Childrens Hospital & Medical Center Foundation
- Assets
- $483.0m
- Revenue
- $27.5m
- Investments
- $48.9m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 04/1983
- Data as of
- 12/2021
- EIN
- 47-6105603
Organization Overview
Childrens Hospital & Medical Center Foundation is located in Omaha, NE. The organization was established in 1983. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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 & Medical Center 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, Childrens Hospital & Medical Center Foundation generated $27.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $51.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Childrens Hospital & Medical Center Foundation has awarded 38 individual grants totaling $70,898,441. 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 MANAGE AND DISTRIBUTE FUNDS, SOLICITED FROM THE PUBLIC, TO SUPPORT THE MISSION AND PURPOSE OF CHILDREN'S HOSPITAL & MEDICAL CENTER'S PREMIER PEDIATRIC SERVICES AND PROGRAMS.
Describe the Organization's Program Activity:
THE FOUNDATION'S PURPOSE IS TO SOLICIT, RECEIVE, INVEST AND DISTRIBUTE GENERAL AND SPECIFIC, RESTRICTED AND UNRESTRICTED GIFTS FOR THE BENEFIT AND SUPPORT OF CHILDREN'S HOSPITAL & MEDICAL CENTER. GRANTS ARE APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS FOR THE BENEFIT OF CHILDREN'S HOSPITAL & MEDICAL CENTER AND AFFILIATES. SEE HTTP://WWW.CHILDRENSOMAHA.ORG/GET-INVOLVED/ADVOCACY-OUTREACH/COMMUNITY-BENEFIT/ FOR THE COMMUNITY BENEFIT REPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Fahey Chairman | OfficerTrustee | 1 | $0 |
Cindy Heider Vice Chairman | OfficerTrustee | 1 | $0 |
Barrett Knudson Treasurer | OfficerTrustee | 1 | $0 |
Gail Deboer Secretary | OfficerTrustee | 1 | $0 |
Amy Hatcher Evp & CFO | Officer | 1 | $0 |
Beth Greiner VP & Executive Director | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meca Omaha Event Venue | 12/30/19 | $138,684 |
Children's Miracle Network Fundraising | 12/30/19 | $241,521 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $802,668 |
| Related organizations | $0 |
| Government grants | $804,895 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,057,253 |
| Noncash contributions included in lines 1a–1f | $5,312,999 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,664,816 |
| Total Program Service Revenue | $0 |
| Investment income | $10,597,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,705,741 |
| Net Income from Fundraising Events | $409,221 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $172,516 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,549,600 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,954,667 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $276,975 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $321,631 |
| Fees for services: Investment Management | $535,933 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,424 |
| Office expenses | $39,043 |
| Information technology | $60,067 |
| Royalties | $0 |
| Occupancy | $1,313 |
| Travel | $453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,054 |
| Insurance | $56,312 |
| All other expenses | $89,399 |
| Total functional expenses | $51,215,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,571,653 |
| Savings and temporary cash investments | $14,934,522 |
| Pledges and grants receivable | $8,704,736 |
| 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 | $218,021 |
| Net Land, buildings, and equipment | $16,495 |
| Investments—publicly traded securities | $405,578,674 |
| Investments—other securities | $48,933,435 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $482,957,536 |
| Accounts payable and accrued expenses | $2,039,855 |
| 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 | $85,000 |
| Total liabilities | $2,124,855 |
| Net assets without donor restrictions | $453,577,688 |
| Net assets with donor restrictions | $27,254,993 |
| 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 | $482,957,536 |
Grants Awarded
Over the last fiscal year, Childrens Hospital & Medical Center Foundation has awarded $47,954,667 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Omaha, NE PURPOSE: PROGRAM SUPPORT | $47,785,607 |
Omaha, NE PURPOSE: PROGRAM SUPPORT | $89,965 |
Omaha, NE PURPOSE: PROGRAM SUPPORT | $79,095 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Childrens Hospital & Medical Center Foundation has recieved totaling $4,779,499.
| Awarding Organization | Amount |
|---|---|
Walter Scott Family Foundation Omaha, NE PURPOSE: CAPITAL CAMPAIGN | $1,000,000 |
Peter Kiewit Foundation Omaha, NE PURPOSE: TO SUPPORT THE CHANGING LIVES TOGETHER CAPITAL CAMPAIGN. | $1,000,000 |
Nebraska Children And Families Foundation Lincoln, NE PURPOSE: OPERATING EXPENSES | $754,457 |
Union Pacific Foundation Omaha, NE PURPOSE: HEALTH AND WELLNESS | $500,000 |
Robert B Daugherty Foundation Omaha, NE PURPOSE: CAPITAL PROJECT | $400,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $300,000 |
Endowment Analysis
| Beg. Balance | $99,960,929 |
| Earnings | $1,571,110 |
| Net Contributions | $12,775,597 |
| Other Expense | $47,101,741 |
| Grants | $150,207 |
| Ending Balance | $67,055,688 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Foundation For Barnes-Jewish Hospital St Louis, MO | $993,230,579 | $106,273,508 |
Childrens Hospital Colorado Aurora, CO | $82,093,009 | $83,634,680 |
Ascension Medical Group Genesys St Louis, MO | $56,901,611 | $50,467,195 |
Childrens Hospital & Medical Center Foundation Omaha, NE | $482,957,536 | $27,549,600 |
Regional West Health Services & Affiliated Employee Benefit Trust Scottsbluff, NE | $5,369,125 | $34,323,197 |
St Louis Childrens Hospital Foundation St Louis, MO | $519,869,527 | $109,928,853 |
Evergy Inc Kansas City, MO | $52,468,726 | $27,820,976 |
Operating Engineers Health And Welfare Trust Fund For Colorado Arvada, CO | $27,494,778 | $20,685,381 |
Oklahoma Gas And Electric Company Employees Medical Benefit Trust Des Moines, IA | $55,573 | $22,996,745 |
Motor Car Dealers Assn Of Greater Kansas City Health & Welfare Fund Overland Park, KS | $2,304,856 | $21,574,079 |
Catholic Health Initiatives Colorado Foundation Centennial, CO | $87,057,736 | $22,290,693 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |