Overview
What is Children's Hospital Of Michigan Foundation?
The Children's Hospital of Michigan Foundation is a nonprofit organization committed to improving the health of children in Michigan. Based in Detroit, Michigan, they primarily focus on supporting pediatric research programs through various initiatives. Their 2022 awards include funding for studies on pediatric cancers, sickle cell disease, congenital heart disease, concussion outcomes, immunosuppression from steroid bursts in asthma, and a database for tracking children with COVID-19-related multisystem inflammatory syndrome (MIS-C). Beyond research, the foundation also supports education, community benefit programs, and other projects aimed at enhancing the well-being of children in Michigan, as per their mission to promote pediatric health. Their workforce consists of 34 dedicated individuals.
Official website here: www.yourchildrensfoundation.org
What are the reviews and ratings of this charity?
Children's Hospital Of Michigan Foundation receives a strong 93% score from Charity Navigator, earning it a Four-Star out of Four Star rating, indicating it excels in accountability and finance. All board members are independent, suggesting high governance standards. Additionally, it has no material diversion of assets and exhibits robust financial practices.
The organization demonstrates financial health with a liabilities to assets ratio of 1.75% and a program expense ratio of 69.59%, which signifies effective allocation of funds towards its mission. However, its fundraising efficiency is slightly less impressive, costing $0.28 per dollar raised, implying room for improvement.
While Charity Navigator provides a comprehensive assessment of its financial practices, the foundation lacks scores for some non-financial metrics like impact, culture, and leadership. This may limit a full understanding of its broader organizational effectiveness. There are no user reviews available from GreatNonprofits to provide additional perspectives from beneficiaries or volunteers.
This AI summary has been generated from information found on Charity Navigator.
Is Children's Hospital Of Michigan Foundation legitimate?
Children's Hospital Of Michigan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children's Hospital Of Michigan Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,110,857
Professional Fundraising Fees: $4,225
Other Salaries and Wages: $1,828,727
For more financial information, click here
Official website here: www.yourchildrensfoundation.org
What is the mission statement of Children's Hospital Of Michigan Foundation?
The Children's Hospital of Michigan Foundation is dedicated to supporting various initiatives aimed at enhancing the health of children in Michigan. This includes backing pediatric research, education, community benefit programs, and other projects. Through its efforts, the foundation supports initiatives such as funding for the Children's Research Center of Michigan, endowed chair and professorships at Wayne State University, studies on pediatric cancers, sickle cell disease, and congenital heart disease among others. The foundation also funds studies utilizing 3D modeling and salivary mRNA to predict concussion outcomes, immunosuppression from systemic steroid bursts in asthma, and establishes a database for tracking children with Multisystem Inflammatory Syndrome due to COVID-19 (MIS-C).
Official website here: www.yourchildrensfoundation.org
Who is the CEO of Children's Hospital Of Michigan Foundation?
Andrew Stein is the Chairperson of Children's Hospital Of Michigan Foundation. The CEO's salary of Children's Hospital Of Michigan Foundation is $360,866 and their total compensation is $407,778.
Official website here: www.yourchildrensfoundation.org
What is the revenue of Children's Hospital Of Michigan Foundation?
Children's Hospital Of Michigan Foundation's revenue in 2022 was $11,546,203.
Official website here: www.yourchildrensfoundation.org
Who are the executives of Children's Hospital Of Michigan Foundation and what are their salaries?
The average compensation at Children's Hospital Of Michigan Foundation during 2022 was $86,458. There are 34 employees and 290 volunteers at Children's Hospital Of Michigan Foundation.
Here are 53 key members and their salaries (Children's Hospital Of Michigan Foundation's CEO's salary is $360,866 and their total compensation is $407,778):
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Official website here: www.yourchildrensfoundation.org
Where can I find the form 990 for Children's Hospital Of Michigan Foundation?
Children's Hospital Of Michigan Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yourchildrensfoundation.org
Learn more at the official website: www.yourchildrensfoundation.org
Mission Statement of Children's Hospital Of Michigan Foundation
The Children's Hospital of Michigan Foundation is dedicated to supporting various initiatives aimed at improving the health of children in Michigan. This nonprofit organization actively engages in pediatric research, education, community benefit programs, and numerous other projects (as mentioned, further details are unavailable). Their mission is to back these initiatives, which ultimately contribute to the well-being of children in the state.
In terms of specific projects, the Children's Hospital of Michigan Foundation has awarded funding for numerous studies. For instance, they've supported research on the treatment of pediatric cancers, sickle cell disease, and congenital heart disease, utilizing advanced technologies such as 3D modeling. They've also funded studies on the use of salivary mRNA to predict concussion outcomes and immunosuppression from systemic steroid bursts in asthma. Moreover, the foundation has established a database to track children with Multisystem Inflammatory Syndrome due to COVID-19 (MIS-C).
In summary, the Children's Hospital of Michigan Foundation is a vital supporter of initiatives that contribute to the health and well-being of children in Michigan. Through its funding of various research programs, endowed chair and professorships, and community benefit programs, the foundation is making significant strides in improving pediatric healthcare in the state.
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Impact
October, 2024
Children's Hospital Of Michigan Foundation significantly impacts pediatric health in Michigan through its targeted support for research, education, and community benefit programs. By funding crucial initiatives, the foundation enhances the healthcare landscape for children and facilitates advancements in medical knowledge and treatment.
In 2022, the foundation allocated resources towards various pivotal studies, including those focused on pediatric cancers and sickle cell disease. It has also supported innovative research utilizing 3D modeling to better understand congenital heart disease and explored predictive methods for concussion outcomes through salivary mRNA analysis. These diverse studies not only improve treatment protocols but also contribute to personalized care for young patients.
Moreover, the foundation has invested in establishing a database to track children suffering from multisystem inflammatory syndrome due to COVID-19 (MIS-C), ensuring that healthcare providers have the necessary tools for effective management and intervention. The funding for an endowed chair at Wayne State University reflects a commitment to education and ongoing research excellence in pediatrics.
Through these efforts, Children's Hospital Of Michigan Foundation plays a crucial role in advancing healthcare for children, ultimately leading to improved health outcomes and a brighter future for young patients across the state.
This information is meant to be a general summary of Children's Hospital Of Michigan Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,678,492
- Gross Receipts: $66,290,680
Assets and Liabilities:
- Total Assets: $120,534,198
- Total Liabilities: $2,118,663
- Net Assets: $118,415,535
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Organization Details
Founding Year
2003
Phone
(313) 964-6994Principal Officer
Andrew Stein
Main Address
3011 W GRAND BLVD 218, DETROIT, MI, 48202
NTEE Category
Code: E112 - Health
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