CHILDREN'S HEART FOUNDATION

EIN: 364077528 501(c)(3) Philanthropy & Grantmaking

NORTHBROOK, IL

Total Revenue
$3,610,008
Total Expenses
$3,880,946
Total Assets
$3,173,238
Net Assets
$2,300,405
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
IL
Principal Officer
TERRY K MORROW
Phone
8476346474
Tax Period
2024-01-01 to 2024-12-31

CHILDREN'S HEART FOUNDATION, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.6M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE CHILDREN'S HEART FOUNDATION (CHF) IS TO ADVANCE THE DIAGNOSIS, TREATMENT AND PREVENTION OF CONGENITAL HEART DEFECTS (CHDS) BY FUNDING THE MOST PROMISING RESEARCH.

Program Service Accomplishments

Program 1
Expenses: $2,544,642 Revenue: $7,298

RESEARCHTHE CHILDREN'S HEART FOUNDATION FUNDS THE MOST PROMISING CONGENITAL HEART DEFECT (CHD)RESEARCH. SINCE 1996, CHF HAS INVESTED NEARLY $20 MILLION INTO CHD RESEARCH AND SCIENTIFIC...

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RESEARCHTHE CHILDREN'S HEART FOUNDATION FUNDS THE MOST PROMISING CONGENITAL HEART DEFECT (CHD)RESEARCH. SINCE 1996, CHF HAS INVESTED NEARLY $20 MILLION INTO CHD RESEARCH AND SCIENTIFIC COLLABORATIONS.IN 2024 CHF FUNDED NEARLY $1.8 MILLION IN CHD RESEARCH AND SCIENTIFIC COLLABORATIONS ACROSS FOUR KEY INITIATIVES: 1. INDEPENDENT RESEARCH FUNDED BY THE FOUNDATION, 2. COLLABORATIVE RESEARCH WITH THE AMERICAN HEART ASSOCIATION THROUGH JOINT CONGENITAL HEART DEFECT RESEARCH AWARDS, 3. FUNDING THE AMERICAN ACADEMY OF PEDIATRICS' PEDIATRIC CARDIOLOGY RESEARCH FELLOWSHIP AWARD, AND 4. FUNDING CARDIAC NETWORKS UNITED (CNU), A NATIONAL PEDIATRIC AND CONGENITAL CARDIOVASCULAR RESEARCH NETWORK. CHF PROVIDED FUNDING FOR THE FOLLOWING INDEPENDENT RESEARCH:DR. YULI KIM, UNIVERSITY OF PENNSYLVANIA 2 YR. GRANT AWARD FUNDED BY CHF; MEND A HEART FOUNDATION FUND RESTRICTED FUNDS HEPATIC PERFUSION AND LIVER HEALTH AS ASSESSED BY DUAL CHOLATE CLEARANCE ASSAY IN FALD SUBMITTED BY YULI KIM, M.D., PERELMAN SCHOOL OF MEDICINE AT THE UNIVERSITY OF PENNSYLVANIA.DR. ROBERT TRANQUILLO, REGENTS OF THE UNIVERSITY OF MINNESOTA - TWIN CITIES, 2 YR. GRANT AWARD FUNDED BY CHF; APPROVED BY BOD IN 2024. GROWING TRANSCATHETER PULMONARY STENT VALVE FOR CONGENITAL HEART DISEASE SUBMITTED BY ROBERT TRANQUILLO, UNIVERSITY OF MINNESOTA TWIN CITIES.DR. YUN ZHANG, COLUMBIA UNIVERSITY IRVING MEDICAL CENTER 2 YR. GRANT AWARD FUNDED BY CHF; APPROVED BY BOD IN 2024. ADVANCING NEONATAL TETRALOGY OF FALLOT CARE WITH A COMPREHENSIVE EVALUATION FRAMEWORK SUBMITTED BY YUN ZHANG, COLUMBIA UNIVERSITY IRVING MEDICAL CENTER.THE CHILDREN'S HEART FOUNDATION PROVIDES FUNDING TO CARDIAC NETWORKS UNITED TO IMPROVE OUTCOMES FOR CHILDREN WITH CHDS. ONE OF CNU'S CURRENT RESEARCH EFFORTS - THE PAC3 CHEST TUBE PROJECT - IS NOW BEING IMPLEMENTED AT NEARLY 20 U.S. HOSPITALS AS RESEARCHERS CONSIDER THE OPTIMAL TIME FOR CHEST TUBE REMOVAL IN YOUNG CHD PATIENTS.THE AMERICAN ACADEMY OF PEDIATRICS PEDIATRIC CARDIOLOGY RESEARCH FELLOWSHIP AWARD WAS FUNDED IN 2024; HOWEVER, THE 2024 RECIPIENT WILL BE AWARDED IN 2025.

