Nonprofit · EIN 04-1174680
CHILDRENS MEDICAL CENTER
Tax-exempt · BOSTON, MA 02115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $500,752,565 | $273,433,998 | $227,318,567 | $4,222,366,118 | $2,241,386,218 | $1,980,979,900 |
| September 30, 2024 | 990 | $338,367,630 | $235,900,404 | $102,467,226 | $3,882,179,980 | $2,335,944,070 | $1,546,235,910 |
| September 30, 2023 | 990 | $285,927,344 | $227,411,530 | $58,515,814 | $3,509,403,727 | $2,468,156,535 | $1,041,247,192 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $354,319
- Program service revenue
- $183,439,359
- Investment income
- $268,884,746
- Royalties
- $14,330,974
- Net rental income
- $4,910
- Net gain from sales of assets
- $223,368,616
- Other revenue
- $48,074,141
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $149,109,903
- Salaries, compensation and benefits (total)
- $180,314,614
- Professional fundraising fees
- $0
- Legal fees
- $9,502,056
- Occupancy
- $8,521,331
- Travel
- $971,494
- Depreciation
- $1,855,863
- Program services (functional)
- $222,065,656
- Management and general (functional)
- $51,368,342
Balance sheet and other
- Total assets, start of year
- $3,882,179,980
- Total assets, end of year
- $4,222,366,118
- Total liabilities, end of year
- $2,241,386,218
- Net assets, end of year
- $1,980,979,900
- Land, buildings and equipment
- $105,875,443
- Publicly traded securities
- $1,302,480,328
- Net assets without donor restrictions
- $1,980,979,900
- Gross unrelated business income
- $308,892
- Gross receipts
- $1,505,879,282
- Employees
- 1,274
- Volunteers
- 0
- Year formed
- 1869
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kevin Churchwell MD | Chief Executive Officer Trustee or director, Officer | 6 | $0 | $3,311,889 | $178,434 |
| Philip Rotner | Chief Investment Officer Key employee | 5 | $0 | $1,882,678 | $78,326 |
| Doug Vanderslice | Treasurer & EVP, System CFO Officer | 6 | $0 | $1,859,177 | $94,499 |
| Peter Laussen MD | EVP, Health Affairs Key employee | 5 | $0 | $1,448,138 | $109,811 |
| Laura J Wood DNP MS RN | EVP, Chief Nursing Officer Key employee | 5 | $0 | $1,307,311 | $104,584 |
| Demosthenes Argys | EVP, Hospital Chief Operating Key employee | 5 | $0 | $1,301,539 | $71,714 |
| Kathleen Ennabi | Physician Highest-paid employee | 55 | $1,316,724 | $0 | $4,115 |
| Nancy Andrews | EVP, Chief Scientific Officer Key employee | 5 | $0 | $1,226,044 | $83,379 |
| Lisa Hogarty | SVP, RE Planning and Development Key employee | 5 | $0 | $1,105,116 | $72,491 |
| Lisa Abbott | EVP, Chief Human Resource Officer Key employee | 5 | $0 | $1,080,979 | $63,884 |
| Keith Ancona | Physician Highest-paid employee | 55 | $1,086,333 | $0 | $44,970 |
| Christopher Viney JD | Secretary & EVP, System General Counsel Officer | 6 | $0 | $1,034,936 | $70,530 |
| Michele Garvin Esq | EVP, Chief of Staff Key employee | 5 | $0 | $979,529 | $75,021 |
| Lynn Susman | EVP, Chief Development Officer Key employee | 5 | $0 | $919,503 | $79,945 |
| Heather Nelson | SVP, Chief Information Officer Key employee | 5 | $0 | $920,099 | $65,421 |
35 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joseph A Mitchell MD END TERM 425 | EVP & President, Franciscan Key employee | 5 | $0 | $939,919 | $1,000 |
| Martin Kelly | Director of Investments Highest-paid employee | 5 | $0 | $807,559 | $46,759 |
| Nirav Desai | Director of Investments Highest-paid employee | 5 | $0 | $794,227 | $47,319 |
| Patricia Hickey PhD MBA RN NEA-BC | SVP, Nursing/Patient Care Key employee | 5 | $0 | $775,035 | $49,717 |
| Steven Wolf | Physician Highest-paid employee | 55 | $734,703 | $0 | $49,599 |
| Michael Gillespie | SVP, Clinical Services Key employee | 5 | $0 | $674,985 | $64,588 |
| Steven Luber | SVP, Finance Key employee | 5 | $0 | $697,388 | $33,089 |
| August Cervini | SVP, Research Administration Key employee | 5 | $0 | $583,617 | $55,416 |
| Sandra Fenwick | Former President & CEO Former | 0 | $0 | $437,833 | $0 |
| Bruce Balter | Asst Treasurer/Dr Corp Fin Svcs Officer | 5 | $0 | $361,570 | $57,077 |
| Christine Grenache | Former Asst. Secretary Former | 0 | $0 | $172,269 | $0 |
