Nonprofit · EIN 54-1639924
VIRGINIA HEALTH CARE FOUNDATION
Tax-exempt · RICHMOND, VA 23230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,805,941 | $8,941,628 | $864,313 | $28,217,820 | $5,565,297 | $22,652,523 |
| June 30, 2024 | 990 | $10,489,285 | $10,089,054 | $400,231 | $26,667,470 | $5,818,090 | $20,849,380 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,152,761
- of which government grants
- $5,180,571
- Program service revenue
- $2,583,434
- Investment income
- $1,069,746
- Net gain from sales of assets
- $495,291
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,511,244
- Compensation of officers, directors and key employees
- $173,127
- Other salaries and wages
- $1,329,444
- Salaries, compensation and benefits (total)
- $2,131,021
- Professional fundraising fees
- $0
- Legal fees
- $470
- Accounting fees
- $26,133
- Occupancy
- $132,188
- Travel
- $22,604
- Depreciation
- $21,055
- Program services (functional)
- $8,027,919
- Management and general (functional)
- $731,965
- Fundraising (functional)
- $181,744
Balance sheet and other
- Total assets, start of year
- $26,667,470
- Total assets, end of year
- $28,217,820
- Total liabilities, end of year
- $5,565,297
- Net assets, end of year
- $22,652,523
- Land, buildings and equipment
- $35,094
- Publicly traded securities
- $17,930,882
- Net assets without donor restrictions
- $13,923,297
- Net assets with donor restrictions
- $8,729,226
- Gross receipts
- $11,820,745
- Employees
- 19
- Year formed
- 1992
- State of legal domicile
- VA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Deborah D Oswalt | Past Executive Director Key employee, Highest-paid employee, Former | 40 | $228,905 | $25,678 |
| Rachel Rees | 2024 Deputy Director/2025 CEO and Secretary Officer, Highest-paid employee | 40 | $158,730 | $6,349 |
| Cornelia Sullivan-Dews | Director of Finance Highest-paid employee | 40 | $140,973 | $5,639 |
| Andrea Lancaster | Chief Program Impact Officer Highest-paid employee | 40 | $106,851 | $4,274 |
| Kimberly Separ | Fund Development Manager Highest-paid employee | 40 | $103,495 | $4,140 |
| Katherine Vatalaro Hill | Director of Programs Highest-paid employee | 40 | $103,247 | $4,130 |
| Lisa Johnson MD | Director Trustee or director | 0.75 | $0 | $0 |
| Regina Milteer | Vice-Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Margaret G Vanderhye | Director Trustee or director | 0.75 | $0 | $0 |
| Jeff Ricketts | Chairman Trustee or director | 2 | $0 | $0 |
| Marvin Figueroa | Director Trustee or director | 0.75 | $0 | $0 |
| Nicholas C Conte | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| John O'Bannon III MD | Director Trustee or director | 0.75 | $0 | $0 |
| William L Murray | Director Trustee or director | 0.75 | $0 | $0 |
| Anna Healy James | Director Trustee or director | 0.75 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tonya Parris-Wilkins DDS | Director Trustee or director | 0.75 | $0 |
| Sheldon Retchin MD MSPH | Director Trustee or director | 0.75 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Deborah D Oswalt | Exec. Director and Secretary Officer, Key employee, Highest-paid employee | 65 | $225,670 | $25,549 |
| Rachel Rees | Deputy Director Highest-paid employee | 40 | $156,384 | $6,255 |
| Cornelia Sullivan-Dews | Director of Finance Highest-paid employee | 40 | $133,613 | $5,345 |
| Andrea Lancaster | Chief Program Impact Officer Highest-paid employee | 40 | $102,760 | $4,110 |
| Kimberly Separ | Fund Development Manager Highest-paid employee | 40 | $101,965 | $4,079 |
| Lisa Johnson MD | Director Trustee or director | 0.75 | $0 | $0 |
| Regina Milteer | Director Trustee or director | 0.75 | $0 | $0 |
| Margaret G Vanderhye | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Jeff Ricketts | Director Trustee or director | 0.75 | $0 | $0 |
| Judith B Collins RN MS WHNP-C FAAN | Vice-Chairman Trustee or director, Officer | 0.75 | $0 | $0 |
