Childrens Hospital & Medical Center Foundation
- Assets
- $85.9m
- Revenue
- $31.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 04/1983
- Data as of
- 12/2022
- EIN
- 47-6105603
Organization Overview
Childrens Hospital & Medical Center Foundation is located in Omaha, NE. The organization was established in 1983. 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. Childrens Hospital & Medical Center Foundation 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 12/2022, Childrens Hospital & Medical Center Foundation generated $31.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $11.8m during the year ending 12/2022. While expenses have increased by 5.2% 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, Childrens Hospital & Medical Center Foundation has awarded 41 individual grants totaling $79,142,516. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE AND DISTRIBUTE FUNDS, SOLICITED FROM THE PUBLIC, TO SUPPORT THE OBJECTIVE AND PURPOSE OF CHILDREN'S HOSPITAL & MEDICAL CENTER'S PREMIER PEDIATRIC SERVICES AND PROGRAMS.
Describe the Organization's Program Activity:
THE FOUNDATION'S PURPOSE IS TO SOLICIT, RECEIVE, INVEST AND DISTRIBUTE GENERAL AND SPECIFIC, RESTRICTED AND UNRESTRICTED GIFTS FOR THE BENEFIT AND SUPPORT OF CHILDREN'S HOSPITAL & MEDICAL CENTER. GRANTS ARE APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS FOR THE BENEFIT OF CHILDREN'S HOSPITAL & MEDICAL CENTER AND AFFILIATES. SEE HTTPS://WWW.CHILDRENSNEBRASKA.ORG/GET-INVOLVED/ADVOCACY-OUTREACH/COMMUNITY-BENEFIT/ FOR THE COMMUNITY BENEFIT REPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Heider Chair | OfficerTrustee | 1 | $0 |
Barrett Knudson Vice Chair | OfficerTrustee | 1 | $0 |
Robb Pantano Secretary | OfficerTrustee | 1 | $0 |
Jamie Walker Treasurer | OfficerTrustee | 1 | $0 |
Jody Carstens Director | Trustee | 1 | $0 |
David Dvorak Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Children's Miracle Network Fundraising | 12/30/19 | $241,521 |
Meca Omaha Event Venue | 12/30/19 | $138,684 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $503,767 |
| Related organizations | $0 |
| Government grants | $80,758 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,999,091 |
| Noncash contributions included in lines 1a–1f | $686,485 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,583,616 |
| Total Program Service Revenue | $0 |
| Investment income | $2,815,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,072,662 |
| Net Income from Fundraising Events | $563,825 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $128,965 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,164,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,244,075 |
| 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 | $275,848 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $401,745 |
| Fees for services: Investment Management | $415,512 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,991 |
| Office expenses | $58,370 |
| Information technology | $76,430 |
| Royalties | $0 |
| Occupancy | $1,013 |
| Travel | $3,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,330 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,054 |
| Insurance | $74,405 |
| All other expenses | $124,259 |
| Total functional expenses | $11,846,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,969,119 |
| Savings and temporary cash investments | $15,637,091 |
| Pledges and grants receivable | $13,650,436 |
| 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 | $245,753 |
| Net Land, buildings, and equipment | $11,442 |
| Investments—publicly traded securities | $52,417,244 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,931,085 |
| Accounts payable and accrued expenses | $2,556,701 |
| 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 | $42,500 |
| Total liabilities | $2,599,201 |
| Net assets without donor restrictions | $49,579,967 |
| Net assets with donor restrictions | $33,751,917 |
| 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 | $85,931,085 |
Grants Awarded
Over the last fiscal year, Childrens Hospital & Medical Center Foundation has awarded $8,244,075 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL & MEDICAL CENTER PURPOSE: PROGRAM SUPPORT | $8,042,813 |
NEBRASKA PEDIATRIC PRACTICE PURPOSE: PROGRAM SUPPORT | $156,610 |
CHILDREN'S PHYSICIANS PURPOSE: PROGRAM SUPPORT | $44,652 |