Healthcare Initiative Foundation
- Assets
- $31.5m
- Revenue
- $1.8m
- Investments
- $29.1m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 12/1973
- Data as of
- 06/2021
- EIN
- 23-7324576
Organization Overview
Healthcare Initiative Foundation is located in Bethesda, 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. Healthcare Initiative 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 06/2021, Healthcare Initiative Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Healthcare Initiative Foundation has awarded 285 individual grants totaling $9,145,382. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Townsend President & CEO | 40 | $195,966 | |
Jessica Fuchs Director, Grants & C | 40 | $89,594 | |
Faye Greene Executive Assistant | 40 | $63,268 | |
Robert H Myers Jr Chair | 4.6 | $0 | |
David Kressler Vice Chair | 2.6 | $0 | |
George Dines Treasurer | 1.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| Dividends & Interest | $704,504 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,053,243 |
| Capital Gain Net Income | $1,053,243 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,500 |
| Total Revenue | $1,762,273 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $196,127 |
| Other employee salaries and wages | $150,101 |
| Pension plans, employee benefits | $69,237 |
| Interest | $0 |
| Taxes | $129,500 |
| Depreciation | $0 |
| Occupancy | $29,449 |
| Travel, conferences, and meetings | $6,079 |
| Printing and publications | $0 |
| Other expenses | $57,277 |
| Total operating and administrative expenses | $732,104 |
| Contributions, gifts, grants paid | $379,925 |
| Total expenses and disbursements | $1,112,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,344 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,187 |
| 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 | $2,119,397 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,141,351 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $76,579 |
| Total assets | $31,524,858 |
| Accounts payable and accrued expenses | $37,657 |
| Grants payable | $25,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $169,308 |
| Total liabilities | $231,965 |
Grants Awarded
Over the last fiscal year, Healthcare Initiative Foundation has awarded $1,729,416 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
Clarksville, MD PURPOSE: EQUITABLE ADMINISTRATION OF COVID-19 VACCINES | $184,800 |
THE UNIVERSITIES AT SHADY GROVE PURPOSE: BUILDING HEALTHCARE CAREER PATHWAYS FROM MONTGOMERY COLLEGE TO THE UNIVERSITIES AT SHADY GROVE | $120,302 |
Bethesda, MD PURPOSE: COVID VACCINATIONS THRU COMMUNITY COLLABORATIONS | $109,500 |
Gaithersburg, MD PURPOSE: COLLABORATION TO ADDRESS BARRIERS TO ACCESS COVID VACCINE IN THE ASIAN AMERICAN COMMUNITIES | $75,264 |
EVERYMIND (FORMERLY MHA OF MOCO) PURPOSE: EXPANDING ACCESS TO BEHAVIORAL HEALTH SERVICES | $63,000 |
LEADERSHIP MONTGOMERY PURPOSE: NONPROFIT RACE EQUITY | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Healthcare Initiative Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Manna Food Center Inc Silver Spring, MD PURPOSE: FOOD AND NUTRITION ASSISTANCE | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
The Hsc Foundation Washington, DC | $107,386,448 | $11,268,614 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
Horizon Foundation Of Howard County Inc Columbia, MD | $95,051,877 | $2,906,262 |
Messiah Lifeways Mechanicsburg, PA | $3,767,505 | $5,505,262 |
Pottstown Area Health & Wellness Foundation Pottstown, PA | $88,468,067 | $7,361,536 |
Andrew Mcdonough B Positive Foundation Wilmington, DE | $5,256,523 | $5,566,397 |
Upper Chesapeake Health Foundation Inc Bel Air, MD | $47,305,445 | $3,872,894 |
Heritage Community Initiatives Braddock, PA | $3,376,185 | $4,220,898 |
Allied Services Foundation Clarks Summit, PA | $42,811,354 | $2,408,936 |