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HEALTHCARE INITIATIVE FOUNDATION

HEALTHCARE INITIATIVE FOUNDATION

GERMANTOWN, MD, US
•
501(c)(3)
•
EIN
23-7324576
•
WWW.HIFMC.ORG
•
Open for Solicitation
Private Foundation
Regional Funder
funder logo

HEALTHCARE INITIATIVE FOUNDATION

GERMANTOWN, MD, US
•
501(c)(3)
•
EIN
23-7324576
•
WWW.HIFMC.ORG
•
Open for Solicitation
Private Foundation
Regional Funder
Overview
Programs
990s
Income Statement
Balance Sheet
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Balance Sheet

Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)

$30,554,997

Investments
93%
Prepaid Expenses
6%
Other Assets
<1%
Cash & Equivalents
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)

$213,594

Other Liabilities
81%
Payables & Accruals
19%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Tax-Exempt Bond Liabilities
N/A
Custodial & Escrow Liabilities
N/A
Assets
2023
2024
Change
Cash & Equivalents
$175,400
$77,557
-56%
Receivables (Non-Related)
$33,556
$5,597
-83%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,805,699
$1,985,600
+10%
Investments
$27,556,694
$28,381,700
+3%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$125,863
$104,543
-17%
Total Assets
$29,697,212
$30,554,997
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$43,680
$41,307
-5%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
N/A
N/A
N/A
Custodial & Escrow Liabilities
N/A
N/A
N/A
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$151,338
$172,287
+14%
Total Liabilities
$195,018
$213,594
+10%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$29,502,194
$30,341,403
+3%
Net assets
2023
2024
Change
Net assets
+$29,502,194
+$30,341,403
+3%
Balance Sheet
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