Nonprofit · EIN 41-1814223
CHILDRENS HEALTH CARE FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $25,529,747 | $22,283,949 | $3,245,798 | $106,560,425 | $12,540,879 | $94,019,546 |
| December 31, 2023 | 990 | $23,897,083 | $22,806,144 | $1,090,939 | $95,877,018 | $7,279,423 | $88,597,595 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $18,703,790
- Program service revenue
- $0
- Investment income
- $5,146,400
- Net gain from sales of assets
- $2,208,311
- Net income from fundraising events
- -$321,067
- Net income from gaming
- $7,967
- Other revenue
- $1,679,557
Expenses
- Grants and similar amounts paid
- $16,724,624
- Compensation of officers, directors and key employees
- $1,186,578
- Other salaries and wages
- $1,663,428
- Salaries, compensation and benefits (total)
- $3,498,845
- Professional fundraising fees
- $0
- Travel
- $38,138
- Depreciation
- $11,971
- Program services (functional)
- $16,724,624
- Management and general (functional)
- $2,400,292
- Fundraising (functional)
- $3,159,033
Balance sheet and other
- Total assets, start of year
- $95,877,018
- Total assets, end of year
- $106,560,425
- Total liabilities, end of year
- $12,540,879
- Net assets, end of year
- $94,019,546
- Land, buildings and equipment
- $17,077
- Publicly traded securities
- $58,394,709
- Net assets with donor restrictions
- $94,019,546
- Gross receipts
- $46,636,641
- Employees
- 31
- Volunteers
- 154
- Year formed
- 1995
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC GORELICK | PRESIDENT AND CEO Trustee or director, Officer | 1 | $0 | $3,659,536 | $496,534 |
| BRENDA MCCORMICK | SVP & CFO Officer | 1 | $0 | $945,454 | $50,152 |
| JENNY SODERHOLM | CDO & FOUNDATION PRESIDENT Officer | 32 | $226,391 | $420,441 | $32,244 |
| EMILY PRYOR WINTON | DEPUTY GEN COUNSEL, BOARD SECRETARY Officer | 1 | $0 | $288,319 | $43,946 |
| ANNIE WATERS | VP FOUNDATION OPERATIONS Key employee | 50 | $303,504 | $0 | $26,095 |
| SHANNON REINKE | VP PROSPECT DEV & DATA SVCS Highest-paid employee | 50 | $214,932 | $0 | $12,484 |
| ROBERT KING | SR DIRECTOR OF DEVELOPMENT Highest-paid employee | 50 | $169,071 | $0 | $19,668 |
| DANIEL LANTZ | DIR OF FOUNDATION OPERATIONS Highest-paid employee | 50 | $117,013 | $0 | $31,066 |
| DEB DRESSELY | MANAGER PROSPECT DEVELOPMENT Highest-paid employee | 50 | $112,050 | $0 | $29,287 |
| ASHLEY LAWSON | SR COMM ENGAGEMENT OFFICER Highest-paid employee | 50 | $116,384 | $0 | $15,607 |
| ANN MCGARRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JERYN KONEZNY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARIA TROJE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARTY BASSETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NESTOR JARAMILLO | BOARD MEMBER, VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
28 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICO WYROBEK | BOARD MEMBER, TREASURER Trustee or director, Officer | 1 | $0 |
| REBECCA LIEBERMAN | BOARD MEMBER, CHAIR Trustee or director, Officer | 1 | $0 |
| SHARON MURPHY GARBER | BOARD MEMBER THRU DEC. 24 Trustee or director | 1 | $0 |
| JACQUELINE LLOYD CUNNINGHAM | BOARD MEMBER Trustee or director | 1 | $0 |
| SIMONE HARDENMAN-JONES | BOARD MEMBER Trustee or director | 1 | $0 |
| MARA RYAN | BOARD MEMBER Trustee or director | 1 | $0 |
| TAWNYA STEWART | BOARD MEMBER Trustee or director | 1 | $0 |
| ARCHELLE GEORGIOU | BOARD MEMBER Trustee or director | 1 | $0 |
| RYAN BARTLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| JON BIERMANN | BOARD MEMBER Trustee or director | 1 | $0 |
| TRACI BRANSFORD | BOARD MEMBER Trustee or director | 1 | $0 |
| TERRY CLARK | BOARD MEMBER Trustee or director | 1 | $0 |
| JESSICA HENRICHS | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIANA KOCH | BOARD MEMBER Trustee or director | 1 | $0 |
| RAQUEL MELO | BOARD MEMBER Trustee or director | 1 | $0 |
| CATHY MUGGEE | BOARD MEMBER Trustee or director | 1 | $0 |
| ANNE NOVAK | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE RYAN | BOARD MEMBER Trustee or director | 1 | $0 |
| STEPHANIE THOMES | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL LAPADAT | BOARD MEMBER THRU MAY 24 Trustee or director | 1 | $0 |
| CHASE HAWKINS | BOARD MEMBER THRU FEB. 24 Trustee or director | 1 | $0 |
| JOE FRANCIS | BOARD MEMBER Trustee or director | 1 | $0 |
| ERIN HERMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JULIE MCDONOUGH | BOARD MEMBER Trustee or director | 1 | $0 |
| HAO NGUYEN | BOARD MEMBER Trustee or director | 1 | $0 |
| NAWAL NOOR | BOARD MEMBER Trustee or director | 1 | $0 |
