Virginia Health Care Foundation
- Assets
- $24.4m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Richmond, VA
- Founding
- 12/1992
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Virginia Health Care Foundation generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $8.5m during the year ending 06/2023. While expenses have increased by 2.2% 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 439 individual grants totaling $39,445,003. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE VIRGINIA HEALTH CARE FOUNDATIONS MISSION IS TO INCREASE ACCESS TO PRIMARY HEALTH CARE, INCLUDING BEHAVIORAL HEALTH AND DENTAL SERVICES, FOR UNINSURED AND MEDICALLY UNDERSERVED VIRGINIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH ACCESS GRANTS THESE GRANTS PRIMARILY UNDERWROTE THE SALARIES OF 32.45 FTE BEHAVIORAL HEALTH PROFESSIONALS, DENTISTS, NURSE PRACTITIONERS AND PHYSICIANS AT COMMUNITY HEALTH CENTERS, FREE CLINICS AND OTHER HEALTH ACCESS ORGANIZATIONS THROUGHOUT VIRGINIA IN FY23, ENABLING THEM TO PROVIDE 48,034 PATIENT VISITS TO UNINSURED VIRGINIANS.
GRANTS FOR THE SALARIES OF 55 MEDICATION ASSISTANCE CASEWORKERS 41.45 FTES, WHO APPLIED FOR FREE PRESCRIPTION MEDICINES FROM PATIENT ASSISTANCE PROGRAMS FOR THEIR UNINSURED PATIENTS WITH CHRONIC DISEASES, GENERATING 120 MILLION IN FREE MEDICATIONS FOR 10,467 UNINSURED PATIENTS IN FY23. 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 21 OUTREACH WORKERS WHO IDENTIFIED AND ENROLLED 6,399 UNINSURED CHILDREN AND ADULTS IN THE FAMIS AND MEDICAID PROGRAMS IN FY23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah D Oswalt Exec. Director And Secretary | Officer | 65 | $207,375 |
Rachel Rees Deputy Director | 40 | $150,369 | |
Cornelia Sullivan-Dews Controller | 40 | $121,915 | |
Lisa Johnson MD Director | Trustee | 0.75 | $0 |
Regina Milteer Director | Trustee | 0.75 | $0 |
Margaret G Vanderhye Chairman | OfficerTrustee | 1 | $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 | $844,445 |
| Noncash contributions included in lines 1a–1f | $19,953 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,475,016 |
| Total Program Service Revenue | $5,028,016 |
| Investment income | $357,396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$201,438 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,658,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,011,157 |
| 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. | $212,375 |
| Compensation of current officers, directors, key employees. | $59,465 |
| Compensation to disqualified persons | $1,194,489 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $50,784 |
| Other employee benefits | $167,365 |
| Payroll taxes | $101,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,064 |
| Fees for services: Accounting | $22,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,633 |
| Fees for services: Other | $64,160 |
| Advertising and promotion | $3,009 |
| Office expenses | $9,502 |
| Information technology | $244,625 |
| Royalties | $0 |
| Occupancy | $106,259 |
| Travel | $16,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,346 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,122 |
| Insurance | $26,473 |
| All other expenses | $36,441 |
| Total functional expenses | $8,534,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,661 |
| Savings and temporary cash investments | $3,652,625 |
| Pledges and grants receivable | $6,172,575 |
| Accounts receivable, net | $36,686 |
| 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 | $26,291 |
| Net Land, buildings, and equipment | $64,906 |
| Investments—publicly traded securities | $14,208,060 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $182,839 |
| Total assets | $24,355,643 |
| Accounts payable and accrued expenses | $144,065 |
| Grants payable | $4,217,200 |
| Deferred revenue | $78,305 |
| 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 | $200,231 |
| Total liabilities | $4,639,801 |
| Net assets without donor restrictions | $10,432,624 |
| Net assets with donor restrictions | $9,283,218 |
| 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 | $24,355,643 |
Grants Awarded
Over the last fiscal year, Virginia Health Care Foundation has awarded $5,076,095 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
AAROW PROJECT PURPOSE: Mental Health | $37,500 |
AUGUSTA HEALTH FOUNDATION PURPOSE: Medication Assistance Program | $92,622 |
BALLAD HEALTH PURPOSE: Medication Assistance Program | $55,000 |
CARILION GILES COMMUNITY HOSPITAL PURPOSE: Medication Assistance Program | $35,880 |
CARILION NEW RIVER VALLEY MEDICAL CENTER PURPOSE: Medication Assistance Program | $36,587 |
BROCK HIGHES MEDICAL CENTER PURPOSE: Medication Assistance Program | $18,942 |