Group Health Foundation
- Assets
- $19.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/1984
- Data as of
- 12/2021
- EIN
- 91-1246278
Organization Overview
Group Health Foundation is located in Seattle, WA. The organization was established in 1984. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Group Health 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 12/2021, Group Health Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $310.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (32.8%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION AIMS TO TRANSFORM THE BALANCE OF POWER TO ENSURE EQUITY AND RACIAL JUSTICE ACROSS WASHINGTON AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GHF COMMUNITY FUND (PREVIOUSLY THE LONGSTANDING GROUP HEALTH FOUNDATION), WHICH WAS INCORPORATED ON NOVEMBER 18, 1983, IS A 501(C)(3) NONPROFIT CORPORATION THAT AIMS TO TRANSFORM THE BALANCE OF POWER TO ENSURE EQUITY AND RACIAL JUSTICE ACROSS WASHINGTON AND BEYOND. IN 2021, GHF COMMUNITY FUND BEGAN TO DETERMINE HOW PROGRAMS AND GRANTS WILL WORK PARALLEL WITH GROUP HEALTH FOUNDATION, THE SOLE CORPORATE MEMBER OF GHF COMMUNITY FUND.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Bell Chair | OfficerTrustee | 0.1 | $0 |
Luz Vega-Marquis Treasurer | OfficerTrustee | 0.1 | $0 |
Seth Kirby Vice Chair | OfficerTrustee | 0.1 | $0 |
Nichole Maher President/ceo | Officer | 0.1 | $0 |
Cory Sbarbaro Executive Vice President | Officer | 1.2 | $0 |
Carmen Loh Finance/administration Director | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Westin Event Services & Space | 12/30/16 | $155,647 |
Prr Public Relations Consulting | 12/30/16 | $106,252 |
Tolo Events Llc Event Management | 12/30/16 | $102,410 |
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 | $19,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,430 |
| Total Program Service Revenue | $0 |
| Investment income | $765,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $844,390 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,629,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| 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. | $24,465 |
| Compensation of current officers, directors, key employees. | $24,465 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,539 |
| Pension plan accruals and contributions | $693 |
| Other employee benefits | $458 |
| Payroll taxes | $1,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $69,339 |
| Fees for services: Other | $1,113 |
| Advertising and promotion | $0 |
| Office expenses | $65 |
| 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 | $0 |
| All other expenses | $176 |
| Total functional expenses | $310,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,685 |
| Savings and temporary cash investments | $406,173 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,355,002 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,020,176 |
| Total assets | $18,968,036 |
| Accounts payable and accrued expenses | $14,334 |
| 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 | $591,012 |
| Total liabilities | $605,346 |
| Net assets without donor restrictions | $8,621,217 |
| Net assets with donor restrictions | $9,741,473 |
| 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 | $18,968,036 |
Grants Awarded
Over the last fiscal year, Group Health Foundation has awarded $3,678,322 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: TRANSFER OF ENDOWED FUNDS TO NEW ENTITY AS PER TEDRA AGREEMENT | $2,187,259 |
Olympia, WA PURPOSE: ENDOWED FUNDS SUPPORTING EFFORTS TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE AS THEY AGE. | $291,260 |
WASHINGTON STATE DEPARTMENT OF HEALTH PURPOSE: IMMUNIZATION EFFORTS | $245,435 |
Seattle, WA PURPOSE: ENDOWED FUNDS SUPPORTING CAREERS AT UW SCHOOL OF PHARMACY | $167,608 |
SPOKANE REGIONAL HEALTH DISTRICT PURPOSE: IIS UTILIZATION ENHANCEMENT | $127,500 |
Seattle, WA PURPOSE: ENDOWED FUNDS TO SUPPORT NEED-BASED SCHOLARSHIPS FOR STUDENTS TRAINING AS PHYSICIAN ASSISTANTS | $111,233 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Group Health Foundation has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $100 |
Shell Oil Company Foundation Houston, TX PURPOSE: MATCHING GIFTS EDUCATION/OTHER | $100 |
Endowment Analysis
| Beg. Balance | $9,323,397 |
| Earnings | $464,692 |
| Admin Expense | $46,617 |
| Ending Balance | $9,741,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Swedish Medical Center Foundation Seattle, WA | $149,925,707 | $36,132,164 |
Seattle Childrens Healthcare System Seattle, WA | $1,236,637,312 | $122,583,383 |
St Lukes Health Foundation Ltd Boise, ID | $50,176,105 | $12,367,207 |
Multicare Health Foundation Tacoma, WA | $69,482,903 | $11,201,582 |
Overlake Hospital Association Bellevue, WA | $31,794,126 | $12,421,472 |
Oregon Rural Health Initiative Portland, OR | $7,029,575 | $4,022,932 |
Bio Ventures For Global Health Seattle, WA | $5,318,274 | $3,211,056 |
North Lincoln Hospital Foundation Lincoln City, OR | $1,712,168 | $1,225,177 |
Salmon Creek Hospital Foundation Portland, OR | $4,339,648 | $1,370,769 |
Salem Health Foundation Salem, OR | $11,591,979 | $867,892 |
John L Locke Jr Charitable Trust Issaquah, WA | $23,717,150 | $1,880,836 |
Providence Hospice & Home Care Foundation Snohomish County Everett, WA | $3,527,301 | $1,415,799 |