Texas Childrens Hospital Foundation in Houston, Texas (TX)

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Texas Childrens Hospital Foundation
Employer Identification Number (EIN)202380599
Name of OrganizationTexas Childrens Hospital Foundation
In Care of NameYolanda C Knull
Address6621 Fannin St, Houston, TX 77030-2303
SubsectionCharitable Organization
Ruling Date11/2005
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,478,207,215
Amount of Income$308,148,669
Form 990 Revenue Amount$44,103,955
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Single Organization Support


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Amount of income in 2012: $308,148,669
This organization: 

 $308,148,669
Other organizations performing similar types of work: 

 $475,628

Assets in 2012: $1,478,207,215
Texas Childrens Hospital Foundation: 

 $1,478,207,215
Other organizations performing similar types of work: 

 $882,851

Expenses in 2007: $4,499,437
This organization: 

 $4,499,437
Other organizations performing similar types of work: 

 $2,117,062

Income to expenses ratio in 2007: 26.5
Texas Childrens Hospital Foundation: 

 26.5
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 68.3%
Texas Childrens Hospital Foundation: 

 68.3%
Other organizations performing similar types of work: 

 81.7%

Grants share in income in 2007: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 52.7%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200520062007
Total revenue$12,984,471$91,261,391$119,146,085
Contributions, gifts, grants, and similar amounts received$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$0$0$0
Dividends and interest from securities$7,410,160$18,635,186$30,925,837
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$1,569,731$14,360,720$9,099,863
Gain or (loss) from sales of assets other than inventory$3,998,921$58,265,485$79,120,385
Gross amount from sales of assets other than inventory$110,291,023$195,971,312$564,506,062
Less: cost or other basis and sales expenses$106,292,102$137,705,827$485,385,677
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$5,659$0$0
Total expenses$4,181,264$6,013,084$4,499,437
Program services$2,356,590$3,392,057$3,071,763
Management and general$1,824,674$2,621,027$1,427,674
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$702,825,703$792,111,234$1,389,173,874
Excess or (deficit) for the year$8,803,207$85,248,307$114,646,648
Net assets or fund balances at beginning of year$0$702,825,703$792,111,234
Other changes in net assets or fund balances$694,022,496$4,037,224$482,415,992
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,499,437$3,071,763$1,427,674$0
Grants paid from donor advised funds$0
Other grants and allocations$3,071,763
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$1,427,674$0$1,427,674$0
Balance Sheets
200520062007
Total assets$708,731,401$801,051,901$1,389,351,537
Cash - non-interest-bearing$0$8,071,133$22,993,237
Savings and temporary cash investments$9,087,891$0$0
Accounts receivable less allowance for doubtful accounts$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Investments - publicly-traded securities$791,897,787$1,365,216,143
Investments - other securities$699,020,987$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0
Other assets, including program-related investments$622,523$1,082,981$1,142,157
Total liabilities$5,905,698$8,940,667$177,663
Accounts payable and accrued expenses$358,150$0$72,024
Grants payable$5,546,821$8,938,878$103,850
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$0
Other liabilities$727$1,789$1,789
Total liabilities and net assets/fund balances$708,731,401$801,051,901$1,389,351,537
Total net assets or fund balances$702,825,703$792,111,234$1,389,173,874
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200520062007
Total revenue$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200520062007
Total expenses$0$0$0
Total expenses and losses per audited financial statements$0$0$0
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$119,146,085$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$30,925,837$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$9,099,863$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$79,120,385$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
741100555Texas Childrens HospitalYes$3,071,763
Total$3,071,763
Support Schedule
200420052006
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$26,824,777
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$39,132,741
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net loss from sales of assets other than inventory$-12,307,964
Gross amount from sales of assets other than inventory (Securities / Other)$52,367,998 / $0
Less: cost or other basis and sales expenses (Securities / Other)$64,675,962 / $0
Gain or (loss) (Securities / Other)$-12,307,964 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$6,578,979
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$6,578,979
Balance Sheet (for 2011)
Total assets$1,371,144,754
Total liabilities$176,395,763
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$176,395,763
Total net assets or fund balances$1,194,748,991
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Mayo Foundation For Medical Education & Research200 First Street Sw, Rochester, MN 55905-0001MN1985-06$985,418,611
2University Of Virginia Physicians Group500 Ray C Hunt Dr, Charlottesvle, VA 22903-2981VA1980-12$369,390,764
3Texas Childrens Hospital Foundation6621 Fannin St, Houston, TX 77030-2303TX2005-11$308,148,669
4Barnabas Health Inc95 Old Short Hills Rd, West Orange, NJ 07052-1008NJ1985-05$151,925,044
5Presbyterian Systems CorporationNew York, NY 10021NY$144,992,896
6Childrens Hospital And Health System Foundation IncPO BOX 1997, Milwaukee, WI 53201-1997WI1985-03$136,970,130
7Texas Childrens Hospital FoundationHouston, TX 77230TX$84,280,223
8Cmc Foundation Of Central Texas, Childrens Medical Center4900 Mueller Blvd, Austin, TX 78723-3079TX2009-08$13,601,314
9St Paul FoundationDallas, TX 75235TX$1,466,571
10Santa Fe Memorial FdnBelton, TX 76513TX$82,688
11Harris County Hospital District Foundation2525 Holly Hall St, Houston, TX 77054-4124TX1994-02$22,584,851
12St Joseph Services Corporation, St Joseph Health System2801 Franciscan Dr, Bryan, TX 77802-2544TX1946-03$9,656,849
13Mary Crowley Cancer Foundation1700 Pacific Ave Ste 1100, Dallas, TX 75201-7307TX2009-06$1,191,892
14John Peter Smith Hospital Auxiliary, E T C Gift Shop1500 S Main St, Fort Worth, TX 76104-4917TX2002-02$644,901
15Frontera Healthcare NetworkPO BOX 989, Eden, TX 76837-0989TX2000-02$367,794
16Mission Hospital Foundation900 S Bryan Rd, Mission, TX 78572-6613TX2002-11$183,866
17Memorial Hospital Southeast Aux11800 Astoria Blvd, Houston, TX 77089-6041TX1994-11$177,051
18Matagorda Regional Medical Center Foundation104 7th St, Bay City, TX 77414-4853TX2004-09$158,827
19Brownsville Crippled Children Foundation Inc1901 E 22nd St, Brownsville, TX 78521-2956TX1991-04$133,669
20Northeast Medical Center Hospital Auxiliary Gift Shop18951 N Memorial Dr, Humble, TX 77338-4217TX2000-07$99,544
Number of organizations performing similar types of work
Alaska4
Alabama1
Arkansas8
Arizona9
California44
Colorado11
Connecticut5
District of Columbia4
Delaware1
Florida22
Georgia18
Hawaii8
Iowa13
Idaho4
Illinois33
Indiana12
Kansas7
Kentucky12
Louisiana13
Massachusetts15
Maryland8
Maine2
Michigan25
Minnesota21
Missouri25
Mississippi1
Montana5
North Carolina12
North Dakota6
Nebraska7
New Hampshire1
New Jersey15
New Mexico1
Nevada4
New York48
Ohio31
Oklahoma13
Oregon12
Pennsylvania26
Rhode Island5
South Carolina12
South Dakota4
Tennessee6
Texas50
Utah4
Virginia20
Vermont3
Washington16
Wisconsin18
West Virginia6
Wyoming5
International11
Total667

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