SOUTHSIDE HEALTH EDUCATION FOUNDATION

EIN: 830458666 501(c)(3) Education

COLONIAL HEIGHTS, VA

Total Revenue
$227,536
Total Expenses
$115,435
Total Assets
$3,686,013
Net Assets
$3,685,187
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
Richard Yates
Phone
8045264848
Tax Period
2024-01-01 to 2024-12-31

SOUTHSIDE HEALTH EDUCATION FOUNDATION, founded in 2006, is a small nonprofit in the Education sector that reported $228K in total revenue in fiscal year 2024. The organization ran a surplus of $112K, a strong 49% operating margin.

Mission

TO PROVIDE EDUCATIONAL SCHOLARSHIPS AND LOANS TO RESIDENTS OF SOUTHSIDE VIRGINIA WHO HAVE THE DESIRE AND AMBITION TO BECOME HEALTH CARE PROVIDERS BUT WHO LACK SUFFICIENT FINANCIAL RESOURCES. SHEF ALSO SERVES AS A RESOURCE FOR INFORMATION THAT SUPPORTS HEALTH CARE OPPORTUNITIES IN OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $43,932

SHEF Scholarship Program: Southside Health Education Foundation (SHEF) is transforming the future of healthcare by directly investing in the next generation of professionals. By providing...

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SHEF Scholarship Program: Southside Health Education Foundation (SHEF) is transforming the future of healthcare by directly investing in the next generation of professionals. By providing scholarships and forgivable loans to students pursuing careers in the allied healthcare industry, SHEF is not just supporting individuals, it is strengthening entire communities. With a vision of cultivating a homegrown healthcare workforce, one that is trained within the region and remains in the region, SHEF is creating lasting change. The SHEF Scholarship Program ensures that talented, dedicated students have the financial support they need to turn their aspirations into reality. By eliminating financial barriers, SHEF empowers students to pursue rewarding healthcare careers, filling critical gaps in the local workforce and improving access to quality care. SHEF's commitment goes beyond funding, it fosters a sustainable healthcare ecosystem where professionals educated in the region stay to serve their neighbors. This investment in local talent has a ripple effect, ensuring that future generations benefit from a robust, well-trained healthcare workforce. Through its work, SHEF is not only shaping careers, it is shaping the future of healthcare in the community. In 2024, scholarships were awarded to 24 recipients pursuing a degree in an allied health career field. The scholarships were disbursed from 6 different funds.

Program 2
Expenses: $14,644

SHEF Health Careers Explorers Program: Southside Health Education Foundation (SHEF) is dedicated to strengthening the healthcare workforce within the SHEF Service Region by fostering early interest...

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SHEF Health Careers Explorers Program: Southside Health Education Foundation (SHEF) is dedicated to strengthening the healthcare workforce within the SHEF Service Region by fostering early interest in healthcare careers and providing students with meaningful opportunities for exploration. Through its comprehensive initiatives, SHEF serves as a crucial pipeline for workforce development, ensuring that students gain the knowledge, exposure, and connections needed to pursue careers in the healthcare industry. At the heart of these efforts is the SHEF Health Careers Explorers Program, designed to introduce high school students to the vast possibilities within healthcare. Through engaging experiences, students learn about different career paths, interact with professionals in the field, and gain firsthand insights into the industry. To further expand its impact, SHEF plans to extend the program to middle school students, offering them early exposure to healthcare professions and inspiring them to consider their future careers. Additionally, SHEF will host quarterly career nights, each focused on a specific healthcare field, providing students with valuable networking opportunities and in-depth knowledge about various specialties. One of the most exciting aspects of the Explorers Program is its summer camp, a unique opportunity for students to immerse themselves in healthcare exploration. The camp allows participants to visit healthcare systems, engage with professionals, and explore higher education campuses, helping them envision their paths in the medical field. Through these hands-on experiences, students gain deeper insights into the healthcare sector, preparing them for future educational and career pursuits. By providing these initiatives, SHEF is shaping the future of healthcare by equipping the next generation with the tools, knowledge, and inspiration they need to succeed. Through mentorship, education, and experiential learning, SHEF is ensuring that students are well-prepared to embark on meaningful careers that will contribute to the well-being of their communities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40,342
Program Service Revenue $0
Investment Income $187,194
Other Revenue $0
TOTAL REVENUE $227,536

Expense Breakdown

Grants Paid $27,150
Salaries & Benefits $72,403
Fundraising Expenses $26,732
Program Expenses $58,576
Other Expenses $15,882
TOTAL EXPENSES $115,435

Year-over-Year Comparison

2024 2023 Change
Revenue $227,536 N/A N/A
Expenses $115,435 N/A N/A
Net Income $112,101 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Jarvis Executive Director 40.00
$67,258 $0 $67,258
Nancy McNeer Director 1.00
Director
$0 $0 $0
Richard Yates Chairman 1.00
Officer Director
$0 $0 $0
Kenneth Cortright Treasurer 1.00
Officer Director
$0 $0 $0
Betty Sue Hrouda Director 1.00
Director
$0 $0 $0
Karen Faison Director 1.00
Director
$0 $0 $0
Debbie Garter Director 1.00
Director
$0 $0 $0
Yardley Farquharson Director 1.00
Director
$0 $0 $0
Wendy Thompson Director 1.00
Director
$0 $0 $0
Stacey Shell Director 1.00
Director
$0 $0 $0
Tracey Tatum Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $227,536 $115,435 $3,686,013 $112,101
2023 $141,570 $5,512 $3,297,468 $136,058
2022 $77,867 $11,631 $2,824,305 $66,236
2021 $442,003 $350,497 $3,748,458 $91,506
2020 $411,786 $346,379 $3,208,517 $65,407
2019 $370,495 $337,351 $2,803,016 $33,144
2018 $341,945 $309,799 $2,299,073 $32,146
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