| EMILY REITAN | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRIS HARRINGTON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 52 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC GORELICK MD | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 | $1,732,513 | $356,578 |
| BRENDA MCCORMICK | SVP & CFO Trustee or director, Officer | 1 | $0 | $916,032 | $44,336 |
| JENNIFER SODERHOLM | CDO & FOUNDATION PRESIDENT Trustee or director, Officer | 32 | $430,279 | $231,688 | $31,213 |
| ANNIE WATERS | VP FOUNDATION OPERATIONS Key employee | 50 | $333,329 | $0 | $29,382 |
| EMILY PRYOR WINTON | DEPUTY GENERAL COUNSEL, BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $284,348 | $39,047 |
| JOSLYN BIEVER | VP PHILANTHROPY Key employee | 50 | $271,872 | $0 | $21,868 |
| TERI CANNON | DIRECTOR OF DEVELOPMENT Highest-paid employee | 50 | $148,453 | $0 | $35,008 |
| DANIEL LANTZ | SR MGR GIFT ADMIN & IT Highest-paid employee | 50 | $141,886 | $0 | $32,818 |
| DEB DRESSELY | MANAGER PROSPECT DEV Highest-paid employee | 50 | $115,768 | $0 | $28,006 |
| ASHLEY LAWSON | SR MAJOR GIFT OFFICER Highest-paid employee | 50 | $121,416 | $0 | $15,460 |
| BRADY GERVAIS | MAJOR GIFT OFFICER Highest-paid employee | 50 | $111,915 | $0 | $15,331 |
| ANN MCGARRY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANNE NOVAK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ARCHELLE GEORGIOU | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN BEH | BOARD MEMBER, TREASURER THRU 1/23 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRIANA KOCH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CATHY MUGGEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES MAXWELL | BOARD MEMBER, PAST CHAIR THRU 1/23 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRIS HEDBERG | BOARD MEMBER, PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIN HERMAN | BOARD MEMBER THRU 1/23 Trustee or director | 1 | $0 | $0 | $0 |
| EVA SPENNY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GARY BLACKFORD | BOARD MEMBER THRU 8/23 Trustee or director | 1 | $0 | $0 | $0 |
| JACQUELINE LLOYD CUNNINGHAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES WEED | BOARD MEMBER THRU 2/23 Trustee or director | 1 | $0 | $0 | $0 |
| JAY CAVANAGH | BOARD MEMBER THRU 1/23 Trustee or director | 1 | $0 | $0 | $0 |
| JERYN KONEZNY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JESSICA HENRICHS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JON BIERMANN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARA RYAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARIA TROJE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARTY BASSETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MAY THAO-SCHUCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MOLLY BIEDENFELD | BOARD MEMBER THRU 1/23 Trustee or director | 1 | $0 | $0 | $0 |
| MONIQUE DEWOLF | BOARD MEMBER THRU 1/23 Trustee or director | 1 | $0 | $0 | $0 |
| NESTOR JARAMILLO | BOARD MEMBER, VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICO WYROBEK | BOARD MEMBER, TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICOLE JOHNSON | BOARD MEMBER THRU 1/23 Trustee or director | 1 | $0 | $0 | $0 |
| PAUL LAPADAT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RAQUEL MELO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| REBECCA LIEBERMAN | BOARD MEMBER, CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RUSSELL BECKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RYAN BARTLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SHANNON KING | BOARD MEMBER THRU 1/23 Trustee or director | 1 | $0 | $0 | $0 |
| SHARON MURPHY GARBER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SIMONE HARDENMAN-JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEPHANIE THOMES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEVE HOCKETT | BOARD MEMBER THRU 1/23 Trustee or director | 1 | $0 | $0 | $0 |
| STEVE RYAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TAWNYA STEWART | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TERRY CLARK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TRACI BRANSFORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WALTER WHITE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2525 CHICAGO AVE, MINNEAPOLIS, MN 55404-4518
- In care of
- % BRENDA MCCORMICK SVP & CFO
- Principal officer (990 for 2024)
- BRENDA MCCORMICK, 2525 CHICAGO AVENUE SOUTH, MINNEAPOLIS, MN 55404
- Signed the 990
- BRENDA MCCORMICK, SVO & CFO
- Phone
- (612) 813-6000
- Website
- WWW.CHILDRENSMN.ORG
- Return prepared by
- KPMG LLP
Mission
CHILDREN'S HEALTH CARE FOUNDATION SUPPORTS THE MISSION OF CHILDREN'S HEALTH CARE BY RAISING FINANCIAL RESOURCES FROM THE COMMUNITY THAT ARE LEVERAGED TO PROVIDE HIGH-QUALITY, FAMILY CENTERED PEDIATRIC HEALTHCARE.
