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THE HSC FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE HSC FOUNDATION (EIN 52-1346603)
Tax period
2024-07-01 to 2024-07-02
Filed
2025-06-13
IRS object ID
202531649349301213
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-06-13T11:59:26-05:00ReturnTs
Tax Period End2024-07-02TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN991856610PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11000 WILSON BLVD SUITE 1500AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22209ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521346603EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE HSC FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHSCFBusinessNameControlTxt
Phone2024765000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 MICHIGAN AVENUE NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20010ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonALDWIN LINDSAYPersonNm
Person TitleCFOPersonTitleTxt
Phone2024765000PhoneNum
Signature2025-06-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARY TORRETTAPreparerPersonNm
PTINP00847851PTIN
Phone7038477500PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Final ReturnYes (X)FinalReturnInd
Principal OfficerMICHELLE RILEY-BROWN MHAPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 MICHIGAN AVENUE NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20010ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$0GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CHILDRENSNATIONAL.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1984FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionSEE SCHEDULE O.TO PROVIDE AND COORDINATE INNOVATIVE, HIGH QUALITY, COMMUNITY-BASED CARE FOR INDIVIDUALS WITH COMPLEX NEEDS AND THEIR FAMILIES.ActivityOrMissionDesc
Contract TerminationYes (X)ContractTerminationInd
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers8TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,836PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$8,395,086PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,089,086PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$400,000PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$9,888,008PYTotalRevenueAmt
CY Total Revenue$0CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$8,656,935PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,978,566PYOtherExpensesAmt
CY Other Expenses$0CYOtherExpensesAmt
PY Total Expenses$10,635,501PYTotalExpensesAmt
CY Total Expenses$0CYTotalExpensesAmt
PY Revenues Less Expenses-$747,493PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$0CYRevenuesLessExpensesAmt
Total Assets BOY$95,546,268TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Liabilities BOY$1,195,051TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$94,351,217NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$0NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE O.TO PROVIDE AND COORDINATE INNOVATIVE, HIGH QUALITY, COMMUNITY-BASED CARE FOR INDIVIDUALS WITH COMPLEX NEEDS AND THEIR FAMILIES. THE HSC FOUNDATION (FOUNDATION) EMPOWERS ALL WE SERVE TO IMPROVE THE QUALITY OF THEIR LIVES THROUGH ITS SUPPORT OF THE HOSPITAL FOR SICK CHILDREN (COMMONLY REFERRED TO AS CHILDREN'S NATIONAL REHABILITATION AND SPECIALIZED CARE AND SOMETIMES REFERRED TO HEREIN AS RSC), HEALTH SERVICES FOR CHILDREN WITH SPECIAL NEEDS, AND HSC HOME CARE, LLC WHILE CONDUCTING PROJECTS WITH THE GOVERNMENT AND OTHER NON-PROFIT ORGANIZATIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescAS OF JULY 2, 2024, THIS ORGANIZATION LEGALLY MERGED OUT OF EXISTENCE AND HAS NO OPERATIONS TO REPORT FOR THE FINAL SHORT-PERIOD FORM 990.Desc
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate OperationsYes (1)TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CORPORATE OFFICERSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2024765000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 MICHIGAN AVENUEAddressLine1Txt
