Childrens Hospital And Healthcare Services Foundation
- Assets
- $253.2m
- Revenue
- $70.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Richmond, VA
- Founding
- 02/1978
- Data as of
- 06/2022
- EIN
- 51-0220692
Organization Overview
Childrens Hospital And Healthcare Services Foundation, operating under the name Children's Hospital Foundation, is located in Richmond, VA. The organization was established in 1978. 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 06/2022, Children's Hospital Foundation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children's Hospital 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 06/2022, Children's Hospital Foundation generated $70.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $21.0m during the year ending 06/2022. While expenses have increased by 14.1% per year over the past 7 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 2017, Children's Hospital Foundation has awarded 17 individual grants totaling $106,266,050. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUND AND ADVOCATE FOR PEDIATRIC INITIATIVES THAT IMPROVE THE STATUS OF HEALTH CARE AND THE QUALITY OF LIFE FOR CHILDREN IN OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO TAX-EXEMPT ORGANIZATIONS IN OUR COMMUNITY TO HELP FUND INITIATIVES THAT IMPROVE THE HEALTH CARE AND QUALITY OF LIFE OF RESIDENTS (IN PARTICULAR, CHILDREN) IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Z Moore President & CEO | Officer | 45 | $222,900 |
James Deyarmin CFO - Thru 12/21 | Officer | 45 | $198,758 |
Emily Toalson Director Of Major Gifts | 45 | $121,073 | |
Carrie Bickford VP For Development | 45 | $118,620 | |
Mary Ann Coyle Director Of Advancement Services | 45 | $111,886 | |
Matthew Brady VP Communications & Donor Relations | 45 | $104,260 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marketeam Llc Provides Fundraising Consulting Services | 6/29/22 | $502,090 |
Blackbaud Inc Subscription Software Services & Impleme | 6/29/22 | $197,719 |
Brookglobal Provides Donor Recognition Systems | 6/29/22 | $536,500 |
Markham Yard Advertising Agency | 6/29/22 | $1,134,281 |
B & B Printing Provides Marketing And Printing Services | 6/29/22 | $174,314 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $382,772 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,173,601 |
| Noncash contributions included in lines 1a–1f | $3,195,026 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,556,373 |
| Total Program Service Revenue | $0 |
| Investment income | $9,834,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,920,724 |
| Net Income from Fundraising Events | -$45,724 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,265,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,750,362 |
| 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. | $505,167 |
| Compensation of current officers, directors, key employees. | $57,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,616,210 |
| Pension plan accruals and contributions | $78,874 |
| Other employee benefits | $325,334 |
| Payroll taxes | $141,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,252 |
| Fees for services: Accounting | $41,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $194,842 |
| Fees for services: Other | $1,057,773 |
| Advertising and promotion | $832,896 |
| Office expenses | $1,187,211 |
| Information technology | $43,670 |
| Royalties | $0 |
| Occupancy | $31,179 |
| Travel | $7,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,541 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,899 |
| Insurance | $45,324 |
| All other expenses | $100 |
| Total functional expenses | $20,985,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,757,971 |
| Pledges and grants receivable | $10,537,156 |
| Accounts receivable, net | $54,900 |
| 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 | $250,893 |
| Net Land, buildings, and equipment | $774,548 |
| Investments—publicly traded securities | $219,851,367 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,002,090 |
| Total assets | $253,228,925 |
| Accounts payable and accrued expenses | $296,319 |
| Grants payable | $2,873,630 |
| 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 | $21,347 |
| Total liabilities | $3,191,296 |
| Net assets without donor restrictions | $197,439,131 |
| Net assets with donor restrictions | $52,598,498 |
| 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 | $253,228,925 |
Grants Awarded
Over the last fiscal year, Childrens Hospital And Healthcare Services Foundation has awarded $14,747,862 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA COMMONWEALTH UNIVERSITY HEALTH SYSTEM AUTHORITY PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $13,266,273 |
VIRGINIA COMMONWEALTH UNIVERSITY PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $1,456,089 |
Richmond, VA PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $15,500 |
Milwaukee, WI PURPOSE: TO PROVIDE GENERAL EDUCATION SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Childrens Hospital And Healthcare Services Foundation has recieved totaling $1,071,772.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $354,100 |
American Endowment Foundation Hudson, OH PURPOSE: HEALTH, GENERAL | $315,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $247,918 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $39,024 |
Carley Family Foundation Wilmington, DE PURPOSE: TO RAISE AWARENESS AND FUND RESEARCH TO CURE PEDIATRIC CANCER | $37,500 |
Motorsports Charities Inc Daytona Beach, FL PURPOSE: PROGRAM SUPPORT | $28,800 |
Endowment Analysis
| Beg. Balance | $40,732,416 |
| Earnings | -$4,212,877 |
| Net Contributions | $27,703 |
| Other Expense | $11,053,844 |
| Ending Balance | $25,493,398 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Carolina Medicorp Enterprises Llc Winston Salem, NC | $11,898,708 | $46,315,888 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
Fauquier Health Foundation Warrenton, VA | $249,193,841 | $9,571,718 |
Chesapeake Regional Medical Group Chesapeake, VA | $4,557,734 | $12,231,172 |
Calvert Health System Inc Prince Frederick, MD | $134,464,089 | $23,125,484 |
North Carolina Agricultural Foundation Inc Raleigh, NC | $248,209,354 | $30,308,869 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
Childrens Hospital And Healthcare Services Foundation Richmond, VA | $253,228,925 | $70,265,641 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |