Abbehealth Inc
- Assets
- $14.9m
- Revenue
- $875.8k
- Investments
- $0.0
- Employees
- 47
- Location
- Hiawatha, IA
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 42-1373123
Organization Overview
Abbehealth Inc, operating under the name Abbehealth, is located in Hiawatha, IA. The organization was established in 2019. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2022, Abbehealth employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abbehealth 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, Abbehealth generated $875.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 45.2% each year . All expenses for the organization totaled $527.5k during the year ending 12/2021. While expenses have increased by 52.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INTEGRATED HEALTH SERVICES & MANAGE COORDINATION OF SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADMINISTRATIVE AND MANAGEMENT SERVICES TO 2 NON-PROFIT ENTITIES WHO PROVIDE SERVICES TO AGING AND MENTALLY ILL POPULATIONS; ACHIEVING GREATER EFFICIENCY OF SERVICE BY COMBINING PROCESSES SUCH AS PAYROLL PROCESSING, ACCOUNTS PAYABLE, AS WELL AS MONITORING OF COMPLIANCE, ALLOWING AGENCIES TO FOCUS ON PROVISION OF DIRECT SERVICE TO OVER 13,000 CONSUMERS. EDUCATION SERVICES ARE PROVIDED FREE OF CHARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Allen FR 0522 Board Member | Trustee | 1 | $0 |
Peg Bradke FR 0522 Board Vice Chair | OfficerTrustee | 1 | $0 |
Mike Bringolf FR 0522 Board Member | Trustee | 1 | $0 |
Julie Damiano Board Member | Trustee | 1 | $0 |
Dean Einck To 0522 Board Member | Trustee | 1 | $0 |
Brian Globokar Board Chair (to 5/22) Board Member (fr 5/22) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,674 |
| Investment income | $27,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $159,447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $875,817 |
| Statement of Expenses | |
|---|---|
| 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. | $397,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $704,382 |
| Pension plan accruals and contributions | $25,655 |
| Other employee benefits | $242,948 |
| Payroll taxes | $78,832 |
| Fees for services: Management | -$1,661,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,212 |
| Fees for services: Other | $380,368 |
| Advertising and promotion | $3,082 |
| Office expenses | $83,411 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,964 |
| Travel | $5,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,818 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,195 |
| Insurance | $7,246 |
| All other expenses | $0 |
| Total functional expenses | $527,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,435,231 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $297,019 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $634,061 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $320,591 |
| Investments—publicly traded securities | $7,376,548 |
| Investments—other securities | $0 |
| Investments—program-related | $1,190,250 |
| Intangible assets | $0 |
| Other assets | $7,756 |
| Total assets | $14,900,355 |
| Accounts payable and accrued expenses | $569,422 |
| 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 | $10,894,345 |
| Total liabilities | $11,463,767 |
| Net assets without donor restrictions | $3,436,588 |
| 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 |
| Total liabilities and net assets/fund balances | $3,436,588 |