Dayton Childrens Hospital Foundation
- Assets
- $163.6m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Dayton, OH
- Founding
- 05/1983
- Data as of
- 06/2021
- EIN
- 31-1045247
Organization Overview
Dayton Childrens Hospital Foundation is located in Dayton, OH. The organization was established in 1983. 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. Dayton Childrens 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 06/2021, Dayton Childrens Hospital Foundation generated $12.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $12.9m during the year ending 06/2021. 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
DAYTON CHILDREN'S HOSPITAL FOUNDATION (THE FOUNDATION) EXISTS SOLELY TO BENEFIT DAYTON CHILDREN'S HOSPITAL (DCH), AND TO ASSIST DCH IN PERFORMING ITS CHARITABLE MISSION.
Describe the Organization's Program Activity:
DAYTON CHILDREN'S HOSPITAL FOUNDATION (THE FOUNDATION) EXISTS SOLELY TO BENEFIT DAYTON CHILDREN'S HOSPITAL (DCH) AND SUBSIDIARIES, AND TO ASSIST DCH IN PERFORMING ITS CHARITABLE MISSION. THE FOUNDATION IS FUNDED FROM CONTRIBUTIONS, BEQUESTS AND DEFERRED AND PLANNED GIFTS FROM OUTSIDE DONORS. THE FOUNDATION ASSIST DCH IN FULFILLING ITS CHARITABLE PURPOSE IN THE FOLLOWING WAYS:1. THE FOUNDATION ACCUMULATES THE PROCEEDS OF BEQUESTS, CONTRIBUTIONS AND PLANNED GIFTS FOR DCH'S CURRENT AND FUTURE CAPITAL NEEDS. THE PROCEEDS ARE USED TO SUPPORT DCH'S YEAR TO YEAR CAPITAL EQUIPMENT NEEDS OR USED TO FUND ALL OR A PORTION OF CAPITAL CONSTRUCTION PROJECTS SUCH AS ADDITIONS OR RENOVATIONS TO DCH'S BUILDINGS AND GROUNDS. IN THE YEAR ENDED JUNE 30, 2021, THE FOUNDATION EXPENDED $2,287,576 FOR CAPITAL EQUIPMENT AND CAPITAL PROJECTS.2. THE FOUNDATION HAS ESTABLISHED ENDOWMENTS, THE INCOME FROM WHICH WILL BE USED EACH YEAR TO ASSIST DCH TO RECRUIT AND RETAIN THE TOP PEDIATRIC MEDICAL PROFESSIONALS. CURRENT ENDOWED CHAIRS ARE AS FOLLOWS: CHILD ABUSE, CRITICAL CARE, NEUROSURGERY, PULMONARY, DEVELOPMENT PEDIATRICS, PEDIATRIC NEUROLOGY, GENERAL PEDIATRIC SURGERY, PEDIATRIC CANCER AND BLOOD DISORDERS, ANESTHESIA, INFECTIOUS DISEASES, AND RECRUITMENT OF SUBSPECIALTY PHYSICIANS WHO WOULD OTHERWISE NOT BE AVAILABLE IN THE COMMUNITY. EXPENDITURES FOR THE ENDOWED MEDICINE CHAIRS IN THE YEAR ENDED JUNE 30, 2021 TOTALED $1,216,918.3. GRANTS ARE MADE TO DCH AS A WHOLE RATHER THAN TO SPECIFIC PHYSICIANS OR INDIVIDUALS. MAJORITY APPROVAL BY THE BOARD OF TRUSTEES DETERMINES WHETHER THE GRANT IS FUNDED BY THE FOUNDATION. THE FOUNDATION'S TREASURER'S APPROVAL IS REQUIRED PRIOR TO ALL DISBURSEMENTS OF FUNDS. IN THE YEAR ENDED JUNE 30, 2021, THE FOUNDATION GRANTED $3,823,500 TO DCH FOR COVID-19 RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Feldman System CEO | OfficerTrustee | 1 | $0 |
Chris Bergman System CFO | OfficerTrustee | 1 | $0 |
Nick Costides Chair | OfficerTrustee | 1 | $0 |
Darrick Weeks Vice Chair | OfficerTrustee | 1 | $0 |
Jeff Klank Treasurer | OfficerTrustee | 1 | $0 |
Sandra Pierce Treasurer (until 10/31/2020) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $489,651 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,366,765 |
| Noncash contributions included in lines 1a–1f | $62,096 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,856,416 |
| Total Program Service Revenue | $0 |
| Investment income | $1,191,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,043,634 |
| Net Income from Fundraising Events | -$39,342 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,052,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,098,652 |
| Grants and other assistance to domestic individuals. | $631,254 |
| 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 | $199,028 |
| 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 | $12,928,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,084,931 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,784,956 |
| 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 | $146,354,851 |
| Investments—other securities | $0 |
| Investments—program-related | $9,342,450 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $163,567,188 |
| 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 | $3,248,175 |
| Total liabilities | $3,248,175 |
| Net assets without donor restrictions | $154,773,141 |
| Net assets with donor restrictions | $5,545,872 |
| 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 | $163,567,188 |
Grants Awarded
Over the last fiscal year, Dayton Childrens Hospital Foundation has awarded $5,716,229 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dayton, OH PURPOSE: SUPPORT | $5,666,229 |
Beavercreek, OH PURPOSE: SUPPORT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Dayton Childrens Hospital Foundation has recieved totaling $240,946.
| Awarding Organization | Amount |
|---|---|
The Gala Of Hope Foundation Inc Beavercreek, OH PURPOSE: GENERAL | $82,401 |
Dayton Power & Light Company Foundation Dayton, OH PURPOSE: ON OUR SLEEVES MENTAL HEALTH PUBLIC AWARENESS CAMPAIGN | $75,000 |
Troy Foundation Troy, OH PURPOSE: HEALTH & HUMAN SERVICES; ACTIVITY THERAPY FOR DAY TREATMENT PROGRAM | $25,000 |
Springfield Foundation Springfield, OH PURPOSE: GENERAL SUPPORT | $22,763 |
Greene County Community Foundation Xenia, OH PURPOSE: GENERAL OPERATING SUPPORT -NON RELIGOUS | $9,832 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $8,700 |
Endowment Analysis
| Beg. Balance | $1,444,603 |
| Grants | $72,231 |
| Ending Balance | $1,372,372 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |
The Erm Group Health & Welfare Trust Malvern, PA | $0 | $29,217,705 |
Indiana Jefferson Radiation Oncology Inc Indiana, PA | $76,804 | $26,313,559 |
Indiana University Health Foundation Inc Indianapolis, IN | $328,480,588 | $51,478,300 |
Geisinger Health Danville, PA | $3,255,726,286 | $301,727,565 |
Promedica Foundation Toledo, OH | $412,976,640 | $33,946,131 |
Alyeska Pipeline Service Company Health And Welfare Benefits Trust Pittsburgh, PA | $2,121,654 | $18,868,152 |
Michiana Area Electrical Workers Health & Welfare Fund Lansing, MI | $25,252,279 | $21,753,324 |