Ronald Mcdonald House Charities Of Kentuckiana Inc
- Assets
- $28.0m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 32
- Location
- Louisville, KY
- Founding
- 03/1983
- Data as of
- 12/2023
- EIN
- 31-1053467
Organization Overview
Ronald Mcdonald House Charities Of Kentuckiana Inc is located in Louisville, KY. The organization was established in 1983. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Ronald Mcdonald House Charities Of Kentuckiana Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronald Mcdonald House Charities Of Kentuckiana 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 12/2023, Ronald Mcdonald House Charities Of Kentuckiana Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 10.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE HOUSE AND SUPPORT FAMILIES SO THEY CAN STAY TOGETHER AND FOCUS ON THEIR SICK CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RONALD MCDONALD HOUSE:IN 2023, RONALD MCDONALD HOUSE PROVIDED A HOME-AWAY-FROM-HOME FOR 1116 FAMILIES AND 4,481 FAMILY MEMBERS OF SERIOUSLY ILL CHILDREN. IN ADDITION TO PROVIDING A GUESTROOM FOR REST AND SLEEP, WE PROVIDE MEALS AND SNACKS, LAUNDRY FACILITIES, ACTIVITIES AND MANY OTHER AMENITIES TO MAKE THEIR STAY COMFORTABLE. THE AVERAGE STAY AT RONALD MCDONALD HOUSE WAS 7 DAYS.RONALD MCDONALD HOUSE HAS EXPANDED TO 56 GUESTROOMS AND DURING 2023, FAMILIES STAYED A TOTAL OF 14,825 NIGHTS FOR AN OVERALL OCCUPANCY RATE OF 73.48%.
RONALD MCDONALD FAMILY ROOMS:RONALD MCDONALD HOUSE FAMILY ROOMS ARE INTENDED TO PROVIDE RESPITE SERVICES TO FAMILIES INSIDE LOCAL HOSPITALS. DURING 2023, THE ORGANIZATION OPERATED THREE RONALD MCDONALD FAMILY ROOMS LOCATED AT NORTON CHILDREN'S HOSPITAL, FRAZIER REHAB INSTITUTE AND NORTON WOMEN'S AND CHILDREN'S HOSPITAL. NORTON WOMEN'S AND CHILDREN'S HOSPITAL HOSTED 153 FAMILIES AND WERE PROVIDED WITH 781 NIGHTS FOR AN OVERALL OCCUPANCY RATE OF 53.5% FOR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bischoff President | OfficerTrustee | 2 | $0 |
Dr Sal Bertolone Vice President | OfficerTrustee | 2 | $0 |
Sam Castle Vice President | OfficerTrustee | 2 | $0 |
Art Davenport Board Member | OfficerTrustee | 2 | $0 |
Todd Hamilton Board Member | OfficerTrustee | 2 | $0 |
Matt Multerer Secretary | OfficerTrustee | 2 | $0 |
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 | $2,096,469 |
| Noncash contributions included in lines 1a–1f | $131,034 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,096,469 |
| Total Program Service Revenue | $383,670 |
| Investment income | $1,629,121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $497,983 |
| Net Income from Gaming Activities | $348,758 |
| Net Income from Sales of Inventory | $1,226 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,957,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $446,452 |
| Compensation of current officers, directors, key employees. | $66,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $866,982 |
| Pension plan accruals and contributions | $24,037 |
| Other employee benefits | $157,321 |
| Payroll taxes | $99,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,652 |
| Advertising and promotion | $112,181 |
| Office expenses | $261,000 |
| Information technology | $23,965 |
| Royalties | $0 |
| Occupancy | $1,170,902 |
| Travel | $11,171 |
| 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 | $85,431 |
| Insurance | $53,261 |
| All other expenses | $15,722 |
| Total functional expenses | $3,988,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $892,403 |
| Savings and temporary cash investments | $423,703 |
| Pledges and grants receivable | $1,205,063 |
| Accounts receivable, net | $97,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,643 |
| Prepaid expenses and deferred charges | $96,643 |
| Net Land, buildings, and equipment | $1,070,034 |
| Investments—publicly traded securities | $7,699,448 |
| Investments—other securities | $0 |
| Investments—program-related | $77,065 |
| Intangible assets | $0 |
| Other assets | $16,443,656 |
| Total assets | $28,018,467 |
| Accounts payable and accrued expenses | $236,524 |
| Grants payable | $0 |
| Deferred revenue | $724,393 |
| 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 | $960,917 |
| Net assets without donor restrictions | $26,452,550 |
| Net assets with donor restrictions | $605,000 |
| 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 | $28,018,467 |
Grants Awarded
Over the last fiscal year, Ronald Mcdonald House Charities Of Kentuckiana Inc has awarded $17,138 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL FOUNDATION PURPOSE: Two photo therapy lights for NICU | $2,400 |
SOUTH EAST ASSOCIATED MINISTRIES INC PURPOSE: Emergency food for family assistance program | $5,000 |
HOPE SOUTHERN INDIANA PURPOSE: Clothing vouchers for 25 children | $1,875 |
VISUALLY IMPAIRED PRESCHOOL SERVICES PURPOSE: Adapted mice, AED, teacher computers, mobile projector | $1,970 |
KIDS CENTER FOR PEDIATRIC THERAPIES PURPOSE: Construction and equipment for Life skills learning lab | $5,893 |