Program 2
Expenses: $174,296

AWARENESS CONGENITAL HEART WALKS: THE CHILDREN'S HEART FOUNDATION'S CONGENITAL HEART WALK SERIES IS THE NATION'S LARGEST WALK SERIES SOLELY DEDICATED TO RAISING AWARENESS AND FUNDS FOR CONGENITAL...

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AWARENESS CONGENITAL HEART WALKS: THE CHILDREN'S HEART FOUNDATION'S CONGENITAL HEART WALK SERIES IS THE NATION'S LARGEST WALK SERIES SOLELY DEDICATED TO RAISING AWARENESS AND FUNDS FOR CONGENITAL HEART DEFECT RESEARCH. 36 CONGENITAL HEART WALK EVENTS TOOK PLACE IN 2024. THE WALKS OFFER A CHANCE TO STRENGTHEN OUR COMMUNITY AND SPREAD AWARENESS ABOUT AMERICA'S MOST COMMON BIRTH DEFECT - CHDS, AND WE RAISED ALMOST $2,300,000!FUNDRAISING EVENTS AND CAMPAIGNS: VARIOUS FUNDRAISING EVENTS AND CAMPAIGNS TOOK PLACE THROUGHOUT 2024, INCLUDING #GIVINGTUESDAY, HEART MONTH, VOLUNTEER APPRECIATION MONTH, AND OUR MATCHING FROM THE HEART CAMPAIGN - ALL OF WHICH HELPED RAISE AWARENESS AND FUNDS OF THE CHILDREN'S HEART FOUNDATION'S CRITICAL MISSION.GENERAL AWARENESS: THE CHILDREN'S HEART FOUNDATION UTILIZES SOCIAL MEDIA AND VIDEO STORYTELLING TO SPREAD FURTHER AWARENESS OF CHDS AND CHF. OUR SOCIAL MEDIA EFFORTS FOCUS ON SHARING STORIES OF CHILDREN, ADULTS, AND FAMILIES IMPACTED BY CHDS, AS WELL AS TELLING OUR AUDIENCE ABOUT THE IMPORTANT RESEARCH EFFORTS WE ARE FUNDING. THESE TOOLS HELP US REACH PEOPLE WHO MAY NOT HAVE PREVIOUSLY KNOWN ABOUT OUR IMPORTANT WORK.

Program 3
Expenses: $151,281

ADVOCACY WE ENDEAVORED TO CREATE MORE AWARENESS OF THE NEED FOR ADVOCACY FOR THOSE WITH CHDS AND THEIR FAMILY MEMBERS BY TELLING THEIR STORY ON OUR WEBSITES, IN VIDEO, AND THROUGH SPECIAL BROADCAST...

