Childrens Hospital Colorado
- Assets
- $82.1m
- Revenue
- $83.6m
- Investments
- $14.0k
- Employees
- 73
- Location
- Aurora, CO
- Founding
- 08/1980
- Data as of
- 12/2021
- EIN
- 84-0813462
Organization Overview
Childrens Hospital Colorado is located in Aurora, CO. The organization was established in 1980. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Childrens Hospital Colorado employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Hospital Colorado 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 12/2021, Childrens Hospital Colorado generated $83.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $73.5m during the year ending 12/2021. While expenses have increased by 8.0% per year over the past 7 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, Childrens Hospital Colorado has awarded 12 individual grants totaling $256,864,826. 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 COLORADO FOUNDATION ADVANCES THE MISSION OF CHILDREN'S HOSPITAL COLORADO BY RAISING PHILANTHROPIC FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S HOSPITAL COLORADO FOUNDATION IS DEDICATED TO ADVANCING THE MISSION OF CHILDREN'S HOSPITAL COLORADO. THE FOUNDATION SUPPORTS CHILDREN'S COLORADO BY INSPIRING AND FACILITATING PHILANTROPIC INVESTMENT AND ENGAGES AND INFORMS THE COMMUNITY ABOUT THE IMPACT THAT PHILANTROPY HAS ON THE HEALTH AND WELL-BEING OF CHILDREN. THE FOUNDATION IS COMMITTED TO INCLUSION AND BELONGING IN OUR WORKFORCE AND IN OUR COMMUNITY. COMMUNITY SUPPORT HELPS CHILDREN'S COLORADO CARE FOR MORE KIDS THAN ANY OTHER HOSPITAL IN OUR SEVEN-STATE REGION, ENSURES ACCESS TO WORLD-CLASS PEDIATRIC EXPERTISE FOR EVERY FAMILY WHO NEEDS US, AND DRIVES LIFE-SAVING INNOVATIONS AND DISCOVERIES FOR KIDS.
ENDOWMENT GIFTS PROVIDE A VALUED AND PERPETUAL SOURCE OF FUNDING THROUGH LONG-TERM INVESTMENT EARNINGS MANAGED BY THE CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM, AN AFFILIATED ENTITY. THIS REVENUE IS USED FOR OPERATIONS AND PROGRAMS THAT ARE CONSISTENT WITH DONOR INTENT. ENDOWMENT EARNINGS HELP CHILDREN'S HOSPITAL COLORADO ATTRACT THE BRIGHTEST MINDS IN PEDIATRIC MEDICINE AND KEEP THEM ON THE PATH TO DISCOVER MEDICAL BREAKTHROUGHS, ADVANCE NOVEL TREATMENTS, RAISE THE BAR FOR CLINICAL CARE AND GIVE ALL CHILDREN ACCESS TO WORLD-CLASS PEDIATRIC CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Darling President & CEO | OfficerTrustee | 40 | $565,223 |
Cary Larger COO And Corp Secretary | Officer | 40 | $398,604 |
Emily Colbenson Senior Vice President | Officer | 40 | $285,758 |
Peggy Warner Chief Board Relations Officer | Officer | 12 | $221,316 |
Steven Shineman Senior Vice President | Officer | 40 | $213,589 |
Sharon Mcmeel Senior Vice President | Officer | 40 | $212,079 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ades Design Builders Design/construction | 12/30/21 | $200,000 |
So Asher Consultants Consulting | 12/30/21 | $1,039,642 |
J Kahn Custom Homes Design/construction | 12/30/21 | $525,000 |
Nli Solutions Prizes & Shipping | 12/30/21 | $205,960 |
Lmno Marketing | 12/30/21 | $251,694 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,731,122 |
| Related organizations | $6,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,008,899 |
| Noncash contributions included in lines 1a–1f | $7,303,406 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,740,021 |
| Total Program Service Revenue | $0 |
| Investment income | $842,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,831 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,221 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $5,039,657 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,634,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,053,382 |
| 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. | $3,026,277 |
| Compensation of current officers, directors, key employees. | $1,484,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,406,438 |
| Pension plan accruals and contributions | $189,533 |
| Other employee benefits | $647,262 |
| Payroll taxes | $527,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $683,702 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,492 |
| Advertising and promotion | $17,044 |
| Office expenses | $287,838 |
| Information technology | $484,079 |
| Royalties | $0 |
| Occupancy | $23,236 |
| Travel | $16,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,753 |
| Insurance | $5,150 |
| All other expenses | $0 |
| Total functional expenses | $73,491,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,634 |
| Savings and temporary cash investments | $20,401,902 |
| Pledges and grants receivable | $29,009,532 |
| Accounts receivable, net | $40 |
| 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 | $559,189 |
| Net Land, buildings, and equipment | $595,413 |
| Investments—publicly traded securities | $19,357,458 |
| Investments—other securities | $14,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,121,841 |
| Total assets | $82,093,009 |
| Accounts payable and accrued expenses | $3,053,709 |
| 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 | $17,718,660 |
| Total liabilities | $20,772,369 |
| Net assets without donor restrictions | $11,670,834 |
| Net assets with donor restrictions | $49,649,806 |
| 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 | $82,093,009 |
Grants Awarded
Over the last fiscal year, Childrens Hospital Colorado has awarded $61,053,382 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Aurora, CO PURPOSE: Transfer of gifts and board designated support. | $50,535,225 |
Aurora, CO PURPOSE: Transfer of donor restricted gifts to principal of endowment funds. | $10,518,157 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Childrens Hospital Colorado has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
| $15,000 |
Endowment Analysis
| Beg. Balance | $7,545,000 |
| Earnings | $84,000 |
| Net Contributions | $9,678,000 |
| Grants | $10,911,000 |
| Ending Balance | $6,396,000 |