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CHARITY REVIEW
Issued: April 2024 Expires: April 2026

Southern Indiana Health Foundation

Accredited Charity
Accredited Charity

Meets Standards
Accreditation seal
(812) 900-7551
110 E Market St Ste 205
New Albany, IN, 47150-3410
https://soinhealthfoundation.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Southern Indiana Health Foundation meets the 20 Standards for Charity Accountability.

In regard to Standard 10, BBB has determined that Floyd Memorial Foundation meets this standard even though the organization's unrestricted net assets available for use are more than three times the size of its past year’s expenses. The majority of Floyd Memorial Foundation’s unrestricted net assets are endowment funds that are deposited into an investment fund.

Stated Purpose:
To provide philanthropic support to foster healthy communities and advance community-based health initiatives throughout Southern Indiana.

Year, State Incorporated:
1978, IN

Also Known As:
Floyd Memorial Foundation

Formerly the Floyd Memorial Foundation, the Southern Indiana Health Foundation is a prevention-focused nonprofit organization investing in healthier futures and empowering communities through education, prevention, and strategic partnerships. The Foundation's grants program serves as a catalyst for positive change by strategically investing in a wide range of initiatives aimed at improving community health outcomes. Funding from the foundation supports nonprofit organizations working in areas such as preventive care, access to healthcare services, health education, disease prevention and management, mental health and wellness, and social determinants of health. As the Foundation continues its journey towards building healthier communities, it remains steadfast in its commitment to addressing emerging health challenges, advocating for health equity, and leveraging the power of philanthropy to create lasting impact. With the support of donors, partners, and stakeholders, the Foundation is confident in its ability to drive positive change and improve the health and well-being of all residents in Southern Indiana.

For the year ended December 31, 2022, Southern Indiana Health Foundation's program expenses were:

Program services $704,668
Total Program Expenses $704,668

Chief Executive
Jessica Staten, Executive Director

Chair of the Board
Mr. Matt Millies

Chair's Profession / Business Affiliation
Edward Jones

Board Size
20

Paid Staff Size
1

Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals

% of Related Contributions on Fundraising: 23.76%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Southern Indiana Health Foundation's audited financial statements for the year ended December 31, 2022.

Source of Funds
Contributions $348,295
In-kind contributions $339,820
Fundraising $127,122
Other income $31,252
Net investment loss $-2,974,432
Total Income $-2,127,943

Programs: 66% Fundraising: 18% Administrative: 16%

Total Income $-2,127,943
Total expenses: $1,070,822
  Program expenses $704,668
  Fundraising expenses $193,733
  Administrative expenses $172,421
  Other expenses $0
Income in Excess of Expenses $-3,198,765
Beginning Net Assets $20,551,979
Other Changes In Net Assets $0
Ending Net Assets $17,353,214
Total Liabilities $531,964
Total Assets $17,885,178
Ending net assets as reported above include $16,710,769 without donor restrictions and $642,445 with donor restrictions.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB serving Greater Kentucky and South Central Indiana