Metrowest Health Foundation Inc
- Assets
- $99.8m
- Revenue
- $5.8m
- Investments
- $90.4m
- Employees
- 0
- Location
- Framingham, MA
- Founding
- 01/1965
- Data as of
- 09/2022
- EIN
- 04-2121342
Organization Overview
Metrowest Health Foundation Inc is located in Framingham, MA. The organization was established in 1965. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Metrowest Health Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Metrowest Health Foundation Inc has awarded 857 individual grants totaling $23,187,631. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. THE FOUNDATION PROVIDED EXTENSIVE LEADERSHIP, RESEARCH, DATA COLLECTION AND PROGRAM SUPPORT TO IMPROVE HEALTH AND HEALTH CARE SERVICES TO THE 25 COMMUNITIES IN THE METROWEST AREA OF MASSACHUSETTS. 2. THE FOUNDATION SUPPORTED A VARIETY OF TRAINING AND TECHNICAL ASSISTANCE ACTIVITIES TO IMPROVE HEALTH, WELLNESS AND ADDRESS RACIAL AND ETHNIC INEQUALITY IN THE REGION.3. THE FOUNDATION RESPONDED TO THE COVID-19 PANDEMIC BY PROVIDING SUPPORT TO LOCAL PUBLIC HEALTH ENTITIES AND THROUGH DATA COLLECTION AND DISSEMINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Cohen President/ CEO | 40 | $279,472 | |
Rebecca Donham Senior Program Offic | 36 | $120,817 | |
Cathy Glover Grants Management Di | 35 | $109,626 | |
Rebecca Gallo Senior Program Offic | 35 | $100,000 | |
Katherine Baker Policy Analyst | 40 | $76,690 | |
Anna Carollo Cross Vice Chair | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
State Street Corporation | 9/29/22 | $61,059 |
Prime Buchholz & Associates | 9/29/22 | $89,289 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $363,718 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,546,924 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,879,815 |
| Capital Gain Net Income | $3,879,815 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,790,457 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $279,472 |
| Other employee salaries and wages | $413,258 |
| Pension plans, employee benefits | $229,272 |
| Interest | $0 |
| Taxes | $60,854 |
| Depreciation | $3,965 |
| Occupancy | $127,745 |
| Travel, conferences, and meetings | $6,701 |
| Printing and publications | $15,771 |
| Other expenses | $577,746 |
| Total operating and administrative expenses | $1,933,806 |
| Contributions, gifts, grants paid | $5,028,594 |
| Total expenses and disbursements | $6,962,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,483 |
| Savings and temporary cash investments | $2,234,773 |
| Net Accounts receivable | $35,844 |
| 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 | $56,878 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $43,576,242 |
| Net Land, buildings, and equipment | $6,818 |
| Other assets | $6,732,924 |
| Total assets | $99,772,227 |
| Accounts payable and accrued expenses | $202,805 |
| Grants payable | $2,848,435 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,947,370 |
| Total liabilities | $4,998,610 |
Grants Awarded
Over the last fiscal year, Metrowest Health Foundation Inc has awarded $7,838,190 in support to 236 organizations.
| Grant Recipient | Amount |
|---|---|
Framingham, MA PURPOSE: HEALTH AND SOCIAL SERVICE HUB | $473,437 |
EDUCATION DEVELOPMENT CENTER INC PURPOSE: 2023 METROWEST ADOLESCENT HEALTH SURVEY | $380,433 |
Worcester, MA PURPOSE: BASIC HEALTH NEEDS - PRESCRIPTION ASSISTANCE | $300,000 |
EDUCATION DEVELOPMENT CENTER INC PURPOSE: 2023 METROWEST ADOLESCENT HEALTH SURVEY | $292,818 |
Worcester, MA PURPOSE: MILFORD HEALTH CENTER | $250,000 |
Worcester, MA PURPOSE: MILFORD HEALTH CENTER | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Metrowest Health Foundation Inc has recieved totaling $18,750.
| Awarding Organization | Amount |
|---|---|
Umass Memorial Health Care Inc Worcester, MA PURPOSE: 6. Support for Community Health Needs Assessment | $9,375 |
Umass Memorial Health Care Inc Worcester, MA PURPOSE: 6. Support for Community Health Needs Assessment | $9,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Healthnet Corporation Boston, MA | $1,391,448 | $17,183,901 |
Albany Medical Center Saratoga Springs, NY | $17,328,223 | $18,761,699 |
Masonicare Corporation Wallingford, CT | $62,787,609 | $7,389,407 |
Metropolitan Medical Practice Plan Pc Bronx, NY | $6,076,770 | $14,643,918 |
Western Connecticut Health Network Affiliates Inc Danbury, CT | $7,022,021 | $12,529,671 |
Southcoast Health System Inc New Bedford, MA | $230,534,649 | $39,093,596 |
Mass General Brigham Incorporated Somerville, MA | $110,987,827 | $17,110,178 |
Exeter Health Resources Exeter, NH | $367,054,931 | $15,758,804 |
Buffalo Niagara Medical Campus Inc Buffalo, NY | $98,865,415 | $10,408,874 |
South Yarmouth Management Systems Inc Pittsfield, MA | $3,781,168 | $11,483,652 |
United Health Services Inc Binghamton, NY | $30,125,980 | $10,935,942 |
North Shore-Lij Cardiology At Deer Park Pc Westbury, NY | $1,851,842 | $8,492,015 |