CityNW WASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20010ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
NATHANIEL BEERS MD
PRESIDENT OF HSC2.0053.00Yes (X)Yes (X)$0$0$0
MARSHA REGENSTEIN
BOARD CHAIR2.003.00Yes (X)Yes (X)$0$0$0
MICHAEL JONES
BOARD MEMBER1.002.00Yes (X)$0$0$0
MARIE MANN
BOARD MEMBER1.001.00Yes (X)$0$0$0
ERIC MINKOVE
BOARD MEMBER1.001.00Yes (X)$0$0$0
CHRISTOPHER NACE
BOARD MEMBER1.001.00Yes (X)$0$0$0
STEPHEN F RILEY
BOARD MEMBER1.001.00Yes (X)$0$0$0
CAROLINE VAN VLECK MD
BOARD MEMBER1.001.00Yes (X)$0$0$0
MICHAEL WARD
BOARD MEMBER1.002.00Yes (X)$0$0$0
ALDWIN LINDSAY
TREASURER & EVP/CFO2.0053.00Yes (X)$0$0$0
MARY ANNE HILLIARD
SECRETARY1.0054.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$518,748BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,560,226BOYAmt
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$101,222BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$0LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$42,974BOYAmt
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$59,604,981BOYAmt
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$1,367,373BOYAmt
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$29,350,744BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$95,546,268BOYAmt
EOY$0EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,177,583BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$17,468BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,195,051BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$94,351,217BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$94,351,217BOYAmt
EOY$0EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$95,546,268BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$0ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$94,351,217OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type3 Func IntYes (X)SupportingOrgType3FuncIntInd
Supported Organizations2SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (2 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
HEALTH SERVICES FOR CHILDREN WITH SPECIAL NEEDS INC
52186240610Yes (1)$0$0
HOSPITAL FOR SICK CHILDREN
5302046703Yes (1)$0$0
FieldValueIRS element (for citing)
Supported Organizations Total2SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp

FieldValueIRS element (for citing)
Timely Provided DocumentsYes (1)TimelyProvidedDocumentsInd
Officers Close RelationshipYes (1)OfficersCloseRelationshipInd
Supported Org Voice InvestmentYes (1)SupportedOrgVoiceInvestmentInd

Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp

FieldValueIRS element (for citing)
Parent Supported OrgYes (X)ParentSupportedOrgInd
Appoint Elect Majority OfficerYes (1)AppointElectMajorityOfficerInd
Exercise Direction PoliciesYes (1)ExerciseDirectionPoliciesInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, SECTION D, LINE 3:SUPPORTED ORGANIZATIONS HAVE SIGNIFICANT VOICE IN INVESTMENT POLICIES THE HSC FOUNDATION IS THE SOLE CORPORATE MEMBER OF TWO SUPPORTED ORGANIZATIONS: THE HOSPITAL FOR SICK CHILDREN (DBA CHILDREN'S NATIONAL REHABILITATION AND SPECIALIZED CARE, FKA HSC PEDIATRIC CENTER) (RSC) AND HEALTH SERVICES FOR CHILDREN WITH SPECIAL NEEDS (HSCSN). THERE IS IMPORTANT OVERLAP AMONG DIRECTORS AND THE SENIOR LEADERSHIP OF THE FOUNDATION AND RSC AND HSCSN. AS A RESULT, RSC AND HSCSN HAVE A SIGNIFICANT VOICE IN THE HSC FOUNDATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE HSC FOUNDATION'S INCOME AND ASSETS. IN PARTICULAR, THE OVERLAPPING DIRECTORS AND SENIOR LEADERSHIP ENSURE THAT THE HSC FOUNDATION DIRECTS ITS RESOURCES IN A MANNER THAT DIRECTLY SUPPORTS THE TAX-EXEMPT PURPOSES OF RSC AND HSCSN.
PART IV, SECTION E, LINE 3A:POWER TO APPOINT/ELECT MAJORITY OF OFFICER/DIRECTOR/TRUSTEE THE BOARD OF CHILDREN'S NATIONAL MEDICAL CENTER DBA CHILDREN'S NATIONAL HAS THE RIGHT TO APPOINT THE HSC FOUNDATION'S BOARD MEMBERS AND THOSE OF HSCSN AND RSC SUBJECT TO THE RECOMMENDATIONS AND APPROVAL OF THE HSC FOUNDATION'S BOARD.
