Appalachian Regional Healthcare Foundation
- Assets
- $20.2m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Boone, NC
- Founding
- 06/2006
- Data as of
- 09/2021
- EIN
- 20-4625618
Organization Overview
Appalachian Regional Healthcare Foundation is located in Boone, NC. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Regional Healthcare Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Appalachian Regional Healthcare Foundation generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $803.5k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORK WITH APPALACHIAN REGIONAL HEALTHCARE SYSTEM (ARHS) TO SUPPORT HEALTHCARE IN THE SURROUNDING REGION OF WESTERN NORTH CAROLINA. OUR MISSION WILL BE ACHIEVED BY 1) EXPANDING AND PRESERVING ESSENTIAL PATIENT SERVICES THROUGH PHILANTHROPY; 2) EQUIPPING CAREGIVERS WITH UNIQUE RESOURCES AND LEADING EDGE TECHNOLOGIES; 3) HELPING CREATE A HEALTHIER COMMUNITY FOR THE COUNTIES WE SERVE; AND 4) COOPERATING WITH OTHER COMMUNITY ORGANIZATIONS WHO SHARE THE ARHS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS RAISED SUPPORT ARHS AND ITS AFFILIATES THROUGH CAPITAL EQUIPMENT PURCHASES AND OTHER OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Mantooth CEO | OfficerTrustee | 1 | $0 |
Robert Hudspeth SVP Developm | OfficerTrustee | 40 | $0 |
Peter Rucker Trustee | OfficerTrustee | 1 | $0 |
Kevin May Cfo-Left 1/2 | Officer | 1 | $0 |
Matt Thomas CFO | Officer | 1 | $0 |
David L Brewer Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $222,628 |
| Related organizations | $0 |
| Government grants | $212,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,531,132 |
| Noncash contributions included in lines 1a–1f | $244,318 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,966,431 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $256,357 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,222,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,591 |
| 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 | $127,308 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,399 |
| 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 | $56,275 |
| Fees for services: Other | $698 |
| Advertising and promotion | $0 |
| Office expenses | $12,145 |
| Information technology | $1,928 |
| Royalties | $0 |
| Occupancy | $3,080 |
| Travel | $5,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,832 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,227 |
| Insurance | $0 |
| All other expenses | $99 |
| Total functional expenses | $803,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,437,589 |
| Savings and temporary cash investments | $7,101,034 |
| Pledges and grants receivable | $3,334,400 |
| 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 | $358 |
| Net Land, buildings, and equipment | $42,247 |
| Investments—publicly traded securities | $5,329,043 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,244,671 |
| Accounts payable and accrued expenses | $5,058 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,428,628 |
| Total liabilities | $1,433,686 |
| Net assets without donor restrictions | $13,451,942 |
| Net assets with donor restrictions | $5,359,043 |
| 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 | $20,244,671 |
Grants Awarded
Over the last fiscal year, Appalachian Regional Healthcare Foundation has awarded $0 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Las Vegas, NV PURPOSE: OPERATIONAL SUPPORT | $0 |
NORTH CAROLINA DHHS PURPOSE: OPERATIONAL SUPPORT | $0 |
Canton, GA PURPOSE: OPERATIONAL SUPPORT | $0 |
Concord, NC PURPOSE: OPERATIONAL SUPPORT | $0 |
PURPOSE: OPERATIONAL SUPPORT | $0 |
Raleigh, NC PURPOSE: OPERATIONAL SUPPORT | $0 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Appalachian Regional Healthcare Foundation has recieved totaling $464,851.
| Awarding Organization | Amount |
|---|---|
Dickson Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $250,000 |
The@b W And Barbara Miller Foundation Charlotte, NC PURPOSE: CHARITABLE - GENERAL SUPPORT | $60,100 |
A J Fletcher Foundation Raleigh, NC PURPOSE: HOSPITAL CAPITAL CAMPAIGN | $50,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $25,151 |
A J Fletcher Foundation Raleigh, NC PURPOSE: PHYSICIAN RECRUITMENT | $25,000 |
William Coltrane & Norma Craft Cannon High Point, NC PURPOSE: GENERAL OPERATING | $25,000 |
Endowment Analysis
| Beg. Balance | $3,940,348 |
| Ending Balance | $5,359,043 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |