Healthcare Georgia Foundation Inc
- Assets
- $145.4m
- Revenue
- $18.3m
- Investments
- $138.4m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 58-2418091
Organization Overview
Healthcare Georgia Foundation Inc is located in Atlanta, GA. The organization was established in 1999. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Healthcare Georgia 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, Healthcare Georgia Foundation Inc generated $18.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 50.5% each year . All expenses for the organization totaled $6.7m during the year ending 12/2021. While expenses have increased by 0.4% 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.
Since 2019, Healthcare Georgia Foundation Inc has awarded 211 individual grants totaling $10,304,807. 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 |
|---|---|---|---|
Gary D Nelson PHD President | 50 | $325,000 | |
Michael J Sweeney III Chief Financial Officer | 40 | $98,258 | |
Alpha Bryan MD Board Member, Immediate Past Chair | 1 | $0 | |
Seema Csukas MD PHD Faap Board Member, Chair | 1 | $0 | |
Douglas W Patten MD Facs Board Member, Vice Chair | 1 | $0 | |
Kate Finley CFP Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cevian Capital | 12/30/21 | $745,712 |
Crewcial Partners | 12/30/21 | $140,259 |
Davidson Kempner Capital Management | 12/30/21 | $106,056 |
Wittkiefer | 12/30/21 | $108,461 |
Applied Fundamentals Research | 12/30/21 | $135,741 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,365,712 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,965,884 |
| Capital Gain Net Income | $16,373,616 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,331,596 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $423,259 |
| Other employee salaries and wages | $748,787 |
| Pension plans, employee benefits | $290,284 |
| Interest | $0 |
| Taxes | $338,498 |
| Depreciation | $24,478 |
| Occupancy | $235,047 |
| Travel, conferences, and meetings | $34,149 |
| Printing and publications | $0 |
| Other expenses | $115,404 |
| Total operating and administrative expenses | $2,997,229 |
| Contributions, gifts, grants paid | $3,693,857 |
| Total expenses and disbursements | $6,691,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,841,393 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| 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 | $32,884 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $44,131,433 |
| Net Land, buildings, and equipment | $97,081 |
| Other assets | $1,014,778 |
| Total assets | $145,422,542 |
| Accounts payable and accrued expenses | $173,432 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $566,302 |
| Total liabilities | $739,734 |
Grants Awarded
Over the last fiscal year, Healthcare Georgia Foundation Inc has awarded $3,693,857 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
MOREHOUSE SCHOOL OF MED MATERNAL HEALTH EQUITY PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION | $300,000 |
1ACCORD VIDEOS MEDIA PURPOSE: SUPPORT TO PROVIDE DIRECT FINANCIAL ASSISTANCE TO SUPPORT SMALL BUSINESS RECOVERY IN SOUTHWEST GEORGIA | $249,000 |
Atlanta, GA PURPOSE: SUPPORT TO IMPLEMENT THE EVALUATION OF THE TWO GEORGIA'S INITIATIVE (INITIATIVE) PHASE II, YEAR 3. | $245,000 |
Decatur, GA PURPOSE: SUPPORT TO DELIVER COACHING SERVICES TO THE 11 TWO GEORGIA'S INITIATIVE GRANTEES INCLUDING THE LEAD ORGANIZATIONS AND THE AFFILIATED COALITIONS/PARTNERSHIPS. | $226,000 |
Atlanta, GA PURPOSE: SUPPORT TO ASSIST COMMUNITY BASED ORGANIZATIONS WITH RESPONDING TO COMMUNITY NEEDS RELATIVE TO THOSE WHO HAVE BEEN IMPACTED BY COVID-19 AND NEED HELP WITH BASIC HUMAN NEEDS SUCH AS CHILDCARE, UTILITIES, RENT ASSISTANCE, FOOD, AND ACCESS TO PERSONAL PROTEC | $225,000 |
TCC GROUP PURPOSE: SUPPORT TO PARTNER WITH THE FOUNDATION TO RECALIBRATE THE EMPOWERHEALTH CAPACITY BUILDING GRANT PROGRAM | $156,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Copperhead Charities Inc Palm Harbor, FL | $5,855,870 | $16,276,032 |
Durham Realty Inc Durham, NC | $66,578,409 | $21,835,955 |
Hfsf Grants Management Inc Miami, FL | $164,842,326 | $9,370,110 |
Healthcare Georgia Foundation Inc Atlanta, GA | $145,422,542 | $18,331,596 |
Kanuga Endowment Inc Hendersonville, NC | $0 | $539,404 |
United Jewish Charities Of Greater Charlotte Inc Charlotte, NC | $8,151,447 | $4,750,352 |
The David Herro Charitable Foundation Palm Beach, FL | $0 | $2,921,972 |
Rally Foundation Inc Atlanta, GA | $9,445,133 | $7,328,050 |
David A Straz Jr Foundation Tampa, FL | $131,621,183 | $77,599,258 |
Stoops Family Foundation Inc Delray Beach, FL | $20,465,985 | $11,384,519 |
Project Akilah Inc Tampa, FL | $3,270,009 | $3,129,345 |
Dadefund Inc Miami, FL | $3,023 | $29,705 |