Group Health Foumdaiton is located in Seattle, WA. The organization was established in 2016. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 12/2018, Group Health Foumdaiton employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2018, Group Health Foumdaiton generated $166.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (69.0%) each year. All expenses for the organization totaled $5.4m during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION AIMS TO SHAPE AND ACCELERATE EFFORTS TO IMPROVE HEALTH EQUITY AND ADVANCE COMMUNITY ASPIRATIONS FOR A VIBRANT, HEALTHY FUTURE IN WASHINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2018, THE FOUNDATION BEGAN BUILDING RELATIONSHIPS WITH PLACE- AND IDENTITY-BASED COMMUNITIES MOST IMPACTED BY INEQUITY ACROSS WASHINGTON. THE FOUNDATION CONVENED LEARNING COLLABORATIVES AND ISSUED LESSONS LEARNED GRANTS. THESE EARLY LEARNINGS WILL HELP SHAPE THE FOUNDATION'S PLANNING AND STRATEGY FORMATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cory Sbarbaro President/ceo (thru 9/18), SVP | Officer | 38 | $462,093 |
Christopher Hanak Acting Cio | 38 | $396,941 | |
Carmen Loh Finance/administration Director | Officer | 29 | $139,680 |
Nichole Maher President/ceo | Officer | 39 | $114,178 |
Theresa Tamura Senior Advisor (thru 7/18) | 23 | $112,864 | |
Susan Byington Chair | OfficerTrustee | 5.5 | $37,050 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Moss Adams Llp Accounting Services | 12/30/18 | $354,963 |
Korn Ferry International Hr Recruitment | 12/30/18 | $200,000 |
State Street Global Advisors Investment Management | 12/30/18 | $516,760 |
Philanthropy Nw Strategic Support | 12/30/18 | $218,789 |
Colonial Consulting Llc Investment Management | 12/30/18 | $350,000 |
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 | $95,487,134 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $726,113 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $166,538,426 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $651,332 |
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. | $1,219,873 |
Compensation of current officers, directors, key employees. | $1,053,512 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $662,938 |
Pension plan accruals and contributions | $46,389 |
Other employee benefits | $80,547 |
Payroll taxes | $72,312 |
Fees for services: Management | $0 |
Fees for services: Legal | $200,971 |
Fees for services: Accounting | $243,699 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,026,917 |
Fees for services: Other | $689,492 |
Advertising and promotion | $6,775 |
Office expenses | $27,780 |
Information technology | $77,445 |
Royalties | $0 |
Occupancy | $123,623 |
Travel | $59,454 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $104,682 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $36,080 |
Insurance | $46,393 |
All other expenses | $3,284 |
Total functional expenses | $5,413,073 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $257,510 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $66,563 |
Loans from Officers, Directors, or Controlling Persons | $68,690 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $194,599 |
Net Land, buildings, and equipment | $61,310 |
Investments—publicly traded securities | $91,810,855 |
Investments—other securities | $1,590,430,176 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $12,093 |
Total assets | $1,682,901,796 |
Accounts payable and accrued expenses | $595,292 |
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 | $595,292 |
Unrestricted restricted net Assets | $1,682,306,504 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $1,682,306,504 |
Over the last fiscal year, Group Health Foumdaiton has awarded $640,000 in support to 79 organizations.
Grant Recipient | Amount |
---|---|
Seatac, WA PURPOSE: COMMUNITY LEARNING | $15,000 |
Walla Walla, WA PURPOSE: COMMUNITY LEARNING | $15,000 |
Seattle, WA PURPOSE: COMMUNITY LEARNING | $15,000 |
Seattle, WA PURPOSE: WA NONPROFIT SECTOR CAPACITY BUILDING | $15,000 |
Silverdale, WA PURPOSE: COMMUNITY LEARNING | $15,000 |
Yakima, WA PURPOSE: COMMUNITY LEARNING | $15,000 |
Organization Name | Assets | Revenue |
---|---|---|
Group Health Foumdaiton Seattle, WA | $1,682,901,796 | $166,538,426 |
Washington State Council Of County & City Emps Health & Welfare Trust Mercer Island, WA | $1,346,884 | $1,444,402 |
Northwest Washington Indian Health Board Bellingham, WA | $886,261 | $805,300 |
Ori Community And Evaluation Services Eugene, OR | $116,785 | $305,170 |
Kwiaht Center For The Historial Ecology Of The Salish Sea Lopez Island, WA | $44,038 | $0 |
Center For The Study Of Cannabis And Social Policy Seattle, WA | $30,754 | $0 |
Western Pain Society Cottage Grove, OR | $0 | $0 |
Health Freedom Foundation Inc Eagle, ID | $6,064 | $0 |
Evolve Medicine Ashland, OR | $15,021 | $0 |
Health Rosetta Institute Bellingham, WA | $41,542 | $0 |
International Council For Corporate Health Inc Anchorage, AK | $34,186 | $8,494 |