Friends Of Childrens Hospital Inc
- Assets
- $4.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Flowood, MS
- Founding
- 03/1991
- Data as of
- 06/2023
- EIN
- 58-1921769
Organization Overview
Friends Of Childrens Hospital Inc is located in Flowood, MS. The organization was established in 1991. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2023, Friends Of Childrens Hospital Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Childrens Hospital 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 06/2023, Friends Of Childrens Hospital Inc generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 8 years. 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
FRIENDS OF CHILDREN'S HOSPITAL IS A NONPROFIT ORGANIZATION CREATED TO BENEFIT CHILDREN'S OF MISSISSIPPI AT THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF CHILDREN'S HOSPITAL CONDUCTS VARIOUS FUNDRAISERS TO GATHER COMMUNITY SUPPORT FOR THE FACILITIES AND PROGRAMS OF CHILDREN'S OF MISSISSIPPI AT THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER. FRIENDS OF CHILDREN'S HOSPITAL AND UNIVERSITY OF MISSISSIPPI MEDICAL CENTER HAVE AN AFFILIATION AGREEMENT WHICH GOVERNS THE RELATIONSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caitlin Foreman Executive Di | Officer | 40 | $22,355 |
John Scarbrough Board Chairm | OfficerTrustee | 8 | $0 |
William Vandevender Jr Treasurer | OfficerTrustee | 4 | $0 |
Kristin Allen Executive Co | OfficerTrustee | 4 | $0 |
Jill Dale Executive Co | OfficerTrustee | 4 | $0 |
Mary Clift Abdalla Executive Co | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,164 |
| Membership dues | $0 |
| Fundraising events | $1,247,363 |
| Related organizations | $0 |
| Government grants | $371,146 |
| All other contributions, gifts, grants, and similar amounts not included above | $575,508 |
| Noncash contributions included in lines 1a–1f | $30,345 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,198,181 |
| Total Program Service Revenue | $0 |
| Investment income | $119,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $369,940 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$303 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$23,694 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,663,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,451,890 |
| 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. | $85,181 |
| Compensation of current officers, directors, key employees. | $17,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,968 |
| Pension plan accruals and contributions | $4,487 |
| Other employee benefits | $12,072 |
| Payroll taxes | $18,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,913 |
| Fees for services: Accounting | $24,316 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,388 |
| Office expenses | $15,196 |
| Information technology | $38,621 |
| Royalties | $0 |
| Occupancy | $36,887 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,381 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,949 |
| Insurance | $16,781 |
| All other expenses | $125 |
| Total functional expenses | $2,938,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,169 |
| Savings and temporary cash investments | $2,652,107 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,468 |
| 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 | $46,382 |
| Investments—publicly traded securities | $1,960,130 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,883,256 |
| Accounts payable and accrued expenses | $11,383 |
| Grants payable | $5,076,244 |
| 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 | $5,087,627 |
| Net assets without donor restrictions | -$204,371 |
| 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 | $4,883,256 |
Grants Awarded
Over the last fiscal year, Friends Of Childrens Hospital Inc has awarded $2,451,890 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF MS MEDICAL CENTER (UMMC) PURPOSE: PROGRAM SUPPORT | $1,687,786 |
UNIVERSITY OF MS FOUNDATION PURPOSE: UMMC FUND | $764,104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rush Care Inc Meridian, MS | $5,899,832 | $14,115,736 |
Baptist Memorial Regional Rehabilitation Services Inc Memphis, TN | $4,125,342 | $9,511,943 |
The Thompson Cancer Survival Center Knoxville, TN | $59,886,115 | $28,323,238 |
Leo N Levi Memorial Hospital Association Hot Springs, AR | $13,415,278 | $10,783,739 |
Advanced Care Hospital Of Whitecounty Searcy, AR | $3,454,262 | $5,221,526 |
Friends Of Childrens Hospital Inc Flowood, MS | $4,883,256 | $2,663,544 |
Chattanooga Cancer Support Services Chattanooga, TN | $31,849,942 | $1,252,151 |
Coosa Valley Seniors Housing Inc Birmingham, AL | $822,707 | $250,210 |
Mobile Infirmary Auxiliary Inc Mobile, AL | $1,380,381 | $418,845 |
Decatur County-St Jude Worlds Largest Coon Hunt Inc Parsons, TN | $12,813 | $103,909 |
Chad Colley River Valley Hospice House Fort Smith, AR | $158,503 | $14,359 |
The Eye Foundation Inc Birmingham, AL | $204,162 | $26,815 |
Savoy Cancer Center Inc Mamou, LA | $0 | $0 |
Pcpt Lenexa Llc Knoxville, TN | $806,858 | $0 |