Group Health Foumdaiton
- Assets
- $2.5b
- Revenue
- $121.1m
- Investments
- $2.3b
- Employees
- 41
- Location
- Seattle, WA
- Founding
- 05/2016
- Data as of
- 12/2021
- 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 12/2021, Group Health Foumdaiton employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Group Health Foumdaiton is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Group Health Foumdaiton generated $121.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (48.6%) each year. All expenses for the organization totaled $75.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Group Health Foumdaiton has awarded 420 individual grants totaling $61,819,685. 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
THE FOUNDATION AIMS TO TRANSFORM THE BALANCE OF POWER TO ENSURE EQUITY AND RACIAL JUSTICE ACROSS WASHINGTON AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE FOUNDATION CONTINUED TO PROVIDE COMMUNITY LEARNING GRANTS. COMMUNITY LEARNING GRANTS ARE PROVIDED TO ORGANIZATIONS AND COMMUNITIES DOING POWERFUL WORK TO TRANSFORM THE BALANCE OF POWER TOWARD RACIAL JUSTICE AND EQUITY IN WASHINGTON AND BEYOND. THESE GRANTS CONTINUE TO HELP THE FOUNDATION LEARN HOW THE FOUNDATION CAN SUPPORT THE SOLUTIONS THAT DIFFERENT ORGANIZATIONS ARE CREATING TO DISMANTLE SYSTEMIC BARRIERS AND FOSTER HEALTH AND WEALTH IN WASHINGTON COMMUNITIES.THE FOUNDATION CONTINUED FUNDING EVENT SPONSORSHIPS TO SUPPORT COMMUNITY AND CULTURALLY-SPECIFIC GATHERINGS, MEETINGS, CONFERENCES, AND FUNDRAISERS. THE FOUNDATION SPONSORS EVENTS THAT GATHER PEOPLE TO CELEBRATE, TAKE COLLECTIVE ACTION, AND MAKE PROGRESS TOWARD JUSTICE AND EQUITY IN WASHINGTON. THE FOUNDATION PROVIDED SYSTEM, POWER, AND ACTION GRANTS TO SUPPORT ORGANIZATIONS THAT ARE WORKING TO ENSURE PUBLIC POLICY, PUBLIC INSTITUTIONS, AND PUBLIC FUNDING ARE ACCOUNTABLE TO COMMUNITIES THROUGHOUT WASHINGTON. THE WORK OF GRANT RECIPIENTS IS DIVERSE, BUT THE ORGANIZATIONS SHARE A COMMON GOAL OF CREATING A RACIALLY JUST AND EQUITABLE FUTURE.THE FOUNDATION PROVIDED EQUITABLE RESPONSE AND RECOVERY FUNDS TO SUPPORT COMMUNITY-BASED ORGANIZATIONS' RESPONSE TO THE COVID-19 PANDEMIC, ITS DISPROPORTIONATE EFFECTS ON PEOPLE OF COLOR, EFFORTS TO ADVOCATE FOR A MORE JUST AND EQUITABLE RECOVERY. THE FOUNDATION HAS USED THIS STREAM OF FUNDING TO SUPPORT LEADING CULTURALLY-SPECIFIC AND CROSS-RACIAL WORK TO DISRUPT ANTI-BLACK RACISM, ANTI-ASIAN HATE AND VIOLENCE, TO COUNTER DISINFORMATION, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Muthu Muthiah Chief Investment Officer | Officer | 40 | $721,135 |
Nichole Maher President/ceo | Officer | 40 | $601,161 |
Peng Wang Managing Director Of Investments | 40 | $529,719 | |
Cory Sbarbaro Executive Vice President | Officer | 38.8 | $413,904 |
Steven Cole-Schwartz Vice President Of Programs | 40 | $296,158 | |
Carmen Berkley Vice President Of Programs | 40 | $261,992 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Desautel Hege -Dh Communications Services | 12/30/21 | $223,803 |
Hirschler Fleischer Legal Services | 12/30/21 | $291,224 |
State Street Global Advisors Investment Management | 12/30/21 | $333,182 |
Athena Ridge Advisors Llc Investment Management | 12/30/21 | $284,760 |
Citco Fund Services (Usa) Inc Investment Management | 12/30/21 | $181,100 |
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 | $67,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $122,144,549 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,133,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,221,021 |
| 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. | $2,520,855 |
| Compensation of current officers, directors, key employees. | $2,250,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,625,300 |
| Pension plan accruals and contributions | $374,335 |
| Other employee benefits | $424,786 |
| Payroll taxes | $385,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $636,640 |
| Fees for services: Accounting | $128,434 |
| Fees for services: Lobbying | $783,490 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,553,321 |
| Fees for services: Other | $1,467,028 |
| Advertising and promotion | $7,346 |
| Office expenses | $38,810 |
| Information technology | $614,121 |
| Royalties | $0 |
| Occupancy | $248,813 |
| Travel | $65,684 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $458,273 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,737 |
| Insurance | $81,720 |
| All other expenses | $81,900 |
| Total functional expenses | $75,806,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,524,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,480 |
| 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 | $271,475 |
| Net Land, buildings, and equipment | $207,685 |
| Investments—publicly traded securities | $143,225,710 |
| Investments—other securities | $2,335,993,585 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $256,840 |
| Total assets | $2,482,585,640 |
| Accounts payable and accrued expenses | $1,997,675 |
| Grants payable | $53,848,821 |
| 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 | $233,428 |
| Total liabilities | $56,079,924 |
| Net assets without donor restrictions | $2,426,505,716 |
| 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 | $2,482,585,640 |
Grants Awarded
Over the last fiscal year, Group Health Foumdaiton has awarded $61,179,685 in support to 341 organizations.
| Grant Recipient | Amount |
|---|---|
Spokane, WA PURPOSE: GENERAL OPERATING SUPPORT | $1,920,000 |
Seattle, WA PURPOSE: CORE SUPPORT FOR SOCIAL JUSTICE LEAGUE | $1,010,000 |
COLECTIVA LEGAL DEL PUEBLO PURPOSE: CORE SUPPORT FOR WASHINGTON IMMIGRANT RELIEF FUND | $1,000,000 |
Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $913,500 |
Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $910,500 |
Portland, OR PURPOSE: GENERAL OPERATING SUPPORT | $900,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Group Health Foumdaiton has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Group Health Foumdaiton Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Group Health Foumdaiton Seattle, WA | $2,482,585,640 | $121,133,621 |
Empire Health Foundation Spokane, WA | $102,630,779 | $9,724,377 |
Washington State Council Of County & City Emps Health & Welfare Trust Mercer Island, WA | $1,119,270 | $1,779,376 |
Northwest Washington Indian Health Board Bellingham, WA | $1,194,489 | $882,185 |
Ori Community And Evaluation Services Springfield, OR | $143,872 | $449,564 |
Kwiaht Center For The Historial Ecology Of The Salish Sea Lopez Island, WA | $48,821 | $0 |
To Live Seattle, WA | $705,970 | $253,320 |
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 Meridian, ID | $29,959 | $0 |
Evolve Medicine Ashland, OR | $15,021 | $0 |
Health Rosetta Institute Bellingham, WA | $41,542 | $0 |