Molina Healthcare Charitable Foundation
- Assets
- $6.6m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 05/2023
- EIN
- 85-1496438
Organization Overview
Molina Healthcare Charitable Foundation is located in Wilmington, DE. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Molina Healthcare Charitable 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 05/2023, Molina Healthcare Charitable Foundation generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (30.3%) each year. All expenses for the organization totaled $4.5m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Molina Healthcare Charitable Foundation has awarded 617 individual grants totaling $13,197,367. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PPE DISTRIBUTION PROGRAM - PERSONAL PROTECTIVE EQUIPMENT (PPE) DISTRIBUTION TO SUPPORT COVID TESTING SITES.
WINTER STORM URI RELIEF EFFORT - FOUNDATION VOLUNTEERS DISTRIBUTE FOOD AND SUPPLIES TO PUBLIC IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Anderson Dir | 1 | $0 | |
Jeff Barlow Sec | 1 | $0 | |
Carolyn Ingram Dir, Executive Dir | 25 | $0 | |
Mark Keim Treas | 1 | $0 | |
Ronald Kurtz Chair, Executive Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,054,535 |
| Interest on Savings | $18,415 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,072,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $126,405 |
| Total operating and administrative expenses | $142,605 |
| Contributions, gifts, grants paid | $4,339,533 |
| Total expenses and disbursements | $4,482,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,613,897 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,613,897 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Molina Healthcare Charitable Foundation has awarded $4,339,533 in support to 129 organizations.
| Grant Recipient | Amount |
|---|---|
ACUMEN FUND INC PURPOSE: MEDICAID INNOVATION COLLABORATIVE (MIC) - TECH-ENABLED INNOVATION IN MEDICAID TO ADVANCE HEALTH EQUITY | $150,000 |
ALBUQUERQUE MEALS ON WHEELS INC PURPOSE: MEALS ON WHEELS FOOD DELIVERY PROGRAM FOR HOMEBOUND INDIVIDUALS | $30,000 |
AMERICAN HEART ASSOCIATION INC - AMERICAN STROKE A PURPOSE: TEEN VOICE VIDEO ON VAPING AND TOBACCO-FREE SCHOOLS | $15,000 |
ARAB COMMUNITY CENTER FOR ECONOMIC & SOCIAL SERVIC PURPOSE: SOCIAL DETERMINANTS NAVIGATION GRANT FOR DIVERSE COMMUNITIES | $100,000 |
CASA DE PEREGRINOS INC PURPOSE: COMMUNITY OF HOPE (SHELTER, HOUSING AND SUPPORT SERVICES) | $20,000 |
CHARLES DREW UNIVERSITY OF MEDICINE & SCIENCE PURPOSE: MOLINACARES HEALTH EQUITY CHALLENGE - STEP UP, STAND DOWN: A MENTAL HEALTH DE-ESCALATION TOOLKIT FOR PROVIDERS | $50,000 |