Georgia Health Initiative
- Assets
- $138.3m
- Revenue
- $6.9m
- Investments
- $108.8m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 58-2418091
Organization Overview
Georgia Health Initiative is located in Atlanta, GA. The organization was established in 1999. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Georgia Health Initiative 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 12/2023, Georgia Health Initiative generated $6.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $8.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Georgia Health Initiative has awarded 350 individual grants totaling $16,253,222. 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.
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Board, Officers & Key Employees
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cevian Capital | 12/30/23 | $534,126 |
Westwood Global Investments | 12/30/23 | $79,987 |
Davidson Kempner Capital Management | 12/30/23 | $102,407 |
Crewcial Partners | 12/30/23 | $178,385 |
Generation Im Fund | 12/30/23 | $76,438 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,621,679 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,030,040 |
| Capital Gain Net Income | $6,210,011 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,851,719 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $580,410 |
| Other employee salaries and wages | $723,245 |
| Pension plans, employee benefits | $199,662 |
| Interest | $0 |
| Taxes | $302,380 |
| Depreciation | $30,814 |
| Occupancy | $793,930 |
| Travel, conferences, and meetings | $122,495 |
| Printing and publications | $267 |
| Other expenses | $753,888 |
| Total operating and administrative expenses | $5,890,610 |
| Contributions, gifts, grants paid | $2,769,402 |
| Total expenses and disbursements | $8,660,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,654,559 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $64,199 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $32,069,163 |
| Net Land, buildings, and equipment | $118,672 |
| Other assets | $11,665,032 |
| Total assets | $138,345,394 |
| Accounts payable and accrued expenses | $202,344 |
| Grants payable | $207,989 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $312,312 |
| Total liabilities | $722,645 |
Grants Awarded
Over the last fiscal year, Georgia Health Initiative has awarded $2,719,396 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
1ACCORD VIDEOS MEDIA PURPOSE: SUPPORT TO PROVIDE DIRECT FINANCIAL ASSISTANCE TO SUPPORT SMALL BUSINESS RECOVERY IN SOUTHWEST GEORGIA | $20,850 |
AMERICAN HEART ASSOCIATION INC PURPOSE: DIRECTED/MATCHING GIFT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $1,000 |
4KIRA 4MOMS PURPOSE: DIRECTED/MATCHING GIFT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $575 |
ATLANTA VOLUNTEER LAWYERS FOUNDATION PURPOSE: DIRECTED/MATCHING GIFT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $5,000 |
AUGUSTA ARSENAL SOCCER CLUB PURPOSE: DIRECTED/MATCHING GIFT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $5,000 |
BLACK MAMAS MATTER PURPOSE: DIRECTED/MATCHING GIFT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $1,500 |