Community Health Network Foundation Inc
- Assets
- $99.3m
- Revenue
- $19.6m
- Investments
- $0.0
- Employees
- 20
- Location
- Indianapolis, IN
- Founding
- 03/1976
- Data as of
- 12/2023
- EIN
- 51-0181688
Organization Overview
Community Health Network Foundation Inc is located in Indianapolis, IN. The organization was established in 1976. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2023, Community Health Network Foundation Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Health Network 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 12/2023, Community Health Network Foundation Inc generated $19.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $18.4m during the year ending 12/2023. While expenses have increased by 9.8% per year over the past 9 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 2014, Community Health Network Foundation Inc has awarded 56 individual grants totaling $70,060,170. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE COMMUNITY HEALTH NETWORK FOUNDATION, INC. ("CHF") IS TO SUPPORT THE CAREGIVERS OF COMMUNITY HEALTH NETWORK ("CHNW"), WHO ARE DEDICATED TO ENHANCING THE HEALTH OF THE COMMUNITIES WE SERVE. CHF SUPPORTS THE HEALTH NETWORK'S MISSION BY SECURING FUNDS FROM DONORS, FUNDERS, AND GRANTS, ALLOCATING THESE RESOURCES IN SUPPORT OF PROGRAMS AND SERVICES OF CHNW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HEALTH NETWORK FOUNDATION, INC. ("CHF") PROVIDES MILLIONS ANNUALLY IN OPERATIONAL AND CAPITAL PHILANTHROPIC DOLLARS RAISED FROM BENEVOLENT DONORS TO HELP COMMUNITY HEALTH NETWORK ("CHNW") FULFILL ITS MISSION OF BUILDING HEALTHIER COMMUNITIES. THROUGH ITS ALLOCATION OF FUNDS, CHF ADDRESSES NEED IN CHALLENGING AREAS OF HEALTHCARE INCLUDING BEHAVIORAL CARE, CARDIOVASCULAR, ONCOLOGY, TOBACCO CESSATION, WOMEN'S AND CHILDREN'S CARE, AND OTHERS. THE CUTTING-EDGE GRAIL GALLERI TEST ACCURATELY DETECTS MULTIPLE TYPES OF CANCERS NOT OTHERWISE DETECTABLE BY EXISTING SCREENS, THROUGH A SINGLE BLOOD DRAW. THE COMMUNITY CONNECTIONS PROGRAM CLOSES THE GAP BETWEEN CLINICAL AND COMMUNITY-BASED SERVICES THAT AFFECT UNDERSERVED POPULATIONS. PATIENT AND CAREGIVER ASSISTANCE PROGRAMS PROVIDE TRANSPORTATION SOLUTIONS TO DELIVER PATIENTS FOR CARE ACROSS THE NETWORK THROUGH UBER HEALTH AND OUR MABEL'S RIDE PROGRAM, HOUSING AND FAMILY CONNECTIONS PROGRAMS AT COMMUNITY FAIRBANKS RECOVERY CENTER, AND HEALTH SCREENINGS AT THE BLACK AND MINORITY HEALTH FAIR. CHF SUPPORTS THE CHOICE PROGRAM, LEADING THE STATE IN ADDRESSING THE OPIOID CRISIS AMONG PREGNANT WOMEN AND THEIR INFANTS. YOUTH BEREAVEMENT PROGRAMS REACH STUDENTS WHO HAVE SUFFERED A LOSS OF A FAMILY MEMBER. IN SCHOOLS, CHF SUPPORTS NURSING CARE FOR OVER A MILLION STUDENTS, AND BEHAVIORAL CARE FOR A QUARTER MILLION CHILDREN. ADDITIONALLY, CHF FUNDS INITIATIVES IN CHAPLAINCY SERVICES, REDUCES HEART FAILURE READMISSION RATES THROUGH NUTRITIONAL SUPPORTS AND BLOOD PRESSURE MONITORING, AND PROTECTS NEWBORNS WITH CAR SEATS, AND THROUGH THE BABE STORE, INCENTIVIZING INFANT CARE WITH FREE SUPPLIES.
CHF ANNUALLY AWARDS SCHOLARSHIPS TO NURSES AND OTHER PROFESSIONALS EMPLOYED BY CHNW TO GROW THE CAPABILITIES OF CHNW'S WORKFORCE AS THEY PURSUE CERTIFICATIONS, AND ASSOCIATE, BACHELOR, OR MASTER'S DEGREES. COMMUNITY'S NEWEST SCHOLARSHIP FUND IS THE AFRICAN AMERICAN LEGACY FUND, INTENDED TO PROPEL AFRICAN AMERICAN COLLEAGUES IN THE DIRECTION OF THEIR PROFESSIONAL AMBITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan A Mills Non-Voting Director | Trustee | 2 | $0 |
Patrick Mcgill MD Director | Trustee | 2 | $0 |
Robin Ledyard MD Director | Trustee | 2 | $0 |
Joyce Irwin Non-Voting Dir/president | Officer | 50 | $403,546 |
Jon Jansen MD Director | Trustee | 2 | $0 |
Bente Weitekamp VP Development | 45 | $237,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,361,032 |
| Related organizations | $2,482,833 |
| Government grants | $8,161,416 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,573,988 |
| Noncash contributions included in lines 1a–1f | $352,186 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,579,269 |
| Total Program Service Revenue | $0 |
| Investment income | $1,388,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,064,789 |
| Net Income from Fundraising Events | -$1,501,931 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,567,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,830,759 |
| Grants and other assistance to domestic individuals. | $1,617,385 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,019,889 |
| Compensation of current officers, directors, key employees. | $746,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,159,596 |
| Pension plan accruals and contributions | $147,410 |
| Other employee benefits | $249,427 |
| Payroll taxes | $210,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $972 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $239,963 |
| Fees for services: Investment Management | $112,927 |
| Fees for services: Other | $5,738 |
| Advertising and promotion | $0 |
| Office expenses | $50,836 |
| Information technology | $66,225 |
| Royalties | $0 |
| Occupancy | $81,457 |
| Travel | $7,283 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,133 |
| Insurance | $0 |
| All other expenses | $8,162 |
| Total functional expenses | $18,444,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,332,922 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,810,499 |
| Accounts receivable, net | $297,393 |
| 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 | $435,813 |
| Net Land, buildings, and equipment | $347,384 |
| Investments—publicly traded securities | $93,124,560 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $99,348,571 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,382,137 |
| 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 | $9,478,008 |
| Total liabilities | $11,860,145 |
| Net assets without donor restrictions | $45,436,472 |
| Net assets with donor restrictions | $42,051,954 |
| 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 | $99,348,571 |
Grants Awarded
Over the last fiscal year, Community Health Network Foundation Inc has awarded $11,761,737 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY HEALTH NETWORK INC PURPOSE: GENERAL SUPPORT | $6,815,007 |
FAIRBANKS HOSPITAL INC PURPOSE: GENERAL SUPPORT | $819,487 |
COMMUNITY HOME HEALTH SERVICES INC PURPOSE: GENERAL SUPPORT | $82,848 |
COMMUNITY HOWARD REGIONAL HEALTH INC PURPOSE: GENERAL SUPPORT | $1,270,240 |
COMMUNITY HOSPITAL SOUTH INC PURPOSE: GENERAL SUPPORT | $14,776 |
COMMUNITY PHYSICIANS OF IN INC PURPOSE: GENERAL SUPPORT | $2,759,379 |