Joe Dimaggio Children'S Hospital Foundation Inc

“Donor-restricted endowment: gifts made to the love jen endowment are invested, preserved and used for the benefit of patients at the hospital and their families. The endowment provides financial assistance when circumstances arise such as paying for medications not covered by insurance, hospital meals for families and bereavement expenses and is included in net assets with donor restrictions in the accompanying statements of financial position. Income earned on the endowment is reported in net assets without donor restrictions in the accompanying statement of activities as they are used annually to meet the intentions established by the donor. Board-designated endowment: the sayfie endowment was named in honor of dr. Ernest sayfie, the founder of the organization. The endowment is funded with 50% of any unrestricted estate gifts received by the organization. The sayfie endowment has designated the endowment earnings to be used for the current and future operating needs of the organization and is included in net assets without donor restrictions.”

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and from state income taxes under similar provisions of the florida statutes. Accordingly, no provision for federal and state income taxes has been recorded in the accompanying financial statements. The organization applies the provisions of fasb asc topic 740, income taxes (asc 740), in accounting for uncertainty in income taxes. Asc 740 provides guidance on when tax positions are recognized in an entity's financial statements and how the values of these positions are determined. There is currently no impact on the organization's financial statements as a result of the application of asc 740. The federal income tax returns of the organization are subject to examination by the internal revenue service generally for three years after they are filed.”

“Change in value of gift annuities -1,416. Change in value of beneficial interest in trust 67,900.”

“Fundraising event expense netted against revenue -754,150.”

“Fundraising event expense netted against revenue 754,150. Uncollectible pledges 393,780.”

“Employees of south broward hospital district d/b/a memorial healthcare system (mhs) perform management and operating functions for joe dimaggio children's hospital foundation (jdchf) and jdchf occupies space provided by mhs. Pursuant to an administrative service agreement, mhs donated these services and space back to jdchf. For the year ended december 31, 2024, the amount donated by mhs was $1,758,672. Special event revenue included gift-in-kind of various services totaling $101,000. Administrative service agreement $1,758,672 special event services $101,000 ---------- total donated services & facilities $1,859,672 ==========”