PART IV, SECTION E, LINE 3B:SUBSTANTIAL DIRECTION OVER POLICIES/PROGRAMS/ACTIVITIES THE HSC FOUNDATION IS THE PARENT ENTITY OF ITS TWO SUPPORTED ORGANIZATIONS: RSC (FKA HSCPC) AND HSCSN. IN CONJUNCTION WITH CHILDREN'S NATIONAL, THE HSC FOUNDATION APPOINTS AND REMOVES THE BOARD MEMBERS OF RSC AND HSCSN. IN ADDITION, THERE IS IMPORTANT OVERLAP AMONG THE SENIOR LEADERSHIP OF THE ORGANIZATION AND RSC AND HSCSN. IN CONJUNCTION WITH CHILDREN'S NATIONAL, THE HSC FOUNDATION, AS SOLE CORPORATE MEMBER OF RSC AND HSCSN, ALSO POSSESSES CERTAIN RESERVED POWERS OVER THOSE ENTITIES, INCLUDING THE POWER TO ESTABLISH THE POLICIES AND GOALS OF EACH ORGANIZATION AND APPROVE AMENDMENTS TO GOVERNING DOCUMENTS AND ORGANIZATIONAL BUDGETS. THUS, AS A TYPICAL PARENT ORGANIZATION IN AN INTEGRATED HEALTHCARE SYSTEM, THE ORGANIZATION, ALONG WITH CHILDREN'S NATIONAL, EXERCISES A SUBSTANTIAL DEGREE OF DIRECTION OVER THE POLICIES, PROGRAMS, AND ACTIVITIES OF RSC AND HSCSN, AND HAS A DIRECT ROLE IN GUIDING THE FINANCIAL, OPERATIONAL, AND STRATEGIC DECISION-MAKING OF RSC AND HSCSN. CHILDREN'S NATIONAL IS THE SOLE CORPORATE MEMBER OF THE ORGANIZATION. CHILDREN'S NATIONAL, IN CONJUNCTION WITH THE ORGANIZATION, NOW EXERCISES A SUBSTANTIAL DEGREE OF DIRECTION OVER OF THE POLICIES, PROGRAMS AND ACTIVITIES OF THE HSC FOUNDATION AND ITS SUBSIDIARIES AND HAS A ROLE IN GUIDING THE FINANCIAL, OPERATIONAL, AND STRATEGIC DECISION-MAKING OF THE ORGANIZATION AND ITS SUBSIDIARIES.

Schedule N IRS990ScheduleN

Liquidation Of Assets Table LiquidationOfAssetsTableGrp

Liquidation Of Assets Detail LiquidationOfAssetsDetail (10 entries)

Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDescDistributionDistributionDtFair Market Value Of AssetFairMarketValueOfAssetAmtMethod Of FMV DeterminationMethodOfFMVDeterminationTxtEINEINAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdIRC SectionIRCSectionTxt
CHILDREN'S HOSPITAL
ACCOUNTS RECEIVABLE2024-07-02$4,560,226BOOK VALUE530196580111 MICHIGAN AVENUE NWWASHINGTONDC20010501(C)(3)
CHILDREN'S HOSPITAL
PREPAID EXPENSES2024-07-02$78,809BOOK VALUE530196580111 MICHIGAN AVENUE NWWASHINGTONDC20010501(C)(3)
CHILDREN'S HOSPITAL
EQUIPMENT2024-07-02$42,974BOOK VALUE530196580111 MICHIGAN AVENUE NWWASHINGTONDC20010501(C)(3)
CHILDREN'S HOSPITAL
DUE FROM AFFILIATES2024-07-02$3,458,300BOOK VALUE530196580111 MICHIGAN AVENUE NWWASHINGTONDC20010501(C)(3)
CHILDREN'S HOSPITAL
RIGHT OF USE ASSETS2024-07-02$16,650BOOK VALUE530196580111 MICHIGAN AVENUE NWWASHINGTONDC20010501(C)(3)
CHILDREN'S NATIONAL MEDICAL CENTER
CASH2024-07-02$518,748BOOK VALUE521640403111 MICHIGAN AVENUE NWWASHINGTONDC20010501(C)(3)
CHILDREN'S NATIONAL MEDICAL CENTER