| Rob Graham END TERM 31625 | Asst Secretary/Sr Dr Enterprise Comm Officer | 5 | $0 | $147,144 | $392 |
| Ryan Nagy MD BEGIN TERM 22625 | President & System COO Trustee or director, Officer | 6 | $0 | $0 | $0 |
| Douglas Berthiaume | Director - Chairperson Trustee or director, Officer | 5 | $0 | $0 | $0 |
| Allan Bufferd | Director Trustee or director | 1 | $0 | $0 | $0 |
| Eugene Flood PhD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Winston Henderson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ivor Horn MD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Stephen Karp | Director Trustee or director | 1 | $0 | $0 | $0 |
| Steven Krichmar | Director Trustee or director | 1 | $0 | $0 | $0 |
| Samarth Kulkarni PhD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Robert Langer ScD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Vivian Lee MD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Harvey Lodish PhD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Gary Loveman MD | Director Trustee or director | 1 | $0 | $0 | $0 |
| James Mandell MD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ralph C Martin | Director Trustee or director | 1 | $0 | $0 | $0 |
| Thomas Melendez | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ted Pappendick | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kathleen Regan | Director Trustee or director | 1 | $0 | $0 | $0 |
| Anthony Ryan | Director Trustee or director | 1 | $0 | $0 | $0 |
| Robert A Smith | Director - Vice Chairman Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Alison Taunton-Rigby PhD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lisa Wieland | Director Trustee or director | 1 | $0 | $0 | $0 |
| Shea Asfaw BEGIN TERM 31725 | Asst Secretary/Exec Director Officer | 5 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 46 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kevin Churchwell MD | President & CEO Trustee or director, Officer | 5 | $0 | $3,062,633 | $135,259 |
| Philip Rotner | Chief Investment Officer Key employee | 5 | $0 | $1,976,654 | $67,747 |
| Doug Vanderslice | EVP, CFO & Treasurer Officer | 5 | $0 | $1,604,073 | $80,122 |
| Peter Laussen MD | EVP, Health Affairs Key employee | 5 | $0 | $1,255,547 | $93,916 |
| Kathleen Ennabi | Physician Highest-paid employee | 55 | $1,299,765 | $0 | $3,002 |
| Michele Garvin Esq | EVP, Chief of Staff Key employee | 5 | $0 | $1,201,614 | $53,172 |
| Nancy Andrews | EVP, Chief Scientific Officer Key employee | 5 | $0 | $1,169,328 | $73,187 |
| Joseph A Mitchell MD | EVP & President, Franciscan's Key employee | 5 | $0 | $1,068,859 | $128,100 |
| Keith Ancona | Physician Highest-paid employee | 55 | $1,151,815 | $0 | $10,492 |
| Demosthenes Argys | EVP, Hospital Chief Operating Officer, CCO Key employee | 5 | $0 | $1,085,881 | $51,848 |
| Laura J Wood DNP MS RN | EVP, Chief Nursing Officer Key employee | 5 | $0 | $1,005,064 | $74,650 |
| Lynn Susman | EVP, Chief Development Off Key employee | 5 | $0 | $973,008 | $65,718 |
| Lisa Abbott | EVP, Chief Human Resources Officer Key employee | 5 | $0 | $979,532 | $26,630 |
| Stacy Drury | Department Chief, Psychiatry Highest-paid employee | 5 | $0 | $950,877 | $43,367 |
| Sandra Fenwick | Former President & CEO Former | 0 | $0 | $939,289 | $0 |
| Allen Dozor | Physician Highest-paid employee | 55 | $913,236 | $0 | $6,600 |
| Martin Kelly | Director, Investments Highest-paid employee | 5 | $0 | $863,256 | $48,759 |
| Heather Nelson | SVP, Chief Information Off Key employee | 5 | $0 | $846,498 | $52,926 |
| Lisa Hogarty | SVP, RE Planning and Devel Key employee | 5 | $0 | $779,598 | $56,590 |
| Patricia Hickey PhD MBA RN NEA-BC | SVP, Nursing/Patient Care Key employee | 5 | $0 | $783,148 | $48,968 |
| Steven Luber | SVP, Finance Key employee | 5 | $0 | $663,304 | $29,388 |
| Michael Gillespie | SVP, Clinical Services Key employee | 5 | $0 | $639,424 | $52,482 |
| August Cervini | SVP, Research Administration Key employee | 5 | $0 | $545,881 | $50,152 |
| Bruce Balter | Asst Treasurer/Dir Corp Fin Officer | 5 | $0 | $315,669 | $54,758 |
