Childrens Mercy Hospital Foundation
- Assets
- $220.5m
- Revenue
- $13.0m
- Investments
- $58.2m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 03/1991
- Data as of
- 06/2020
- EIN
- 43-1564302
Organization Overview
Childrens Mercy Hospital Foundation is located in Kansas City, MO. The organization was established in 1991. 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 06/2020, Childrens Mercy Hospital Foundation generated $13.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $10.2m during the year ending 06/2020. While expenses have increased by 0.0% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR THE ACTIVITIES AND MISSION OF THE CHILDREN'S MERCY HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS MADE TO PROVIDE SUPPORT FOR THE ACTIVITIES AND MISSION OF THE CHILDREN'S MERCY HOSPITAL.
PAYMENTS MADE TO THE CHILDREN'S MERCY HOSPITAL TO BE USED FOR EDUCATION, RESEARCH, AND OTHER RESTRICTED PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Schellhorn Chairman | OfficerTrustee | 4 | $0 |
Corey Biggs Treasurer | OfficerTrustee | 2 | $0 |
Maurice Watson Vice Chairman | OfficerTrustee | 1 | $0 |
Thomas J Mcmahon Secretary | Officer | 4 | $0 |
Katie Mahr Assistant Secretary | Officer | 1 | $0 |
Janise Wacker Assistant Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust Custodian Investment Management | 6/29/20 | $764,216 |
Cambridge Associates Investment Management | 6/29/20 | $155,035 |
The Children's Mercy Hospital Administrative Services | 6/29/20 | $1,172,316 |
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 | $6,697,442 |
| Noncash contributions included in lines 1a–1f | $60,645 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,697,442 |
| Total Program Service Revenue | $0 |
| Investment income | $1,590,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,675,373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,963,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,871,154 |
| 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 | $54,670 |
| Fees for services: Accounting | $76,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,003,792 |
| Fees for services: Other | $1,202,411 |
| 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 | $16,000 |
| Total functional expenses | $10,224,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,082,699 |
| Savings and temporary cash investments | $923,441 |
| Pledges and grants receivable | $4,354,810 |
| 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 | $148,269,590 |
| Investments—other securities | $58,187,839 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,679,631 |
| Total assets | $220,498,010 |
| Accounts payable and accrued expenses | $36,254 |
| 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 | $245,818 |
| Total liabilities | $282,072 |
| Net assets without donor restrictions | $145,128,581 |
| Net assets with donor restrictions | $75,087,357 |
| 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 | $220,498,010 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Childrens Mercy Hospital Foundation has recieved totaling $84,055.
| Awarding Organization | Amount |
|---|---|
American Thrombosis And Hemostasisnetwork Inc Rochester, NY PURPOSE: DATA MANAGEMENT CAPACITY RESEARCH | $84,055 |
Endowment Analysis
| Beg. Balance | $72,784,402 |
| Earnings | $1,951,811 |
| Net Contributions | $3,846,460 |
| Grants | $1,751,619 |
| Ending Balance | $76,831,054 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Food & Commercial Workers Empl Health & Welfare Pl & Tr Cordova, TN | $14,815,999 | $37,656,461 |
Mountaire Employees Medical Benefit Trust Little Rock, AR | $3,183,292 | $45,934,911 |
United Food And Commercial Workers Union Local 227 & Employees Health Louisville, KY | $38,181,012 | $45,889,466 |
St Louis Childrens Hospital Foundation St Louis, MO | $412,826,994 | $49,013,270 |
White County Physician Group Searcy, AR | $12,198 | $38,491,783 |
Regional West Health Services & Affiliated Employee Benefit Trust Scottsbluff, NE | $1,668,438 | $33,220,132 |
Evergy Inc Kansas City, MO | $47,201,105 | $32,692,633 |
Boniface Foundation St Louis, MO | $0 | $16,238,118 |
Midwest Medical Center Galena, IL | $34,962,942 | $26,314,732 |
Motor Car Dealers Assn Of Greater Kansas City Health & Welfare Fund Overland Park, KS | $2,887,292 | $23,569,399 |
Saint Lukes Foundation Kansas City, MO | $224,142,663 | $31,665,376 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $3,317,972 | $19,140,985 |