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← FOUNDATION FOR CHILDRENS CARE

Form 990 for tax year 2023

Filed by FOUNDATION FOR CHILDRENS CARE.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$253,153
Total liabilities, end of year
$298,369
Net assets or fund balances, end of year
-$45,216
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

Balance sheet

Part X, book values.

  • 15 · Other assets

    beginning of year $246,147 · end of year $253,153

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,216 · end of year $45,216

  • 25 · Other liabilities

    beginning of year $246,147 · end of year $253,153

  • 27 · Net assets without donor restrictions

    beginning of year -$45,216 · end of year -$45,216

Mission and programs · 2023

Mission

FOUNDATION FOR CHILDREN'S CARE IS A NOT-FOR-PROFIT PUBLIC BENEFIT CORPORATION THAT HAS BEEN IN OPERATION SINCE 2001. ITS PRIMARY PURPOSE IS TO SUPPORT THE CHARITABLE ACTIVITIES OF UCSF BENIOFF CHILDREN'S HOSPITALS FOUNDATION.

Activities or mission (Part I)

FOUNDATION FOR CHILDREN'S CARE IS A NOT-FOR-PROFIT PUBLIC BENEFIT CORPORATION THAT HAS BEEN IN OPERATION SINCE 2001. ITS PRIMARY PURPOSE IS TO SUPPORT THE CHARITABLE ACTIVITIES OF UCSF BENIOFF CHILDREN'S HOSPITAL FOUNDATION.

  • SUPPORTING THE CHARITABLE ACTIVITIES OF UCSF BENIOFF CHILDREN'S HOSPITALS FOUNDATION.

As filed on the 2023 return.

Listed in Part VII

  • Matthew Cook

    PRESIDENT (THRU 09/23)

    Total calculated
    $1,133,373
    From this org
    $0
    From related orgs
    $1,088,246
    Other
    $45,127
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $954,374 related
    Bonus
    $0 + $133,872 related
    Other
    $0
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $18,727 related
    Filer's total
    $0 + $1,133,373 related

  • Erin Hickey

    SECRETARY

    Total calculated
    $569,756
    From this org
    $0
    From related orgs
    $566,600
    Other
    $3,156
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $565,640 related
    Bonus
    $0
    Other
    $0 + $960 related
    Deferred
    $0 + $3,012 related
    Nontaxable benefits
    $0 + $144 related
    Filer's total
    $0 + $569,756 related

  • Teddy Wang

    TREASURER

    Total calculated
    $577,841
    From this org
    $0
    From related orgs
    $532,108
    Other
    $45,733
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $478,076 related
    Bonus
    $0 + $54,032 related
    Other
    $0
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $19,333 related
    Filer's total
    $0 + $577,841 related

  • Nichloas Holmes MD

    PRESIDENT (START 03/24)

    Total calculated
    $0
    Hours/week
    0.1 + 39.9 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

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE PURPOSE OF THE EXECUTIVE VARIABLE COMPENSATION PROGRAM (EVCP) IS TO FOCUS EXECUTIVES ON SPECIFIC, ANNUAL GOALS THAT ARE CRITICAL TO THE SUCCESS OF THE HOSPITAL AND ITS SUSTAINABILITY FOR THE FUTURE. THE EVCP IS DESIGNED TO ALIGN THE INTERESTS OF ALL BOARD AND EXECUTIVE STAKEHOLDERS TOWARDS THE MISSION, VISION AND GOALS OF THE HOSPITAL. THE BOARD OF DIRECTORS APPROVED THIS PLAN. IN ORDER FOR ANY BONUSES TO BE PAID THROUGH THE EVCP, THE GOALS WHICH ARE BASED ON A COMBINATION OF OVERALL HOSPITAL-WIDE ORGANIZATIONAL PERFORMANCE, DEPARTMENTAL, AND INDIVIDUAL PERFORMANCE MUST BE MET. THE MIX OF THESE CATEGORIES IN THE CALCULATION MAY DIFFER BY EXECUTIVE POSITION, A MAXIMUM BONUS OF 30% OF SALARY PER YEAR MAY BE EARNED FOR ACCOMPLISHMENTS OF GOALS. THE PARTICIPANT MUST ALSO BE AN EMPLOYEE IN GOOD STANDING AT THE TIME THE AWARD IS PAID.

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

No itemized grants to organizations 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 corporations and trusts

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

  • CHARITABLE REMAINDER TRUSTS

    T · HOLDING CO · CA

    Directly controlled by FOUNDATION FOR CHILDREN'S CARE

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202541299349302064

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