Childrens Specialized Hospital Foundation Inc
- Assets
- $101.6m
- Revenue
- $14.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Mountainside, NJ
- Founding
- 10/1985
- Data as of
- 12/2023
- EIN
- 13-6844298
Organization Overview
Childrens Specialized Hospital Foundation Inc is located in Mountainside, NJ. The organization was established in 1985. 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 Specialized Hospital Foundation Inc 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, Childrens Specialized Hospital Foundation Inc generated $14.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $13.3m during the year ending 12/2023. While expenses have increased by 3.9% 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
FUNDRAISING
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S SPECIALIZED HOSPITAL FOUNDATION IS A TAX EXEMPT ORGANIZATION OPERATED TO RAISE FUNDS FOR CHILDREN'S SPECIALIZED HOSPITAL (CSH) AND ORGANIZATIONS WITH SIMILAR PURPOSES. CSH IS A NON-PROFIT, PEDIATRIC REHABILIATION HOSPITAL AND PEDIATRIC LONG TERM CARE FACILITY. UPON OBTAINING FUNDS, THE FOUNDATION INVESTS THESE ASSETS AND THE INTEREST AND PRINCIPAL ARE USED FOR EDUCATIONAL, SCIENTIFIC AND CHARITABLE PURPOSES CARRIED OUT BY ORGANIZATIONS INCLUDING CSH AND THOSE WITH SIMILAR MISSIONS. THE FOUNDATION HOLDS VARIOUS EVENTS THROUGHOUT THE YEAR THAT BENEFIT SPECIFIC ACTIVITIES OR NEED AS SPECIFIED BY FOUNDATION MANAGEMENT.
THROUGH A RESOLUTION APPROVED BY THE FOUNDATION BOARD OF TRUSTEES ON DECEMBER 8, 2020 AND EFFECTIVE JANUARY 1, 2021, THE BOARD OF TRUSTEES OF CHILDREN'S SPECIALIZED HOSPITAL FOUNDATION RESOLVED TO UTILIZE INVESTMENTS TO FUND ANNUAL FOUNDATION OPERATIONAL EXPENSES ALLOWING 100% OF EVERY DONATION TO CHILDREN'S SPECIALIZED HOSPITAL FOUNDATION TO SUPPORT THE VITAL PROGRAMS AND SERVICES THAT ARE TRANSFORMING THE LIVES OF CHILDREN WITH SPECIAL HEALTHCARE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Mindak Board Member | Trustee | 1 | $0 |
Jeff Minick Board Member | Trustee | 1 | $0 |
Colin O'reilly Board Member | Trustee | 1 | $0 |
Bill Arnold Board Member | Trustee | 1 | $0 |
Leslie Taylor Chair | OfficerTrustee | 1 | $0 |
Michael Lewis PHD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,595 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,895,013 |
| Noncash contributions included in lines 1a–1f | $206,234 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,942,608 |
| Total Program Service Revenue | $0 |
| Investment income | $1,315,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,265,742 |
| Net Income from Fundraising Events | $905,465 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,519,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,281,097 |
| 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. | $241,495 |
| Compensation of current officers, directors, key employees. | $42,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,677,640 |
| Pension plan accruals and contributions | $26,257 |
| Other employee benefits | $199,714 |
| Payroll taxes | $145,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,500 |
| Fees for services: Accounting | $67,368 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $503,484 |
| Advertising and promotion | $221,702 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,980 |
| Travel | $40,324 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,781 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $43,750 |
| All other expenses | $97,055 |
| Total functional expenses | $13,276,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,506,664 |
| Savings and temporary cash investments | $4,911,132 |
| Pledges and grants receivable | $2,549,227 |
| 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 | $417,581 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $87,878,260 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $348,475 |
| Total assets | $101,611,339 |
| Accounts payable and accrued expenses | $2,673,402 |
| 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 | $30,130,847 |
| Total liabilities | $32,804,249 |
| Net assets without donor restrictions | $51,172,644 |
| Net assets with donor restrictions | $17,634,446 |
| 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 | $101,611,339 |