Foundation For Seacoast Health
- Assets
- $39.5m
- Revenue
- $5.5m
- Investments
- $30.6m
- Employees
- 0
- Location
- Portsmouth, NH
- Founding
- 02/1986
- Data as of
- 12/2020
- EIN
- 02-0386319
Organization Overview
Foundation For Seacoast Health is located in Portsmouth, NH. The organization was established in 1986. 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. Foundation For Seacoast Health 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 12/2020, Foundation For Seacoast Health generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 53.7% each year . All expenses for the organization totaled $2.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Foundation For Seacoast Health has awarded 117 individual grants totaling $11,052,881. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR SEACOAST HEALTH OWNED, OPERATED AND MAINTAINED A 92,000 SQUARE FOOT MULTI-TENANT NONPROFIT CENTER THAT PROVIDED BELOW MARKET RENTS TO 7 UNAFFILIATED NONPROFIT PROGRAMS. THE COMMUNITY CAMPUS CENTER WAS CREATED IN 1999 AS A CORE COMPONENT OF THE FOUNDATION'S COMMITMENT TO IMPROVING HEALTH IN THE SEACOAST AREA OF NEW HAMPSHIRE AND SOUTHERN MAINE. THE UNAFFILIATED NETWORK OF ORGANIZATIONS LOCATED AT THE CAMPUS PROVIDES A BROAD RANGE OF SERVICES TO SOME OF OUR MOST VULNERABLE AND UNDER-SERVED INDIVIDUALS AND FAMILIES. IN ADDITION, OVER 50 COMMUNITY ORGANIZATIONS UTILIZE THE SPACE AND RESOURCES OF THE COMMUNITY CAMPUS TO MEET ONGOING BUSINESS NEEDS OR HOST SPECIAL EVENTS. THE COMMUNITY CAMPUS WAS SOLD TO THE CITY OF PORTSMOUTH, NH IN MARCH OF 2022.
THE FOUNDATION PROVIDES GRANTS TO 501(C)(3) ORGANIZATIONS THAT SERVE ONE OF THE NINE COMMUNITIES WITHIN THE FOUNDATION'S SERVICE AREA (PORTSMOUTH, NEWINGTON, NEW CASTLE, GREENLAND, RYE, AND NORTH HAMPTON, NH; AND KITTERY, ELIOT, AND YORK, MAINE). FUNDING INITIATIVES ARE FOCUSED IN THE AREAS OF HEALTH PROMOTION, HEALTH PROTECTION, PREVENTIVE HEALTH SERVICES, TRAINING, AND EDUCATION.
IN KEEPING WITH THE MISSION TO INVEST RESOURCES TO IMPROVE THE HEALTH AND WELL-BEING OF SEACOAST RESIDENTS, THE FOUNDATION AWARDS SCHOLARSHIPS TO CANDIDATES PURSUING AN UNDERGRADUATE OR GRADUATE DEGREE IN A HEALTH-RELATED FIELD OF STUDY. THE AWARDS ARE BASED PRIMARILY ON SCHOLASTIC APTITUDE AND PERFORMANCE, PERSONAL ACHIEVEMENT, LEADERSHIP, AND COMMUNITY INVOLVEMENT. THE APPLICANT'S PRIMARY RESIDENCE MUST BE IN ONE OF THE NINE TOWNS WITHIN THE FOUNDATION'S SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra S Grabowski Chief Executive Officer | 35 | $143,148 | |
Timothy Durkin Board Chair | 2.5 | $0 | |
Stuart Levenson Vice Chair | 2.5 | $0 | |
Peter George Treasurer | 2.5 | $0 | |
Andrea Daly Secretary | 1 | $0 | |
Tom Blais Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C&w Services | 12/30/21 | $159,833 |
Ultra Service Inc | 12/30/21 | $57,942 |
North Atlantic Snow Services | 12/30/21 | $53,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $988 |
| Dividends & Interest | $378,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,443,099 |
| Capital Gain Net Income | $4,443,099 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $657,949 |
| Total Revenue | $5,481,063 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $161,787 |
| Other employee salaries and wages | $184,280 |
| Pension plans, employee benefits | $56,383 |
| Interest | $168,731 |
| Taxes | $67,927 |
| Depreciation | $419,941 |
| Occupancy | $582,728 |
| Travel, conferences, and meetings | $2,455 |
| Printing and publications | $0 |
| Other expenses | $66,797 |
| Total operating and administrative expenses | $1,825,932 |
| Contributions, gifts, grants paid | $144,541 |
| Total expenses and disbursements | $1,970,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $673,670 |
| Savings and temporary cash investments | $1,139,445 |
| Net Accounts receivable | $3,875 |
| 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 | $13,512 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $30,566,722 |
| Net Land, buildings, and equipment | $7,002,654 |
| Other assets | $90,463 |
| Total assets | $39,490,341 |
| Accounts payable and accrued expenses | $144,724 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $5,221,180 |
| Other liabilities | $113,302 |
| Total liabilities | $5,479,206 |
Grants Awarded
Over the last fiscal year, Foundation For Seacoast Health has awarded $10,162,269 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
SEACOAST OUTRIGHT PURPOSE: SUPPORT FOR PART TIME PROGRAM DIRECTOR | $16,000 |
THE CHASE HOME FOR CHILDREN PURPOSE: TO SUPPORT RESIDENTIAL TREATMENT, HOME BASED AND INDEPENDENT LIVING PROGRAMS FOR ADOLESCENTS AND FAMILIES ALONG WITH COMMUNITY DIVERSION PROGRAM | $50,000 |
CHILD ADVOCACY CENTER PURPOSE: TO PROVIDE SAFE, NEUTRAL, CHILD FRIENDLY ENVIRONMENT FOR THE EVALUATION OF ALLEGED CRIMES AGAINST CHILDREN AGES 3 TO 18 YEARS | $25,000 |
CLAY SOPER MEMORIAL FUND PURPOSE: TO SUPPORT TEENS AND FAMILIES IN THE NEW HAMPSHIRE SEACOAST AREA ABOUT THE RISKS ASSOCIATED WITH THE MISUSE AND ABUSE OF PRESCRIPTION DRUGS. | $12,500 |
CROSS ROADS HOUSE INC PURPOSE: TO PROVIDE SHLETER TO UNHOUSED INDIVIDUALS AND FAMILIES | $50,000 |
FRIENDS FOREVER PURPOSE: TO HELP BUILD A BETTER WORLD BY EMPOWERING YOUTH | $25,000 |