Genesis Health Services Foundation
- Assets
- $32.1m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Davenport, IA
- Founding
- 08/1995
- Data as of
- 06/2022
- EIN
- 42-1421670
Organization Overview
Genesis Health Services Foundation is located in Davenport, IA. The organization was established in 1995. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Genesis Health Services Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Health Services Foundation 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 06/2022, Genesis Health Services Foundation generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 7 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.
Since 2015, Genesis Health Services Foundation has awarded 21 individual grants totaling $8,104,409. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GENESIS HEALTH SERVICES FOUNDATION IS RAISE AND DISTRIBUTE RESOURCES TO ENHANCE THE DELIVERY OF CARE THROUGH GENESIS HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENESIS HEALTH SERVICES FOUNDATION (GENESIS FOUNDATION) MEETS THE HEALTHCARE NEEDS OF THE LOCAL COMMUNITY BY SOLICITING, MANAGING AND GRANTING CHARITABLE FUNDS FOR GENESIS HEALTH SYSTEM PROGRAMS AND SERVICES. THE FOUNDATION ASSISTS ASPIRING AND CURRENT NURSES THROUGH SCHOLARSHIPS AND CERTIFICATIONS, LEADING TO THE RECRUITMENT AND RETENTION OF HIGHLY QUALIFIED NURSING PROFESSIONALS. THIS INVESTMENT RESULTS IN BETTER PATIENT CARE. IN ADDITION TO NURSING EDUCATION, THE FOUNDATION'S SIGNATURE PROGRAMS INCLUDE FREE FLU VACCINATIONS FOR ELEMENTARY SCHOOL CHILDREN, BREAST IMAGING (E.G. MAMMOGRAMS) FOR PATIENTS WHO CANNOT AFFORD THESE LIFE-SAVING SERVICES, AND NURSE VISITS TO THE HOMES OF NEWBORNS TO ENSURE THEY HAVE A HEALTHY START IN LIFE. THE FOUNDATION ALSO PROVIDES CHARITY CARE TO PATIENTS THAT OTHERWISE MIGHT FORGO CARE FOR LACK OF MEANS, AND FUNDS AN EMPLOYEE EMERGENCY ASSISTANCE FUND FOR THOSE EMPLOYEES EXPERIENCING A PERSONAL OR FAMILY CRISIS. THE FOUNDATION'S INVESTMENT IN TECHNOLOGY BRINGS THESE ADVANCEMENTS TO PATIENTS AND THE COMMUNITY AT AN ACCELERATED PACE. IF NOT FOR THE FOUNDATION, THE CLARISSA C. COOK HOSPICE HOUSE WOULD NOT EXIST NOR CONTINUE TO PROVIDE END-OF-LIFE CARE, ESPECIALLY FOR THE LESS FORTUNATE. THE GENESIS FOUNDATION IMPROVES THE HEALTH AND WELLBEING OF THE COMMUNITIES SERVED BY GENESIS HEALTH SYSTEM IN COUNTLESS WAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | OfficerTrustee | 1.5 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1.5 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1.5 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1.5 | $0 |
Name Not Listed Board Member | Trustee | 1.5 | $0 |
Name Not Listed Board Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $298,223 |
| Related organizations | $55,620 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,211,175 |
| Noncash contributions included in lines 1a–1f | $38,847 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,565,018 |
| Total Program Service Revenue | $0 |
| Investment income | $517,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,069,887 |
| Net Income from Fundraising Events | -$107,242 |
| Net Income from Gaming Activities | $16,326 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,061,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,061,700 |
| Grants and other assistance to domestic individuals. | $652,242 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,345 |
| Compensation of current officers, directors, key employees. | $68,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,755 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,039 |
| Payroll taxes | $27,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $104,651 |
| Fees for services: Other | $24,858 |
| Advertising and promotion | $6,303 |
| Office expenses | $73,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,222 |
| Travel | $1,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,493,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,501 |
| Savings and temporary cash investments | $1,395,202 |
| Pledges and grants receivable | $146,139 |
| 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 | $9,975 |
| Investments—publicly traded securities | $30,330,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $211,116 |
| Total assets | $32,103,921 |
| Accounts payable and accrued expenses | $374,921 |
| Grants payable | $0 |
| Deferred revenue | $35,427 |
| 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 | $1,330,626 |
| Total liabilities | $1,740,974 |
| Net assets without donor restrictions | $1,364,935 |
| Net assets with donor restrictions | $28,998,012 |
| 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 | $32,103,921 |
Grants Awarded
Over the last fiscal year, Genesis Health Services Foundation has awarded $1,056,605 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GENESIS HEALTH SYSTEM IOWA PURPOSE: PAYMENTS TOWARDS FAMILY CONNECTS, CANCER CARE, EMPLOYEE APPRECIATION, PHYSICAL THERAPY AND CATH LAB REMODELS, HOMECARE, DIABETIC EDUCATION PROGRAMS.; AND FUNDS TO SUPPORT HOSPICE HOUSE AND SCOCIAL WORKER FOR CARDIOLOGY PATIENTS. | $1,028,024 |
GILDA'S CLUB QUAD CITIES PURPOSE: Camp Program for children who have been touched by cancer in their lives | $20,000 |
WELLSPIRE PURPOSE: Wireless network expansion for senior residents in nursing facility | $8,581 |