Childrens Miracle Network FY2021 filing

Tax-deductible

Salt Lake Cty, UT501(c)(3)Since 1982UnclassifiedEIN 87-0387205Revenue $48.4M in FY2021

On file with the IRSchildrensmiraclenetworkhospitals.org205 W 700 S, 84101-2715 · Salt Lake Cty, UTTax-exempt since Apr 1983Publicly supported — 509(a)(2)

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Children's Miracle Network (d/b/a "children's Miracle Network hospitals") works to save kids' lives by raising funds and awareness for children's hospitals across north america.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$2.5M 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

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $5.8M a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.5M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
29 mo
of spending, in cash
Looks good: 29.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $488K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$83.3M
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48.4M
+8% vs prior year
Spent
$40.9M
To programs
82%
Net assets
$58.7M
By yearFY2020–FY2024
Revenue
$48.4M
FY2021▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$45.0M
FY2021$48.4M
FY2022$46.2M
FY2023$54.2M
FY2024$59.7M
Expenses
$40.9M
FY2021▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$36.1M
FY2021$40.9M
FY2022$46.4M
FY2023$49.7M
FY2024$51.6M
Net assets
$58.7M
FY2021▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$49.7M
FY2021$58.7M
FY2022$53.7M
FY2023$59.6M
FY2024$69.2M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1983.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $33.4M Management & general 12% · $5.0M Fundraising 6% · $2.4M

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

34 people listed on the 990; $2.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$517,797Pt VII · Sec A
Chief Operations Officer
$343,014Pt VII · Sec A
SVP Human Resources
$342,268Pt VII · Sec A
Chief Program Officer
$294,050Pt VII · Sec A
Chief Financial Officer
$221,898Pt VII · Sec A
SVP Information Services
$214,256Pt VII · Sec A
General Counsel Legal
$195,625Pt VII · Sec A
SVP Diversity & Inclusion
$194,101Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
John Lauck————$1,002,011
Teri Nestel$141,269$697,835$651,326$517,797$508,869
Clark Sweat$294,313$623,762$438,462$343,014$399,765
Aimee Daily$573,049$273,517———
Maureen Carlson——$530,440$294,050$198,378
Craig Sorensen————$500,127
Frances Fu$430,769$366,898$336,258$221,898—
Steve Oshin————$402,317

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

Raises funds and awareness for children's hospitals across North America to help save kids' lives through corporate partnerships and media campaigns.

Questions for Childrens Miracle Network

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Provided by the organization

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2 programs · $33.4M · in their own filed words · FY2021
01

Funds raised through children's miracle network hospitals campaigns and programs are unusual for two key REASONS:1. Funds stay in the community where they are donated; AND2. Hospitals assess their current and future needs to determine the best allocation of funds.

$29.4Mprogram expense
02

Children's miracle network hospitals has cultivated relationships and partnered with a wide range of national corporate and media partners to create awareness of the needs of children's hospitals and public education programs.

