Drew Health Foundation
- Assets
- $3.4m
- Revenue
- $185.5k
- Investments
- $0.0
- Employees
- 3
- Location
- East Palo Alto, CA
- Founding
- 01/1968
- Data as of
- 03/2024
- EIN
- 94-1647797
Organization Overview
Drew Health Foundation is located in East Palo Alto, CA. The organization was established in 1968. 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. As of 03/2024, Drew Health Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drew 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 03/2024, Drew Health Foundation generated $185.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $188.4k during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMMUNITY RESIDENTS WITH COMMUNITY REFERRAL RESOURCES, LOW-COST HOUSING, COMPREHENSIVE HEALTH CARE REFERRAL SERVICES AND PREVENTATIVE EDUCATION DESIGNED TO MEET THEIR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED THE DEVELOPMENT OF THE BEST USE OF RESOURCES AS A COMMUNITY REFERRAL RESOURCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carsjanae Pettiford-Reese Executive Director | OfficerTrustee | 19.75 | $29,250 |
Sandra Sterling Chairman | Trustee | 1.5 | $0 |
Lorraine Holmes Vice Chair | Trustee | 1.5 | $0 |
Opal Harper Director | Trustee | 1.5 | $0 |
Jason Auzenne Director | Trustee | 1.5 | $0 |
Alvin Spencer Director | Trustee | 1.5 | $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 | $27 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27 |
| Total Program Service Revenue | $27,673 |
| Investment income | $86,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,638 |
| 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 | $185,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,700 |
| Grants and other assistance to domestic individuals. | $4,850 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $29,250 |
| Compensation of current officers, directors, key employees. | $21,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,683 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,109 |
| Information technology | $1,165 |
| 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 | $38,142 |
| Insurance | $4,078 |
| All other expenses | $24,336 |
| Total functional expenses | $188,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,671 |
| Savings and temporary cash investments | $0 |
| 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 | $94,135 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,055,195 |
| Investments—publicly traded securities | $2,085,969 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,364,970 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,030 |
| Total liabilities | $6,030 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,358,940 |
| Total liabilities and net assets/fund balances | $3,364,970 |
Grants Awarded
Over the last fiscal year, Drew Health Foundation has awarded $10,550 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
EPAPOA | | | $250 |
TORCH SHOWCASE | | | $2,800 |
EPA POLICE ATHLETIC LEAGUE | | | $1,000 |
CHILDREN'S DAY IN THE PARK | | | $1,000 |
ECUMENICAL HUNGER PROGRAM | | | $2,500 |
BAY CAFE | | | $1,000 |