Rady Childrens Hospital Foundation- San Diego
- Assets
- $67.7m
- Revenue
- $99.0m
- Investments
- $0.0
- Employees
- 56
- Location
- San Diego, CA
- Founding
- 07/1986
- Data as of
- 06/2021
- EIN
- 33-0170626
Organization Overview
Rady Childrens Hospital Foundation- San Diego is located in San Diego, CA. The organization was established in 1986. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Rady Childrens Hospital Foundation- San Diego employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rady Childrens Hospital Foundation- San Diego 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, Rady Childrens Hospital Foundation- San Diego generated $99.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $100.4m during the year ending 06/2021. While expenses have increased by 18.9% 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.
Since 2015, Rady Childrens Hospital Foundation- San Diego has awarded 18 individual grants totaling $364,896,599. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING FOR RADY CHILDREN'S HOSPITAL SAN DIEGO, RADY CHILDREN'S HOSPITAL & HEALTH CENTER, & RADY CHILDREN'S RESEARCH CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING PROGRAMS: SOLICITATION AND FUNDRAISING IN SUPPORT OF PROGRAMS, PROJECTS, AND SERVICES OF RADY CHILDREN'S HOSPITAL - SAN DIEGO, RADY CHILDREN'S INSTITUTE FOR GENOMIC MEDICINE AND RADY CHILDREN'S HOSPITAL AND HEALTH CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Jennings Sr Vp, Exec Dir Foundation | Officer | 40 | $643,427 |
Jean Elizabeth Ford Vp, Foundation Fundraising | 40 | $363,590 | |
Carol D Damon-Scherer Sr Dir, Campaign Operations | Officer | 40 | $281,742 |
Lauren B Bergquist Sr Dir, Major Gifts Fundraiser | 40 | $230,919 | |
Julie Ann Reinke Sr Dir, Fundraising | 40 | $210,309 | |
Sarah Cooper Sr Dir, Foundation Operations | 40 | $199,721 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Children's Miracle Network Fundraising | 6/29/21 | $380,397 |
Visionpoint Marketing Llc Marketing | 6/29/21 | $353,773 |
Wpp Group Usa (Landor Ohio Llc) Consulting | 6/29/21 | $322,738 |
Ci Partners Direct Inc Fundraising | 6/29/21 | $422,696 |
Children's Hospital Los Angeles Fundraising | 6/29/21 | $271,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,861,768 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,959,223 |
| Noncash contributions included in lines 1a–1f | $335,038 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,820,991 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,550 |
| Net Income from Fundraising Events | $181,398 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,003,939 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $87,610,639 |
| 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. | $1,223,027 |
| Compensation of current officers, directors, key employees. | $360,548 |
| Compensation to disqualified persons | $4,703,184 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $605,250 |
| Other employee benefits | $692,119 |
| Payroll taxes | $435,698 |
| Fees for services: Management | $1,271,504 |
| Fees for services: Legal | $891 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,020,151 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $977,205 |
| Advertising and promotion | $692,360 |
| Office expenses | $11,222 |
| Information technology | $166,632 |
| Royalties | $0 |
| Occupancy | $1,038 |
| Travel | $64,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,233 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,831 |
| Insurance | $0 |
| All other expenses | $2,453 |
| Total functional expenses | $100,379,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,919 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $66,761,348 |
| Accounts receivable, net | $347,614 |
| 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 | $339,353 |
| Net Land, buildings, and equipment | $41,618 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,726,852 |
| Accounts payable and accrued expenses | $783,695 |
| Grants payable | $0 |
| Deferred revenue | $548,600 |
| 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 | $20,763,132 |
| Total liabilities | $22,095,427 |
| Net assets without donor restrictions | $45,631,425 |
| Net assets with donor restrictions | $0 |
| 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 | $67,726,852 |
Grants Awarded
Over the last fiscal year, Rady Childrens Hospital Foundation- San Diego has awarded $87,610,639 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: GENERAL SUPPORT | $81,123,180 |
San Diego, CA PURPOSE: GENERAL SUPPORT | $6,487,459 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rady Childrens Hospital Foundation- San Diego has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Stein Family Foundation San Diego, CA PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |
Endowment Analysis
| Beg. Balance | $114,591,220 |
| Earnings | $29,123,264 |
| Admin Expense | $72,213 |
| Net Contributions | $4,258,030 |
| Other Expense | $3,568,781 |
| Ending Balance | $144,331,520 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rady Childrens Hospital Foundation- San Diego San Diego, CA | $67,726,852 | $99,003,939 |
The Jewish Community Foundation Berkeley, CA | $0 | $31,858 |
Kataly Foundation San Francisco, CA | $408,915,933 | $67,773,441 |
The Skoll Fund Mountain View, CA | $894,684,857 | $96,699,445 |
Campus Facilities Improvement Association San Francisco, CA | $426,351,134 | $28,084,367 |
The Fuller Foundation Pasadena, CA | $257,941,250 | $19,125,152 |
Visionfund International Monrovia, CA | $247,513,230 | $28,379,048 |
Ocf Joseph E Weston Public Foundation Portland, OR | $550,802,794 | $13,792,655 |
Neubauer Family Charitable Trust Mountain View, CA | $307,054,683 | $23,995,522 |
Donald B Tanklage And Carole F Tanklage Foundation Novato, CA | $0 | $160,782 |
Pih Health Inc Whittier, CA | $139,222,706 | $19,647,393 |
The Polis Schutz Family Foundation San Diego, CA | $0 | $260,315 |