Metropolitan Health Foundation Inc
- Assets
- $1.9m
- Revenue
- $194.8k
- Investments
- $1.9m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 04/1976
- Data as of
- 12/2021
- EIN
- 51-0186144
Organization Overview
Metropolitan Health Foundation Inc is located in Richmond, VA. The organization was established in 1976. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Metropolitan Health 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 12/2021, Metropolitan Health Foundation Inc generated $194.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $181.6k during the year ending 12/2021. 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 2016, Metropolitan Health Foundation Inc has awarded 122 individual grants totaling $892,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH EDUCATION SUPPORT THROUGH NURSING SCHOLARSHIPS AND EQUIPMENT GRANTS AWARDED TO LOCAL COMMUNITY COLLEGES(2).
PROVIDE PUBLIC WELFARE BY SUPPORTING LOCAL CHRISTMAS AND SHOES FUNDS (4) AND LOCAL NOT-FOR-PROFIT ORGANIZATIONS (12).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles P Winkler MD President | 0 | $0 | |
Malcolm E Ritsch Jr Sec.-Treas. | 0 | $0 | |
W Barclay Bradshaw Exec Dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $43,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $151,201 |
| Capital Gain Net Income | $151,201 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $194,778 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,518 |
| Total operating and administrative expenses | $30,606 |
| Contributions, gifts, grants paid | $151,000 |
| Total expenses and disbursements | $181,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,151 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,917 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,888,448 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Metropolitan Health Foundation Inc has awarded $151,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, VA PURPOSE: PUBLIC WELFARE | $23,000 |
Richmond, VA PURPOSE: PUBLIC WELFARE | $20,000 |
J SARGEANT REYNOLDS COMM COLLEGE PURPOSE: NURSING SCHOLARSHIPS & EQUIPMENT | $16,500 |
JOHN TYLER COMMUNITY COLLEGE PURPOSE: NURSING SCHOLARSHIPS & EQUIPMENT | $16,500 |
Richmond, VA PURPOSE: PUBLIC WELFARE | $15,000 |
Richmond, VA PURPOSE: PUBLIC WELFARE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intrahealth International Inc Chapel Hill, NC | $25,698,138 | $95,131,742 |
Moses Cone Medical Services Inc Greensboro, NC | $66,450,127 | $85,429,043 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Bricklayers And Allied Craftworkers International Health Fund Washington, DC | $54,125,903 | $67,880,287 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Carolina Medicorp Enterprises Llc Winston Salem, NC | $11,898,708 | $46,315,888 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
Fauquier Health Foundation Warrenton, VA | $249,193,841 | $9,571,718 |
Chesapeake Regional Medical Group Chesapeake, VA | $4,557,734 | $12,231,172 |