Believe In Tomorrow National Childrens Foundation Inc
- Assets
- $12.4m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 12
- Location
- Baltimore, MD
- Founding
- 04/1984
- Data as of
- 12/2023
- EIN
- 52-1332737
Organization Overview
Believe In Tomorrow National Childrens Foundation Inc is located in Baltimore, MD. The organization was established in 1984. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Believe In Tomorrow National Childrens Foundation Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Believe In Tomorrow National Childrens 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 12/2023, Believe In Tomorrow National Childrens Foundation Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PEDIATRIC HOSPITAL AND RESPITE HOUSING SERVICES TO CRITICALLY ILL CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S HOUSINGAS A WORLD LEADER IN PEDIATRIC HOSPITAL AND RESPITE HOUSING, BELIEVE IN TOMORROW PROVIDES CRITICALLY ILL CHILDREN AND THEIR FAMILIES AN ESCAPE FROM THE STRESSFUL ROUTINE OF MEDICAL TREATMENTS. RESPITE HOUSING OFFERS A RELAXING VACATION SETTING AND A WIDE RANGE OF ACTIVITIES, WHERE FAMILIES CAN RENEW THEIR ENERGY AND SPIRIT BY SPENDING QUALITY TIME TOGETHER. HOSPITAL HOUSING PROVIDES ACCOMMODATIONS TO FAMILIES TRAVELING FROM THROUGHOUT THE UNITED STATES AND THE WORLD, WHO ARE SEEKING MEDICAL TREATMENT AT JOHNS HOPKINS CHILDREN'S CENTER. ALL HOUSING IS PROVIDED FREE OF CHARGE TO FAMILIES.BELIEVE IN TOMORROW OWNS AND OPERATES SIX RESPITE HOUSING PROPERTIES: BELIEVE IN TOMORROW HOUSE BY THE SEA AND BELIEVE IN TOMORROW HOUSE ON THE BAY, BOTH LOCATED IN OCEAN CITY, MARYLAND; BELIEVE IN TOMORROW HOUSE ON FENWICK ISLAND, LOCATED ON FENWICK ISLAND, DELAWARE; BELIEVE IN TOMORROW HOUSE ON WISP MOUNTAIN, AND BELIEVE IN TOMORROW HOUSE AT DEEP CREEK LAKE, CO-LOCATED IN THE WISP MOUNTAIN RESORT IN MCHENRY, MARYLAND; AND BELIEVE IN TOMORROW HOUSE AT PINNACLE FALLS, LOCATED JUST OUTSIDE ASHEVILLE, NORTH CAROLINA. BELIEVE IN TOMORROW OWNS AND OPERATES THE CHILDREN'S HOUSE AT JOHNS HOPKINS WHICH IS LOCATED ON THE PROPERTY OF JOHNS HOPKINS HOSPITAL. OPENED IN 1993, THIS HOSPITAL HOUSING FACILITY PROVIDES AN AVERAGE OF 2,000 INDIVIDUAL OVERNIGHT ACCOMMODATIONS PER MONTH. THE PURPOSE OF THE HOSPITAL HOUSING PROGRAM IS TO KEEP FAMILIES TOGETHER IN THE MIDST OF MEDICAL CRISIS, TO REDUCE STRESS AND PROMOTE SELF-HELP AND MUTUAL SUPPORT. YOUNG PEOPLE WHO RECEIVE MEDICAL TREATMENT AWAY FROM HOME NEED THE EMOTIONAL SUPPORT OF THEIR FAMILIES. THOSE FAMILIES NEED A "HOME-AWAY-FROM-HOME," WHERE THEY CAN RESTORE THEIR OWN PHYSICAL AND EMOTIONAL ENERGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christie Hunter Secretary/treasurer/cfo | OfficerTrustee | 30 | $78,000 |
Brian Morrison President | OfficerTrustee | 30 | $52,308 |
Richard E Mccready Chairman | OfficerTrustee | 3 | $0 |
David Reymann Vice Chairman | OfficerTrustee | 3 | $0 |
Tom Delaney Parent Representative | Trustee | 1 | $0 |
David Amick Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $45,661 |
| Membership dues | $0 |
| Fundraising events | $284,816 |
| Related organizations | $0 |
| Government grants | $302,115 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,733,294 |
| Noncash contributions included in lines 1a–1f | $481,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,365,886 |
| Total Program Service Revenue | $0 |
| Investment income | $188,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $354,634 |
| Net Income from Gaming Activities | $55,809 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,964,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $184,850 |
| 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. | $218,958 |
| Compensation of current officers, directors, key employees. | $13,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,671 |
| Pension plan accruals and contributions | $10,776 |
| Other employee benefits | $71,139 |
| Payroll taxes | $37,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,096 |
| Fees for services: Accounting | $78,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,583 |
| Advertising and promotion | $3,195 |
| Office expenses | $38,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,503 |
| Travel | $19,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,529 |
| Insurance | $64,272 |
| All other expenses | $43,257 |
| Total functional expenses | $1,755,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579 |
| Savings and temporary cash investments | $6,987,226 |
| Pledges and grants receivable | $23,405 |
| Accounts receivable, net | $357,641 |
| 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 | $49,778 |
| Net Land, buildings, and equipment | $4,514,270 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $443,635 |
| Total assets | $12,376,534 |
| Accounts payable and accrued expenses | $53,961 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $203,961 |
| Net assets without donor restrictions | $12,142,100 |
| Net assets with donor restrictions | $30,473 |
| 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 | $12,376,534 |