhDDirector
Trustee or director
1$0$0$0
Gary Loveman MDDirector
Trustee or director
1$0$0$0
Ralph C MartinDirector
Trustee or director
1$0$0$0
Thomas MelendezDirector
Trustee or director
1$0$0$0
Ted PappendickDirector
Trustee or director
1$0$0$0
Kathleen ReganDirector
Trustee or director
1$0$0$0
Robert A SmithDirector - Vice Chair
Trustee or director, Officer
2$0$0$0
Alison Taunton-Rigby PhDDirector
Trustee or director
1$0$0$0
Lisa WielandDirector
Trustee or director
1$0$0$0
James Mandell MDDirector
Trustee or director
1$0$0$0
Rob GrahamAsst Secretary/Sr Dr Ent Comm (BEGIN TERM 7/1/24)
Officer
55$0$0$0
990 for the year ended September 30, 2023: 43 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Kevin Churchwell MDPresident & CEO
Trustee or director, Officer
55$3,239,502$0$125,802
Doug VandersliceEVP, CFO & Treasurer
Officer
55$1,981,768$0$75,202
Philip RotnerChief Investment Officer
Key employee
55$1,872,096$0$63,954
Nancy AndrewsEVP, Chief Scientific Officer
Key employee
55$1,844,614$0$68,056
Michele Garvin EsqEVP, General Counsel & Secretary
Officer
55$1,698,464$0$45,408
Peter Laussen MDEVP, Health Affairs
Key employee
55$1,328,408$0$71,939
Demosthenes ArgysEVP, Chief Administrative Officer
Key employee
55$1,066,845$0$48,780
Laura J Wood DNP MS RNEVP, Chief Nursing Officer
Key employee
55$979,803$0$67,559
Sandra FenwickFormer President & CEO
Former
0$958,796$0$0
Martin KellyDirector, Investments
Highest-paid employee
55$901,441$0$44,483
Joseph MitchellEVP & President, Franciscan's
Key employee
5$0$917,580$21,500
Lynn SusmanEVP, Chief Development Officer
Key employee
55$841,364$0$60,504
Heather NelsonSVP, Chief Information Officer
Key employee
55$836,528$0$45,726
Alison SvizzeroDirector, Investments
Highest-paid employee
55$857,945$0$23,418
Cynthia HainesSVP, National & International
Highest-paid employee
55$824,277$0$52,214
Nirav DesaiDirector, Investments
Highest-paid employee
55$832,477$0$41,173
Lisa HogartySVP, RE Planning and Develop
Key employee
55$769,371$0$49,075
Patricia Hickey PhD MBA RN NEA-BCSVP, Nursing/Patient Care
Key employee
55$712,979$0$44,687
Nader Rifai PhDDirector, Lab Medicine
Highest-paid employee
55$703,171$0$47,979
Michael GillespieSVP, Clinical Services
Key employee
55$635,382$0$48,689
Steven LuberSVP, Finance
Key employee
55$588,349$0$10,437
August CerviniSVP, Research Administration
Key employee
55$541,091$0$46,172
Daniel Nigrin MDFormer SVP & CIO
Former
0$372,174$0$0
Bruce BalterAsst Treasurer/Dir Corp Fin Svcs
Officer
55$308,881$0$50,814
Christine GrenacheAsst Sec/Exec Manager
Officer
55$153,097$0$17,051
Douglas BerthiaumeDirector - Chairman
Trustee or director
5$0$0$0
Allan BufferdDirector
Trustee or director
1$0$0$0
Winston HendersonDirector
Trustee or director
1$0$0$0
Ivor Horn MDDirector
Trustee or director
1$0$0$0
Stephen KarpDirector
Trustee or director
1$0$0$0
Steven KrichmarDirector
Trustee or director
1$0$0$0
Robert Langer ScDDirector
Trustee or director
1$0$0$0
Vivian Lee MDDirector
Trustee or director
1$0$0$0
Harvey Lodish PhDDirector
Trustee or director
1$0$0$0
Gary Loveman MDDirector
Trustee or director
1$0$0$0
Ralph C MartinDirector
Trustee or director
1$0$0$0
Thomas MelendezDirector
Trustee or director
1$0$0$0
Ted PappendickDirector
Trustee or director
1$0$0$0
Kathleen ReganDirector
Trustee or director
1$0$0$0
Robert A SmithDirector - Vice Chair
Trustee or director
2$0$0$0
Alison Taunton-Rigby PhDDirector
Trustee or director
1$0$0$0
Lisa WielandDirector
Trustee or director
1$0$0$0
Marc B WolpowDirector (thru 1/30/23)
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
300 LONGWOOD AVE, BOSTON, MA 02115-5724
In care of
% THOMAS PELLEGRITI
Principal officer (990 for 2024)
Kevin B Churchwell MD, 300 Longwood Avenue, Boston, MA 02115
Signed the 990
Doug Vanderslice, EVP, CFO & Treasurer
Phone
(617) 355-6000
Return prepared by
Ernst & Young LLP

Mission

See Schedule O

990 for the year ended September 30, 2025

Program accomplishments

