Virginia Health Care Foundation
- Assets
- $21.0m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Richmond, VA
- Founding
- 12/1992
- Data as of
- 06/2022
- EIN
- 54-1639924
Organization Overview
Virginia Health Care Foundation is located in Richmond, VA. The organization was established in 1992. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Virginia Health Care Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Health Care 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 06/2022, Virginia Health Care Foundation generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $6.5m during the year ending 06/2022. While expenses have increased by 1.3% 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 2015, Virginia Health Care Foundation has awarded 389 individual grants totaling $34,368,908. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE VIRGINIA HEALTH CARE FOUNDATIONS MISSION IS TO INCREASE ACCESS TO PRIMARY HEALTH CARE FOR UNINSURED AND MEDICALLY UNDERSERVED VIRGINIANS. VHCF UNDERWRITES AND ENGAGES IN INITIATIVES WHICH ENROLL UNINSURED
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO HEALTH SAFETY NET ORGANIZATIONS THESE GRANTS PRIMARILY UNDERWROTE THE SALARIES OF 42.45 FTE BEHAVIORAL HEALTH PROFESSIONALS, DENTISTS, NURSE PRACTITIONERS AND PHYSICIANS AT COMMUNITY HEALTH CENTERS, FREE CLINICS AND OTHER HEALTH CARE SAFETY NET ORGANIZATIONS THROUGHOUT VIRGINIA IN FY22, ENABLING THEM TO PROVIDE 34,081 PATIENT VISITS TO UNINSURED VIRGINIANS.
GRANTS FOR THE SALARIES OF 58 MEDICATION ASSISTANCE CASEWORKERS 46.15 FTES, WHO APPLIED FOR FREE PRESCRIPTION MEDICINES FROM PATIENT ASSISTANCE PROGRAMS FOR THEIR PATIENTS WITH CHRONIC DISEASES, GENERATING 108 MILLION IN FREE MEDICATIONS FOR 9,931 UNINSURED PATIENTS IN FY22. THEY ALSO HELPED OBTAIN DISCOUNTED LOW COST GENERIC MEDICINES WHEN FREE ONES WERE NOT AVAILABLE OBTAINED FREE EYEGLASSES AND CERTAIN MEDICAL SUPPLIES AND HELPED ELIGIBLE PATIENTS APPLY FOR MEDICAID.
GRANTS TO HELP IDENTIFY AND ENROLL ELIGIBLE UNINSURED CHILDREN AND ADULTS IN STATE-SPONSORED HEALTH INSURANCE MEDICAID AND FAMIS PROGRAMS. THESE GRANTS FUNDED THE SALARIES OF 20 OUTREACH WORKERS WHO IDENTIFIED AND ENROLLED OVER 7,745 UNINSURED CHILDREN AND ADULTS IN THE FAMIS AND MEDICAID PROGRAMS IN FY22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah D Oswalt Exec. Director And Secretary | Officer | 65 | $207,500 |
Rachel Rees Deputy Director | 40 | $129,047 | |
Cornelia Sullivan-Dews Controller | 40 | $118,181 | |
Christopher M Carney Chairman | OfficerTrustee | 1 | $0 |
Margaret G Vanderhye Vice-Chairman | OfficerTrustee | 0.75 | $0 |
Nicholas C Conte Treasurer | OfficerTrustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,630,571 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,039,519 |
| Noncash contributions included in lines 1a–1f | $45,892 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,670,090 |
| Total Program Service Revenue | $1,583,725 |
| Investment income | $247,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $672,257 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,173,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,875,543 |
| 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. | $212,500 |
| Compensation of current officers, directors, key employees. | $59,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,094,733 |
| Pension plan accruals and contributions | $65,156 |
| Other employee benefits | $158,457 |
| Payroll taxes | $92,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,511 |
| Fees for services: Accounting | $20,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,136 |
| Fees for services: Other | $55,275 |
| Advertising and promotion | $2,346 |
| Office expenses | $8,025 |
| Information technology | $239,360 |
| Royalties | $0 |
| Occupancy | $106,259 |
| Travel | $2,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,241 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,382 |
| Insurance | $23,788 |
| All other expenses | $26,906 |
| Total functional expenses | $6,487,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,226 |
| Savings and temporary cash investments | $1,257,174 |
| Pledges and grants receivable | $6,401,659 |
| Accounts receivable, net | $15,066 |
| 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 | $20,858 |
| Net Land, buildings, and equipment | $37,899 |
| Investments—publicly traded securities | $13,279,595 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,021,477 |
| Accounts payable and accrued expenses | $107,107 |
| Grants payable | $4,088,700 |
| Deferred revenue | $79,205 |
| 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 | $4,275,012 |
| Net assets without donor restrictions | $9,344,566 |
| Net assets with donor restrictions | $7,401,899 |
| 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 | $21,021,477 |
Grants Awarded
Over the last fiscal year, Virginia Health Care Foundation has awarded $4,188,652 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: Medication Assist Prog, Proj Conn/DMAS | $307,734 |
Laurel Fork, VA PURPOSE: Medication Assist Prg, Mental Health, Nurse Prac | $302,651 |
Fairfax, VA PURPOSE: Project Connect/DMAS | $197,381 |
Richmond, VA PURPOSE: Medication Assist Prg, Medical | $168,635 |
Arrington, VA PURPOSE: Medication Assistance Program, Medical | $160,563 |
Meadowview, VA PURPOSE: Mental Health | $158,609 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Virginia Health Care Foundation has recieved totaling $968,076.
| Awarding Organization | Amount |
|---|---|
Sentara Healthcare Norfolk, VA PURPOSE: PRIMARY HEALTHCARE FOR UNDERSERVED VIRGINIANS | $447,250 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: CONQUERING THE CONSEQUENCES OF COVID-19 | $200,000 |
Williamsburg Community Health Foundation Inc Williamsburg, VA PURPOSE: GREATER WILLIAMSBURG MEDICATION ASSISTANCE PROGRAM | $47,000 |
Williamsburg Community Health Foundation Inc Williamsburg, VA PURPOSE: GREATER WILLIAMSBURG MEDICATION ASSISTANCE PROGRAM | $47,000 |
Danville Regional Foundation Danville, VA PURPOSE: PROJECT CONNECT OUTREACH WORKER | $32,500 |
Danville Regional Foundation Danville, VA PURPOSE: PROJECT CONNECT OUTREACH WORKER | $32,500 |
Endowment Analysis
| Beg. Balance | $100,000 |
| Earnings | -$8,128 |
| Ending Balance | $91,872 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Charles Health Council Inc Jonesville, VA | $30,755,824 | $22,559,533 |
Columbus Regional Health Network Whiteville, NC | $1,057,901 | $11,595,687 |
Bmg Family Physicians Group Foundation Inc Memphis, TN | $2,662,368 | $14,210,561 |
North East Regional Board Of Dental Examiners Linthicum, MD | $16,752,515 | $24,941,986 |
Caromont Health Services Inc Gastonia, NC | $12,627,199 | $16,561,125 |
Independent Dialysis Foundation Inc Baltimore, MD | $12,580,929 | $14,363,302 |
U M Fdsp Associates Pa Baltimore, MD | $4,412,617 | $14,789,368 |
Hot Springs Health Program Inc Marshall, NC | $9,194,764 | $14,567,955 |
Tri State Community Health Center Inc Hancock, MD | $17,477,213 | $17,682,879 |
Rural Medical Services Inc Newport, TN | $13,091,989 | $16,255,098 |
High Country Community Health Boone, NC | $13,588,680 | $16,447,136 |
National Alliance Of State And Territorial Aids Directors Washington, DC | $9,712,969 | $12,449,778 |