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Nonprofiteer
← VALLEY CHILDRENS HEALTHCARE FOUNDATION

Form 990 for tax year 2023

Filed by VALLEY CHILDRENS HEALTHCARE FOUNDATION.

Totals

Total revenue
$29,959,516
Total expenses
$27,306,687
Contributions and grants received
$27,290,127
Grants paid
$23,247,524
Program service revenue
$0
Investment income
$2,921,869
Other revenue
-$252,480
Total assets, end of year
$45,572,150
Total liabilities, end of year
$631,617
Net assets or fund balances, end of year
$44,940,533
Program services expenses (Part IX)
$23,247,524
Management and general expenses
$1,412,917
Fundraising expenses
$2,646,246
Program service expenses (Part III)
$23,247,524

Program services were 85.1% 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

    $3,549,244

  • 1c · Fundraising events

    $839,006

  • 1f · All other contributions, gifts and grants

    $22,901,877

  • 1g · Noncash contributions included above

    $12,320

  • 3 · Investment income

    total $816,964 · excluded $816,964

  • 7a · Gross sales of assets other than inventory

    securities $18,843,497

  • 7b · Less cost or other basis and sales expenses

    securities $16,738,592

  • 7c · Gain or loss

    securities $2,104,905

  • 7d · Net gain or loss

    total $2,104,905 · excluded $2,104,905

  • 8a · Fundraising events: gross income

    $292,334

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

    $839,006

  • 8b · Fundraising events: direct expenses

    $544,814

  • 8c · Net income from fundraising events

    total -$252,480 · excluded -$252,480

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $23,247,524 · program services $23,247,524

  • 7 · Other salaries and wages

    total $2,100,533 · management and general $746,262 · fundraising $1,354,271

  • 8 · Pension plan contributions

    total $187,943 · management and general $51,641 · fundraising $136,302

  • 9 · Other employee benefits

    total $384,570 · management and general $168,389 · fundraising $216,181

  • 10 · Payroll taxes

    total $118,558 · management and general $36,751 · fundraising $81,807

  • 11a · Fees: management

    total $13,183 · management and general $13,183

  • 11c · Fees: accounting

    total $19,780 · management and general $19,780

  • 11e · Fees: professional fundraising services

    total $406,776 · fundraising $406,776

  • 11f · Fees: investment management

    total $249,506 · management and general $249,506

  • 11g · Fees: other

    total $229,745 · management and general $20,104 · fundraising $209,641

  • 12 · Advertising and promotion

    total $10,000 · management and general $2,500 · fundraising $7,500

  • 13 · Office expenses

    total $97,749 · management and general $6,166 · fundraising $91,583

  • 17 · Travel

    total $30,922 · management and general $29,632 · fundraising $1,290

  • 19 · Conferences, conventions and meetings

    total $4,047 · management and general $4,047

  • 22 · Depreciation, depletion and amortization

    total $15,739 · management and general $15,739

  • 23 · Insurance

    total $19,676 · management and general $4,919 · fundraising $14,757

  • 24a · Other expenses: TAXES & LICENSES

    total $55,341 · management and general $14,702 · fundraising $40,639

  • 24b · Other expenses: BANK CHARGES

    total $24,860 · management and general $6,245 · fundraising $18,615

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $8,469 · management and general $2,117 · fundraising $6,352

  • 24e · All other expenses

    total $81,766 · management and general $21,234 · fundraising $60,532

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300 · end of year $300

  • 3 · Pledges and grants receivable

    beginning of year $3,575,464 · end of year $3,875,310

  • 9 · Prepaid expenses and deferred charges

    beginning of year $423,309 · end of year $369,707

  • 10a · Land, buildings and equipment: cost or other basis

    $235,242

  • 10b · Land, buildings and equipment: accumulated depreciation

    $176,447

  • 10c · Land, buildings and equipment, net

    beginning of year $72,936 · end of year $58,795

  • 11 · Investments: publicly traded securities

    beginning of year $22,402,046 · end of year $23,896,378

  • 12 · Investments: other securities

    beginning of year $10,728,872 · end of year $16,376,750

  • 15 · Other assets

    beginning of year $1,622,005 · end of year $994,910

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,363 · end of year $631,617

  • 19 · Deferred revenue

    beginning of year $265,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,653,963 · end of year $1,367,521

  • 28 · Net assets with donor restrictions

    beginning of year $36,783,606 · end of year $43,573,012

Mission and programs · 2023

Mission

VALLEY CHILDREN'S HEALTHCARE FOUNDATION IS A CHARITABLE TAX-EXEMPT ORGANIZATION BENEFITING VALLEY CHILDREN'S HEALTHCARE AND ITS AFFILIATED ENTITIES. THE FOUNDATION'S MISSION IS TO GENERATE FUNDS TO SUPPORT THE GOALS OF VALLEY CHILDREN'S HEALTHCARE AND ITS AFFILIATED ENTITIES.

