Navicent Health Foundation Inc
- Assets
- $121.6m
- Revenue
- $14.0m
- Investments
- $40.4m
- Employees
- 7
- Location
- Macon, GA
- Founding
- 03/1974
- Data as of
- 12/2021
- EIN
- 23-7363555
Organization Overview
Navicent Health Foundation Inc is located in Macon, GA. The organization was established in 1974. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 12/2021, Navicent Health Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Navicent 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.
For the year ending 12/2021, Navicent Health Foundation Inc generated $14.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Navicent Health Foundation Inc has awarded 105 individual grants totaling $45,595,827. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NAVICENT HEALTH FOUNDATION'S MISSION IS TO ENCOURAGE GENEROSITY TO TRANSFORM VISIONS INTO REALITY. THE FOUNDATION WAS CHARTERED IN 1973 TO ENABLE MEMBERS OF THE COMMUNITY TO PROVIDE PHILANTHROPIC SUPPORT FOR CHARITABLE, MEDICAL, EDUCATIONAL AND RESEARCH PROJECTS FOR NAVICENT HEALTH (FORMERLY KNOWN AS THE MEDICAL CENTER OF CENTRAL GEORGIA). IN 2019, THE FOUNDATION BECAME AN INDEPENDENT ORGANIZATION WITH CONTINUED FOCUS TO RAISE PHILANTHROPIC FUNDS FOR NAVICENT HEALTH AND THE CENTRAL GEORGIA COMMUNITIES
Describe the Organization's Program Activity:
PROGRAM GRANTS ARE INTENDED TO SUPPORT NAVICENT HEALTH, INC. FUNDS ARE USED FOR CHARITABLE, MEDICAL, EDUCATIONAL AND SCIENTIFIC PURPOSES. PROGRAM GRANTS ARE ALSO AWARDED TO UNRELATED TAX EXEMPT ORGANIZATIONS THAT SUPPORT THE MISSION OF NAVICENT HEALTH FOUNDATION, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $74,730 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,456,789 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,531,519 |
| Total Program Service Revenue | $0 |
| Investment income | $2,294,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,183,727 |
| Net Income from Fundraising Events | -$20,302 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,994,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,009,215 |
| 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. | $319,329 |
| Compensation of current officers, directors, key employees. | $152,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,403 |
| Pension plan accruals and contributions | $21,470 |
| Other employee benefits | $17,333 |
| Payroll taxes | $39,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $689,369 |
| Fees for services: Other | $0 |
| Advertising and promotion | $143,229 |
| Office expenses | $26,738 |
| Information technology | $30,308 |
| Royalties | $0 |
| Occupancy | $80,756 |
| Travel | $4,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,274 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,389 |
| Insurance | $13,440 |
| All other expenses | $0 |
| Total functional expenses | $4,784,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,058,401 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,397,394 |
| Accounts receivable, net | $0 |
| 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 | $7,816 |
| Net Land, buildings, and equipment | $305,873 |
| Investments—publicly traded securities | $76,422,365 |
| Investments—other securities | $40,365,663 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $121,557,512 |
| Accounts payable and accrued expenses | $71,884 |
| Grants payable | $6,739,717 |
| 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 | $6,811,601 |
| Net assets without donor restrictions | $8,946,859 |
| Net assets with donor restrictions | $105,799,052 |
| 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 | $121,557,512 |
Grants Awarded
Over the last fiscal year, Navicent Health Foundation Inc has awarded $2,984,716 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Macon, GA PURPOSE: SUPPORT MCCG | $1,674,686 |
MIDDLE GEORGIA STATE UNIVERSITY PURPOSE: NURSING PROGRAM | $300,000 |
CENTRAL GEORGIA TECHNICAL COLLEGE PURPOSE: NURSING PROGRAM | $300,000 |
FORT VALLEY STATE UNIVERSITY PURPOSE: NURSING PROGRAM | $253,200 |
Macon, GA PURPOSE: BUILDING PROGRAM | $110,000 |
Macon, GA PURPOSE: HEALTHCARE/DIAGNOSTIC SERVICES/DENTAL CLINIC | $46,950 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Navicent Health Foundation Inc has recieved totaling $100,506.
| Awarding Organization | Amount |
|---|---|
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $44,590 |
E J Grassmann Trust Warren, NJ PURPOSE: CAPITAL FUND SUPPORT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,230 |
James Hyde Porter Testamentary Columbus, GA PURPOSE: GENERAL OPERATIONS | $10,000 |
Robins Financial Credit Union Warner Robins, GA PURPOSE: SUPPORT ATRIUM NAVICENT HEALTH CHILDREN'S HOSPITAL | $7,186 |
Capital City Bank Group Foundation Inc Tallahassee, FL PURPOSE: SOCIAL SERVICES | $2,500 |
Endowment Analysis
| Beg. Balance | $97,898,607 |
| Earnings | $9,369,896 |
| Net Contributions | $1,539,764 |
| Grants | $3,009,215 |
| Ending Balance | $105,799,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mckinney Medical Center Inc Waycross, GA | $3,252,302 | $15,518,624 |
Community Care Center For Forsyth County Winston Salem, NC | $2,083,831 | $14,036,304 |
Partnership Health Center Inc Valdosta, GA | $1,458,604 | $11,973,905 |
Health Planning Council Of Sw Fla Fort Myers, FL | $3,751,405 | $12,073,667 |
Elderhaus Incorporated Wilmington, NC | $1,860,675 | $10,835,875 |
Palmetto Health Council Inc Palmetto, GA | $16,262,807 | $12,244,139 |
Chota Community Health Services Madisonville, TN | $17,550,852 | $15,242,557 |
The Camellia Foundation Inc Memphis, TN | $1,181,110 | $5,773,841 |
Council Of Interstate Testing Agencies Inc Sanford, NC | $995,933 | $3,546,764 |
Alpha-1 Foundation Inc Miami, FL | $35,496,616 | $10,890,084 |
Navicent Health Foundation Inc Macon, GA | $121,557,512 | $13,994,096 |
Upper Savannah Care Services Greenwood, SC | $3,670,837 | $5,045,752 |