$4.0Mprogram 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 · FY2025
See all 12 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$48.4M
Ln 12
Fees for servicesLn 2g$34.4M
Gifts and grantsLn 1h$10.5M
Investment incomeLn 3$2.7M
Money outPt IX
$40.9M
Ln 25
Programscol B$33.4M
Managementcol C$5.0M
Fundraisingcol D$2.4M
Owns and owesPt X
$58.7M
net assets · Ln 32
Cash and savingsLn 1–2$99.8M
Total assetsLn 16$142.0M
LiabilitiesLn 26$83.3M
PeoplePt VI, VII
34
listed · VII A
PaidVII A9
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.5M
Government grantsLn 1e$2.5M
Noncash giftsLn 1g$72K
Fees for servicesLn 2g$34.4M
Investment incomeLn 3$2.7M
Other incomeLn 4–11$832K
Gains on assetsLn 7$1.6M
Total revenueLn 12$48.4M
Assets in detailPt X, end of year
CashLn 1$40.6M
SavingsLn 2$59.2M
Cash and savings togetherLn 1–2$99.8M
InvestmentsLn 11–13$29.7M
Land, buildings, equipmentLn 10c$6.5M
Total assetsLn 16$142.0M
LiabilitiesLn 26$83.3M
Net assetsLn 32$58.7M
OperationsPt I, VI
EmployeesI 5207
VolunteersI 650
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 FY21End FY21
Cash and savingsLn 1–2$92.1M$99.8M
InvestmentsLn 11–13$26.1M$29.7M
Land, buildings, equipmentLn 10c$6.9M$6.5M
Total assetsLn 16$131.9M$142.0M
LiabilitiesLn 26$82.1M$83.3M
Net assetsLn 32$49.7M$58.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.9M$1.4M$375K$127K
Pay of disqualified personsLn 6$324K$273K$28K$23K
Other salaries and wagesLn 7$15.3M$12.0M$2.3M$1.1M
Pension plan contributionsLn 8$2.3M$1.8M$362K$161K
Other employee benefitsLn 9$2.4M$1.8M$359K$162K
Payroll taxesLn 10$1.2M$957K$187K$84K
Legal feesLn 11b$55K$45K$7K$3K
Accounting feesLn 11c$92K$76K$11K$5K
Investment management feesLn 11f$113K$93K$13K$7K
Other fees for servicesLn 11g$1.6M$1.3M$195K$95K
Advertising and promotionLn 12$1.2M$1.0M$130K$56K
Office expensesLn 13$223K$176K$33K$15K
Information technologyLn 14$330K$263K$44K$23K
OccupancyLn 16$191K$22K$167K$2K
TravelLn 17$660K$557K$65K$38K
InterestLn 20$14K$12K$1K$990
Depreciation, depletion and amortizationLn 22$419K$353K$36K$30K
InsuranceLn 23$107K$90K$9K$8K
Other expenses (24a–d)Ln 24$12.0M$10.8M$694K$504K
All other expensesLn 24e$337K$262K$51K$25K
Total functional expensesLn 25$40.9M$33.4M$5.0M$2.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $59.7M$51.6M$8.1M$69.2M 990 PDF
FY2023 $54.2M$49.7M$4.5M$59.6M 990 PDF
FY2022 $46.2M$46.4M−$216K$53.7M 990 PDF
FY2021 Viewing $48.4M$40.9M$7.6M$58.7M 990 PDF
FY2020 $45.0M$36.1M$8.9M$49.7M 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 FY2021 990 (6 parts)
Part I · Summary $48,445,595 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,273,874$10,539,286
I-9 Program service revenuePrior year $34,182,467$34,364,375
I-10 Investment incomePrior year $667,704$2,710,038
I-11 Other revenuePrior year $873,861$831,896
I-12 Total revenuePrior year $44,997,906$48,445,595
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $20,241,920$23,466,300
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,838,297$17,423,015
I-18 Total expensesPrior year $36,080,217$40,889,315
I-19 Revenue less expensesPrior year $8,917,689$7,556,280
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
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 $48,445,595 across 10 lines filed
VIII-1e Government grants$2,472,900
VIII-1f All other contributions, gifts and grants$8,066,386
VIII-1g Noncash contributions (included above)$71,964
VIII-1h Total contributions, gifts and grants$10,539,286
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,364,375$34,364,375
VIII-3 Investment incomeExcluded from tax $1,126,395$1,126,395
VIII-5 RoyaltiesExcluded from tax $606,679$606,679
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,583,643$1,583,643
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $225,217$225,217
VIII-12 Total revenueRelated to mission $34,589,592 · Unrelated business $0 · Excluded from tax $3,316,717$48,445,595
Part IX · Statement of functional expenses $40,889,315 across 20 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,427,337 · Management $374,905 · Fundraising $126,569$1,928,811
IX-6 Pay of disqualified personsPrograms $272,724 · Management $27,780 · Fundraising $23,189$323,693
IX-7 Other salaries and wagesPrograms $11,967,661 · Management $2,266,779 · Fundraising $1,054,830$15,289,270
IX-8 Pension plan contributionsPrograms $1,821,338 · Management $361,948 · Fundraising $160,521$2,343,807
IX-9 Other employee benefitsPrograms $1,832,551 · Management $358,654 · Fundraising $161,510$2,352,715
IX-10 Payroll taxesPrograms $956,504 · Management $187,200 · Fundraising $84,300$1,228,004
IX-11b Legal feesPrograms $45,254 · Management $6,573 · Fundraising $3,210$55,037
IX-11c Accounting feesPrograms $75,679 · Management $10,991 · Fundraising $5,368$92,038
IX-11f Investment management feesPrograms $92,788 · Management $13,477 · Fundraising $6,581$112,846
IX-11g Other fees for servicesPrograms $1,343,378 · Management $195,108 · Fundraising $95,282$1,633,768
IX-12 Advertising and promotionPrograms $1,015,376 · Management $130,250 · Fundraising $56,415$1,202,041
IX-13 Office expensesPrograms $175,575 · Management $32,607 · Fundraising $14,518$222,700
IX-14 Information technologyPrograms $263,060 · Management $43,609 · Fundraising $22,906$329,575
IX-16 OccupancyPrograms $21,714 · Management $167,300 · Fundraising $1,850$190,864
IX-17 TravelPrograms $557,108 · Management $65,017 · Fundraising $38,367$660,492
IX-20 InterestPrograms $11,628 · Management $1,189 · Fundraising $990$13,807
IX-22 Depreciation, depletion and amortizationPrograms $352,930 · Management $36,076 · Fundraising $30,064$419,070
IX-23 InsurancePrograms $90,429 · Management $9,244 · Fundraising $7,703$107,376
IX-24 Other expenses (24a–d)Programs $10,847,317 · Management $694,243 · Fundraising $504,420$12,045,980
IX-24e All other expensesPrograms $262,011 · Management $50,540 · Fundraising $24,870$337,421
IX-25 Total functional expensesPrograms $33,432,362 · Management $5,033,490 · Fundraising $2,423,463$40,889,315
Part X · Balance sheet $141,998,389 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $37,144,903$40,562,095
X-2 Savings and temporary cash investmentsStart of year $54,944,310$59,236,753
X-3 Pledges and grants receivableStart of year $1,582,153$1,333,708
X-4 Accounts receivableStart of year $4,185,468$3,552,033
X-9 Prepaid expenses and deferred chargesStart of year $1,029,438$1,172,829
X-10c Land, buildings and equipment, netStart of year $6,885,062$6,465,992
X-11 Publicly traded securitiesStart of year $26,080,476$29,674,979
X-16 Total assetsStart of year $131,851,810$141,998,389
X-17 Accounts payable and accrued expensesStart of year $2,157,364$3,153,985
X-19 Deferred revenueStart of year $22,568,485$20,906,450
X-26 Total liabilitiesStart of year $82,111,859$83,297,188
X-27 Net assets without donor restrictionsStart of year $42,777,224$51,387,562
X-28 Net assets with donor restrictionsStart of year $6,962,727$7,313,639
X-32 Total net assets or fund balancesStart of year $49,739,951$58,701,201
X-33 Total liabilities and net assetsStart of year $131,851,810$141,998,389
Part XI · Reconciliation of net assets $58,701,201 net assets at year end
XI-1 Total revenue$48,445,595
XI-2 Total expenses$40,889,315
XI-3 Revenue less expenses$7,556,280
XI-4 Net assets at start of year$49,739,951
XI-5 Net unrealized gains (losses) on investments$1,404,970
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$58,701,201

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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