The Northside Hospital Foundation Inc
- Assets
- $22.3m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/1985
- Data as of
- 09/2023
- EIN
- 58-1653541
Organization Overview
The Northside Hospital Foundation Inc is located in Atlanta, GA. The organization was established in 1985. 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. Northside Hospital 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 09/2023, Northside Hospital Foundation Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $3.5m during the year ending 09/2023. While expenses have increased by 16.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD STRONG AND HEALTHY COMMUNITIES BY CONNECTING DONORS, VOLUNTEERS AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORTHSIDE HOSPITAL FOUNDATION ("THE FOUNDATION") IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION DEDICATED TO NORTHSIDE HOSPITAL AND THE ENRICHMENT OF THE COMMUNITIES WE SERVE. OUR PHILANTHROPIC VISION IS TO BUILD STRONG AND HEALTHY COMMUNITIES BY CONNECTING DONORS, VOLUNTEERS AND RESOURCES.THE FOUNDATION HELPS CONNECT STAFF, PHYSICIANS AND THEIR FAMILIES AND FRIENDS TO COMMUNITY VOLUNTEER OPPORTUNITIES THROUGH ITS COMMUNITY CONNECTION PROGRAM. THE COMMUNITY CONNECTION PROGRAM SUPPORTS NORTHSIDE'S MISSION AND VALUES WHICH ARE ROOTED IN THE IMPORTANCE OF GIVING BACK TO THE COMMUNITIES WE SERVE.THE FOUNDATION CONNECTS DONORS, CHARITABLE FOUNDATIONS, CORPORATIONS AND COMMUNITY VOLUNTEERS TO RAISE FUNDS THROUGH EVENTS, GIVING CAMPAIGNS AND OTHER ACTIVITIES TO SUPPORT ESSENTIAL INITIATIVES SUCH AS STATE-OF-THE-ART TECHNOLOGY, RESEARCH, CLINICAL EDUCATION, COMMUNITY WELLNESS AND CHARITY CARE WHICH DIRECTLY IMPACT THE LIVES OF EACH FAMILY SERVED BY NORTHSIDE HOSPITAL.IN ADDITION, THE FOUNDATION WORKS WITH VOLUNTEERS WHO DONATE THEIR TIME, ENERGY AND TALENTS IN SUPPORT OF NORTHSIDE. IN FY2023, VOLUNTEERS DONATED MORE THAN 15,700 HOURS OF THEIR TIME. THESE COMMUNITY VOLUNTEER GROUPS ORGANIZED SPORTS FUNDRAISING ACTIVITIES AND EVENTS TO BENEFIT NORTHSIDE HOSPITAL'S HEALTH AND WELFARE PROGRAMS AND THE COMMUNITIES IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan L Cobb Board Chair | Trustee | 1 | $0 |
Anthony J Salvatore Board Member | Trustee | 1 | $0 |
Barry Silverman MD Board Member | Trustee | 1 | $0 |
Cindy Formica Board Member | Trustee | 1 | $0 |
Gail Neeld Board Vice Chair | Trustee | 1 | $0 |
George Mccallum Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $972,153 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,862,692 |
| Noncash contributions included in lines 1a–1f | $48,013 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,834,845 |
| Total Program Service Revenue | $0 |
| Investment income | $258,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$366,083 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,726,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $506,553 |
| Grants and other assistance to domestic individuals. | $1,912,643 |
| 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 | $650,221 |
| 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 | $10,572 |
| Advertising and promotion | $0 |
| Office expenses | $4,342 |
| Information technology | $28,278 |
| Royalties | $0 |
| Occupancy | $49,908 |
| 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 | $3,527,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,220,691 |
| Pledges and grants receivable | $101,566 |
| Accounts receivable, net | $1,908,624 |
| 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 | $19,655 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,080,943 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,331,479 |
| Accounts payable and accrued expenses | $2,296,854 |
| 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 | $2,296,854 |
| Net assets without donor restrictions | $20,506,949 |
| Net assets with donor restrictions | -$472,324 |
| 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 | $22,331,479 |