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Nonprofiteer
← HFSF GRANTS MANAGEMENT INC

Form 990 for tax year 2023

Filed by HFSF GRANTS MANAGEMENT INC.

What the amendment changed

Compared with the return it replaced , filed 14 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed only on the earlier return

  • Melida Akiti

Listed only on the later return

  • Dionne Wong
  • J Everett Wilson

Listed under a different title

  • Barbara Fonte: SECRETARY then VICE-CHAIRWOMAN
  • Michael De Lucca: VICE CHAIRMAN then CHAIRMAN

Totals

Total revenue
$8,112,639
Total expenses
$6,754,715
Contributions and grants received
$250,000
Grants paid
$3,613,440
Program service revenue
$0
Investment income
$7,796,797
Other revenue
$65,842
Total assets, end of year
$148,055,423
Total liabilities, end of year
$9,149,411
Net assets or fund balances, end of year
$138,906,012
Program services expenses (Part IX)
$6,060,176
Management and general expenses
$694,539
Fundraising expenses
$0
Program service expenses (Part III)
$6,060,176

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $250,000

  • 3 · Investment income

    total $2,476,820 · excluded $2,476,820

  • 7a · Gross sales of assets other than inventory

    securities $14,604,105

  • 7b · Less cost or other basis and sales expenses

    securities $9,284,128

  • 7c · Gain or loss

    securities $5,319,977

  • 7d · Net gain or loss

    total $5,319,977 · excluded $5,319,977

  • 11a · Other revenue: OTHER INCOME

    total $65,842 · excluded $65,842

  • 11e · Other revenue, total

    $65,842

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,613,440 · program services $3,613,440

  • 5 · Compensation of officers, directors and key employees

    total $695,581 · program services $596,953 · management and general $98,628

  • 7 · Other salaries and wages

    total $453,328 · program services $452,248 · management and general $1,080

  • 8 · Pension plan contributions

    total $23,762 · program services $14,488 · management and general $9,274

  • 9 · Other employee benefits

    total $158,171 · program services $134,446 · management and general $23,725

  • 10 · Payroll taxes

    total $67,888 · program services $57,705 · management and general $10,183

  • 11b · Fees: legal

    total $55,107 · program services $55,107

  • 11c · Fees: accounting

    total $59,628 · program services $59,628

  • 11d · Fees: lobbying

    total $12,779 · program services $12,779

  • 11f · Fees: investment management

    total $551,649 · management and general $551,649

  • 11g · Fees: other

    total $559,555 · program services $559,555

  • 12 · Advertising and promotion

    total $51,927 · program services $51,927

  • 13 · Office expenses

    total $135,231 · program services $135,231

  • 16 · Occupancy

    total $9,291 · program services $9,291

  • 17 · Travel

    total $8,800 · program services $8,800

  • 19 · Conferences, conventions and meetings

    total $252,899 · program services $252,899

  • 23 · Insurance

    total $45,679 · program services $45,679

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $203,380 · end of year $84,050

  • 2 · Savings and temporary cash investments

    beginning of year $471,908 · end of year $10,472

  • 4 · Accounts receivable

    end of year $15,000

  • 7 · Other notes and loans receivable

    beginning of year $1,210,000 · end of year $1,210,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,914 · end of year $20,587

  • 11 · Investments: publicly traded securities

    beginning of year $101,207,774 · end of year $106,681,526

  • 12 · Investments: other securities

    beginning of year $40,176,613 · end of year $40,033,788

  • 17 · Accounts payable and accrued expenses

    beginning of year $185,761 · end of year $200,727

  • 18 · Grants payable

    beginning of year $6,385,388 · end of year $5,455,640

  • 23 · Secured mortgages and notes payable

    beginning of year $1,400,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $6,647,026 · end of year $3,493,044

  • 27 · Net assets without donor restrictions

    beginning of year $128,666,414 · end of year $138,906,012

Mission and programs · 2023

Mission

THE MISSION OF HEALTH FOUNDATION OF SOUTH FLORIDA IS TO INVEST IN AND BE A CATALYST FOR COLLABORATIONS, POLICY AND SYSTEMS CHANGE THAT IMPROVES THE HEALTH OF SOUTH FLORIDA COMMUNITIES, WITH A FOCUS ON VULNERABLE, LOW TO MODERATE-INCOME POPULATIONS.

