Fairfield Medical Center Foundation
- Assets
- $3.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Lancaster, OH
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 20-8952945
Organization Overview
Fairfield Medical Center Foundation is located in Lancaster, OH. The organization was established in 2009. 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. Fairfield Medical Center 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 12/2023, Fairfield Medical Center Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FAIRFIELD MEDICAL CENTER FOUNDATION'S MISSION IS TO SOLICIT AND MANAGE CONTRIBUTIONS IN ORDER TO PROVIDE GRANT ASSISTANCE TO FAIRFIELD MEDICAL CENTER FOR NEEDED ITEMS OR PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FMC FOUNDATION AWARDS VARIOUS SCHOLARSHIPS BY WAY OF AN INDEPENDENT SCHOLARSHIP COMMITTEE TO THOSE WHO ARE PURSUING FURTHER EDUCATION IN THE MEDICAL FIELD. THE SCHOLARSHIPS ARE AWARDED BY AN INDEPENDENT COMMITTEE, BASED ON THE APPLICATIONS RECEIVED.
THE FOUNDATION HELPS VARIOUS INDIVIDUALS WHO ARE AT OR BELOW THE 200% POVERTY LEVEL WITH ASSISTANCE TOWARD CANCER CARE, MAMMOGRAMS AND CARDIAC REHAB. IT ALSO PROVIDES THE SALARY FOR AN ADMINISTRATOR OF THE SCRIPT ASSIST PROGRAM WHICH HELPS THOSE WHO ARE AT OR BELOW THE 200% POVERTY LEVEL OBTAIN PRESCRIPTIONS FROM DRUG COMPANIES AT A REDUCED COST. THIS PROGRAM HAS HELPED MANY WHO OTHERWISE WOULD NOT HAVE BEEN ABLE TO PAY FOR THE PRESCRIPTIONS, OR FOR WHOM IT WOULD HAVE BEEN AN EXTREME HARDSHIP TO DO SO.
FAIRFIELD MEDICAL CENTER FOUNDATION PROGRAM MISCELLANEOUS GRANTS FOR NEED NOT COVERED BY EQUIPMENT GRANTS, CANCER CARE, AND CARDIAC CARE, SUCH AS THE TRANQUILITY GARDEN FOR PATIENTS AND VISITORS OF FMC TO ENJOY, SPECIALTY SOAP FOR INFECTION CONTROL, AS WELL AS VARIOUS OTHER NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Vandervoort Chair | OfficerTrustee | 1.25 | $0 |
Becky Baker Director | Trustee | 0.4 | $0 |
Dr Shashi Gogate Director | Trustee | 0.4 | $0 |
Josh Gordon Director | Trustee | 0.4 | $0 |
Dr Jessi Hanna Director | Trustee | 0.4 | $0 |
Phil Settecase Director | Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,009 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $738,985 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $741,994 |
| Total Program Service Revenue | $0 |
| Investment income | $72,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,268 |
| Net Income from Fundraising Events | $112,715 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $167,097 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,103,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $105,125 |
| 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 | $263,026 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,379 |
| Payroll taxes | $15,069 |
| 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 | $397,341 |
| Advertising and promotion | $0 |
| Office expenses | $125,016 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $105 |
| 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 | $4,897 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,675,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,899 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $295,000 |
| 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 | $58,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,490,533 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,998,157 |
| Accounts payable and accrued expenses | $11,279 |
| 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 | $39,618 |
| Total liabilities | $50,897 |
| Net assets without donor restrictions | $2,947,260 |
| 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 | $2,998,157 |
Grants Awarded
Over the last fiscal year, Fairfield Medical Center Foundation has awarded $94,859 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FAIRFIELD MEDICAL CENTER PURPOSE: EQUIPMENT PURCHASED FOR HOSPITAL | $43,890 |
FAIRFIELD MEDICAL CENTER PURPOSE: SCRIPTASSIST PROGRAM | $50,969 |