Tufts Health Plan Foundation Inc
- Assets
- $128.4m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, MA
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 26-1374263
Organization Overview
Tufts Health Plan Foundation Inc is located in Canton, MA. The organization was established in 2008. 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. Tufts Health Plan 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, Tufts Health Plan Foundation Inc generated $19.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $7.8m during the year ending 12/2021. While expenses have increased by 7.4% 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.
Since 2014, Tufts Health Plan Foundation Inc has awarded 836 individual grants totaling $34,179,325. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO IMPROVE THE HEALTH AND WELLNESS OF THE DIVERSE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORPORATE CITIZENSHIP (MATCH PROGRAM/SPONSORSHIPS)(SEE SCHEDULE O)
SYSTEMS & BEST PRACTICES GRANTS (SEE SCHEDULE O)
POLICY AND ADVOCACY GRANTS (SEE SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas O'neill III Director, Chair (end 7/5) | OfficerTrustee | 2 | $5,000 |
Benjamin Perkins Director | Trustee | 1 | $5,000 |
Charlotte Golar Richie Director | Trustee | 1 | $5,000 |
Jo Ann Simons Director | Trustee | 1 | $4,000 |
Mary Skelton Roberts Director | Trustee | 1 | $4,000 |
Greg Shell Director, Co-Chair (start 7/5) | OfficerTrustee | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,500,000 |
| 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 | $10,500,000 |
| Total Program Service Revenue | $0 |
| Investment income | $429,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,755,778 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,685,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,144,795 |
| 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. | $43,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $811,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $249,856 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $191,765 |
| Fees for services: Other | $100,899 |
| Advertising and promotion | $0 |
| Office expenses | $4,105 |
| Information technology | $68,234 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,143 |
| Interest | $0 |
| Payments to affiliates | $29,397 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,199 |
| All other expenses | $0 |
| Total functional expenses | $7,793,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,435,798 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,739 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $600,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $119,371,553 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,427,090 |
| Accounts payable and accrued expenses | $1,492,308 |
| 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 | $88,136 |
| Total liabilities | $1,580,444 |
| Net assets without donor restrictions | $126,846,646 |
| 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 | $128,427,090 |
Grants Awarded
Over the last fiscal year, Tufts Health Plan Foundation Inc has awarded $5,875,625 in support to 171 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: COVID Vaccine Fund Disaster Relief | $212,048 |
Lawrence, MA PURPOSE: Build Healthy Aging Programs Across NE | $200,000 |
Kansas City, MO PURPOSE: Matching Gifts | $200,000 |
Chicago, IL PURPOSE: 2021 Walk to End Alzheimer's | $168,273 |
Boston, MA PURPOSE: Age-Friendly Lowell | $160,000 |
Boston, MA PURPOSE: Organizing/Advocacy Equitable Recovery | $121,814 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tufts Health Plan Foundation Inc has recieved totaling $10,500,000.
| Awarding Organization | Amount |
|---|---|
Harvard Pilgrim Health Care Inc Canton, MA PURPOSE: FUND OPERATIONS | $10,000,000 |
Harvard Pilgrim Health Care Foundation Inc Canton, MA PURPOSE: COVID Vaccine Fund | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Newport Hospital Foundation Inc Newport, RI | $132,285,695 | $13,877,816 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
Tufts Health Plan Foundation Inc Canton, MA | $128,427,090 | $19,685,263 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |
Northeast Health Foundation Inc Albany, NY | $23,246,961 | $6,972,947 |
New York Foundling Charitable Corporation New York, NY | $0 | $3,656,772 |
Al Sigl Center For Rehabilitation Agencies Inc Rochester, NY | $54,423,589 | $5,794,950 |
St Anns Foundation Inc Rochester, NY | $59,915,340 | $4,860,702 |
Templeton Foundation Cooperstown, NY | $47,757,464 | $7,194,400 |
Israel Healthcare Foundation New York, NY | $6,879,692 | $6,486,334 |