Childrens Heart Association
- Assets
- $9.1m
- Revenue
- $307.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 10/1942
- Data as of
- 06/2021
- EIN
- 31-0537129
Organization Overview
Childrens Heart Association is located in Cincinnati, OH. The organization was established in 1942. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Heart Association 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 06/2021, Childrens Heart Association generated $307.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $275.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE HEARTFELT HOPE IN PATIENTS AND FAMILIES IMPACTED BY CONGENITAL HEART DEFECTS, AS WELL AS THE MEDICAL PRACTITIONERS THAT CARE FOR THEM, THROUGH THE FUNDING OF GROUNDBREAKING RESEARCH, GLOBAL COLLABORATION, AND HOLISTIC WELL-BEING INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR THE CARDIOLOGY DEPARTMENT OF CINCINNATI CHILDREN'S HOSPITAL THROUGH THE FUNDING OF VARIOUS RESEARCH GRANTS AND OTHER AWARDS.
PATIENT OUTREACH PROVIDES FUNDING OF OUTREACH PROGRAMS TO CURRENT AND FORMER CARDIAC PATIENTS AND THEIR FAMILIES.
PROVIDE SUPPORT FOR THE CARDIOLOGY DEPARTMENT OF CINCINNATI CHILDREN'S HOSPITAL THROUGH THE FUNDING OF VARIOUS RESEARCH GRANTS AND OTHER AWARDS.
PATIENT OUTREACH PROVIDES FUNDING OF OUTREACH PROGRAMS TO CURRENT AND FORMER CARDIAC PATIENTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Kamstra Treasurer | OfficerTrustee | 2 | $0 |
Terry Karageorges President | OfficerTrustee | 2 | $0 |
Zerlina Dubois Vice-President | OfficerTrustee | 2 | $0 |
William Flynn Secretary | OfficerTrustee | 2 | $0 |
Ryan Paul Trustee | Trustee | 2 | $0 |
Julie Balzano Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,491 |
| Total Program Service Revenue | $0 |
| Investment income | $136,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $144,415 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $157,906 |
| 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 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 | $25,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,151 |
| Fees for services: Investment Management | $29,051 |
| Fees for services: Other | $42,166 |
| Advertising and promotion | $1,263 |
| Office expenses | $397 |
| 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 | $4,999 |
| All other expenses | $0 |
| Total functional expenses | $275,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,122 |
| Savings and temporary cash investments | $121,797 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,546,821 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,118,740 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $8,890,661 |
| Net assets with donor restrictions | $228,079 |
| 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 | $9,118,740 |
Grants Awarded
Over the last fiscal year, Childrens Heart Association has awarded $267,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: see page 2, Part IV | $250,000 |
Caledonia, IL PURPOSE: see page 2, Part IV | $17,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Childrens Heart Association has recieved totaling $7,747.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,147 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $200 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $200 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heart Group Of Lancaster General Health Lancaster, PA | $8,306,445 | $18,701,008 |
Light Of Hearts Villa Inc Bedford, OH | $9,144,420 | $3,630,164 |
Sacred Heart Villa Assisted Living Community Reading, PA | $2,656 | $2,071,500 |
Adult Congenital Heart Association Inc Media, PA | $1,775,522 | $2,125,476 |
Cardiovascular Institute Philadelphia, PA | $711,582 | $487,550 |
Sacred Heart Community Corporation Lyndhurst, OH | $894,461 | $513,336 |
Military Order Of The Purple Heart Service And Rehabilitation Office Detroit, MI | $86,761 | $400,813 |
Heart Of The Hills Swim Club Inc Rochester, MI | $717,125 | $372,177 |
Hearts & Hands Of Indiana Corporation Indianapolis, IN | $0 | $200,119 |
Vascular Access Society Of The Americas Inc Frankfort, KY | $250,997 | $370,099 |
Heartland Ministries Inc Hardin, KY | $438,233 | $323,981 |
Childrens Heart Association Cincinnati, OH | $9,118,740 | $307,793 |