Health Insights Foundation Inc
- Assets
- $553.1k
- Revenue
- $693.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 12/1989
- Data as of
- 12/2021
- EIN
- 58-1846232
Organization Overview
Health Insights Foundation Inc is located in Sugar Land, TX. The organization was established in 1989. 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. Health Insights Foundation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Health Insights Foundation Inc generated $693.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $467.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH INSIGHTS FOUNDATION IS ORGANIZED TO EDUCATE ITS MEMBERS ON KEY INITIATIVES OCCURRING WITHIN THE HEALTHCARE INDUSTRY THROUGH THE FOLLOWING: PROMOTE AND AID MEMBERS IN KEEPING INFORMED OF TRENDS AND DEVELOPMENTS IN THE HEALTHCARE INDUSTRY; HELP MEMBERS BECOME MORE EFFECTIVE MANAGERS AND ADMINISTRATORS IN THE HEALTHCARE INDUSTRY; PROVIDE A FORUM FOR DIALOGUE AND COMMUNICATION AMONG MANAGERS AND ADMINISTRATORS IN THE HEALTHCARE INDUSTRY; AND, ANALYZE AND FIND SOLUTIONS TO PROBLEMS FACING THE HEALTHCARE INDUSTRY. PERSONAL MEMBERS ARE ADMITTED TO THE ORGANIZATION BY INVITATION AND ARE SELECTED BASED ON THEIR EXPERTISE AND LEADERSHIP IN THE HEALTHCARE INDUSTRY. IN 2021, HEALTH INSIGHTS HAD 22 PERSONAL MEMBERS. CORPORATE MEMBERS ARE ADMITTED TO THE ORGANIZATION BY INVITATION AND ARE REPRESENTED NATIONALLY, SOME GLOBALLY, IN THEIR INDUSTRY. IN 2021, HEALTH INSIGHTS HAD 17 CORPORATE MEMBERS. DURING 2021, EACH PERSONAL MEMBER PAID $1,000 ANNUAL MEMBERSHIP DUES. DUE TO COVID-19, THIS WAS DI
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEALTH INSIGHTS FOUNDATION HELD THEIR SPRING 2021 CONFERENCE VIRTUALLY DUE TO THE ONGOING COVID-19 PANDEMIC, OVER THE DATES OF MAY 19TH, 20TH AND 21ST. FOURTEEN INSIGHT SESSIONS WERE HOSTED DURING THE SPRING 2021 CONFERENCE. THE NUMBER OF PERSONS BENEFITING FROM THIS PROGRAM WAS THE ENTIRE ATTENDING MEMBERSHIP ALONG WITH AFFILIATED COLLEAGUES, APPROXIMATELY 135 INDIVIDUALS. THE FALL 2021 CONFERENCE WAS ALSO HELD VIRTUALLY ON VARIOUS DATES OVER THE MONTHS OF OCTOBER, NOVEMBER, AND DECEMBER. THIRTEEN INSIGHT SESSIONS WERE HOSTED DURING THE SPRING 2021 CONFERENCE. ONE MEMBER FORUM WAS HOSTED DURING THE 2021 CONFERENCE: AND FOCUSED ON THE ?STATE OF THE ORGANIZATION: AN UPDATE FOR HEALTH INSIGHTS MEMBERS". THE NUMBER OF PERSONS BENEFITING FROM THIS PROGRAM WAS THE ENTIRE ATTENDING MEMBERSHIP ALONG WITH AFFILIATED COLLEAGUES, APPROXIMATELY 127 INDIVIDUALS. BEGINNING SPRING 2022, PROGRAMS ARE RETURNING TO IN-PERSON CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Raske Secretary | OfficerTrustee | 0.25 | $0 |
Elliot Joseph Chairman | OfficerTrustee | 0.25 | $0 |
Richard Dallam Chairman | OfficerTrustee | 0.25 | $0 |
Walter Rosebrough Chairman | OfficerTrustee | 0.25 | $0 |
David R Pitts President | OfficerTrustee | 6 | $0 |
Joseph Scopelliti MD Director | Trustee | 0.25 | $0 |
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 | $693,000 |
| Investment income | $177 |
| 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 | $693,177 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $416,867 |
| Fees for services: Legal | $1,760 |
| Fees for services: Accounting | $1,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,265 |
| Office expenses | $2,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,738 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $467,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,545 |
| Savings and temporary cash investments | $308,255 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $69,250 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $553,050 |
| Accounts payable and accrued expenses | $3,961 |
| 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 | $0 |
| Total liabilities | $3,961 |
| Net assets without donor restrictions | $0 |
| 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 | $549,089 |
| Total liabilities and net assets/fund balances | $553,050 |
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