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Children's Health Care Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411814223 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Children's Health Care Foundation?

Children's Health Care Foundation is a Minneapolis-based nonprofit organization dedicated to supporting Children's Health Care, also known as Children's Hospitals and Clinics. The Foundation acts as a fundraising arm for Children's, which was established in 1924 and is one of the largest children's health care organizations in the U.S., with 451 staffed beds at its two hospital campuses in St. Paul and Minneapolis. The Foundation champions the cause of raising funds for Children's, with a mission to leverage these resources to provide top-notch, family-centered pediatric healthcare services. With 27 employees, the Foundation is committed to improving children's health and championing the unique needs of children and their families.


Official website here: www.childrensmn.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 96%, Four-Star out of Four Star rating.

The Children's Health Care Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The organization scored particularly well in the Accountability & Finance category, reflecting its effective management and transparency practices. With a 100% score in this area, the foundation demonstrates prudent fiscal responsibility and a solid governance framework.

One of the notable strengths of the foundation is its independent board structure, comprised entirely of independent members, which contributes to effective oversight and decision-making. The organization also maintains comprehensive policies, such as conflict of interest and whistleblower protections, ensuring ethical operations. Additionally, with a program expense ratio of over 75%, the majority of funds are allocated directly to its charitable activities, enhancing its impact on children's health care.

While the foundation shows strong fundraising efficiency, with costs relatively low compared to the funds raised, there is room for improvement in this area. Overall, the Children's Health Care Foundation exemplifies a well-managed nonprofit that prioritizes financial integrity and program effectiveness, making a noteworthy contribution to its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Children's Health Care Foundation legitimate?

Children's Health Care Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children's Health Care 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: $1,191,915
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,605,349

For more financial information, click here


Official website here: www.childrensmn.org

What is the mission statement of Children's Health Care Foundation?

The Children's Health Care Foundation is dedicated to raising funds for the special health needs of children. Through financial resources obtained from the community, the foundation supports the mission of Children's Health Care by championing the needs of children and their families and improving their access to high-quality, family-centered pediatric healthcare services. The foundation acts as the fundraising arm for Children's Health Care, one of the largest children's healthcare organizations in the U.S., and leverages its resources to provide essential healthcare services to children in need. The foundation's efforts aim to make a significant difference in the lives of children by providing them with the best possible care.


Official website here: www.childrensmn.org

Who is the CEO of Children's Health Care Foundation?

Brenda Mccormick is the President & Ceo of Children's Health Care Foundation. The CEO's salary of Children's Health Care Foundation is $0 and their total compensation is $1,978,002.


Official website here: www.childrensmn.org

What is the revenue of Children's Health Care Foundation?

Children's Health Care Foundation's revenue in 2022 was $24,259,448.


Official website here: www.childrensmn.org

Who are the executives of Children's Health Care Foundation and what are their salaries?

The average compensation at Children's Health Care Foundation during 2022 was $103,602. There are 27 employees and 84 volunteers at Children's Health Care Foundation.


Here are 48 key members and their salaries (Children's Health Care Foundation's CEO's salary is $0 and their total compensation is $1,978,002):


Marc Gorelick Md (President & Ceo)
  • Compensation: $0
  • Related: $1,935,831
  • Other: $42,171
Brenda Mccormick (Svp & Cfo)
  • Compensation: $0
  • Related: $962,479
  • Other: $45,702
Andrew Pugh (Svp Chief Legal Officer)
  • Compensation: $0
  • Related: $506,040
  • Other: $41,189
Jennifer Soderholm (Cdo & Foundation President)
  • Compensation: $306,860
  • Related: $418,016
  • Other: $29,588
Ann Mcgarry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Beh (Board Member, Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Maxwell (Board Member, Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Hedberg (Board Member, Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Blackford (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Frankenfield (Former Board Member Thru 1/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ismat Aziz (Former Board Member Thru 11/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Cavanagh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeryn Konezny (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Troje (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marty Bassett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Ciresi (Former Board Member Thru 1/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Molly Biedenfeld (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monique Dewolf (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nestor Jaramillo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nico Wyrobek (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Johnson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Lieberman (Board Member, Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Becker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Evenstad (Former Board Member Thru 11/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Murphy Garber (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Hockett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Blackwell (Former Board Member Thru 2/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacqueline Lloyd Cunningham (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Simone Hardenman-Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Herman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon King (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mikko Koivu (Former Board Member Thru 5/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Lapadat (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Poitra (Former Board Member Thru 5/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mara Ryan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tawnya Stewart (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
May Thao-Schuck (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Treberg (Former Board Member Thru 5/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Weed (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter White (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Archelle Georgiou (Board Member As Of 5/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annie Waters (Vp Foundation Operations)
  • Compensation: $331,984
  • Related: $0
  • Other: $28,992
Joslyn Biever (Vp Philanthropy)
  • Compensation: $284,113
  • Related: $0
  • Other: $22,257
Daniel Lantz (Sr Mgr Gift Admin & It)
  • Compensation: $129,501
  • Related: $0
  • Other: $33,409
Teri Cannon (Director Of Development)
  • Compensation: $120,173
  • Related: $0
  • Other: $32,632
Jason Zotalis (Sr Major Gift Officer)
  • Compensation: $111,768
  • Related: $0
  • Other: $32,130
Ashley Lawson (Sr Major Gift Officer)
  • Compensation: $111,246
  • Related: $0
  • Other: $14,431
Brady Gervais (Major Gift Officer)
  • Compensation: $108,116
  • Related: $0
  • Other: $13,496


Official website here: www.childrensmn.org

Where can I find the form 990 for Children's Health Care Foundation?

Children's Health Care Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.childrensmn.org

Learn more at the official website: www.childrensmn.org

Mission Statement of Children's Health Care Foundation

Children's Health Care Foundation is a leading advocacy group dedicated to raising essential funds to support the unique health needs of children. The organization's mission is to champion financial resources from the community, which are then leveraged to improve pediatric healthcare services. By doing so, Children's Health Care Foundation empowers Children's Health Care, a renowned children's healthcare organization, to provide exceptional, family-centered care for children with special needs.

Founded in 1924, Children's Health Care Foundation has grown to become one of the most prominent children's healthcare organizations in the United States, with over 450 staffed beds across its two hospital campuses. The organization serves as the fundraising arm for Children's Health Care, which is committed to delivering high-quality pediatric services. By obtaining financial resources, Children's Health Care Foundation enables Children's Health Care to make a difference in the lives of children and their families, ensuring they receive the best possible care.

Through its fundraising efforts, Children's Health Care Foundation supports Children's Health Care's mission to provide comprehensive, family-centered pediatric healthcare services. These services cater to children with various special needs, ensuring they receive the attention and care they deserve. The foundation's dedication to raising funds helps Children's Health Care maintain its position as a leader in the field of children's healthcare, making a significant impact on the lives of countless children and families.

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Impact




October, 2024

Children's Health Care Foundation significantly enhances the well-being of children facing special health needs. By raising essential funds, the foundation directly supports the mission of Children's Health Care and contributes to the provision of high-quality, family-centered pediatric services. With a long-standing history since 1924, the foundation plays a crucial role in addressing the unique challenges faced by children and their families, ensuring they receive the care they need. Operating two hospital campuses in St. Paul and Minneapolis, the foundation leverages community resources to make a meaningful impact on children's health and improve healthcare outcomes across the region. Through its dedicated efforts, it champions the special needs of children, fostering an environment where their health issues are met with the utmost care and attention.




This information is meant to be a general summary of Children's Health Care 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.

Revenue
$24,259,448 (2022)
Expenses
$20,384,224 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $479,143
  • Gross Receipts: $35,720,215

Assets and Liabilities:

  • Total Assets: $87,926,238
  • Total Liabilities: $4,119,734
  • Net Assets: $83,806,504

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Organization Details

Founding Year

1995

Principal Officer

Brenda Mccormick

Main Address

2525 CHICAGO AVENUE SOUTH, MINNEAPOLIS, MN, 55404

NTEE Category

Code: E120 - Health

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