Bethesda Foundation Inc
- Assets
- $178.9m
- Revenue
- $46.7m
- Investments
- $35.8m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 05/1974
- Data as of
- 06/2021
- EIN
- 23-7374129
Organization Overview
Bethesda Foundation Inc is located in Cincinnati, OH. The organization was established in 1974. 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. Bethesda 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 2015, Bethesda Foundation Inc has awarded 35 individual grants totaling $42,896,949. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT BETHESDA HOSPITAL TO ACCOMPLISH ITS STRATEGIC VISION AND MEET HEALTH CARE CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Eisentrout MD Trustee | Trustee | 1 | $0 |
Grant Hesser Trustee | Trustee | 1 | $0 |
Edmund Jones MD Trustee | Trustee | 1 | $0 |
Marilyn Duke Trustee | Trustee | 1 | $0 |
John Prout Trustee | Trustee | 1 | $0 |
Andrew Swallow President & CEO | OfficerTrustee | 60 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackbaud Inc Software Solutions | 6/29/22 | $158,413 |
United Mail Llc Direct Mail Services | 6/29/22 | $111,310 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,407,492 |
| Investment income | $1,214,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,190,881 |
| Net Income from Fundraising Events | $305,834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,708,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $121,975 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $340,623 |
| Fees for services: Other | $563,125 |
| Advertising and promotion | $49,195 |
| Office expenses | $55,063 |
| Information technology | $13,983 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,594 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,328 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,760,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,313,088 |
| 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 | $0 |
| Investments—publicly traded securities | $126,508,197 |
| Investments—other securities | $35,798,452 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $178,888,880 |
| Accounts payable and accrued expenses | $407,867 |
| 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 | $35,673,641 |
| Total liabilities | $36,081,508 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $142,807,372 |
Grants Awarded
Over the last fiscal year, Bethesda Foundation Inc has awarded $3,277,554 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA HEALTHCARE INC PURPOSE: SCHOOL-BASED BEHAVIORAL HEALTH GRANT PAYMENT & OTHER GRANTS | $390,855 |
UNIVERSITY OF CINCINNATI FOUNDATION PURPOSE: HEALTH IMPROVEMENT GRANT PAYMENT | $26,950 |
TRIHEALTH INC PURPOSE: TRIHEALTH WAY OF LEADING FUNDING & OTHER SUPPORT | $1,647,000 |
BETHESDA HOSPITAL INC PURPOSE: GENERAL SUPPORT | $1,212,749 |