Hfsf Grants Management Inc
- Assets
- $143.3m
- Revenue
- $5.4m
- Investments
- $40.2m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 08/1988
- Data as of
- 12/2022
- EIN
- 65-0005383
Organization Overview
Hfsf Grants Management Inc is located in Miami, FL. The organization was established in 1988. 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. Hfsf Grants Management 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, Hfsf Grants Management Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $10.8m during the year ending 12/2022. While expenses have increased by 5.5% 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.
Since 2014, Hfsf Grants Management Inc has awarded 541 individual grants totaling $31,302,522. 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
OUR VISION IS FOR ALL SOUTH FLORIDIANS TO HAVE AN EQUAL OPPORTUNITY TO ACHIEVE OPTIMAL HEALTH AND WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC AND RESPONSIVE GRANTS: THE FOUNDATION'S STRATEGIC GRANT MAKING GOALS INCLUDE: ACCESS TO CARE, INTEGRATION OF HEALTH AND SOCIAL NEEDS AND FOSTERING THRIVING COMMUNITIES. THIS INCLUDES INCREASING ACCESS TO ROUTINE AND PREVENTIVE MEDICAL CARE; REDUCING HEALTH DISPARITIES BY ADVANCING A COLLABORATIVE SYSTEM ACROSS SECTORS, THAT ENABLES AND FACILITATES THE INTEGRATION OF SOCIAL NEEDS AND HEALTH CARE; AND IMPROVING THE SOCIAL AND ECONOMIC CONDITIONS THAT PROMOTE PHYSICAL, MENTAL AND EMOTIONAL WELL-BEING. THESE GRANTS CAN INCLUDE FUNDING IN EXCESS OF ONE YEAR.
STRATEGIC AND RESPONSIVE GRANTS: THE FOUNDATION'S STRATEGIC GRANT MAKING GOALS INCLUDE: ACCESS TO CARE, INTEGRATION OF HEALTH AND SOCIAL NEEDS AND FOSTERING THRIVING COMMUNITIES. THIS INCLUDES INCREASING ACCESS TO ROUTINE AND PREVENTIVE MEDICAL CARE; REDUCING HEALTH DISPARITIES BY ADVANCING A COLLABORATIVE SYSTEM ACROSS SECTORS, THAT ENABLES AND FACILITATES THE INTEGRATION OF SOCIAL NEEDS AND HEALTH CARE; AND IMPROVING THE SOCIAL AND ECONOMIC CONDITIONS THAT PROMOTE PHYSICAL, MENTAL AND EMOTIONAL WELL-BEING. THESE GRANTS CAN INCLUDE FUNDING IN EXCESS OF ONE YEAR.
ADMINISTRATIVE GRANTS: THESE GRANTS SUPPORT SMALLER PROJECTS UP TO $50,000 THAT TYPICALLY LAST ONE YEAR OR LESS. THE PROCESS FOR APPLYING IS LESS FORMAL AND AN ADMINISTRATIVE GRANT MAY ALSO BE AWARDED TO PROVIDE "BRIDGE" FUNDING FOR A RESPONSIVE GRANT, FUND SPECIAL PROJECTS, PLANNING GRANTS, AND SMALL EMERGENCY GRANTS.
ADMINISTRATIVE GRANTS: THESE GRANTS SUPPORT SMALLER PROJECTS UP TO $50,000 THAT TYPICALLY LAST ONE YEAR OR LESS. THE PROCESS FOR APPLYING IS LESS FORMAL AND AN ADMINISTRATIVE GRANT MAY ALSO BE AWARDED TO PROVIDE "BRIDGE" FUNDING FOR A RESPONSIVE GRANT, FUND SPECIAL PROJECTS, PLANNING GRANTS, AND SMALL EMERGENCY GRANTS.
OTHER PROGRAMS: THE FOUNDATION SUPPORTS INITIATIVES AND PROGRAMS ALIGNED WITH ITS MISSION AND STRATEGIC GOALS INCLUDING THE SOUTH FLORIDA ANCHOR ALLIANCE, THE BLACK HEALTH SUMMIT COMMUNITY SPONSORSHIPS AND SCHOLARSHIP SUPPORT FOR NURSING AND ALLIED HEALTH PROGRAMS.
OTHER PROGRAMS: THE FOUNDATION SUPPORTS INITIATIVES AND PROGRAMS ALIGNED WITH ITS MISSION AND STRATEGIC GOALS INCLUDING THE SOUTH FLORIDA ANCHOR ALLIANCE, THE BLACK HEALTH SUMMIT COMMUNITY SPONSORSHIPS AND SCHOLARSHIP SUPPORT FOR NURSING AND ALLIED HEALTH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael DE Lucca Vice Chairman | OfficerTrustee | 0.5 | $0 |
Barbara Fonte Secretary | OfficerTrustee | 0.5 | $0 |
Melida Akiti Chairwoman | OfficerTrustee | 0.5 | $0 |
Loreen Chant President/ceo | Officer | 34 | $315,981 |
Alecia Dillon CFO | Officer | 34 | $150,185 |
Janisse Schoepp VP Strategy | 34 | $163,601 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Callan Llc Invest. Consulting | 12/30/18 | $136,671 |
Sanderson Asset Management Invest. Management | 12/30/18 | $104,638 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $334,306 |
| Total Program Service Revenue | $0 |
| Investment income | $2,233,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,849,364 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,443,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,858,607 |
| 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. | $688,680 |
| Compensation of current officers, directors, key employees. | $103,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $552,485 |
| Pension plan accruals and contributions | $70,218 |
| Other employee benefits | $160,489 |
| Payroll taxes | $74,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,184 |
| Fees for services: Accounting | $32,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $735,700 |
| Fees for services: Other | $383,929 |
| Advertising and promotion | $16,002 |
| Office expenses | $119,798 |
| Information technology | $21,705 |
| Royalties | $0 |
| Occupancy | $187,134 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,678 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,086 |
| All other expenses | $4,845 |
| Total functional expenses | $10,766,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,380 |
| Savings and temporary cash investments | $471,908 |
| 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 | $1,210,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,914 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $101,207,774 |
| Investments—other securities | $40,176,613 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $143,284,589 |
| Accounts payable and accrued expenses | $185,761 |
| Grants payable | $6,385,388 |
| 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 | $1,400,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,647,026 |
| Total liabilities | $14,618,175 |
| Net assets without donor restrictions | $128,666,414 |
| Net assets with donor restrictions | $0 |
| 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 | $143,284,589 |
Grants Awarded
Over the last fiscal year, Hfsf Grants Management Inc has awarded $2,930,664 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR AGING INC PURPOSE: HOSPITAL TO HOME | $20,000 |
BANYAN HEALTH SYSTEMS PURPOSE: MEDICAL EQUIPMENT TO SUPPORT COMMUNITY ACTIVITIES & PROJECTS | $24,500 |
BANYAN HEALTH SYSTEMS PURPOSE: CAPACITY BUILDING VIA POPULATION HEALTHCARE AND HEALTH DATA ANALYTICS | $50,250 |
BACK ON MY FEET PURPOSE: CAPACITY BUILDING VIA POPULATION HEALTHCARE AND HEALTH DATA ANALYTICS | $10,000 |
ALLIANCE FOR AGING INC PURPOSE: NEXT STEPS - FINANCIAL AID | $20,000 |
BLACK NURSES ASSOCIATION MIAMI CHAPTER PURPOSE: ENHANCING HEALTH SCIENCE STUDENT SUCCESS INITIATIVE | $12,380 |