Richmond Memorial Health Foundation
- Assets
- $476.8m
- 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 4 years, it has increased revenue by an average of 15.0% 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 431 individual grants totaling $16,818,406. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
T
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark D Constantine PHD President & CEO | 40 | $335,000 | |
Courtney W Worrell COO & VP For Finance & Admin | 40 | $199,587 | |
Albert Walker Managing Director Co | 40 | $112,750 | |
Fred Karnas Senior Fellow | 40 | $112,200 | |
Michael Smith Director Of Health E | 40 | $106,458 | |
Kendra Jones Dir Of Health Equity | 40 | $95,820 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust | 6/29/21 | $182,614 |
Wythe Ave Consulting Llc | 6/29/21 | $121,057 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $460,884 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,459,008 |
| Net Rental Income | $44,759 |
| Net Gain on Sale of Assets | $2,329,964 |
| Capital Gain Net Income | $2,329,964 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,294,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $534,587 |
| Other employee salaries and wages | $599,755 |
| Pension plans, employee benefits | $268,678 |
| Interest | $0 |
| Taxes | $53,238 |
| Depreciation | $11,358 |
| Occupancy | $203,211 |
| Travel, conferences, and meetings | $14,358 |
| Printing and publications | $170 |
| Other expenses | $199,365 |
| 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 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $34,216 |
| 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 | $116,988 |
| Net Investments - land, buildings, equipment | $36,368 |
| Investments—mortgage loans | $0 |
| Investments—other | $79,663,891 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $396,543,000 |
| Total assets | $476,845,388 |
| Accounts payable and accrued expenses | $136,555 |
| 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 | $136,555 |
Grants Awarded
Over the last fiscal year, Richmond Memorial Health Foundation has awarded $3,581,895 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, VA PURPOSE: PROGRAM SUPPORT: RENTAL/MORTGAGE ASSISTANCE | $187,500 |
Richmond, VA PURPOSE: PROGRAM SUPPORT: RENTAL/MORTGAGE ASSISTANCE | $142,500 |
CROSSOVER HEALTHCARE MINISTRY PURPOSE: PROGRAM SUPPORT: GENERAL OPERATING SUPPORT | $130,000 |
DAILY PLANET HEALTH SERVICES PURPOSE: PROGRAM SUPPORT: GENERAL OPERATING SUPPORT | $130,000 |
CAPITAL AREA HEALTH NETWORK PURPOSE: PROGRAM SUPPORT: GENERAL OPERATING SUPPORT | $100,000 |
Richmond, VA PURPOSE: PROGARM SUPPORT: GENERAL OPERATING SUPPORT | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Richmond Memorial Health Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
National Foundation For The Ctrs For Disease Contr & Prevention Inc Atlanta, GA PURPOSE: EMERGENCY RESPONSE FUND-CORONAVIRUS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Rowan Regional Medical Center Foundation Inc Winston Salem, NC | $63,491,170 | $11,479,503 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Johns Hopkins All Childrens Foundation Inc Baltimore, MD | $150,122,516 | $24,043,790 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Washington Wholesalers Health And Welfare Fund Columbia, MD | $20,227,407 | $10,192,011 |