Health Scholarships Inc
- Assets
- $60.8m
- Revenue
- $230.1m
- Investments
- $0.0
- Employees
- 4,979
- Location
- Gray, GA
- Founding
- 04/1999
- Data as of
- 06/2021
- EIN
- 58-1805305
Organization Overview
Health Scholarships Inc is located in Gray, GA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Health Scholarships Inc employed 4,979 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Scholarships 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 06/2021, Health Scholarships Inc generated $230.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $233.9m during the year ending 06/2021. While expenses have increased by 0.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE DEVELOPMENT, CONSTRUCTION, ACQUISITION, OWNERSHIP, LEASING, MANAGEMENT, AND OPERATION OF SKILLED HEALTH CARE FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEASED AND OPERATED SKILLED CARE, INTERMEDIATE CARE, AND OTHER HEALTH CARE RELATED FACILITIES AS A MEMBER OF AN INTEGRATED HEALTH CARE DELIVERY SYSTEM. CONSISTENT WITH THE POLICIES AND PROCEDURES PREVIOUSLY ADOPTED BY THE BOARD OF DIRECTORS OF COMMUNITY HEALTH SYSTEMS, INC., THE SECTION 509(A)(3) SUPPORTING ORGANIZATION AND PARENT ENTITY OF THE INTEGRATED HEALTH CARE DELIVERY SYSTEM OF WHICH THE ORGANIZATION IS A MEMBER, THE ORGANIZATION PROVIDES SUBSTANTIAL COMMUNITY BENEFIT TO THE COMMUNITIES IT SERVES PURSUANT TO BOTH COMMUNITY BENEFIT GUIDELINES AND A CHARITY CARE POLICY. THE ORGANIZATION CONTINUES TO ASSESS AND DEVELOP PROGRAMS TO BENEFIT THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reno Lambert Administrato | 40 | $144,695 | |
Paula Nemb Assist Dir N | 40 | $129,958 | |
Paula Paul Administrato | 40 | $124,843 | |
Cheryl Bloodworth Administrato | 40 | $121,684 | |
Glen Jones Lpn | 40 | $118,195 | |
Teresa W Moody Secretary | Officer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Assist Healthcare Services Inc Health Care | 6/29/21 | $6,775,788 |
Integra Rehabilitation Rehab Services | 6/29/21 | $11,835,680 |
Dougherty County Holdings Real Estate | 6/29/21 | $2,181,741 |
Baldwin Jones Main Llp Legal | 6/29/21 | $1,421,839 |
Jodanel Properties Llc Real Estate | 6/29/21 | $1,421,839 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,404,958 |
| 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 | $16,404,958 |
| Total Program Service Revenue | $209,474,584 |
| Investment income | $3,641,332 |
| 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 | $230,146,898 |
| 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 | $84,264,223 |
| Pension plan accruals and contributions | $1,678,795 |
| Other employee benefits | $10,933,967 |
| Payroll taxes | $6,232,869 |
| Fees for services: Management | $21,123,289 |
| Fees for services: Legal | $2,679,728 |
| Fees for services: Accounting | $147,800 |
| 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 | $28,141,388 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $196,727 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,057,130 |
| Insurance | $3,610,105 |
| All other expenses | $11,620,776 |
| Total functional expenses | $233,944,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,367,423 |
| 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 | $155,040 |
| Net Land, buildings, and equipment | $16,099,251 |
| Investments—publicly traded securities | $18,815,577 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,385,766 |
| Total assets | $60,823,057 |
| Accounts payable and accrued expenses | $17,155,014 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,080,000 |
| 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 | $10,128,614 |
| Total liabilities | $30,363,628 |
| Net assets without donor restrictions | $27,379,429 |
| Net assets with donor restrictions | $3,080,000 |
| 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 | $60,823,057 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Scholarships Inc Gray, GA | $60,823,057 | $230,146,898 |
John S And James L Knight Foundation Inc Miami, FL | $2,530,104,679 | $183,144,507 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |