Bloomington Health Foundatoin Inc
- Assets
- $31.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, IN
- Founding
- 02/1988
- Data as of
- 12/2021
- EIN
- 35-1720795
Organization Overview
Bloomington Health Foundatoin Inc is located in Bloomington, IN. The organization was established in 1988. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Bloomington Health Foundatoin 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, Bloomington Health Foundatoin Inc generated $1.1m 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 (15.5%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bloomington Health Foundatoin Inc has awarded 37 individual grants totaling $9,882,068. 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
HELPING THE PEOPLE OF BLOOMINGTON AND SURROUNDING COMMUNITIES LEAD HEALTHIER LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE COMMITTED TO HELPING THE PEOPLE OF BLOOMINGTON AND SURROUNDING COMMUNITIES LEAD HEALTHIER LIVES. WE INVEST IN AND PARTNER WITH THE PEOPLE AND ORGANIZATIONS OF OUR COMMUNITY TO IMPLEMENT INNOVATIVE, EVIDENCE-BASED SOLUTIONS TO OUR COMMUNITY'S MOST PRESSING HEALTH ISSUES.STEPS TAKEN INCLUDE THE FOLLOWING:CONVENE COMMUNITY LEADERS TO IDENTIFY OUR MOST PRESSING HEALTH ISSUES; SEEK INPUT FROM LOCAL, STATE, NATIONAL AND GLOBAL LEADERS TO PROVIDE INNOVATIVE AND EVIDENCE-BASED SOLUTIONS; INSPIRE PHILANTHROPIC SUPPORT AND LEVERAGE EXISTING ASSETS TO IMPLEMENT SOLUTIONS WITH COMMUNITY PARTNERS AND OTHER STAKEHOLDERS.VALUES: LOCAL: COMMUNITY GOVERNANCE AND DECISION-MAKING COLLABORATION: ACHIEVING MORE TOGETHER INNOVATION: BOLD SOLUTIONS THAT ARE RELEVANT AND EVIDENCE-BASED IMPACT: COMPELLING PHILANTHROPIC OPPORTUNITIES FOR OUR DONORS INTEGRITY: ACTIONS THAT INSPIRE TRUST AND CONFIDENCE EXCELLENCE: HIGHEST QUALITY AND VALUE POSSIBLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Robinson Interim Pres/ceo Part Yr/coo Part Yr | Officer | 40 | $111,359 |
Michelle Gilchrist President & Ceo/part Yr | Officer | 40 | $44,968 |
Tedd Green Chair | OfficerTrustee | 2 | $0 |
Lee Carmichael Secretary | OfficerTrustee | 1 | $0 |
Don Lukes Treasurer | OfficerTrustee | 2 | $0 |
Allen Dunn Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,351 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $380,985 |
| Noncash contributions included in lines 1a–1f | $3,702 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,916 |
| Total Program Service Revenue | $6,286 |
| Investment income | $538,151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $173,483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,105,836 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,410,276 |
| 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. | $169,073 |
| Compensation of current officers, directors, key employees. | $87,669 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,899 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,745 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,311 |
| Fees for services: Accounting | $41,862 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,382 |
| Fees for services: Other | $48,246 |
| Advertising and promotion | $21,672 |
| Office expenses | $5,572 |
| Information technology | $18,976 |
| Royalties | $0 |
| Occupancy | $11,530 |
| Travel | $9,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,688 |
| Interest | $608 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,741 |
| Insurance | $13,050 |
| All other expenses | $5,115 |
| Total functional expenses | $4,939,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,671,740 |
| Pledges and grants receivable | $15,122 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,292 |
| Investments—publicly traded securities | $29,075,163 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $584,109 |
| Total assets | $31,349,426 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,723,775 |
| 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 | $267 |
| Total liabilities | $1,724,042 |
| Net assets without donor restrictions | $23,823,831 |
| Net assets with donor restrictions | $5,801,553 |
| 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 | $31,349,426 |
Grants Awarded
Over the last fiscal year, Bloomington Health Foundatoin Inc has awarded $4,252,103 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: GRANTS MADE TO VARIOUS PROGRAMS | $3,733,575 |
Indianapolis, IN PURPOSE: GRANTS MADE TO VARIOUS PROGRAMS | $310,988 |
Bloomington, IN PURPOSE: GRANTS MADE TO VARIOUS PROGRAMS | $93,388 |
Bloomington, IN PURPOSE: GRANTS MADE TO VARIOUS PROGRAMS | $45,942 |
Bloomington, IN PURPOSE: GRANTS MADE TO VARIOUS PROGRAMS | $39,012 |
Nashville, TN PURPOSE: GRANTS MADE TO VARIOUS PROGRAMS | $15,698 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Bloomington Health Foundatoin Inc has recieved totaling $31,199.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $9,600 |
Wahl Family Charitable Trust 310135 017 Evansville, IN PURPOSE: PROGRAM SUPPORT | $7,500 |
Premier Healthcare Foundation Inc Bloomington, IN PURPOSE: VARIOUS PROGRAMS | $7,500 |
Curry Family Foundation Bloomington, IN PURPOSE: ASSIST ORGANIZATION | $6,599 |
Endowment Analysis
| Beg. Balance | $10,018,831 |
| Earnings | $328,928 |
| Net Contributions | $371,148 |
| Grants | $5,967,669 |
| Ending Balance | $4,751,238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Hoosier Cancer Research Network Inc Indianapolis, IN | $13,291,653 | $12,660,733 |
Stagehands Union Local No 2 Health And Welfare Fund Oak Brook, IL | $8,693,853 | $9,920,428 |
Boniface Foundation St Louis, MO | $337,979,299 | $24,215,737 |