Overview
What is Children's Miracle Network?
Children's Miracle Network is a nonprofit organization committed to saving children's lives by raising funds and awareness for children's hospitals across North America. They are unique as the donated funds remain within the community and are allocated according to each hospital's needs. In 2022, they raised over $421 million and distributed these discretionary funds to member hospitals, supporting their most pressing healthcare needs. The 170 member hospitals provide medical care to over 10 million children each year, focusing on highly specialized care for complex and rare conditions. The funds raised in 2022 went towards advancement services, charitable care, education, equipment, patient services, and research. Through these initiatives, Children's Miracle Network leads to successful outcomes for patients and families.
Official website here: www.childrensmiraclenetworkhospitals.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94%
Children's Miracle Network has achieved a Four-Star out of Four Star rating from Charity Navigator, highlighting its strong accountability and financial practices. The organization scored 94% in this area, showcasing a commitment to transparency and effective governance. Key factors contributing to this score include a fully independent board and comprehensive financial oversight.
User feedback emphasizes the organization's impact, particularly in providing healthcare to children. A noted volunteer praised its dedication, stating that the network ensures no child is denied the medical care they require, impacting around 17 million children annually. This reflects a strong community presence and effectiveness in fulfilling its mission.
While the financial metrics are robust with a program expense ratio of 83.70%, there are some limitations, particularly in the liabilities to assets ratio, which stands at 58.66%. This could suggest a need for further financial strengthening. Overall, the Children's Miracle Network is recognized for its significant contributions to children's health and its sound financial management.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Children's Miracle Network legitimate?
Children's Miracle Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children's Miracle Network 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: $2,958,442
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,112,567
For more financial information, click here
Official website here: www.childrensmiraclenetworkhospitals.org
What is the mission statement of Children's Miracle Network?
Children's Miracle Network is a non-profit organization dedicated to saving children's lives by raising funds and awareness for children's hospitals across North America. The unique aspect of this network is that the funds raised remain within the local community where they are donated, and hospitals determine the best allocation for the funds. In 2022, the network raised over $421 million, primarily for advancement services, charitable care, education, equipment, patient services, and research. These funds help provide essential medical care, education initiatives, equipment needs, and patient services to children and their families. In 2022, Children's Miracle Network hospitals provided medical care to more than 10 million children through over 32 million patient visits, making a significant impact on children's healthcare needs.
Official website here: www.childrensmiraclenetworkhospitals.org
Who is the CEO of Children's Miracle Network?
Teri Nestel is the President & Ceo of Children's Miracle Network. The CEO's salary of Children's Miracle Network is $651,326 and their total compensation is $908,983.
Official website here: www.childrensmiraclenetworkhospitals.org
What is the revenue of Children's Miracle Network?
Children's Miracle Network's revenue in 2022 was $46,163,947.
Official website here: www.childrensmiraclenetworkhospitals.org
Who are the executives of Children's Miracle Network and what are their salaries?
The average compensation at Children's Miracle Network during 2022 was $83,277. There are 217 employees and 50 volunteers at Children's Miracle Network.
Here are 34 key members and their salaries (Children's Miracle Network's CEO's salary is $651,326 and their total compensation is $908,983):
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- Compensation: $651,326
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- Other: $257,657
- Compensation: $438,462
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- Compensation: $170,585
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- Other: $61,064
Official website here: www.childrensmiraclenetworkhospitals.org
Where can I find the form 990 for Children's Miracle Network?
Children's Miracle Network's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.childrensmiraclenetworkhospitals.org
Learn more at the official website: www.childrensmiraclenetworkhospitals.org
Mission Statement of Children's Miracle Network
Children's Miracle Network, a renowned organization with the mission to save kids' lives, raises funds and awareness for children's hospitals across North America. By supporting local communities, this network ensures that donations directly benefit the children in need. The unique structure of Children's Miracle Network allows hospitals to determine the best allocation of funds based on their current and future needs.
The combined efforts of Children's Miracle Network and its partners raised over $421 million in 2022 to help children who receive care at member hospitals. These donations are distributed as discretionary funds, enabling hospitals to address the most critical healthcare needs within their communities. With 170 member hospitals across the United States and Canada, Children's Miracle Network hospitals provide medical care to more than 10 million children annually through over 32 million patient visits.
The organization's efforts have led to significant advancements in children's healthcare, raising funds for construction and capital expenditures to improve treatment and care facilities. Children's Miracle Network hospitals also support charitable care initiatives, which help families with medical bills and other expenses when they need it most. Education is another area of focus, with funds raised to support children's hospitals' educational initiatives ranging from car seat safety classes to community health and wellness programs.
Equipment is essential for children's hospitals, often needing to be customized for each child's size and age, resulting in substantial expenses. Children's Miracle Network hospitals raised over $109 million in 2022 to support equipment needs. Patient services, which include physical, mental, and emotional care, are critical roles within a children's hospital and are often dependent on philanthropy. Art and pet therapy, counseling, and outdoor gardens are just a few examples of patient care services supported by Children's Miracle Network.
Innovative research is transforming pediatric healthcare, and Children's Miracle Network hospitals contributed $29 million in 2022 to support these efforts. By combining their resources and expertise, Children's Miracle Network hospitals continue to improve outcomes and treatments for patients, ensuring a brighter future for children across North America.
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Impact
October, 2024
Children's Miracle Network Hospitals has a profound impact on children's healthcare across North America by raising essential funds and awareness for local children's hospitals. In 2022 alone, they mobilized over $421 million, ensuring that donations directly support the most critical health needs of children in their community.
The funds raised are remarkably adaptable, allowing hospitals to assess and allocate resources based on their specific requirements. This approach has led to significant advancements in several areas:
- **Advancement Services**: Over $101 million was dedicated to construction and capital expenditures, enhancing treatment and care facilities.
- **Charitable Care**: Approximately $54 million supported patients and families during challenging times, covering medical bills, travel assistance, and other urgent needs.
- **Equipment**: Recognizing that children's medical equipment requires customization, nearly $109 million was allocated to meet the unique needs of young patients.
- **Patient Services**: More than $96 million contributed to the holistic care of children, including emotional, mental, and specialized services, crucial for effective healing.
- **Education**: Around $29 million boosted educational initiatives, from safety programs to helping patients continue their studies while receiving care.
- **Research**: With approximately $29 million invested in healthcare innovation, Children's Miracle Network Hospitals is leading advancements that enhance pediatric treatments and outcomes.
Annually, the combined efforts of its 170 member hospitals cater to over 10 million children through more than 32 million patient visits, making substantial contributions to both routine and specialized care. This direct community focus ensures that every dollar raised is maximally beneficial, fostering healthier futures for young patients.
This information is meant to be a general summary of Children's Miracle Network. 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: $1,155,342
- Program Service Revenue: $35,820,776
- Gross Receipts: $54,595,443
Assets and Liabilities:
- Total Assets: $135,666,986
- Total Liabilities: $81,942,294
- Net Assets: $53,724,692
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOSPITAL FEES
Revenue
$30,529,929
DIRECT MAIL FEES
Revenue
$5,094,405
REGISTRATION FEES
Revenue
$196,442
Organization Details
Founding Year
1982
Phone
(801) 214-7400Principal Officer
Teri Nestel
Main Address
205 WEST 700 SOUTH, SALT LAKE CITY, UT, 84101
NTEE Category
Code: Z99 - Unknown
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