Foundation For Community Health Inc
- Assets
- $36.5m
- Revenue
- $466.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Sharon, CT
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 20-0057897
Organization Overview
Foundation For Community Health Inc is located in Sharon, CT. The organization was established in 2014. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2023, Foundation For Community Health Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Community Health Inc 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, Foundation For Community Health Inc generated $466.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Foundation For Community Health Inc has awarded 196 individual grants totaling $13,775,020. 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 MAINTAIN AND IMPROVE THE PHYSICAL AND MENTAL HEALTH OF ALL RESIDENTS OF THE AREA HISTORICALLY SERVED BY SHARON HOSPITAL INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE THE PHYSICAL AND MENTAL HEALTH OF ALL RESIDENTS OF THE AREA HISTORICALLY SERVED BY SHARON HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ceely Ackerman Secretary | OfficerTrustee | 2 | $0 |
Christian Allyn Director | Trustee | 1 | $0 |
Dr John P Charde Director | Trustee | 1 | $0 |
Dr Mustafa Ugurlu Outgoing Director | Trustee | 1 | $0 |
Felicia Jones Outgoing Director | Trustee | 1 | $0 |
Hila Richardson Director | Trustee | 1 | $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 | $401,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,363 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $466,024 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $796,290 |
| 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. | $250,318 |
| Compensation of current officers, directors, key employees. | $75,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,705 |
| Pension plan accruals and contributions | $18,415 |
| Other employee benefits | $30,455 |
| Payroll taxes | $32,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,644 |
| Fees for services: Other | $29,914 |
| Advertising and promotion | $0 |
| Office expenses | $12,493 |
| Information technology | $33,463 |
| Royalties | $0 |
| Occupancy | $36,959 |
| Travel | $9,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,062 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,441 |
| Insurance | $0 |
| All other expenses | $1,621 |
| Total functional expenses | $1,691,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,961 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,232 |
| 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 | $2,791 |
| Net Land, buildings, and equipment | $52,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,335,432 |
| Total assets | $36,539,410 |
| Accounts payable and accrued expenses | $95,854 |
| 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 | $0 |
| Total liabilities | $95,854 |
| Net assets without donor restrictions | $23,238,766 |
| Net assets with donor restrictions | $13,204,790 |
| 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 | $36,539,410 |
Grants Awarded
Over the last fiscal year, Foundation For Community Health Inc has awarded $776,180 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
CHORE SERVICE INC PURPOSE: SPRING 2023 CAPACITY BUILDING | $27,000 |
CONNECTICUT ASSOCIATION OF SCHOOL BASED HEALTH CENTERS PURPOSE: R1SD SCHOOL-BASED HEALTH CENTER DISCOVERY PROCESS | $10,000 |
CONNECTICUT COUNCIL FOR PHILANTHROPY PURPOSE: 2023 SPONSORSHIPS - THE POWER OF GOOD INVESTMENTS | $6,830 |
COLUMBIA COUNTY SANCTUARY MOVEMENT INC PURPOSE: SPRING 2023 CAPACITY BUILDING | $15,000 |
GOOD CAUSES INC PURPOSE: TIME-SENSITIVE GENERAL OPERATING SUPPORT | $30,000 |
GREENWOODS COUNSELING REFERRALS INC PURPOSE: SPRING 2023 CAPACITY BUILDING | $61,350 |