Childrens Medical Center Foundation
- Assets
- $2.0b
- Revenue
- $64.2m
- Investments
- $1.9b
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 09/1986
- Data as of
- 12/2020
- EIN
- 75-2062015
Organization Overview
Childrens Medical Center Foundation is located in Dallas, TX. 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. Childrens 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 12/2020, Childrens Medical Center Foundation generated $64.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $36.7m during the year ending 12/2020. While expenses have increased by 4.4% 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.
Since 2014, Childrens Medical Center Foundation has awarded 67 individual grants totaling $182,145,792. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHILDREN'S MEDICAL CENTER FOUNDATION PURSUES AND SECURES PHILANTHROPIC CONTRIBUTIONS TO ENABLE CHILDREN'S HEALTH SYSTEM OF TEXAS AND ITS RELATED ENTITIES TO FULFILL THE MISSION OF MAKING LIFE BETTER FOR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S MEDICAL CENTER FOUNDATION SHALL BE OPERATED EXCLUSIVELY FOR THE PROMOTION OF HEALTH AND THE ADVANCEMENT OF EDUCATION UNDER IRC SECTION 501(C)(3). THE FOUNDATION PURSUES AND SECURES PHILANTHROPIC CONTRIBUTIONS TO ENABLE CHILDREN'S HEALTH SYSTEM OF TEXAS, A 501(C)(3) ORGANIZATION, AND ITS RELATED ENTITIES TO FULFILL THE MISSION OF MAKING LIFE BETTER FOR CHILDREN, IN FURTHERANCE OF THEIR CHARITABLE PURPOSES. TO ACCOMPLISH THIS PURPOSE THE FOUNDATION, LIKE CHILDREN'S HEALTH, IS COMMITTED TO SUPPORTING THE INSTITUTION'S GUIDING PRINCIPLES: QUALITY CARE, RESEARCH AND INNOVATION, EDUCATION AND ADVOCACY, EXCELLENCE AND ACCOUNTABILITY. THE FOUNDATION, IN ADDITION TO SOLICITING CONTRIBUTIONS, THEN HOLDS, ADMINISTERS, INVESTS CASH AND OTHER PROPERTY THAT WAS CONTRIBUTED AND MAKES TRANSFERS TO CHILDREN'S HEALTH SYSTEM OF TEXAS AND ITS AFFILIATED 501(C)(3) ENTITIES FOR USE IN PURSUING THEIR TAX EXEMPT MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counselling Service Consulting | 12/30/21 | $466,710 |
Pursuant Agency Llc Fundraising Services | 12/30/21 | $677,010 |
Impact Printing & Graphic Printing Services | 12/30/21 | $144,095 |
Tony Fay Public Relations Public Relations And Marketing | 12/30/21 | $238,767 |
Eric Rob Isaac Inc Marketing Services | 12/30/21 | $130,924 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,640,641 |
| Investment income | $159,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $269,768 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,119,861 |
| Net Income from Fundraising Events | $24,342 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,214,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $18,512 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $7,751,393 |
| Pension plan accruals and contributions | $624,527 |
| Other employee benefits | $601,491 |
| Payroll taxes | $440,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $714,725 |
| Fees for services: Investment Management | $2,615,572 |
| Fees for services: Other | $944,963 |
| Advertising and promotion | $54,832 |
| Office expenses | $985,075 |
| Information technology | $37,854 |
| Royalties | $0 |
| Occupancy | $183,110 |
| Travel | $18,746 |
| 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 | $316,193 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $36,740,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,696 |
| Savings and temporary cash investments | $26,326,387 |
| Pledges and grants receivable | $10,180,176 |
| 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 | $100,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,929,216,638 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,150,562 |
| Total assets | $1,970,405,088 |
| Accounts payable and accrued expenses | $1,536,902 |
| Grants payable | $4,921,127 |
| 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 | $7,120,491 |
| Total liabilities | $13,578,520 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,956,826,568 |
Grants Awarded
Over the last fiscal year, Childrens Medical Center Foundation has awarded $30,299,583 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: Program Operations & Capital Support | $21,075,603 |
Dallas, TX PURPOSE: Program Operations & Capital Support | $5,216,185 |
Dallas, TX PURPOSE: Program Operations | $2,030,146 |
Dallas, TX PURPOSE: Program Operations & Capital Support | $1,249,930 |
Dallas, TX PURPOSE: Program Operations | $642,491 |
Dallas, TX PURPOSE: Program Operations | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Childrens Medical Center Foundation has recieved totaling $261,000.
| Awarding Organization | Amount |
|---|---|
Ivor Oconner Morgan Trust Dallas, TX PURPOSE: PEDIATRIC PULMONARY PROGRAM | $255,000 |
Foss Family Foundation Albany, NY PURPOSE: GENERAL CHARITABLE PURPOSE | $5,000 |
Peter P And Bonnie B Smith Dallas, TX PURPOSE: CHILDREN'S RESEARCH INST. OPERATING FUNDS | $1,000 |
Endowment Analysis
| Beg. Balance | $226,369,095 |
| Earnings | $31,407,410 |
| Net Contributions | $3,498,110 |
| Other Expense | -$1,717,754 |
| Grants | $7,504,082 |
| Ending Balance | $255,488,287 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Essential Healthcare Partnerships Foundation Austin, TX | $3,184,613 | $86,533,051 |
Baptist Health Services Little Rock, AR | $51,469,112 | $76,869,884 |
Sealy & Smith Foundation Galveston, TX | $1,823,742,664 | $193,760,950 |
Mountaire Employees Medical Benefit Trust Little Rock, AR | $4,300,671 | $51,578,567 |
Transport Workers Mta Health And Welfare Tr Houston, TX | $10,025,707 | $53,517,376 |
Harris County Hospital District Foundation Bellaire, TX | $42,615,141 | $23,031,096 |
W I Cook Foundation Inc Fort Worth, TX | $3,246,012,284 | $259,660,047 |
Childrens Medical Center Foundation Dallas, TX | $1,970,405,088 | $64,214,565 |
Gshs Administrative Services Organization Inc Longview, TX | $3,821,992 | $32,386,518 |
Memorial Hermann Foundation Houston, TX | $128,175,720 | $33,729,240 |
St Joseph Services Corporation Bryan, TX | $46,581,742 | $27,740,881 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |