Boston Childrens Heart Foundation
97% goes to programs $0 to raise $100 Strong reserves Growing revenue
Boston Childrens Heart Foundation is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1984, with $83,816,049 in FY2023 revenue. CharityIndex grades it C+, and it directs about 97% of spending to programs.
300 Longwood Ave, Boston, MA, 02115 EIN 04-2790699 Since 1984
Revenue (FY2023)
$83.8M
▲ 6.5% vs prior year
Health median: $840K
Expenses (FY2023)
$108.6M
Net assets
$79.8M
Employees
102
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating97% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Boston Childrens Heart Foundation: 97% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating9 mo reserves · -30% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Boston Childrens Heart Foundation: 9 mo reserves · -30% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Boston Childrens Heart Foundation: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Boston Childrens Heart Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
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.
Contact & location
- Address
- 300 Longwood Ave, Boston, MA, 02115
- City
- Boston
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $52.8M (FY2016) to $83.8M (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $43.6MNet assets $79.8M
Operating margin
-29.5%
Spent more than it raised in the latest fiscal year.
Total assets
$123.4M
Total liabilities
$43.6M
Net assets
$79.8M
Salaries & benefits
$67.3M
62% of expenses
Board members
9
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $83,816,049▲6.5% | $108,556,978▲49.4% | $79,759,734▼31.6% | $123,374,546▼13.1% | 990 |
| 2022 | $78,694,629▲12.1% | $72,651,656▲11.5% | $116,576,236▲17.0% | $142,002,293▲18.4% | 990 |
| 2021 | $70,199,923▲2.3% | $65,171,871▲2.0% | $99,635,448▼3.3% | $119,898,157▼8.0% | 990 |
| 2020 | $68,634,327▲25.9% | $63,891,633▲25.4% | $103,080,933▲36.0% | $130,311,137▲28.6% | 990 |
| 2019 | $54,530,838▼10.4% | $50,967,691▼3.6% | $75,807,666▲14.7% | $101,329,197▲10.6% | 990 |
| 2018 | $60,888,121▲17.1% | $52,876,032▲8.3% | $66,069,040▲2.8% | $91,588,887▲9.5% | 990 |
| 2017 | $52,009,929▼1.4% | $48,810,924▼17.2% | $64,240,849▲20.2% | $83,665,559▼4.3% | 990 |
| 2016 | $52,774,638 | $58,965,099 | $53,453,606 | $87,455,944 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Eduardo Da Cruz Md — $938,457 (0.86% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Eduardo Da Cruz Md | Cardiologist | 60 | $938,457 |
| Tal Geva Md | President | 55 | $836,994 |
| John Kheir Md | Cardiologist | 60 | $608,370 |
| Ravi Thiagarajan Md | Dept. Chief | 60 | $553,340 |
| Edward P Walsh Md | Cardiologist | 60 | $548,526 |
| Jane Newburger Md | Dept. Chief | 60 | $542,903 |
| John Triedman Md | Director (10/23-2/24) | 60 | $530,858 |
| Andrew J Powell Md | Cardiologist | 60 | $511,407 |
| Elizabeth Blume Md | Cardiologist | 60 | $510,427 |
| Roger E Breitbart Md | Dept. Chief | 60 | $488,161 |
| John Salvin Md | Director (3/24-9/24) | 60 | $463,063 |
| Sarah D De Ferranti Md | Secretary/clerk (10/23-2/24) | 60 | $439,977 |
| Michael Day Md | Director (3/24-9/24) | 60 | $425,883 |
| Kimberly Mills Md | Director (10/23-2/24) | 60 | $424,587 |
| Rahul Rathod Md | Treasurer | 60 | $391,387 |
| Michael J Farias Md | Director (3/24-9/24) | 60 | $377,469 |
| Christina Vanderpluym Md | Director | 60 | $372,220 |
| Michelle Gurvitz Wichman Md | Director (3/24-9/24) | 60 | $361,599 |
| David Kane Md | Director (10/23-2/24) | 60 | $349,698 |
| David Schidlow Md | Director (10/23-2/24) | 60 | $323,713 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Boston Medical Center Health System | Physician Services | $183,291 |
Grants received · $21K total
3 grants to Boston Childrens Heart Foundation totaling $21K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2020 | $10,000 |
| United Way Worldwide | General charitable operations | 2020 | $5,840 |
| United Way Worldwide | Health | 2019 | $5,250 |
Grants made · $26.8M in FY2023
2 grants totaling $26.8M in FY2023. All grants made by Boston Childrens Heart Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Childrens Hospital Corporation | General support | $26,748,860 |
| American Heart Association Inc | General support | $7,500 |
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Frequently asked questions
- Is Boston Childrens Heart Foundation a legitimate nonprofit?
- Yes. Boston Childrens Heart Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2790699, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Boston Childrens Heart Foundation's EIN?
- Boston Childrens Heart Foundation's Employer Identification Number (EIN) is 04-2790699.
- How much revenue does Boston Childrens Heart Foundation report?
- Boston Childrens Heart Foundation reported $83,816,049 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Boston Childrens Heart Foundation's spending goes to programs?
- Boston Childrens Heart Foundation spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Boston Childrens Heart Foundation have?
- CharityIndex grades Boston Childrens Heart Foundation C+, based on program efficiency and fundraising cost.
- How much does Boston Childrens Heart Foundation's highest-paid employee make?
- The highest reported compensation on Boston Childrens Heart Foundation's latest Form 990 is $938,457, paid to Eduardo Da Cruz Md (Cardiologist).
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Data for Boston Childrens Heart Foundation (EIN 04-2790699) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.