Cambridge Health Alliance Foundation Inc
- Assets
- $3.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Malden, MA
- Founding
- 05/2002
- Data as of
- 06/2020
- EIN
- 01-0676306
Organization Overview
Cambridge Health Alliance Foundation Inc is located in Malden, MA. The organization was established in 2002. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Cambridge Health Alliance 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 06/2020, Cambridge Health Alliance Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $886.1k during the year ending 06/2020. While expenses have increased by 2.6% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING SUPPORT FOR THE CAMBRIDGE HEALTH ALLIANCE AND ALL RELATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMBRIDGE HEALTH ALLIANCE FOUNDATION, INC. (THE "ORGANIZATION") IS THE WHOLLY OWNED FUNDRAISING SUBSIDIARY AND A SUPPORTING ORGANIZATION OF CAMBRIDGE PUBLIC HEALTH COMMISSION D/B/A CAMBRIDGE HEALTH ALLIANCE ("CHA"), A PUBLIC HEALTHCARE SYSTEM WHOSE MISSION IS TO IMPROVE THE HEALTH OF OUR COMMUNITIES. THE ORGANIZATION RAISES FUNDS TO SUPPORT CHA'S PROGRAMS, SERVICES, AND OPERATIONAL NEEDS. ALL OF THE ANNUAL FUNDS THAT CHA RECEIVES ARE UTILIZED TO SUPPORT SPECIFIC PROGRAMS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Batty Director/treasurer | OfficerTrustee | 2 | $0 |
Mary Cassesso Dir./president - Until 06/21 | OfficerTrustee | 20 | $0 |
Andrew Fuqua Clerk | Officer | 2 | $0 |
Assaad J Sayah MD Ceo/director | Trustee | 2 | $0 |
Nancy Busnach Director | Trustee | 2 | $0 |
Dennis Cataldo Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,612,505 |
| Investment income | $22,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,811 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,628,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,290 |
| Pension plan accruals and contributions | $5,387 |
| Other employee benefits | $37,033 |
| Payroll taxes | $27,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $0 |
| Office expenses | $40,760 |
| Information technology | $19,768 |
| Royalties | $0 |
| Occupancy | $237 |
| Travel | $50 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $886,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,645,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $424 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,646,057 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $421,696 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $421,696 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,224,361 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Cambridge Health Alliance Foundation Inc has recieved totaling $214,069.
| Awarding Organization | Amount |
|---|---|
Tufts Health Public Plans Inc Canton, MA PURPOSE: Community-Based COVID Vaccination Day Sponsorship | $45,000 |
Reproductive Health Access Project Inc New York, NY PURPOSE: REPRODUCTIVE HEALTH CARE AND ADVOCACY FELLOWSHIPS | $38,598 |
Life Science Cares Inc Cambridge, MA PURPOSE: DONATION TO ASSIST THE NONPROFIT | $34,000 |
Rize Massachusetts Foundation Inc Boston, MA PURPOSE: INNOVATIONS IN ANTI-RACISM | $31,500 |
Dcu For Kids Marlborough, MA PURPOSE: Charitable | $25,000 |
College Of American Pathologists Foundation Northfield, IL PURPOSE: CANCER SCREENING | $16,471 |
Endowment Analysis
| Beg. Balance | $236,434 |
| Earnings | $41 |
| Other Expense | $41 |
| Ending Balance | $236,434 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montefiore Medicine Academic Health Self Insurance Trist Bronx, NY | $287,426,872 | $78,028,348 |
Circle Health Physicians Inc Lowell, MA | $24,693,078 | $78,082,073 |
Cancer Care Co-Payment Assistance Foundation Inc New York, NY | $80,171,765 | $74,806,659 |
Hss Properties Corporation New York, NY | $595,585,404 | $72,958,189 |
Royal Charter Properties - East Inc New York, NY | $212,621,601 | $60,926,484 |
Northeast Professional Registry Of Nurses Inc Beverly, MA | $69,495,666 | $57,554,389 |
Childrens Hospital Radiology Foundation Inc Boston, MA | $61,711,142 | $41,980,369 |
Marcus Avenue Medical Pc Westbury, NY | $15,403,274 | $17,010,236 |
Health & Welfare Fund Of Intern Tional Union Of Operating Engi Quincy, MA | $26,422,414 | $20,857,874 |
Rhode Island Hospital Foundation Providence, RI | $69,328,658 | $16,409,972 |
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |