Children's Clinic Network

Tax-deductible

Minneapolis, MN501(c)(3)Since 2011Diseases & DisordersEIN 45-3765330Revenue $34.6M in FY2024

On file with the IRSchildrensmn.org2525 Chicago Ave, 55404-4518 · Minneapolis, MNTax-exempt since Mar 2013Hospital or medical research org — 170(b)(1)(A)(iii)

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Children's Clinic Network champions the special health needs of children and their families.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.2M a year · 3% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 4% of spending
Top officer’s pay higher than 51% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $68K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14.4M
96% of total assets
Concern: liabilities are 96% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34.6M
+10% vs prior year
Spent
$37.7M
To programs
95%
Net assets
$647K
By yearFY2020–FY2024
Revenue
$34.6M
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$45.4M
FY2021$36.4M
FY2022$31.3M
FY2023$31.4M
FY2024$34.6M
Expenses
$37.7M
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$44.8M
FY2021$37.0M
FY2022$33.1M
FY2023$32.8M
FY2024$37.7M
Net assets
$647K
FY2024▼ -83%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.5M
FY2021$6.9M
FY2022$5.1M
FY2023$3.7M
FY2024$647K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $36.0M Management & general 5% · $1.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
Clinic Physician
$302,123Pt VII · Sec A
Medical Director
$233,457Pt VII · Sec A
Clinic Physician
$232,203Pt VII · Sec A
Clinic Physician
$231,021Pt VII · Sec A
Clinic Physician
$215,783Pt VII · Sec A
VP Chief of General Pediatrics
$102,762Pt VII · Sec A
VP Ambulatory Services
$81,211Pt VII · Sec A
Former SVP & COO, Thru 9/2023
$0Pt VII · Sec A

Elizabeth Placzek MD’s $302K as Clinic Physician is at the 51st percentile of top reported officer pay among 249 $10–100M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elizabeth Placzek MD$302,123————
Pamela Niksich MD——$261,795$242,170$210,833
Elizabeth Placzek—$259,866———
Chris Cardona-Correa—$256,723———
Cynthia Krull MD$231,021$254,203$230,288$200,679$179,198
Catherine Bedford MD—$252,856$239,049$205,168$202,009
Neeti Pradip Kambale MD$232,203$241,312$180,894$142,503—
Catherina Bedford MD$233,457————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for children's special health needs and their families.

Questions for Children's Clinic Network

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Provided by the organization

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1 program · $36.0M · in their own filed words · FY2024
01

Children's clinic network provides state-of-the-art compassionate pediatric specific outpatient care. Our facilities and services are designed exclusively for the needs of children and their families.

$36.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$68K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$34.6M
Ln 12
Fees for servicesLn 2g$34.6M
Gifts and grantsLn 1h$68K
Money outPt IX
$37.7M
Ln 25
Programscol B$36.0M
Managementcol C$1.7M
Owns and owesPt X
$647K
net assets · Ln 32
Cash and savingsLn 1–2$700
Total assetsLn 16$15.1M
LiabilitiesLn 26$14.4M
PeoplePt VI, VII
14
listed · VII A
PaidVII A7
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$68K
Fees for servicesLn 2g$34.6M
Gains on assetsLn 7−$3K
Total revenueLn 12$34.6M
Assets in detailPt X, end of year
CashLn 1$700
Cash and savings togetherLn 1–2$700
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$5.2M
Total assetsLn 16$15.1M
LiabilitiesLn 26$14.4M
Net assetsLn 32$647K
OperationsPt I, VI
EmployeesI 5175
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$800$700
Land, buildings, equipmentLn 10c$2.3M$3.1M
Total assetsLn 16$14.5M$15.1M
LiabilitiesLn 26$10.8M$14.4M
Net assetsLn 32$3.7M$647K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$19K$19K
Pay of current officers, directors and key staffLn 5$173K$173K
Other salaries and wagesLn 7$10.1M$9.3M$883K
Pension plan contributionsLn 8$450K$416K$34K
Other employee benefitsLn 9$2.1M$1.9M$237K
Payroll taxesLn 10$650K$601K$49K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$62K$62K
Lobbying feesLn 11d$1K$1K
Other fees for servicesLn 11g$11.5M$11.5M$23K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$219K$219K
Information technologyLn 14$262K$11K$251K
OccupancyLn 16$2.5M$2.5M
TravelLn 17$8K$8K
Conferences, conventions and meetingsLn 19$93K$93K
Depreciation, depletion and amortizationLn 22$665K$665K
InsuranceLn 23$134K$134K
Other expenses (24a–d)Ln 24$8.5M$8.5M
All other expensesLn 24e$173K$172K$1K
Total functional expensesLn 25$37.7M$36.0M$1.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $34.6M$37.7M−$3.1M$647K 990 PDF
FY2023 $31.4M$32.8M−$1.4M$3.7M 990 PDF
FY2022 $31.3M$33.1M−$1.8M$5.1M 990 PDF
FY2021 $36.4M$37.0M−$592K$6.9M 990 PDF
FY2020 $45.4M$44.8M$620K$7.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $34,625,544 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $62,504$67,838
I-9 Program service revenuePrior year $33,451,154$34,560,895
I-10 Investment incomePrior year $0−$3,189
I-11 Other revenuePrior year −$2,079,542$0
I-12 Total revenuePrior year $31,434,116$34,625,544
I-13 Grants and similar amounts paidPrior year $10,220$19,496
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,307,843$13,522,796
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $20,511,723$24,146,169
I-18 Total expensesPrior year $32,829,786$37,688,461
I-19 Revenue less expensesPrior year −$1,395,670−$3,062,917
Part VI · Governance 3 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $34,625,544 across 5 lines filed
Lines not itemized here account for $600 of total revenue; see the IRS return.
VIII-1d Related organizations$67,838
VIII-1h Total contributions, gifts and grants$67,838
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,560,295$34,560,295
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,189−$3,189
VIII-12 Total revenueRelated to mission $34,560,295 · Unrelated business $0 · Excluded from tax −$2,589$34,625,544
Part IX · Statement of functional expenses $37,688,461 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $19,496$19,496
IX-5 Pay of current officers, directors and key staffManagement $172,502$172,502
IX-7 Other salaries and wagesPrograms $9,257,187 · Management $882,875$10,140,062
IX-8 Pension plan contributionsPrograms $415,549 · Management $34,103$449,652
IX-9 Other employee benefitsPrograms $1,874,154 · Management $236,593$2,110,747
IX-10 Payroll taxesPrograms $600,548 · Management $49,285$649,833
IX-11b Legal feesManagement $6,236$6,236
IX-11c Accounting feesManagement $61,782$61,782
IX-11d Lobbying feesPrograms $1,254$1,254
IX-11g Other fees for servicesPrograms $11,504,872 · Management $22,867$11,527,739
IX-12 Advertising and promotionManagement $5,556$5,556
IX-13 Office expensesPrograms $219,080$219,080
IX-14 Information technologyPrograms $11,000 · Management $251,045$262,045
IX-16 OccupancyPrograms $2,517,403$2,517,403
IX-17 TravelPrograms $7,900$7,900
IX-19 Conferences, conventions and meetingsPrograms $92,998$92,998
IX-22 Depreciation, depletion and amortizationPrograms $664,939$664,939
IX-23 InsurancePrograms $133,673$133,673
IX-24 Other expenses (24a–d)Programs $8,472,087$8,472,087
IX-24e All other expensesPrograms $172,005 · Management $1,472$173,477
IX-25 Total functional expensesPrograms $35,964,145 · Management $1,724,316 · Fundraising $0$37,688,461
Part X · Balance sheet $15,087,655 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $800$700
X-4 Accounts receivableStart of year $4,321,495$4,383,914
X-8 Inventories for sale or useStart of year $736,837$942,856
X-9 Prepaid expenses and deferred chargesStart of year $1,180,414$1,497,739
X-10c Land, buildings and equipment, netStart of year $2,343,427$3,070,403
X-15 Other assetsStart of year $5,890,030$5,192,043
X-16 Total assetsStart of year $14,473,003$15,087,655
X-17 Accounts payable and accrued expensesStart of year $168,857$165,342
X-25 Other liabilitiesStart of year $10,594,266$14,275,350
X-26 Total liabilitiesStart of year $10,763,123$14,440,692
X-27 Net assets without donor restrictionsStart of year $3,709,880$646,963
X-32 Total net assets or fund balancesStart of year $3,709,880$646,963
X-33 Total liabilities and net assetsStart of year $14,473,003$15,087,655
Part XI · Reconciliation of net assets $646,963 net assets at year end
XI-1 Total revenue$34,625,544
XI-2 Total expenses$37,688,461
XI-3 Revenue less expenses−$3,062,917
XI-4 Net assets at start of year$3,709,880
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$646,963

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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