Bi3 Fund: Nonprofit Profile, Financials & Form 990 (EIN 93-2806450)

Revenue by fiscal year
FY2024	$0
FY2025	$767K

Expenses by fiscal year
FY2024	$0
FY2025	$7.9M

Net assets by fiscal year
FY2024	$0
FY2025	$964K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Part of a larger organization · Schedule R

Bi3 Fund files its own Form 990, but Schedule R discloses 9 related entities — figures on this page are for this EIN only, not the whole group.

Bethesda Foundation INC · Bethesda Hospital INC · Hospice of Cincinnati Incorporated · Bethesda Healthcare INC + 5 more · see all

Combined filings · FY2025 · 10 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is one member.

Group revenue

$1.6B

Group expenses

$1.4B

Group net assets

$3.5B

Bethesda Foundation INC · $17.1M rev · $159.5M net assets

Bethesda Hospital INC · $1.1B rev · $700.7M net assets

Hospice of Cincinnati Incorporated · $75.5M rev · $111.0M net assets

Bethesda Healthcare INC · $26.6M rev · −$8.1M net assets

Bethesda INC · $16.3M rev · $228.6M net assets

Fernside INC a Center for Grieving Children · $765K rev · −$2.9M net assets

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $7.9M Management & general 1% · $47K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Rance Duke

Trustee

$0Pt VII · Sec A

Kathleen Kelly

Trustee

$0Pt VII · Sec A

Jill Miller

President & CEO

$0Pt VII · Sec A

Dan Molina

Secretary

$0Pt VII · Sec A

Jonathan Niemeyer

Trustee

$0Pt VII · Sec A

Melissa Thomasson

Trustee

$0Pt VII · Sec A

Chad Reardon

Treasurer

$0Pt VII · Sec A

Cynthia Booth

Vice Chair (start 7/24)

$0Pt VII · Sec A

See Bi3 Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Invests in partnerships to advance health equity and fuel innovation.

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Provided by the organization

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1 program · $7.9M · in their own filed words · FY2024

01

See schedule o

$7.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 33 grants · $7.3M · 2024–2024

