Forrest General Healthcarefoundation Inc
- Assets
- $3.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Hattiesburg, MS
- Founding
- 09/2006
- Data as of
- 09/2022
- EIN
- 20-4960499
Organization Overview
Forrest General Healthcarefoundation Inc is located in Hattiesburg, MS. The organization was established in 2006. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forrest General Healthcarefoundation Inc 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 09/2022, Forrest General Healthcarefoundation Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $530.2k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (27.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forrest General Healthcarefoundation Inc has awarded 44 individual grants totaling $8,205,785. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE PROMOTION OF HEALTH WITHIN THE SERVICE AREA OF FORREST GENERAL HOSPITAL AND FOR THE BENEFIT OF THE HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SUPPLEMENTAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaeffer Smith Vice Chair | Officer | 1 | $0 |
Randy Swan Secretary | Officer | 1 | $0 |
Ben Hester Treasurer | Officer | 1 | $0 |
Elizabeth Schwartz Chair | Officer | 1 | $0 |
Josie Mckorkle Employee Rep | Trustee | 1 | $0 |
Clyde Bryant Director | 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 | $1,136,509 |
| Noncash contributions included in lines 1a–1f | $398,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,136,509 |
| Total Program Service Revenue | $0 |
| Investment income | $1,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,138,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $109,715 |
| Grants and other assistance to domestic individuals. | $15,755 |
| 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 | $171,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,830 |
| 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 | $76,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,418 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $527 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $530,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,498,554 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,498,554 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,068,425 |
| Net assets with donor restrictions | $2,430,129 |
| 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 | $3,498,554 |
Grants Awarded
Over the last fiscal year, Forrest General Healthcarefoundation Inc has awarded $104,715 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Hattiesburg, MS PURPOSE: PURCHASE OF CAR FOR RAFFLE | $42,765 |
Hattiesburg, MS PURPOSE: TRANSPORTATION FUND | $24,487 |
Hattiesburg, MS PURPOSE: POST PARTUM SUPPLIES | $16,090 |
Hattiesburg, MS PURPOSE: VARIOUS HOSPITAL PROJECTS | $14,868 |
Hattiesburg, MS PURPOSE: EKG MACHINE | $6,505 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Forrest General Healthcarefoundation Inc has recieved totaling $32,153.
| Awarding Organization | Amount |
|---|---|
The Greater Pinebelt Community Foundation Hattiesburg, MS PURPOSE: SUPPORT | $22,153 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Health Services Little Rock, AR | $51,469,112 | $76,869,884 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Mountaire Employees Medical Benefit Trust Little Rock, AR | $4,300,671 | $51,578,567 |
Capstone Health Services Foundation P C Tuscaloosa, AL | $29,375,344 | $27,823,379 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
Foundation Health Services Inc Baton Rouge, LA | $13,978,378 | $22,883,719 |
White County Physician Group Searcy, AR | $5,249,006 | $21,201,707 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |