Childrens Hospital
- Assets
- $4.3b
- Revenue
- $222.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 03/1942
- Data as of
- 06/2021
- EIN
- 31-0537130
Organization Overview
Childrens Hospital is located in Cincinnati, OH. The organization was established in 1942. 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 Hospital 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, Childrens Hospital generated $222.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $111.6m during the year ending 06/2021. While expenses have increased by 10.4% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT TREATMENT & RESEARCH OF DISEASES OR DISORDERS AFFECTING CHILDREN AT CHILDREN'S HOSPITAL MEDICAL CENTER.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Portman Vice President / Secretary | OfficerTrustee | 1 | $0 |
David Cassady Treasurer (effective 6/21) | OfficerTrustee | 1 | $0 |
Michael Hirschfeld Chairman / President | OfficerTrustee | 4 | $0 |
Jana Bazzoli Interim Treasurer (eff 9/20) | Officer | 1 | $0 |
Mark Mumford Treasurer (through 8/20) | Officer | 1 | $0 |
Tom Finn Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eagle Asset Management Investment Mgmt | 6/29/21 | $675,505 |
Pnc Bank Investment Mgmt | 6/29/21 | $947,025 |
Fifth Third Bank Investment Mgmt | 6/29/21 | $222,756 |
Bahl Gaynor Investment Mgmt | 6/29/21 | $2,144,745 |
Fort Washington Investment Advisors Investment Mgmt | 6/29/21 | $462,362 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,003,972 |
| Noncash contributions included in lines 1a–1f | $10,254 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,003,972 |
| Total Program Service Revenue | $0 |
| Investment income | $104,822,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107,752,449 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,578,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,831,066 |
| 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 | $4,459,390 |
| 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 | $54,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $111,618,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,536,686 |
| 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 | $4,325,835,759 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,918,624 |
| Total assets | $4,344,291,069 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $30,596 |
| 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 | $2,710,896 |
| Total liabilities | $2,741,492 |
| Net assets without donor restrictions | $2,011,695,221 |
| Net assets with donor restrictions | $2,329,854,356 |
| 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 | $4,344,291,069 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Childrens Hospital has recieved totaling $4,517.
| Awarding Organization | Amount |
|---|---|
Marion H Morrison Tr Pittsburgh, PA PURPOSE: FOR THE GENERAL USE OF THE | $4,517 |
Endowment Analysis
| Beg. Balance | $1,766,899,613 |
| Earnings | $599,999,010 |
| Admin Expense | $2,423,634 |
| Net Contributions | $9,949,129 |
| Other Expense | $44,569,762 |
| Ending Balance | $2,329,854,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caresource Dayton, OH | $699,160,352 | $995,681,840 |
The Childrens Hospital Of Philadelphia Foundation Philadelphia, PA | $3,896,316,455 | $328,703,777 |
University Physician Group Detroit, MI | $80,036,022 | $144,162,701 |
Childrens Hospital Cincinnati, OH | $4,344,291,069 | $222,578,660 |
Somc Medical Care Foundation Inc Portsmouth, OH | $14,653,193 | $44,708,757 |
Deaconess Health System Inc Evansville, IN | $144,110,992 | $33,405,417 |
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Dorothy Rider Pool Health Care Tr Uw L P Pool No 8 76431 Pittsburgh, PA | $33,435 | $17,533,563 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |