Texas Childrens Hospital Foundation
- Assets
- $2.5b
- Revenue
- $96.5m
- Investments
- $1.5b
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/2005
- Data as of
- 09/2019
- EIN
- 20-2380599
Organization Overview
Texas Childrens Hospital Foundation is located in Houston, TX. The organization was established in 2005. 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.
For the year ending 09/2019, Texas Childrens Hospital Foundation generated $96.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $5.2m during the year ending 09/2019. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A HEALTHIER FUTURE FOR CHILDREN AND WOMEN THROUGHOUT OUR GLOBAL COMMUNITY BY LEADING IN PATIENT CARE, EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TEXAS CHILDREN'S HOSPITAL FOUNDATION, IN FULFILLING ITS PURPOSE OF SUPPORTING TEXAS CHILDREN'S HOSPITAL, ACTIVELY MANAGES INVESTMENTS FOR THE HOSPITAL TO GENERATE SUPPORT FUNDS. THE FUNDS ARE SPECIFICALLY IN SUPPORT OF TEXAS CHILDREN'S HOSPITAL'S ADVANCES IN CUTTING-EDGE PEDIATRIC MEDICAL RESEARCH AND PROVIDING GREATER ACCESS TO HIGH-QUALITY HEALTHCARE FOR WOMEN, CHILDREN AND FAMILIES IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bares Capital Management Investment Mgmt | 9/29/19 | $255,159 |
Parametric Investment Mgmt | 9/29/19 | $363,196 |
Pimcom Investment Mgmt | 9/29/19 | $521,349 |
Chickasaw Investment Mgmt | 9/29/19 | $419,735 |
Doubleline Tr Investment Mgmt | 9/29/19 | $362,437 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $28,516,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $67,937,161 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,453,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,133,772 |
| Fees for services: Other | $847,383 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,237,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,620,760 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $822,687,899 |
| Investments—other securities | $1,510,630,127 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,391,808 |
| Total assets | $2,534,330,594 |
| Accounts payable and accrued expenses | $180,843,888 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $333,862,425 |
| Total liabilities | $514,706,313 |
| Net assets without donor restrictions | $2,019,624,281 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,019,624,281 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Childrens Hospital Foundation has recieved totaling $6,474.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,474 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $3,789,441 | $19,867,687 |
Georges Inc Medical Tr Springdale, AR | $3,808,503 | $19,628,659 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Shannon Business Services Inc San Angelo, TX | $5,823,396 | $16,328,723 |
Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Paso Del Norte Health Foundation El Paso, TX | $255,526,957 | $23,374,956 |
Texas Medical Center Foundation Houston, TX | $1,744,431 | $8,894,537 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $1,885,537 | $11,607,764 |
Integris Health Foundation Inc Oklahoma City, OK | $75,771,148 | $10,101,207 |
Presbyterian Health Foundation Oklahoma City, OK | $0 | $7,892,829 |
Anchorum St Vincent Santa Fe, NM | $142,296,047 | $10,827,762 |
San Antonio Medical Foundation San Antonio, TX | $8,350,520 | $1,163,072 |