Alabama Childrens Hospital Foundation
- Assets
- $1.3b
- Revenue
- $67.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 05/1986
- Data as of
- 12/2021
- EIN
- 63-0879471
Organization Overview
Alabama Childrens Hospital Foundation is located in Birmingham, AL. The organization was established in 1986. 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. Alabama 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, Alabama Childrens Hospital Foundation generated $67.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $12.3m during the year ending 12/2021. While expenses have increased by 6.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ALABAMA CHILDREN'S HOSPITAL FOUNDATION (THE FOUNDATION) IS TO SUPPORT THE ACTIVITIES AND MISSION OF THE HOSPITAL (CHA).
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND GENERAL ADMINISTRATION OF FUNDRAISING ACTIVITIES FOR THE HOSPITAL (CHA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Walton Chief Financial Officer | OfficerTrustee | 1 | $0 |
Ralph Frohsin Jr Vice President Of The Foundation | OfficerTrustee | 1 | $0 |
J David Brown III President Of The Foundation | OfficerTrustee | 1 | $0 |
Beth G Dubina Secretary/treasurer Of The Foudation | OfficerTrustee | 1 | $0 |
Thomas G Shufflebarger President & CEO (effective June 1, 2022) | Officer | 1 | $0 |
William Michael Warren Jr Director & CEO (through May, 31, 2021) | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,450,135 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,207,462 |
| Noncash contributions included in lines 1a–1f | $375,742 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,657,597 |
| Total Program Service Revenue | $0 |
| Investment income | $10,010,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,413,305 |
| Net Gain/Loss on Asset Sales | $39,359,022 |
| Net Income from Fundraising Events | -$751,223 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,689,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,377,188 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,240,668 |
| Advertising and promotion | $82,580 |
| Office expenses | $491,255 |
| Information technology | $138,174 |
| Royalties | $0 |
| Occupancy | $1,739 |
| Travel | $45,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,238 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $497,742 |
| Insurance | $2,435 |
| All other expenses | $0 |
| Total functional expenses | $12,289,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,243,639 |
| Pledges and grants receivable | $18,856,460 |
| Accounts receivable, net | $108,125 |
| 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 | $523,747 |
| Net Land, buildings, and equipment | $21,295,867 |
| Investments—publicly traded securities | $1,171,351,152 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,349,378 |
| Total assets | $1,336,728,368 |
| Accounts payable and accrued expenses | $409,146 |
| 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 | $138,491 |
| Total liabilities | $547,637 |
| Net assets without donor restrictions | $1,272,473,442 |
| Net assets with donor restrictions | $63,707,289 |
| 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 | $1,336,728,368 |
Grants Awarded
Over the last fiscal year, Alabama Childrens Hospital Foundation has awarded $4,377,188 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALABAMA AT BIRMINGHAM PURPOSE: Endowed Chair Expense/Kaul Pediatric Research Institute Grant | $2,741,246 |
Birmingham, AL PURPOSE: operations | $1,635,942 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Alabama Childrens Hospital Foundation has recieved totaling $352,676.
| Awarding Organization | Amount |
|---|---|
Intermountain Healthcare Foundation Inc Salt Lake City, UT PURPOSE: HCRN CLINSITE RESEARCH | $50,000 |
Lee Bruno Foundation Birmingham, AL PURPOSE: GENERAL | $50,000 |
Columbus Foundation Columbus, OH PURPOSE: HEALTH | $50,000 |
Stephens Foundation Birmingham, AL PURPOSE: SUPPORT OF THE ORGANIZATION | $35,000 |
Crippled Childrens Foundation Birmingham, AL PURPOSE: Fulfill medical needs for children, whose needs would otherwise be unmet. | $30,000 |
Crippled Childrens Foundation Birmingham, AL PURPOSE: Fulfill medical needs for children, whose needs would otherwise be unmet. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capstone Health Services Foundation P C Tuscaloosa, AL | $29,375,344 | $27,823,379 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
St Anthonys Professional Buildings & Services Inc Tampa, FL | $66,592,493 | $24,044,105 |
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
West Florida Health Home Care Inc Temple Terrace, FL | $9,306,071 | $17,546,584 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Mount Sinai Medical Center Foundation Inc Miami Beach, FL | $381,873,831 | $56,255,268 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |