Independent Health Foundation
- Assets
- $2.1m
- Revenue
- $438.7k
- Investments
- $0.0
- Employees
- 83
- Location
- Buffalo, NY
- Founding
- 09/1992
- Data as of
- 12/2022
- EIN
- 16-1417199
Organization Overview
Independent Health Foundation is located in Buffalo, NY. The organization was established in 1992. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 12/2022, Independent Health Foundation employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Health Foundation 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 12/2022, Independent Health Foundation generated $438.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL BEING OF WESTERN NEW YORK RESIDENTS THROUGH AWARENESS, PREVENTION, WELLNESS, AND OTHER EDUCATION PROGRAMS FOCUSED ON COMMUNITY HEALTH PRIORITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN SUPPORT OF INDEPENDENT HEALTH ASSOCIATION'S PRIORITIES, THE PURPOSE OF THE FOUNDATION IS TO IMPROVE THE HEALTH AND WELL BEING OF WNY RESIDENTS THROUGH HEALTH AWARENESS, PREVENTION, WELLNESS EDUCATION AND OTHER PROGRAMS FOCUSED ON COMMUNITY HEALTH PRIORITIES. SEE SCHEDULE O FOR ADDITIONAL DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvonne S Minor-Ragan PHD Board Member | Trustee | 2 | $0 |
Casimiro Rodriquez Sr Board Member | Trustee | 2 | $0 |
John N Walsh III Board Member | Trustee | 2 | $0 |
Maggie Nichols Board Member (begin 04/22) | Trustee | 2 | $0 |
Tanya Staples Board Member (begin 04/22) | Trustee | 2 | $0 |
Oswaldo Mestre Jr Board Member (begin 04/22) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ap Professionals Wny Llc Event Personnel | 12/30/22 | $173,419 |
Kpc-ny Llc Dba Dual Print And Mail Program Supplies | 12/30/22 | $168,452 |
Rab Business Solutions Program Supplies | 12/30/22 | $161,102 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $380,739 |
| Noncash contributions included in lines 1a–1f | $36,385 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,739 |
| Total Program Service Revenue | $34,383 |
| Investment income | $18,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,089 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $169,616 |
| 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. | $250,723 |
| Compensation of current officers, directors, key employees. | $32,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,079,686 |
| Pension plan accruals and contributions | $29,394 |
| Other employee benefits | $169,151 |
| Payroll taxes | $86,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,868 |
| Fees for services: Other | $261,643 |
| Advertising and promotion | $92,313 |
| Office expenses | $210,919 |
| Information technology | $25,147 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,160 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,423 |
| All other expenses | $9,507 |
| Total functional expenses | $2,848,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $721,030 |
| Accounts receivable, net | $228,795 |
| 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 | $39,108 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $904,668 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,000 |
| Total assets | $2,051,238 |
| Accounts payable and accrued expenses | $385,185 |
| 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 | $32,482 |
| Total liabilities | $417,667 |
| Net assets without donor restrictions | $808,751 |
| Net assets with donor restrictions | $824,820 |
| 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 | $2,051,238 |
Grants Awarded
Over the last fiscal year, Independent Health Foundation has awarded $106,182 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION FOR GREATER BUFFALO INC PURPOSE: CONTRIBUTION-BUFFALO TOGETHER COMMUNITY RESPONSE FUND | $50,000 |
FOSTERING GREATNESS PURPOSE: UNLEASH YOUR GREATNESS - TITLE SPONSOR YOUTH LEADERSHIP CONFERENCE | $25,000 |
A TASTE OF BUFFALO INC PURPOSE: 07/22 SPONSORSHIP OF THE TASTE OF BUFFALO | $10,500 |
BUFFALO PRENATAL-PERINATAL NETWORK INC PURPOSE: ADULT BEDS & CHILDREN'S CRIBS | $5,432 |
ZOOLOGICAL SOCIETY OF BUFFALO INC PURPOSE: 2022 12/31/22 FIRST NIGHT (ZOO ADMISSION FOR PARTY PACKS) | $10,000 |
NIAGARA FALLS HOUSING AUTHORITY PURPOSE: GFTN SPONSORED EVENTS. | $5,250 |