Potomac Health Foundation
- Assets
- $124.8m
- Revenue
- $8.9m
- Investments
- $123.9m
- Employees
- 0
- Location
- Woodbridge, VA
- Founding
- 04/1984
- Data as of
- 10/2021
- EIN
- 52-1340920
Organization Overview
Potomac Health Foundation is located in Woodbridge, VA. The organization was established in 1984. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Health Foundation 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 10/2021, Potomac Health Foundation generated $8.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $12.1m during the year ending 10/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Potomac Health Foundation has awarded 953 individual grants totaling $50,158,757. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susie Lee Executive Director | 40 | $147,321 | |
Sam Hill Edd Director | 1 | $0 | |
Kathie Johnson Director | 1 | $0 | |
Sarah Pitkin PHD Director | 1 | $0 | |
Marion M Wall Chair | 4 | $0 | |
Carol S Shapiro MD MBA Vice-Chair | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sei Global Institutional Group | 10/30/18 | $596,085 |
Community Health Solutions Inc | 10/30/18 | $54,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $152 |
| Interest on Savings | $211 |
| Dividends & Interest | $6,200,215 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,690,689 |
| Capital Gain Net Income | $2,690,689 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,929 |
| Total Revenue | $8,932,196 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $118,846 |
| Other employee salaries and wages | $130,265 |
| Pension plans, employee benefits | $56,632 |
| Interest | $0 |
| Taxes | $356,342 |
| Depreciation | $1,270 |
| Occupancy | $35,541 |
| Travel, conferences, and meetings | $2,344 |
| Printing and publications | $0 |
| Other expenses | $58,675 |
| Total operating and administrative expenses | $1,445,656 |
| Contributions, gifts, grants paid | $10,659,213 |
| Total expenses and disbursements | $12,104,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $432,671 |
| Net Accounts receivable | $48,590 |
| Net Pledges Receivable | $364,238 |
| Grants receivable | $0 |
| 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 | $34,516 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,247,679 |
| Net Land, buildings, and equipment | $2,454 |
| Other assets | $0 |
| Total assets | $124,789,436 |
| Accounts payable and accrued expenses | $214,711 |
| Grants payable | $5,749,825 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $376,702 |
| Total liabilities | $6,341,238 |
Grants Awarded
Over the last fiscal year, Potomac Health Foundation has awarded $11,988,469 in support to 133 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH FOR TOMORROW PURPOSE: COORDINATED BEHAVIORAL HLTH SVCS-DUMFRIES | $582,329 |
THE ARC OF GREATER PRINCE WILLIAM PURPOSE: SUPPORTING INDIVIDUALS W/ DEVELOPMENTAL DISABILITIES & THEIR FAMILIES | $500,000 |
Oakton, VA PURPOSE: GEN OPS SUPPORT | $500,000 |
Dumfries, VA PURPOSE: GEN OPS | $500,000 |
THE HOUSE INC STUDENT LEADERSHIP CENTER PURPOSE: GEN OPS SUPPORT | $500,000 |
VA POVERTY LAW CENTER PURPOSE: ENROLL VA POTOMAC | $397,612 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Carolina Medicorp Enterprises Llc Winston Salem, NC | $11,898,708 | $46,315,888 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
Fauquier Health Foundation Warrenton, VA | $249,193,841 | $9,571,718 |
Chesapeake Regional Medical Group Chesapeake, VA | $4,557,734 | $12,231,172 |
Calvert Health System Inc Prince Frederick, MD | $134,464,089 | $23,125,484 |
North Carolina Agricultural Foundation Inc Raleigh, NC | $248,209,354 | $30,308,869 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
Childrens Hospital And Healthcare Services Foundation Richmond, VA | $253,228,925 | $70,265,641 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |