Childrens Hospital at Sinai Foundation Inc
DBA: CHILDREN'S HOSPITAL AT SINAI
TO SUPPORT SINAI HOSPITAL OF BALTIMORE, INC.
IRS Tax Year 2022
Period ending June 30, 2023
Total Revenue
$2.0M
Total Expenses
$1.9M
Net Assets
$43.3M
Employees
0
Grants Paid
$1.8M
Program Expense Ratio
95.8%
This nonprofit profile presents IRS Form 990 tax filing data for Childrens Hospital at Sinai Foundation Inc (EIN: 52-2167587), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Childrens Hospital at Sinai Foundation Inc is a 501(c)(3) nonprofit headquartered in BALTIMORE, MD, founded in 1999. The organization has held tax-exempt status since 2000. In its 2022 filing, the organization reported $2.0M in total revenue, a 14.3% decrease from the prior year, and $1.9M in total expenses. Neil Meltzer, DIRECTOR AND PRESIDENT, is the highest-compensated individual at $4,027,911. The organization runs 1 program, totaling $1.8M in program expenses. 4 of 6 recommended governance policies are in place.
Childrens Hospital at Sinai Foundation Inc is classified under NTEE code E110. Its foundation type is 17.
Programs(Tax Year 2022)
1 record
Childrens Hospital at Sinai Foundation Inc operates 1 program, with total program expenses of $1.8M. Childrens Hospital at Sinai Foundation Inc's largest program accounts for 100% of total program spending.
THE CORPORATION PROVIDES FINANCIAL SUPPORT FOR SINAI HOSPITAL OF BALTIMORE, INC., A SECTION 501(C)(3) HOSPITAL, TO SUPPORT ITS CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ACTIVITIES.
Financial Overview(Tax Years 2019–2022)
4 records
Over the past 4 years, Childrens Hospital at Sinai Foundation Inc's revenue has grown from $1.5M to $2.0M, a 36.9% increase. Program expenses represent 96% of total spending.
Revenue decreased 14.3% year-over-year, while expenses declined 15.4%. net assets rose to $43.3M, up 5.2% from the prior year.
Childrens Hospital at Sinai Foundation Inc derives 8% from contributions and grants, with 92% from investment income.
Revenue is heavily concentrated: 92% comes from investment income, indicating limited diversification.
Childrens Hospital at Sinai Foundation Inc allocates 96% to programs, 4% to management and general.
Revenue declined by 14.3% and expenses declined by 15.4% year over year.
Childrens Hospital at Sinai Foundation Inc distributed $1.8M in grants to other organizations and individuals, representing 96% of total expenses.
Over 4 filings from 2019–2022, Childrens Hospital at Sinai Foundation Inc grew revenue from $1.5M to $2.0M (+36.9%) while maintaining a program expense ratio of 96%.
Childrens Hospital at Sinai Foundation Inc holds $43.3M in total assets against $2K in liabilities (debt-to-asset ratio of 0%). The organization has 270.6 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2022 | $2.0M | $158K | $0 | $0 | $1.9M |
| 2021 | $2.4M | $162K | $0 | $0 | $2.2M |
| 2020 | $2.7M | $81K | $0 | $0 | $2.7M |
| 2019 | $1.5M | $92K | $0 | $0 | $1.4M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2022 | $1.9M | $1.8M | $81K | $0 | $1.8M |
| 2021 | $2.3M | $2.1M | $124K | $0 | $2.1M |
| 2020 | $1.8M | $1.7M | $101K | $0 | $1.7M |
| 2019 | $1.8M | $1.7M | $90K | $0 | $1.7M |
Program Expense Ratio
95.8%
Admin Expense Ratio
4.2%
Fundraising Efficiency
—
Operating Reserve
270.6 mo
People & Compensation(Tax Year 2022)
5 records
Childrens Hospital at Sinai Foundation Inc reported compensation for 5 officers and key employees. Total officer compensation was $9.9M, representing 513.3% of total expenses. 5 individuals received total compensation exceeding $500,000.
