Health Foundation Of Central Massachusetts Inc
- Assets
- $87.6m
- Revenue
- $5.0m
- Investments
- $49.2m
- Employees
- 6
- Location
- Worcester, MA
- Founding
- 06/1978
- Data as of
- 12/2023
- EIN
- 04-2633274
Organization Overview
Health Foundation Of Central Massachusetts Inc is located in Worcester, MA. The organization was established in 1978. 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. As of 12/2023, Health Foundation Of Central Massachusetts Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Foundation Of Central Massachusetts Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Health Foundation Of Central Massachusetts Inc generated $5.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Health Foundation Of Central Massachusetts Inc has awarded 211 individual grants totaling $25,615,890. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH STATUS OF THOSE WHO LIVE OR WORK IN CENTRAL MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDING TO NON-PROFIT ORGANIZATIONS FOR THE PURPOSE OF IMPROVING THE HEALTH OF THOSE WHO LIVE AND WORK IN CENTRAL MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amie Shei PHD President/ceo | Officer | 37.5 | $267,180 |
Jennie Blake VP Programs | Officer | 37.5 | $131,977 |
Michelle L Ewing Director Of Finance & Administration | Officer | 37.5 | $119,966 |
Daniel Germain Grants And Operation Manager | 37.5 | $101,409 | |
Timothy M Bibaud JD Chairman | OfficerTrustee | 2 | $0 |
Randall V Becker CPA MBA Treasurer | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $628,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,054,983 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,956,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,849,076 |
| 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. | $519,123 |
| Compensation of current officers, directors, key employees. | $88,596 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,524 |
| Pension plan accruals and contributions | $24,452 |
| Other employee benefits | $63,586 |
| Payroll taxes | $49,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,455 |
| Fees for services: Accounting | $23,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130,035 |
| Fees for services: Other | $126,926 |
| Advertising and promotion | $0 |
| Office expenses | $9,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,222 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,975 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,709 |
| Insurance | $9,536 |
| All other expenses | $3,097 |
| Total functional expenses | $4,143,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $455,527 |
| 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 | $8,384 |
| Net Land, buildings, and equipment | $4,565 |
| Investments—publicly traded securities | $36,924,745 |
| Investments—other securities | $49,227,085 |
| Investments—program-related | $137,056 |
| Intangible assets | $0 |
| Other assets | $745,002 |
| Total assets | $87,636,709 |
| Accounts payable and accrued expenses | $114,702 |
| Grants payable | $1,038,910 |
| 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 | $745,002 |
| Total liabilities | $1,898,614 |
| Net assets without donor restrictions | $85,738,095 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $87,636,709 |
Grants Awarded
Over the last fiscal year, Health Foundation Of Central Massachusetts Inc has awarded $2,747,452 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS SOCIETY FOR THE PREVENTION OF CRUELTY TO CHILDREN (MSPCC) PURPOSE: ENCOMPASS: ENHANCED FOSTER PARENT SUPPORTS IN CENTRAL MASSACHUSETTS | $1,011,264 |
QUABOAG VALLEY COMMUNITY DEVELOPMENT CORPORATION PURPOSE: QUABOAG CONNECTOR: DEVELOPING A MODEL FOR RURAL TRANSPORTATION; CENTER FOR STATE POLICY ANALYSIS (CSPA) | $475,000 |
GAAMHA INC PURPOSE: ATHOL WOMEN'S RECOVERY HOME | $130,000 |
MONTACHUSETT VETERANS OUTREACH CENTER PURPOSE: MVOC HOUSING EXPANSION PROJECT | $110,000 |
EMPLOYMENT OPTIONS PURPOSE: INCREASING ACCESS TO MENTAL HEALTH & EMPLOYMENT SUPPORT IN NORTHERN WORCESTER COUNTY | $70,935 |
BOSTON AREA GLEANERS PURPOSE: EXPANSION OF FRESH PRODUCE DISTRIBUTIONS INTO WORCESTER COUNTYEXPANSION OF FRESH PRODUCE DISTRIBUTIONS INTO WORCESTER COUNTYEXPANSION OF FRESH PRODUCE DISTRIBUTIONS INTO WORCESTER COUNTY | $81,500 |