Avedis Foundation
- Assets
- $97.3m
- Revenue
- $9.9m
- Investments
- $84.7m
- Employees
- 5
- Location
- Shawnee, OK
- Founding
- 08/1989
- Data as of
- 06/2022
- EIN
- 73-1347360
Organization Overview
Avedis Foundation is located in Shawnee, OK. The organization was established in 1989. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Avedis Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avedis 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 06/2022, Avedis Foundation generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 48.7% each year . All expenses for the organization totaled $6.6m during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 4 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 2015, Avedis Foundation has awarded 168 individual grants totaling $19,335,811. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
BLUE ZONES PROJECT: SHARECARE WAS ENGAGED TO IMPLEMENT THE BLUE ZONES PROJECT TRANSFORMATION MODEL IN SHAWNEE, OKLAHOMA AND POTTAWATOMIE COUNTY. BLUE ZONES PROJECT IS A COMMUNITY-WIDE WELL-BEING IMPROVEMENT INITIATIVE TO HELP MAKE HEALTHY CHOICES EASIER FOR EVERYONE IN OUR COMMUNITY. BLUE ZONES PROJECT ENCOURAGES CHANGES IN OUR COMMUNITY THAT LEAD TO HEALTHIER OPTIONS. WHEN OUR ENTIRE COMMUNITY PARTICIPATES, FROM OUR WORKSITES AND SCHOOLS TO OUR RESTAURANTS AND GROCERY STORES, THE SMALL CHANGES CONTRIBUTE TO HUGE BENEFITS FOR ALL OF US: LOWER HEALTHCARE COSTS, IMPROVED PRODUCTIVITY AND, ULTIMATELY, A HIGHER QUALITY OF LIFE.
SUSTAIN INITIATIVE: THE SUSTAIN INITIATIVE IS DESIGNED TO HELP NONPROFIT ORGANIZATIONS SHIFT THEIR REVENUE MODEL FROM DEPENDENCY ON GRANTS TO 100% SUSTAINABLE EARNED INCOME. EARNED INCOME IS GENERATED OVER TIME FROM FOR-PROFIT BUSINESS OPPORTUNITIES CREATED BY THE NONPROFIT AND ITS COMMUNITY TEAM. THE SUSTAIN INITIATIVE IS A PROGRAM OF IMPACT CITY, FOUNDED TO CREATE A THRIVING ECOSYSTEM FOR SOCIAL INNOVATORS.
AVEDIS NONPROFIT LEADERSHIP INSTITUTE/PROGRAM DEVELOPMENT: THIS INITIATIVE HAS THE GOAL OF IMPROVING, STRENGTHENING AND POSITIONING THE NONPROFIT SECTOR TO ACHIEVE QUALITY SERVICE, DELIVERY AND FULL CAPACITY TO ENSURE A BRIGHT FUTURE FOR THE COMMUNITIES WE SERVE. THE INSTITUTE SERVES AS A DRIVER FOR POSITIVE SOCIAL CHANGE, ECONOMIC DEVELOPMENT AND QUALITY OF LIFE FOR CHILDREN AND FAMILIES.
M. BRIGGS SERVICE AWARD: THE AWARD IS INTENDED TO RECOGNIZE AN INDIVIDUAL FOR THEIR ACCOMPLISHMENTS AND DEDICATION THROUGH EXEMPLARY SERVICE THAT SIGNIFICANTLY CONTRIBUTES TO THE BETTERMENT OF OUR COMMUNITIES WITHIN THE AVEDIS SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen S Laster President/ceo | 40 | $222,534 | |
Michael P Warwick Chair Of The Board | 2 | $13,500 | |
Jill Spencer Vice Chair/finance Chair | 1 | $9,750 | |
John A Robinson Vice President/treasurer | 1 | $9,750 | |
Angela A Mohr Vice Pres/secretary/mission Adv. Chair | 1 | $9,750 | |
Stephen Trotter Asst. Secretary/audit Chair | 1 | $9,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sharecare | 6/29/22 | $1,080,066 |
Insight Creative Group Inc | 6/29/22 | $78,780 |
Samerson Pllc | 6/29/22 | $56,971 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,339,661 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,417,644 |
| Capital Gain Net Income | $8,417,644 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $109,235 |
| Total Revenue | $9,866,540 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $388,452 |
| Other employee salaries and wages | $214,256 |
| Pension plans, employee benefits | $64,587 |
| Interest | $0 |
| Taxes | $189,840 |
| Depreciation | $84,786 |
| Occupancy | $56,299 |
| Travel, conferences, and meetings | $30,102 |
| Printing and publications | $0 |
| Other expenses | $474,463 |
| Total operating and administrative expenses | $3,080,398 |
| Contributions, gifts, grants paid | $3,552,615 |
| Total expenses and disbursements | $6,633,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,327,634 |
| Savings and temporary cash investments | $8,344,842 |
| 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 | $79,294 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,079,566 |
| Net Land, buildings, and equipment | $1,761,776 |
| Other assets | $75,725 |
| Total assets | $97,303,016 |
| Accounts payable and accrued expenses | $185,952 |
| Grants payable | $1,714,844 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,900,796 |
Grants Awarded
Over the last fiscal year, Avedis Foundation has awarded $4,229,593 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF SHAWNEE PURPOSE: CITY SIDEWALKS & TRAILS PHASE 2 | $494,990 |
CITY OF PRAGUE PURPOSE: ODOT TAP SAFE ROUTES TO SCHOOL GRANT | $61,491 |
CITY OF CHANDLER PURPOSE: ODOT TAP SAFE ROUTES TO SCHOOL GRANT | $120,497 |
CITY OF TECUMSEH PURPOSE: SLICK HUMPHREYS PARK WALKING TRAIL PHASE 2 | $170,763 |
PRAGUE PUBLIC SCHOOLS PURPOSE: PARTNERS IN CARING COLLABORATIVE GRANT | $92,000 |
NORTH OKLAHOMA COUNTY MENTAL HEALTH CENTER PURPOSE: PARTNERS IN CARING COLLABORATIVE GRANT | $25,000 |