| Daniel Nigrin MD | Former SVP & CIO Former | 0 | $0 | $315,203 | $0 |
| Christopher Viney JD | EVP, General Counsel & Sec Officer | 5 | $0 | $174,862 | $20,376 |
| Christine Grenache | Asst Sec/Exec Manager (END TERM 6/30/24) Officer | 5 | $148,571 | $0 | $18,155 |
| Douglas Berthiaume | Director - Chairperson Trustee or director, Officer | 5 | $0 | $0 | $0 |
| Allan Bufferd | Director Trustee or director | 1 | $0 | $0 | $0 |
| Winston Henderson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ivor Horn MD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Stephen Karp | Director Trustee or director | 1 | $0 | $0 | $0 |
| Steven Krichmar | Director Trustee or director | 1 | $0 | $0 | $0 |
| Robert Langer ScD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Vivian Lee MD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Harvey Lodish PhD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Gary Loveman MD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ralph C Martin | Director Trustee or director | 1 | $0 | $0 | $0 |
| Thomas Melendez | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ted Pappendick | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kathleen Regan | Director Trustee or director | 1 | $0 | $0 | $0 |
| Robert A Smith | Director - Vice Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Alison Taunton-Rigby PhD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lisa Wieland | Director Trustee or director | 1 | $0 | $0 | $0 |
| James Mandell MD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Rob Graham | Asst Secretary/Sr Dr Ent Comm (BEGIN TERM 7/1/24) Officer | 5 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 43 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kevin Churchwell MD | President & CEO Trustee or director, Officer | 5 | $0 | $3,239,502 | $125,802 |
| Doug Vanderslice | EVP, CFO & Treasurer Officer | 5 | $0 | $1,981,768 | $75,202 |
| Philip Rotner | Chief Investment Officer Key employee | 5 | $0 | $1,872,096 | $63,954 |
| Nancy Andrews | EVP, Chief Scientific Officer Key employee | 5 | $0 | $1,844,614 | $68,056 |
| Michele Garvin Esq | EVP, General Counsel & Secretary Officer | 5 | $0 | $1,698,464 | $45,408 |
| Peter Laussen MD | EVP, Health Affairs Key employee | 5 | $0 | $1,328,408 | $71,939 |
| Kathleen Ennabi | Physician Highest-paid employee | 55 | $1,299,599 | $0 | $1,373 |
| Demosthenes Argys | EVP, Chief Administrative Officer Key employee | 5 | $0 | $1,066,845 | $48,780 |
| Keith Ancona | Physician Highest-paid employee | 55 | $1,064,960 | $0 | $26,641 |
| Adam Lerche | Physician Highest-paid employee | 55 | $1,033,877 | $0 | $17,545 |
| Laura J Wood DNP MS RN | EVP, Patient Care & Chief Nursing Officer Key employee | 5 | $0 | $979,803 | $67,559 |
| Sandra Fenwick | Former President & CEO Former | 0 | $0 | $958,796 | $0 |
| Martin Kelly | Director, Investments Highest-paid employee | 5 | $0 | $901,441 | $44,483 |
| Joseph Mitchell | EVP & President, Franciscan Children's Hospital Key employee | 5 | $0 | $917,580 | $21,500 |
| Lynn Susman | EVP, Chief Development Officer Key employee | 5 | $0 | $841,364 | $60,504 |
| Heather Nelson | SVP, Chief Information Officer Key employee | 5 | $0 | $836,528 | $45,726 |
| Alison Svizzero | Director, Investments Highest-paid employee | 5 | $0 | $857,945 | $23,418 |
| Lisa Hogarty | SVP, RE Planning and Develop Key employee | 5 | $0 | $769,371 | $49,075 |
| Patricia Hickey PhD MBA RN NEA-BC | SVP, Nursing/Patient Care Key employee | 5 | $0 | $712,979 | $44,687 |
| Michael Gillespie | SVP, Clinical Services Key employee | 5 | $0 | $635,382 | $48,689 |
| Steven Luber | SVP, Finance Key employee | 5 | $0 | $588,349 | $10,437 |
| August Cervini | SVP, Research Administration Key employee | 5 | $0 | $541,091 | $46,172 |
| Daniel Nigrin MD | Former SVP & CIO Former | 0 | $0 | $372,174 | $0 |
| Bruce Balter | Asst Treasurer/Dir Corp Fin Svcs Officer | 5 | $0 | $308,881 | $50,814 |
| Christine Grenache | Asst Sec/Exec Manager Officer | 5 | $0 | $153,097 | $17,051 |
| Douglas Berthiaume | Director - Chairman Trustee or director | 5 | $0 | $0 | $0 |
| Allan Bufferd | Director Trustee or director | 1 | $0 | $0 | $0 |
| Winston Henderson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ivor Horn | Director Trustee or director | 1 | $0 | $0 | $0 |
| Stephen Karp | Director Trustee or director | 1 | $0 | $0 | $0 |
| Steven Krichmar | Director Trustee or director | 1 | $0 | $0 | $0 |
| Robert Langer | Director Trustee or director | 1 | $0 | $0 | $0 |
| Vivian Lee | Director Trustee or director | 1 | $0 | $0 | $0 |
| Harvey Lodish PhD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Gary Loveman | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ralph C Martin | Director Trustee or director | 1 | $0 | $0 | $0 |
| Thomas Melendez | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ted Pappendick | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kathleen Regan | Director Trustee or director | 1 | $0 | $0 | $0 |
| Robert A Smith | Director - Vice Chair Trustee or director | 2 | $0 | $0 | $0 |
| Alison Taunton-Rigby PhD | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lisa Wieland | Director Trustee or director | 1 | $0 | $0 | $0 |
| Marc B Wolpow | Director (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
- % TREASURERS OFFICE
- 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
To operate exclusively for the benefit of The Children's Hospital Corporation and its affiliated organizations in the conduct of their charitable, educational and scientific functions.
Program accomplishments
- Children's Medical Center Corporation holds and manages investments exclusively for the benefit of Children's Hospital Corporation and its affiliated organizations to support the advancement of the knowledge and practice of, and education and research in, medicine, surgery, nursing and all other subjects relating to the care, treatment and healing of infants, children, adolescents and young adults, and to improve the health and welfare of all such persons.Expenses $71,289,268
- Patient care - Activity from Boston Children's Health Physicians, LLP, a fully integrated health care community that provides pediatric physician inpatient and outpatient care to patients throughout the New York Metropolitan Area, the Hudson Valley, Connecticut and New Jersey.Expenses $150,776,388 · revenue $217,177,616
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 04-1174680
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1960
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E240)
- Assets (IRS master file)
- $4,222,366,118
- Income (IRS master file)
- $1,505,879,282
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $500,752,565 | $273,433,998 | $4,222,366,118 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $338,367,630 | $235,900,404 | $3,882,179,980 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $285,927,344 | $227,411,530 | $3,509,403,727 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $278,963,648 | $229,620,807 | $3,898,375,653 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 04-1174680).
Questions about CHILDRENS MEDICAL CENTER
- What is the EIN of CHILDRENS MEDICAL CENTER?
- The employer identification number (EIN) of CHILDRENS MEDICAL CENTER is 04-1174680.
- Is CHILDRENS MEDICAL CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
- Are donations to CHILDRENS MEDICAL CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CHILDRENS MEDICAL CENTER 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 MEDICAL CENTER 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 MEDICAL CENTER 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 MEDICAL CENTER?
- The 990 for the year ended September 30, 2025 names Kevin B Churchwell MD.
- Who are the officers and directors of CHILDRENS MEDICAL CENTER?
- The 990 for the year ended September 30, 2025 lists 50 people; 3 received compensation from the organization.
- How much revenue does CHILDRENS MEDICAL CENTER have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $500,752,565, expenses of $273,433,998 and total assets of $4,222,366,118 at year end.
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