Gary And Mary West Health Endowment Inc
- Assets
- $246.3m
- Revenue
- -$2.7m
- Investments
- $27.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2011
- Data as of
- 12/2020
- EIN
- 27-2953865
Organization Overview
Gary And Mary West Health Endowment Inc is located in Wilmington, DE. The organization was established in 2011. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gary And Mary West Health Endowment Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE GARY AND MARY WEST HEALTH ENDOWMENT, INC. IS A SUPPORTING ORGANIZATION ESTABLISHED IN 2010 WITH THE MISSION OF PROVIDING FINANCIAL AND OTHER SUPPORT TO THE GARY AND MARY WEST HEALTH INSTITUTE AND POTENTIALLY OTHER SIMILAR AFFILIATED PUBLIC CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GARY AND MARY WEST HEALTH ENDOWMENT, INC. WAS ESTABLISHED TO SUPPORT THE GARY AND MARY WEST HEALTH INSTITUTE, A MEDICAL RESEARCH ORGANIZATION WITH THE MISSION OF LOWERING THE COST OF HEALTHCARE AND ENABLING SENIORS TO SUCCESSFULLY AGE IN PLACE, WITH ACCESS TO HIGH QUALITY, AFFORDABLE HEALTH AND SUPPORT SERVICES THAT PRESERVE AND PROTECT THEIR DIGNITY, QUALITY OF LIFE AND INDEPENDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Lash Fund Co-Manager/secretary | Officer | 5 | $34,167 |
Shelley M Lyford Chair | Officer | 10 | $34,167 |
Sally Hallak Secretary And Treasurer | Officer | 10 | $0 |
Gary West Director, Chairman | Trustee | 5 | $0 |
Thomas Culhane Director | Trustee | 1 | $0 |
Charles Sederstrom 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 | $6,935,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,555,959 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$2,654,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,500,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $62,562 |
| Fees for services: Legal | $7,996 |
| Fees for services: Accounting | $31,461 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $645,133 |
| Fees for services: Other | $50,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,656 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $51,812 |
| All other expenses | $4,947 |
| Total functional expenses | $23,384,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $122,298,520 |
| Pledges and grants receivable | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $93,760,869 |
| Investments—other securities | $27,775,267 |
| Investments—program-related | $2,354,921 |
| Intangible assets | $0 |
| Other assets | $159,653 |
| Total assets | $246,349,230 |
| Accounts payable and accrued expenses | $21,690 |
| Grants payable | $6,000,000 |
| 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 | $6,021,690 |
| Net assets without donor restrictions | $240,327,540 |
| 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 | $246,349,230 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gary And Mary West Health Endowment Inc Wilmington, DE | $246,349,230 | -$2,654,370 |
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