Humana Foundation Inc
- Assets
- $415.3m
- Revenue
- $5.5m
- Investments
- $246.3m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 12/1982
- Data as of
- 12/2022
- EIN
- 61-1004763
Organization Overview
Humana Foundation Inc is located in Louisville, KY. The organization was established in 1982. 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. Humana 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 12/2022, Humana Foundation Inc generated $5.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $44.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Humana Foundation Inc has awarded 211 individual grants totaling $127,781,449. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AMERICA - THE FOUNDATION HAS MADE NO DISTRIBUTION IN WHICH IT MAINTAINS "SIGNIFICANT INVOLVEMENT" WITHIN THE MEANING OF REG. SEC. 53.4942(B)(2).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Benjamin Chief Executive Officer | 40 | $0 | |
Susan M Diamond Senior Vice President, CFO | 1 | $0 | |
James K Moore Vice President, Operational Ri | 1 | $0 | |
W Mark Preston Vice President & Treasurer | 1 | $0 | |
D Hank Robinson Vice President, Tax | 1 | $0 | |
Joseph C Ventura Chief Legal Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ipg Dxtra Inc | 12/30/22 | $235,183 |
Kbm Group Llc Dba Wunderman Data Managem | 12/30/22 | $64,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,080,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,590,682 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,489,752 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125,728 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$398,421 |
| Total operating and administrative expenses | $162,437 |
| Contributions, gifts, grants paid | $44,243,050 |
| Total expenses and disbursements | $44,405,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,242,548 |
| Savings and temporary cash investments | $38,711,604 |
| Net Accounts receivable | $432,748 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $62,593,644 |
| Investments—other | $836,946 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $128,657,164 |
| Total assets | $415,323,930 |
| Accounts payable and accrued expenses | $152,509 |
| Grants payable | $27,700,090 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,788,338 |
| Total liabilities | $29,640,937 |
Grants Awarded
Over the last fiscal year, Humana Foundation Inc has awarded $44,243,050 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIAT PURPOSE: COMMUNITY PARTNERS PROGRAM GRANT | $250,000 |
ART OF LIVING SAN ANTONIO PURPOSE: PRIOR YEAR MATCHING GIFT - VOIDED CHECK | -$100 |
CENTER FOR DISASTER PHILANTHROPY INC PURPOSE: EASTERN KENTUCKY FLOOD RELIEF EFFORTS | $96,500 |
AMERICAN ONLINE GIVING FOUNDATION INC PURPOSE: MATCHING GIFTS & VOLUNTEER AWARDS | $1,851,550 |
BORDERLAND RAINBOW CENTER PURPOSE: COMMUNITY PARTNERS PROGRAM GRANT | $10,000 |
CENTER FOR DISASTER PHILANTHROPY INC PURPOSE: HURRICANE IAN AND FIONA RELIEF EFFORTS | $200,000 |