Harvard Pilgrim Health Care Foundation Inc
- Assets
- $2.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, MA
- Founding
- 09/1980
- Data as of
- 12/2021
- EIN
- 04-2708004
Organization Overview
Harvard Pilgrim Health Care Foundation Inc is located in Canton, MA. The organization was established in 1980. 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. Harvard Pilgrim Health Care 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, Harvard Pilgrim Health Care Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Harvard Pilgrim Health Care Foundation Inc has awarded 1,004 individual grants totaling $28,981,922. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARVARD PILGRIM HEALTH CARE FOUNDATION, INC., (THE FOUNDATION), OPERATES EXCLUSIVELY IN CONNECTION WITH HARVARD PILGRIM HEALTH CARE, INC. IN 2021, THE FOUNDATION SUPPORTED HEALTH AND WELLNESS INITIATIVES IN CONNECTION WITH A NUMBER OF COMMUNITY ORGANIZATIONS THROUGH ITS EMPLOYEE MINI-GRANT AND COMMUNITY SERVICE PROGRAMS, AND THROUGH ITS GRANTS TO NON-PROFIT FOOD PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Carson President, Chair (end 7/5) | OfficerTrustee | 2.5 | $0 |
Nora Moreno Cargie Pres Fnd & VP (start 7/5) | OfficerTrustee | 25 | $0 |
Greg Shell Director, Co-Chair (start 7/5) | OfficerTrustee | 1 | $0 |
Bertram L Scott Director, Co-Chair | OfficerTrustee | 1 | $0 |
Roland Price Treasurer (start 7/5) | Officer | 2.5 | $0 |
Karen Voci President, Hphc Fnd (end 7/5) | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $770,364 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $774,159 |
| Total Program Service Revenue | $0 |
| Investment income | $101,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $132,020 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,008,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,577,837 |
| 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. | $325,013 |
| Compensation of current officers, directors, key employees. | $65,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $354,117 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $190,157 |
| Payroll taxes | $0 |
| Fees for services: Management | $136,670 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,004 |
| Travel | $5,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,634 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,582,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,272,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53 |
| Total assets | $2,272,182 |
| Accounts payable and accrued expenses | $465,220 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $487,577 |
| Total liabilities | $952,797 |
| Net assets without donor restrictions | $1,319,385 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,272,182 |
Grants Awarded
Over the last fiscal year, Harvard Pilgrim Health Care Foundation Inc has awarded $2,543,147 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
Canton, MA PURPOSE: COVID Vaccine Fund | $500,000 |
Roxbury, MA PURPOSE: Health and Wellness Project | $226,000 |
Concord, NH PURPOSE: NH Mobile Clinic | $200,000 |
Lawrence, MA PURPOSE: Healthy Living Ctr Falls Prevent Prog | $190,000 |
Boston, MA PURPOSE: Farm to Family and Chef Series Dinner | $165,000 |
Hallowell, ME PURPOSE: Project management | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harvard Pilgrim Health Care Foundation Inc has recieved totaling $770,365.
| Awarding Organization | Amount |
|---|---|
Harvard Pilgrim Health Care Inc Canton, MA PURPOSE: FUND OPERATIONS | $770,365 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
International Union Operating Engineers Johnston, RI | $24,623,216 | $15,388,250 |
Danbury Hospital & New Milford Hospital Foundation Inc Danbury, CT | $175,854,316 | $24,324,982 |
New York And Presbyterian Hospitals Healthcare System Inc New York, NY | $3,724,021 | $13,051,406 |
Connecticut Childrens Foundation Inc Hartford, CT | $208,742,176 | $23,151,101 |
Umh Jgj Corp Binghamton, NY | $8,297,454 | $12,939,554 |