Elevance Health Cares Inc
- Assets
- $4.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 83-1172556
Organization Overview
Elevance Health Cares Inc is located in Indianapolis, IN. The organization was established in 2018. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevance Health Cares 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, Elevance Health Cares Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $460.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ELEVANCE HEALTH CARES, INC. STRIVES TO CREATE POSITIVE OUTCOMES IN THE COMMUNITIES IT SERVES BY FOSTERING LONG-TERM RELATIONSHIPS... CONTINUED ON SCHEDULE O.
Describe the Organization's Program Activity:
THE ELEVANCE HEALTH CARES FUND IS AN EMERGENCY RELIEF FUND FOR EMPLOYEES OF ELEVANCE HEALTH INC. AND THEIR SPOUSES OR ELIGIBLE DEPENDENTS WHO ARE IN NEED OF FINANCIAL ASSISTANCE BECAUSE OF A QUALIFIED DISASTER, PERSONAL HARDSHIP, OR OTHER EMERGENCY.
THE ELEVANCE MEMORIAL SCHOLARSHIP FUND IS A PROGRAM TO ASSIST SURVIVING CHILDREN OF ELEVANCE HEALTH ASSOCIATES WHO HAVE LOST THEIR LIVES DURING THEIR TIME OF EMPLOYMENT.
ELEVANCE HEALTH CHAMPIONS HELP TO BUILD AWARENESS AND MAKE DONATIONS TO HEALTH-RELATED TAX-EXEMPT ORGANIZATIONS AND PROGRAMS ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Harris Executive Director (end 09/22) | OfficerTrustee | 39 | $88,388 |
Michael Lockard Executive Director (beg 11/28) | OfficerTrustee | 39 | $41,699 |
Lance R Chrisman Board Of Directors Chair | OfficerTrustee | 2 | $0 |
Maggie T Bowden President | OfficerTrustee | 2 | $0 |
Leah M Birk Vice President | OfficerTrustee | 2 | $0 |
Katie Heenan Board Of Directors (beg 06/22) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $559,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $406,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $965,977 |
| Total Program Service Revenue | $0 |
| Investment income | $49,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,015,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $133,095 |
| Grants and other assistance to domestic individuals. | $45,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,087 |
| Compensation of current officers, directors, key employees. | $49,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,992 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $142 |
| Fees for services: Other | $120,038 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $5,650 |
| All other expenses | $1,266 |
| Total functional expenses | $460,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,789,942 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $182,739 |
| Accounts receivable, net | $6,827 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,777,869 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,757,377 |
| Accounts payable and accrued expenses | $22,405 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,405 |
| Net assets without donor restrictions | $1,833,944 |
| Net assets with donor restrictions | $2,901,028 |
| 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 | $4,757,377 |
Grants Awarded
Over the last fiscal year, Elevance Health Cares Inc has awarded $133,095 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ENTERTAINMENT INDUSTRY FOUNDATION PURPOSE: CONTRIBUTION TO THE KEVIN LOVE FUND | $70,663 |
AMERICAN RED CROSS TRAINING SERVICES PURPOSE: Emergency preparedness kits | $62,432 |