THE CHILDREN'S HOSPITAL OF BUFFALO FOUNDATION

EIN: 161332044 501(c)(3) Health Care

BUFFALO, NY

Total Revenue
$12,294,299
Total Expenses
$17,439,886
Total Assets
$76,066,845
Net Assets
$61,527,078
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NY
Principal Officer
ANDREW BENNETT
Phone
7168818260
Tax Period
2023-01-01 to 2023-12-31

THE CHILDREN'S HOSPITAL OF BUFFALO FOUNDATION, founded in 1988, is a mid-sized nonprofit in the Health Care sector that reported $12.3M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $17.4M exceeded revenue, resulting in a 42% operating deficit.

Mission

TO SOLICIT, MAINTAIN & ENHANCE THE VALUE OF PUBLIC CONTRIBUTIONS TO PROVIDE FINANCIAL SUPPORT TO THE JOHN R. OISHEI CHILDREN'S HOPITAL IN THEIR MISSION TO DELIVER UNPARALLELED PEDIATRIC AND WOMEN'S HEALTHCARE SERVICES.

Program Service Accomplishments

Program 1
Expenses: $15,886,726

THE ORGANIZATION IS A NON-FOR PROFIT CHARITABLE FOUNDATION SUPPORTING THE HEALTH SERVICES AND A SPECIALIZED PEDIATRIC HOSPITAL SITE THAT IS A DIVISION OF KALEIDA HEALTH, BY PROVIDING FUNDING FOR...

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THE ORGANIZATION IS A NON-FOR PROFIT CHARITABLE FOUNDATION SUPPORTING THE HEALTH SERVICES AND A SPECIALIZED PEDIATRIC HOSPITAL SITE THAT IS A DIVISION OF KALEIDA HEALTH, BY PROVIDING FUNDING FOR PATIENT CARE, EDUCATION AND RESEARCH.WITH SUPPORT FROM ITS' BOARD OF DIRECTORS AND MANY OTHER VOLUNTEERS, THE ORGANIZATION RAISES GIFTS IN THE FORM OF CASH, STOCKS, ESTATE GIFTS, CORPORATE GIFTS AND GRANTS FROM PRIVATE FOUNDATIONS.THE PRIMARY PROGRAMS AND ACTIVITIES OF THE ORGANIZATION INCLUDE:1. FESTIVAL OF TREES - THE 45TH ANNUAL BLACK-TIE GALA, THE MAIN EVENT, IN SUPPORT OF THE JOHN R. OISHEI CHILDREN'S HOSPITAL, WHICH SYMBOLIZES THE BOND BETWEEN THE HOSPITAL AND THE COMMUNITY THAT IT SERVES WAS BACK AND BETTER THAN EVER. SINCE COVID, THE EVENT HAS RAISED OVER $10 MILLION DOLLARS WITH THE 2023 YEAR'S PROCEEDS BEING UTILIZED TO SUPPORT PROGRAMS AND CARE DELIVERY FOR CHILDREN. THE USUAL EVENTS: DESIGNER SHOWCASE, THE FESTIVAL GALA, AND FAMILY DAY ALL HELD. OVER 900 GUESTS ATTENDED THE FESTIVAL GALA WHERE TREES WERE AVAILABLE VIA SILENT AUCTION. THERE WAS ALSO A LIVE AUCTION, WREATH SALES, AND A CASH APPEAL HELD. FOT ALSO HAS A DESIGNER SHOWCASE WHERE DESIGNERS ARE GIVEN COMPLIMENTARY TICKETS AND AWARDS ARE GIVEN FOR VARIOUS THEMES. OUR FAMILY DAY WAS HELD GIVING FAMILIES TIME TO VIEW THE TREES. BOTH EVENTS WERE TICKETED AND A BASKET RAFFLE WAS HELD AT THE DESIGNER SHOWCASE. NO CHILD IS EVER TURNED AWAY FROM THE OISHEI CHILDREN'S HOSPITAL WHERE EVERY FAMILY IS ENTITLED TO THE VERY BEST CARE NO MATTER THEIR ABILITY TO PAY. WE WERE GRATEFUL TO HAVE RAISED OVER $2 MILLION DOLLARS WHILE NETTING $129,743.2. ERIC WOOD'S FLIGHTS & BITES EVENT - IN 2017 BUFFALO BILLS PLAYER, ERIC WOOD, BROUGHT "THE ERIC WOOD FUND" TO THE CHILDREN'S HOSPITAL OF BUFFALO FOUNDATION. THE FUND NAME HAS NOW BEEN CHANGED IN HONOR OF ERIC'S BROTHER, EVAN WOOD. THE EVAN WOOD FUND INTRODUCES YOU TO A HOSPITAL-BASED PROGRAM PROVIDING A NETWORK OF SUPPORT TO CHRONICALLY ILL CHILDREN AND THEIR FAMILIES-STONE'S BUDDIES AT OISHEI CHILDREN'S HOSPITAL. IN 2023, THE EVENT WAS HELD ON SEPTEMBER 18TH AT RESURGENCE BREWING COMPANY. GUESTS ENJOYED A UNIQUE EXPERIENCE WHILE INDULGING IN CRAFT BREWS, BUFFALO-INSPIRED BITES, EXCITING LIVE & SILENT AUCTIONS AND LIVE MUSIC. SPONSORSHIPS AND TICKETS WERE SOLD. THE EVENT WAS ENJOYED BY MANY GUESTS AND NETTED OVER $81,111.3. 117 HOLES FOR CHILDREN - ON MAY 30TH, MEMBERS FROM THE CHILDREN'S HOSPITAL OF BUFFALO FOUNDATION BOARD OF DIRECTORS AND HOSPITAL SUPPORTERS PLAYED 117 HOLES FOR OISHEI CHILDREN'S HOSPITAL AT CRAG BURN GOLF CLUB! PLAYING FROM DAWN TO DUSK, THIS GROUP OF 13 INDIVIDUALS COMPETED NOT ONLY FOR THE MOST STEPS BUT TO RAISE THE MOST MONEY TO SUPPORT THE MOMS, KIDS AND BABIES OF WNY. THE GOLFERS HAD ONLINE DONATION PAGES SET UP AND COLLECTED DONATIONS FOR A WONDERFUL AND NEEDED CAUSE. WITH MORE SPONSORSHIPS SOLD, THE ADDITION OF TWO RELAY TEAMS RAISING FUNDS AND CRAG BURN DONATED THEIR FACILITIES, GOLF FEES AND CARTS TO SUPPORT OUR EVENT. THE EVENT NETTED $23,468.4. BUBBLEQ IN WHITE - ON JUNE 9TH, COMMUNITY COMMITTEE MEMBERS HOSTED BUBBLES IN WHITE, AN UPSCALE COCKTAIL STYLE EVENT UNDER THE STARS AT THE DELAVAN HOTEL. WHILE GUESTS ENJOYED GOURMET FOOD & BEVERAGE AND A BEAUTIFUL ENVIRONMENT THEY ALSO SUPPORTED THE AREAS OF MOST NEED AT OISHEI CHILDREN'S HOSPITAL THROUGH LIVE AUCTION AND CASH APPEAL. THE EVENT NETTED $28,803.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,168,081
Program Service Revenue $0
Investment Income $863,094
Other Revenue $263,124
TOTAL REVENUE $12,294,299

