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CHILDRENS MEMORIAL FOUNDATION
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2300 Children's Plaza
#4
Chicago,
IL
60614
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GENERAL INFORMATION
Who We Are
Children's Memorial Foundation secures contributions that advance the mission of Children's Memorial Medical Center.
- This organization is a 501(c)(3)
Public Charity
.
- This organization is required to file an IRS Form 990 or 990-EZ.
- Financial information in this report is derived from the organization's August 31, 2008
Form 990.
- Additional narrative information in this report was last supplied by the organization on January 21, 2005.
- It makes its audited financial statements available to the public upon request.
- Contributions are deductible, as provided by law.
How to Help
This organization is seeking funds from contributions and grants. These funds will be used for unrestricted operating expenses, special projects, building improvements and endowments.
Location(s) Served
-
E24—Hospital (Specialty)
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E11—Single Organization Support
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E12—Fund Raising and/or Fund Distribution
| EIN: |
36-3357006 |
| Year Founded: |
1882 |
| Ruling Year: |
1987 |
| Fiscal Year: |
August 31, 2008
|
| Assets: |
$471,286,756 (from Aug 31, 2008 Form 990) |
| No. of Board Members: |
Information not available |
| No. of Full-Time Employees: |
0 |
| No. of Part-Time Employees: |
0 |
| No. of Volunteers: |
0 |
Chief Executive
Mr. Thomas J. Sullivan
BOARD OF DIRECTORS
Name |
Title |
| Molly South |
Ex-Officio Director |
| H Blair White |
Senior Director |
| Arlington Guenther |
Director |
| Todd D Libbra |
Director |
| Thomas J Nathan |
Director |
| Lisbeth C Stiffel |
Director |
| Eleanor Evangelides |
Director w/o vote |
| Charles W Douglas |
Director |
| Holly K Duran |
Director |
| Adam C Cooper |
Director |
| Diane C Holmes MD |
Ex-Officio Director |
| David Yeager |
Senior Director |
| Mrs Charles F Clarke Jr |
Director |
| Steven H Mogul |
Director |
| Joseph P Nolan |
Director |
| Gordon B Allan |
Director |
| John P Amboian Jr |
Senior Director |
| Peter K Shagory |
Director |
| Stuart M Savitz |
Director |
| James W Purcell |
Director |
| Kenneth A Viellieu |
Director |
| Leon G Epstein MD |
Director |
| Beth Wessel |
Director |
| Marleta Reynolds MD |
Ex-Officio Director |
| Don Yannias |
Director |
| J Christopher Reyes |
Ex-Officio Director |
| Norman Ross |
Senior Director |
| Maureen C DeRose |
Director |
| Brian L Newman |
Director |
| Walter C Florence |
Director |
| Theodore D Foxman |
Director |
| David D Grumhaus Jr |
Director |
| Tyrone C Fahner |
Director |
| Alice G Archabal |
VP and COO, Foundation |
| Donna Wetzler |
Corporate Secretary |
| Roslynne Supera |
Director |
| David P Purcell |
Director |
| John J Greisch |
Director |
| Alan Freeman |
Director |
| Randolph T Abrahams |
Director |
| Monsignor Kenneth Velo |
Director |
| Alan Schriesheim PhD |
Senior Director |
| Malcolm S Kamin |
Ex-Officio Director |
| John F Manley |
Vice Chair & Director |
| Christopher G Boehm |
Director |
| Mrs W Newton Burdick Jr |
Senior Director |
| Patrick M Magoon |
Ex-Officio Director |
| Louis B Susman |
Senior Director |
| Robert Feldgreber |
Ex-Officio Director |
| Leticia Peralta Davis |
Director |
| Mimi Murley |
Director |
| Mrs Dale R Pinkert |
Director |
| Kathleen Archibald Simon |
Director |
| Emily L Barr |
Director |
| Edward T Kennedy |
Director |
| Lester Crown |
Vice Chair/Director |
| Robert F Carr III |
Director |
| Leslie H Newman |
Ex-Officio Director |
| Robin H Steinhorn MD |
Director |
| Mitchell J Manassa |
Director |
| Scott Peltz |
Director |
| Peter J Haleas |
Director |
| Alan Chapman |
Director |
| Jill Brennan |
Director |
| Ruth Geller |
Director |
| William F Aldinger |
Senior Director |
| Thomas J Sullivan |
President & Ex-Officio Dir |
| James R Donnelley |
Senior Director |
| John A Hatherly |
Director |
| David Bunning |
Director |
| Joseph D Gutman |
Senior Director |
| James A Kuehnle Jr |
Director |
| Elizabeth LaBorde |
SNR VP & COO, Foundation |
| Melvin Gray |
Director |
| Thomas R Reusch |
Director |
| Michael Reinsdorf |
Director |
| John V Crowe |
Senior Director |
| Daniel J Hennessy |
Chair/Director |
| Linda S Wolf |
Director |
| Robert E Sarazen |
Director |
| Mark L Prager |
Director |
| Lisa Gregg Mitchell |
Ex-Officio Director |
| Edward Wanandi |
Director |
| Ross S Laser |
Director |
| Michael S Canmann |
Director |
| Eric P Lefkofsky |
Director |
| Thomas M Tully |
Senior Director |
| Clare Morrison |
Ex-Officio Director |
| Richard A Heise Jr |
Director |
| John O Doerge Jr |
Director |
| Thomas D Grusecki |
Director |
| Craig C Randall |
Director |
| Steven D Fifield |
Senior Director |
| Warren L Batts |
Senior Director |
| Scott Eisen |
Director |
| Daniel P Sullivan |
Director |
| Ellen S Robbins |
Director |
| Michael P Goldman |
Director |
| Stanley F Martin |
Director |
| Irwin Benuck MD |
Director |
| William A Hayes |
Ex-Officio Director |
| Joseph W Shenton Jr |
Director |
| Roxanne M Martino |
Director |
| Thomas P Green MD |
Ex-Officio Director |
| Edward S Ogata MD |
Ex-Officio Director |
| Jerrold P Jacks |
Director |
| Orren Pickell |
Director |
| Robert D Horne |
Director |
| John J Buttita |
Director |
| Kirk B Johnson |
Director |
| Paula H Crown |
Director |
| Sherwood Zellermayer |
Chief Communications Officer |
| Susan B DePree |
Director |
| Shelley A Longmuir |
Senior Director |
| Peter Willmott |
Senior Director |
| Anne Dias Griffin |
Senior Director |
| Zachary D Lazar Jr |
Director |
| Louise C Mills |
Director |
| Arthur G Hailand Jr |
Senior Director |
| Joseph F Scoby |
Director |
| Donald R Wilson Jr |
Director |
| Michael B Klein |
Director |
| John D Ziegelman |
Director |
| Peer Pedersen |
Director |
| Constantine Mavroudis MD |
Ex-Officio Director |
| Jay D Doherty |
Director |
| W Rick Stearns |
Director |
| Gordon I Segal |
Senior Director |
| Ms Jia Zhao |
Director |
| Steven C Hall MD |
Director |
| David G McLone MD |
Director |
| Theodore J Novak |
DIRECTOR |
| James M Jenness |
Senior Director |
| Charles H James III |
Director |
| Lorna S Langdon |
Director |
| Ilana Seligman MD |
Ex-Officio Director |
| David G Herro |
Director |
| Gary E Holdren |
Director |
| William J Ryan |
Director |
| Robert P Knight |
Senior Director |
| Lyle Logan |
Director |
| Robert S Murley |
Vice Chair & Director |
| Michelle Parekh |
Director |
| Lisa Naparstek Green |
Director |
| G Anthony Lorenz |
Director |
| Gary Wolfson |
Ex-Officio Director |
| T Sands Thompson |
Director |
| Edward J Wehmer |
Director |
| Peter D McDonald |
Director |
| Robert J Winter Jr |
Director |
| William J McKenna |
Director |
| Vicki S Heyman |
Director |
| Elzie L Higginbottom |
Senior Director |
| Maureen M Raihle |
Director |
| James A Gray |
Director |
| Nancy Rotering |
Director |
| Luis E Lewin |
Director |
| Paula M Noble |
Treasurer |
| Timothy M Hurd |
Director |
| John D Cooney |
Director |
| Derry Shoemaker |
Vice Chair/Director |
| Lauren Holinger MD |
Director |
| Fred L Krehbiel |
Director |
| John S Vishneski III |
Director |
| Michael Borkowski |
Director |
| Thomas Coleman Jr |
Director |
| Gregory H Sachs |
Director |
| Thomas J Kotel |
Director |
| Anthony K Kesman |
Director |
MISSION AND PROGRAMS
Mission
Children's Memorial Hospital is dedicated to the health and well-being of all children. As the pediatric teaching facility of Northwestern University's Feinberg School of Medicine, this commitment drives us to be a leader in:
Pediatric health care delivery
Research into the prevention, causes and treatment of diseases that affect children
Education for physicians, nurses and allied health professionals
Advocacy for the general well-being of all children.
Programs
Staffed with top pediatric specialists and award-winning nurses, we are Illinois' only freestanding hospital exclusively for kids. We offer the newest technologies, provide kid-focused experiences and dedicate ourselves to the health and well-being of all children. With 1,100 pediatric specialists focusing on 70 specialties in multiple locations, Children's Memorial routinely provides more care to more young people than any other Chicago-area hospital or medical center. We're accredited by the Joint Commission on Accreditation of Healthcare Organizations. We're also consistently ranked as Illinois' top pediatric hospital and one of the nation's best by U.S News & World Report.
