Norton Children's Hospital Foundation
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
Norton Children's Hospital Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
The Children’s Hospital Foundation, now doing business as Norton Children’s Hospital Foundation, is the philanthropic arm of Norton Children’s Hospital. Its mission is to enhance pediatric patient care by raising funds to support program and services for Norton Children’s Hospital in the areas of capital equipment; clinical research; child advocacy and health education for patients, parents/caregivers, physicians, staff, and the community.
Year, State Incorporated:
1962, KY
Also Known As:
Children's Hospital Foundation
The Norton Children’s Hospital Foundation supports the work of Norton Children’s Hospital, which cares for the children from all 120 counties in the Commonwealth of Kentucky, at least 35 counties in Southern Indiana and throughout the region. Norton Children’s Hospital is Kentucky’s only full-service, free-standing pediatric tertiary care facility dedicated exclusively to caring for children, regardless of their family’s ability to pay, as well as being an advocate for children’s health and well-being. This 300-bed hospital is also home to the state's only Poison Control Center. Norton Children’s has achieved national, regional, and state recognition for innovations in care including pioneering treatment for scoliosis; being the second site in the country to complete a successful infant heart transplant, creating regional treatment programs for congenital heart disease, and establishing one of the largest plasmapheresis centers in the country It recently received a Level 1 certification in pediatric surgery, one of only 28 such programs in the United States and the first in Kentucky. Norton Children’s operates the region’s only Congenital Heart Program, and its 101-bed Neonatal Intensive Care unit is one of only two units in Kentucky designated as a Level 4, the highest level of intensive care for neonates. The Norton Children’s Hospital Foundation supports all programs and services at Norton Children’s Hospital as this children’s hospital is home to a broad range of distinctive and premier clinical services, including its flagship Institute programs, which include the Norton Children's Heart Institute, Norton Children’s Cancer Institute, and Wendy Novak Diabetes Institute.
For the year ended December 31, 2021, Norton Children's Hospital Foundation's program expenses were:
| Programs | $9,723,305 |
| Capital projects | $1,951,643 |
| Financial assistance | $159,306 |
| Faculty support | $64,094 |
| Total Program Expenses | $11,898,348 |
Chief Executive
Lynnie Meyer , Chief Development Officer
Chair of the Board
Ms. Marita A. Willis
Chair's Profession / Business Affiliation
President of Community Engagement, Community Ventures
Board Size
30
Paid Staff Size
24
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals, Internet, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Norton Children's Hospital Foundation's audited financial statements for the year ended December 31, 2021.
Source of Funds
| Donations and gifts | $13,033,465 |
| Investment gain | $8,290,625 |
| Change in beneficial interest in trusts held by others | $1,783,227 |
| Change in net unrealized gains on investments | $1,674,001 |
| Other revenue | $867,511 |
| Transfers (to) from affiliates | $403,171 |
| Bequests | $392,009 |
| Adjustment to provision for uncollectible pledges | $24,691 |
| Other, net | $-6,828 |
| Total Income | $26,461,872 |
Programs: 76% Fundraising: 5% Administrative: 19%
| Total Income | $26,461,872 |
| Total expenses: | $15,730,211 |
| Program expenses | $11,898,348 |
| Fundraising expenses | $833,513 |
| Administrative expenses | $2,998,350 |
| Other expenses | $0 |
| Income in Excess of Expenses | $10,731,661 |
| Beginning Net Assets | $107,725,582 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $118,457,243 |
| Total Liabilities | $3,495,204 |
| Total Assets | $121,952,447 |
Total assets as reported above include $25,373 invested in equipment, net.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB serving Greater Kentucky and South Central Indiana