African American Health Institute
- Assets
- $1.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Grand Rapids, MI
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 06-1658200
Organization Overview
African American Health Institute is located in Grand Rapids, MI. The organization was established in 2003. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, African American Health Institute employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African American Health Institute 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 12/2023, African American Health Institute generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 10.4% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ELIMINATE DISPARITIES IN HEALTH BY ADVOCATING WITHIN SYSTEMS TO IMPLEMENT SOUND AND MEANINGFUL POLICIES, BASED ON AGREED-UPON INDICATORS OR CHANGE, TO IMPROVE THE HEALTH OF AFRICAN AMERICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE HEALTH CARE PARITY IN THE AFRICAN AMERICAN COMMUNITY THROUGH ADVOCACY, EDUCATION, AND RESEARCH TO ACHIEVE POSITIVE HEALTH OUTCOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Greene Executive Di | Trustee | 40 | $0 |
Paul T Doyle Board Chair | OfficerTrustee | 2 | $0 |
Dr Khan Nedd Medical Dire | OfficerTrustee | 2 | $0 |
Laura Moody RN Director | Trustee | 2 | $0 |
Eddie Rucker Director | Trustee | 2 | $0 |
Misti Stanton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,901,353 |
| Noncash contributions included in lines 1a–1f | $10,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,901,353 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $806 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,902,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $647,728 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $382,391 |
| Advertising and promotion | $1,939 |
| Office expenses | $30,745 |
| Information technology | $2,334 |
| Royalties | $0 |
| Occupancy | $32,361 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,502 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190 |
| Insurance | $37,938 |
| All other expenses | $8,331 |
| Total functional expenses | $1,350,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,467,449 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,718 |
| 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 | $1,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,500 |
| Total assets | $1,504,138 |
| Accounts payable and accrued expenses | $11,477 |
| Grants payable | $0 |
| Deferred revenue | $327,736 |
| 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 | $339,213 |
| Net assets without donor restrictions | $231,103 |
| Net assets with donor restrictions | $933,822 |
| 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 | $1,504,138 |