Healthspark Foundation
- Assets
- $45.2m
- Revenue
- $3.9m
- Investments
- $37.6m
- Employees
- 0
- Location
- Colmar, PA
- Founding
- 03/1956
- Data as of
- 06/2023
- EIN
- 23-1352175
Organization Overview
Healthspark Foundation is located in Colmar, PA. The organization was established in 1956. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthspark 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 06/2023, Healthspark Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 4.9% per year over the past 4 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 2020, Healthspark Foundation has awarded 140 individual grants totaling $3,619,594. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY PARTNERS CENTER:THROUGH THE SUBSIDIARY 2506 LLC, THE FOUNDATION OPERATES AND IS LOCATED IN A NONPROFIT CENTER, COMMUNITY PARTNERS CENTER (WWW.COMMUNITYPARTNERSCENTER.ORG). A BOARD OF MANAGERS GOVERNS 2506 LLC, APPOINTED BY THE FOUNDATION, COMPRISED OF 5 INDIVIDUALS (3 TENANT REPRESENTATIVES). 2506 LLC OWNS AN ADJACENT RESIDENTIAL UNIT, MASTER LEASED TO A NONPROFIT TO SUBLET IN ACCORDANCE WITH A MORTGAGE AGREEMENT BETWEEN 2506 LLC AND THE MONTGOMERY COUNTY DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT. THE CENTER OFFERS NONPROFITS FREE USE OF MEETING ROOMS. NONPROFITS RECOGNIZE THIS VALUE.
MONTGOMERY COUNTY SAFETY NET RESILIENCE INITIATIVE: HEALTHSPARK LAUNCHED THIS 10-YEAR, COMMUNITY-DRIVEN AND COLLABORATIVE INITIATIVE TO IMPROVE THE FINANCIAL RESILIENCY OF MONTGOMERY COUNTY'S HEALTH & HUMAN SERVICES SAFETY NET SYSTEM. KEY STRATEGIES INCLUDE GRANTMAKING, RESEARCH, SYSTEM LEADERSHIP CAPACITY BUILDING, COMMUNICATIONS, REFLECTIVE LEARNING SESSIONS, AND ADVOCACY. POLICYMAKERS, SAFETY NET SYSTEM NONPROFIT LEADERS, BUSINESS REPRESENTATIVES, CONSUMERS AND ADJACENT SECTOR LEADERS ARE INVITED TO COMMUNITY OF PRACTICE MEETINGS WHERE THE FOUNDATION UPDATES THE BROADER COMMUNITY ON THE INITIATIVE'S PROGRESS AND GATHERS FEEDBACK AND RECOMMENDATIONS FOR FUTURE CONSIDERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emma Hertz President/ceo/manager As Of Dec 2022 | 37.5 | $96,923 | |
Russell Johnson President/ceo/manager To Dec 2022 | 37.5 | $185,544 | |
Joel Johnson Chairperson/director | 2 | $0 | |
Natasha Patterson Vice Chair/director | 1 | $0 | |
Nathaniel Williams Secretary/director | 2 | $0 | |
Rayman Solomon Treasurer/director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dwayne Wharton Partners Llc | 6/29/23 | $55,000 |
Meketa Investment Group | 6/29/23 | $78,751 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,923 |
| Interest on Savings | $353 |
| Dividends & Interest | $256,392 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,229,246 |
| Capital Gain Net Income | $3,681,240 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $409,087 |
| Total Revenue | $3,908,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $282,467 |
| Other employee salaries and wages | $236,105 |
| Pension plans, employee benefits | $142,978 |
| Interest | $86,304 |
| Taxes | $70,938 |
| Depreciation | $218,908 |
| Occupancy | $148,848 |
| Travel, conferences, and meetings | $9,561 |
| Printing and publications | $0 |
| Other expenses | $91,935 |
| Total operating and administrative expenses | $1,706,057 |
| Contributions, gifts, grants paid | $1,071,324 |
| Total expenses and disbursements | $2,777,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,832 |
| Savings and temporary cash investments | $1,203,823 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $72,946 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,289,733 |
| Net Land, buildings, and equipment | $4,923,967 |
| Other assets | $1,294,316 |
| Total assets | $45,220,414 |
| Accounts payable and accrued expenses | $179,342 |
| Grants payable | $410,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,823,388 |
| Other liabilities | $425,015 |
| Total liabilities | $3,837,745 |
Grants Awarded
Over the last fiscal year, Healthspark Foundation has awarded $1,221,324 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ACLAMO FAMILY CENTERS PURPOSE: ACLAMAR: ESPACIO DEL MUNDO; OPERATING SUPPORT | $45,000 |
AKEA'S HEART INC PURPOSE: THERAPY OVER REVENGE | $15,000 |
ALONG THE WAY PURPOSE: PATHWAY PROJECT PILOT PROGRAM | $30,000 |
BE REZILIENT HEALING THROUGH THE ARTS PURPOSE: SUMMER INITIATIVES | $15,000 |
BETHEL AME CHURCH OF ARDMORE PURPOSE: GROWING FOOD SOVEREIGNTY & RESILIENCE AT THE BETHEL COMMUNITY GARDEN & ARDMORE VICTORY GARDENS | $15,000 |
CENTRO DE CULTURA ARTE TRABAJO Y EDUCACION (CCATE) PURPOSE: REVARTE MEDIA | $15,000 |