Childrens Specialized Hospital Foundation Inc

Organization Overview

Childrens Specialized Hospital Foundation Inc is located in Mountainside, NJ. The organization was established in 1985. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Specialized Hospital Foundation Inc 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 12/2020, Childrens Specialized Hospital Foundation Inc generated $21.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $17.6m during the year ending 12/2020. While expenses have increased by 11.0% 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

FUNDRAISING

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHILDREN'S SPECIALIZED HOSPITAL FOUNDATION IS A TAX EXEMPT ORGANIZATION OPERATED TO RAISE FUNDS FOR CHILDREN'S SPECIALIZED HOSPITAL (CSH) AND ORGANIZATIONS WITH SIMILAR PURPOSES. CSH IS A NON-PROFIT, PEDIATRIC REHABILIATION HOSPITAL AND PEDIATRIC LONG TERM CARE FACILITY. UPON OBTAINING FUNDS, THE FOUNDATION INVESTS THESE ASSETS AND THE INTEREST AND PRINCIPAL ARE USED FOR EDUCATIONAL, SCIENTIFIC AND CHARITABLE PURPOSES CARRIED OUT BY ORGANIZATIONS INCLUDING CSH AND THOSE WITH SIMILAR MISSIONS. THE FOUNDATION HOLDS VARIOUS EVENTS THROUGHOUT THE YEAR THAT BENEFIT SPECIFIC ACTIVITIES OR NEED AS SPECIFIED BY FOUNDATION MANAGEMENT.


THROUGH A RESOLUTION APPROVED BY THE FOUNDATION BOARD OF TRUSTEES ON DECEMBER 8, 2020 AND EFFECTIVE JANUARY 1, 2021, THE BOARD OF TRUSTEES OF CHILDREN'S SPECIALIZED HOSPITAL FOUNDATION RESOLVED TO UTILIZE INVESTMENTS TO FUND ANNUAL FOUNDATION OPERATIONAL EXPENSES ALLOWING 100% OF EVERY DONATION TO CHILDREN'S SPECIALIZED HOSPITAL FOUNDATION TO SUPPORT THE VITAL PROGRAMS AND SERVICES THAT ARE TRANSFORMING THE LIVES OF CHILDREN WITH SPECIAL HEALTHCARE NEEDS.


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Board, Officers & Key Employees

Name (title)Compensation
Philip Salerno III
President & Chief Dvlpmnt
$504,208
Beth Anne Dobosh
Employee
$144,027
Elena Herskowitz
Employee
$142,685
Janet Lambert
Employee
$108,793
Michael Harrison ESQ
Vice Chairman
$0
Leslie Taylor
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$28,750
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$16,134,855
Noncash contributions included in lines 1a–1f $154,021
Total Revenue from Contributions, Gifts, Grants & Similar$16,163,605
Total Program Service Revenue$0
Investment income $1,339,229
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,582,398
Net Income from Fundraising Events $654,317
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,767,300

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Childrens Specialized Hospital Foundation Inc has recieved totaling $15,000.

Awarding OrganizationAmount
Provident Bank Foundation Inc

Iselin, NJ

PURPOSE: FAMILY FOOD VOUCHER PROGRAM

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,173,895
Earnings$1,727,704
Other Expense$471,000
Ending Balance$13,430,599

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