Rady Childrens Hospital Foundation- San Diego
- Assets
- $197.0m
- Revenue
- $71.7m
- Investments
- $0.0
- Employees
- 69
- Location
- San Diego, CA
- Founding
- 07/1986
- Data as of
- 06/2023
- EIN
- 33-0170626
Organization Overview
Rady Childrens Hospital Foundation- San Diego is located in San Diego, CA. The organization was established in 1986. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Rady Childrens Hospital Foundation- San Diego employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rady Childrens Hospital Foundation- San Diego 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 06/2023, Rady Childrens Hospital Foundation- San Diego generated $71.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $79.0m during the year ending 06/2023. While expenses have increased by 10.5% per year over the past 8 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.
Since 2015, Rady Childrens Hospital Foundation- San Diego has awarded 18 individual grants totaling $490,561,942. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING FOR RADY CHILDREN'S HOSPITAL SAN DIEGO, RADY CHILDREN'S HOSPITAL & HEALTH CENTER, & RADY CHILDREN'S RESEARCH CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING PROGRAMS: SOLICITATION AND FUNDRAISING IN SUPPORT OF PROGRAMS, PROJECTS, AND SERVICES OF RADY CHILDREN'S HOSPITAL - SAN DIEGO, RADY CHILDREN'S INSTITUTE FOR GENOMIC MEDICINE AND RADY CHILDREN'S HOSPITAL AND HEALTH CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridgett M Brown Board Member | Trustee | 2 | $0 |
Carlee Harmonson Board Member | Trustee | 2 | $0 |
Chris Tresse Board Member | Trustee | 2 | $0 |
Doug Arthur Board Chair | OfficerTrustee | 4 | $0 |
Doug Dawson Board Member | Trustee | 2 | $0 |
Edward J Bezdek Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ci Partners Direct Inc Fundraising | 6/29/23 | $446,023 |
San Diego Bowl Game Association Marketing | 6/29/23 | $800,000 |
Children's Miracle Network Fundraising | 6/29/23 | $402,051 |
San Diego Loyal Soccer Club Llc Marketing | 6/29/23 | $400,000 |
Sd Lacrosse Llc (San Diego Seals) Marketing | 6/29/23 | $326,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,667,362 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,535,637 |
| Noncash contributions included in lines 1a–1f | $485,406 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,202,999 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,257 |
| Net Income from Fundraising Events | $467,338 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,674,594 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,410,455 |
| 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. | $1,436,350 |
| Compensation of current officers, directors, key employees. | $305,368 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,455,080 |
| Pension plan accruals and contributions | $325,232 |
| Other employee benefits | $773,310 |
| Payroll taxes | $548,854 |
| Fees for services: Management | $284,773 |
| Fees for services: Legal | $2,533 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $750,086 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,510,325 |
| Advertising and promotion | $798,974 |
| Office expenses | $21,683 |
| Information technology | $215,828 |
| Royalties | $0 |
| Occupancy | $8,005 |
| Travel | $173,464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $246,004 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,508 |
| Insurance | $0 |
| All other expenses | $161,469 |
| Total functional expenses | $78,979,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,947 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $195,388,875 |
| Accounts receivable, net | $290,838 |
| 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 | $1,189,564 |
| Net Land, buildings, and equipment | $26,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $196,997,890 |
| Accounts payable and accrued expenses | $527,702 |
| Grants payable | $0 |
| Deferred revenue | $647,869 |
| 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 | $6,422,823 |
| Total liabilities | $7,598,394 |
| Net assets without donor restrictions | $189,399,496 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $196,997,890 |
Grants Awarded
Over the last fiscal year, Rady Childrens Hospital Foundation- San Diego has awarded $63,410,455 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RADY CHILDREN'S HOSPITAL - SAN DIEGO PURPOSE: GENERAL SUPPORT | $62,775,022 |
RADY CHILDREN'S INSTITUTE FOR GENOMIC MEDICINE PURPOSE: GENERAL SUPPORT | $635,433 |