Program accomplishments
- PROGRAM: CHILDREN'S HEALTH CARE FOUNDATION (THE FOUNDATION) SUPPORTS THE MISSION OF CHILDREN'S HEALTH CARE DBA CHILDREN'S HOSPITALS AND CLINICS (CHILDREN'S), BY OBTAINING FINANCIAL RESOURCES THAT ARE LEVERAGED TO CHAMPION THE SPECIAL NEEDS OF CHILDREN AND THEIR FAMILIES AND TO IMPROVE CHILDREN'S HEALTH BY PROVIDING HIGH-QUALITY, FAMILY CENTERED PEDIATRIC SERVICES. THE FOUNDATION IS THE FUNDRAISING ARM FOR CHILDREN'S, WHICH FORMED IN 1924, AND IS ONE OF THE LARGEST CHILDREN'S HEALTH CARE ORGANIZATIONS IN THE U.S., WITH 462 STAFFED BEDS AT OUR TWO HOSPITAL CAMPUSES IN ST PAUL AND MINNEAPOLIS. SEE SCHEDULE O.Expenses $14,860,842 · grants $14,860,842 · revenue $1,992,657
- CAPITAL: CAPITAL SUPPORT PROVIDES FUNDS TO PURCHASE EQUIPMENT AND RELATED SUPPLIES AND SERVICES, OR TO MAKE CAPITAL IMPROVEMENTS. SUCH ACTIVITIES MUST 1) ADVANCE THE MISSION OF CHILDREN'S AND 2) HAVE POTENTIAL FOR SIGNIFICANT OR LONG-TERM IMPACT.Expenses $1,121,791 · grants $1,121,791
- RESEARCH: THE PURPOSE OF FUNDING RESEARCH AT THE CHILDREN'S HEALTH CARE IS TO SUPPORT A SYSTEMATIC INVESTIGATION, INCLUDING RESEARCH DEVELOPMENT, TESTING, AND EVALUATION, DESIGNED TO DEVELOP OR CONTRIBUTE TO GENERALIZED KNOWLEDGE. CURRENTLY, CHILDREN'S HAS MORE THAN 348 ONGOING RESEARCH STUDIES AND PROGRAMS.Expenses $741,991 · grants $741,991
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1814223
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E120)
- Assets (IRS master file)
- $106,560,425
- Income (IRS master file)
- $46,636,641
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $25,529,747 | $22,283,949 | $106,560,425 | XML |
| 990 | December 2023 | $23,897,083 | $22,806,144 | $95,877,018 | XML |
| 990 | December 2022 | $24,259,448 | $20,384,224 | $87,926,238 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1814223).
Questions about CHILDRENS HEALTH CARE FOUNDATION
- What is the EIN of CHILDRENS HEALTH CARE FOUNDATION?
- The employer identification number (EIN) of CHILDRENS HEALTH CARE FOUNDATION is 41-1814223.
- Is CHILDRENS HEALTH CARE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to CHILDRENS HEALTH CARE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHILDRENS HEALTH CARE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHILDRENS HEALTH CARE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHILDRENS HEALTH CARE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHILDRENS HEALTH CARE FOUNDATION?
- The 990 for the year ended December 31, 2024 names BRENDA MCCORMICK.
- Who are the officers and directors of CHILDRENS HEALTH CARE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 43 people; 7 received compensation from the organization.
- How much revenue does CHILDRENS HEALTH CARE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $25,529,747, expenses of $22,283,949 and total assets of $106,560,425 at year end.
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