Expense Breakdown

Grants Paid $13,372,516
Salaries & Benefits $1,742,588
Fundraising Expenses $0
Program Expenses $15,886,726
Other Expenses $2,324,782
TOTAL EXPENSES $17,439,886

Year-over-Year Comparison

2023 2022 Change
Revenue $12,294,299 $15,158,294 -0.2%
Expenses $17,439,886 $17,895,442 0.0%
Net Income $-5,145,587 $-2,737,148 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
24
Independent Members
24
Employees
16
Volunteers
156

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$390,006
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER WILLIAMS CHAIRMAN (THRU FEB 2023) 1.00
Director
$0 $0 $0
FRANCISCO VASQUEZ NEW CHAIR 1.00
Director
$0 $0 $0
DAVID BEATON VICE CHAIR 1.00
Director
$0 $0 $0
JAMES SWIEZY SECRETARY 1.00
Director
$0 $0 $0
ASHLEY MEGANCK TREASURER 1.00
Director
$0 $0 $0
KAREN BALDUF DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW DAVISON DIRECTOR 1.00
Director
$0 $0 $0
BETH EDBAUER DIRECTOR 1.00
Director
$0 $0 $0
NATHAN GORDON DIRECTOR 1.00
Director
$0 $0 $0
BETHANNE HOLLIS DIRECTOR (AS OF OCT 2023) 1.00
Director
$0 $0 $0
JEREMY KELLEY DIRECTOR 1.00
Director
$0 $0 $0
MARY LOMEO DIRECTOR 1.00
Director
$0 $0 $0
JAMES MILLER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MOORE DIRECTOR 1.00
Director
$0 $0 $0
JOETTE MOSEY-ZACCAGNINO DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN NOTARIUS DIRECTOR 1.00
Director
$0 $0 $0
PETER PETRELLA DIRECTOR 1.00
Director
$0 $0 $0
NAGENDRA RAINA DIRECTOR 1.00
Director
$0 $0 $0
KATHERINE RAGUSA DIRECTOR 1.00
Director
$0 $0 $0
DR RENEE REYNOLDS DIRECTOR 1.00
Director
$0 $0 $0
RUSS SALVATORE DIRECTOR 1.00
Director
$0 $0 $0
KENNETH SLOMOVITZ DIRECTOR 1.00
Director
$0 $0 $0
PATTI THOMAS DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW VUKELIC DIRECTOR 1.00
Director
$0 $0 $0
KATIE GORMAN DIRECTOR 1.00
Director
$0 $0 $0
ANDREW BENNETT VICE PRESIDENT 40.00
Officer
$374,428 $15,578 $390,006
ANDREW LASHUA DIRECTOR OF DEVELOPMENT 40.00
Highest
$168,197 $27,821 $196,018
ERIN HARTNETT SR DIRECTOR DEVELOPMENT 40.00
Highest
$117,478 $26,706 $144,184
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $12,294,299 $17,439,886 $76,066,845 $-5,145,587
2022 $15,158,294 $17,895,442 $76,265,837 $-2,737,148
2021 $13,115,103 $15,954,187 $94,191,581 $-2,839,084
2020 $10,698,301 $13,187,081 $80,081,710 $-2,488,780
2019 $14,046,755 $13,996,863 $76,865,531 $49,892
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