  • CLINICAL CARE: The services we offer from well child visits and treatment for typical child health issues (broken bones, tonsillitis, etc.) to chronic care (asthma, diabetes, obesity, etc.) and specialty services (oncology, cardiology, neurology) benefit from our clinicians' high level of specialization, our collaboration with research scientists (many of whom are also physicians) affiliated with the hospital, and our significant investments in equipment, facilities and clinical and support staff. Boston Children's is the safety net institution for very sick children throughout the region, supporting the entire health care system for the most complex pediatric cases. We receive referrals from community hospitals as well as from other academic medical centers throughout New England. Approximately 25% of our inpatients are transferred from hospitals & medical centers across Massachusetts for care that no one else can provide. In FY25, Boston Children's saw approximately 839,000 outpatient visits, 67,000 emergency department visits, 26,700 inpatient or observation stays, and 37,000 surgical cases. Our inpatient case mix index was 2.12 (MA only) and the average length of stay was 5.6 days. Of these patients, approximately 35% (patients on Medicaid/Medicare) are considered low income.We also offer the only pediatrics Department of Addiction Medicine in the U.S., as well as the only Orthopedic Sports Medicine program located at a children's hospital. We also offer the largest programs in Pediatric Anesthesiology, Pediatric Cardiology, and Pediatric Critical Care, in the nation. Our Medicaid ACO provides primary care to 20% of the children covered by Medicaid in the state. The ability to support the health-related social needs of patients and families via the ACO complements the work that we are doing in communities to address the more systemic social determinants of health. We can address "downstream" immediate needs of children and families, but also to work with communities and partners to affect the "upstream" factors that drive poorer health outcomes for so many. This includes a focus on policy that can impact the health.Increasingly, we have been able to care for and improve life and health outcomes for medically complex children, many with conditions such as congenital heart conditions, childhood cancers & complex neurological and neurosurgical conditions. Our capabilities are accelerating rapidly as we develop new clinical & surgical approaches including gene therapies, stem cell transplant procedures, fetal surgical interventions, and the like.Boston Children's is at the absolute forefront nationally in these & many other areas. As a result, we have seen significant growth in the number of complex patients served patients who stay longer, require more resources (such as intensive care unit-level care), use a broader range of interdisciplinary specialists, and frequently require substantial support for their whole family. Some of them travel great distances, but equally many are from here in Massachusetts.Boston Children's MA/Regional network consists of our satellite/physician office locations, formal primary care relationships with groups such as the PPOC and Atrius, community health center relationships and a broad array of relationships with other hospitals in MA and NE including community hospitals, academic medical centers and specialty hospitals. We maintain relationships of varying structures, shapes and sizes with nearly all of the major academic medical centers and specialty hospitals in MA and New England, from a single service agreement such as providing remote EEG interpretations to Elliot Hospital to staffing community hospitals 24/7 365 per year to our multi-faceted Brigham relationship and joint cancer program with Dana Farber. Our satellite/physician office locations and our community hospital relationships in eastern MA have been central to our commitment to increasing access to high quality pediatric services. Over the past 20+ years we have gradually grown our network of satellites/physician office locations and community hospital relationships providing a mix of neonatal, ED and inpatient services. Today, more than 30% of our outpatient specialty visits and surgical cases take place in a Boson Children's satellite or physician office location. Our affiliated community hospitals account for nearly half of our MA community hospital transfers and 30% (~ 1,000) of all intra-hospital transfers. These community hospital relationships also generate important downstream referrals to our specialists including important neonatal referrals from the