Johns Hopkins Hospital Endowment Fund Incorporated
- Assets
- $834.5m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 04/1973
- Data as of
- 06/2022
- EIN
- 23-7252596
Organization Overview
Johns Hopkins Hospital Endowment Fund Incorporated is located in Baltimore, MD. The organization was established in 1973. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Johns Hopkins Hospital Endowment Fund Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Johns Hopkins Hospital Endowment Fund Incorporated has awarded 56 individual grants totaling $157,364,093. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOLDING AND MANAGING THE ENDOWMENT AND CERTAIN OTHER FUNDS WHICH BENEFIT CERTAIN AFFILIATES.
Describe the Organization's Program Activity:
THE JOHNS HOPKINS HOSPITAL ENDOWMENT FUND, INC. (THE FUND) SUPPORTS THE JOHNS HOPKINS HOSPITAL, JOHNS HOPKINS BAYVIEW MEDICAL CENTER, JOHNS HOPKINS MEDICAL SERVICES CORPORATION AND HOWARD COUNTY GENERAL HOSPITAL. THE FUND SUPPORTS THE ACTIVITIES OF THESE ORGANIZATIONS SUCH AS PATIENT CARE, CAPITAL PROJECTS, RESEARCH AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin W Sowers Msn RN Faan Trustee, Ex Officio | Trustee | 1 | $0 |
Philip A Clough Trustee | Trustee | 1 | $0 |
Paul B Rothman MD Trustee/ex Officio | Trustee | 1 | $0 |
Christopher W Kersey MD Trustee | Trustee | 1 | $0 |
Traci S Lerner Chairman/ President | OfficerTrustee | 1 | $0 |
George L Bunting Jr Vice Chairman/trustee | Trustee | 1 | $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 | $707,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $707,931 |
| Total Program Service Revenue | $0 |
| Investment income | $8,849,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,414,443 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,354,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,142,034 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $66,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $25,989,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,015,253 |
| Pledges and grants receivable | $292,196 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $779,183,983 |
| Total assets | $834,491,432 |
| Accounts payable and accrued expenses | $3,495,674 |
| 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 | $35,759,267 |
| Total liabilities | $39,254,941 |
| Net assets without donor restrictions | $381,774,323 |
| Net assets with donor restrictions | $413,462,168 |
| 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 | $834,491,432 |
Grants Awarded
Over the last fiscal year, Johns Hopkins Hospital Endowment Fund Incorporated has awarded $19,142,034 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS HEALTH SYSTEM CORPORATION PURPOSE: GENERAL OPERATIONS AND CAPITAL PROJECTS | $287,721 |
JOHNS HOPKINS UNIVERSITY PURPOSE: MEDICAL RESEARCH | $6,567,532 |
JOHNS HOPKINS UNIVERSITY PURPOSE: OTHER | $2,702,478 |
THE JOHNS HOPKINS HOSPITAL PURPOSE: DEVELOPMENT AND SPECIAL PURPOSE | $3,426,124 |
THE JOHNS HOPKINS HOSPITAL PURPOSE: GENERAL OPERATIONS AND CAPITAL PROJECTS | $3,504,764 |
THE JOHNS HOPKINS HOSPITAL PURPOSE: PATIENT CARE | $67,642 |