Childrens Hospital Of Michigan Foundation
- Assets
- $153.0m
- Revenue
- $18.8m
- Investments
- $56.2m
- Employees
- 33
- Location
- Detroit, MI
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 32-0087353
Organization Overview
Childrens Hospital Of Michigan Foundation, operating under the name The Children's Foundation, is located in Detroit, MI. The organization was established in 2003. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Children's Foundation employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children's 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 12/2021, Children's Foundation generated $18.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $15.4m during the year ending 12/2021. While expenses have increased by 6.3% 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.
Since 2014, Children's Foundation has awarded 347 individual grants totaling $46,572,631. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PEDIATRIC RESEARCH, EDUCATION, COMMUNITY BENEFIT PROGRAMS, AND OTHER (SEE SCH O) INITIATIVES TO IMPROVE THE HEALTH OF CHILDREN IN MICHIGAN.
Describe the Organization's Program Activity:
TO SUPPORT RESEARCH PROGRAMS TO IMPROVE THE HEALTH OF CHILDREN IN MICHIGAN. 2021 AWARDS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: FUNDING FOR THE CHILDREN'S RESEARCH CENTER OF MICHIGANFUNDING STUDIES ON THE TREATMENT OF PEDIATRIC CANCERSFUNDING FOR A STUDY INVESTIGATING THE EFFECTS OF CBD ON ANXIETY AND BEHAVIORAL PROBLEMS IN CHILDREN WITH EPILEPSYFUNDING FOR A STUDY INVESTIGATING THE EPIDEMIOLOGY OF PEDIATRIC INJURIES DURING A PANDEMICFUNDING FOR A STUDY TO FIND THE MOST EFFECTIVE THERAPIES FOR MULTISYSTEM INFLAMMATORY SYNDROME IN CHILDREN (MIS-C) WHO HAVE HAD COVID-19FUNDING FOR A BRAIN MAPPING STUDY ON THE USE OF RNS THERAPY WHEN SURGERY CANNOT BE USED TO HELP PEDIATRIC EPILEPSY PATIENTS
TO SUPPORT EDUCATION PROGRAMS TO IMPROVE THE HEALTH OF CHILDREN IN MICHIGAN. 2021 AWARDS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: FUNDING TO PROMOTE EXCELLENCE IN NURSING BY PROVIDING ACCESS TO INFORMATION AND NETWORKING OPPORTUNITIESEDUCATIONAL FUNDING FOR PEDIATRIC FELLOWS, DENTISTRY FELLOWS, THORACIC AND CARDIOVASCULAR SURGERY TEAM, AND TRAUMA AND BURN TEAMSFUNDING TO SUPPORT TWO CHILD LIFE FELLOWSHIPS AT CHILDREN'S HOSPITAL OF MICHIGAN AND KARMANOS CANCER INSTITUTEFUNDING FOR CONFERENCES FOR VARIOUS POSITIONSFUNDING FOR LECTURES ON HEMATOLOGY-ONCOLOGY, SURGERY, IMAGING, AND NEONATOLOGY
TO SUPPORT COMMUNITY BENEFIT PROGRAMS TO IMPROVE THE HEALTH OF CHILDREN IN MICHIGAN. 2021 AWARDS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: FUNDING TO TEACH CHILDREN'S HOSPITAL OF MICHIGAN ("CHM") PATIENTS AND FAMILIES ABOUT SAFETY TO REDUCE THE NUMBER OF UNINTENTIONAL INJURIES TO CHILDREN FUNDING TO ASSIST FAMILIES WHO ARE EXPERIENCING FINANCIAL HARDSHIP RELATED TO MEDICAL CARE AND SPECIAL NEEDS OF THEIR CHILDRENFUNDING FOR PSYCHOSOCIAL AND SUPPORTIVE SERVICES FOR CHILDREN AND FAMILIES FACING CHRONIC AND ACUTE LIFE-THREATENING ILLNESSESFUNDING TO SUPPORT MENTAL AND BEHAVIORAL HEALTH PROGRAMS FOR CHILDREN AND TEENS, INCLUDING THOSE PROVIDING SUICIDE PREVENTION, GRIEF SUPPORT, AND TRAUMA THERAPY, AS WELL AS THERAPEUTIC SERVICES TO YOUTH WITH DEVELOPMENTAL