The Hsc Foundation
- Assets
- $107.4m
- Revenue
- $11.3m
- Investments
- $3.2m
- Employees
- 266
- Location
- Washington, DC
- Founding
- 08/1984
- Data as of
- 06/2021
- EIN
- 52-1346603
Organization Overview
The Hsc Foundation is located in Washington, DC. The organization was established in 1984. 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 06/2021, Hsc Foundation employed 266 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hsc 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 06/2021, Hsc Foundation generated $11.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $11.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hsc Foundation has awarded 113 individual grants totaling $2,182,472. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
HSC HOME CARE, LLC, (HSCHC) A DISREGARDED ENTITY OF THE ORGANIZATION, OFFERS SKILLED NURSING SERVICES, HOME HEALTH AIDE AND PERSONAL CARE AID SERVICES, RESPITE CARE, REHABILITATIVE THERAPIES, LICENSED CLINICAL SOCIAL WORKERS, WELL MOM AND BABY VISITS, INTERMITTENT INTRAVENOUS SERVICES, AND EDUCATION FOR PATIENT, PATIENT FAMILY, AND CAREGIVER. DURING THE YEAR ENDED JUNE 30, 2021 HSC HOME CARE PROVIDED HOME VISITS TO PRIMARILY MEDICAID PEDIATRIC PATIENTS IN THE DC METROPOLITAN AREA. THERE WERE 22,850 SKILLED NURSING VISITS AND 6,098 HOME HEALTH AIDE VISITS. HSC HOME CARE ALSO HAD 1,154 OT, PT, SPEECH THERAPY AND SOCIAL WORK VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Fields Fmr Evp Mgd Care To 03/2020 | 0 | $453,772 | |
Josephine Bias Robinson Fmr Evp External Affairs To 12/2019 | 0 | $361,456 | |
Patricia Austin COO Home Care To 07/2020 | Officer | 55 | $301,359 |
Kimberly Brown VP & Corporate Controller To 12/2020 | Officer | 55 | $257,224 |
Donna Anthony Fmr Evp Clinical Strategy To 06/2020 | 0 | $190,823 | |
David Bishop VP It To 06/2020 | 0 | $140,899 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allscripts Misys Llc It Services | 6/29/21 | $136,409 |
Grant Thornton Llp Accounting Services | 6/29/21 | $229,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $444,788 |
| All other contributions, gifts, grants, and similar amounts not included above | $104 |
| Noncash contributions included in lines 1a–1f | $104 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,892 |
| Total Program Service Revenue | $9,659,488 |
| Investment income | $1,164,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,268,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $319,987 |
| Compensation of current officers, directors, key employees. | $319,987 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,519,199 |
| Pension plan accruals and contributions | $196,327 |
| Other employee benefits | $524,804 |
| Payroll taxes | $517,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $379,240 |
| Advertising and promotion | $0 |
| Office expenses | $28,039 |
| Information technology | $6,628 |
| Royalties | $0 |
| Occupancy | $168,858 |
| Travel | $9,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,048 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $431,699 |
| Insurance | $10,062 |
| All other expenses | $15,287 |
| Total functional expenses | $11,669,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,305,251 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,557,711 |
| 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 | $395,875 |
| Net Land, buildings, and equipment | $381,152 |
| Investments—publicly traded securities | $51,372,030 |
| Investments—other securities | $3,211,118 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,163,311 |
| Total assets | $107,386,448 |
| Accounts payable and accrued expenses | $1,383,911 |
| 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 | $491,281 |
| Total liabilities | $1,875,192 |
| Net assets without donor restrictions | $105,511,256 |
| 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 | $107,386,448 |
Grants Awarded
Over the last fiscal year, The Hsc Foundation has awarded $200,878 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: NATIONAL YOUTH TRANSITIONS INITIATIVE SUPPORT | $116,878 |
Washington, DC PURPOSE: SUPPORT | $6,000 |
Arlington, VA PURPOSE: SUPPORT | $6,000 |
Rockville, MD PURPOSE: SUPPORT | $6,000 |
Germantown, MD PURPOSE: SUPPORT | $6,000 |
Washington, DC PURPOSE: SUPPORT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Hsc Foundation has recieved totaling $48,000.
| Awarding Organization | Amount |
|---|---|
Starlight Childrens Foundation Culver City, CA PURPOSE: THERAPY ROOM RENOVATION | $48,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Syrian American Medical Society Foundation Washington, DC | $20,670,637 | $42,052,972 |
Johns Hopkins Hospital Endowment Fund Incorporated Baltimore, MD | $745,035,781 | $11,088,977 |
The Hsc Foundation Washington, DC | $107,386,448 | $11,268,614 |
Horizon Foundation Of Howard County Inc Columbia, MD | $95,051,877 | $2,906,262 |
Upper Chesapeake Health Foundation Inc Bel Air, MD | $47,305,445 | $3,872,894 |
Annabella R Jenkins Foundation Richmond, VA | $70,934,282 | $6,833,566 |
Whitman-Walker Foundation Inc Washington, DC | $3,593,058 | $4,293,834 |
National Gaucher Care Foundation Inc Rockville, MD | $51,058 | $1,800,202 |
Uhs Professional Education Programs Inc Richmond, VA | $480,810 | $1,744,487 |
Ahc Community Health Foundation Fishersville, VA | $10,669,558 | $3,611,089 |
John Randolph Foundation Inc Hopewell, VA | $13,095,936 | $2,066,260 |
Healthcare Initiative Foundation Bethesda, MD | $31,524,858 | $1,762,273 |