obstetrical programs at these community hospitals. As fewer community hospitals provide inpatient pediatric care, these hospitals are increasingly serving as regional pediatric hubs to help stem the tide of patients who have to be referred to Boston for community level care.Some of the most exciting and important work ahead of us is in behavioral health. Mental health challenges don't begin in adulthood 75% of mental illness occurs before age 24, and 50% before age 14. And yet by the time an adolescent comes to us for care, it has often already been years since they first encountered those challenges. Our current system makes kids wait an average of three years for necessary treatment, leaving one in five children in Massachusetts and nationally without the behavioral health care they need. Care delayed is as detrimental as care denied, and the consequences are life-changing: for patients and families, for our communities, and for the economy. Left unchecked, that delay stands to cost Massachusetts alone $37 billion.Our strategic affiliation with Franciscan Children's was a direct response to this crisis, and together we are working to build a new, more effective system of integrated behavioral health care. That means investing in outpatient and early childhood programs including pediatric primary care integration, community-based partnerships, and our early childhood clinic to reach children and families as early as possible. It means developing a Behavioral Health Workforce Academy to provide mentoring, financial support, and employment pathways, growing a diverse pipeline of psychiatrists, psychologists, nurses, and social workers. It means ensuring families can access the right level of care at the right time through a dedicated triage and bridge program. And it means programs like our Behavioral Health Transport initiative, which uses non-ambulance vehicles tailored to behavioral health needs to reduce stress, minimize delays, and safely move patients between Boston Children's and Franciscan Children's.
    Expenses $2,415,976,666 · grants $16,371,788 · revenue $2,840,728,137
  • RESEARCH: Our Research Mission is to be the leading source of research and discovery. We are the leader in discovery and innovation that is dramatically advancing not only pediatric care but adult care as well. We have the world's largest pediatric research program for many reasons. The most important reason is our focus on our patients. We are constantly evolving care and caring for increasingly complex patients. Every child who walks through our doors teaches us something. More than 3,000 basic, clinical, and translational research employees work in our dedicated facilities, which total some 1 million square feet of space.Our more than 1,100 investigators include 16 members of the National Academy of Sciences, 32 members of the National Academy of Medicine, 27 Fellows of the American Academy of Arts and Sciences, 13 Fellows of the American Academy for the Advancement of Sciences, 12 current members and 13 alumni of the Howard Hughes Medical Institute. Twenty-seven faculty are members of the American Association of Physicians and 47 are members of the American Society of Clinical Investigation. Over the years, four Boston Children's investigators have won the Nobel Prize and six have won the nearly equally prestigious Lasker Award.Our investigators are Harvard Medical School faculty basic scientists, clinical researchers and epidemiologistswho are accelerating the pace of medical discovery from brainstorm to bench to bedside. In the past year, our researchers have made significant strides in areas as diverse as:-using computational fluid dynamics software to model blood flow in pediatric heart surgery patients-demonstrating rapid genomic sequencing interpretation achievable in matter of hours-accelerating our work in rare and ultra-rare brain disordersOur investigators are Harvard Medical School faculty basic scientists, clinical researchers and epidemiologists - who are accelerating the pace of medical discovery from brainstorm to bench to bedside. Our researchers were the first to develop 10 new disease-based stem cell lines by reprogramming adult stem cells that can be used to study treatments for diseases ranging from Parkinson's to Diabetes.
