Phoenix Childrens Hospital Foundation
- Assets
- $169.7m
- Revenue
- $47.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 08/1986
- Data as of
- 12/2021
- EIN
- 74-2421549
Organization Overview
Phoenix Childrens Hospital Foundation is located in Phoenix, AZ. 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. Phoenix 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, Phoenix Childrens Hospital Foundation generated $47.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $25.7m during the year ending 12/2021. While expenses have increased by 4.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT PHOENIX CHILDREN'S HOSPITAL, A RELATED TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vp, Foundation Operations | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ginger Brandt Consulting | 12/30/20 | $120,000 |
Marke Team Llc Fundraising Services | 12/30/20 | $705,505 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,944,030 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,734,831 |
| Noncash contributions included in lines 1a–1f | $268,372 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,678,861 |
| Total Program Service Revenue | $0 |
| Investment income | $1,468,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,779 |
| Net Income from Fundraising Events | $2,844,468 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,955,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,641,628 |
| 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. | $4,241,863 |
| Compensation of current officers, directors, key employees. | $956,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,542,589 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,920,962 |
| Payroll taxes | $455,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $126,299 |
| Fees for services: Investment Management | $219,182 |
| Fees for services: Other | $1,567,154 |
| Advertising and promotion | $489,527 |
| Office expenses | $64,352 |
| Information technology | $476,316 |
| Royalties | $0 |
| Occupancy | $251,615 |
| Travel | $14,938 |
| 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 | $1,119,488 |
| Total functional expenses | $25,652,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,501,428 |
| Savings and temporary cash investments | $9,561,243 |
| Pledges and grants receivable | $30,070,768 |
| 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 | $947,181 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $22,900,331 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,673,318 |
| Total assets | $169,654,269 |
| Accounts payable and accrued expenses | $724,780 |
| 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 | $552,882 |
| Total liabilities | $1,277,662 |
| Net assets without donor restrictions | $82,826,915 |
| Net assets with donor restrictions | $85,549,692 |
| 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 | $169,654,269 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Phoenix Childrens Hospital Foundation has recieved totaling $78,000.
| Awarding Organization | Amount |
|---|---|
Gavers Community Cancer Foundation Woodstock, IL PURPOSE: CANCER RESEARCH | $40,000 |
Donald & Kimberlee Slager Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $25,000 |
Donald & Kimberlee Slager Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $10,000 |
Edward And Barbara E Chulew Private Foundation Scottsdale, AZ PURPOSE: CHARITABLE DONATION | $3,000 |
Endowment Analysis
| Beg. Balance | $20,577,408 |
| Earnings | $1,496,808 |
| Admin Expense | $8,051 |
| Net Contributions | $2,413,074 |
| Ending Balance | $24,479,239 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teamsters Managed Health Care Trust Pleasanton, CA | $34,990,586 | $90,291,232 |
High Desert & Inland Employee- Employer Trust Apple Valley, CA | $8,134,571 | $74,305,229 |
Childrens Hospital Colorado Aurora, CO | $82,093,009 | $83,634,680 |
Intel Retiree Medical Plan Tr Santa Clara, CA | $691,186,910 | $97,588,377 |
Saint Agnes Medical Foundation Fresno, CA | $14,742,009 | $46,818,162 |
Amalgamated Transit Union-Div 1277 Scrtd Health & Welfare Fund Los Angeles, CA | $65,023,279 | $80,787,185 |
Kaiser Health Plan Asset Management Inc Oakland, CA | $308,869,561 | $61,696,347 |
Baychildrens Physicians Emeryville, CA | $9,899,523 | $53,401,080 |
St Joseph Health System Foundation Irvine, CA | $143,290,236 | $11,443,697 |
Montage Health Monterey, CA | $1,194,971,781 | $24,934,735 |
Hoag Hospital Foundation Newport Beach, CA | $584,715,727 | $185,764,932 |
California Pacific Medical Center Foundation Sacramento, CA | $485,240,778 | $61,000,436 |