Richmond Memorial Health Foundation
- Assets
- $0.0
- Revenue
- $4.3m
- Investments
- $79.7m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 07/1977
- Data as of
- 06/2021
- EIN
- 51-0211020
Organization Overview
Richmond Memorial Health Foundation is located in Richmond, VA. The organization was established in 1977. 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. Richmond Memorial Health 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 06/2021, Richmond Memorial Health Foundation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $5.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Richmond Memorial Health Foundation has awarded 545 individual grants totaling $24,282,900. 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
T
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark D Constantine PHD President & CEO | 40 | $509,167 | |
Deborah L Ulmer RN PHD Immediate Past Chair | 2 | $0 | |
Amy Strite Secretary | 2 | $0 | |
Reginald E Gordon Esquire Chair | 2 | $0 | |
Vanessa Walker Harris MD Trustee | 2 | $0 | |
A Dale Cannady Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust | 6/29/22 | $187,782 |
Gladys Washington | 6/29/22 | $136,550 |
Wythe Ave Consulting Llc | 6/29/22 | $108,600 |
Warren Whitney | 6/29/22 | $106,484 |
Boardwalk Consulting Llc | 6/29/22 | $81,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $460,884 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,459,008 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,294,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $534,587 |
| Pension plans, employee benefits | $268,678 |
| Depreciation | $11,358 |
| Occupancy | $203,211 |
| Travel, conferences, and meetings | $14,358 |
| Printing and publications | $170 |
| Total operating and administrative expenses | $2,483,222 |
| Contributions, gifts, grants paid | $3,115,895 |
| Total expenses and disbursements | $5,599,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,925 |
| Investments—mortgage loans | $0 |
| Investments—other | $79,663,891 |
| Other assets | $396,543,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Richmond Memorial Health Foundation has awarded $7,464,494 in support to 114 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS NOW PURPOSE: PROGRAM SUPPORT: GENERAL OPERATING SUPPORT | $45,000 |
BOYS AND GIRLS CLUBS OF METRO RICHMOND PURPOSE: PROGRAM SUPPORT: GENERAL OPERATING SUPPORT | $2,333 |
AMERICAN RED CROSS - VIRGINIA REGION PURPOSE: PROGRAM SUPPORT: 2022 AMERICAN RED CROSS HELP CAN'T WAIT BREAKFAST IN HONOR OF REGGIE GORGON | $5,000 |
BOYS AND GIRLS CLUBS OF METRO RICHMOND PURPOSE: PROGRAM SUPPORT: GENERAL OPERATING SUPPORT | $15,000 |
BETTER HOUSING COALITION PURPOSE: PROGRAM SUPPORT: GENERAL OPERATING SUPPORT | $35,000 |
CAPITAL AREA HEALTH NETWORK PURPOSE: PROGRAM SUPPORT: GENERAL OPERATING SUPPORT | $20,000 |