Healthcorps Inc
- Assets
- $4.5m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 36
- Location
- New York, NY
- Founding
- 05/2008
- Data as of
- 06/2022
- EIN
- 26-1269358
Organization Overview
Healthcorps Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (H43) the organization is classified as: Heart & Circulatory System Diseases & Disorders Research, under the broad grouping of Medical Research and related organizations. As of 06/2022, Healthcorps Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcorps 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 06/2022, Healthcorps Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Healthcorps Inc has awarded 17 individual grants totaling $3,883,123. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HEALTHCORPS IS A 501(C)(3) ORG. THAT EMPOWERS STUDENTS TO BECOME HEALTH AGENTS OF CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHCORPS EXECUTES ITS MISSION THROUGH SCHOOL AND COMMUNITY PROGRAMING, RESEARCH AND ADVOCACY.HEALTHCORPS PLACES FULL-TIME COORDINATORS AND COLLEGE MENTORS IN HIGH-NEED HIGH SCHOOLS ACROSS THE NATION TO DELIVER ITS SKILLS-BASED CURRICULUM IN THE CLASSROOM, AFTER SCHOOL CLUBS, GUEST SPEAKERS, LUNCHROOM DEMONSTRATIONS AND SCHOOL-WIDE AND COMMUNITY EVENTS SUCH AS HEALTH FAIRS, NATIONAL DAYS OF SERVICE AND PUBLIC CPR TRAININGS. THE HEALTHCROPS CURRICULUM IS ALIGNED WITH NATIONAL HEALTH EDUCATION STANDARDS AND VETTED THROUGH A BOARD OF MEDICAL EXPERTS. THE CURRICULUM IS REVISED EVERY OTHER YEAR WITH SUPPORT FROM EXPERTS. IN 2015, HEALTHCORPS TEAMED WITH CK-12 TO DISTRIBUTE FREE, INTERACTIVE AND CUSTOMIZABLE VERSIONS OF THE CURRICULUM FOR EDUCATORS AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Randy Kellogg Board Member | Trustee | 0.1 | $0 |
Dr Pedram Salimpour Board Member | Trustee | 0.1 | $0 |
Ms Kristin Thomas Board Member | Trustee | 0.1 | $0 |
Mr Douglas Wu Treasurer | OfficerTrustee | 0.1 | $0 |
Ms Connie Frankino Board Member | Trustee | 0.1 | $0 |
Mr Sifu Karl Romain Board Member | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Familycook Productions Program Training & License | 6/29/15 | $131,241 |
Adp Total Source Peo: Hr & Payroll Services | 6/29/15 | $107,424 |
Griffitts Ohara Llp Legal Services | 6/29/15 | $103,975 |
2k Consulting Director Of Communications | 6/29/15 | $101,878 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,129,735 |
| Related organizations | $0 |
| Government grants | $359,790 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,082,459 |
| Noncash contributions included in lines 1a–1f | $229,109 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,571,984 |
| Total Program Service Revenue | $214,250 |
| Investment income | $100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$542,071 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,256,803 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| 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. | $706,634 |
| Compensation of current officers, directors, key employees. | $75,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $901,631 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,814 |
| Payroll taxes | $124,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,154 |
| Fees for services: Accounting | $59,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,916 |
| Advertising and promotion | $8,729 |
| Office expenses | $127,679 |
| Information technology | $26,913 |
| Royalties | $0 |
| Occupancy | $44,087 |
| Travel | $23,137 |
| 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 | $14,341 |
| Insurance | $67,834 |
| All other expenses | $0 |
| Total functional expenses | $2,906,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,574,400 |
| Savings and temporary cash investments | $1,261,815 |
| Pledges and grants receivable | $586,442 |
| 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 | $31,251 |
| Net Land, buildings, and equipment | $45,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,885 |
| Total assets | $4,536,246 |
| Accounts payable and accrued expenses | $98,496 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $21,354 |
| Total liabilities | $219,850 |
| Net assets without donor restrictions | $3,363,033 |
| Net assets with donor restrictions | $953,363 |
| 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 | $4,536,246 |
Grants Awarded
Over the last fiscal year, Healthcorps Inc has awarded $1,182,281 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
NEWYORK PRESBYTERIAN PURPOSE: COVID-19 RELIEF | $150,000 |
MAIMONLDES HEALTH RESOURCES INC PURPOSE: COVID-19 RELIEF | $255,000 |
KIDS OF COURAGE PURPOSE: COVID-19 RELIEF | $488,531 |
MONMOUTH MEDICAL CENTER PURPOSE: COVID-19 RELIEF | $50,000 |
KINSA INC PURPOSE: COVID-19 RELIEF | $142,525 |
LIFE365 INC PURPOSE: COVID-19 RELIEF | $36,225 |