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Children's Hospital of Pittsburgh Foundation

aka UPMC Children's Hospital Foundation   |   Pittsburgh, PA   |  www.givetochildrens.org
GuideStar Charity Check

Children's Hospital of Pittsburgh Foundation

EIN: 25-1865744


Mission

Children's Hospital of Pittsburgh Foundation is the sole fundraising arm of UPMC Children's Hospital of Pittsburgh. The Foundation exists to provide financial support for the hospital's mission of improving the health and well-being of children, teenagers, and young adults through excellence in patient care, teaching, research, and advocacy.

Ruling year info

2001

President and Chief Development Officer

Rachel Petrucelli

Main address

4401 Penn Avenue

Pittsburgh, PA 15224 USA

Show more contact info

EIN

25-1865744

Subject area info

Hospital care

Pediatrics

Population served info

Children and youth

NTEE code info

Hospitals and Primary Medical Care Facilities (E20)

Pediatrics Research (H98)

Raising & Fund Distribution (Pun)

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

About UPMC Children's Hospital Foundation

UPMC Children's Hospital Foundation is the catalyst that unites communities and contributors to create healthier futures for all children through life-changing care and cutting-edge research. As the sole fundraising arm of UPMC Children's Hospital of Pittsburgh, we support their vision of being the world leader in pediatric health care, education, and discovery. The Foundation is a public charity under 501(c)(3) and 170(b)(1)(A) of the Internal Revenue Service Code. For more information, visit www.givetochildrens.org

Population(s) Served
Children and youth

Parents face plenty of worries, but whether or not they can afford their child's health care should never be one of them. Children's provides care to sick children in our region, regardless of their families' insurance or ability to pay through the generous donations made to the Free Care Fund.

Population(s) Served
Children and youth

Where we work

Awards

Honor Roll of Best Children's Hospitals 2023

U.S. News & World Report

EMRAM Stage 7 Recognition 2023

Healthcare Information and Management Systems Society

Top 20 Most Beautiful Hospitals 2023

Soliant

Leader in Healthcare Equality 2022

Human Rights Campaign Foundations Healthcare Equality Index

Top Childrens Hospital for Patient Safety and Quality 2022

The Leapfrog Group

Magnet Recognition for Nursing Excellence 2022

The American Nurses Credentialing Center

Top 15 Childrens Hospital in Innovation and Technology 2021

PARENTS Magazine

Financials

Children's Hospital of Pittsburgh Foundation
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

58.04

Average of 75.33 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

1.5

Average of 5.2 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

19%

Average of 22% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Children's Hospital of Pittsburgh Foundation

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Children's Hospital of Pittsburgh Foundation

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

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 survive long, but the types of assets and liabilities must also 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.

Fiscal year ending: cloud_download Download Data

Children's Hospital of Pittsburgh Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Children's Hospital of Pittsburgh Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $2,305,128 -$10,992,723 $48,304,961 -$33,648,089 $11,579,576
As % of expenses 7.7% -31.4% 128.5% -79.1% 27.6%
Unrestricted surplus (deficit) after depreciation $2,305,128 -$10,992,723 $48,304,961 -$33,648,089 $11,579,576
As % of expenses 7.7% -31.4% 128.5% -79.1% 27.6%
Revenue composition info
Total revenue (unrestricted & restricted) $37,852,457 $57,530,912 $48,355,470 $65,119,589 $58,978,636
Total revenue, % change over prior year -7.0% 52.0% -15.9% 34.7% -9.4%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 11.4% 9.0% 9.7% 9.7% 12.5%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 74.2% 41.2% 53.6% 68.4% 86.6%
Other revenue 14.5% 49.8% 36.7% 21.9% 0.9%
Expense composition info
Total expenses before depreciation $29,765,602 $35,039,929 $37,605,776 $42,538,367 $42,022,127
Total expenses, % change over prior year 3.6% 17.7% 7.3% 13.1% -1.2%
Personnel 18.1% 13.8% 12.3% 11.4% 13.2%
Professional fees 3.4% 4.5% 3.2% 4.4% 5.0%
Occupancy 0.5% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 72.1% 78.5% 82.0% 78.8% 78.3%
All other expenses 5.8% 3.3% 2.5% 5.4% 3.5%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $29,765,602 $35,039,929 $37,605,776 $42,538,367 $42,022,127
One month of savings $2,480,467 $2,919,994 $3,133,815 $3,544,864 $3,501,844
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $32,246,069 $37,959,923 $40,739,591 $46,083,231 $45,523,971

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 0.8 0.3 0.4 1.8 1.5
Months of cash and investments 115.2 94.9 116.5 88.3 98.3
Months of estimated liquid unrestricted net assets 56.2 43.9 56.4 40.3 44.1
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $2,027,703 $843,990 $1,186,571 $6,451,806 $5,403,657
Investments $283,741,891 $276,224,883 $363,951,773 $306,594,342 $338,755,300
Receivables $14,911,069 $11,504,817 $8,381,323 $19,165,509 $30,320,784
Gross land, buildings, equipment (LBE) $992,960 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 100.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.9% 1.5% 0.8% 1.0% 1.4%
Unrestricted net assets $139,289,584 $128,296,861 $176,601,822 $142,953,733 $154,533,309
Temporarily restricted net assets $103,122,492 N/A N/A N/A N/A
Permanently restricted net assets $67,296,915 N/A N/A N/A N/A
Total restricted net assets $170,419,407 $167,147,868 $207,733,975 $197,188,123 $226,248,610
Total net assets $309,708,991 $295,444,729 $384,335,797 $340,141,856 $380,781,919

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President and Chief Development Officer

Rachel Petrucelli

Number of employees

Source: IRS Form 990

Children's Hospital of Pittsburgh Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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Children's Hospital of Pittsburgh Foundation

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Children's Hospital of Pittsburgh Foundation

Board of directors
as of 01/24/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Vanessa Morehouse

Vanessa Morehouse

Gregory J. Weimer

Rachel A. Petrucelli

Gregory M. Keegan

Martha H. Munsch, Esq.

Bryan C. Brantley, Esq.

John P. Burke

Lalit Chordia, PhD

Jay W. Cleveland Jr.

Ronald R. Davenport Jr.

Douglas P. Dick

Mary Jo Dively, Esq.

Anita Dressel

Lawrence N. Gumberg

Howard W. Hanna III

B. Scott Kern, Esq.

Dena LaMar

Greg Lignelli

L. Douglas Lioon

Joseph P. Lohman

Ramsey Lyons

Gerald F. MacCleary

Joseph M. Manganiello

George V. Mazariegos, MD, FACS

Stephanie McMahon

David L. Motley

Albert J. Neupaver

Sloan Overstrom

Denise M. Pampena

Robert A. Pietrandrea

Dorothy J. Pollon, MBA, JD

Michael K. Popper

Kevin M. Rabbitt

Clifford R. Rowe Jr.

C. Lance Ruttenberg

Mark G. Schoeppner

Anantha Shekhar, MD, PhD

Kelley Skoloda

Mark A. Snyder

Rebecca Cost Snyder

John A. Staley V

Joan Rossin Stephans

Alba Tull

Walter W. Turner

Joseph C. Walton

Terence S. Dermody, MD

George K. Gittes, MD

Diane S. Hupp, DNP, RN, NEA-BC, FAAN

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser