Christ Hospital Foundation
- Assets
- $75.4m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 03/2010
- Data as of
- 06/2022
- EIN
- 26-4165492
Organization Overview
Christ Hospital Foundation is located in Cincinnati, OH. The organization was established in 2010. 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. Christ Hospital 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 06/2022, Christ Hospital Foundation generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 5.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CHRIST HOSPITAL FOUNDATION IS TO SUPPORT THE CHRIST HOSPITAL IN ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE CHRIST HOSPITAL FOUNDATION ('TCH FDN') IS TO CONDUCT AND SUPPORT ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF TCH. THE MISSION OF TCH IS TO IMPROVE THE HEALTH OF OUR COMMUNITY AND CREATE PATIENT VALUE BY PROVIDING EXCEPTIONAL OUTCOMES AND THE FINEST EXPERIENCES, ALL IN AN AFFORDABLE WAY. TCH FDN WAS CREATED TO CONTINUE AND FOSTER THE PHILANTHROPIC LEGACY OF TCH. TCH FDN SUPPORTS THE HEALTH CARE PROGRAMS, MEDICAL EDUCATION, COMMUNITY PROGRAMS AND CAPITAL PROJECTS OF TCH, ITS OUTPATIENT AND PHYSICIAN LOCATIONS AND THE CHRIST COLLEGE OF NURSING AND HEALTH SCIENCES. TCH FDN'S GOAL IS TO MAKE A LASTING IMPACT ON HEALTHCARE IN THE GREATER CINCINNATI REGION THROUGH CONTRIBUTIONS FROM INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS TO TCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice-President | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 40 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $771,806 |
| Related organizations | $0 |
| Government grants | $1,260,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,964,177 |
| Noncash contributions included in lines 1a–1f | $141,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,995,983 |
| Total Program Service Revenue | $0 |
| Investment income | -$32,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$772,119 |
| Net Income from Fundraising Events | -$400,705 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,790,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,361,482 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $432,710 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,998,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,863,588 |
| Pledges and grants receivable | $10,039,507 |
| Accounts receivable, net | $20,536,647 |
| 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 | $0 |
| Investments—publicly traded securities | $42,985,282 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,425,024 |
| Accounts payable and accrued expenses | $5,871 |
| 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 | $0 |
| Total liabilities | $5,871 |
| Net assets without donor restrictions | $34,648,910 |
| Net assets with donor restrictions | $40,770,243 |
| 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 | $75,425,024 |
Grants Awarded
Over the last fiscal year, Christ Hospital Foundation has awarded $2,361,482 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHRIST COLLEGE OF NURSING & HEALTH SCIENCES PURPOSE: NURSING ASSISTANCE | $1,779,631 |
THE CHRIST HOSPITAL PURPOSE: EMPLOYEE HARDSHIP | $240,937 |
THE CHRIST HOSPITAL PURPOSE: HOSPITAL ASSISTANCE | $340,914 |