← CONVALESCENT HOSPITAL FUND FOR CHILDREN

Form 990 for tax year 2023

Filed by CONVALESCENT HOSPITAL FUND FOR CHILDREN.

Totals

Total revenue: $8,606,803
Total expenses: $16,560,800
Contributions and grants received: $3,557
Grants paid: $16,409,557
Program service revenue: $0
Investment income: $8,603,246
Other revenue: $0
Total assets, end of year: $212,041,568
Total liabilities, end of year: $28,400
Net assets or fund balances, end of year: $212,013,168
Program services expenses (Part IX): $16,409,557
Management and general expenses: $143,743
Fundraising expenses: $7,500
Program service expenses (Part III): $16,409,557

Program services were 99.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$3,557
1g · Noncash contributions included above

$0
2a · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2b · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2c · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2d · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2e · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $4,290,245 · related or exempt $0 · unrelated business $0 · excluded $4,290,245
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $23,310,908 · other assets $0
7b · Less cost or other basis and sales expenses

securities $18,997,907 · other assets $0
7c · Gain or loss

securities $4,313,001 · other assets $0
7d · Net gain or loss

total $4,313,001 · related or exempt $0 · unrelated business $0 · excluded $4,313,001
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11b · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11c · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $16,409,557 · program services $16,409,557
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $0 · program services $0 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $0 · program services $0 · management and general $0 · fundraising $0
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $250 · program services $0 · management and general $250 · fundraising $0
11c · Fees: accounting

total $28,400 · program services $0 · management and general $28,400 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $114,507 · program services $0 · management and general $114,507 · fundraising $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $0 · program services $0 · management and general $0 · fundraising $0
14 · Information technology

total $0 · program services $0 · management and general $0 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $0 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $0 · program services $0 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $586 · program services $0 · management and general $586 · fundraising $0
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $0 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $0 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: MISCELLANEOUS

total $7,500 · program services $0 · management and general $0 · fundraising $7,500
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $0
2 · Savings and temporary cash investments

beginning of year $577,959 · end of year $1,155,611
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $0 · end of year $9,327
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $185,454,348 · end of year $207,358,465
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $3,215,400 · end of year $3,518,165
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $28,400
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $355,226 · end of year $0
27 · Net assets without donor restrictions

beginning of year $176,142,863 · end of year $197,985,048
28 · Net assets with donor restrictions

beginning of year $12,749,618 · end of year $14,028,120
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE PURPOSE OF CONVALESCENT HOSPITAL FUND FOR CHILDREN IS TO PROVIDE FINANCIAL SUPPORT AND OTHERWISE OPERATE FOR THE BENEFIT AND SUPPORT OF CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER, WHOSE VISION IS TO BE THE LEADER IN IMPROVING CHILD HEALTH. CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER'S MISSION IS TO IMPROVE CHILD HEALTH AND TRANSFORM DELIVERY OF CARE THROUGH FULLY INTEGRATED, GLOBALLY RECOGNIZED RESEARCH, EDUCATION AND INNOVATION. FOR PATIENTS FROM THE COMMUNITY, THE NATION AND THE WORLD, THE CARE PROVIDED WILL ACHIEVE THE BEST MEDICAL AND QUALITY OF LIFE OUTCOMES, PATIENT AND FAMILY EXPERIENCE AND VALUE, TODAY AND IN THE FUTURE.

Activities or mission (Part I)

TO SUPPORT, ENABLE AND PROMOTE PROGRAMS AT CINCINNATI CHILDREN'S THAT ENSURE THE SUFFICIENCY OF ACCESS, THE HIGHEST QUALITY OF CLINICAL CARE, AND THE TOOLS AND SKILLS FOR THE PURSUIT OF PRODUCTIVE, INDEPENDENT LIFESTYLES FOR CHILDREN IMPACTED BY CHRONIC ILLNESS, BRAIN INJURY, DEVELOPMENTAL CHALLENGES AND MENTAL HEALTH CONDITIONS.

