Convalescent Hospital Fund For Children
- Assets
- $204.2m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 06/1965
- Data as of
- 06/2021
- EIN
- 31-0536649
Organization Overview
Convalescent Hospital Fund For Children is located in Cincinnati, OH. The organization was established in 1965. 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. Convalescent Hospital Fund For Children 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, Convalescent Hospital Fund For Children generated $31.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $6.5m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Croall Secretary | OfficerTrustee | 1 | $0 |
Marie Huenefeld Vice-President | OfficerTrustee | 1 | $0 |
Phillip C Long President | OfficerTrustee | 1 | $0 |
Susan Shelton Chair | OfficerTrustee | 1 | $0 |
Michael L Bauer Treasurer | Officer | 2 | $0 |
Robert H Anning II Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cleararc Investment Mgmt | 6/29/17 | $227,306 |
Bahl Gaynor Investment Mgmt | 6/29/17 | $144,288 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,401 |
| Total Program Service Revenue | $0 |
| Investment income | $4,108,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,193,894 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,306,427 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,280,465 |
| 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 | $12,944 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $238,009 |
| 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 | $6,531,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $554,391 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $199,964,550 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,697,349 |
| Total assets | $204,216,290 |
| Accounts payable and accrued expenses | $0 |
| 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 | $95,782 |
| Total liabilities | $95,782 |
| Net assets without donor restrictions | $191,118,699 |
| Net assets with donor restrictions | $13,001,809 |
| 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 | $204,216,290 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Convalescent Hospital Fund For Children has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Anning Fam Charitable Foundation Tr Cincinnati, OH PURPOSE: GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $10,024,796 |
| Earnings | $2,977,013 |
| Ending Balance | $13,001,809 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Ohio Bricklayers Health And Welfare Fund Troy, MI | $39,451,516 | $19,388,993 |
Henry Ford Health System Foundation Detroit, MI | $411,181,841 | $16,717,457 |
Midmichigan Health Foundation Midland, MI | $38,469,192 | $3,599,995 |
Jhsi Inc Cincinnati, OH | $218,143,713 | $11,934,726 |
Akron Childrens Hospital Foundation Akron, OH | $226,447,307 | $32,651,405 |
Bethesda Inc Cincinnati, OH | $187,938,288 | $2,121,549 |
Childrens Hospital Of Michigan Foundation Detroit, MI | $153,035,262 | $18,796,884 |