PREPAID EXPENSES2024-07-02$22,413BOOK VALUE521640403111 MICHIGAN AVENUE NWWASHINGTONDC20010501(C)(3)
CHILDREN'S NATIONAL MEDICAL CENTER
INVESTMENTS2024-07-02$60,972,354BOOK VALUE521640403111 MICHIGAN AVENUE NWWASHINGTONDC20010501(C)(3)
CHILDREN'S NATIONAL MEDICAL CENTER
DUE FROM AFFILIATES2024-07-02$25,357,173BOOK VALUE521640403111 MICHIGAN AVENUE NWWASHINGTONDC20010501(C)(3)
CHILDREN'S NATIONAL MEDICAL CENTER
INVESTMENT IN SUBSIDIARIES2024-07-02$518,621BOOK VALUE521640403111 MICHIGAN AVENUE NWWASHINGTONDC20010501(C)(3)
FieldValueIRS element (for citing)
Director Of SuccessorYes (1)DirectorOfSuccessorInd
Employee Of SuccessorYes (1)EmployeeOfSuccessorInd
Owner Of Successor0OwnerOfSuccessorInd
Receive Compensation0ReceiveCompensationInd
Assets DistributedYes (1)AssetsDistributedInd
Required To Notify AGYes (1)RequiredToNotifyAGInd
Attorney General NotifiedYes (1)AttorneyGeneralNotifiedInd
Liabilities PaidYes (1)LiabilitiesPaidInd
Bonds Outstanding0BondsOutstandingInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE N, PART ITHE HSC FOUNDATION WAS LEGALLY MERGED EFFECTIVE 7/2/2024 AND ALL ITS ASSETS WERE TRANSFERRED TO CHILDREN'S NATIONAL MEDICAL CENTER, A DISTRICT OF COLUMBIA NOT-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF INTERNAL REVENUE CODE. THE ASSETS OF ITS DIREGARDED ENTITY, HSC HOME CARE, LLC, WERE TRANSFERRED TO CHILDREN'S HOSPITAL, A DISTRICT OF COLUMBIA NOT-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF INTERNAL REVENUE CODE.
SCHEDULE N, PART I, LINE 2AMICHAEL JONES, CAROLINE VAN VLECK, MD AND MICHAEL WARD ALSO SERVE AS DIRECTORS OF CHILDREN'S NATIONAL MEDICAL CENTER.
SCHEDULE N, PART I, LINE 2BTHE COMPENSATED OFFICERS OF THE ORGANIZATION, INCLUDING ALDWIN LINDSAY, MARY ANNE HILLIARD AND NATHANIEL BEERS, ARE EMPLOYED BY CHILDREN'S HOSPITAL UNDER A SHARED SERVICES AGREEMENT, WHICH WILL CONTINUE TO BE IN PLACE FOLLOWING THE LEGAL MERGER.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6MEMBERS OR STOCKHOLDERS CHILDREN'S NATIONAL MEDICAL CENTER (CHILDREN'S NATIONAL) IS THE SOLE CORPORATE MEMBER OF THE ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 7AMEMBER'S POWER TO APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY EFFECTIVE SEPTEMBER 1, 2019 AND FOR A PERIOD OF FIVE YEARS THEREAFTER, PROVIDED HOWEVER THAT AS OF JULY 2, 2024, THIS ENTITY MERGED INTO ITS SOLE CORPORATE MEMBER, CHILDREN'S NATIONAL, THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY TOGETHER WITH THE BOARD OF CHILDREN'S NATIONAL APPOINT THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. AFTER SEPTEMBER 1, 2024, CHILDREN'S NATIONAL HAD THE POWER TO APPOINT MEMBERS OF THE ORGANIZATION'S GOVERNING BODY.
FORM 990, PART VI, SECTION A, LINE 7BMEMBER'S AUTHORITY TO APPROVE CERTAIN GOVERNANCE DECISIONS ON SEPTEMBER 1, 2019, AND BY MEANS OF AN AFFILIATION AGREEMENT, THE ORGANIZATION AFFILIATED WITH CHILDREN'S NATIONAL. EFFECTIVE AS OF THAT DATE, THE ORGANIZATION AMENDED AND RESTATED ITS BYLAWS TO COMPLY WITH CHILDREN'S NATIONAL'S SYSTEM OF GOVERNANCE. UNDER CHILDREN'S NATIONAL'S SYSTEM OF GOVERNANCE, CHILDREN'S NATIONAL RETAINS CERTAIN AUTHORITY OVER SUBSIDIARY ENTITIES. THE RETENTION OF AUTHORITY INCLUDES ITEMS SUCH AS: THE AUTHORITY TO AMEND A SUBSIDIARY'S GOVERNING DOCUMENTS, AUTHORIZATION OF THE SALE OF SUBSTANTIALLY ALL ASSETS, APPOINT/REMOVE OFFICERS AND DIRECTORS, APPROVE BUDGETS, SET SIGNATURE AUTHORITY, AND ADOPT AN ENTERPRISE-WIDE COMPLIANCE PLAN. THE AFFILIATION AGREEMENT AND THE ORGANIZATION'S AMENDED AND RESTATED BYLAWS ANTICIPATE A FIVE-YEAR INTEGRATION PERIOD, DURING SUCH PERIOD THE ORGANIZATION AND CHILDREN'S NATIONAL WILL SHARE RESPONSIBILITY FOR CERTAIN AUTHORITIES THAT ARE OTHERWISE SET UNDER THE SYSTEM OF GOVERNANCE. AFTER SEPTEMBER 1, 2024, CHILDREN'S NATIONAL HAD SOLE RESPONSIBILITY FOR AUTHORITY THAT IS RESERVED UNDER THE SYSTEM OF GOVERNANCE. AS OF JULY 2, 2024, THIS ENTITY MERGED INTO CHILDREN'S NATIONAL.
FORM 990, PART VI, SECTION B, LINE 11BREVIEW OF FORM 990 BY GOVERNING BODY ONCE THE FORM 990 AND ALL SCHEDULES HAVE BEEN PREPARED BY THE ORGANIZATION'S PROFESSIONAL TAX SERVICES PROVIDER, THE RELEVANT COMMITTEES OF THE ORGANIZATION, ENTITY OPERATIONAL LEADERSHIP, AND FINANCE MANAGEMENT REVIEW APPLICABLE PORTIONS OF THE FORM 990. THE HSC FOUNDATION POSTS A COPY OF THE FORM 990 TO THE HSC FOUNDATION BOARD'S PORTAL PRIOR TO FILING WITH THE IRS. THE COMPLETED FORM 990 IS ALSO MADE AVAILABLE TO THE BOARD OF CHILDREN'S NATIONAL PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT THE HSC FOUNDATION HAS FORMALLY ADOPTED THE CONFLICT OF INTEREST POLICY OF ITS PARENT, CHILDREN'S NATIONAL. CHILDREN'S NATIONAL AND ITS SUBSIDIARIES ASKS THAT EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE COMPLETE A CONFLICT OF INTEREST FORM AT LEAST EVERY YEAR. IN ADDITION, EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE IS INSTRUCTED TO AMEND THE CONFLICT OF INTEREST FORM IMMEDIATELY UPON A CHANGE IN STATUS OF ANY OF THE QUESTIONS ON THE FORM. THESE FORMS ARE REVIEWED ANNUALLY BY THE CHIEF LEGAL OFFICER AND CONFLICTS OF INTEREST ARE NOTED. THE CHILDREN'S NATIONAL BOARD MAKES A DETERMINATION, BASED ON THE RECOMMENDATION OF THE CHIEF LEGAL OFFICER AS TO WHICH PERSONS SHOULD BE CONSIDERED "INTERESTED PARTIES" BASED ON THE CRITERIA SET FORTH IN THE BOARD'S GOVERNANCE POLICY. FORM 990, PART VI, SECTION B, LINES 13 & 14: GOVERNING POLICIES THE HSC FOUNDATION IS GOVERNED BY THE POLICIES OF ITS PARENT, CHILDREN'S NATIONAL. THESE POLICIES INCLUDE A WRITTEN WHISTLEBLOWER POLICY AND A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY.
FORM 990, PART VI, SECTION B, LINE 15PROCESS FOR DETERMINING COMPENSATION THE HSC FOUNDATION RELIES ON ITS PARENT, CHILDREN'S NATIONAL, TO DETERMINE COMPENSATION FOR HSC FOUNDATION'S PRESIDENT, OTHER OFFICERS, AND KEY EMPLOYEES. CHILDREN'S NATIONAL USED AN EXECUTIVE COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE PEOPLE CULTURE AND COMPENSATION COMMITTEE OF THE BOARD TO ESTABLISH COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART VIITHE ORGANIZATION IS NOT REPORTING ANY COMPENSATION INFORMATION ON FORM 990, PART VII IN COMPLIANCE WITH THE IRS INSTRUCTIONS FOR SHORT-YEAR FILERS.
FORM 990, PART XI, LINE 9:NET ASSET TRANSFERRED TO AFFILIATES UPON LEGAL MERGER -94,351,217.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1HSC HOME CARE LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 MICHIGAN AVE NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20010ZIPCd
FieldValueIRS element (for citing)
EIN263268942EIN
Primary ActivitiesHEALTHCAREPrimaryActivitiesTxt
Legal Domicile StateDCLegalDomicileStateCd
Total Income$0TotalIncomeAmt
End Of Year Assets$0EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1HSC FNDNBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (9 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
THE HOSPITAL FOR SICK CHILDREN
111 MICHIGAN AVE NWWASHINGTONDC20010530204670HOSPITALDC501(C)(3)LINE 3HSC FNDNYes (1)
HEALTH SVCS FOR CHILDREN W SPEC NEEDS
111 MICHIGAN AVE NWWASHINGTONDC20010521862406HEALTHCAREDC501(C)(3)LINE 10HSC FNDNYes (1)
CHILDREN'S HOSPITAL FOUNDATION
111 MICHIGAN AVE NWWASHINGTONDC20010521640402FUNDRAISINGDC501(C)(3)LINE 7CNMC0
CHILDREN'S NATIONAL MEDICAL CENTER
111 MICHIGAN AVE NWWASHINGTONDC20010521640403HEALTHCAREDC501(C)(3)LINE 12C, III-FI0N/A
SAFE KIDS WORLDWIDE
1 INVENTA PL 6TH FL WSILVER SPRINGMD20910521627574INJURY PREVENTIONDC501(C)(3)LINE 7CNMC0
CHILDREN'S HOSPITAL
111 MICHIGAN AVE NWWASHINGTONDC20010530196580HEALTHCAREDC501(C)(3)LINE 3CNMC0
BRAINY CAMPS ASSOCIATION
111 MICHIGAN AVE NWWASHINGTONDC20010271547370CHILD CAMPSDC501(C)(3)LINE 12A, ICH0
CHILDREN'S SCHOOL SERVICES
111 MICHIGAN AVE NWWASHINGTONDC20010814291601NURSING SERVICESDC501(C)(3)LINE 12A, ICNMC0
CHILDREN'S RESEARCH INSTITUTE
111 MICHIGAN AVE NWWASHINGTONDC20010521654453RESEARCHDC501(C)(3)LINE 7CNMC0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerInd
CHILDREN'S PEDIATRICIANS AND ASSOCIATES LLC
111 MICHIGAN AVE NWWASHINGTONDC20010522072589HEALTH CAREDCN/A00
5253 NMTC LLC
111 MICHIGAN AVE NWWASHINGTONDC20010832873855PROPERTY MANAGEMENTDCN/A00
5253 HTC LLC
111 MICHIGAN AVE NWWASHINGTONDC20010833044006PROPERTY MANAGEMENTDCN/A00
54 NMTC LLC
111 MICHIGAN AVE NWWASHINGTONDC20010833358685PROPERTY MANAGEMENTDCN/A00
54 HTC LLC
111 MICHIGAN AVE NWWASHINGTONDC20010833385522PROPERTY MANAGEMENTDCN/A00

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationIndAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
CHILDREN'S NATIONAL HEALTH NETWORK
111 MICHIGAN AVENUE NWWASHINGTONDC20010521996521HEALTH CAREDCN/AC0
BEARACUDA RE
REINSURANCEN/AC0PO BOX 69 KY1-1102GRAND CAYMANCJCJ
PEDIATRIC HEALTH NETWORK INC
111 MICHIGAN AVENUE NWWASHINGTONDC20010833415276HEALTH CAREDCN/AC0
BUILDING 5253 MANAGING MEMBER LLC
111 MICHIGAN AVENUE NWWASHINGTONDC20010832801690PROPERTY MANAGEMENTDCN/AC0
BUILDING 54 MANAGING MEMBER LLC
111 MICHIGAN AVENUE NWWASHINGTONDC20010833272918PROPERTY MANAGEMENTDCN/AC0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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