Heatherington Foundation For Innovation And Education In Healt
- Assets
- $19.3m
- Revenue
- $11.2m
- Investments
- $14.6m
- Employees
- 0
- Location
- Portland, OR
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 93-0988354
Organization Overview
Heatherington Foundation For Innovation And Education In Healt is located in Portland, OR. The organization was established in 2005. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, 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. Heatherington Foundation For Innovation And Education In Healt 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, Heatherington Foundation For Innovation And Education In Healt generated $11.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $14.2m during the year ending 12/2023. While expenses have increased by 25.2% per year over the past 8 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, Heatherington Foundation For Innovation And Education In Healt has awarded 113 individual grants totaling $40,945,349. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COOPERATIVE AND COMPREHENSIVE PROGRAMS OF HEALTH CARE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE ONE OR MORE MEDICAL CLINICS TO PROVIDE ACUTE, CHRONIC AND PREVENTATIVE COMMUNITY HEALTH CARE TO INDIVIDUALS AND FAMILIES IN THE PORTLAND, OREGON COMMUNITY, PARTICULARLY TO THE SOCIOECONOMICALLY UNDERSERVED, THE CHRONICALLY MENTALLY ILL OR INDIGENT, AT LOW COST OR AT NO COST.
TO PROMOTE AND ENCOURAGE THE IMPROVEMENT OF HEALTH CARE AND PERSONALHEALTH EDUCATION IN THE COMMUNITY.TO MAKE GRANTS AND CONTRIBUTIONS AND PROVIDE SCHOLARSHIPS TO PROMOTETHE HEALTH OF THE COMMUNITY AND SUPPORT CHARITABLE, SCIENTIFIC OREDUCATIONAL ACTIVITIES AS THE FOUNDATION MAY DIRECT.
TO PROVIDE OSTEOPATHIC MEDICAL EDUCATION TO STUDENTS, RESIDENTS ANDPHYSICIANS.
TO PROMOTE AND CARRY ON RESEARCH RELATED TO IMPROVEMENT INNOVATION AND CHANGE IN THE DELIVERY OF HEALTH CARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Heatherington Ex-Officio | 1 | $0 | |
Bob Carus Board Chair | 1 | $0 | |
Rob Richardson DO Vice Chair | 1 | $0 | |
Erik Szeto DO Treasurer | 1 | $0 | |
Karen Carnahan Secretary | 1 | $0 | |
Paula Crone DO Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $346,752 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $309,523 |
| Capital Gain Net Income | $309,523 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,156,275 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,253 |
| Depreciation | $0 |
| Occupancy | $47,294 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,769 |
| Total operating and administrative expenses | $263,616 |
| Contributions, gifts, grants paid | $13,975,964 |
| Total expenses and disbursements | $14,239,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,497 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,500 |
| 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 | $48,243 |
| Net Investments - land, buildings, equipment | $4,297,609 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,747 |
| Total assets | $19,344,780 |
| Accounts payable and accrued expenses | $17,407 |
| Grants payable | $1,020,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,946 |
| Total liabilities | $1,047,353 |
Grants Awarded
Over the last fiscal year, Heatherington Foundation For Innovation And Education In Healt has awarded $13,975,964 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN OSTEOPATHIC FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $55,000 |
MAURICE LUCAS FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $160,000 |
BOYS & GIRLS CLUBS OF GREATER SANTIAM PURPOSE: OPERATIONAL SUPPORT | $250,000 |
CASCADIA BEHAVIORAL HEALTHCARE PURPOSE: OPERATIONAL SUPPORT | $100,000 |
OREGON HEALTH FORUM PURPOSE: OPERATIONAL SUPPORT | $75,000 |
OSTEOPATHIC PHYSICIANS & SURGEONS OF OREGON PURPOSE: OPERATIONAL SUPPORT | $100,000 |