Ththe Grady Health Foundation Inc
- Assets
- $47.9m
- Revenue
- $23.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 58-2130437
Organization Overview
Ththe Grady Health Foundation Inc is located in Atlanta, GA. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ththe Grady Health 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 12/2022, Ththe Grady Health Foundation Inc generated $23.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $18.8m during the year ending 12/2022. While expenses have increased by 12.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GRADY HEALTH FOUNDATION IS TO GROW BOTH PHILANTHROPIC SUPPORT AND BROAD-BASED UNDERSTANDING OF THE CRITICAL ROLE THAT GRADY HEALTH SYSTEM PLAYS IN THE METRO ATLANTA REGION. (ALSO REFERRED TO AS THE FOUNDATION OR THE ORGANIZATION.)
Describe the Organization's Program Activity:
GRADY HEALTH SYSTEM OFFERS A FULL-RANGE OF MEDICAL SERVICES FOR ALL SEGMENTS OF THE COMMUNITY WHILE CONTINUING TO MAINTAIN A STRONG COMMITMENT TO THE NEEDS OF THE UNDERSERVED. PHILANTHROPIC FUNDS SUPPORT THREE KEY AREAS OF THE ORGANIZATION'S WORK: CAPITAL RENOVATION, ADVANCED MEDICAL TECHNOLOGY AND EQUIPMENT, AND CLINICAL PROGRAMS. CAPITAL RENOVATIONS INCLUDE CONTINUOUS MODERNIZATION AND IMPROVEMENTS ACROSS THE GRADY HEALTH SYSTEM TO ENSURE THE CONSISTENT DELIVERY OF THE HIGHEST QUALITY OF CARE. DONOR FUNDING ALSO SUPPORTED THE JESSE HILL MARKET, WHICH NOW HOUSES A FOOD PHARMACY, TEACHING KITCHEN AND FOOD PANTRY AS A WAY TO ADDRESS FOOD INSECURITY AND TEACH PATIENTS AND EMPLOYEES HOW TO BETTER CONTROL CHRONIC CONDITIONS THROUGH DIET. OTHER AREAS SUPPORTED BY DONOR FUNDS INCLUDE THE GEORGIA CANCER CENTER FOR EXCELLENCE, THE MARCUS TRAUMA CENTER, THE GRADY BURN CENTER, THE INFECTIOUS DISEASE PROGRAM, BEHAVIORAL HEALTH PROGRAMS, FOOD AS MEDICINE, AND EMERGENCY MEDICAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Drew W Evans President | OfficerTrustee | 2 | $0 |
David A Smith Secretary And Treasurer | OfficerTrustee | 2 | $0 |
Eliot Arnovitz Board Member | Trustee | 1 | $0 |
Deisha Barnett Board Member | Trustee | 1 | $0 |
Justin Berman Board Member | Trustee | 1 | $0 |
Ken Bernhardt Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Banyan Street Rent | 12/30/22 | $221,153 |
Medalist Sports Llc Event Consultants | 12/30/22 | $177,875 |
Friths Michel It Consultant | 12/30/22 | $121,706 |
Laura M Hardy Fundraising Consultant | 12/30/22 | $102,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,953,112 |
| Noncash contributions included in lines 1a–1f | $660,190 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,203,112 |
| Total Program Service Revenue | $650,301 |
| Investment income | $236,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$184,518 |
| Net Income from Fundraising Events | $1,533,238 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,438,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,630,799 |
| Grants and other assistance to domestic individuals. | $65,975 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,118,014 |
| Compensation of current officers, directors, key employees. | $559,007 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $833,748 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $161,300 |
| Fees for services: Investment Management | $14,126 |
| Fees for services: Other | $255,507 |
| Advertising and promotion | $0 |
| Office expenses | $10,770 |
| Information technology | $71,848 |
| Royalties | $0 |
| Occupancy | $266,563 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,272 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,884 |
| Insurance | $0 |
| All other expenses | $1,244,724 |
| Total functional expenses | $18,755,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,492,934 |
| Pledges and grants receivable | $6,617,642 |
| Accounts receivable, net | $43,900 |
| 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 | $317,441 |
| Net Land, buildings, and equipment | $11,667 |
| Investments—publicly traded securities | $2,968,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,495,153 |
| Total assets | $47,947,395 |
| Accounts payable and accrued expenses | $699,779 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| 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 | $1,698,262 |
| Total liabilities | $2,448,041 |
| Net assets without donor restrictions | $4,305,186 |
| Net assets with donor restrictions | $41,194,168 |
| 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 | $47,947,395 |
Grants Awarded
Over the last fiscal year, Ththe Grady Health Foundation Inc has awarded $8,010,509 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GRADY MEMORIAL HOSPITAL CORPORATION PURPOSE: GRADY CAPITAL CAMPAIGN | $4,869,578 |
GRADY MEMORIAL HOSPITAL CORPORATION PURPOSE: ADVANCED SURGERY CENTER | $1,587,231 |
GRADY MEMORIAL HOSPITAL CORPORATION PURPOSE: GENERAL SUPPORT | $1,542,952 |
GRADY MEMORIAL HOSPITAL CORPORATION PURPOSE: REHAB SERVICES | $8,873 |
GRADY MEMORIAL HOSPITAL CORPORATION PURPOSE: NURSING EDUCATION | $1,875 |