| Nicholas C Conte | Treasurer Trustee or director, Officer | 0.75 | $0 | $0 |
| John O'Bannon III MD | Director Trustee or director | 0.75 | $0 | $0 |
| William L Murray | Director Trustee or director | 0.75 | $0 | $0 |
| Anna Healy James | Director Trustee or director | 0.75 | $0 | $0 |
| Augustus A Petticolas Jr DDS | Director Trustee or director | 0.75 | $0 | $0 |
| Tonya Parris-Wilkins DDS | Director Trustee or director | 0.75 | $0 | $0 |
| Sheldon Retchin MD MSPH | Director Trustee or director | 0.75 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6806 PARAGON PLACE, RICHMOND, VA 23230-1824
- Principal officer (990 for 2024)
- Rachel L Rees, 6806 Paragon Place STE 250, Richmond, VA 23230
- Signed the 990
- Rachel L Rees, Chief Executive Officer
- Phone
- (804) 828-5804
- Website
- www.vhcf.org
- Return prepared by
- Andrews Accounting and Bookkeeping Inc
Mission
The Virginia Health Care Foundations mission is to increase access to primary health care for uninsured and medically underserved Virginians.
Program accomplishments
- Health access grants These grants primarily underwrote the salaries of 38.11 FTE behavioral health professionals, dentists, nurse practitioners and physicians at community health centers, free clinics and other health access organizations throughout Virginia in FY25, enabling them to provide 49,852 patient visits to uninsured Virginians.Expenses $1,860,018 · grants $1,538,124 · revenue $1,860,018
- Grants for the salaries of 50 medication assistance caseworkers 37.45 FTEs, who applied for free prescription medicines from Patient Assistance Programs for their uninsured patients with chronic diseases, generating 145 million in free medications for 12,384 uninsured patients in FY25. They also helped obtain discounted low cost generic medicines when free ones were not available obtained free eyeglasses and certain medical supplies and helped eligible patients apply for Medicaid.Expenses $1,831,544 · grants $1,563,638 · revenue $1,831,544
- Grants to help identify and enroll eligible uninsured children and adults in state-sponsored health insurance Medicaid and FAMIS programs. These grants funded the salaries of 20 outreach workers who identified and enrolled 8,007 uninsured children and adults in the FAMIS and Medicaid programs in FY25.Expenses $1,514,869 · grants $1,104,482 · revenue $1,514,869
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1639924
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E30B)
- Assets (IRS master file)
- $28,217,820
- Income (IRS master file)
- $11,820,745
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,805,941 | $8,941,628 | $28,217,820 | XML |
| 990 | June 2024 | $10,489,285 | $10,089,054 | $26,667,470 | XML |
| 990 | June 2023 | $10,658,990 | $8,534,341 | $24,355,643 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 54-1639924).
Questions about VIRGINIA HEALTH CARE FOUNDATION
- What is the EIN of VIRGINIA HEALTH CARE FOUNDATION?
- The employer identification number (EIN) of VIRGINIA HEALTH CARE FOUNDATION is 54-1639924.
- Is VIRGINIA HEALTH CARE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to VIRGINIA HEALTH CARE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA HEALTH CARE FOUNDATION 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 VIRGINIA HEALTH CARE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA HEALTH CARE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VIRGINIA HEALTH CARE FOUNDATION?
- The 990 for the year ended June 30, 2025 names Rachel L Rees.
- Who are the officers and directors of VIRGINIA HEALTH CARE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 17 people; 6 received compensation from the organization, the highest $228,905 (Deborah D Oswalt, Past Executive Director).
- How much revenue does VIRGINIA HEALTH CARE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,805,941, expenses of $8,941,628 and total assets of $28,217,820 at year end.
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