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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 04-2790699

Boston Children's Heart Foundation Inc

Boston, MANTEE: E122Founded 1983

mission statement

The Foundation provides an extensive range of evaluation services for patients (see Schedule O) with heart diseases, medical research, and educational services to Boston Children's Hospital and Harvard Medical School. The Foundation also provides care for patients in need of cardiology services, regardless of their ability to pay, as well as providing community based services.

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Total Revenue

$83.8M

FY 2023

Program Spending

96.7%

of total expenses

Known Funders

2019–2022 filings

Key Metrics (FY 2023)

The Numbers

$123.4M

Total Assets

$79.8M net

8.82 mo

Operating Reserves

FY 2023

+7%

Revenue Growth

YoY

102

Total Employees

FY 2023

Funding Track Record

Backed by 8 Institutional Funders

$30K raised across 11 grants (2019–2022 filings)

Funder Geography

Funders across 8 states (2019–2022 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
United Way Worldwide	ALEXANDRIA, VA	$11,090
Morgan Stanley Global Impact Funding Trust Inc	INDIANAPOLIS, IN	$10,000
Bess Spiva Timmons Foundation Inc	JOPLIN, MO	$4,444
Amazonsmile Foundation	SEATTLE, WA	$2,834
AbbVie Foundation	North Chicago, IL	$360
Christian and Katharine Roth Family Foundation	GREENWICH, CT	$326
The Warburg Pincus Foundation	NEW YORK, NY	$300
Armenia Empyrean Foundation	Wilmington, DE	$250

Total tracked: $29,604 across 11 grants (2019–2022 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2023)

What They Do

$103.4M in expenses

The Foundation provides cardiology services primarily to patients at Boston Children's Hospital and at satellite locations. The Foundation may charge for patient care and other medical services, provided that any net income be used for the charitable, scientific, and educational purposes for which the Foundation was created. The Foundation also provides care for patients regardless of their ability to pay, as well as providing hospital and community based services that are either unavailable or limited elsewhere in the community.

$1.5M in expenses

The Foundation receives income from Boston Children's Hospital for providing administration, supervision, and teaching services. The Foundation carries on and promotes basic and applied medical research and education in the field of cardiology by teaching students and other medical and scientific personnel; by providing or supplementing income to research personnel through fellowships, research grants, and stipends; and by giving lectures and publishing information concerning conditions and research results in the field of pediatric cardiology in order to educate the general public and the medical profession.

Financial History

Revenue Over Time

Governance (FY 2023)

Leadership

Eduardo da Cruz MD

Cardiologist

Tal Geva MD

President

John Kheir MD

Cardiologist

Ravi Thiagarajan MD

Dept. Chief

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