Cumberland Pediatric Foundation
- Assets
- $2.4m
- Revenue
- $1.2m
- Investments
- $503.1k
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 06/1999
- Data as of
- 06/2021
- EIN
- 62-1615913
Organization Overview
Cumberland Pediatric Foundation is located in Brentwood, TN. The organization was established in 1999. According to its NTEE Classification (H98) the organization is classified as: Pediatrics Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Pediatric 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, Cumberland Pediatric Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 5.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE PROMOTE THE IMPROVED QUALITY, EFFICIENCY, AND LOWER COST OF PROVIDING HEALTH CARE TO CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VACCINE CONTRACTS - DISCOUNTS PROGRAM CONSISTS OF PURCHASE CONTRACTS WITH COMPANIES WHICH ALLOWS FOR CPF TO RECEIVE ADMINISTRATIVE FEES BASED ON MEMBER PURCHASES. THE CONTRACT TERMS PROVIDE PHYSICIAN PRACTICE MEMBERS WITH ACCESS TO NECESSARY AND LIFE-SAVING VACCINES AT DISCOUNTS OF UP TO 60% ON SELECTED PRODUCTS.
DEVELOPMENT OF "BEST PRACTICE" GUIDELINES FOR PROVIDING AND DOCUMENTING THE QUALITY OF PEDIATRIC CARE, PROFESSIONAL PEDIATRIC EDUCATION THROUGH THE PROVISION OF TEACHING SERVICES TO MEDICAL STUDENTS AND RESIDENTS IN PRIVATE PRACTICE SETTINGS, AND SPONSORSHIP OF PRACTICE SEMINARS.
GRANT CONTRACTS DIRECT CONTRACTS AND SUBCONTRACTS WITH GOVERNMENTAL INSTITUTIONS, ACADEMIC INSTITUTIONS, OR PRIVATE FOUNDATIONS AND COMPANIES TO CONDUCT RESEARCH STUDIES AND QUALITY IMPROVEMENT PROJECTS IN COLLABORATION WITH MEMBER PRACTICES TO IMPROVE PEDIATRIC CARE AND BENEFIT THE HEALTHCARE OF CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lora Harnak Executive Director | Officer | 40 | $144,434 |
Robert Lillard MD Medical Director | Officer | 5 | $28,281 |
Louise Ratts Finance Consultant | Officer | 10 | $14,948 |
Chetan Mukundan MD Board Member (end 6/30/2021) | Trustee | 0.2 | $800 |
Buddy Creech MD Board Member | Trustee | 0.2 | $600 |
Molly Hood MD President | OfficerTrustee | 0.2 | $400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,019 |
| Total Program Service Revenue | $942,529 |
| Investment income | $16,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,494 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,216,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $2,533 |
| Compensation of current officers, directors, key employees. | $2,533 |
| 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 | $0 |
| Fees for services: Legal | $613 |
| Fees for services: Accounting | $31,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23,060 |
| Information technology | $15,516 |
| Royalties | $0 |
| Occupancy | $97,424 |
| Travel | $1,896 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,763 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,902 |
| Insurance | $3,539 |
| All other expenses | $2,979 |
| Total functional expenses | $1,098,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $992,135 |
| Savings and temporary cash investments | $514,563 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $354,473 |
| 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 | $8,311 |
| Net Land, buildings, and equipment | $2,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $503,086 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,375,131 |
| Accounts payable and accrued expenses | $154,402 |
| 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 | $208,567 |
| Other liabilities | $93,109 |
| Total liabilities | $456,078 |
| Net assets without donor restrictions | $1,919,053 |
| 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 | $2,375,131 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cumberland Pediatric Foundation has recieved totaling $95,079.
| Awarding Organization | Amount |
|---|---|
Vanderbilt University Medical Center Nashville, TN PURPOSE: Research | $95,079 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Foundation Research Institute Memphis, TN | $0 | $2,772,489 |
Cumberland Pediatric Foundation Brentwood, TN | $2,375,131 | $1,216,155 |
North Carolina Pediatric Society Inc Raleigh, NC | $1,318,327 | $902,985 |
Columbus Children Foundation Durham, NC | $1,023,937 | $1,536,692 |
Fleur De Lis Saint Louis, MO | $455,129 | $519,087 |
National Black Child Development Institute Inc Dacula, GA | $100,640 | $371,848 |
Reaching Out Foundation Inc Stone Mountain, GA | $647,961 | $81,511 |
Stryker Strong Hoover, AL | $4,632 | $48,304 |
Childress Institute For Pediatric Trauma Winston Salem, NC | $0 | $0 |
Pediatric Cardiac Intensive Care Foundation Richmond, VA | $1,816 | $0 |