Trihealth INCOH · FY2024$2,000,000

Children's Hospital Medical CenterOH · FY2024$1,025,000

Interact for ChangeOH · FY2024$650,000

Urban League of Greater Southwestern OhioOH · FY2024$625,000

YWCA of Greater Cincinnati INCOH · FY2024$377,500

Lighthouse Youth Services INCOH · FY2024$305,792

Butler County Community Health ConsortiumOH · FY2024$251,250

Groundwork Ohio OrganizationOH · FY2024$206,000

The Mothership Institute of WombwellnessOH · FY2024$200,000

Catholic Charities Southwestern OhioOH · FY2024$200,000

Nyni INCOH · FY2024$155,750

Central Clinic Outpatient ServicesOH · FY2024$150,000

The Greater Cincinnati FoundationOH · FY2024$143,750

Christ Tabernacle Ministries of Excellence INCOH · FY2024$138,850

Healthy Moms and Babes INCOH · FY2024$120,000

Refugee ConnectOH · FY2024$102,000

Pregnancy Loves CompanyOH · FY2024$101,500

Bethesda Foundation INCOH · FY2024$95,000

See all 33 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$767K

Ln 12

Investment incomeLn 3$706K

Gifts and grantsLn 1h$59K

Other incomeLn 4–11$3K

Money outPt IX

$7.9M

Ln 25

Programscol B$7.9M

Managementcol C$47K

Owns and owesPt X

$964K

net assets · Ln 32

Cash and savingsLn 1–2$2K

Total assetsLn 16$8.8M

LiabilitiesLn 26$7.8M

PeoplePt VI, VII

23

listed · VII A

PaidVII A0

Voting boardVI 1a17

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$59K

Investment incomeLn 3$706K

Other incomeLn 4–11$3K

Gains on assetsLn 7$591K

Total revenueLn 12$767K

Assets in detailPt X, end of year

CashLn 1$2K

Cash and savings togetherLn 1–2$2K

InvestmentsLn 11–13$8.8M

Total assetsLn 16$8.8M

LiabilitiesLn 26$7.8M

Net assetsLn 32$964K

OperationsPt I, VI

EmployeesI 50

VolunteersI 615

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$0	$2K
InvestmentsLn 11–13	$0	$8.8M
Total assetsLn 16	$0	$8.8M
LiabilitiesLn 26	$0	$7.8M
Net assetsLn 32	$0	$964K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$7.5M	$7.5M
Legal feesLn 11b	$4K		$4K
Lobbying feesLn 11d	$21K		$21K
Investment management feesLn 11f	$23K		$23K
Other fees for servicesLn 11g	$326K	$326K
Advertising and promotionLn 12	$540	$540
Office expensesLn 13	$2K	$2K
Information technologyLn 14	$44	$44
TravelLn 17	$2K	$2K
Conferences, conventions and meetingsLn 19	$21K	$21K
Other expenses (24a–d)Ln 24	$24K	$24K
Total functional expensesLn 25	$7.9M	$7.9M	$47K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$767K	$7.9M	−$7.1M	$964K	990 PDF
FY2024	$0	$0	$0	$0	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $767,015 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$58,604

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$705,869

I-11 Other revenuePrior year $0$2,542

I-12 Total revenuePrior year $0$767,015

I-13 Grants and similar amounts paidPrior year $0$7,475,004

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $0$423,009

I-18 Total expensesPrior year $0$7,898,013

I-19 Revenue less expensesPrior year $0−$7,130,998

Part VI · Governance 15 of 17 board members independent, 1 to look at

VI-1a Voting members of the governing body17

VI-1b Independent voting members15

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $767,015 across 6 lines filed

VIII-1f All other contributions, gifts and grants$58,604

VIII-1h Total contributions, gifts and grants$58,604

VIII-3 Investment incomeExcluded from tax $114,861$114,861

VIII-7 Net gain or loss on sales of assetsExcluded from tax $591,008$591,008

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,542$2,542

VIII-12 Total revenueRelated to mission $2,542 · Unrelated business $0 · Excluded from tax $705,869$767,015

Part IX · Statement of functional expenses $7,898,013 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $7,475,004$7,475,004

IX-11b Legal feesManagement $3,874$3,874

IX-11d Lobbying feesManagement $20,529$20,529

IX-11f Investment management feesManagement $22,889$22,889

IX-11g Other fees for servicesPrograms $325,798$325,798

IX-12 Advertising and promotionPrograms $540$540

IX-13 Office expensesPrograms $2,181$2,181

IX-14 Information technologyPrograms $44$44

IX-17 TravelPrograms $1,907$1,907

IX-19 Conferences, conventions and meetingsPrograms $21,348$21,348

IX-24 Other expenses (24a–d)Programs $23,899$23,899

IX-25 Total functional expensesPrograms $7,850,721 · Management $47,292 · Fundraising $0$7,898,013

Part X · Balance sheet $8,781,377 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $0$2,101

X-11 Publicly traded securitiesStart of year $0$7,625,299

X-12 Other securities$1,153,977

X-16 Total assetsStart of year $0$8,781,377

X-17 Accounts payable and accrued expensesStart of year $0$13,300

X-25 Other liabilitiesStart of year $0$7,803,991

X-26 Total liabilitiesStart of year $0$7,817,291

X-27 Net assets without donor restrictionsStart of year $0$964,086

X-32 Total net assets or fund balancesStart of year $0$964,086

X-33 Total liabilities and net assetsStart of year $0$8,781,377

Part XI · Reconciliation of net assets $964,086 net assets at year end

XI-1 Total revenue$767,015

XI-2 Total expenses$7,898,013

XI-3 Revenue less expenses−$7,130,998

XI-4 Net assets at start of year$0

XI-5 Net unrealized gains (losses) on investments$73,151

XI-9 Other changes in net assets$8,021,933

XI-10 Net assets at end of year$964,086

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Bi3 Fund

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Bi3 Fund

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV