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Nonprofiteer
← THE GRADY HEALTH FOUNDATION INC

Form 990 for tax year 2023

Filed by THE GRADY HEALTH FOUNDATION INC.

Totals

Total revenue
$26,238,559
Total expenses
$20,580,425
Contributions and grants received
$23,266,138
Grants paid
$7,327,685
Program service revenue
$999,791
Investment income
$674,131
Other revenue
$1,298,499
Total assets, end of year
$53,797,070
Total liabilities, end of year
$2,438,386
Net assets or fund balances, end of year
$51,358,684
Program services expenses (Part IX)
$17,516,736
Management and general expenses
$1,368,514
Fundraising expenses
$1,695,175
Program service expenses (Part III)
$17,516,736

Program services were 85.1% 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

    $23,266,138

  • 1g · Noncash contributions included above

    $121,977

  • 2a · Program service revenue: MANAGEMENT FEE

    total $963,319 · related or exempt $963,319

  • 2b · Program service revenue: HEALTH CARE PRESENTATION FEES

    total $36,472 · related or exempt $36,472

  • 3 · Investment income

    total $783,591 · excluded $783,591

  • 7a · Gross sales of assets other than inventory

    securities $512,935

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

    securities $622,395

  • 7c · Gain or loss

    securities -$109,460

  • 7d · Net gain or loss

    total -$109,460 · excluded -$109,460

  • 8a · Fundraising events: gross income

    $2,600,997

  • 8b · Fundraising events: direct expenses

    $1,302,498

  • 8c · Net income from fundraising events

    total $1,298,499 · excluded $1,298,499

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,245,878 · program services $7,245,878

  • 2 · Grants to domestic individuals

    total $81,807 · program services $81,807

  • 5 · Compensation of officers, directors and key employees

    total $1,102,028 · management and general $551,014 · fundraising $551,014

  • 7 · Other salaries and wages

    total $1,025,098 · management and general $128,145 · fundraising $896,953

  • 11a · Fees: management

    total $963,319 · program services $963,319

  • 11c · Fees: accounting

    total $45,300 · management and general $45,300

  • 11e · Fees: professional fundraising services

    total $219,629 · fundraising $219,629

  • 11f · Fees: investment management

    total $13,571 · management and general $13,571

  • 11g · Fees: other

    total $74,976 · management and general $47,397 · fundraising $27,579

  • 13 · Office expenses

    total $13,919 · management and general $13,919

  • 14 · Information technology

    total $85,427 · management and general $85,427

  • 15 · Royalties

    total $268,598 · management and general $268,598

  • 19 · Conferences, conventions and meetings

    total $9,266 · management and general $9,266

  • 22 · Depreciation, depletion and amortization

    total $9,409 · management and general $9,409

  • 24a · Other expenses: MISCELLAENOUS EXPENSE

    total $490,600 · program services $294,132 · management and general $196,468

  • 24b · Other expenses: PATIENT ASSISTANT

    total $131,600 · program services $131,600

  • 24e · All other expenses

    total $8,800,000 · program services $8,800,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $36,492,934 · end of year $34,659,971

  • 3 · Pledges and grants receivable

    beginning of year $6,617,642 · end of year $14,520,717

  • 4 · Accounts receivable

    beginning of year $43,900 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $317,441 · end of year $204,579

  • 10a · Land, buildings and equipment: cost or other basis

    $310,988

  • 10b · Land, buildings and equipment: accumulated depreciation

    $302,419

  • 10c · Land, buildings and equipment, net

    beginning of year $11,667 · end of year $8,569

  • 11 · Investments: publicly traded securities

    beginning of year $2,968,658 · end of year $3,118,121

  • 15 · Other assets

    beginning of year $1,495,153 · end of year $1,285,113

  • 17 · Accounts payable and accrued expenses

    beginning of year $699,779 · end of year $894,441

  • 19 · Deferred revenue

    beginning of year $50,000 · end of year $65,343

  • 25 · Other liabilities

    beginning of year $1,698,262 · end of year $1,478,602

  • 27 · Net assets without donor restrictions

    beginning of year $4,305,186 · end of year $7,544,336

  • 28 · Net assets with donor restrictions

    beginning of year $41,194,168 · end of year $43,814,348

Mission and programs · 2023

Mission

THE MISSION OF THE GRADY HEALTH FOUNDATION IS TO GROW BOTH PHILANTHROPIC SUPPORT AND BROAD-BASED UNDERSTANDING OF THE CRITICAL ROLE THAT GRADY HEALTH SYSTEM PLAYS IN THE METRO ATLANTA REGION. OUR FOCUS IS TO ENSURE GRADY HEALTH SYSTEM HAS THE RESOURCES AND COMMUNITY SUPPORT NECESSARY TO SUSTAIN EXCELLENCE IN PATIENT CARE, FOSTER MEDICAL INNOVATION, TRAIN MEDICAL PROFESSIONALS, AND IMPROVE THE OVERALL HEALTH OF OUR COMMUNITY.

