Elevance Health Foundation Inc
- Assets
- $153.4m
- Revenue
- $25.5m
- Investments
- $148.1m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 35-2122763
Organization Overview
Elevance Health Foundation Inc is located in Indianapolis, IN. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevance Health 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, Elevance Health Foundation Inc generated $25.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $33.3m during the year ending 12/2021. While expenses have increased by 10.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Chrisman Executive Director | 36 | $0 | |
Kathleen Kiefer Secretary | 0.05 | $0 | |
Vince Scher Treasurer | 0.25 | $0 | |
Rick Noble Assistant Treasurer | 0.05 | $0 | |
Shantanu Agrawal MD Chairperson | 0.05 | $0 | |
Scott Anglin Director | 0.05 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elevance Health Inc | 12/30/22 | $1,122,529 |
Arrowstreet Capital | 12/30/22 | $145,030 |
Harrison Street Core Property Fund Lp | 12/30/22 | $129,639 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,265,699 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,084,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,122,789 |
| Capital Gain Net Income | $4,154,756 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,472,782 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $218,993 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,663,118 |
| Total operating and administrative expenses | $1,935,558 |
| Contributions, gifts, grants paid | $31,409,710 |
| Total expenses and disbursements | $33,345,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,762 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $5,000,000 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $148,070,705 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $278,624 |
| Total assets | $153,394,091 |
| Accounts payable and accrued expenses | $66,833 |
| Grants payable | $13,699,383 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $455,621 |
| Total liabilities | $14,221,837 |