Molina Healthcare Charitable Foundation
- Assets
- $6.0m
- Revenue
- $109.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 05/2022
- 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 05/2022, Molina Healthcare Charitable Foundation generated $109.1k in total revenue. All expenses for the organization totaled $7.0m during the year ending 05/2022.
Since 2021, Molina Healthcare Charitable Foundation has awarded 488 individual grants totaling $8,857,834. 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
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 |
|---|---|---|---|
Jeff Barlow Sec | 1 | $0 | |
Ronald Kurtz Chair, Executive Dir | 1 | $0 | |
Mark Keim Treas | 1 | $0 | |
Carolyn Ingram Dir, Executive Dir | 25 | $0 | |
Lawrence Anderson Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $91,677 |
| Interest on Savings | $17,408 |
| 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 | $109,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,076 |
| Other expenses | $160,204 |
| Total operating and administrative expenses | $178,490 |
| Contributions, gifts, grants paid | $6,817,916 |
| Total expenses and disbursements | $6,996,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,994,239 |
| Net Accounts receivable | $25,000 |
| 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 | $3,846 |
| Total assets | $6,023,085 |
| 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 $6,817,916 in support to 370 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: LEADERSHIP EQUITY PROGRAM | $550,000 |
Cleveland, OH PURPOSE: ANNUAL TUITION-BASED SCHOLARSHIPS FOR A TOTAL OF FOUR (4) STUDENTS IN EACH OF THE ACADEMIC YEARS COMMENCING FALL OF 2021, 2022, 2023, AND 2024 | $300,000 |
San Francisco, CA PURPOSE: TRANSITIONS CLINIC NETWORK (TCN) REENTRY HEALTHCARE HUB | $250,000 |
Round Rock, TX PURPOSE: ADVANCING RURAL HEALTH; CLINICAL INTEGRATION, TELEHEALTH AND DATA ANALYTICS | $250,000 |
COMMONWEALTH OF KENTUCKY PURPOSE: TEAM WESTERN KENTUCKY TORNADO RELIEF FUND | $200,000 |
Seattle, WA PURPOSE: REINFORCING THE SAFETY NET PROGRAM | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
David R & Patricia D Atkinson Foundation Princeton, NJ | $114,019,131 | $20,460,455 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |
Illumina Corporate Foundation Wilmington, DE | $8,163,072 | $7,329,761 |
William And Phyllis Mack Family Foundation Inc Fort Lee, NJ | $6,899,137 | $5,510,037 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |