Healthcare Initiatives Inc
- Assets
- $22.4m
- Revenue
- $2.0m
- Investments
- $22.2m
- Employees
- 1
- Location
- Indianapolis, IN
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 35-1392974
Organization Overview
Healthcare Initiatives Inc, operating under the name fka HCEI Inc, is located in Indianapolis, IN. The organization was established in 2004. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. fka HCEI 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, fka HCEI Inc generated $2.0m 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 (6.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, fka HCEI Inc has awarded 356 individual grants totaling $5,701,292. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GRANTS AND CONTRIBUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haley Gilroy President/executive Director | 30 | $95,000 | |
Edward R Schmidt Chairman | 3 | $26,000 | |
Kenneth L Sonner Vice Chairman/treasurer | 3 | $23,000 | |
Timothy Harden Secretary | 1 | $20,000 | |
Robert Fisher Decd 10152021 Director | 1 | $20,000 | |
Patricia Roe Director | 1 | $20,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sourcecode North America It | 12/30/15 | $0 |
Mcdermott Will & Emery Legal | 12/30/15 | $0 |
Anthem Blue Cross Blue Shield Medical Insurance | 12/30/15 | $0 |
Ecp South Perry Road Llc Rent | 12/30/15 | $0 |
Parkview Research Center Qio Program Services | 12/30/15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58 |
| Dividends & Interest | $629,324 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,409,265 |
| Capital Gain Net Income | $1,409,265 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,038,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $204,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,366 |
| Depreciation | $0 |
| Occupancy | $16,761 |
| Travel, conferences, and meetings | $7,539 |
| Printing and publications | $0 |
| Other expenses | $192,055 |
| Total operating and administrative expenses | $480,497 |
| Contributions, gifts, grants paid | $938,500 |
| Total expenses and disbursements | $1,418,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,895 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $175,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,433 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,052 |
| Total assets | $22,413,997 |
| Accounts payable and accrued expenses | $5,979 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $16,954 |
| Total liabilities | $22,933 |
Grants Awarded
Over the last fiscal year, Healthcare Initiatives Inc has awarded $938,500 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
ST VINCENT FOUNDATION PURPOSE: NURSING SCHOLARSHIP PROGRAM/ONCOLOGY SUPPORT | $52,500 |
Indianapolis, IN PURPOSE: NEW UNIT/CLINICIAN TRAINING | $50,000 |
Indianapolis, IN PURPOSE: RECOVERY COACHING/MARKETING SUPPORT | $50,000 |
Indianapolis, IN PURPOSE: EDUCATION/SERVICES PROGRAMS | $50,000 |
Indianapolis, IN PURPOSE: NEW BUILDING CAPITAL CAMPAIGN | $50,000 |
Indianapolis, IN PURPOSE: PROJECT POINT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
District Council No 3 Painters And Allied Trades Welfare Fund Kansas City, MO | $14,755,417 | $11,842,707 |
Wisconsin Health Information Organization Inc Monona, WI | $2,005,888 | $2,109,941 |
Bhc Foundation St Louis, MO | $1,118,439 | $1,942,472 |
National Center For Healthcare Leadership Chicago, IL | $2,396,977 | $2,153,807 |
Healthcare Initiatives Inc Indianapolis, IN | $22,413,997 | $2,038,647 |
National Rural Recruitment & Retention Network Inc Jefferson City, MO | $896,817 | $946,911 |
Greater Milwaukee Business Group On Health Inc Sussex, WI | $0 | $24,936 |
Center For Healthcare Innovation Chicago, IL | $235,414 | $738,168 |
Kentucky Voices For Health Inc Louisville, KY | $412,067 | $450,103 |
Employers Forum Of Indiana Inc Carmel, IN | $830,360 | $1,022,300 |
American Academy Of Development Medicine And Dentistry Prospect, KY | $529,200 | $473,200 |
Smashsmard Inc Lincolnshire, IL | $140,411 | $258,108 |