Childrens Hospital Foundation
- Assets
- $122.0m
- Revenue
- $19.8m
- Investments
- $24.4m
- Employees
- 30
- Location
- Louisville, KY
- Founding
- 01/1964
- Data as of
- 12/2021
- EIN
- 61-6027530
Organization Overview
Childrens Hospital Foundation is located in Louisville, KY. The organization was established in 1964. 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, Childrens Hospital Foundation employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Hospital 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 12/2021, Childrens Hospital Foundation generated $19.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $14.9m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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, Childrens Hospital Foundation has awarded 40 individual grants totaling $83,990,525. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHILDREN'S HOSPITAL FOUNDATION RAISES FUNDS AND AWARDS GRANTS TO NORTON CHILDREN'S HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHILDREN'S HOSPITAL FOUNDATION (DBA NORTON CHILDREN'S HOSPITAL FOUNDATION) RAISES FUNDS FOR NORTON CHILDREN'S HOSPITAL, KENTUCKY'S ONLY FULL-SERVICE, FREE-STANDING PEDIATRIC HOSPITAL; NORTON CHILDREN'S MEDICAL CENTER; AND PEDIATRIC SERVICES AT NORTON WOMEN'S & CHILDREN'S HOSPITAL TO SUPPORT PROGRAMS, EQUIPMENT AND FACILITIES, RESEARCH, ADVOCACY AND EDUCATION. THE CHILDREN'S HOSPITAL FOUNDATION IS MOTIVATED TO ENSURE THAT CHILDREN FROM THROUGHOUT GREATER LOUISVILLE HAVE THE MEDICAL CARE THEY NEED WHEN THEY NEED IT, WHILE KEEPING KIDS AS CLOSE TO HOME AS POSSIBLE. SUPPORT FROM THE NORTON CHILDREN'S HOSPITAL FOUNDATION ALLOWS THE PEDIATRIC SPECIALISTS OF NORTON CHILDREN'S FACILITIES AND PEDIATRIC SERVICES TO CONTINUE TO RESPOND TO THE UNIQUE MEDICAL NEEDS OF CHILDREN FROM BIRTH TO AGE 18, AND IN SOME CASES THROUGH ADULTHOOD. NORTON CHILDREN'S HOSPITAL IS LOUISVILLE'S ONLY LEVEL I PEDIATRIC TRAUMA CENTER AND THE PRIMARY TEACHING FACILITY FOR THE U OF L SCHOOL OF MEDICINE DEPARTMENT OF PEDIATRICS. MAJOR PROGRAMS FUNDED IN 2021 INCLUDED: * OPERATIONAL FUNDING FOR THE NORTON CHILDREN'S PREVENTION & WELLNESS TEAM, INCLUDING SAFETY CITY AND NO KID HUNGRY, AS WELL AS ADDITIONAL EDUCATION AND OUTREACH * CLINICAL RESEARCH NURSE AT NORTON CHILDREN'S CANCER INSTITUTE, AFFILIATED WITH THE UOFL SCHOOL OF MEDICINE * RESEARCH AND WORKFORCE IN THE DEVELOPMENT OF CAR T-CELL THERAPY FOR HIGH-RISK CHILDHOOD CANCERS * PEDIATRIC ENDOCRINOLOGY FELLOWSHIP, CHILD LIFE SPECIALIST AND COMMUNITY HEALTH WORKER FOR THE WENDY NOVAK DIABETES CENTER * DEVELOPING FOOD PANTRIES THROUGHOUT THE COMMUNITY
THE CHILDREN'S HOSPITAL FOUNDATION PROVIDES FUNDING FOR CAPITAL PROJECTS, IN ADDITION TO PROGRAMS, ADVOCACY, EDUCATION AND RESEARCH. IN 2021, THE FOUNDATION FUNDED THE FOLLOWING CAPITAL PROJECTS: * O-ARM 2 IMAGING SYSTEM, AN INTRAOPERATIVE 2D/3D IMAGING SYSTEM THAT IS DESIGNED TO BE USED IN VARIETY OF PROCEDURES INCLUDING SPINE, CRANIAL, AND ORTHOPEDICS. * JUST FOR KIDS TRANSPORT TEAM AMBULANCE REPLACEMENT * GIRAFFE WARMERS FOR THE NEONATAL INTENSIVE CARE UNIT AT NORTON WOMEN'S & CHILDREN'S HOSPITAL * EXTRACORPOREAL MEMBRANE OXYGENATION (ECMO) TRAINING SIMULATORS IN THE JENNIFER LAWRENCE CARDIAC INTENSIVE CARE UNIT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Trustee/ Sys VP Mission & Outreach | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Children's Miracle Network Direct Market Mailing | 12/30/20 | $236,972 |
Black & White Design Inc Marketing Design Service | 12/30/20 | $114,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $605,097 |
| Related organizations | $0 |
| Government grants | $1,368,555 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,920,037 |
| Noncash contributions included in lines 1a–1f | $1,030,968 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,893,689 |
| Total Program Service Revenue | $0 |
