Lake City Healthcare Foundation
- Assets
- $751.5k
- Revenue
- $59.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake City, SC
- Founding
- 07/2009
- Data as of
- 06/2022
- EIN
- 20-2902140
Organization Overview
Lake City Healthcare Foundation is located in Lake City, SC. The organization was established in 2009. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake City Healthcare Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Lake City Healthcare Foundation generated $59.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $105.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND FURTHER THE PURPOSES AND FUNCTIONS OF LAKE CITY COMMUNITY HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOWER FLORENCE COUNTY HOSPITAL D/B/A LAKE CITY COMMUNITY HOSPITAL ("HOSPITAL") IS A GOVERNMENTAL HOSPITAL EXEMPT FROM TAXATION UNDER INTERNAL REVENUE CODE SECTION 115. LAKE CITY COMMUNITY FOUNDATION ("FOUNDATION") IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE UNDER INTERNAL REVENUE CODE SECTION 501(C)(4). THE FOUNDATION SUPPORTS AND FURTHERS THE PURPOSES AND FUNCTIONS OF THE HOSPITAL AND PROMOTES, IMPROVES, BENEFITS AND CONTRIBUTES TO THE HEALTH AND WELLNESS OF THE RESIDENTS OF FLORENCE COUNTY, SOUTH CAROLINA AND SURROUNDING COMMUNITIES SERVED BY HOSPITAL. FOUNDATION SPONSORS THE CANCER SUPPORT GROUP, ASSISTS WITH FUNDRAISING EFFORTS AND MAINTAINS ASSETS ON BEHALF OF THE HOSPITAL. THE BREAST CANCER SUPPORT GROUP MEETS MONTHLY AND ALLOWS MEMBERS OF THE COMMUNITY TO FIND NEEDED SUPPORT FROM OTHERS. THE GOAL OF CANCER SUPPORT GROUPS IS TO ASSIST MEMBERS OF THE COMMUNITY WITH COPING WITH THEIR CHALLENGES BY CONNECTING WITH OTHERS AND LEARNING HOW THEY WORKED THROUGH STEPS IN THEIR TREATMENT PROCESS. GROUP MEMBERS SHARE WHAT WORKED FOR THEM, MILESTONES ALONG THEIR JOURNEY, COPING WITH TREATMENTS, AND OTHER ISSUES RELATED TO THEIR ILLNESS OR RECOVERY. THE GROUP ALSO HOSTS AN EVENT DURING BREAST CANCER AWARENESS MONTH IN ORDER TO PROVIDE EDUCATION TO MEMBERS OF THE COMMUNITY AND ENCOURAGE HEALTHY LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Poston Chairman | OfficerTrustee | 1 | $0 |
Anne Poston Secretary | OfficerTrustee | 1 | $0 |
Michael Faucette Board Member | Trustee | 1 | $0 |
Leesa Infinger Board Member | Trustee | 1 | $0 |
Jacqueline Woodberry Board Member | Trustee | 1 | $0 |
Lee Nettles Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,400 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,168 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,216 |
| Insurance | $0 |
| All other expenses | $1,850 |
| Total functional expenses | $105,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,900 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $714,149 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,445 |
| Total assets | $751,494 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $899,783 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $899,783 |
| Net assets without donor restrictions | -$148,289 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $751,494 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Financing Foundation Inc Marietta, GA | $721,231,640 | $88,509,348 |
Institute For Professionals In Taxation Atlanta, GA | $10,421,871 | $4,118,072 |
North Augusta Public Facilities Corporation North Augusta, SC | $72,500,042 | $3,549,611 |
Southern Federal Tax Institute Inc Decatur, GA | $1,985,748 | $767,280 |
Southeastern Association Of Tax Administrators Garner, NC | $531,418 | $318,828 |
City Of Anderson Public Facilities Corporation Anderson, SC | $9,361,732 | $79 |
North Carolina Government Finance Officers Association Raleigh, NC | $622,376 | $381,391 |
Lake City Healthcare Foundation Lake City, SC | $751,494 | $59,424 |
Civitas Action Inc Raleigh, NC | $60,218 | $0 |
Atlanta Tax Forum Inc Atlanta, GA | $27,716 | $0 |
Fresh Start Tax Relief Travelers Rest, SC | $0 | $0 |