Better Business Bureau Report for
Children's Hospital Foundation

Better Business Bureau Report issued July 2010
Better Business Bureau Report expires July 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Children's Hospital Foundation
Address: 224 E. Broadway - 5th Floor
  Louisville, KY 40202
Phone: 502-629-8060
Web Address: www.nortonhealthcare.com/help/chf
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Better Business Bureau Comments

Year, State Incorporated: 1962, Kentucky
Affiliates: None
Stated Purpose: The Children’s Hospital Foundation is the philanthropic arm of Kosair Children’s Hospital and operates solely to raise funds and generate volunteer support for the services, programs, and equipment needs outlined in the Hospital’s strategic plan.

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Evaluation Conclusions

              

Children's Hospital Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

Kosair Children’s Hospital is the only freestanding, full-service pediatric tertiary care facility in Kentucky dedicated exclusively to providing quality medical treatment to all children in need of care, regardless of their ability to pay. During 2009, over 109,000 children from throughout Kentucky and Southern Indiana received medical care at Kosair Children's Hospital, which treats children from birth to age 18. The services and programs provided cover nearly every aspect of care and treatment for children – from the tiniest premature infant to the adolescent with traumatic head or spinal injuries – all in a child-friendly, family-centered atmosphere. Kosair Children’s Hospital is the primary pediatric teaching facility for the University of Louisville Department of Pediatrics. Ensuring quality of care for both today and tomorrow, the hospital has a strong commitment to medical education and innovative research.

For the fiscal year ended December 31, 2009, Children's Hospital Foundation's program expenses were:

  
Equipment 8,961,464
Programs 2,623,630
Financial Assistance 132,562
Faculty Support 64,094
Total Program Expenses: $11,781,750
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Governance

              

Chief Executive : Lynnie Meyer, MSN, R.N., Chief Executive Officer
Compensation*:

Chair of the Board: William J. Ehrig
Chair's Profession / Business Affiliation: Retired

Board Size: 30

Paid Staff Size: 12

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Fund Raising

              

Method(s) Used:

Fund raising methods include direct mail, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, and planned giving arrangements.
Fund raising costs were 12% of related contributions. (Related contributions, which totaled $9,282,454, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on the agency’s audited financial statements for the year that ended December 31, 2009.

Ending net assets as reported below include $21,828,161 in unrestricted net assets , $19,240,205 in temporarily restricted net assets, and $17,320,503 in permanently restricted net assets.

Total assets as reported include $51,039 invested in property and equipment.



Source of Funds  
Donations & Gifts 8,365,673
Investments 5,968,171
Bequests 916,781
Other 276,902
Total Income $15,527,527


chart



Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 8%  Administrative: 5% 

Total income   $15,527,527
  Program expenses $11,781,750
  Fund raising expenses 1,088,669
  Administrative expenses 725,780
 
Total expenses   $13,596,199
Income in Excess of Expenses   1,931,328
Beginning net assets   56,457,541
Ending net assets   58,388,869
Total liabilities   2,785,570
Total assets   $61,174,439


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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