Miami Children's Health System Foundation Inc
- Assets
- $0.0
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 39
- Location
- Miami, FL
- Founding
- 03/2013
- Data as of
- 12/2020
- EIN
- 46-1784918
Organization Overview
Miami Children's Health System Foundation Inc, operating under the name Nicklaus Children's Hospital Foundation Inc, is located in Miami, FL. The organization was established in 2013. 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 12/2020, Nicklaus Children's Hospital Foundation Inc employed 39 individuals. Nicklaus Children's Hospital Foundation 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 12/2020, Nicklaus Children's Hospital Foundation Inc generated $13.8m 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 (4.3%) each year. All expenses for the organization totaled $9.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nicklaus Children's Hospital Foundation Inc has awarded 19 individual grants totaling $44,250,665. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MIAMI CHILDREN'S HEALTH SYSTEM FOUNDATION, INC. (D/B/A NICKLAUS CHILDREN'S HEALTH SYSTEM FOUNDATION, INC.) IS TO CREATE AWARENESS AND GENERATE FUNDS FOR NICKLAUS CHILDREN'S HEALTH SYSTEM (SYSTEM), NICKLAUS CHILDREN'S HOSPITAL AND ANY OTHER NOT-FOR-PROFIT AFFILIATED ENTITY.
Describe the Organization's Program Activity:
IN 2020, GRANTS WERE MADE TO NICKLAUS CHILDREN HOSPITAL TO PROVIDE FUNDING FOR THE PERSONALIZED MEDICINE, TELEHEALTH DENTAL AND SOCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthony Baradat And Associates Advertising | 12/30/18 | $694,432 |
Wow Factor Marketing Group Inc Marketing | 12/30/18 | $269,017 |
Korn Ferry Leadership Consulting Corp Recruitment | 12/30/18 | $102,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,932 |
| Membership dues | $0 |
| Fundraising events | $1,754,504 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,277,174 |
| Noncash contributions included in lines 1a–1f | $691,452 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,042,610 |
| Total Program Service Revenue | $0 |
| Investment income | $73,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,657 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$355,568 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,756,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,424,946 |
| 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. | $380,096 |
| Compensation of current officers, directors, key employees. | $87,422 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,861,453 |
| Pension plan accruals and contributions | $16,104 |
| Other employee benefits | $315,241 |
| Payroll taxes | $98,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,183 |
| Fees for services: Other | $214,547 |
| Advertising and promotion | $564,710 |
| Office expenses | $36,526 |
| Information technology | $960 |
| Royalties | $0 |
| Occupancy | $110,310 |
| Travel | $14,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $38,110 |
| All other expenses | $58,980 |
| Total functional expenses | $9,161,817 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Miami Children's Health System Foundation Inc has awarded $4,424,946 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: (See Statement) | $4,319,623 |
CHILDREN'S HEALTH VENTURES INC AND SUBSIDIARIES PURPOSE: (See Statement) | $100,000 |
Miami, FL PURPOSE: (See Statement) | $5,323 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Miami Children's Health System Foundation Inc has recieved totaling $3,758,239.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $3,000,000 |
South Florida Sports Foundation Inc Miami Gardens, FL PURPOSE: DONATION | $250,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: MEDICAL/SCIENTIFIC RESEARCH & PROGRAMS | $200,000 |
Fraternal Order Of Eagles Foundation Grove City, OH PURPOSE: EQUIPMENT/SUPPLIES | $88,125 |
Community Foundation Of Collier County Naples, FL PURPOSE: ARTS, CULTURE, & HUMANITIES | $58,027 |
Stop Childrens Cancer Of Palm Beach County Inc Palm Beach Gardens, FL PURPOSE: GRANT AWARDED FOR PEDIATRIC CANCER RESEARCH. | $50,000 |
Endowment Analysis
| Beg. Balance | $50,915,312 |
| Earnings | $3,318,446 |
| Net Contributions | $33,028 |
| Other Expense | $2,419,636 |
| Ending Balance | $51,847,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
West Florida Health Home Care Inc Temple Terrace, FL | $9,306,071 | $17,546,584 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Mount Sinai Medical Center Foundation Inc Miami Beach, FL | $381,873,831 | $56,255,268 |
Baptist Health System Foundation Inc Jacksonville, FL | $315,907,780 | $49,455,199 |
Harry-Anna Investment Fund Inc Umatilla, FL | $366,026,272 | $19,311,670 |
Morton Plant Mease Health Care Foundation Inc Clearwater, FL | $126,171,724 | $8,632,525 |
Ufcw & Employers Health & Welfare T Rust Fund Pembroke Pines, FL | $22,540,829 | $18,806,803 |
Lakeland Regional Medical Center Foundation Inc Lakeland, FL | $42,454,148 | $10,633,675 |
Alabama Childrens Hospital Foundation Birmingham, AL | $1,336,728,368 | $67,689,862 |
Plumbers & Pipefitters Local 421 Health & Welfare Fund Pembroke Pines, FL | $21,305,656 | $12,681,000 |