Ahp Foundation
- Assets
- $521.1k
- Revenue
- $85.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 07/1975
- Data as of
- 06/2022
- EIN
- 23-7359389
Organization Overview
Ahp Foundation is located in Arlington, VA. The organization was established in 1975. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Ahp 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 06/2022, Ahp Foundation generated $85.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $47.4k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AHP FOUNDATION IS TO ASSIST IN PROVIDING CONTINUING EDUCATION AND TO PROVIDE GRANTS TO INDIVIDUALS OR ORGANIZATIONS, INCLUDING NONPROFIT HEALTH CARE INSTITUTIONS, FOR EDUCATION, RESEARCH, AND OTHER CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PROGRAMS IN ORDER TO INCREASE AWARENESS OF THE NEED TO SUPPORT OUR NATION'S HEALTH CARE INSTITUTIONS WITH VOLUNTARY FINANCIAL SUPPORT. THE AHP FOUNDATION WILL SUPPORT, FACILITATE, AND ENHANCE THE MISSION AND PURPOSES OF THE ASSOCIATION FOR HEALTHCARE PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM - PROVIDES FINANCIAL AWARDS TO ASSIST MEMBERS AND NON-MEMBERS IN ATTENDING VARIOUS AHP EDUCATIONAL SEMINARS AND CONFERENCES.
OTHER PROGRAM SERVICES INCLUDE THE POOLED INCOME FUND AND THE ANNUAL FUND. THE FOUNDATION IS THE TRUSTEE AND AGENT FOR AMOUNTS CONTRIBUTED TO ITS POOLED INCOME FUND INVESTMENTS (PIF). THE PIF IS COMPRISED OF IRREVOCABLE SPLIT-INTEREST AGREEMENTS IN WHICH A DONOR CONTRIBUTES AN AMOUNT TO THE TRUST AND, IN EXCHANGE, RECEIVES A LIFE ANNUITY. EACH ANNUITY IS BASED ON THE TOTAL RATE OF RETURN OF THE FUND EACH QUARTER AND IS ALLOCATED BASED ON A PRO RATA SHARE OF UNITS HELD AT THE END OF EACH QUARTER. UPON THE DONOR'S DEATH, THE TRUST DISTRIBUTES THE FUNDS TO THE PARTICIPATING HEALTHCARE ASSOCIATION THAT THE DONOR HAS DESIGNATED. THE ANNUAL FUND HELPS ADVANCE HEALTHCARE THROUGH PHILANTHROPIC INNOVATION, EDUCATION, ADVOCACY, AND SERVICES AND RESOURCES THAT BENEFIT HEALTHCARE DEVELOPMENT PROFESSIONALS.
ENDOWMENT FUNDS - THE FOUNDATION'S ENDOWMENTS CONSIST OF TWENTY INDIVIDUAL ENDOWMENT FUNDS. TEN OF THE INDIVIDUAL FUNDS WERE ESTABLISHED WITH PERMANENT DONOR RESTRICTIONS ON THE CORPUS, WITH INVESTMENT EARNINGS ON THE FUNDS TO BE USED BY THE FOUNDATION TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO ITS MEMBERS. THE OTHER TEN INDIVIDUAL FUNDS THAT WERE ESTABLISHED WITH PERMANENT DONOR RESTRICTIONS ON THE CORPUSES SPECIFIED INVESTMENT EARNINGS COULD BE USED BY THE FOUNDATION IN ITS GENERAL OPERATIONS AS NEEDED.
PROTECT THE HEROES - THE CAMPAIGN RAISES FUNDS FOR LOCAL HOSPITALS AND FRONTLINE HEALTHCARE WORKERS IN THE FIGHT AGAINST COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur J Ochoa JD Chair | OfficerTrustee | 1 | $0 |
Pamela Puleo Fahp Secretary/treasurer | OfficerTrustee | 1 | $0 |
Dana Casson Cfre Trustee | Trustee | 1 | $0 |
Amy G Day Cfre Fahp Trustee | Trustee | 1 | $0 |
Rueben Mayes MBA Cfre Trustee | Trustee | 1 | $0 |
Bill Navrides Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $26,439 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,189 |
| Total Program Service Revenue | $4,910 |
| Investment income | $13,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $85,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,975 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $678 |
| Fees for services: Accounting | $5,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,340 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $0 |
| Office expenses | $116 |
| Information technology | $532 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $47,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,545 |
| Pledges and grants receivable | $1,000 |
| Accounts receivable, net | $2,550 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $372,688 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,274 |
| Total assets | $521,057 |
| 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 | $100,274 |
| Total liabilities | $100,274 |
| Net assets without donor restrictions | $18,095 |
| Net assets with donor restrictions | $402,688 |
| 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 | $521,057 |