    Expenses $510,257,684
  • TEACHING: Boston Children's is committed to providing high quality continuing education for pediatric providers and specialists throughout the world. As the primary pediatric teaching affiliate of Harvard Medical School, our more than 2,000 attending physicians and researchers are on the clinical frontier of effectively understanding and treating many pediatric diseases and disorders.We are proud to be the primary teaching hospital of Harvard Medical School, and our Nursing Department partners with 27 schools of nursing throughout Massachusetts and New England. We are home to the largest and most competitive training program in pediatrics, seeding the word with the next generations of scientists, innovators and caregivers.We delivered over 900 accredited Continuing Education courses (more than any other freestanding children's hospital). We host over 500 Boston Children's-based residents and clinical fellows annually, selected for their potential leadership in their respective fields and their commitment to advancing the frontiers of pediatric care. A 24-year analysis of residents who have graduated from our Department of Medicine found that roughly 40% go on to become leaders in academic medicine, filling positions such as deans, chairs and program heads across the country. More than one third of the chiefs of pediatric departments across the country trained at Boston Children's.Our simulation program, Immersive Design Systems, is the first hospital-based simulator program at a teaching hospital in New England. Our goal is to make "practice prior to game time" part of healthcare routine, offering a fully integrated quality assurance and improvement resource, preparation and testing environment for hospitals. Boston Children's offers the only training programs in New England for Adolescent Medicine, Congenital Cardiac Surgery, and Neurodevelopmental Disabilities; and the only training programs in Massachusetts for Adolescent Medicine, Congenital Cardiac Surgery, Neurodevelopmental Disabilities, Pediatric Cardiology, Pediatric Hematology/Oncology, Pediatric Nephrology, Pediatric Orthopedics, Pediatric Pathology, and Pediatric Surgery.
    Expenses $62,710,211 · revenue $23,373,408
  • Boston Children's Hospital was among the first academic medical centers in the country to expand the traditional missions of patient care, teaching, and research to embrace a fourth part of its mission - community. Through the years, Boston Children's has strived to ensure that community health is more than just words in its mission statement. The efforts have evolved from targeted services for individual families to innovative models that have proven to reduce health disparities, improve child health outcomes, and promote health equity.Boston Children's community mission is based on the needs of the community. It revolves around keeping children healthy through wellness and prevention efforts, ensuring that children have access to needed health care services, and partnering with others in the community to address the social drivers of health. These are issues that can have a significant impact on an individual's health such as exposure to violence, experiencing food insecurity, living in poverty, or having unstable housing. In all its endeavors, Boston Children's focuses on meeting community needs and implementing programs that are aligned with the priorities of the City of Boston, the Boston Public Health Commission, the Boston Public Schools, as well as other key partners and city agencies.Understanding community needsBoston Children's conducts a comprehensive community health needs assessment every three years as required by the Internal Revenue Service. The findings inform the direction of Boston Children's Community Health Improvement Plan, which outlines how the hospital will use its resources and partner with others to address those themes and improve community health. This process also ensures that the hospital is utilizing its resources and leveraging community partnerships in the most effective way. The latest assessment was approved by the Boston Children's Board of Trustees in the fall of 2025. The 2025 needs assessment was focused on identifying the health-related needs, strengths, and resources available to children, youth, families and residents in Boston with special emphasis on the neighborhoods of Dorchester, Jamaica Plain, Mattapan, Mission Hill, and Roxbury. The assessment also looked at children living in the communities served by Boston Children's locations outside of Boston, which include Brockton, Brookline, Framingham, Lexington, North Dartmouth, Peabody, Quincy, Randolph, Waltham, and Weymouth.The assessment showed that many families are struggling with rising housing costs, food insecurity, and limited access to health care, especially mental health services. Youth mental health concerns are widespread, with high rates of anxiety and depression, particularly among LGBTQ+ and immigrant youth. Chronic conditions like asthma and obesity remain prevalent, disproportionately affecting communities of color. Environmental health issues, including air pollution and climate change, are emerging threats to child development and well-being. Safety concerns in schools and neighborhoods also impact youth, contributing to stress and missed school days. Despite these challenges, the assessment underscores the resilience of Boston's communities and their commitment to creating healthier, more equitable environments for children to grow and thrive. Boston Children's 2025 assessment also included data from the Boston Community Health Collaborative. This assessment included a wide range of Boston stakeholders community organizations, community development corporations, health centers, hospitals, and the Boston Public Health Commission. While