Childrens Hospital Foundation
- Assets
- $768.7m
- Revenue
- $82.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1990
- Data as of
- 06/2021
- EIN
- 52-1640402
Organization Overview
Childrens Hospital Foundation, operating under the name Children's National Hospital Foundation, is located in Washington, DC. The organization was established in 1990. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Children's National 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 06/2021, Children's National Hospital Foundation generated $82.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $51.0m during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 6 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 2015, Children's National Hospital Foundation has awarded 27 individual grants totaling $214,445,901. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHILDREN'S HOSPITAL FOUNDATION DBA CHILDREN'S NATIONAL HOSPITAL FOUNDATION SUPPORTS WORLD CLASS CARE AND RESEARCH FOR THE NATION'S CHILDREN. CHILDREN'S NATIONAL HOSPITAL FOUNDATION ("THE FOUNDATION") SERVES AS THE FUNDRAISING ARM FOR CHILDREN'S NATIONAL MEDICAL CENTER DBA CHILDREN'S NATIONAL IN WASHINGTON, DC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.PROGRAM SERVICE ACCOMPLISHMENT 1THE FOUNDATION RAISES PRIVATE, CORPORATE AND INSTITUTIONAL FINANCIAL SUPPORT TO ENSURE THAT PATIENTS AND THEIR FAMILIES RECEIVE WORLD-CLASS, COMPASSIONATE PEDIATRIC CARE. DONOR GIFTS RECEIVED BY THE FOUNDATION ARE REFLECTED AS REVENUE IN THE ORGANIZATION'S BUDGET. AS CHILDREN'S NATIONAL INCURS COSTS FOR RESEARCH, CARE AND EDUCATION, DONATED FUNDS ARE RELEASED INTO THE BUDGET AND THE EXPENSES ARE REFLECTED IN THIS CATEGORY. THIS REPRESENTS A MOVEMENT OF GIFT FUNDS TO THE HOSPITAL IN ACCORDANCE WITH THE DONOR'S DESIGNATION AND THE HOSPITAL'S MISSION TO ADVANCE PEDIATRIC CARE. WITH A HEALTHCARE EXPERIENCE DESIGNED AROUND KIDS' UNIQUE NEEDS, CHILDREN'S NATIONAL IS THE PREMIER PROVIDER OF PEDIATRIC SERVICES IN THE WASHINGTON, D.C., METROPOLITAN AREA AND THE REGION'S ONLY HEALTH SYSTEM SPECIALIZING IN CARE SPECIFICALLY FOR CHILDREN. LAST YEAR, THE HOSPITAL CARED FOR MORE THAN 240,000 UNIQUE PATIENTS FROM THE NATION'S CAPITAL, MARYLAND, AND VIRGINIA, ACROSS THE U.S. AND AROUND THE WORLD. WE OFFER ACCESS TO TOP PEDIATRIC SPECIALISTS, SURGEONS AND MENTAL HEALTH PROFESSIONALS; WE INNOVATE, DISCOVER AND DRIVE NEW TECHNOLOGIES AND THERAPIES TO TREAT AND CURE CHILDREN; AND WE EDUCATE COMMUNITIES, PATIENTS AND THEIR FAMILIES ON PEDIATRIC HEALTH ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Zients Board Chairman To 01/21 | OfficerTrustee | 2 | $0 |
Kurt D Newman MD President / CEO (cnmc) | OfficerTrustee | 2 | $0 |
Amy Baier Board Chairman | OfficerTrustee | 2 | $0 |
Mae H Grennan Board Vice Chair | OfficerTrustee | 2 | $0 |
Alec King Evp & CFO To 10/20 | Officer | 2 | $0 |
Aldwin Lindsay Evp & CFO As Of 12/20 | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schultz Williams Inc Marketing | 6/29/17 | $1,360,061 |
Snh Medical Office Properties Trust Office Lease | 6/29/17 | $792,137 |
Children's Miracle Network Fundraising | 6/29/17 | $511,032 |
Ritz-carlton Washington Dc Events | 6/29/17 | $379,321 |
Marts Lundy Consulting | 6/29/17 | $196,553 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,478 |
| Membership dues | $0 |
| Fundraising events | $1,760,450 |
| Related organizations | $15,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,634,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,416,898 |
| Total Program Service Revenue | $0 |
| Investment income | $21,710,930 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,847,537 |
| Net Income from Fundraising Events | -$142,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,832,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,318,027 |
| 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. | $603,656 |
| Compensation of current officers, directors, key employees. | $603,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,850,372 |
| Pension plan accruals and contributions | $380,909 |
| Other employee benefits | $653,172 |
| Payroll taxes | $705,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,637 |
| Fees for services: Accounting | $520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,571,893 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,151,403 |
| Advertising and promotion | $1,279,782 |
| Office expenses | $273,162 |
| Information technology | $584,998 |
| Royalties | $0 |
| Occupancy | $689,116 |
| Travel | $82,702 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,650 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $51,013,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,733,548 |
| Pledges and grants receivable | $66,159,761 |
| 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 | $120,401 |
| Investments—publicly traded securities | $678,286,646 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,407,224 |
| Total assets | $768,707,580 |
| Accounts payable and accrued expenses | $905,646 |
| 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 | $295,696 |
| Total liabilities | $1,201,342 |
| Net assets without donor restrictions | $368,223,173 |
| Net assets with donor restrictions | $399,283,066 |
| 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 | $768,707,580 |
Grants Awarded
Over the last fiscal year, Childrens Hospital Foundation has awarded $28,318,027 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: PROGRAM SUPPORT | $19,145,204 |
Washington, DC PURPOSE: GENERAL SUPPORT | $8,775,457 |
Washington, DC PURPOSE: GENERAL SUPPORT | $397,366 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Childrens Hospital Foundation has recieved totaling $112,037.
| Awarding Organization | Amount |
|---|---|
Tr Uw James M Green Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $111,537 |
C Herbert Marshall Fund B Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $157,605,828 |
| Earnings | $2,466,125 |
| Net Contributions | $4,657,019 |
| Ending Balance | $164,728,972 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Maryland Faculty Physicians Inc Baltimore, MD | $357,134,333 | $108,138,580 |
Childrens Health Foundation Inc Norfolk, VA | $218,293,245 | $41,519,979 |
Childrens Hospital Foundation Washington, DC | $768,707,580 | $82,832,640 |
Syrian American Medical Society Foundation Washington, DC | $20,670,637 | $42,052,972 |
Johns Hopkins Hospital Endowment Fund Incorporated Baltimore, MD | $745,035,781 | $11,088,977 |
The Hsc Foundation Washington, DC | $107,386,448 | $11,268,614 |
Horizon Foundation Of Howard County Inc Columbia, MD | $95,051,877 | $2,906,262 |
Upper Chesapeake Health Foundation Inc Bel Air, MD | $47,305,445 | $3,872,894 |
Annabella R Jenkins Foundation Richmond, VA | $70,934,282 | $6,833,566 |
Whitman-Walker Foundation Inc Washington, DC | $3,593,058 | $4,293,834 |
National Gaucher Care Foundation Inc Rockville, MD | $51,058 | $1,800,202 |
Uhs Professional Education Programs Inc Richmond, VA | $480,810 | $1,744,487 |