Chester Healthcare Foundation
- Assets
- $17.9m
- Revenue
- $827.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Chester, SC
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 25-1913269
Organization Overview
Chester Healthcare Foundation is located in Chester, SC. The organization was established in 2006. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Chester Healthcare Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chester 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 12/2021, Chester Healthcare Foundation generated $827.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $682.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chester Healthcare Foundation has awarded 76 individual grants totaling $1,584,898. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING HEALTH AND WELLNES EDUCATION PROGRAMS AND PROJECTS FOR CHESTER COUNTY, SC
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARTING IN 2007 THE CHESTER HEALTHCARE FOUNDATION BEGAN MAKING GREANTS TO QUALIFYING ORGANIZATIONS IN THE CHESTER COUNTY COMMUNITY. THE FOUNDATION PRIMARILY GRANTS FUNDS TO ORGANIZATIONS THAT FOCUS ON HEALTH AND WELLNESS INITIATIVES. IN 2021, THE ORGANIZATION PROVIDED GRANTS AND SCHOLARSHIPS TO INDIVIDUALS, CHARITIES AND NO-PROFITS IN THE COMMUNITY TOTALING 362175.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Bundy Presidentceo | Officer | 35 | $74,375 |
Daniel C Peach Chairman | Trustee | 3 | $9,345 |
Ralph Garris Board Member | Trustee | 1 | $3,745 |
Neely Gaston Board Member | Trustee | 1 | $3,345 |
John Agee Vice Chairman | Trustee | 2 | $3,345 |
Rita Bailey Board Member | Trustee | 1 | $2,845 |
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 | $197,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $629,961 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $827,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $362,175 |
| 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. | $106,295 |
| Compensation of current officers, directors, key employees. | $106,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,600 |
| Pension plan accruals and contributions | $18,185 |
| Other employee benefits | $0 |
| Payroll taxes | $8,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $689 |
| Fees for services: Accounting | $6,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,574 |
| Fees for services: Other | $0 |
| Advertising and promotion | $658 |
| Office expenses | $1,287 |
| Information technology | $7,910 |
| Royalties | $0 |
| Occupancy | $14,485 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,652 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,350 |
| Insurance | $8,750 |
| All other expenses | $4,000 |
| Total functional expenses | $682,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,466 |
| 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 | $3,350 |
| Investments—publicly traded securities | $17,804,298 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,946,114 |
| Accounts payable and accrued expenses | $84 |
| 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 | $84 |
| Net assets without donor restrictions | $17,946,030 |
| 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 | $17,946,114 |
Grants Awarded
Over the last fiscal year, Chester Healthcare Foundation has awarded $252,850 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Chester, SC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Richburg, SC PURPOSE: OPERATIONAL SUPPORT | $34,350 |
Rock Hill, SC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Chester, SC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Lancaster, SC PURPOSE: OPERATIONAL SUPPORT | $12,000 |
Lexington, SC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Easter Seals Ucp North Carolina & Virginia Inc Raleigh, NC | $19,056,860 | $91,808,337 |
Atrium Health Foundation Charlotte, NC | $404,080,450 | $59,803,918 |
Hopeway Foundation Charlotte, NC | $32,563,344 | $14,897,275 |
Randolph Cancer Center Llc Asheboro, NC | $0 | $11,508,289 |
Medical Center Foundation Inc Gainesville, GA | $39,439,884 | $6,805,753 |
Archbold Foundation Inc Thomasville, GA | $120,664,372 | $4,326,190 |
A G Rhodes Health & Rehab Management Inc Atlanta, GA | $5,425,018 | $4,030,975 |
Dalton-Whitfield Additional Tr Dalton, GA | $59,216,928 | $4,019,283 |
Scha Foundation Inc Columbia, SC | $8,740,174 | $2,392,397 |
Prisma Health Midlands Foundation Columbia, SC | $35,337,492 | $3,423,546 |
Rhg Housing Foundation Inc Atlanta, GA | $58,363,106 | $4,791,914 |
Mountaincare Inc Asheville, NC | $3,240,246 | $2,970,671 |