Connecticut Childrens Foundation Inc
- Assets
- $208.7m
- Revenue
- $23.2m
- Investments
- $0.0
- Employees
- 37
- Location
- Hartford, CT
- Founding
- 11/1986
- Data as of
- 09/2021
- EIN
- 22-2619869
Organization Overview
Connecticut Childrens Foundation Inc is located in Hartford, CT. The organization was established in 1986. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2021, Connecticut Childrens Foundation Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Childrens 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 09/2021, Connecticut Childrens Foundation Inc generated $23.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $12.5m during the year ending 09/2021. While expenses have increased by 1.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT CONNECTICUT CHILDREN'S MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING THE MISSION OF CONNECTICUT CHILDREN'S MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL CHILDREN IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kinahan Director - President Ccmc Fdn | OfficerTrustee | 55 | $409,243 |
Alison K Auciello Senior VP Development | 55 | $216,446 | |
Mana Zarinejad VP Corporate & Fdn Relations | 55 | $188,513 | |
Patricia Jasper-Zellner VP Development | 55 | $171,156 | |
Christopher J Dakota Atley VP Foundation Operations | 55 | $165,764 | |
Dianna L Pategas VP Stewardship Donor Relations | 55 | $141,051 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marketing Solutions Unlimited Llc Printing/mailing | 9/29/19 | $142,831 |
Dillon Mailing Bureau Inc Printing/mailing | 9/29/19 | $134,026 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,728,653 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,175,910 |
| Noncash contributions included in lines 1a–1f | $14,001,287 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,904,563 |
| Total Program Service Revenue | $0 |
| Investment income | $3,212,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,000 |
| Net Gain/Loss on Asset Sales | $2,022,850 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,151,101 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,538,020 |
| 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. | $487,972 |
| Compensation of current officers, directors, key employees. | $120,548 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,701,569 |
| Pension plan accruals and contributions | $184,671 |
| Other employee benefits | $223,884 |
| Payroll taxes | $201,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,500 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $272,961 |
| Advertising and promotion | $4,525 |
| Office expenses | $236,431 |
| Information technology | $248,388 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $917 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,756 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $12,486,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,504,210 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,702,761 |
| 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 | $55,158 |
| Net Land, buildings, and equipment | $496,524 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $186,699,226 |
| Intangible assets | $0 |
| Other assets | $284,297 |
| Total assets | $208,742,176 |
| Accounts payable and accrued expenses | $202,547 |
| 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 | $123,736 |
| Total liabilities | $326,283 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $208,415,893 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $208,742,176 |
Grants Recieved
Over the last fiscal year, we have identified 46 grants that Connecticut Childrens Foundation Inc has recieved totaling $2,676,173.
| Awarding Organization | Amount |
|---|---|
The Jpb Foundation New York, NY PURPOSE: EMBEDDING GOAL-CONCORDANT CARE IN HELP ME GROW AFFILIATE SYSTEMS | $885,000 |
The Jpb Foundation New York, NY PURPOSE: EMBEDDING GOAL-CONCORDANT CARE IN HELP ME GROW AFFILIATE SYSTEMS | $865,000 |
Pritzker Family Foundation Chicago, IL PURPOSE: CAPACITY SUPPORT | $200,000 |
Alexs Lemonade Stand Foundation Wynnewood, PA PURPOSE: PEDIATRIC CANCER RESEARCH | $125,000 |
Hartford Foundation For Public Giving Hartford, CT PURPOSE: GENERAL OPERATING SUPPORT | $53,109 |
Rsm Us Foundation Davenport, IA PURPOSE: YOUTH EDUCATION, HEALTH, HOUSING, AND/OR HUNGER | $52,986 |
Endowment Analysis
| Beg. Balance | $26,801,840 |
| Earnings | $841,650 |
| Net Contributions | $792,402 |
| Other Expense | $421,468 |
| Ending Balance | $28,014,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Hospital Radiology Foundation Inc Boston, MA | $61,711,142 | $41,980,369 |
Marcus Avenue Medical Pc Westbury, NY | $15,403,274 | $17,010,236 |
Health & Welfare Fund Of Intern Tional Union Of Operating Engi Quincy, MA | $26,422,414 | $20,857,874 |
Rhode Island Hospital Foundation Providence, RI | $69,328,658 | $16,409,972 |
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
International Union Operating Engineers Johnston, RI | $24,623,216 | $15,388,250 |
Danbury Hospital & New Milford Hospital Foundation Inc Danbury, CT | $175,854,316 | $24,324,982 |
New York And Presbyterian Hospitals Healthcare System Inc New York, NY | $3,724,021 | $13,051,406 |