community health assessment and planning work are often conducted by individual organizations, the Boston Collaborative aligns and coordinates resources between multi-sector stakeholders across the city. Boston Children's is a founding member, and staff participate in the steering committee and work groups.A formal and comprehensive needs assessment is only one part of Boston Children's approach to understanding the health needs and vital resources within the community. Boston Children's is continually listening and learning from patient families, community leaders, and staff. The staff rely on ongoing conversations with Boston Children's key partners, community health centers and community-based organizations, as well as the Boston Public Health Commission, and the Boston Public Schools.Through the Community Advisory Board, which meets on a quarterly basis, Boston Children's has a direct link to expertise on Boston neighborhoods, community organizations, and current health needs. Members of the Community Advisory Board are instrumental in providing feedback throughout the year and play a key role in the Boston Children's formal assessment process. Being a community health leaderBoston Children's has identified priority health areas through the needs assessment process - asthma, obesity, mental and behavioral health, and early childhood development - and has a programmatic response to each. Community programs are focused where Boston Children's has the clinical expertise, resources, and partnerships to make a difference. Boston Children's strategy for improving community health is to: 1) address the most pressing health needs of children and families; 2) provide services through programs that can lead to improvements in health; or 3) build community capacity to better meet the needs of children and families. Some of these programs are described briefly below.-Since 2005, the Community Asthma Initiative (CAI) has helped to improve the health and lives of 2,875 Boston children with asthma. Through a comprehensive asthma home visiting program, CAI provides case management, home visits, offers education to caregivers and patients, distributes asthma control supplies, and connects families to resources and increases access through advocacy. In FY25, CAI surpassed its quality goal, reducing the percent of patients with any hospitalizations by 82% and any emergency department visits by 54% after one year in the program. CAI also cared for 144 new patients with 95 completing at least one home visit.-Boston Children's Hospital Neighborhood Partnerships Program (BCHNP) is the Department of Psychiatry's community-based behavioral health program. BCHNP places clinicians in schools to provide a comprehensive array of services to better meet the needs of children and adolescents. In FY25, across targeted school-based programs in Boston Public, Agawam Public and Somerville Public Schools, BCHNP provided 517 hours of consultation to school staff, with behavioral health providers and teachers being the most frequent recipients of consultation. Additionally, BCHNP clinicians provided 26 workshops with 780 participants focused on social, emotional, and behavioral health with partnering school communities.-The Healthy in the City (HIC) program is a community-based approach to addressing childhood obesity by offering prevention and intervention strategies to support children and youth who are overweight or at-risk for obesity, in making healthier choices and behavior changes. HIC supports 10 Boston community health centers to provide 1,000 children annually with case-management support, as well as access to nutrition and physical activity programs and food insecurity resources. In FY25, 50% of children decreased and 4% maintained their BMI over the year. Children also reported consuming less fast food and sugar-sweetened beverages, consuming more fruits and vegetables, watching less TV, and increasing their amount of exercise after 12 weeks in the program. -Family Food Connections is a food pantry owned and operated by Boston Children's in the Mildred C. Hailey Apartments of the Boston Housing Authority. It opened for visitors in January 2022. This food pantry provides fresh fruits, vegetables, milk, eggs, bread, and staple items to families. The pantry is open to residents of Mildred C. Hailey Apartments, as well as the surrounding neighborhoods of Jamaica Plain and Roxbury. In FY25, the site had almost 66,000 visits to the pantry.0
  • Serving as an anchor for the communitySince 2018, Boston Children's has been a committed and proud member of the Healthcare Anchor Network, a national network of more than 70 hospitals and health care systems working to build more inclusive and sustainable local economies.The Boston Children's anchor strategy supports business practices that promote local economic engagement and aims to help improve community conditions that contribute to poor health. There are four pillars in Boston Children's strategy:1. Hiring and Workforce Development. Boston Children's partners with community organizations to recruit, hire, and train individuals from neighboring communities to ensure that employees are reflective of the communities we serve.2. Purchasing. Boston Children's supports community businesses by buying locally whenever possible, with a focus on increasing the participation of minority-owned, women-owned, and veteran-owned businesses.3. Investment. Boston Children's is investing in local projects that can produce significant health and social returns for our community. This includes projects that address affordable housing, early childhood education, youth engagement, and mental health efforts.4. Sustainability. Boston Children's is implementing approaches to advance reductions in hospital-generated greenhouse gas emissions and contribute to local climate resilience.In FY25, Boston Children's leveraged its community mission through the hospital's Anchor Strategy. The Office of Community Health oversees Impact Investments. Last year, the hospital committed $1M in funds to the Boston Acquisition Fund in support of affordable housing.Boston Children's low interest loan to the Elmont Norwell project led to new construction of 15 affordable housing units. Units were completed and sold throughout 2025. Also, a low interest loan to Northstar enabled completion of construction at an early learning center. The new facility has 41 employees, and 88 children are currently enrolled with capacity for 200. The Office of Community Health also continued to convene quarterly meetings of the Community Investment Advisory Committee and monthly internal Anchor Team meetings to coordinate efforts across the four core pillars. Related to Sustainability, the Anchor Team staff participated in a National Steering Committee to help develop plans for a new Place-Based Initiative led by Healthcare Without Harm. Boston Children's Community Health InitiativesBoston Children's is committed to improving the health and well-being of children and families. A key driver of these efforts is the Determination of Need (DoN) program, administered by the Massachusetts Department of Public Health. Boston Children's currently has three active DoN Community Health Initiatives. The Collaboration for Community Health launched in 2018. It is Boston Children's largest community health initiative providing $53.4 M, over seven to 10 years, to community organizations, agencies, and coalitions. The Collaboration focuses on building community capacity and advancing child-centered strategies to address systemic inequities. Since its inception, the Collaboration has committed funds across eight strategic initiatives, reaching almost 35,000 people in Boston's highest-poverty neighborhoods. Recent achievements include over 8,000 children being screened for developmental concerns, housing support for hundreds of families, and training nearly 920 clinical students and community members in culturally responsive mental health care. Youth programs have engaged over 7,400 young people, while health equity collaboratives have expanded access to resources in Dorchester, Roxbury, and Jamaica Plain. Boston Children's received approval in December 2022 for three capital projects in Needham, Waltham, and Weymouth. The Metro South West Community Health Initiative supports underserved families in Brockton, Framingham, Needham, Quincy, Randolph, Waltham, and Weymouth. A total of $15.1 M is being distributed over seven years to organizations in these communities. An initial $7.7 M has been released for organizations to use over the next three to four years in two areas: Mental Health and Well-being and Flourishing Families. A total of $3 M has been awarded to be used over five years as part of the Healthy Communities Initiative. This funding supports three community-based collaborative groups in Brockton, Randolph, and Waltham. Boston Children's continues to leverage its resources and partnerships through Community Health Initiatives to create meaningful, lasting improvements in child and community health.The Franciscan Children's Community Health Initiative was created following Boston Children's affiliation with Franciscan Children's in 2023. The Franciscan Children's Community Health Initiative, also a part of Boston Children's Collaboration for Community Health, aims to improve the health and well-being of children, youth, and families by supporting organizations in Boston. The funding focuses on expanding the mental health workforce, promoting youth engagement, and improving food access, and housing initiatives (in the months ahead). Within the areas of mental health workforce, youth engagement, and food access, an initial total of $5.2 M has been awarded to 24 organizations for use over the next three to four years. Boston Children's continues to leverage its resources and partnerships through Community Health Initiatives to create meaningful, lasting improvements in child and community health.Addressing social determinants of healthBoston Children's also responds to the social determinants of health by focusing on support and partnerships in three areas: -Education and schools. Boston Children's partners with the Boston Public Schools (BPS) to support and strengthen the system as well as to work directly in school settings to reach students and help families.In FY25, BCHNP's Training and Access Project (TAP) continued to provide professional development and consultation services focused on social, emotional, and behavioral health. Last year, TAP provided a webinar training series that reached 1,065 clinicians (school social workers, school psychologists, school nurses, and school counselors). The series included 8 interactive workshops. TAP trainings can be accessed at www.childrenshospital.org/TAPOnline.-Workforce Development. Boston Children's strives to bridge community and incumbent talent to build diverse teams that provide the best service and care for patient families. The hospital partners with numerous community-based organizations to recruit community talent to job, internship, and career exploration opportunities. Once a community member joins Boston Children's as an employee, there are extensive offerings available as individuals build their career within the enterprise.Boston Children's also supports the pipeline of health care workers by exposing youth to careers in the health field. Programs include SCOOP for students interested in nursing careers and the COACH program, which provides opportunities for high school students to work at the hospital during the summer. Last year, the COACH program had 45 high school students participating.
