Healthwell Foundation
- Assets
- $529.6m
- Revenue
- $554.3m
- Investments
- $0.0
- Employees
- 151
- Location
- Germantown, MD
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 20-0413676
Organization Overview
Healthwell Foundation is located in Germantown, MD. The organization was established in 2005. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2021, Healthwell Foundation employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthwell 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 12/2021, Healthwell Foundation generated $554.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $629.9m during the year ending 12/2021. While expenses have increased by 37.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELP ELIGIBLE PATIENTS WITH CHRONIC OR LIFE-ALTERING DISEASES AFFORD THEIR MEDICAL TREATMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTIPLE MYELOMA - MEDICARE ACCESS - PROVIDED DEDUCTIBLE, COINSURANCE, COPAYMENT AND PREMIUM ASSISTANCE TO 28,364 ELIGIBLE MEDICARE PATIENTS RECEIVING TREATMENT FOR MULTIPLE MYELOMA.
PROSTATE CANCER - MEDICARE ACCESS - PROVIDED DEDUCTIBLE, COINSURANCE, COPAYMENT AND PREMIUM ASSISTANCE TO 12,116 ELIGIBLE PATIENTS RECEIVING TREATMENT FOR PROSTATE CANCER.
PULMONARY FIBROSIS - PROVIDED DEDUCTIBLE, COINSURANCE, COPAYMENT AND PREMIUM ASSISTANCE TO 9,237 ELIGIBLE PATIENTS BEING TREATED FOR PULMONARY FIBROSIS.
HEPATITIS C, CHRONIC LYMPHOCYTIC LEUKEMIA, POST-MENOPAUSAL OSTEOPOROSIS - MEDICARE ACCESS, BREAST CANCER - MEDICARE ACCESS, HYPERCHOLESTEROLEMIA - MEDICARE ACCESS, ACUTE MYELOID LEUKEMIA, TARDIVE DYSKINESIA - MEDICARE ACCESS, CYSTIC FIBROSIS TREATMENTS, SECONDARY HYPERPARATHYROIDISM, RENAL CELL CARCINOMA - MEDICARE ACCESS, BONE METASTASES - MEDICARE ACCESS, SYSTEMIC LUPUS ERYTHEMATOSUS, CYSTIC FIBROSIS VITAMINS AND SUPPLEMENTS, NON-SMALL CELL LUNG CANCER - MEDICARE ACCESS, CHEMOTHERAPY-INDUCED NEUTROPENIA - MEDICARE ACCESS, MANTLE CELL LYMPHOMA, MELANOMA - MEDICARE ACCESS, COVID-19, MACULAR DEGENERATION (WET AND DRY), PEYRONIE'S DISEASE, SMALL CELL LUNG CANCER - MEDICARE ACCESS, OVARIAN CANCER - MEDICARE ACCESS, AMYOTROPHIC LATERAL SCLEROSIS, COLORECTAL CARCINOMA - MEDICARE ACCESS, DUPUYTREN'S DISEASE, URTICARIA, GOUT - MEDICARE ACCESS, CONGENITAL SUCRASE-ISOMALTASE DEFICIENCY, HUNTINGTON'S DISEASE - MEDICARE ACCESS, PEDIATRIC ASSISTANCE, CHRONIC HEART FAILURE - MEDICARE ACCESS, ACROMEGALY, GIANT CELL ARTERITIS OR TEMPORAL ARTERITIS - MEDICARE ACCESS, AMYLOIDOSIS, BLADDER AND UROTHELIAL CANCER - MEDICARE ACCESS, HEAD AND NECK CANCER - MEDICARE ACCESS, ASTHMA, PROSTATE CANCER - MEDICARE ACCESS, ANCA - ASSOCIATED VASCULITIS, WEGENER'S AND GRANULOMATOSIS WITH POLYANGIITIS, LAMBERT-EATON MYASTHENIC SYNDROME, MOVEMENT DISORDERS - MEDICARE ACCESS, IMMUNOSUPPRESSIVE TREATMENT FOR SOLID ORGAN TRANSPLANT RECIPIENTS - MEDICARE ACCESS, CHRONIC MYELOID LEUKEMIA - MEDICARE ACCESS, MIGRAINE, OTHER, SICKLE CELL DISEASE, GASTRIC CANCER - MEDICARE ACCESS, CYTOMEGALOVIRUS DISEASE - PREVENTION AND TREATMENT, B-CELL LYMPHOMA - MEDICARE ACCESS, NON HODGKINS LYMPHOMA - MEDICARE ACCESS, DIABETIC FOOT ULCERS, GLIOBALSTOMA MULTIFORME/ANAPLASTIC ASTROCYTOMA, HEALTH ACCESS, NONTUBERCULOUS MYCOBACTERIUM - MEDICARE ACCESS, CANCER - RELATED BEHAVIORAL HEALTH, HOMOCYSTINURIA, NEUROCOGNITIVE DISEASE WITH PSYCHOSIS - MEDICARE ACCESS, PORPHYRIAS, HYPEROXALURIA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Klein Chief Development Officer | Officer | 40 | $329,342 |
Krista Zodet President | Officer | 40 | $314,819 |
Shela Halper Senior Foundation Program Officer | Officer | 40 | $215,361 |
Fred Asiedu Larbi Director Of Operations | Officer | 40 | $198,980 |
Collin Alexander Director Of Finance | Officer | 40 | $177,079 |
Virginia Dunn Sr. Associate Director, Comm. & Mkt | 40 | $129,521 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pharmacy Data Management Inc Pharmacy Claims Processing | 12/30/21 | $913,806 |
