Childrens Hospital Of Wisconsin Foundation Inc
- Assets
- $1.2b
- Revenue
- $94.4m
- Investments
- $0.0
- Employees
- 63
- Location
- Milwaukee, WI
- Founding
- 03/1985
- Data as of
- 12/2020
- EIN
- 39-1500075
Organization Overview
Childrens Hospital Of Wisconsin Foundation Inc, operating under the name Children's Wisconsin, is located in Milwaukee, WI. 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. As of 12/2021, Children's Wisconsin employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children's Wisconsin 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, Children's Wisconsin generated $94.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $33.4m during the year ending 12/2020. While expenses have increased by 3.3% 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.
Since 2014, Children's Wisconsin has awarded 28 individual grants totaling $139,764,959. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SECURE FINANCIAL SUPPORT FOR CHILDREN'S HOSPITAL AND HEALTH SYSTEM AND ITS TAX EXEMPT AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN COLLABORATION WITH CHILDREN'S HOSPITAL OF WISCONSIN, INC. ("CHW OR "THE HOSPITAL") AND ITS AFFILIATES, CHILDREN'S HOSPITAL OF WISCONSIN FOUNDATION, INC. ("CHWF OR "THE FOUNDATION") RAISES FUNDS TO SUPPORT FREE OR BELOW-COST COMMUNITY PROGRAMS SUCH AS HEALTH EDUCATION, CHILD ABUSE PREVENTION, PARENTING EDUCATION AND INJURY PREVENTION PROGRAMS. FUNDING ALSO SUPPORTS SCHOOL BASED HEALTH CENTERS IN MILWAUKEE SCHOOLS, PRIMARY CARE CLINICS IN UNDERSERVED AREAS, AND SUPPORTS SOCIAL SERVICES PROVIDED TO WISCONSIN CHILDREN AND FAMILIES BY CHILDREN'S SERVICE SOCIETY OF WISCONSIN.
THE FOUNDATION PROVIDES RESOURCES ESSENTIAL TO SUPPORT THE OPERATIONS OF CHW.
IN COLLABORATION WITH CHW AND ITS AFFILIATES, THE FOUNDATION RAISES FUNDS TO SUPPORT INNOVATIVE NEW BIOMEDICAL, CLINICAL AND TRANSLATIONAL RESEARCH.
PHILANTHROPIC SUPPORT RECEIVED BY THE FOUNDATION SUPPORTS CAPITAL EXPENDITURES SUCH AS FACILITIES EXPANSION, RENOVATION AND EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Stewart COO Foundation | Officer | 40 | $314,513 |
Jay Rabideaux VP Development | 40 | $293,574 | |
Maryanne Kessel Executive Development Dir, Hhi | 40 | $287,300 | |
Christine Baranoucky VP Engagement & Stewardship | 40 | $221,114 | |
Kelly Sachse Senior Dir, Planned Giving | 40 | $195,433 | |
Heather Nelson Exec Dir Philanthropy | 40 | $190,484 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Srh Marketing Consulting | 12/30/21 | $841,233 |
Sequoia Investment Fees | 12/30/21 | $317,694 |
Eagle Investment Fees | 12/30/21 | $319,395 |
Children's Miracle Network Hospital Awareness Network | 12/30/21 | $379,780 |
Cambridge Associates Llc Investment Fees | 12/30/21 | $419,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,692,358 |
| Investment income | $16,431,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,597,582 |
| Net Income from Fundraising Events | -$277,437 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,444,184 |
| 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. | $363,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,171,445 |
| Pension plan accruals and contributions | $234,940 |
| Other employee benefits | $412,157 |
| Payroll taxes | $288,344 |
| Fees for services: Management | $893,852 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $292,276 |
| Fees for services: Investment Management | $2,362,614 |
| Fees for services: Other | $861,152 |
| Advertising and promotion | $61,983 |
| Office expenses | $0 |
| Information technology | $278,372 |
| Royalties | $0 |
| Occupancy | $30,752 |
| Travel | $19,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $588 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,954 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $33,354,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $1,238,921 |
| Pledges and grants receivable | $94,997 |
| 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 | $414,267 |
| Investments—publicly traded securities | $887,051,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $317,006,281 |
| Total assets | $1,206,475,471 |
| Accounts payable and accrued expenses | $2,106,814 |
| 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 | $30,354,713 |
| Total liabilities | $32,461,527 |
| Net assets without donor restrictions | $0 |
| 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 | $1,174,013,944 |
Grants Awarded
Over the last fiscal year, Childrens Hospital Of Wisconsin Foundation Inc has awarded $23,017,331 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: MEDICAL RESEARCH, CHILD ABUSE PREVENTION, HEALTH EDUCATION, SCHOOL BASED CLINICS, COMMUNITY SERVICE & CAPITAL SUPPORT | $10,590,008 |
Milwaukee, WI PURPOSE: OPERATION & CAPITAL SUPPORT | $9,052,012 |
Milwaukee, WI PURPOSE: CHILD WELLBEING SERVICES & CAPITAL SUPPORT | $2,613,120 |
Milwaukee, WI PURPOSE: COMMUNITY-BASED PRIMARY CARE CLINICS | $762,191 |
Grants Recieved
Over the last fiscal year, we have identified 55 grants that Childrens Hospital Of Wisconsin Foundation Inc has recieved totaling $10,839,077.
| Awarding Organization | Amount |
|---|---|
Yabuki Family Foundation Milwaukee, WI PURPOSE: GENERAL USE | $3,000,000 |
The Herma Family Foundation Inc Milwaukee, WI PURPOSE: CHARITABLE | $2,000,000 |
Reiman Foundation Inc Pewaukee, WI PURPOSE: NICU EXPANSION AT CHILDREN'S HOSPITAL OF WISCONSIN | $1,002,000 |
Reiman Foundation Inc Pewaukee, WI PURPOSE: GENERAL OPERATIONS | $1,000,000 |
Reiman Foundation Inc Pewaukee, WI PURPOSE: GENERAL OPERATIONS | $1,000,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: RACIAL DISPARITIES IN CHILDREN AT RISK FOR CARDIOVASCULAR DISEASE | $363,434 |
Endowment Analysis
| Beg. Balance | $934,152,315 |
| Earnings | $153,990,449 |
| Admin Expense | $1,986,606 |
| Net Contributions | $26,810,154 |
| Grants | $23,017,331 |
| Ending Balance | $1,089,948,981 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edward Health Ventures Naperville, IL | $136,057,032 | $72,129,789 |
Sinai Health System Chicago, IL | $281,453,478 | $93,419,606 |
Freeport Regional Health Care Found Ation Freeport, IL | $44,647,544 | $45,400,897 |
Teamsters Local 346 Health Fund Trust Bloomington, MN | $55,790,921 | $66,782,892 |
Ann & Robert H Lurie Childrens Hospital Of Chicago Foundation Chicago, IL | $630,869 | $58,277,786 |
Healthpartners Institute Minneapolis, MN | $92,324,263 | $47,741,048 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Midwest Medical Center Galena, IL | $42,348,172 | $34,873,960 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |