Grhs Foundation Inc
- Assets
- $150.7m
- Revenue
- $43.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 22-3378111
Organization Overview
Grhs Foundation Inc is located in Rochester, NY. The organization was established in 1995. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grhs 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, Grhs Foundation Inc generated $43.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $40.1m during the year ending 12/2021. While expenses have increased by 12.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO BENEFIT THE AFFILIATES OF ROCHESTER REGIONAL HEALTH.
Describe the Organization's Program Activity:
OPERATING REAL PROPERTY INVESTMENTS, INCLUDING MEDICAL/OFFICE BUILDINGS, A PARKING GARAGE, APARTMENTS, AN ADULT DAYCARE FACILITY, AND PARCELS OF LAND, AS WELL AS MAINTAINING FINANCIAL INVESTMENTS ON BEHALF OF AFFILIATES.
AMBULATORY SURGERY CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Bieber MD CEO | OfficerTrustee | 1 | $77,697 |
Hugh Thomas Cao | Officer | 1 | $20,937 |
Thomas Crilly CFO | Officer | 1 | $18,545 |
Michael Nuccitelli Chair Of The Board | OfficerTrustee | 1 | $0 |
Robert Nesselbush Former COO | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $43,174,822 |
| Investment income | $2,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,275,253 |
| 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. | $89,599 |
| Compensation of current officers, directors, key employees. | $18,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,415,217 |
| Fees for services: Legal | $580 |
| Fees for services: Accounting | $15,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,852,103 |
| Advertising and promotion | $0 |
| Office expenses | $592,791 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,095,941 |
| Travel | $127 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,411 |
| Interest | $3,955,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,972,289 |
| Insurance | $252 |
| All other expenses | $275,769 |
| Total functional expenses | $40,064,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,376,312 |
| Savings and temporary cash investments | $42,949 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,689,405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $562,189 |
| Prepaid expenses and deferred charges | $674,522 |
| Net Land, buildings, and equipment | $131,786,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,518,999 |
| Total assets | $150,651,211 |
| Accounts payable and accrued expenses | $2,653,420 |
| Grants payable | $0 |
| Deferred revenue | $36,108 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $27,217 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $92,085,319 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,468,197 |
| Total liabilities | $120,270,261 |
| Net assets without donor restrictions | $30,380,950 |
| 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 | $150,651,211 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grhs Foundation Inc has recieved totaling $315,000.
| Awarding Organization | Amount |
|---|---|
Rochester Regional Health Foundation Rochester, NY PURPOSE: PROJECT FUNDING | $315,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fidelity Non-Profit Management Foundation Boston, MA | $2,237,901,889 | $256,876,248 |
The Bridgespan Group Inc Boston, MA | $174,186,501 | $94,948,133 |
Grhs Foundation Inc Rochester, NY | $150,651,211 | $43,275,253 |
Phoebe Services Inc Allentown, PA | $13,209,475 | $32,050,372 |
Hispanic Federation Inc New York, NY | $50,299,555 | $50,097,384 |
Common Fund For Non-Profit Organizations Wilton, CT | $4,189,942,831 | $274,004,992 |
Affiliates Risk Management Services Inc New York, NY | $25,877,262 | $29,825,362 |
New Profit Inc Boston, MA | $113,525,114 | $77,118,974 |
Nonprofit Finance Fund New York, NY | $319,614,124 | $35,516,704 |
Npower Inc Brooklyn, NY | $16,868,984 | $22,673,461 |
Program Development Services Inc Brooklyn, NY | $16,969,361 | $21,610,144 |
Project Social Care Head Start Brooklyn, NY | $6,318,610 | $20,235,501 |