Activities or mission (Part I)

OUR VISION IS FOR ALL SOUTH FLORIDIANS TO HAVE AN EQUAL OPPORTUNITY TO ACHIEVE OPTIMAL HEALTH AND WELL-BEING.

  • STRATEGIC AND RESPONSIVE GRANTS: THE FOUNDATION'S STRATEGIC GRANT MAKING GOALS INCLUDE: ACCESS TO CARE, INTEGRATION OF HEALTH AND SOCIAL NEEDS AND FOSTERING THRIVING COMMUNITIES. THIS INCLUDES INCREASING ACCESS TO ROUTINE AND PREVENTIVE MEDICAL CARE; REDUCING HEALTH DISPARITIES BY ADVANCING A COLLABORATIVE SYSTEM ACROSS SECTORS, THAT ENABLES AND FACILITATES THE INTEGRATION OF SOCIAL NEEDS AND HEALTH CARE; AND IMPROVING THE SOCIAL AND ECONOMIC CONDITIONS THAT PROMOTE PHYSICAL, MENTAL AND EMOTIONAL WELL-BEING. THESE GRANTS CAN INCLUDE FUNDING IN EXCESS OF ONE YEAR.

    Expenses $5,232,690 · Grants $3,252,096

  • ADMINISTRATIVE GRANTS: THESE GRANTS SUPPORT SMALLER PROJECTS UP TO $50,000 THAT TYPICALLY LAST ONE YEAR OR LESS. THE PROCESS FOR APPLYING IS LESS FORMAL AND AN ADMINISTRATIVE GRANT MAY ALSO BE AWARDED TO PROVIDE "BRIDGE" FUNDING FOR A RESPONSIVE GRANT, FUND SPECIAL PROJECTS, PLANNING GRANTS, AND SMALL EMERGENCY GRANTS.

    Expenses $223,657 · Grants $180,672

  • OTHER PROGRAMS: THE FOUNDATION SUPPORTS INITIATIVES AND PROGRAMS ALIGNED WITH ITS MISSION AND STRATEGIC GOALS INCLUDING THE SOUTH FLORIDA ANCHOR ALLIANCE, THE BLACK HEALTH SUMMIT COMMUNITY SPONSORSHIPS AND SCHOLARSHIP SUPPORT FOR NURSING AND ALLIED HEALTH PROGRAMS.

    Expenses $603,829 · Grants $180,672

As filed on the 2023 return.

Listed in Part VII

  • Michael De Lucca

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Barbara Fonte

    VICE-CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Dionne Wong

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • J Everett Wilson

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Loreen Chant

    PRESIDENT/CEO

    Total calculated
    $351,429
    From this org
    $276,833
    From related orgs
    $48,853
    Other
    $25,743
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $276,833 + $48,853 related
    Bonus
    $0
    Other
    $0
    Deferred
    $22,385 + $3,358 related
    Nontaxable benefits
    $0
    Filer's total
    $299,218 + $52,211 related

  • Alecia Dillon

    CFO

    Total calculated
    $243,598
    From this org
    $191,733
    From related orgs
    $33,835
    Other
    $18,030
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $191,733 + $33,835 related
    Bonus
    $0
    Other
    $0
    Deferred
    $15,678 + $2,352 related
    Nontaxable benefits
    $0
    Filer's total
    $207,411 + $36,187 related

  • Janisse Schoepp

    CSO

    Total calculated
    $240,249
    From this org
    $188,951
    From related orgs
    $33,344
    Other
    $17,954
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $188,951 + $33,344 related
    Bonus
    $0
    Other
    $0
    Deferred
    $15,612 + $2,342 related
    Nontaxable benefits
    $0
    Filer's total
    $204,563 + $35,686 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
4 February 2025
IRS schema version
2023v6.0
Source object
202530359349300623

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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