Calverthealth Foundation Inc

Organization Overview

Calverthealth Foundation Inc is located in Prince Frederick, MD. The organization was established in 1990. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Calverthealth 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 06/2023, Calverthealth Foundation Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE CALVERTHEALTH FOUNDATION IS FOCUSED ON THE DEVELOPMENT, OPTIMIZATION AND OPERATION OF MULTIPLE CHARITABLE DONATION PROGRAMS TO MAXIMIZE SUPPORT FOR CALVERTHEALTH MEDICAL CENTER AND ITS SUBSIDIARIES WHOSE VISION IS TO PROVIDE EXCEPTIONAL CARE AND MAKE A DIFFERENCE IN EVERY LIFE THEY TOUCH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRINCIPLE MISSION OF THE FOUNDATION IS TO SUPPORT CALVERTHEALTH MEDICAL CENTER, INC. IN FY 2023, THE FOUNDATION PROVIDED SUPPORT IN THE AMOUNT OF $569,502 TO CALVERTHEALTH MEDICAL CENTER, INC. THIS YEAR, SUPPORT WAS ALSO PROVIDED TO CALVERTHEALTH MEDICAL GROUP IN THE AMOUNT OF $183,231.


THE SECOND PRINCIPLE MISSION OF THE FOUNDATION IS TO ADMINISTER THE SCHOLARSHIP ENDOWMENT FUNDS FOR THE BENEFIT OF NURSING, ALLIED HEALTH AND MEDICAL DOCTORATE STUDENTS IN SUPPORT OF CALVERTHEALTH MEDICAL CENTER, INC. IN FY 2023, THE FOUNDATION AWARDED $172,231 IN SCHOLARSHIPS.


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Board, Officers & Key Employees

Name (title)Compensation
Bradford Jeremy
Ex-Officio - CEO Start 3/1/23
$0
Gardner Barbara
Ex-Officio - Chs Treasurer
$0
Anastasi Grace
Trustee
$0
Bowman Denise
Chair/secretary-Treasurer
$0
Cornellier Julie
Trustee
$0
Friedman Barry
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$381,794
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$780,712
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,162,506
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 -$104,559
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,057,947

Grants Awarded

Over the last fiscal year, Calverthealth Foundation Inc has awarded $752,733 in support to 2 organizations.

Grant RecipientAmount

CALVERTHEALTH MEDICAL CENTER INC

PURPOSE: FUND EQUIP PURCHASES & PROGRAM SERVICES

$569,502

CALVERT HEALTH SYSTEM INC

PURPOSE: FUND PROGRAM SERVICES.

$183,231
View Grant Profile

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