Genesis Health Services Foundation

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 27 individual grants totaling $11,057,356. 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.

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)Compensation
Name Not Listed
Board Member
$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

Grants Awarded

Over the last fiscal year, Genesis Health Services Foundation has awarded $1,056,605 in support to 3 organizations.

Grant RecipientAmount

GENESIS HEALTH SYSTEM IOWA

Org PageRecipient Profile

Davenport, IA

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

Org PageRecipient Profile

Davenport, IA

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
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Genesis Health Services Foundation has recieved totaling $2,500.

Awarding OrganizationAmount
Charles R And Nancy L Charitable Foundation

Pleasant Valley, IA

PURPOSE: CLARISSA C COOK HOSPICE HOUSE

$1,500
William T Prichard Iii Fund

Portland, OR

PURPOSE: GENERAL FUND

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$20,151,902
Earnings-$2,392,475
Admin Expense$167,722
Net Contributions$218,922
Other Expense$326,837
Grants$5,000
Ending Balance$17,478,790

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