Gbmc Foundation Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 03/1987
- Data as of
- 06/2021
- EIN
- 52-1411935
Organization Overview
Gbmc Foundation Inc is located in Baltimore, MD. The organization was established in 1987. 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. Gbmc 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE, RECEIVE, AND ADMINISTER FUNDS FOR THE BENEFIT OF GBMC HEALTHCARE, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY AS A NONPROFIT CHARITABLE ORGANIZATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ITS PURPOSE IS (1) TO RAISE, RECEIVE AND ADMINISTER FUNDS FOR THE BENEFIT OF, OR TO CARRY OUT AND ASSIST IN THE CHARITABLE, EDUCATION, HEALTH CARE AND OTHER PURPOSE AND FUNCTIONS OF GBMC HEALTHCARE, INC. AND GREATER BALTIMORE MEDICAL CENTER, INC., ORGANIZATIONS DESCRIBED UNDER SECTION 501(C)(3) AND EXEMPT FROM TAX UNDER SECTION 501(A) OF THE CODE; (2) TO HAVE AND EXERCISE TO THE EXTENT NECESSARY OR DESIRABLE FOR THE ACCOMPLISHMENT OF ANY OF THE CHARITABLE PURPOSES OF THE FOUNDATION AND IMPOSED BY SECTION 501(C)(3) OF THE CODE, ANY AND ALL POWERS CONFERRED UPON CORPORATIONS BY THE MARYLAND GENERAL CORPORATION LAWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Jenny Coldiron VP Dev./pres. Gbmc Foundation | OfficerTrustee | 40 | $0 |
John B Chessare MD Director/ceo Gbmc Healthcare | OfficerTrustee | 10 | $0 |
Ms Heidi Kenny Berman Chair | OfficerTrustee | 1 | $0 |
Mr Edwin R Mowbray III Treasurer | OfficerTrustee | 1 | $0 |
Ms Marilyn Davis Secretary | OfficerTrustee | 1 | $0 |
Mr Keith R Poisson Evp & COO Gbmc Hcare (retired 10/20) | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Gbmc Foundation Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
The Huether Foundation Inc Phoenix, MD PURPOSE: UNRESTRICTED | $5,000 |
David W Buck Family Foundation Inc Sparks, MD PURPOSE: GENERAL SUPPORT | $2,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Foundation For Delaware County Media, PA | $70,292,526 | $12,697,458 |
Potomac Healthcare Foundation Baltimore, MD | $18,480,223 | $9,146,627 |
Laborers Health & Safety Fund Of North America Washington, DC | $15,187,119 | $9,496,555 |
Bryn Mawr Hospital Foundation Bryn Mawr, PA | $102,040,001 | $12,922,519 |
Keswick Foundation Inc Baltimore, MD | $211,590,751 | $5,072,439 |
Hamot Health Foundation Erie, PA | $29,527,911 | $6,582,971 |
Arthur J Glatfelter Agency Inc Employee Health & Welfare Fund York, PA | $983,533 | $8,005,607 |
Chester County Hospital Foundation West Chester, PA | $10,349,003 | $7,395,932 |
Alliance Of Community Health Plans Inc Washington, DC | $10,215,442 | $8,020,025 |
Afscme Health And Welfare Fund Harrisburg, PA | $24,631,486 | $7,090,542 |
Luminis Health Anne Arundel Medical Center Foundation Inc Annapolis, MD | $88,116,046 | $5,760,071 |
Teamsters Local 922 Employers Health Trust Columbia, MD | $4,956,292 | $7,287,362 |