Connecticut Childrens Foundation Inc
- Assets
- $232.5m
- Revenue
- $29.4m
- Investments
- $0.0
- Employees
- 30
- Location
- Hartford, CT
- Founding
- 11/1986
- Data as of
- 09/2023
- EIN
- 22-2619869
Organization Overview
Connecticut Childrens Foundation Inc is located in Hartford, CT. 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. As of 09/2023, Connecticut Childrens Foundation Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Childrens 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 09/2023, Connecticut Childrens Foundation Inc generated $29.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $6.8m during the year ending 09/2023. 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
TO SUPPORT CONNECTICUT CHILDREN'S MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING THE MISSION OF CONNECTICUT CHILDREN'S MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL CHILDREN IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Shmerlingdhafache Director - President/ceo Ccmc | OfficerTrustee | 55 | $0 |
Bridgett Feagin MBA Treasurer - Evp/cfo | Officer | 55 | $0 |
David Kinahan Dir-Pres. Cc Fdn(term 4/30/23) | OfficerTrustee | 55 | $470,726 |
Alison K Auciello Svp, Philanthropy | 55 | $243,862 | |
Mana Zarinejad VP Corporate & Fdn Relations | 55 | $192,856 | |
Dianna L Pategas VP Stewardship Donor Relations | 55 | $149,973 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Children's Miracle Network Fundraising | 9/29/23 | $309,656 |
Salesforce Inc Software | 9/29/23 | $115,125 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,603,342 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,248,254 |
| Noncash contributions included in lines 1a–1f | $445,304 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,851,596 |
| Total Program Service Revenue | $9,900 |
| Investment income | $3,202,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $296,666 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,360,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $954,043 |
| Grants and other assistance to domestic individuals. | $26,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $524,348 |
| Compensation of current officers, directors, key employees. | $50,977 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,402,706 |
| Pension plan accruals and contributions | $264,778 |
| Other employee benefits | $198,019 |
| Payroll taxes | $230,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,250 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $441,341 |
| Advertising and promotion | $626 |
| Office expenses | $62,859 |
| Information technology | $186,084 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,010 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $65,242 |
| Total functional expenses | $6,820,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,365,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,319,392 |
| 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 | $0 |
| Net Land, buildings, and equipment | $841,026 |
| Investments—publicly traded securities | $175,741,538 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $247,373 |
| Total assets | $232,514,528 |
| Accounts payable and accrued expenses | $582,212 |
| 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 | $10,443 |
| Total liabilities | $592,655 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $231,921,873 |
| 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 | $232,514,528 |