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Nonprofit · EIN 04-2633274

HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC

Tax-exempt · WORCESTER, MA 01608

Financials

$5M$4.1M2023$7M$4.3M2024
Revenue Expenses · by fiscal year end
Financials of HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,967,380$4,301,726$2,665,654$89,959,973$999,949$88,960,024
December 31, 2023990$4,956,821$4,143,979$812,842$87,636,709$1,898,614$85,738,095
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$6,740,192
Net gain from sales of assets
$5,771,759
Other revenue
$227,188

Expenses

Grants and similar amounts paid
$2,811,213
Compensation of officers, directors and key employees
$572,651
Other salaries and wages
$127,331
Salaries, compensation and benefits (total)
$831,184
Professional fundraising fees
$0
Legal fees
$930
Accounting fees
$24,200
Occupancy
$132,880
Depreciation
$1,565
Program services (functional)
$3,610,086
Management and general (functional)
$691,640

Balance sheet and other

Total assets, start of year
$87,636,709
Total assets, end of year
$89,959,973
Total liabilities, end of year
$999,949
Net assets, end of year
$88,960,024
Land, buildings and equipment
$3,000
Publicly traded securities
$39,260,358
Net assets without donor restrictions
$88,960,024
Gross receipts
$31,379,838
Employees
5
Volunteers
0
Year formed
1977
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
AMIE SHEI PHDPRESIDENT/CEO
Officer
37.5$288,221$10,308
JENNIE BLAKEVP PROGRAMS
Officer
37.5$151,810$15,414
MICHELLE L EWINGDIRECTOR OF FINANCE & ADMI
Officer
37.5$132,621$26,155
DANIEL GERMAINGRANTS AND OPERATION MANAG
Highest-paid employee
37.5$113,433$31,133
DENNIS M DIMITRI MD FAAFPCHAIRMAN
Trustee or director, Officer
2$0$0
TIMOTHY M BIBAUD JDIMMEDIATE PAST CHAIR
Trustee or director, Officer
2$0$0
RANDALL V BECKER CPA MBATREASURER
Trustee or director, Officer
2$0$0
SEJAL M DAGA MD FAAFPSECRETARY
Trustee or director, Officer
2$0$0
CHRISTIE L HAGER JD MPHMEMBER
Trustee or director, Officer
2$0$0
PAULA A AIELLO CPADIRECTOR
Trustee or director
1.5$0$0
ALEX CORRALES C-PHMDIRECTOR
Trustee or director
1.5$0$0
SOLOE M DENNIS MS MEPDIRECTOR
Trustee or director
1.5$0$0
DIANE E GOULD LICSWDIRECTOR
Trustee or director
1.5$0$0
LINDSAY F GREENFIELD MBADIRECTOR
Trustee or director
1.5$0$0
J MICHAEL GRENON CIMADIRECTOR
Trustee or director
1.5$0$0
2 more people on this return
NameTitleHours / weekCompensation
KATHRYN LEE MDDIRECTOR
Trustee or director
1.5$0
CAROLE M STEEN MSADIRECTOR
Trustee or director
1.5$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
AMIE SHEI PHDPRESIDENT/CEO
Officer
37.5$267,180$11,012
MICHELLE L EWINGDIRECTOR OF FINANCE & ADMINISTRATION
Officer
37.5$119,966$32,890
JENNIE BLAKEVP PROGRAMS
Officer
37.5$131,977$14,178
DANIEL GERMAINGRANTS AND OPERATION MANAGER
Highest-paid employee
37.5$101,409$31,527
TIMOTHY M BIBAUD JDCHAIRMAN
Trustee or director, Officer
2$0$0
RANDALL V BECKER CPA MBATREASURER
Trustee or director, Officer
2$0$0
GISELA VELEZ MD MPHSECRETARY
Trustee or director, Officer
2$0$0
SEJAL M DAGA MD FAAFPASSISTANT SECRETARY
Trustee or director, Officer
1.5$0$0
ALEX CORRALES C-PHMDIRECTOR
Trustee or director
1.5$0$0
DENNIS M DIMITRI MD FAAFPDIRECTOR
Trustee or director
1.5$0$0
DIANE E GOULD LICSWDIRECTOR
Trustee or director
1.5$0$0
LINDSAY F GREENFIELD MBADIRECTOR
Trustee or director
1.5$0$0
J MICHAEL GRENON CIMADIRECTOR
Trustee or director
1.5$0$0
CHRISTIE L HAGER JD MPHDIRECTOR
Trustee or director
1.5$0$0
KATHRYN LEE MDDIRECTOR
Trustee or director
1.5$0$0
CAROLE M STEEN MSADIRECTOR
Trustee or director
1.5$0$0

Address and contacts

Address (IRS master file)
446 MAIN STREET, WORCESTER, MA 01608-2359
In care of
% MICHELLE EWING
Principal officer (990 for 2024)
AMIE SHEI PHD, 446 MAIN STREET 20TH FLOOR, WORCESTER, MA 01608
Signed the 990
AMIE SHEI PHD, PRESIDENT AND CEO
Phone
(508) 438-0009
Website
THFCM.ORG
Return prepared by
BOLLUS LYNCH LLP

Mission

TO IMPROVE THE HEALTH STATUS OF THOSE WHO LIVE OR WORK IN CENTRAL MASSACHUSETTS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE FUNDING TO NON-PROFIT ORGANIZATIONS FOR THE PURPOSE OF IMPROVING THE HEALTH OF THOSE WHO LIVE OR WORK IN CENTRAL MASSACHUSETTS.
    Expenses $3,610,086 · grants $2,811,213

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-2633274
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1978
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$89,959,973
Income (IRS master file)
$31,379,838

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,967,380$4,301,726$89,959,973XML
990December 2023$4,956,821$4,143,979$87,636,709XML
990December 2022$4,974,658$5,268,117$82,115,995IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2633274).

Questions about HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC

What is the EIN of HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC?
The employer identification number (EIN) of HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC is 04-2633274.
Is HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1978.
Are donations to HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC?
The 990 for the year ended December 31, 2024 names AMIE SHEI PHD.
Who are the officers and directors of HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC?
The 990 for the year ended December 31, 2024 lists 17 people; 4 received compensation from the organization, the highest $288,221 (AMIE SHEI PHD, PRESIDENT/CEO).
How much revenue does HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,967,380, expenses of $4,301,726 and total assets of $89,959,973 at year end.

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