| Investment income | $1,784,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,365,942 |
| Net Income from Fundraising Events | $9,203 |
| Net Income from Gaming Activities | $541,454 |
| Net Income from Sales of Inventory | $180,286 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,774,743 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,739,514 |
| Grants and other assistance to domestic individuals. | $159,306 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,301 |
| Compensation of current officers, directors, key employees. | $47,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,603,648 |
| Pension plan accruals and contributions | $71,504 |
| Other employee benefits | $177,355 |
| Payroll taxes | $106,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $103,005 |
| Fees for services: Investment Management | $301,754 |
| Fees for services: Other | $397,576 |
| Advertising and promotion | $716,287 |
| Office expenses | $25,274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,784 |
| Travel | $6,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,971 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,162 |
| Insurance | $245,999 |
| All other expenses | $0 |
| Total functional expenses | $14,935,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $539,205 |
| Savings and temporary cash investments | $996,379 |
| Pledges and grants receivable | $21,647,774 |
| 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 | $31,093 |
| Prepaid expenses and deferred charges | $66,920 |
| Net Land, buildings, and equipment | $25,373 |
| Investments—publicly traded securities | $50,542,564 |
| Investments—other securities | $24,448,416 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,654,723 |
| Total assets | $121,952,447 |
| Accounts payable and accrued expenses | $1,495,204 |
| 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 | $2,000,000 |
| Total liabilities | $3,495,204 |
| Net assets without donor restrictions | $34,673,596 |
| Net assets with donor restrictions | $83,783,647 |
| 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 | $121,952,447 |
Grants Awarded
Over the last fiscal year, Childrens Hospital Foundation has awarded $10,738,370 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: FUNDING OF CAPITAL PROJECTS, PROGRAMS AND SERVICES | $7,023,424 |
Louisville, KY PURPOSE: FUNDING OF CAPITAL PROJECTS, PROGRAMS AND SERVICES | $2,471,430 |
Louisville, KY PURPOSE: FUNDING OF CAPITAL PROJECTS, PROGRAMS AND SERVICES | $1,047,037 |
Louisville, KY PURPOSE: FUNDING OF ENDOWED CHAIRS, RESEARCH AND EDUCATION | $196,479 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Childrens Hospital Foundation has recieved totaling $54,218.
| Awarding Organization | Amount |
|---|---|
Ephraim Roseman Foundation Inc Brandenburg, KY PURPOSE: BENEVOLENCE | $25,000 |
Corneille A Overstreet Tr Uw Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $13,465 |
O H Irvine 21-38104 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $12,990 |
Charlotte Bullock Estate Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $2,763 |
Endowment Analysis
| Beg. Balance | $11,475,277 |
| Earnings | $1,263,354 |
| Net Contributions | $694,948 |
| Other Expense | $236,566 |
| Ending Balance | $13,197,013 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
St Louis Childrens Hospital Foundation St Louis, MO | $519,869,527 | $109,928,853 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
Midwest Medical Center Galena, IL | $42,348,172 | $34,873,960 |
Evergy Inc Kansas City, MO | $52,468,726 | $27,820,976 |
Fauquier Health Foundation Warrenton, VA | $249,193,841 | $9,571,718 |
Chesapeake Regional Medical Group Chesapeake, VA | $4,557,734 | $12,231,172 |
Indiana University Health Foundation Inc Indianapolis, IN | $328,480,588 | $51,478,300 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
Baker & Mckenzie Medical Veba Tr Ua 061793 Chicago, IL | $1,238,348 | $20,940,528 |