CHILDREN'S HOSPITAL FOUNDATION

EIN: 521640402 501(c)(3) Health Care

WASHINGTON, DC

Total Revenue
$123,280,101
Total Expenses
$69,506,636
Total Assets
$803,568,231
Net Assets
$801,139,072
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
DC
Principal Officer
MICHELLE RILEY-BROWN MHA
Phone
2024764888
Tax Period
2022-07-01 to 2023-06-30

CHILDREN'S HOSPITAL FOUNDATION, founded in 1989, is a major nonprofit in the Health Care sector that reported $123.3M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $53.8M, a strong 44% operating margin.

Mission

CHILDREN'S HOSPITAL FOUNDATION DBA CHILDREN'S NATIONAL HOSPITAL FOUNDATION SUPPORTS WORLD CLASS CARE AND RESEARCH FOR THE NATION'S CHILDREN. CHILDREN'S NATIONAL HOSPITAL FOUNDATION ("THE FOUNDATION") SERVES AS THE FUNDRAISING ARM FOR CHILDREN'S NATIONAL MEDICAL CENTER DBA CHILDREN'S NATIONAL IN WASHINGTON, DC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $108,485,897
Program Service Revenue $0
Investment Income $16,269,444
Other Revenue $-1,475,240
TOTAL REVENUE $123,280,101

Expense Breakdown

Grants Paid $43,950,277
Salaries & Benefits $13,751,964
Fundraising Expenses $14,562,211
Program Expenses $43,950,277
Other Expenses $10,315,982
TOTAL EXPENSES $69,506,636

Year-over-Year Comparison

2022 2021 Change
Revenue $123,280,101 $111,153,608 +0.1%
Expenses $69,506,636 $69,037,221 +0.0%
Net Income $53,773,465 $42,116,387 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
N/A
Volunteers
282

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
5
$5,273,465
Total Directors
12
$3,026,703
Key Employees
1
$1,061,535
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KURT D NEWMAN MD PRESIDENT / CEO (CNMC) TO 6/23 2.00
Officer Director
$0 $52,949 $3,026,703
AMY BAIER BOARD CHAIRMAN 2.00
Officer Director
$0 $0 $0
CARRIE MARRIOTT BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
BRIGG BUNKER BOARD MEMBER 1.00
Director
$0 $0 $0
DEBRA COLEMAN BOARD MEMBER FROM 7/22 1.00
Director
$0 $0 $0
JEAN-MARIE FERNANDEZ BOARD MEMBER 1.00
Director
$0 $0 $0
MAE H GRENNAN BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS LLOYD BOARD MEMBER 1.00
Director
$0 $0 $0
JIMMY REYES BOARD MEMBER 1.00
Director
$0 $0 $0
HORACIO ROZANSKI BOARD MEMBER 1.00
Director
$0 $0 $0
LAUREN TALARICO-COHEN DVM BOARD MEMBER 1.00
Director
$0 $0 $0
MEI XU BOARD MEMBER FROM 7/22 1.00
Director
$0 $0 $0
ALDWIN LINDSAY EVP/CFO 2.00
Officer
$0 $124,440 $1,192,718
MARY ANNE HILLIARD BOARD SECRETARY 2.00
Officer
$0 $109,508 $1,054,044
DEANN MARSHALL PRESIDENT OF FOUNDATION 53.00
Key Emp
$0 $52,819 $1,061,535
JESSICA L MILEY FOUNDATION VICE PRESIDENT 55.00
Highest
$0 $31,936 $536,077
JULIE S BUTLER VP OF DEVELOPMENT 55.00
Highest
$0 $40,242 $364,114
LESLIE SCHRADER CHIEF MARKETING & COMM. OFFICER 55.00
Highest
$0 $40,587 $355,658
ARMIN DOROUDIAN AVP BIZ. INTEL & DATA SCIENCE 55.00
Highest
$0 $12,643 $320,004
SHELLEY COOKE AVP ANNUAL & PLANNED GIVING 55.00
Highest
$0 $24,259 $303,715
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $123,280,101 $69,506,636 $803,568,231 $53,773,465
2022 $111,153,608 $69,037,221 $689,362,489 $42,116,387
2021 $82,832,640 $51,013,227 $768,707,580 $31,819,413
2020 $168,029,658 $51,700,840 $635,483,996 $116,328,818
2019 $68,738,712 $49,898,297 $658,543,149 $18,840,415
2018 $114,194,642 $50,436,162 $660,659,027 $63,758,480
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