Activities or mission (Part I)

TO GENERATE FUNDS TO SUPPORT THE GOALS OF VALLEY CHILDREN'S HEALTHCARE AND ITS AFFILIATED ENTITIES.

  • DISTRIBUTION TO VALLEY CHILDREN'S HOSPITAL, A NONPROFIT 501(C)(3) ORGANIZATION, FOR EQUIPMENT AND OPERATIONAL EXPENSES: $22,807,166

    Expenses $22,807,166 · Grants $22,807,166

  • DISTRIBUTION TO VALLEY CHILDREN'S MEDICAL GROUP, A NONPROFIT 501(C)(3) ORGANIZATION, FOR EQUIPMENT AND OPERATIONAL EXPENSES: $440,358

    Expenses $440,358 · Grants $440,358

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAN ADAMS

    CHAIR (THRU 10/23)

    Total calculated
    $10,000
    From this org
    $0
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    0.6 + 1.8 related

  • KEN RAMOS VICE CHAIR

    (THRU 12/23), CHAIR (AS OF 1/24)

    Total calculated
    $0
    Hours/week
    0.6

  • ERIN BERBERIAN-GLEASON

    BOARD MEMBER

    Total calculated
    $92,070
    From this org
    $0
    From related orgs
    $88,879
    Other
    $3,191
    Hours/week
    0.6 + 16 related

  • LINDA BLISS SECRETARY

    (THRU 12/23),VICE CHAIR (AS OF 1/24)

    Total calculated
    $0
    Hours/week
    0.6

  • MICHAEL CARR

    SECRETARY (AS OF 1/24)

    Total calculated
    $0
    Hours/week
    0.6

  • KIM RUIZ-BECK

    BOARD MEMBER (THRU 12/23)

    Total calculated
    $0
    Hours/week
    0.6

  • BLAIR CUNNINGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • PAUL MCDOUGAL

    BOARD MEMBER (THRU 12/23)

    Total calculated
    $0
    Hours/week
    0.6

  • PATRICK MURPHY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • CAREN MYERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • SKIP NUGENT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • DEBBIE SMADES-HENES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • RICHARD SHEHADEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • KEVIN WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • KATHY HORSTMANN-HUEBERT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • LANCE MOUW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • TERANCE FRAZIER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • JR SHANNON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • ROBERT SAROYAN

    PRESIDENT

    Total calculated
    $821,836
    From this org
    $0
    From related orgs
    $702,102
    Other
    $119,734
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $436,074 related
    Bonus
    $0 + $93,607 related
    Other
    $0 + $172,421 related
    Deferred
    $0 + $100,347 related
    Nontaxable benefits
    $0 + $19,387 related
    Filer's total
    $0 + $821,836 related

  • CONNIE MCCLASKEY

    BOARD MEMBER (THRU 12/23)

    Total calculated
    $0
    Hours/week
    0.6

  • MARLA MCCLASKEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6

  • TINA MYCROFT

    TREASURER, CFO (AS OF 10/23)

    Total calculated
    $420,301
    From this org
    $0
    From related orgs
    $409,219
    Other
    $11,082
    Hours/week
    3 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,848 related
    Bonus
    $0 + $99,658 related
    Other
    $0 + $41,713 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,082 related
    Filer's total
    $0 + $420,301 related

  • MICHELE R WALDRON FORMER

    TREASURER, FORMER CFO

    Total calculated
    $1,452,533
    From this org
    $0
    From related orgs
    $1,405,362
    Other
    $47,171
    Hours/week
    3 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $506,380 related
    Bonus
    $0 + $476,624 related
    Other
    $0 + $422,358 related
    Deferred
    $0 + $30,180 related
    Nontaxable benefits
    $0 + $16,991 related
    Filer's total
    $0 + $1,452,533 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
VALLEY CHILDREN'S HOSPITAL, A RELATED ORGANIZATION, HAS THREE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS INCLUDING 1) A NONCONTRIBUTORY, NONQUALIFIED DEFERRED COMPENSATION PLAN FOR A SELECT GROUP OF MANAGEMENT CALLED THE DEFINED CONTRIBUTION SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN (DCSERP), 2) A SPLIT DOLLAR LIFE INSURANCE PROGRAM USED AS A RETENTION TOOL FOR CERTAIN KEY EXECUTIVES. PARTICIPANTS OF THIS PROGRAM FORFEIT ELIGIBILITY FOR THE DCSERP AND 3) AN ADDITIONAL DEFERRED COMPENSATION PLAN BENEFITTING CERTAIN KEY EXECUTIVES (457F RT). MICHELE WALDRON PARTICIPATES IN THE SPLIT-DOLLAR LIFE INSURANCE PROGRAM. DCSERP PAYOUT AND EMPLOYER ACCRUAL TO THE DCSERP FOR CALENDAR YEAR 2023 ARE AS FOLLOWS: ROBERT SAROYON - DCSERP PAYOUT $68,163; ACCRUAL $70,167

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202532269349301948

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