Childrens Hospital at Sinai Foundation Inc's highest-compensated individual received $4.0M in total compensation. Total officer compensation of $9.9M represents 513.3% of total expenses. 4 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Neil Meltzer | DIRECTOR AND PRESIDENT | OfficerDirector | 1.00 | $0 | $3,617,972 | $4,027,911 |
| David Krajewski | Director and Treasurer | OfficerDirector | 1.00 | $0 | $1,734,148 | $2,261,085 |
| LESLIE SIMMONS | Director and Vice President | OfficerDirector | 1.00 | $0 | $1,643,643 | $1,908,539 |
| Jason H Weiner | Secretary | Officer | 1.00 | $0 | $930,684 | $1,076,887 |
| AZIZA T SHAD MD | Director and CHAIR | OfficerDirector | 1.00 | $0 | $543,182 | $579,320 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
AZIZA T SHAD MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Neil Meltzer
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
LESLIE SIMMONS
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
David Krajewski
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Jason H Weiner
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2022)
Childrens Hospital at Sinai Foundation Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 4 members, 0 of whom are independent.
Childrens Hospital at Sinai Foundation Inc's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2022)
1 record
Childrens Hospital at Sinai Foundation Inc awarded $1.8M across 1 grant to organizations. Top recipients include SINAI HOSPITAL OF BALTIMORE INC (BALTIMORE, MD) — $1.8M for see part iv.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| SINAI HOSPITAL OF BALTIMORE INC520486540 | BALTIMORE, MD | $1.8M | SEE PART IV |
Foreign Activities(Tax Year 2022)
Activities span Central America and the Caribbean, Europe (Including Iceland and Greenland).
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| Central America and the Caribbean | — | — |
| Europe (Including Iceland and Greenland) | — | — |
Supplemental Financial Data(Tax Year 2022)
The endowment stands at $61K.
Filing History(Tax Years 2000–2022)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $2.0M | $1.9M | $43.3M |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $2.4M | $2.3M | $41.1M |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $2.7M | $1.8M | $48.2M |
| 2019 | 990 | 2019-07-01 – 2020-06-30 | $1.5M | $1.8M | $39.1M |
| 2000–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Childrens Hospital at Sinai Foundation Inc do?
TO SUPPORT SINAI HOSPITAL OF BALTIMORE, INC.
How much revenue does Childrens Hospital at Sinai Foundation Inc have?
Childrens Hospital at Sinai Foundation Inc reported $2,017,618 in total revenue for tax year 2022, down 14.3% from the prior year.
Who is the highest-paid executive at Childrens Hospital at Sinai Foundation Inc?
Neil Meltzer, DIRECTOR AND PRESIDENT, received $4,027,911 in total compensation as of tax year 2022.
Is Childrens Hospital at Sinai Foundation Inc a 501(c)(3)?
Yes, Childrens Hospital at Sinai Foundation Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Childrens Hospital at Sinai Foundation Inc located?
Childrens Hospital at Sinai Foundation Inc is headquartered in BALTIMORE, MD 21215.
Is Childrens Hospital at Sinai Foundation Inc audited?
Yes, Childrens Hospital at Sinai Foundation Inc's financial statements are audited, and the organization has an audit committee.
Does Childrens Hospital at Sinai Foundation Inc give grants?
Yes, Childrens Hospital at Sinai Foundation Inc distributed $1,838,081 in grants to other organizations and individuals in tax year 2022. Top recipients include SINAI HOSPITAL OF BALTIMORE INC.
Does Childrens Hospital at Sinai Foundation Inc operate internationally?
Yes, Childrens Hospital at Sinai Foundation Inc conducts activities outside the United States. Activities span Central America and the Caribbean, Europe (Including Iceland and Greenland).
Data Source
Prepared by: BDO USA, MCLEAN, VA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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