Ab Data Compensation Direct Mail Services | 12/30/21 | $364,451 |
Baker Donelson Legal Services | 12/30/21 | $282,083 |
Experian Health Inc Verification Svcs For Applicants | 12/30/21 | $238,694 |
Salesforceorg Grant Management System | 12/30/21 | $233,803 |
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 | $538,184,808 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $538,184,808 |
| Total Program Service Revenue | $0 |
| Investment income | $9,540,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,536,414 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,261,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $610,136,983 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,523,599 |
| Compensation of current officers, directors, key employees. | $854,305 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,152,694 |
| Pension plan accruals and contributions | $279,463 |
| Other employee benefits | $1,694,038 |
| Payroll taxes | $802,239 |
| Fees for services: Management | $738,588 |
| Fees for services: Legal | $215,887 |
| Fees for services: Accounting | $74,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $386,661 |
| Fees for services: Investment Management | $241,178 |
| Fees for services: Other | $2,073,842 |
| Advertising and promotion | $0 |
| Office expenses | $825,377 |
| Information technology | $867,915 |
| Royalties | $0 |
| Occupancy | $590,848 |
| Travel | $44,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,501 |
| Interest | $12,228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,699 |
| Insurance | $72,357 |
| All other expenses | $57,157 |
| Total functional expenses | $629,943,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,073,571 |
| Savings and temporary cash investments | $65,861,781 |
| Pledges and grants receivable | $29,995,974 |
| 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 | $628,317 |
| Net Land, buildings, and equipment | $632,237 |
| Investments—publicly traded securities | $368,288,033 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,204 |
| Total assets | $529,554,117 |
| Accounts payable and accrued expenses | $17,901,541 |
| 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 | $7,336,869 |
| Total liabilities | $25,238,410 |
| Net assets without donor restrictions | $59,689,288 |
| Net assets with donor restrictions | $444,626,419 |
| 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 | $529,554,117 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Healthwell Foundation has recieved totaling $226,500.
| Awarding Organization | Amount |
|---|---|
The Pruitt Foundation Inc Chantilly, VA PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $125,000 |
The Pruitt Foundation Inc Chantilly, VA PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $90,000 |
The Pruitt Foundation Inc Chantilly, VA PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $6,500 |
The Pruitt Foundation Inc Chantilly, VA PURPOSE: FURTHERANCE OF CHARITABLE PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthwell Foundation Germantown, MD | $529,554,117 | $554,261,279 |
Tower Health Medical Group Reading, PA | $88,789,275 | $250,280,722 |
Uch Legacy Funding Corporation Bel Air, MD | $0 | $3,147,419 |
Temple Physicians Inc Philadelphia, PA | $32,827,078 | $80,029,343 |
Dimensions Healthcare Associates Upper Marlboro, MD | $2,057,898 | $28,839,098 |
Health Federation Of Philadelphia Philadelphia, PA | $18,351,110 | $41,791,030 |
Adventist Physician Services Inc Gaithersburg, MD | $12,232,434 | $16,483,765 |
National Comprehensive Cancer Network Inc Plymouth Meeting, PA | $114,912,916 | $46,211,501 |
Jefferson University Physicians Of New Jersey Pc Philadelphia, PA | $501,231 | $20,519,733 |
Healthcare Access Maryland Inc Baltimore, MD | $7,425,097 | $18,316,703 |
Service Employees International Union Harrisburg, PA | $14,538,345 | $18,771,689 |
Home Care Partners Inc Washington, DC | $5,019,390 | $9,648,122 |