Owensboro Health Foundation Inc
- Assets
- $5.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Owensboro, KY
- Founding
- 04/1994
- Data as of
- 05/2022
- EIN
- 61-1251763
Organization Overview
Owensboro Health Foundation Inc, operating under the name Owensboro Health Foundation, is located in Owensboro, KY. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 05/2022, Owensboro Health Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owensboro Health 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 05/2022, Owensboro Health Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.3m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Owensboro Health Foundation has awarded 20 individual grants totaling $2,264,879. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE, STEWARD, AND DISTRIBUTE PHILANTROPIC FUNDS IN SUPPORT OF OWENSBORO HEALTH'S MISSION TO HEAL THE SICK AND IMPROVE HEALTH IN WESTERN KENTUCKY AND SOUTHERN INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS RAISED AND DISTRIBUTED BY OWENSBORO HEALTH FOUNDATION, INC. ARE IN SUPPORT OF THE CHARITABLE MISSION AND ACTIVITIES OF OWENSBORO HEALTH, INC. DURING THE REPORT PERIOD, 64 MAIN PROGRAMS SUPPORTED BY OWENSBORO HEALTH FOUNDATION, INC. IMPACTED THE LIVES OF 23,312 PEOPLE IN THE COMMUNITIES WE SERVE. POPULATIONS BENEFITTING THROUGH FOUNDATION FUNDING INCLUDE INDIVIDUALS WHO ARE UNINSURED OR UNDER-INSURED; BEREAVED PARENTS; CANCER SURVIVORS; CHILDREN WITH ASTHMA; CHILDREN ADMITTED TO THE OWENSBORO HEALTH EMERGENCY DEPARTMENT, SURGERY OR PEDIATRICS; NEW MOTHERS AND FATHERS; CANCER PATIENTS WHO CANNOT AFFORD MEDICINES; LOW-INCOME CANCER PATIENTS WITH CHRONIC LUNG AILMENTS; INDIVIDUALS FACING CRISES AND EMERGENCY SITUATIONS; NEONATAL INTENSIVE CARE PATIENTS; FAMILIES EXPERIENCING MEDICAL CRISES; MEDICAL PROFESSIONALS; ELDERLY INDIVIDUALS WHO ARE LOW INCOME; WORKING POOR AND RETIRED CANCER PATIENTS; INDIVIDUALS WITH PARKINSON'S DISEASE; AND PATIENTS WITH CHRONIC LUNG AILMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Naylor Dir Of Major And Plnd Gifts | Officer | 50 | $159,852 |
Greg Strahan President And CEO (thru 8/21) | OfficerTrustee | 2 | $0 |
Mark Marsh President And Ceo(start 06/21) | OfficerTrustee | 2 | $0 |
J Tab Quisenberry Board Treasurer | OfficerTrustee | 1 | $0 |
Jennifer Keller Board Vice-Chairperson | OfficerTrustee | 1 | $0 |
Tami Wilson Board Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $82,111 |
| Related organizations | $948,028 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $730,295 |
| Noncash contributions included in lines 1a–1f | $7,024 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,760,434 |
| Total Program Service Revenue | $0 |
| Investment income | $97,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $217,116 |
| Net Income from Fundraising Events | -$3,789 |
| Net Income from Gaming Activities | $3,206 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,074,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $309,677 |
| Grants and other assistance to domestic individuals. | $243,951 |
| 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 | $373,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,705 |
| Payroll taxes | $25,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,839 |
| Office expenses | $11,521 |
| Information technology | $124,011 |
| Royalties | $0 |
| Occupancy | $34,126 |
| Travel | $6,933 |
| 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 | $141 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,271,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $680,364 |
| Savings and temporary cash investments | $164,884 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,518 |
| Prepaid expenses and deferred charges | $33,852 |
| Net Land, buildings, and equipment | $323 |
| Investments—publicly traded securities | $4,832,963 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,178 |
| Total assets | $5,750,082 |
| Accounts payable and accrued expenses | $29,025 |
| Grants payable | $0 |
| Deferred revenue | $164,073 |
| 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 | $45,404 |
| Total liabilities | $238,502 |
| Net assets without donor restrictions | $3,298,229 |
| Net assets with donor restrictions | $2,213,351 |
| 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 | $5,750,082 |
Grants Awarded
Over the last fiscal year, Owensboro Health Foundation Inc has awarded $308,263 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Owensboro, KY PURPOSE: SUPPORT OF MISC PROGRAMMING | $228,263 |
KENTUCKY STATE TREASURER PURPOSE: DISASTER RELIEF | $40,000 |
MUHLENBERG CTY LT DISASTER RECOVERY CMTE PURPOSE: DISASTER RELIEF | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Owensboro Health Foundation Inc has recieved totaling $1,028,033.
| Awarding Organization | Amount |
|---|---|
Owensboro Health Regional Hospital Owensboro, KY PURPOSE: COMMUNITY SUPPORT | $948,028 |
St Elizabeth Medical Center Inc Edgewood, KY PURPOSE: Program Support | $50,000 |
Whas Crusade For Children Inc Louisville, KY PURPOSE: $15,000.00 FOR NICVIEW CAMERA SYSTEM. THE CRUSADE FOR CHILDREN ENCOURAGES YOUR NEXT REQUEST TO FOCUS ON DIRECT SERVICES TO CHILDREN. FEEL FREE TO REACH OUT TO OUR OFFICE TO DISCUSS OPTIONS FOR THE NEXT GRANT PERIOD TO OPTIMIZE OPPORTUNITIES WITH THE CRUSADE. | $15,000 |
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $2,073,808 |
| Net Contributions | $473,266 |
| Other Expense | $333,723 |
| Ending Balance | $2,213,351 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Jhsi Inc Cincinnati, OH | $218,143,713 | $11,934,726 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Akron Childrens Hospital Foundation Akron, OH | $226,447,307 | $32,651,405 |
Bethesda Inc Cincinnati, OH | $187,938,288 | $2,121,549 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |