Childrens Healthcare Charity Inc
- Assets
- $5.3m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 02/2007
- Data as of
- 05/2023
- EIN
- 20-4394654
Organization Overview
Childrens Healthcare Charity Inc is located in Palm Beach Gardens, FL. The organization was established in 2007. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Healthcare Charity 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 05/2023, Childrens Healthcare Charity Inc generated $9.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $9.4m during the year ending 05/2023. While expenses have increased by 8.7% per year over the past 8 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 2016, Childrens Healthcare Charity Inc has awarded 999 individual grants totaling $41,390,748. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CHARITABLE SUPPORT FOR ACTIVITIES THAT ENHANCE CHILDREN'S HEALTH, GROWTH, AND WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFITS FROM RUNNING THE PGA TOUR'S HONDA CLASSIC GOLF TOURNAMENT ARE DONATED TO VARIOUS 501(C)(3) CHARITABLE ORGANIZATIONS IN THE COMMUNITY.
BIRDIES FOR CHILDREN ALLOW LOCAL CHARITIES TO TEAM UP WITH THE HONDA CLASSIC. THE LOCAL CHARITIES ACCEPT DONATIONS FROM THEIR DONOR BASE, WHILE THE LOCAL CHARITY RECEIVES 100% OF THE PROCEEDS PLUS A 5% MATCHING DONATION COURTESY OF THE HONDA CLASSIC. THE ORGANIZATION WORKED WITH 88 PARTICIPATING CHARITIES, WHICH SOLICITED PLEDGES ALLOWING DONORS TO GUESS THE NUMBER OF BIRDIES AT THE 2023 HONDA CLASSIC GOLF TOURNAMENT.
THE JUNIOR CLASSIC IS A PREMIER COMPETITIVE AND DEVELOPMENTAL GOLF EXPERIENCE WHICH PERPETUATES THE GROWTH OF THE GAME INITIATIVES. YOUNG PEOPLE OF ALL AGES AND SKILL LEVELS COMPETE AGAINST GOLFERS FROM OVER 22 STATES AND 17 FOREIGN COUNTRIES. OVER 204 YOUNG PEOPLE FROM 6 TO 18 YEARS OF AGE COMPETED IN THE 2023 JUNIOR HONDA CLASSIC. THE EVENT PROVIDES A UNIQUE EXPERIENCE FOR YOUNG PEOPLE AS IT IS MODELED AFTER THE PGA TOUR EVENT AND CATERS TO BEGINNERS AND COMPETITIVE JUNIORS ALIKE. NET REVENUES FROM THE EVENT ARE DONATED TO LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph R Russo President | OfficerTrustee | 2 | $0 |
Michele Jacobs Vice President | OfficerTrustee | 2 | $0 |
Michael Mitrione Treasurer | OfficerTrustee | 2 | $0 |
Stephen Vogelsang Secretary | OfficerTrustee | 2 | $0 |
Barbara Nicklaus Co-Chairperson | OfficerTrustee | 2 | $0 |
Gary Nicklaus Co-Chairperson | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pga Tour Inc Player Purses | 5/30/23 | $3,219,924 |
Inproduction Company Inc Equipment Rental | 5/30/23 | $2,899,469 |
Img Worldwide Llc Management Services | 5/30/23 | $2,173,326 |
Spectrumfacility Concession Services I Food And Beverages | 5/30/23 | $975,120 |
Pga National Bsrepiii Pbg Resort Llc Facilities & Catering | 5/30/23 | $869,422 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,724,324 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,061,059 |
| Noncash contributions included in lines 1a–1f | $240,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,785,383 |
| Total Program Service Revenue | $0 |
| Investment income | $48,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,341 |
| Net Income from Fundraising Events | -$487,911 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,376,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,214,068 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,981,503 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $87,317 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,065 |
| 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 | $13,692 |
| All other expenses | $1,863 |
| Total functional expenses | $9,397,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,952 |
| Savings and temporary cash investments | $4,115,569 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $871,955 |
| 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 | $20,855 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $195,022 |
| Total assets | $5,340,353 |
| Accounts payable and accrued expenses | $1,024,848 |
| Grants payable | $20,000 |
| Deferred revenue | $1,400 |
| 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 | $204,156 |
| Total liabilities | $1,250,404 |
| Net assets without donor restrictions | $4,089,949 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,340,353 |
Grants Awarded
Over the last fiscal year, Childrens Healthcare Charity Inc has awarded $5,320,454 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT-A-FAMILY OF THE PALM BEACHES INC PURPOSE: GENERAL SUPPORT | $10,000 |
ARC OF PALM BEACH COUNTY INC PURPOSE: GENERAL SUPPORT | $130,500 |
ACHIEVEMENT CENTERS FOR CHILDREN & FAMILIES PURPOSE: GENERAL SUPPORT | $10,000 |
BANNER LAKES CLUB INC PURPOSE: GENERAL SUPPORT | $513,145 |
BUSCH WILDLIFE SANCTUARY INC PURPOSE: GENERAL SUPPORT | $10,000 |
BELLA'S ANGELS PURPOSE: GENERAL SUPPORT | $10,000 |