Foundation For Health Equity
- Assets
- $16.6m
- Revenue
- $880.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Philadelphia, PA
- Founding
- 03/2005
- Data as of
- 06/2023
- EIN
- 20-1232493
Organization Overview
Foundation For Health Equity is located in Philadelphia, PA. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Foundation For Health Equity employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Health Equity 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 06/2023, Foundation For Health Equity generated $880.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 5.4% per year over the past 8 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.
Since 2015, Foundation For Health Equity has awarded 248 individual grants totaling $3,843,321. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATION FOR HEALTH EQUITY SUPPORTS COMMUNITIES OF NW PHILADELPHIA BY BUILDING ON THE ASSETS OF ORGANIZATIONS THAT WORK TO ADDRESS SYSTEMIC HEALTH INEQUITIES IN ORDER TO BUILD HEALTHY, VIBRANT NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF FOUNDATION FOR HEALTH EQUITY IS TO IMPROVE THE HEALTH AND WELL BEING OF COMMUNITIES OF NORTHWEST PHILADELPHIA AND EASTERN MONTGOMERY COUNTY. THROUGH ONGOING NEEDS ASSESSMENTS, IT IDENTIFIES CERTAIN AREAS OF VULNERABILITY IN THESE COMMUNITIES, AND PROVIDES FUNDING TO ORGANIZATIONS WHOSE WORK WILL ADDRESS THESE NEEDS. THE FOUNDATION'S FOCUS IS ON THESE SPECIFIC AREAS: THE FRAIL ELDERLY, REDUCING PREMATURE DEATH CAUSED BY CANCER AND HEART DISEASE, CHILDREN AND FAMILIES, EDUCATION ABOUT HEALTHCARE,HEALTHCARE AND HEALTH INSURANCE OPTIONS. WHERE APPROPRIATE,THE FOUNDATION FAVORS PROGRAMS AIMED AT PREVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Thorell Chairperson | OfficerTrustee | 2 | $0 |
John Friedman Treasurer | OfficerTrustee | 1 | $0 |
Mary Harper Secretary | OfficerTrustee | 1 | $0 |
Erin Doyle-O'connor Vice Chairperson | OfficerTrustee | 1 | $0 |
Elena Brennan Director | Trustee | 1 | $0 |
James Buehler Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Duane Morris Llp Legal | 6/29/23 | $435,646 |
Flaster Greenberg Pc Legal | 6/29/23 | $208,818 |
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 | $470,509 |
| Noncash contributions included in lines 1a–1f | $2,341 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $470,509 |
| Total Program Service Revenue | $0 |
| Investment income | $213,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $197,264 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $880,827 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $392,700 |
| Grants and other assistance to domestic individuals. | $18,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,380 |
| Compensation of current officers, directors, key employees. | $12,638 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,848 |
| Pension plan accruals and contributions | $2,247 |
| Other employee benefits | $14,063 |
| Payroll taxes | $13,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $560,173 |
| Fees for services: Accounting | $23,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,060 |
| Fees for services: Other | $1,150 |
| Advertising and promotion | $6,707 |
| Office expenses | $7,810 |
| Information technology | $11,344 |
| Royalties | $0 |
| Occupancy | $26,836 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,153 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $505 |
| Insurance | $7,118 |
| All other expenses | $2,814 |
| Total functional expenses | $1,338,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,641 |
| Savings and temporary cash investments | $913,985 |
| 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 | $27,641 |
| Net Land, buildings, and equipment | $1,541 |
| Investments—publicly traded securities | $7,200,875 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,366,684 |
| Total assets | $16,641,367 |
| Accounts payable and accrued expenses | $71,198 |
| 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 | $149,110 |
| Other liabilities | $73,871 |
| Total liabilities | $294,179 |
| Net assets without donor restrictions | $7,762,511 |
| Net assets with donor restrictions | $8,584,677 |
| 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 | $16,641,367 |
Grants Awarded
Over the last fiscal year, Foundation For Health Equity has awarded $382,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWEST MUTUAL AID COALITION PURPOSE: HUNGER ASSISTANCE | $67,500 |
SENIORLAW CENTER PURPOSE: ELDERLY ASSISTANCE | $15,000 |
MANNA PURPOSE: ELDERLY ASSISTANCE | $25,000 |
STUDENTS RUN PHILLY STYLE PURPOSE: CHILDREN'S ASSISTANCE | $10,000 |
SMALL THINGS INC PURPOSE: HUNGER ASSISTANCE | $50,000 |
MATERNITY CARE COALITION PURPOSE: CHILDREN'S ASSISTANCE | $25,000 |