Group Health Foumdaiton
- Assets
- $1.7b
- Revenue
- $166.5m
- Investments
- $1.6b
- Employees
- 10
- Location
- Seattle, WA
- Founding
- 05/2016
- Data as of
- 12/2018
- EIN
- 30-0889914
Organization Overview
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.
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Board, Officers & Key Employees
| 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 |
Outside Vendors & Contractors
| 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 |
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 | $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 |
Grants Awarded
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 |
Peer Organizations
| 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 |