Healthcare Initiatives Inc
- Assets
- $19.7m
- Revenue
- $709.7k
- Investments
- $19.5m
- Employees
- 1
- Location
- Indianapolis, IN
- Founding
- 07/2004
- Data as of
- 12/2023
- 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 an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2023, fka HCEI Inc generated $709.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, fka HCEI Inc has awarded 315 individual grants totaling $4,751,855. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth L Sonner Vice Chairman/treasurer | 3 | $23,000 | |
Timothy Harden Secretary | 1 | $20,000 | |
Edward R Schmidt Chairman | 3 | $26,000 | |
W Jason Deppen Director | 1 | $0 | |
Patricia Roe Director | 1 | $20,000 | |
Haley Gilroy President/executive Director | 30 | $112,500 |
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 |
Parkview Research Center Qio Program Services | 12/30/15 | $0 |
Ecp South Perry Road Llc Rent | 12/30/15 | $0 |
Anthem Blue Cross Blue Shield Medical Insurance | 12/30/15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,243 |
| Dividends & Interest | $305,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $402,123 |
| Capital Gain Net Income | $402,123 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $709,716 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $221,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,651 |
| Depreciation | $0 |
| Occupancy | $19,816 |
| Travel, conferences, and meetings | $13,437 |
| Printing and publications | $0 |
| Other expenses | $186,485 |
| Total operating and administrative expenses | $519,344 |
| Contributions, gifts, grants paid | $689,725 |
| Total expenses and disbursements | $1,209,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $72,202 |
| 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 | $55,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,819 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $53,994 |
| Total assets | $19,692,502 |
| Accounts payable and accrued expenses | $20,951 |
| 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 | $23,660 |
| Total liabilities | $44,611 |
Grants Awarded
Over the last fiscal year, Healthcare Initiatives Inc has awarded $689,725 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF DERMATOLOGY PURPOSE: CAMP DISCOVERY | $2,500 |
ASCENT 121 PURPOSE: VICTIM SERVICES | $25,000 |
CHILDREN'S THERAPLAY FOUNDATION PURPOSE: GENERAL SUPPORT - IHO JASON DEPPEN | $10,000 |
COMMUNITY HEALTH NETWORK FOUNDATION PURPOSE: BEHAVIORAL CRISIS RELIEF | $2,500 |
DIABETES YOUTH FOUNDATION OF INDIANA PURPOSE: GENERAL SUPPORT | $5,000 |
DOVE RECOVERY HOUSE FOR WOMEN PURPOSE: GENERAL SUPPORT - STEPS TO SUCCES AFTERCARE PROGRAM | $25,000 |