Childrens Hospital Of Michigan Foundation
- Assets
- $120.5m
- Revenue
- $11.5m
- Investments
- $44.9m
- Employees
- 34
- Location
- Detroit, MI
- Founding
- 09/2003
- Data as of
- 12/2022
- 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 12/2022, Children's Foundation employed 34 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 12/2022, Children's Foundation generated $11.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $16.5m during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 8 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 421 individual grants totaling $52,874,392. 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
2022
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. 2022 AWARDS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: FUNDING FOR THE CHILDREN'S RESEARCH CENTER OF MICHIGAN FUNDING FOR WAYNE STATE UNIVERSITY ("WSU") ENDOWED CHAIR AND PROFESSORSHIPS FUNDING STUDIES ON THE TREATMENT OF PEDIATRIC CANCERS FUNDING STUDIES ON SICKLE CELL DISEASE FUNDING FOR A STUDY ON CONGENITAL HEART DISEASE UTILIZING 3D MODELING FUNDING FOR A STUDY ON THE USE OF SALIVARY MRNA TO PREDICT CONCUSSION OUTCOMES FUNDING FOR A STUDY ON IMMUNOSUPPRESSION FROM SYSTEMIC STEROID BURSTS IN ASTHMA FUNDING TO ESTABLISH A DATABASE FOR TRACKING CHILDREN WITH MULTISYSTEM INFLAMMATORY SYNDROME DUE TO COVID-19 (MIS-C)
TO SUPPORT EDUCATION PROGRAMS TO IMPROVE THE HEALTH OF CHILDREN IN MICHIGAN. 2022 AWARDS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: FUNDING FOR WAYNE STATE UNIVERSITY ("WSU") ENDOWED CHAIR AND PROFESSORSHIPS FUNDING TO PROMOTE EXCELLENCE IN NURSING BY PROVIDING ACCESS TO INFORMATION AND NETWORKING OPPORTUNITIES EDUCATIONAL FUNDING FOR PEDIATRIC FELLOWS, DENTISTRY FELLOWS, THORACIC AND CARDIOVASCULAR SURGERY TEAM, AND TRAUMA AND BURN TEAMS FUNDING TO SUPPORT TWO CHILD LIFE FELLOWSHIPS AT CHILDREN'S HOSPITAL OF MICHIGAN AND KARMANOS CANCER INSTITUTE FUNDING FOR CONFERENCES FOR VARIOUS POSITIONS FUNDING FOR LECTURES ON HEMATOLOGY-ONCOLOGY, SURGERY, IMAGING, AND NEONATOLOGY
TO SUPPORT COMMUNITY BENEFIT PROGRAMS TO IMPROVE THE HEALTH OF CHILDREN IN MICHIGAN. 2022 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 CHILDREN FUNDING FOR PSYCHOSOCIAL AND SUPPORTIVE SERVICES FOR CHILDREN AND FAMILIES FACING CHRONIC AND ACUTE LIFE-THREATENING ILLNESSES FUNDING TO SUPPORT MENTAL AND BEHAVIORAL HEALTH PROGRAMS FOR CHILDREN AND TEENS, INCLUDING THOSE PROVIDING SUICIDE PREVENTION, GRIEF SUPPORT, AND TRAUMA THERAPY, AMONG OTHERS 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 FAMILIES FUNDING 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 CARE FUNDING TO PROVIDE EYE SCREENINGS AND GLASSES TO STUDENTS IN NEED FUNDING TO SUPPORT VARIOUS ORGANIZATIONS PROVIDING ABA AND OTHER THERAPEUTIC SERVICES TO YOUTH WITH DEVELOPMENTAL DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luanne Ewald Chairperson | OfficerTrustee | 1 | $0 |
Cynthia Ford Vice Chair | OfficerTrustee | 1 | $0 |
Fred Minturn Vice Chair | OfficerTrustee | 1 | $0 |
Rita Margherio Secretary | OfficerTrustee | 1 | $0 |
Andy Zaleski Treasurer | OfficerTrustee | 1 | $0 |
Mary Lu Angelilli Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Douglas Marketing Group Llc Marketing | 12/30/22 | $241,993 |
Clark Hill Legal | 12/30/22 | $428,592 |
Rdm Associates Accounting | 12/30/22 | $240,905 |
Crain Communications Inc Marketing | 12/30/22 | $214,200 |
Audacy Operations Advertising | 12/30/22 | $227,455 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,512,189 |
| Related organizations | $307,404 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,297,402 |
| Noncash contributions included in lines 1a–1f | $164,029 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,116,995 |
| Total Program Service Revenue | $0 |
| Investment income | $3,322,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,356,183 |
| Net Income from Fundraising Events | -$250,613 |
| Net Income from Gaming Activities | $1,329 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,546,203 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,360,616 |
| Grants and other assistance to domestic individuals. | $168,136 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,110,857 |
| Compensation of current officers, directors, key employees. | $504,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,828,727 |
| Pension plan accruals and contributions | $94,498 |
| Other employee benefits | $353,476 |
| Payroll taxes | $213,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $427,134 |
| Fees for services: Accounting | $265,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,225 |
| Fees for services: Investment Management | $396,113 |
| Fees for services: Other | $547,222 |
| Advertising and promotion | $70,266 |
| Office expenses | $779,982 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $164,832 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,090 |
| Interest | $20,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,045 |
| Insurance | $51,542 |
| All other expenses | $6,192 |
| Total functional expenses | $16,544,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,126,034 |
| Pledges and grants receivable | $960,139 |
| Accounts receivable, net | $156,711 |
| 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 | $138,163 |
| Net Land, buildings, and equipment | $154,805 |
| Investments—publicly traded securities | $67,465,079 |
| Investments—other securities | $44,859,161 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,674,106 |
| Total assets | $120,534,198 |
| Accounts payable and accrued expenses | $858,043 |
| Grants payable | $127,000 |
| 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 | $1,133,620 |
| Total liabilities | $2,118,663 |
| Net assets without donor restrictions | $21,133,683 |
| Net assets with donor restrictions | $97,281,852 |
| 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 | $120,534,198 |
Grants Awarded
Over the last fiscal year, Childrens Hospital Of Michigan Foundation has awarded $6,301,761 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY PEDIATRICIANS PURPOSE: TO SUPPORT PEDIATRIC MEDICAL EDUCATION AND RESEARCH | $1,390,519 |
VHS CHILDREN'S HOSPITAL OF MICHIGAN INC PURPOSE: TO SUPPORT PEDIATRIC MEDICAL EDUCATION, RESEARCH, AND OTHER COMMUNITY BENEFIT PROGRAMS | $1,290,238 |
WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE PURPOSE: TO SUPPORT THE RESEARCH ACTIVITIES OF THE CHM PEDIATRIC SURGICAL SERVICES DIVISION | $363,258 |
HAMTRAMCK PUBLIC SCHOOLS PURPOSE: PROVIDE HEALTH CARE SERVICES TO THE UNDERSERVED CHILDREN OF HAMTRAMCK. | $298,260 |
CENTRAL MICHIGAN UNIVERSITY PURPOSE: HPV VACCINATION STUDY & MICROBIOME STUDY | $267,544 |
THE CHILDREN'S CENTER OF WAYNE COUNTY INC PURPOSE: TO PROVIDE BEDS, CAR SEATS AND OTHER BASIC NEEDS TO CHILDREN AND FAMILIES IN NEED. | $130,102 |