Elizabeth Gamble Deaconess Home Association
- Assets
- $1.4b
- Revenue
- $144.2m
- Investments
- $419.2m
- Employees
- 5
- Location
- Cincinnati, OH
- Founding
- 02/1985
- Data as of
- 06/2022
- EIN
- 31-1082756
Organization Overview
Elizabeth Gamble Deaconess Home Association is located in Cincinnati, OH. The organization was established in 1985. 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. As of 06/2023, Elizabeth Gamble Deaconess Home Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth Gamble Deaconess Home Association 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, Elizabeth Gamble Deaconess Home Association generated $144.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $104.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AN IMPORTANT ELEMENT OF THE MISSION OF THE ORGANIZATION IS TO SUPPORT - CONT. ON SCHEDULE O AND BENEFIT, AT THE CORPORATION'S SOLE DISCRETION, THE CHRIST HOSPITAL HEALTH NETWORK AND THE CHRIST HOSPITAL, INC.
Describe the Organization's Program Activity:
AN IMPORTANT ELEMENT OF THE MISSION OF THE ELIZABETH GAMBLE DEACONESS HOME ASSOCIATION (EGDHA) IS TO SUPPORT AND BENEFIT, AT THE CORPORATION'S SOLE DISCRETION, THE CHRIST HOSPITAL HEALTH NETWORK AND THE CHRIST HOSPITAL, INC. SUPPORT PROVIDED IN THE FURTHERANCE OF THE MISSION WILL BE GUIDED BY CRITERIA ESTABLISHED FROM TIME TO TIME BY THE BOARD OF DIRECTORS. THE EGDHA PREFERS TO SUPPORT PROGRAMS AND PROJECTS WHICH: 1. WILL ENABLE THE CHRIST HOSPITAL HEALTH NETWORK AND ITS MEDICAL STAFF TO ENHANCE ITS EFFORTS TO PROVIDE AND DEMONSTRATE MEDICAL LEADERSHIP, CAPABILITIES AND REPUTATION; 2. WILL BENEFIT THE COMMUNITY AS WELL AS THE CHRIST HOSPITAL HEALTH NETWORK; 3. WILL ENHANCE THE REGIONAL CAPABILITIES AND REPUTATION OF THE CHRIST HOSPITAL HEALTH NETWORK AND ITS MEDICAL STAFF. THE BOARD OF - CONT. ON SCHEDULE O DIRECTORS OF EGDHA DESIRES TO MANAGE ITS RESOURCES IN A MANNER THAT WILL PRESERVE CAPITAL AND MAINTAIN PURCHASING POWER FOR FUTURE GENERATIONS. THE SUPPORT OF CURRENT PROGRAMS AND PROJECTS WILL BE DETERMINED WITH THIS CRITERION IN MIND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Kerry Clark Director | Trustee | 1 | $0 |
Thomas Gerdes Director | Trustee | 1 | $0 |
Victoria Buyniski Gluckman Director | Trustee | 1 | $0 |
Jeb Head Director | Trustee | 1 | $0 |
Robert Heimann Director | Trustee | 1 | $0 |
Roger Howe Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monticello Associates Advisory Services | 6/29/19 | $690,000 |
Gresham Partners Advisory Services | 6/29/19 | $279,167 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $12,023,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $131,920,977 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,170,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,096,477 |
| 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. | $349,093 |
| Compensation of current officers, directors, key employees. | $69,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,955 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,617 |
| Fees for services: Accounting | $87,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $750,000 |
| Fees for services: Other | $34,573 |
| Advertising and promotion | $0 |
| Office expenses | $65,595 |
| 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 | $3,920,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,209 |
| Insurance | $52,869 |
| All other expenses | -$81 |
| Total functional expenses | $104,537,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $515,651 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $441,090 |
| Net Land, buildings, and equipment | $56,117 |
| Investments—publicly traded securities | $985,944,677 |
| Investments—other securities | $419,229,907 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,157,401 |
| Total assets | $1,407,344,843 |
| Accounts payable and accrued expenses | $55,458,594 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $27,383,006 |
| 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 | $97,500,000 |
| Other liabilities | $0 |
| Total liabilities | $180,341,600 |
| Net assets without donor restrictions | $935,388,172 |
| Net assets with donor restrictions | $291,615,071 |
| 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 | $1,407,344,843 |