Choc Foundation
- Assets
- $110.9m
- Revenue
- $39.4m
- Investments
- $0.0
- Employees
- 64
- Location
- Orange, CA
- Founding
- 03/1965
- Data as of
- 06/2021
- EIN
- 95-6097416
Organization Overview
Choc Foundation is located in Orange, CA. The organization was established in 1965. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Choc Foundation employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Choc 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 06/2021, Choc Foundation generated $39.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $33.1m during the year ending 06/2021. While expenses have increased by 1.0% 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 2015, Choc Foundation has awarded 21 individual grants totaling $183,094,395. 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
SUPPORTING CLINICAL AND NONCLINICAL SVCS MEDICAL EDUCATION, RESEARCH & ALLIED FIELDS OF PEDIATRIC AT CHILDREN'S HOSPITAL OF OC, CHILDREN'S HOSPITAL AT MISSION AND ITS AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S HOSPITAL OF ORANGE COUNTY (CHOC) - PROVIDES SPECIALIZED PEDIATRIC SERVICES FOR THE CARE OF CHILDREN AND YOUNG ADULTS. DURING THIS YEAR, THERE WERE 61,398 DAYS OF INPATIENT CARE; 59,404 EMERGENCY ROOM VISITS; 11,516 SURGERIES; AND 302,299 PRIMARY AND SPECIALTY CARE CLINIC VISITS. FUNDS RAISED HELPS TO OFFSET COST OF SERVICES PROVIDED TO INDIGENT FAMILIES.
CHILDREN HOSPITAL AT MISSION (CCMH) - FUNDS SUPPORT AFFILIATED ACUTE CARE PEDIATRIC HOSPITAL. FACILITY PROVIDES PEDIATRIC, NEONATAL AND CARE FOR EMERGENCY SERVICES. THERE WERE 6,791 INPATIENT CARE DAYS, 7,902 EMERGENCY ROOM VISITS; 432 SURGERIES AND 12,566 OUTPATIENT VISITS.
CHOC FOUNDATION GENERATES COMMUNITY AWARENESS AND RESOURCES FOR CHOC AND CCMH. THE FOUNDATION SECURES PHILANTHROPIC SUPPORT FOR HEALTH AND WELL BEING OF CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Corbin Sr. Vp, Chief Development Officer | Officer | 40 | $708,337 |
Patrice Poidmore Associate Vp, Corporate & Community Engagement | 40 | $289,583 | |
Wayne Combs Associate Vp, Operations & Administrative Services | 40 | $282,313 | |
Anthony Jennison Assistant Vp, Individual Giving | 40 | $268,668 | |
Kara Kipp Assistant Vp, Leadership Giving | 40 | $248,622 | |
Zachariah Abrams Assistant Vp, Community Engagement | 40 | $229,574 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ci Partners Direct Llc Consulting | 6/29/20 | $437,274 |
Causeforce Llc Consulting | 6/29/20 | $164,617 |
Blackbaud Software Support | 6/29/20 | $104,583 |
Griffiths Printing Consulting | 6/29/20 | $143,039 |
Causeforce Llc Consulting | 6/29/20 | $164,617 |
Ci Partners Direct Llc Consulting | 6/29/20 | $437,274 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,752,661 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,178,161 |
| Noncash contributions included in lines 1a–1f | $4,017,359 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,930,822 |
| Total Program Service Revenue | $0 |
| Investment income | $2,611,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,718 |
| Net Income from Fundraising Events | $824,891 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,351,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,394,170 |
| 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. | $725,858 |
| Compensation of current officers, directors, key employees. | $72,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,572,038 |
| Pension plan accruals and contributions | $131,347 |
| Other employee benefits | $1,518,681 |
| Payroll taxes | $427,873 |
| Fees for services: Management | $835,859 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,127 |
| Fees for services: Other | $458,912 |
| Advertising and promotion | $446,027 |
| Office expenses | $12,808 |
| Information technology | $253,598 |
| Royalties | $0 |
| Occupancy | $697,143 |
| Travel | $43,712 |
| 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 | $153,130 |
| Insurance | $11,167 |
| All other expenses | $0 |
| Total functional expenses | $33,083,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,141,195 |
| Savings and temporary cash investments | $30,656,343 |
| Pledges and grants receivable | $24,265,618 |
| 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 | $117,570 |
| Net Land, buildings, and equipment | $749,511 |
| Investments—publicly traded securities | $45,676,550 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,267,846 |
| Total assets | $110,874,633 |
| Accounts payable and accrued expenses | $1,691,348 |
| 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 | $7,529,556 |
| Total liabilities | $9,220,904 |
| Net assets without donor restrictions | $24,143,586 |
| Net assets with donor restrictions | $77,510,143 |
| 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 | $110,874,633 |
Grants Awarded
Over the last fiscal year, Choc Foundation has awarded $21,394,170 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Orange, CA PURPOSE: HOSPITAL OPERATIONS | $21,217,415 |
Orange, CA PURPOSE: HOSPITAL OPERATIONS | $176,755 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Choc Foundation has recieved totaling $36,000.
| Awarding Organization | Amount |
|---|---|
Bergelectric Charitable Foundation Carlsbad, CA PURPOSE: CHARITABLE | $36,000 |
Endowment Analysis
| Beg. Balance | $65,006,824 |
| Earnings | $9,662,669 |
| Net Contributions | $5,405,046 |
| Other Expense | $1,214,009 |
| Ending Balance | $78,860,530 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Casa Colina Hospital And Centers For Healthcare Pomona, CA | $87,824,424 | $102,811,572 |
Orthopaedic Hospital Los Angeles, CA | $321,251,598 | $66,783,859 |
Childrens Hospital At Mission Orange, CA | $55,659,576 | $65,022,734 |
Barlow Respiratory Hospital Los Angeles, CA | $108,306,008 | $66,669,998 |
Rehabilitation Hospital Of The Pacific Honolulu, HI | $92,438,994 | $51,014,066 |
Choc Foundation Orange, CA | $110,874,633 | $39,351,091 |
Hacienda Inc Phoenix, AZ | $14,483,649 | $24,771,824 |
Translational Pulmonary And Immunology Research Center Long Beach, CA | $5,349,856 | $21,502,717 |
Spectrum Medical Care Center Phoenix, AZ | $14,172,193 | $21,663,529 |
Gary And Mary West Senior Services Inc San Marcos, CA | $11,843,166 | $19,915,431 |
Center For Comprehensive Care And Diagnosis Of Inherited Blood Santa Anna, CA | $53,330,145 | $11,525,331 |
Doernbecher Childrens Hospital Foundation Portland, OR | $92,737,460 | $15,494,612 |