Health Foundation Of South Florida Inc
- Assets
- $29.2m
- Revenue
- $404.0k
- Investments
- $0.0
- Employees
- 14
- Location
- Miami, FL
- Founding
- 09/1988
- Data as of
- 12/2022
- EIN
- 65-0005384
Organization Overview
Health Foundation Of South Florida Inc is located in Miami, FL. The organization was established in 1988. 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 12/2022, Health Foundation Of South Florida Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Foundation Of South Florida 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, Health Foundation Of South Florida Inc generated $404.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $692.2k during the year ending 12/2022. 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
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melida Akiti Chairwoman | OfficerTrustee | 0.5 | $0 |
Michael DE Lucca Vice Chairman | OfficerTrustee | 0.5 | $0 |
Barbara Fonte Secretary | OfficerTrustee | 0.5 | $0 |
Nelson Adams Board Member | Trustee | 0.5 | $0 |
Javier Casillas Treasurer | OfficerTrustee | 0.5 | $0 |
Carol Fine Board Member | Trustee | 0.5 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $387,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,235 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $403,953 |
| 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. | $121,250 |
| Compensation of current officers, directors, key employees. | $90,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,568 |
| Pension plan accruals and contributions | $12,606 |
| Other employee benefits | $28,811 |
| Payroll taxes | $13,375 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,112 |
| Fees for services: Accounting | $5,873 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,009 |
| Fees for services: Other | $14,926 |
| Advertising and promotion | $4,614 |
| Office expenses | $28,803 |
| Information technology | $8,168 |
| Royalties | $0 |
| Occupancy | $2,245 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105,247 |
| Interest | $157,074 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,534 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $692,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,950 |
| Savings and temporary cash investments | $58,566 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,651 |
| 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 | $1,255,473 |
| Net Land, buildings, and equipment | $31,943 |
| Investments—publicly traded securities | $20,422,869 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,247,516 |
| Total assets | $29,185,968 |
| Accounts payable and accrued expenses | $1,308,476 |
| Grants payable | $0 |
| Deferred revenue | $250,000 |
| 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 | $4,550,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $575,710 |
| Total liabilities | $6,684,186 |
| Net assets without donor restrictions | $22,501,782 |
| 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 | $29,185,968 |