Maine Health Access Foundation Inc
- Assets
- $148.9m
- Revenue
- $15.4m
- Investments
- $147.3m
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 01-0535144
Organization Overview
Maine Health Access Foundation Inc is located in Augusta, ME. The organization was established in 2001. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Health Access Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Maine Health Access Foundation Inc generated $15.4m in total revenue. All expenses for the organization totaled $9.5m during the year ending 12/2021. While expenses have increased by 9.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Maine Health Access Foundation Inc has awarded 317 individual grants totaling $12,730,363. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
HEALTH EQUITY CAPACITY BUILDING: STAFF, CONSULTANT, AND EVALUATOR SUPPORT TO IMPLEMENT THE HEALTH EQUITY CAPACITY BUILDING PROGRAM, WHICH FOCUSES ON COMMUNITY-BASED ORGANIZATIONS THAT ARE LED BY INDIVIDUALS FROM POPULATIONS THAT EXPERIENCE INEQUITABLE HEALTH BURDENS AND DISPARITIES IN QUALITY OF CARE, AND THAT ADDRESS THE NEEDS OF SUCH POPULATIONS. SPECIFICALLY, THIS INCLUDES GRANTEE-DETERMINED TECHNICAL ASSISTANCE AND SUPPORT TO WRAP AROUND GRANT FUNDS. IN 2021, A PROGRAM REDESIGN EFFORT INVOLVED SIGNIFICANT STAFF TIME AS WELL AS STIPENDS FOR GRANTEES WHO PARTICIPATED IN ADVISING THE PLANNING PROCESS.
ORAL HEALTH: STAFF AND CONSULTANT EXPENSES TO COORDINATE ACTIVITIES OF THE MAINE ORAL HEALTH FUNDERS GROUP AND TO PARTICIPATE IN AND HELP TO LEAD ONGOING SAFETY NET ORAL HEALTH SYSTEM DEVELOPMENT IN MAINE.
HEALTH ADVOCACY: STAFF AND CONSULTANT EXPENSES TO IMPLEMENT THIS PROGRAM THAT SUPPORTS KEY ADVOCACY ORGANIZATIONS THAT REPRESENT HEALTH CARE AND HEALTH ISSUES AND POPULATIONS THAT ARE MEHAF PRIORITIES.
HEALTHY AGING: EXTENSIVE OVERSIGHT AND COORDINATION BY STAFF OF ASSESSMENT ACTIVITIES, AS WELL AS DEVELOPMENT AND COMPLETION OF A REPORT ON ADULT DAY SERVICES BY THE UNIVERSITY OF SOUTHERN MAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Leonard President & CEO | 40 | $213,698 | |
Ruta Kadanoff Vice President For P | 40 | $120,083 | |
Margo Beland Finance Manager | 40 | $92,586 | |
Charles Dwyer Senior Program Offic | 40 | $80,768 | |
Jake Grindle Senior Program Offic | 40 | $78,725 | |
Frank Martinez Nocito Program Officer | 40 | $63,506 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Buchholz & Associates | 12/30/21 | $99,214 |
Silchester International Investors | 12/30/21 | $197,071 |
Partnerships For Health | 12/30/21 | $57,268 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,500 |
| Interest on Savings | $262 |
| Dividends & Interest | $1,214,910 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,157,347 |
| Capital Gain Net Income | $14,157,347 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,604 |
| Total Revenue | $15,412,623 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $240,048 |
| Other employee salaries and wages | $677,175 |
| Pension plans, employee benefits | $257,498 |
| Interest | $0 |
| Taxes | $80,000 |
| Depreciation | $14,713 |
| Occupancy | $110,260 |
| Travel, conferences, and meetings | $10,701 |
| Printing and publications | $24,356 |
| Other expenses | $1,045,261 |
| Total operating and administrative expenses | $2,498,868 |
| Contributions, gifts, grants paid | $7,015,909 |
| Total expenses and disbursements | $9,514,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,975 |
| Savings and temporary cash investments | $1,271,258 |
| Net Accounts receivable | $5,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,947 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $147,306,291 |
| Net Land, buildings, and equipment | $32,468 |
| Other assets | $170,000 |
| Total assets | $148,903,939 |
| Accounts payable and accrued expenses | $36,123 |
| Grants payable | $3,012,595 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $60,000 |
| Total liabilities | $3,108,718 |
Grants Awarded
Over the last fiscal year, Maine Health Access Foundation Inc has awarded $7,340,909 in support to 165 organizations.
| Grant Recipient | Amount |
|---|---|
Ellsworth, ME PURPOSE: HEALTH CARE IN BIPOC COMMUNITIES; LEADERSHIP; ORAL HEALTH; SUD; COVID-19 | $475,000 |
Portland, ME PURPOSE: IMMIGRANT AND REFUGEE PROGRAMS; HEALTH NEEDS ASSESSMENT | $370,000 |
WABANAKI PUBLIC HEALTH PURPOSE: BUILDINGS; ELDER SERVICES; MATERNAL AND CHILD HEALTH | $275,000 |
Ellsworth, ME PURPOSE: GRANTS FOR HEALTHCARE, MINORITY SUPPORT, AND COVID-19 | $250,000 |
NEW ENGLAND ARAB AMERICAN ORGANIZATION PURPOSE: ARAB AND MUSLIN RESILIENCE; HEALTH ACCESS | $193,595 |
WABANAKI PUBLIC HEALTH PURPOSE: LEADERSHIP AWARD; CAPACITY BUILDING; ELDER SERVICES; MATERNAL AND CHILD HEALTH | $171,800 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Maine Health Access Foundation Inc has recieved totaling $12,269.
| Awarding Organization | Amount |
|---|---|
Western Maine Community Action Inc East Wilton, ME PURPOSE: ACA NAVIGATOR | $6,269 |
Northeast Delta Dental Foundation Inc Concord, NH PURPOSE: Maine Oral Health Funders Consultant | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Health Access Foundation Inc Augusta, ME | $148,903,939 | $15,412,623 |
Mary And John Elliot Charitable Foundation Manchester, NH | $28,783,798 | $5,562,026 |
Visiting Nurse Association Of Manchester & Southern New Hampshir Manchester, NH | $4,322,029 | $2,338,415 |
Lancaster Patient Care Center Lancaster, NH | $13,002,947 | $179,000 |
Hospice Help Foundation Portsmouth, NH | $163,145 | $201,771 |
Christine B Foundation Inc Bangor, ME | $99,045 | $123,712 |
Victorias Victory Foundation Stratham, NH | $138,222 | $0 |
Heartfelt Dreams Foundation Ltd Hollis, NH | $107,547 | $114,111 |
Cynthias Challenge Eaton, NH | $47,432 | $0 |
Transformative Healthcare Foundation Of Northern New England Meredith, NH | $99,499 | $42,211 |
Boothbay Region Health And Wellness Foundation Boothbay Harbor, ME | $114,936 | $71,422 |
Preemie To Pre-Med North Hampton, NH | $831 | $0 |