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Choc Foundation EIN 95-6097416

Choc Foundation FY2023 filing

EIN  95-6097416 Public charity (501(c)(3)) Orange, CA Founded 1964
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 7/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Raises philanthropic funds and community awareness to support pediatric healthcare, medical education, and research at the Children's Hospital of Orange County and its affiliates.
Leadership
Douglas Corbin · SR VP, Chief Dev Off (thru 5/17/23) · $691K
Money in and out
$41.8M revenue, $39.3M expenses
Bottom line
78% program efficiency

Raises philanthropic funds and community awareness to support pediatric healthcare, medical education, and research at the Children's Hospital of Orange County and its affiliates. For fiscal year 2023 it reported $41.8M in revenue, $39.3M in expenses, and $105.1M in net assets.Pt I

Where the money goes · FY2023
Total revenue
$41.8M
Pt VIII · Ln 12
Total expenses
$39.3M
Pt IX · Ln 25
Net assets
$105.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.5M
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.05 Fundraising $0.17
Program efficiency
78%
of spending reaches programs
Operating runway
26.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$41.8M
FY2023▼ -8%
Expenses
$39.3M
FY2023▼ -2%
Total assets
$114.4M
FY2023▲ +4%
Total liabilities
$9.3M
FY2023▼ -20%
Total revenue
$41.8M
Pt VIII · Ln 12
Total expenses
$39.3M
Pt IX · Ln 25
Net assets
$105.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.5M
Total assetsPt X · Ln 16$114.4M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 327
Independent voting membersPt I · Ln 426
Mission & Programs · Part III

Where the work happens

3 program services account for $29.6M of program spending, described in the organization's own filed words · FY2022.
01

Children's Hospital of Orange County (choc)

Provides specialized pediatric services for the care of children and young adults. During this year, there were 80,285 days of inpatient care; 119,197 emergency room visits; 12,656 surgeries; and 350,344 primary and specialty care clinic visits. Funds raised helps to offset cost of services provided to indigent families.

$24.5Mprogram expense
02

Choc foundation generates community awareness and resources for choc and CCMH. The foundation secures philanthropic support for health and well being of children.

$4.8Mprogram expense
03

Children Hospital at Mission (ccmh)

Funds support affiliated acute care pediatric hospital. Facility provides pediatric, neonatal and care for emergency services. There were 10,046 inpatient care days, 14,863 emergency room visits; 473 surgeries and 20,238 outpatient visits.

$232Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChoc Foundation
EINHdr · item D95-6097416
Principal addressHdr · item COrange, CA
WebsiteHdr · item Jwww.choc.org
Year of formationHdr · item L1964
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E24)
Ruling yearIRS BMFMar 1965

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a27
Independent voting membersPt VI · Ln 1b26
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Douglas Corbin
SR VP, Chief Dev Off (thru 5/17/23)
$691,382Pt VII · Sec A
Patrice Poidmore
Associate VP, Corp & Comm Engagement
$297,150Pt VII · Sec A
Wayne Combs
Associate VP, Operations & Adm
$291,755Pt VII · Sec A
Zachariah Abrams
Assistant VP, Community Engagement
$269,214Pt VII · Sec A
Kara Kipp
Associate Chief Development Officer
$244,855Pt VII · Sec A
Annamaria Ahern
Asst. VP, Annual Giving
$212,857Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jessica Miley’s $917K as SR. VP, Chief Development Officer (start 05/2023) is at the 92nd percentile of top reported officer pay among 2900 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jessica Miley$916,680$735,715————
Douglas Corbin—$519,372$691,382$706,681$708,337—
Douglas Corbin—————$647,640
Kara Kipp—$408,117$244,855$243,789$248,622—
Patrice Poidmore$324,860$305,148$297,150$284,370$289,583—
Wayne Combs$319,223$299,594$291,755$281,505$282,313—
Zachariah Abrams$271,418$277,970$269,214$243,204$229,574—
Brian Panique—————$273,212

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$38.6M · 92%
Investment income$1.7M · 4%
Other revenue$1.5M · 4%
Contributions & grants92%$38.6M
Investment income4%$1.7M
Other revenue4%$1.5M
Total revenueLn 12$41.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.05 Fundraising $0.17
Program services78%$30.6M
Management & general5%$2.1M
Fundraising17%$6.5M
Total functional expensesLn 25$39.3M

Balance Sheet

Part X · end of year
CashLn 1$28.9M
Total assetsLn 16$114.4M
Total liabilitiesLn 26$9.3M
Total net assetsLn 32$105.1M
Months of cash on handcomputed8.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $82.8M · Operating expenses (Pt IX) $39.3M · Less non-cash grants $2.3M · Cash operating expenses/yr $36.9M
26.9 months
Where the money goes
Program services
Program services $30.6M · Total expenses $39.3M
78%
Management & General
Management & general $2.1M · Total expenses $39.3M
5%
Fundraising
Fundraising $6.5M · Total expenses $39.3M
17%
Cost to raise $1
Fundraising expense (3-yr avg) $6.0M · Solicited contributions (3-yr avg) $39.1M
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $38.6M · Total revenue $41.8M
92%
Government reliance
Government grants — · Total revenue $41.8M
—
Earned-income share
Program service revenue $0 · Total revenue $41.8M
0%
Investment reliance
Investment income $1.7M · Total revenue $41.8M
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $39.3M
0%
Growth & trend
Revenue growth (YoY)
This year $41.8M · Prior year $45.6M
-8%
Net-asset trend (YoY)
End of year $105.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $41.8M · Expenses $39.3M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $114.4M
—
Net-asset ratio
Net assets $105.1M · Total assets $114.4M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $53.8M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $114.4M
47%
People & payroll
Highest Reported Total Compensation
Individual Douglas Corbin · Reported title SR VP, CHIEF DEV OFF (THRU 5/17/23) · Highest reported compensation $691K · Total expenses $39.3M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $8.9M · Total expenses $39.3M
23%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%——
Overhead ratio 5%——
Fundraising cost ratio 17%——
Revenue growth -8%——
Investment management fee ratio 0%——
Legal fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
La Esperanza De Nuestra ComunidadFY2025$100K
C and T Wang FamilyFY2025$100K
Bergelectric Charitable FoundationFY2025$70K
Cox Family Charitable FoundationFY2025$16K
America's CharitiesFY2025$12K
Bjs Restaurants Foundation INCFY2025$12K
Salla Treatment and Research Foundation INCFY2025$10K
Total grants receivedfrom 7 funders$319K
See all 7 funders →
Grants paid · 16 grants · $161.4M · 2019–2024
Children's Hospital of Orange CountyCA · FY2024$31,819,688
Rady Children's Health Services San DiegoCA · FY2024$5,000,000
Children's Hospital at MissionCA · FY2024$234,163
Providence Speech and Hearing CenterCA · FY2024$55,019
Children's Hospital of Orange CountyCA · FY2023$23,947,107
Providence Speech and Hearing CenterCA · FY2023$223,667
Children's Hospital at MissionCA · FY2023$117,900
Children's Hospital of Orange CountyCA · FY2022$24,496,281
Providence Speech and Hearing CenterCA · FY2022$876,636
Children's Hospital at MissionCA · FY2022$231,838
Children's Hospital of Orange CountyCA · FY2021$27,537,778
Children's Hospital at MissionCA · FY2021$98,605
Children's Hospital of Orange CountyCA · FY2020$21,217,415
Children's Hospital at MissionCA · FY2020$176,755
Children's Hospital of Orange CountyCA · FY2019$24,999,160
Children's Hospital at MissionCA · FY2019$344,926

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$56.2M revenue · ⤓ 990 PDF
FY2023$41.8M revenue · viewing · ⤓ 990 PDF
FY2022$45.6M revenue · ⤓ 990 PDF
FY2021$39.4M revenue · ⤓ 990 PDF
FY2020$51.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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