Business For Health Solutions Inc
- Assets
- $765.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 86-1741586
Organization Overview
Business For Health Solutions Inc is located in New York, NY. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business For Health Solutions 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 12/2023, Business For Health Solutions Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $702.9k during the year ending 12/2023. While expenses have increased by 7.9% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS MISSION IS TO INCREASE HEALTHCARE ACCESS FOR COMMUNITIES IN AFRICA BY BUILDING THE CAPACITY OF LOCAL HEALTHCARE ENTERPRISES TO DELIVER QUALITY, AFFORDABLE AND ACCESSIBLE HEALTH PRODUCTS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS FOR HEALTH SOLUTIONS INTERNATIONAL, INC., A NOT-FOR-PROFIT CORPORATION (ORGANIZATION), WAS INCORPORATED PURSUANT TO THE LAWS OF THE STATE OF NEW YORK ON MARCH 8, 2021. THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). CHARITABLE CONTRIBUTIONS MADE TO THIS ORGANIZATION QUALIFY FOR TAX DEDUCTIONS AS DESCRIBED IN THE CODE. THE ORGANIZATIONS MISSION IS TO INCREASE HEALTHCARE ACCESS FOR COMMUNITIES IN AFRICA BY BUILDING THE CAPACITY OF LOCAL HEALTHCARE ENTERPRISES TO DELIVER QUALITY, AFFORDABLE AND ACCESSIBLE HEALTH PRODUCTS AND SERVICES. THE ORGANIZATION FACILITATES REMOTE TECHNICAL ASSISTANCE PROJECTS DELIVERED BY CORPORATE VOLUNTEERS WHO SHARE KNOWLEDGE AND EXPERTISE. SUPPORT TO ENTERPRISES ACROSS THE HEALTHCARE VALUE CHAIN CONTRIBUTES TO STRONGER PUBLIC AND PRIVATE HEALTH SYSTEMS AND IMPROVES POPULATION HEALTH OUTCOMES. (CONTINUED SCH O)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margo Carlen CEO And Board Member | OfficerTrustee | 35 | $117,808 |
Tyler Nelson Exec Dir And Board Member | OfficerTrustee | 35 | $124,848 |
Maureen Ogada Treasurer | Trustee | 2 | $0 |
Dianne Young Board Member | Trustee | 2 | $0 |
Erin Longdo Chair | Trustee | 2 | $0 |
Amy Jaick Secretary | Trustee | 2 | $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 | $1,267,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,267,058 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,264,847 |
| 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. | $242,656 |
| Compensation of current officers, directors, key employees. | $47,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,555 |
| Pension plan accruals and contributions | $13,683 |
| Other employee benefits | $8,573 |
| Payroll taxes | $27,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,713 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,306 |
| Advertising and promotion | $0 |
| Office expenses | $307 |
| Information technology | $9,980 |
| Royalties | $0 |
| Occupancy | $10,295 |
| Travel | $53,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,808 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,694 |
| All other expenses | $418 |
| Total functional expenses | $702,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,183 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $448,791 |
| 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 | $8,422 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $765,396 |
| Accounts payable and accrued expenses | $12,606 |
| Grants payable | $0 |
| Deferred revenue | $130,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $142,606 |
| Net assets without donor restrictions | $209,941 |
| Net assets with donor restrictions | $412,849 |
| 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 | $765,396 |