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Nonprofit · EIN 35-1392974

HEALTHCARE INITIATIVES INC

Tax-exempt · INDIANAPOLIS, IN 46240

Financials

$710K$1.2M2023$1.8M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of HEALTHCARE INITIATIVES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,813,826$1,127,526$686,300$19,909,118$35,897$19,873,221
December 31, 2023990-PF$709,716$1,209,069-$499,353$19,692,502$44,611$19,647,891
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$317,610
Interest
$1,777
Net gain from sales of assets
$1,494,439

Expenses

Grants and similar amounts paid
$664,500
Compensation of officers, directors and key employees
$236,500
Disbursements for charitable purposes
$957,882
Excise tax on investment income
$22,854

Balance sheet and other

Total assets, start of year
$19,692,502
Total assets, end of year
$19,909,118
Total liabilities, end of year
$35,897
Net assets, end of year
$19,873,221
Fair market value of assets
$19,863,641
Qualifying distributions
$957,882
Net investment income
$1,813,826

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-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
HALEY GILROY
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
PRESIDENT/EXECUTIVE DIRECTOR30$117,500
EDWARD R SCHMIDT
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
CHAIRMAN3$28,000
KENNETH L SONNER
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
VICE CHAIRMAN/TREASURER3$25,000
TIMOTHY HARDEN
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
SECRETARY1$22,000
PATRICIA ROE
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
DIRECTOR1$22,000
TIMOTHY ROBINSON
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
DIRECTOR1$22,000
W JASON DEPPEN
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
HALEY GILROY
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
PRESIDENT/EXECUTIVE DIRECTOR30$112,500
EDWARD R SCHMIDT
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
CHAIRMAN3$26,000
KENNETH L SONNER
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
VICE CHAIRMAN/TREASURER3$23,000
TIMOTHY HARDEN
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
SECRETARY1$20,000
PATRICIA ROE
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
DIRECTOR1$20,000
TIMOTHY ROBINSON
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
DIRECTOR1$20,000
W JASON DEPPEN
9465 COUNSELORS ROW 200, INDIANAPOLIS, IN 46240
DIRECTOR1$0

Address and contacts

Address (IRS master file)
9465 COUNSELORS ROW STE 200, INDIANAPOLIS, IN 46240-3817
Signed the 990-PF
HALEY GILROY, PRESIDENT/EXECUTIVE DIRECTOR
Phone
(317) 805-4869
Return prepared by
BARNES DENNIG & CO LTD

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. 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, 2026Check at the IRS
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
35-1392974
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2004
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Health care (E058)
Assets (IRS master file)
$21,647,744
Income (IRS master file)
$3,516,334

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,813,826$1,127,526$19,909,118XML
990-PFDecember 2023$709,716$1,209,069$19,692,502XML
990-PFDecember 2022$480,285$1,079,651$18,567,909IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2019–––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 35-1392974).

Questions about HEALTHCARE INITIATIVES INC

What is the EIN of HEALTHCARE INITIATIVES INC?
The employer identification number (EIN) of HEALTHCARE INITIATIVES INC is 35-1392974.
Is HEALTHCARE INITIATIVES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to HEALTHCARE INITIATIVES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does HEALTHCARE INITIATIVES INC file?
Form 990-PF. Private foundations file every year.
When is the next return of HEALTHCARE INITIATIVES INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HEALTHCARE INITIATIVES INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of HEALTHCARE INITIATIVES INC?
The 990-PF for the year ended December 31, 2024 lists 7 people; 6 received compensation from the organization, the highest $117,500 (HALEY GILROY, PRESIDENT/EXECUTIVE DIRECTOR).
How much revenue does HEALTHCARE INITIATIVES INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,813,826, expenses of $1,127,526 and total assets of $19,909,118 at year end.

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