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ADVOCACY WE ENDEAVORED TO CREATE MORE AWARENESS OF THE NEED FOR ADVOCACY FOR THOSE WITH CHDS AND THEIR FAMILY MEMBERS BY TELLING THEIR STORY ON OUR WEBSITES, IN VIDEO, AND THROUGH SPECIAL BROADCAST PRODUCTIONS, LIKE THE PBS VISIONARIES SERIES. OUR ADVOCACY EFFORTS FOCUS ON RAISING AWARENESS OF THE NEED FOR INCREASED FUNDING FOR RESEARCH, SURVIVIVAL,LONGEVITY AND QUALITY OF LIFE EFFORTS WHICH HAVE DRAMATICALLY INCREASED FOR CHD PATIENTS. THERE HAS BEEN A 37.5% DECREASE IN BABIES DYING AT BIRTH WHICH IS A TREMENDOUS RESULT, BUT WE KNOW THAT BABIES ARE STILL BEING BORN DAILY WITH CHDS.WE INTEND TO PROVIDE MORE EDUCATIONAL AND OUTREACH OPPORTUNITIES AROUND THE CURRENT ENVIRONMENT FOR CONGENITAL HEART DEFECTS. OUR ADVOCACY EFFORTS SEEK TO EDUCATE OUR COMMUNITIES ON THE SIGNIFICANCE OF CONGENITAL HEART DEFECTS AND ITS IMPACT ON INDIVIDUALS AND FAMILIES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,230,613
Program Service Revenue $0
Investment Income $75,268
Other Revenue $-695,873
TOTAL REVENUE $3,610,008

Expense Breakdown

Grants Paid $1,780,000
Salaries & Benefits $1,268,887
Fundraising Expenses $503,680
Program Expenses $2,870,219
Other Expenses $832,059
TOTAL EXPENSES $3,880,946

Year-over-Year Comparison

2024 2023 Change
Revenue $3,610,008 $3,378,951 +0.1%
Expenses $3,880,946 $3,133,076 +0.2%
Net Income $-270,938 $245,875 -2.1%
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
15
Independent Members
15
Employees
15
Volunteers
309

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
7
$267,156
Total Directors
17
$267,156
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABIGAIL RODDIE-HAMLIN PRESIDENT & CEO THROUGH 9/30/2024 40.00
Officer Director
$183,569 $23,587 $207,156
JEFF FRANCO INTERIM CEO BEGAN 10/1/2024 40.00
Officer Director
$60,000 $0 $60,000
TAMARA THOMAS BOARD CHAIR 10.00
Officer Director
$0 $0 $0
KEVIN SLAWIN IMMEDIATE PAST BOARD CHAIR 10.00
Officer Director
$0 $0 $0
KATHRYN OSTEEN CHAIR ELECT 10.00
Officer Director
$0 $0 $0
JIM BOLOTIN TREASURER 10.00
Officer Director
$0 $0 $0
LORI JONES SECRETARY 10.00
Officer Director
$0 $0 $0
DR NANCY GHANAYEM MEMBER 10.00
Director
$0 $0 $0
SALLY POWERS MEMBER 10.00
Director
$0 $0 $0
DANIELLE PRADAS MEMBER 10.00
Director
$0 $0 $0
WILLIAM ROACH MEMBER 10.00
Director
$0 $0 $0
MATTHEW SCHOENHOLTZ MEMBER 10.00
Director
$0 $0 $0
TAWANNA WILLIAMS MEMBER 10.00
Director
$0 $0 $0
KELLY WITTICH MEMBER 10.00
Director
$0 $0 $0
JASON YOUNG MEMBER 10.00
Director
$0 $0 $0
DR JOHN COSTELLO MEMBER 10.00
Director
$0 $0 $0
WILLIAM LYMAN MEMBER 10.00
Director
$0 $0 $0
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 $3,610,008 $3,880,946 $3,173,238 $-270,938
2023 $3,378,951 $3,133,076 $3,197,751 $245,875
2022 $3,888,384 $3,018,754 $3,615,825 $869,630
2021 $2,829,307 $2,550,795 $2,685,601 $278,512
2020 $2,304,515 $2,388,463 $1,986,794 $-83,948
2019 $2,655,287 $2,798,403 $2,160,928 $-143,116
2018 $2,557,668 $1,776,007 $1,809,346 $781,661
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