Alabama Childrens Hospital Foundation
- Assets
- $1.2b
- Revenue
- $41.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 05/1986
- Data as of
- 12/2022
- EIN
- 63-0879471
Organization Overview
Alabama Childrens Hospital Foundation is located in Birmingham, AL. The organization was established in 1986. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Alabama Childrens 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 12/2022, Alabama Childrens Hospital Foundation generated $41.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $15.4m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ALABAMA CHILDREN'S HOSPITAL FOUNDATION (THE FOUNDATION) IS TO SUPPORT THE ACTIVITIES AND MISSION OF THE HOSPITAL (CHA).
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND GENERAL ADMINISTRATION OF FUNDRAISING ACTIVITIES FOR THE HOSPITAL (CHA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas G Shufflebarger President & CEO (key Employee) | Trustee | 1 | $0 |
Dawn Walton Chief Financial Officer | OfficerTrustee | 1 | $0 |
Ralph Frohsin Jr President Of The Foundation | OfficerTrustee | 1 | $0 |
Edward K Aldag Jr Vice President Of The Foundation | OfficerTrustee | 1 | $0 |
Beth G Dubina Secretary/treasurer Of The Foudation | OfficerTrustee | 1 | $0 |
Tracey M Adams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,537,819 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,654,336 |
| Noncash contributions included in lines 1a–1f | $463,967 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,192,155 |
| Total Program Service Revenue | $0 |
| Investment income | $12,238,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,475,609 |
| Net Gain/Loss on Asset Sales | $15,735,523 |
| Net Income from Fundraising Events | -$721,150 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,920,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,305,456 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,388,968 |
| Fees for services: Other | $2,309,937 |
| Advertising and promotion | $91,805 |
| Office expenses | $392,649 |
| Information technology | $181,345 |
| Royalties | $0 |
| Occupancy | $3,477 |
| Travel | $71,156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,110 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $307,135 |
| Insurance | $3,623 |
| All other expenses | $0 |
| Total functional expenses | $15,369,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,334,862 |
| Pledges and grants receivable | $16,048,740 |
| Accounts receivable, net | $32,500 |
| 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 | $418,449 |
| Net Land, buildings, and equipment | $20,988,732 |
| Investments—publicly traded securities | $1,061,414,703 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,179,140 |
| Total assets | $1,232,417,126 |
| Accounts payable and accrued expenses | $505,233 |
| 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 | $94,602 |
| Total liabilities | $599,835 |
| Net assets without donor restrictions | $1,168,749,479 |
| Net assets with donor restrictions | $63,067,812 |
| 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 | $1,232,417,126 |
Grants Awarded
Over the last fiscal year, Alabama Childrens Hospital Foundation has awarded $5,154,064 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ALABAMA AT BIRMINGHAM PURPOSE: Endowed Chair Expense/Kaul Pediatric Research Institute Grant | $2,840,039 |
THE CHILDREN'S HOSPTIAL OF ALABAMA PURPOSE: operations | $2,314,025 |