  • -Partnering to support the health and social infrastructure in place for families. Boston Children's is also committed to and directs resources to build capacity within the existing infrastructure of care for Boston children and families. This means supporting key partners such as Boston community health centers. The hospital has relationships and strong partnerships with 10 Boston community health centers. Through these partnerships, Boston Children's improves access to care for underserved populations, helps efforts to better manage chronic diseases, and supports prevention and treatment services that improve the health of Boston children, youth, and families. Health center partners receive funding, training, and technical assistance. Due to the on-going mental and behavioral health crisis for children and youth, Boston Children's has made a substantial investment to develop internal resources to assist patients with mental health/behavioral health conditions and their families (in coordination with state and community-based agencies) with crisis stabilization and care delivery transformation. Leveraging community partnerships and community-based providers, the focus is on providing enhanced services to enable a safe transition to an appropriate level of care. Investments include but are not limited to enhanced behavioral response, state agency coordination, Emergency Department diversion programming, secure transportation, room-modifications, and more. Boston Children's also has relationships with a wide array of community organizations, which provide services as well as a voice for the families and neighborhoods they represent. Serving as a safety netBoston Children's remains committed to its local community, providing primary and preventative care, as well as inpatient care for complex illnesses. It is one of the leading providers of health care to low-income children in Massachusetts and it provides care unavailable elsewhere in the state and sometimes the nation. Boston Children's also is a safety net provider for Boston children. This safety net is financial in that the hospital provides free care, subsidizes care for Medicaid patients, and incurs bad debt for patient families who cannot pay for the care they receive. It is programmatic in that Boston Children's offers vital, hospital-subsidized services that are either unavailable elsewhere or available only in a limited capacity, such as mental health and dental care.Advocating for children and familiesAs the only freestanding children's hospital in Massachusetts, influencing public policy to improve child health is an important aspect of Boston Children's commitment to community health. The hospital is a leading provider of pediatric medical and behavioral health services to low-income children across the Commonwealth and is a critical component of the safety net for children throughout New England and the nation. Boston Children's has been an organized force and an influential advocate for health and well-being of children for more than 20 years.Boston Children's is an effective advocate on legislative and regulatory matters, both at state and federal levels, that affect children's wellbeing such as increasing access to quality pediatric mental health programs, promoting better treatment and access to services for children with medical complexity and chronic conditions, improving the landscape for pediatric medical research and advancing innovative public health policies grounded in racial equity. Boston Children's advocacy history is rooted in the promotion of better insurance coverage for children, including major child health expansions in the 1990s, the passage of Massachusetts's 2006 health reform law, and significant national involvement in work to promote child health access through the Children's Health Insurance Program, Medicaid, and the Affordable Care Act. As a result, Massachusetts has achieved near universal health access for children, with only 1.5 percent of children uninsured, the lowest rate in the country. Massachusetts has emphasized payment reform and cost containment policies within the health care system. Boston Children's played an active and vocal role in the development of the groundbreaking statewide payment reform legislation that was signed into law in August 2012. Nationally, Boston Children's engaged in efforts to preserve and improve Medicaid and the Children's Health Insurance Program, which serve as a safety net for children in all fifty states, ensuring their access to high-quality, effective coverage, and facilitates important quality measurement and improvement initiatives. We have also worked to ease the burdens on families in the Medicaid program who find it necessary to cross state