Healthnet Foundation Inc
- Assets
- $491.2k
- Revenue
- $275.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 38-4090140
Organization Overview
Healthnet Foundation Inc is located in Indianapolis, IN. The organization was established in 2019. According to its NTEE Classification (E70) the organization is classified as: Public Health, 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. Healthnet 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 12/2022, Healthnet Foundation Inc generated $275.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $107.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HEALTHNET FOUNDATION, INC. IS TO PROVIDE ENDURING SUPPORT FOR HEALTHNET'S HEALTH CENTERS AND PROGRAMS THROUGH FUNDING AND CULTIVATION OF COMMUNITY FRIENDSHIPS, PARTNERS, AND DONORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEALTHNET FOUNDATION'S VISION IS TO BE RECOGNIZED AS A TRUSTED PHILANTHROPIC LEADER IN THE COMMUNITIES WE SERVE THROUGH THE DELIVERY OF THE HIGHEST QUALITY DONOR SERVICES, CUSTOMIZED AND UNIQUE GRANT AND SCHOLARSHIP PROGRAMS, AND BOLD INITIATIVES THAT ADDRESS COMMUNITY HEALTHCARE NEEDS, TO INCLUDE: SOCIAL DETERMINANTS OF HEALTH. DURING 2022, THE FOUNDATION CONTINUED THE PATIENT ASSISTANCE FUND, AWARDED SCHOLARSHIPS, AND RAISED FUNDS FOR A MOBILE HEALTH UNIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Steve Thompson Board Member | Trustee | 2 | $0 |
Tracy Grady Treasurer | OfficerTrustee | 2 | $0 |
Marcus Debro Vice President | OfficerTrustee | 2 | $0 |
Keith Jewell Chairperson & President | OfficerTrustee | 2 | $0 |
Jonathan Lowery Board Member | Trustee | 2 | $0 |
Yvonne Harrington Board Member | Trustee | 2 | $0 |
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 | $275,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,718 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,149 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,577 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,930 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,851 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $2,053 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,534 |
| All other expenses | $657 |
| Total functional expenses | $107,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,110 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,070 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $491,180 |
| Accounts payable and accrued expenses | $245,066 |
| 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 | $0 |
| Total liabilities | $245,066 |
| Net assets without donor restrictions | $246,114 |
| 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 | $491,180 |