Overview
What is Children's Medical Center Corporation?
Children's Medical Center Corporation is a nonprofit organization headquartered at 300 Longwood Avenue, Boston, Massachusetts, USA. Its primary mission is to oversee and manage investments for the advantage of Children's Hospital Corporation and its affiliated entities. By doing so, it supports their charitable, educational, and scientific objectives in the realm of medicine, surgery, nursing, and other healthcare-related fields. Ultimately, this nonprofit aims to advance knowledge, enhance practices, and improve the health and well-being of infants, children, adolescents, and young adults.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star rating
Children's Medical Center Corporation has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The rating is based solely on the organization's financial practices, indicating a strong emphasis on transparency and governance.
The nonprofit boasts a high percentage of independent board members, showcasing its commitment to independent oversight, and has maintained effective financial oversight with no reported material diversion of assets. Additionally, the presence of comprehensive policies on conflict of interest, whistleblower protection, and document retention further underscores its robust governance framework.
Despite the positive financial indicators, the rating does not provide insights into program effectiveness or impact, which are crucial for potential donors looking to understand the broader outcomes of the organization's work. Overall, the strong financial rating suggests reliability, but potential supporters may want to seek additional information about programmatic achievements.
This AI summary has been generated from information found on Charity Navigator.
Is Children's Medical Center Corporation legitimate?
Children's Medical Center Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children's Medical Center Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,399,583
For more financial information, click here
What is the mission statement of Children's Medical Center Corporation?
Children's Medical Center Corporation exists to support the charitable, educational, and scientific functions of The Children's Hospital Corporation and its affiliated organizations. The corporation manages investments to advance medical knowledge and practice, nursing, and research related to the care, treatment, and healing of infants, children, adolescents, and young adults. By doing so, the mission aims to improve the health and welfare of these individuals. The organization operates exclusively for the benefit of these entities to further their goal of enhancing the overall well-being of children and young adults.
Who is the CEO of Children's Medical Center Corporation?
Kevin B Churchwell Md is the Principal Officer of Children's Medical Center Corporation. The CEO's salary of Children's Medical Center Corporation is $0 and their total compensation is $2,858,280.
What is the revenue of Children's Medical Center Corporation?
Children's Medical Center Corporation's revenue in 2022 was $278,963,648.
Who are the executives of Children's Medical Center Corporation and what are their salaries?
Here are 39 key members and their salaries (Children's Medical Center Corporation's CEO's salary is $0 and their total compensation is $2,858,280):
- Compensation: $0
- Related: $2,753,801
- Other: $104,479
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- Compensation: $0
- Related: $1,574,687
- Other: $72,322
- Compensation: $0
- Related: $1,152,711
- Other: $58,731
- Compensation: $0
- Related: $300,990
- Other: $48,496
- Compensation: $0
- Related: $137,890
- Other: $15,772
- Compensation: $0
- Related: $1,660,061
- Other: $60,407
- Compensation: $0
- Related: $1,253,860
- Other: $69,705
- Compensation: $0
- Related: $912,436
- Other: $51,172
- Compensation: $0
- Related: $904,350
- Other: $47,785
- Compensation: $0
- Related: $755,397
- Other: $59,178
- Compensation: $0
- Related: $756,108
- Other: $48,941
- Compensation: $0
- Related: $574,960
- Other: $42,110
- Compensation: $0
- Related: $506,047
- Other: $42,386
- Compensation: $0
- Related: $469,927
- Other: $45,247
- Compensation: $754,377
- Related: $0
- Other: $35,194
- Compensation: $769,259
- Related: $0
- Other: $1,504
- Compensation: $686,314
- Related: $0
- Other: $44,997
- Compensation: $606,655
- Related: $0
- Other: $25,149
- Compensation: $620,069
- Related: $0
- Other: $2,900
- Compensation: $0
- Related: $4,369,302
- Other: $5,117
- Compensation: $0
- Related: $905,045
- Other: $204
Where can I find the form 990 for Children's Medical Center Corporation?
Children's Medical Center Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Children's Medical Center Corporation
Children's Medical Center Corporation, a vital organization, dedicates itself to managing investments exclusively for the benefit of The Children's Hospital Corporation and its affiliated entities. The corporation's primary objective is to support these charitable, educational, and scientific organizations in their missions related to medicine, surgery, nursing, and all aspects of caring for and healing infants, children, adolescents, and young adults. By providing financial resources, Children's Medical Center Corporation plays a fundamental role in enhancing the knowledge and practices within these fields, ultimately improving the health and welfare of countless individuals.
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Impact
October, 2024
Children's Medical Center Corporation plays a pivotal role in advancing pediatric healthcare through the strategic management of investments aimed at supporting Children's Hospital Corporation and its affiliated organizations. By focusing on the growth and sustainability of these funds, it ensures that resources are available to enhance the knowledge and practice of medicine and nursing, alongside research initiatives that directly benefit infants, children, adolescents, and young adults.
The corporation's impact is realized in several ways. It fosters innovation in medical treatment, improving health outcomes and overall welfare for young patients. Through its financial stewardship, it enables scientific research and educational programs, which are essential for training the next generation of healthcare providers and improving healthcare practices. As a result, its efforts directly contribute to a healthier future for the vulnerable populations it serves. The strategic focus on advancing medical knowledge translates into tangible benefits, manifesting in improved methodologies for treatment, increased patient care resources, and enhanced educational opportunities within pediatric health.
This information is meant to be a general summary of Children's Medical Center Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $110,095,923
- Program Service Revenue: $151,500,524
- Gross Receipts: $608,629,543
Assets and Liabilities:
- Total Assets: $3,898,375,653
- Total Liabilities: $2,972,644,634
- Net Assets: $925,731,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patient Svc Revenue
Revenue
$151,415,524
Electronic Health Reco
Revenue
$85,000
Organization Details
Founding Year
1869
Phone
(617) 355-6000Principal Officer
Kevin B Churchwell Md
Main Address
300 Longwood Avenue, Boston, MA, 02115
NTEE Category
Code: E240 - Health
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