Norton Healthcare Foundation Inc

Organization Overview

Norton Healthcare Foundation Inc is located in Louisville, KY. The organization was established in 1977. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Norton Healthcare Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norton Healthcare 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.

For the year ending 12/2021, Norton Healthcare Foundation Inc generated $14.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $5.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Norton Healthcare Foundation Inc has awarded 26 individual grants totaling $32,275,345. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE NORTON HEALTHCARE FOUNDATION RAISES FUNDS AND AWARDS GRANTS IN SUPPORT OF NORTON HOSPITALS, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE NORTON HEALTHCARE FOUNDATION IS THE PHILANTHROPIC ARM OF THE NOT-FOR-PROFIT NORTON HEALTHCARE'S ADULT SERVICES AND FOUR ADULT-SERVICE HOSPITALS: NORTON AUDUBON HOSPITAL, NORTON BROWNSBORO HOSPITAL, NORTON HOSPITAL AND NORTON WOMEN'S & CHILDREN'S HOSPITAL. THE NORTON HEALTHCARE FOUNDATION RAISES FUNDS EACH YEAR TO IMPROVE PROGRAMS, EQUIPMENT AND FACILITIES, RESEARCH AND EDUCATION, ENABLING THE HOSPITALS TO STAY UP TO DATE WITH MEDICAL ADVANCES, TECHNOLOGY AND MAINTAINING THE COMMUNITY'S ACCESS TO HIGH-QUALITY HEALTH CARE. THE FOUNDATION WAS ABLE TO FUND THE FOLLOWING PROGRAMS IN 2021: * PASTORAL CARE CHAPLAIN RESIDENCY PROGRAM * NORTON CANCER INSTITUTE BREAST HEALTH AND CANCER PREVENTION AND EDUCATION PROGRAMS * OPIOID USE REDUCTION PROGRAM * PARKINSON SUPPORT CENTER PROGRAMS * EXPRESSIVE THERAPISTS FOR THE NORTON CANCER INSTITUTE PAT HARRISON RESOURCE CENTER * FELLOWSHIP DIRECTOR FOR NORTON LEATHERMAN SPINE * DEVELOPING FOOD PANTRIES THROUGHOUT THE COMMUNITY * HEEL, DOG, HEAL FACILITY DOG PROGRAM


CAPITAL PROJECTS ARE ALSO FUNDED BY THE NORTON HEALTHCARE FOUNDATION. IN 2021, THE FOUNDATION PROVIDED FUNDING FOR THE FOLLOWING PROJECTS: * A VIRTUAL REALITY BALANCE ASSESSMENT SYSTEM, DRIVING SIMULATOR, ROBOTIC-ASSISTED THERAPY AND MORE AT NORTON NEUROSCIENCE INSTITUTE - BROWNSBORO, A NEW FACILITY IN NORTHEASTERN LOUISVILLE * THREE BIOTRONIK ZERO-GRAVITY UNITS PURCHASED FOR NORTON BROWNSBORO HOSPITAL * UPGRADES AND EQUIPMENT FOR NORTON HEART & VASCULAR INSTITUTE * RENOVATION AND MODERNIZATION OF ONE OF OUR MOBILE UNITS TO ESTABLISH NORTON PREVENTION & WELLNESS MOBILE PRIMARY CARE, A MEDICAL FACILITY ON WHEELS * PURCHASE OF THE PHILIPS EPIQ ELITE DIAGNOSTIC BREAST ULTRASOUND SYSTEM


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Former Director/ Sys VP Mission & Outreach
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$962,560
Related organizations$0
Government grants $2,213,244
All other contributions, gifts, grants, and similar amounts not included above$7,147,196
Noncash contributions included in lines 1a–1f $153,339
Total Revenue from Contributions, Gifts, Grants & Similar$10,323,000
Total Program Service Revenue$0
Investment income $907,665
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,905,534
Net Income from Fundraising Events -$84,068
Net Income from Gaming Activities $7,509
Net Income from Sales of Inventory $472,518
Miscellaneous Revenue$0
Total Revenue $14,532,158

Grants Awarded

Over the last fiscal year, Norton Healthcare Foundation Inc has awarded $4,376,836 in support to 3 organizations.

Grant RecipientAmount

NORTON HOSPITALS INC

Org PageRecipient Profile

Louisville, KY

PURPOSE: FUND OF CAPITAL PROJECTS, PROGRAMS AND SERVICES

$2,383,001

COMMUNITY MEDICAL ASSOCIATES INC

Org PageRecipient Profile

Louisville, KY

PURPOSE: FUND OF CAPITAL PROJECTS, PROGRAMS AND SERVICES

$1,230,576

NORTON HEALTHCARE INC

Org PageRecipient Profile

Louisville, KY

PURPOSE: FUNDING OF CAPITAL PROJECTS, PROGRAMS AND SERVICES

$763,259
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Norton Healthcare Foundation Inc has recieved totaling $23,140.

Awarding OrganizationAmount
The Hazel & Walter T Bales Foundation Inc

Jeffersonville, IN

PURPOSE: GENERAL

$20,000
Koch Foundation Inc

Evansville, IN

PURPOSE: CHARITABLE OPERATIONS

$3,140
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$15,581,064
Earnings$2,615,332
Net Contributions$26,575
Other Expense$804,282
Ending Balance$17,418,689

Create an account to unlock the data you need.

or