Childrens Hospital Colorado Health System
- Assets
- $1.2b
- Revenue
- $8.1m
- Investments
- $758.1m
- Employees
- 0
- Location
- Aurora, CO
- Founding
- 05/2012
- Data as of
- 12/2020
- EIN
- 45-4182666
Organization Overview
Childrens Hospital Colorado Health System is located in Aurora, CO. The organization was established in 2012. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Childrens Hospital Colorado Health System 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 12/2020, Childrens Hospital Colorado Health System generated $8.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE THE INVESTMENT OF FUNDS ON BEHALF OF CHILDREN'S HOSPITAL COLORADO ("HOSPITAL") AND CHILDREN'S HOSPITAL COLORADO FOUNDATION ("FOUNDATION").
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ernst & Young Audit And Tax | 12/30/21 | $705,250 |
Monticello Investment Advisor | 12/30/21 | $350,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,840,315 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,084,997 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,938 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,143 |
| Payroll taxes | $7,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,000 |
| Fees for services: Accounting | $608,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $437,500 |
| Fees for services: Other | $20 |
| Advertising and promotion | $0 |
| Office expenses | $600 |
| 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 | $1,779,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 |
| Investments—publicly traded securities | $396,736,070 |
| Investments—other securities | $758,067,821 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,154,803,891 |
| Accounts payable and accrued expenses | $139,890 |
| 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 | $1,887,691 |
| Total liabilities | $2,027,581 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,152,776,310 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Childrens Hospital Colorado Health System has recieved totaling $10,641,187.
| Awarding Organization | Amount |
|---|---|
Childrens Hospital Colorado Aurora, CO PURPOSE: Transfer of donor restricted gifts to principal of endowment funds. | $10,518,157 |
Delta Dental Plan Of Colorado Foundation Inc Centennial, CO PURPOSE: Children's Hospital Colorado Oral Health Program for Underserved Populations (w/ Aurora PS) | $100,000 |
Stxbp1 Foundation Holly Springs, NC PURPOSE: TO FUND RESEARCH | $23,030 |
Endowment Analysis
| Beg. Balance | $207,924,246 |
| Earnings | $22,881,585 |
| Net Contributions | $12,291,498 |
| Other Expense | $9,808,690 |
| Ending Balance | $233,288,639 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adventhealth South Overland Park Inc Overland Park, KS | $169,073,602 | $4,112,859 |
Nextfifty Initiative Denver, CO | $264,860,664 | $19,564,011 |
National Fund For Christian Science Nursing Overland Park, KS | $10,483,266 | $9,902,486 |
Immanuel Home & Community Resources Omaha, NE | $6,515,187 | $2,989,245 |
Creighton University Arizona Health Education Alliance Phoenix, AZ | $1,380,752 | $3,660,850 |
Dhha Omc Qalicb Inc Denver, CO | $20,932,285 | $2,388,531 |
Covenant Health Network Phoenix, AZ | $1,059,787 | $3,272,102 |
Community Outreach And Patient Empowerment Inc Gallup, NM | $3,855,730 | $4,650,355 |
Kansas Healthcare Collaborative Inc Topeka, KS | $2,257,795 | $1,843,219 |
Childrens Hospital Colorado Health System Aurora, CO | $1,154,803,891 | $8,084,997 |
Kvc Foundation Inc Olathe, KS | $20,210,495 | $4,054,495 |
Salina Regional Health Properties Inc Salina, KS | $5,800,029 | $1,708,102 |