PROGRAM SERVICE ACCOMPLISHMENTS CONVALESCENT HOSPITAL FUND FOR CHILDREN ("CHFC") WAS FORMED FOR THE SOLE PURPOSE OF PROVIDING FINANCIAL SUPPORT TO CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER WHICH PARTICIPATES IN THE TREATMENT OF, OR RESEARCH INTO, DISEASES OR DISORDERS AFFECTING CHILDREN. DURING CHFC'S FISCAL YEAR OF JULY 1, 2023 THROUGH JUNE 30, 2024 (THE YEAR COVERED BY THIS RETURN), CHFC PROVIDED FINANCIAL SUPPORT AMOUNTING TO $16,409,557 TO CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER ("CCHMC"), AN OHIO NOT-FOR-PROFIT PEDIATRIC HOSPITAL LOCATED IN HAMILTON COUNTY, OHIO. ONGOING FINANCIAL SUPPORT IS PROVIDED FROM EXPENDABLE INCOME RECEIVED FROM INVESTMENTS OF RESTRICTED AND UNRESTRICTED FUNDS AND SPECIAL COMMITMENTS ARE FUNDED FROM PRINCIPAL BALANCES OF UNRESTRICTED FUNDS. IT IS THE POLICY OF CHFC TO INVEST SUCH ASSETS, THEREBY INCREASING FUND PRINCIPAL AND ENHANCING FUTURE EXPENDABLE INCOME. CCHMC UTILIZED THE FINANCIAL SUPPORT FROM CHFC TO SUPPORT THE OPERATING COSTS OF ITS PEDIATRIC REHABILITATION PROGRAM, ADOLESCENT PSYCHIATRIC SERVICES PROGRAM, DISABILITY SERVICES PROGRAM, PSYCHOLOGY ADHERENCE PROGRAM, SPECIAL NEEDS CHILDREN PROGRAM, AND TO SUPPORT THE GENERAL MENTAL AND BEHAVIORAL HEALTH AND LONG-TERM CARE OPERATIONS OF CCHMC. CHFC PROVIDED ADDITIONAL SUPPORT TO CCHMC FOR THE CONSTRUCTION OF A NEW FACILITY AT THE COLLEGE HILL CAMPUS, WHICH PROVIDES A WIDE RANGE OF SERVICES FOR PATIENTS WITH PSYCHIATRIC, PSYCHOLOGIC, MENTAL AND BEHAVIORAL HEALTH NEEDS.

Expenses $16,409,557 · Grants $16,409,557

As filed on the 2023 return.

Listed in Part VII

ALMA HELPLING

Treasurer

Total calculated

$0

Hours/week

1
DAVID CROALL

SECRETARY

Total calculated

$0

Hours/week

1
MARIE HUENEFELD

Vice-President

Total calculated

$0

Hours/week

1
PHILLIP C LONG

President

Total calculated

$0

Hours/week

1
SCOTT HAMLIN

Treasurer - through 12/31/2023

Total calculated

$0

Hours/week

1
SUSAN SHELTON

Chair

Total calculated

$0

Hours/week

1 + 1 related
Angela Barber-Joiner

Trustee

Total calculated

$0

Hours/week

1
C FRANCIS BARRETT

Trustee

Total calculated

$0

Hours/week

1
LEE A CARTER

Trustee

Total calculated

$0

Hours/week

1
MARIAN LEIBOLD

Trustee

Total calculated

$0

Hours/week

1
MARIANNE MILLER

Trustee

Total calculated

$0

Hours/week

1
MARK STEPANIAK

Trustee

Total calculated

$0

Hours/week

1
NANCY EIGEL-MILLER

Trustee

Total calculated

$0

Hours/week

1
NICK FARRELL

Trustee

Total calculated

$0

Hours/week

1
ROBERT D H ANNING

Trustee

Total calculated

$0

Hours/week

1 + 2 related
ROBERT H ANNING II

Trustee

Total calculated

$0

Hours/week

1
THOMAS WILLIAMS

Trustee

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Children's Hospital Medical Center

$16,409,557

Program Support

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Children's Hospital Medical Center

501(c)(3) · Healthcare · OH

Directly controlled by TCH

Provenance

Return type: form_990
Tax year: 2023
Filed: 12 May 2025
IRS schema version: 2023v6.0
Source object: 202541329349300949

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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