Staffed with top pediatric specialists and award-winning nurses, we are Illinois' only freestanding hospital exclusively for kids. Licensed for 270 beds, Children's Memorial cares for the most critically ill kids. We work to facilitate care following patient hospital stays. Through our licensed home care agency, Children's Memorial Home Health, LLC, we provide cost-effective, quality home care and when possible, prevent hospitalization. We also are home to Children's Memorial Research Center, one of the nation's premier centers for pediatric research, investing more dollars and resources in pediatric research than any other area hospital. We have one of the country's most sought-after pediatric residency programs, serving as the primary pediatric teaching hospital of Northwestern University's Feinberg School of Medicine.
Through our advocacy programs, we focus on violent injury prevention, unintentional injury prevention, HIV/AIDS, chronic illnesses, parenting education, youth mentoring and access to care. To support hospitalized children and their families emotionally, socially and developmentally, Children's Memorial's Family Services offers a wide range of creative and educational programs, activities and resources, many of which are supported by philanthropy.
Inside the hospital, the Janice and Kimberly Brown Family Life Center offers inpatients and their families a quiet refuge to be together outside the patient's room and benefit from the healing powers of family love. The center offers age-appropriate activities and resources for people of all ages, including a business center for parents and the Liz and Jules Stiffel Atrium Play Area. Beneath a large domed skylight, this play area creates a "medical free zone" inside the hospital. One dedicated toll-free telephone number (1.800.KIDS DOC) is staffed by pediatric nurses who help parents find an appropriate physician, schedule appointments, get directions and learn more about hospital programs, services and specialties. KIDS DOC also offers toll-free access to our Parent Advice Line, a pre-recorded directory of more than 1,100 pediatric health topics ranging from bee stings and nosebleeds to child discipline.
Our Volunteer Resources Department provides mutually rewarding hospital and community support. About 1,200 volunteers in more than 100 assignments provided patients, their families and employees with more than 70,000 hours of service in fiscal year 2002.
Philanthropic support is crucial in sustaining hospital's quality excellence and leadership in meeting needs of children/families. In fiscal year 2002, 32,000 donors contributed $29.6 million to support hospital programs and services. Charity care totaled $24 million
GOALS AND RESULTS
Accomplishments for Fiscal Year Ending August 31, 2004
- Children served 94,137
Inpatient admissions 9,089
Outpatient visits 334,465
- July 2004 -- For the past 12 years, Children's Memorial Hospital has been named one of the top pediatric hospitals in the country, according to physicians surveyed by U.S. News & World Report. Children's Memorial is ranked in the top ten nationally and the number one pediatric hospital in Illinois.
- April 27, 2004, Children's Memorial Institute for Education and Research creates Center on Obesity Management and Prevention
Objectives for Fiscal Year Beginning September 1, 2004
- Plan for replacement in-patient physical facility.
FINANCIAL DATA
Revenues and Expenses: Fiscal Year Ending August 31, 2008
| REVENUE |
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| Contributions |
$51,640,114 |
| Government Grants |
$0 |
| Program Services |
$171,806 |
| Investments |
$14,803,955 |
| Special Events |
($1,769,564) |
| Sales |
$0 |
| Other |
$0 |
| Total Revenue |
$64,846,311 |
| EXPENSES |
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| Program Services |
$11,513,328 |
| Administration |
$65,641 |
| Other |
$14,030,066 |
| Total Expenses |
$25,609,035 |
| Net Gain/Loss |
$39,237,276 |
Balance Sheet: Fiscal Year Ending August 31, 2008
Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
| ASSETS |
September 1, 2007 |
August 31, 2008 |
Change |
| Cash & Equivalent |
$4,067,314 |
$10,056,292 |
$5,988,978 |
| Accounts Receivable |
$0 |
$0 |
$0 |
| Pledges & Grants Receivable |
$115,939,907 |
$112,157,128 |
($3,782,779) |
| Receivable / Other |
$0 |
$0 |
$0 |
| Inventories for Sale of Use |
$50,000 |
$50,000 |
$0 |
| Investment/Securities |
$338,497,214 |
$322,882,226 |
($15,614,988) |
| Investment/Other |
$0 |
$157,140 |
$157,140 |
| Fixed Assets |
$1,348,541 |
$1,343,341 |
($5,200) |
| Other |
$29,299,988 |
$24,640,629 |
($4,659,359) |
| Total Assets |
$489,202,964 |
$471,286,756 |
($17,916,208) |
| LIABILITIES |
September 1, 2007 |
August 31, 2008 |
Change |
| Accounts Payable |
$4,179,235 |
$6,903,235 |
$2,724,000 |
| Grants Payable |
$0 |
$0 |
$0 |
| Deferred Revenue |
$0 |
$0 |
$0 |
| Loans and Notes |
$0 |
$0 |
$0 |
| Tax-Exempt Bond Liabilities |
$0 |
$0 |
$0 |
| Other |
$31,721,084 |
$17,084,089 |
($14,636,995) |
| Total Liabilities |
$35,900,319 |
$23,987,324 |
($11,912,995) |
| FUND BALANCE |
$453,302,645 |
$447,299,432 |
($6,003,213) |
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