Phoenix Childrens Hospital Foundation
- Assets
- $174.4m
- Revenue
- $43.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 08/1986
- Data as of
- 12/2023
- 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 12/2023, Phoenix Childrens Hospital Foundation generated $43.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $38.6m during the year ending 12/2023. While expenses have increased by 8.6% per year over the past 9 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
2023
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 SHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/pres & CEO Of Pch | OfficerTrustee | 1 | $0 |
Name Not Listed Dir./vice Chair & Sec./treas. | OfficerTrustee | 1 | $0 |
Name Not Listed Dir./sr VP & Chief Dev Officer | OfficerTrustee | 40 | $0 |
Name Not Listed Director/chair | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Immediate Past Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Solomon Consulting Services Consulting | 12/30/23 | $180,586 |
Ginger Brandt Consulting | 12/30/23 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,625,660 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,862,360 |
| Noncash contributions included in lines 1a–1f | $1,144,622 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,488,020 |
| Total Program Service Revenue | $0 |
| Investment income | $3,248,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$27,418 |
| Net Income from Fundraising Events | $715,860 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,462,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,922,372 |
| 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. | $1,121,954 |
| Compensation of current officers, directors, key employees. | $174,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,079,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,622,472 |
| Payroll taxes | $696,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,559,240 |
| Fees for services: Investment Management | $260,334 |
| Fees for services: Other | $579,771 |
| Advertising and promotion | $369,981 |
| Office expenses | $60,485 |
| Information technology | $557,565 |
| Royalties | $0 |
| Occupancy | $295,041 |
| Travel | $45,867 |
| 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 | $128,856 |
| Insurance | $0 |
| All other expenses | $521,652 |
| Total functional expenses | $38,550,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,283,769 |
| Savings and temporary cash investments | $12,252,842 |
| Pledges and grants receivable | $30,768,033 |
| 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 | $1,124,927 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,991,352 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,016,153 |
| Total assets | $174,437,076 |
| Accounts payable and accrued expenses | $222,866 |
| 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 | $50,131 |
| Total liabilities | $272,997 |
| Net assets without donor restrictions | $82,674,855 |
| Net assets with donor restrictions | $91,489,224 |
| 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 | $174,437,076 |