Boston Childrens Heart Foundation

Organization Overview

Boston Childrens Heart Foundation is located in Boston, MA. The organization was established in 1984. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 09/2021, Boston Childrens Heart Foundation employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Childrens Heart Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2020, Boston Childrens Heart Foundation generated $54.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $51.0m during the year ending 09/2020. While expenses have increased by 2.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION PROVIDES AN EXTENSIVE RANGE OF EVALUATION SERVICES FOR PATIENTS (SEE SCHEDULE O) WITH HEART DISEASES, MEDICAL RESEARCH, AND EDUCATIONAL SERVICES TO BOSTON CHILDREN'S HOSPITAL AND HARVARD MEDICAL SCHOOL. THE FOUNDATION ALSO PROVIDES CARE FOR PATIENTS IN NEED OF CARDIOLOGY SERVICES, REGARDLESS OF THEIR ABILITY TO PAY, AS WELL AS PROVIDING COMMUNITY BASED SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES CARDIOLOGY SERVICES PRIMARILY TO PATIENTS AT BOSTON CHILDREN'S HOSPITAL AND AT SATELLITE LOCATIONS. THE FOUNDATION MAY CHARGE FOR PATIENT CARE AND OTHER MEDICAL SERVICES, PROVIDED THAT ANY NET INCOME BE USED FOR THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES FOR WHICH THE FOUNDATION WAS CREATED. THE FOUNDATION ALSO PROVIDES CARE FOR PATIENTS REGARDLESS OF THEIR ABILITY TO PAY, AS WELL AS PROVIDING AND SUBSIDIZING HOSPITAL AND COMMUNITY BASED SERVICES THAT ARE EITHER UNAVAILABLE OR LIMITED ELSEWHERE IN THE COMMUNITY.


THE FOUNDATION RECEIVES INCOME FROM BOSTON CHILDREN'S HOSPITAL FOR PROVIDING ADMINISTRATION, SUPERVISION, AND TEACHING SERVICES. THE FOUNDATION CARRIES ON AND PROMOTES BASIC AND APPLIED MEDICAL RESEARCH AND EDUCATION IN THE FIELD OF CARDIOLOGY BY TEACHING STUDENTS AND OTHER MEDICAL AND SCIENTIFIC PERSONNEL; BY PROVIDING OR SUPPLEMENTING INCOME TO RESEARCH PERSONNEL THROUGH FELLOWSHIPS, RESEARCH GRANTS, AND STIPENDS; AND BY GIVING LECTURES AND PUBLISHING INFORMATION CONCERNING PROBLEMS AND RESEARCH RESULTS IN THE FIELD OF PEDIATRIC CARDIOLOGY IN ORDER TO EDUCATE THE GENERAL PUBLIC AND THE MEDICAL PROFESSION.


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Board, Officers & Key Employees

Name (title)Compensation
Tal Geva MD
President
$734,830
Edward P Walsh MD
Cardiologist
$543,907
Jane Newburger MD
Dept. Chief
$489,610
John Kheir MD
Cardiologist
$448,861
Thomas J Kulik MD
Cardiologist
$445,431
John Triedman MD
Treasurer
$440,884

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Child Health Foundation Of Boston
Physician Services
$117,369
Mgh Po - Pediatric Cardiology
Physician Services
$114,159
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,027,735
Investment income $84,282
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $54,530,838

Grants Awarded

Over the last fiscal year, Boston Childrens Heart Foundation has awarded $7,864,533 in support to 2 organizations.

Grant RecipientAmount

BOSTON CHILDREN'S HOSPITAL

Org PageRecipient Profile

Boston, MA

PURPOSE: General support

$7,857,033

AMERICAN HEART ASSOCIATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: General support

$7,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Boston Childrens Heart Foundation has recieved totaling $1,095.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$1,095
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,229,994
Net Contributions$1,037,805
Other Expense$1,679,188
Ending Balance$1,588,611

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