DISABILITIES FUNDING TO SUPPORT HEALTHY LIVING PROGRAMS AIMED AT YOUTH AND THEIR FAMILIES, INCLUDING OBESITY INTERVENTION AND NUTRITIONAL EDUCATION, AS WELL AS THOSE ADDRESSING FOOD INSECURITY FOR AT-RISK CHILDREN AND FAMILIESFUNDING FOR PROGRAMS AIMED AT THE PREVENTION OF PHYSICAL AND SEXUAL ABUSE OF CHILDREN AND TEENS, AS WELL AS TREATMENT SERVICES AT CHILD ADVOCACY CENTERS AND MENTORSHIP PROGRAMS FOR YOUTH IN FOSTER CAREFUNDING TO SUPPORT COMMUNITY PROGRAMS PROVIDING MENTORSHIP, TEACHING LIFE SKILLS, AND FOSTERING ACADEMIC SUCCESS FOR YOUTH IN UNDERSERVED COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Burns President And CEO | Officer | 40 | $359,823 |
Doug Ferrick Chief Development Officer | Officer | 40 | $207,743 |
David Lochner Chief Financial Officer | Officer | 40 | $181,813 |
Jodi L Wong Vice President Of Operations | Officer | 40 | $145,689 |
Jill Nelson Director Of Marketing And Communications | 40 | $123,208 | |
Therese Quattriciocchi-Longe Director, Corporate & Foundation Relations | 40 | $114,884 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark Hill Legal | 12/30/21 | $255,860 |
Crain Communications Inc Marketing | 12/30/21 | $243,542 |
Rdm Associates Accounting | 12/30/21 | $203,306 |
Concord Direct Fundraising | 12/30/21 | $184,013 |
Douglas Marketing Group Llc Marketing | 12/30/21 | $146,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $941,918 |
| Related organizations | $164,942 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,156,522 |
| Noncash contributions included in lines 1a–1f | $210,040 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,263,382 |
| Total Program Service Revenue | $0 |
| Investment income | $2,308,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,641,682 |
| Net Income from Fundraising Events | -$2,810 |
| Net Income from Gaming Activities | $2,650 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,796,884 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,750,151 |
| Grants and other assistance to domestic individuals. | $40,081 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,035,408 |
| Compensation of current officers, directors, key employees. | $466,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,389,248 |
| Pension plan accruals and contributions | $81,120 |
| Other employee benefits | $272,837 |
| Payroll taxes | $45,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $257,551 |
| Fees for services: Accounting | $247,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $328,055 |
| Fees for services: Other | $629,959 |
| Advertising and promotion | $62,763 |
| Office expenses | $743,313 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $152,807 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,608 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,277 |
| Insurance | $46,301 |
| All other expenses | $11,655 |
| Total functional expenses | $15,445,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,262,425 |
| Pledges and grants receivable | $1,034,010 |
| Accounts receivable, net | $143,355 |
| 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 | $94,575 |
| Net Land, buildings, and equipment | $92,629 |
| Investments—publicly traded securities | $91,557,442 |