lines for care. In 2006, Boston Children's (including its Boston Children's Hospital Neighborhood Partnerships Program for details see above) and a coalition of community organizations launched the Children's Mental Health Campaign (CMHC). The CMHC has converted its credibility and influence into several major policy accomplishments which have redefined the landscape of the children's mental health system in Massachusetts, including comprehensive 2022 legislation to improve access to behavioral health care for kids and other vulnerable populations Current efforts at the state level address: access to behavioral health services, addressing the emergency room boarding crisis, improving mental health in schools, and creating a behavioral health urgent care system. At the federal level, Boston Children's is working with our peers to bolster the pediatric mental health workforce and ensure the availability of a full continuum of care for kids. Additionally, Boston Children's works in collaboration with a host of public health and prevention advocates to ensure public policies work to keep children safe and healthy. Our priorities include addressing issues in the housing market, promoting environmental health, improving access to healthy, locally grown fruits and vegetables, eliminating the racial wealth gap and building pathways for economic mobility. The hospital also lends expertise in efforts to improve the pediatric and behavioral health workforce, reducing administrative burden, and improving health equity for all members of the Commonwealth. Boston Children's has established the over 4,000 member Children's Advocacy Network (CAN), a grassroots advocacy network that leverages the many voices of families, hospital staff, and community partners in support of child health. Since 2006, the hospital has trained hundreds of advocates through an in-depth training series that gives advocates a better understanding of the legislative process and the skills needed for effective advocacy. The CAN hosts educational training and workshops, which offer hospital staff, community partners, and patients and families an opportunity to learn about a current topic related to children's health policy and explore ways to advocate for children at the federal and state levels. Staff members from departments throughout the hospital regularly engage with the CAN to receive information about policy changes that may impact their patient population or schedule in-service presentations about current events in Washington and at the state level. During the COVID pandemic, the CAN found creative solutions to keep advocates engaged including virtual advocacy briefings, webinars and trainings, as well as online event partnerships with the Office of Health Equity and Office of Community Health.
    Expenses $26,729,261

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
04-2774441
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1983
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E240)
Assets (IRS master file)
$9,124,927,004
Income (IRS master file)
$3,885,726,857

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$3,588,588,824$3,527,089,859$9,124,927,004XML
990-TSeptember 2025–––IRS
990September 2024$3,165,214,831$3,150,537,035$8,899,360,805XML
990-TSeptember 2024–––IRS
990September 2023$2,712,815,226$2,874,957,146$8,080,111,478XML
990-TSeptember 2023–––IRS
990September 2022$2,493,039,815$2,428,663,560$7,956,588,388IRS
990-TSeptember 2022–––IRS
990September 2021–––IRS
990-TSeptember 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2774441).

Questions about CHILDRENS HOSPITAL CORPORATION

What is the EIN of CHILDRENS HOSPITAL CORPORATION?
The employer identification number (EIN) of CHILDRENS HOSPITAL CORPORATION is 04-2774441.
Is CHILDRENS HOSPITAL CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to CHILDRENS HOSPITAL CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CHILDRENS HOSPITAL CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CHILDRENS HOSPITAL CORPORATION due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CHILDRENS HOSPITAL CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of CHILDRENS HOSPITAL CORPORATION?
The 990 for the year ended September 30, 2025 names Kevin B Churchwell MD.
Who are the officers and directors of CHILDRENS HOSPITAL CORPORATION?
The 990 for the year ended September 30, 2025 lists 50 people; 26 received compensation from the organization, the highest $3,311,889 (Kevin Churchwell MD, Chief Executive Officer).
How much revenue does CHILDRENS HOSPITAL CORPORATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $3,588,588,824, expenses of $3,527,089,859 and total assets of $9,124,927,004 at year end.

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