Activities or mission (Part I)

THE MISSION OF THE GRADY HEALTH FOUNDATION IS TO GROW BOTH PHILANTHROPIC SUPPORT AND BROAD-BASED UNDERSTANDING OF THE CRITICAL ROLE THAT GRADY HEALTH SYSTEM PLAYS IN THE METRO ATLANTA REGION. (ALSO REFERRED TO AS THE FOUNDATION OR THE ORGANIZATION.)

  • GRADY HEALTH SYSTEM OFFERS A FULL-RANGE OF MEDICAL SERVICES FOR ALL SEGMENTS OF THE COMMUNITY WHILE CONTINUING TO MAINTAIN A STRONG COMMITMENT TO THE NEEDS OF THE UNDERSERVED. PHILANTHROPIC FUNDS SUPPORT THREE KEY AREAS OF THE ORGANIZATION'S WORK: CAPITAL RENOVATION, ADVANCED MEDICAL TECHNOLOGY AND EQUIPMENT, AND CLINICAL PROGRAMS. CAPITAL RENOVATIONS INCLUDE CONTINUOUS MODERNIZATION AND IMPROVEMENTS ACROSS THE GRADY HEALTH SYSTEM TO ENSURE THE CONSISTENT DELIVERY OF THE HIGHEST QUALITY OF CARE. OTHER AREAS SUPPORTED BY DONOR FUNDS INCLUDE THE GEORGIA CANCER CENTER FOR EXCELLENCE, THE CORRELL PAVILION, THE MARCUS TRAUMA CENTER, THE GRADY BURN CENTER, THE INFECTIOUS DISEASE PROGRAM, BEHAVIORAL HEALTH PROGRAMS, FOOD AS MEDICINE, AND EMERGENCY MEDICAL SERVICES.

    Expenses $17,516,736 · Grants $7,327,685 · Revenue $999,791

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Shan Cooper

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Justin Berman

    FINANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Drew W Evans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Hartnett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deisha Barnett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eliot Arnovitz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Henry Grady III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Henry Walker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John M Haupert

    BOARD MEMBER, EX-OFFICIO MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Ken Bernhardt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kennedy Hicks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Hertz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Render

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nikki Stephenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pascal R Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patrice Greer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Riley Blount

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sandeep Soni

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Light

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stacy G Fialkow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephen R Hennessy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joselyn Butler Baker

    PRESIDENT, EX-OFFICIO MEM

    Total calculated
    $494,145
    From this org
    $0
    From related orgs
    $470,445
    Other
    $23,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $372,253 related
    Bonus
    $0 + $98,192 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $10,500 related
    Filer's total
    $0 + $494,145 related

  • Elizabeth Correll Richards

    DEVELOPMENT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ellen Landers

    GOVERNANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Daphanie Cook

    DIRECTOR OF FINANCE

    Total calculated
    $178,320
    From this org
    $0
    From related orgs
    $157,756
    Other
    $20,564
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $141,269 related
    Bonus
    $0 + $16,487 related
    Other
    $0
    Deferred
    $0 + $6,010 related
    Nontaxable benefits
    $0 + $14,554 related
    Filer's total
    $0 + $178,320 related

  • Natalie Updike

    EXECUTIVE DIR OF DEVELOPMENT

    Total calculated
    $212,642
    From this org
    $0
    From related orgs
    $191,748
    Other
    $20,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $171,768 related
    Bonus
    $0 + $19,980 related
    Other
    $0
    Deferred
    $0 + $7,091 related
    Nontaxable benefits
    $0 + $13,803 related
    Filer's total
    $0 + $212,642 related

  • Jeff Esola

    EXEC DIR OF OPS & STEWARDS

    Total calculated
    $216,921
    From this org
    $0
    From related orgs
    $202,102
    Other
    $14,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $181,205 related
    Bonus
    $0 + $20,897 related
    Other
    $0
    Deferred
    $0 + $7,417 related
    Nontaxable benefits
    $0 + $7,402 related
    Filer's total
    $0 + $216,921 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 committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION COMMITTEE FOR THE HOSPITAL OVERSEES THE SETTING OF THE FOUNDATION'S SALARIES, INCENTIVE PAY, AND BONUSES, AS DESCRIBED IN GREAT DETAIL ON SCHEDULE O.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RELIANT EMERGENCY SPECIALTIES

    C · FLEET MAINTENANCE · GA

    Directly controlled by GMHC

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413209349304551

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