| Investments—other securities | $56,208,869 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $641,957 |
| Total assets | $153,035,262 |
| Accounts payable and accrued expenses | $630,221 |
| Grants payable | $1,669,409 |
| 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 | $15,000 |
| Total liabilities | $2,314,630 |
| Net assets without donor restrictions | $35,163,051 |
| Net assets with donor restrictions | $115,557,581 |
| 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 | $153,035,262 |
Grants Awarded
Over the last fiscal year, Childrens Hospital Of Michigan Foundation has awarded $7,480,328 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
VHS CHILDREN'S HOSPITAL OF MICHIGAN INC PURPOSE: TO SUPPORT PEDIATRIC MEDICAL EDUCATION, RESEARCH, AND OTHER COMMUNITY BENEFIT PROGRAMS | $1,225,550 |
Detroit, MI PURPOSE: TO SUPPORT PEDIATRIC MEDICAL EDUCATION AND RESEARCH | $1,166,887 |
Detroit, MI PURPOSE: TO SUPPORT THE RESEARCH ACTIVITIES OF THE CHM PEDIATRIC SURGICAL SERVICES DIVISION | $905,304 |
Mount Pleasant, MI PURPOSE: CLONAL T-LGL PROLIFERATIONS IN IMMUNE DYSREGULATION CONDITIONS & ENDOWED CHAIR POSITIONS | $386,405 |
Ann Arbor, MI PURPOSE: STUDY OF TUMOR DNA AND RNA TO IDENTIFY NEW DRUG TARGETS, TUMOR IMMUNE COMPOSITION TO PREDICT RESPONSES TO IMMUNOTHERAPY, AND NORMAL DNA TO IDENTIFY FAMILIAL CANCER SYNDROMES AND GENETIC CHANGES RESPONSIBLE FOR ALTERED CHEMOTHERAPY METABOLISM TO IMPROVE OUTCOMES. CONTINUED IMPLEMENTATION OF THE TRAILS PROGRAM IN DPSCD. PALLIATIVE CARE MUSIC THERAPY AT CS MOTT CHILDREN'S HOSPITAL. | $368,771 |
HAMTRAMCK PUBLIC SCHOOLS PURPOSE: TO SUPPORT A VISION SCREENING AND EYEGLASSES PROGRAM AT THE HAMTRAMCK SCHOOL BASED HEALTH CENTER. | $233,840 |
Grants Recieved
Over the last fiscal year, we have identified 41 grants that Childrens Hospital Of Michigan Foundation has recieved totaling $1,689,662.
| Awarding Organization | Amount |
|---|---|
Caring Athletes Team For Childrens And Henry Ford Hospitals Detroit, MI PURPOSE: GRANTS FOR SOCIAL WORK/SERVICE DEPARTMENT AT CHILDREN'S HOSPITAL OF MICHIGAN IN DETROIT TO FUND ITEMS AND SERVICES THAT HELP IMPROVE THE QUALITY OF LIFE FOR PEDIATRIC PATIENTS WHOSE NEEDS WOULD OTHERWISE GO UNFUNDED | $282,500 |
Capital Region Community Foundation Lansing, MI PURPOSE: AGENCY FUNDS | $172,814 |
Rocket Giving Fund Detroit, MI PURPOSE: TO SUPPORT THE ORGANIZATIONS MISSION AND THE DETROIT COMMUNITY | $162,500 |
Edward C And Linda Dresner Levy Foundation Reston, VA PURPOSE: GENERAL SUPPORT | $143,000 |
United Jewish Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT MEDICAL CARE FOR CHILDREN | $114,250 |
Capital Region Community Foundation Lansing, MI PURPOSE: AGENCY FUNDS | $112,869 |
Endowment Analysis
| Beg. Balance | $92,515,307 |
| Earnings | $11,410,010 |
| Admin Expense | $881,541 |
| Net Contributions | $1,205,516 |
| Grants | $1,986,507 |
| Ending Balance | $102,262,785 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |
Indiana University Health Foundation Inc Indianapolis, IN | $328,480,588 | $51,478,300 |
Promedica Foundation Toledo, OH | $412,976,640 | $33,946,131 |
Michiana Area Electrical Workers Health & Welfare Fund Lansing, MI | $25,252,279 | $21,753,324 |
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |