Somc Development Foundation
- Assets
- $6.2m
- Revenue
- $542.7k
- Investments
- $4.5m
- Employees
- 0
- Location
- Portsmouth, OH
- Founding
- 04/2006
- Data as of
- 06/2021
- EIN
- 31-0677520
Organization Overview
Somc Development Foundation, operating under the name See Schedule O, is located in Portsmouth, OH. 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. See Schedule O 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 06/2021, See Schedule O generated $542.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $175.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (18.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, See Schedule O has awarded 13 individual grants totaling $567,935. 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
SOMC DEVELOPMENT FOUNDATION IS AN ORGANIZATION CONSISTING OF VOLUNTEER AMBASSADORS OF SERVICE AND PERFORMING FUNDRAISING FOR THE BENEFIT OF SOUTHERN OHIO MEDICAL CENTER (SOMC) OF PORTSMOUTH, OHIO ("SOUTHERN OHIO MEDICAL CENTER"), AN OHIO CHARITABLE NON-PROFIT CORPORATION, AND THE PATIENTS IT SERVES. SOMC DEVELOPMENT FOUNDATION ASSISTS SOMC IN PROMOTING THE HEALTH AND WELFARE OF THE COMMUNITY IN ACCORDANCE WITH THE OBJECTIVES ESTABLISHED BY THE GOVERNING BOARD OF TRUSTEES OF SOMC. SOMC DEVELOPMENT FOUNDATION SHALL BE A FUNDRAISING ORGANIZATION AND THE FUNDS RAISED SHALL BE GIVEN EXCLUSIVELY TO SOUTHERN OHIO MEDICAL CENTER. OTHER CHARITIES ARE NOT ELIGIBLE TO BENEFIT FROM FUNDS RAISED BY SOMC DEVELOPMENT FOUNDATION, UNLESS APPROVED BY THE SOUTHERN OHIO MEDICAL CENTER GOVERNING BOARD. THE SOMC DEVELOPMENT FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES AS SET FORTH IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHAT WE DO:WE ENCOMPASS FUNDRAISING EFFORTS TO HELP SUPPORT THE INITIATIVES THROUGHOUT SOUTHERN OHIO MEDICAL CENTER AND OUR COMMUNITY. THIS SUPPORT RANGES FROM THE PURCHASE OF NEW EQUIPMENT & TECHNOLOGY TO UPGRADING FACILITIES AS WELL AS OTHER COMMUNITY PROJECTS THAT ENGAGE OUR COMMUNITY'S HEALTH AND WELLNESS NEEDS. SUPPORT AND FUNDS RAISED BY THE DEVELOPMENT FOUNDATION ENABLE SOMC TO RESPOND TO CHALLENGES AND NEW OPPORTUNITIES AS THEY ARISE.OUR HISTORY:OUR COMMUNITY IS FULL OF PEOPLE WHO DEDICATE THEIR TIME AND SERVICE TOWARD PHILANTHROPIC CAUSES. WITH THE HELP OF OUR COMMUNITY, SOMC EMPLOYEES AND VOLUNTEERS, WE HAVE BEEN ABLE TO SUPPORT MANY PROJECTS.CAPITAL PROJECTS:-SOMC INPATIENT HOSPICE CENTER-FRIENDS COMMUNITY CENTER-SOMC LIFE CENTERS-SOMC NEWBORN NURSERYOTHER SUPPORT:-EMS SUPPORT-CROSSFIT ALPHA PACK-FREE SMOKING CESSATION CLASSES-FREE HEALTH SCREENINGS-LOVE YOUR HEART-COMMUNITY BASED TRANSITION PROGRAM-LOSE & WIN FOR LIFE-CORPORATE HEALTH & WELLNESSGUILDS OF SOMC:THE GUILDS AT SOUTHERN OHIO MEDICAL CENTER SHARE A COMMON GOAL - TOSUPPORT THE NEEDS OF THE PATIENTS, AS WELL AS THE HOSPITAL'S BENEFICIALPROGRAMS THROUGH FUNDRAISING EFFORTS. THEY DIDN'T SET ANY FUNDRAISING GOALS FOR FY 2021 DUE TO COVID. HOWEVER, THEY HAVE STILL STRIVED TO SERVE IN AS MANY WAYS A POSSIBLE. THE GUILDS OPERATE TO ADVANCE THE MISSION OF SOMC. THE MEN AND WOMEN OF SOMC'S GUILDS ARE TRULY EXTRAORDINARY INDIVIDUALS WHO MAKE A DIFFERENCE FOR THE SOMC PATIENTS, FAMILIES, AND STAFF OF SOUTHERN OHIO MEDICAL CENTER. THIS YEAR, THE SUPPORT OF THE GUILDS ALLOWED SOMC TO PURCHASE ITEMS, SUCH AS WHEELCHAIRS, 3 AUDIOMETERS, AND PEDS IV GOWNS. THEY ALSO MADE DONATIONS TOWARD THE COVID-19 EMERGENCY RESPONSE FUND, TRANSCENDING LIVES CAMPAIGN, HOSPICE, MATERNITY, BREAST CENTER, AND PEDIATRICS. SOMC IS SUPPORTED BY A TOTAL OF SIX GUILDS: THE HOPE GUILD, THE KARDIA GUILD, THE PEDIATRIC GUILD, THE PLEASURE GUILD, THE SCIOTO GUILD, AND THE SERVICE GUILDS OF SOMC WITH A TOTAL OF 107 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin L Gill President & Ceo-Somc | OfficerTrustee | 0.1 | $0 |
Gary Duzan Vice Chair Of The Board | OfficerTrustee | 0.1 | $0 |
David Fowler Chairman Of The Board | OfficerTrustee | 0.1 | $0 |
Dean Wray CFO - Somc | Officer | 0.1 | $0 |
Kara Plummer Associate CFO | Officer | 0.1 | $0 |
Vincent Scarpinato MD Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $482,917 |
| 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 | $482,917 |
| Total Program Service Revenue | $1,940 |
| Investment income | $109,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$86,632 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,067 |
| Grants and other assistance to domestic individuals. | $39,844 |
| 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 | $71,984 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,644 |
| Total functional expenses | $175,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,135 |
| Savings and temporary cash investments | $804,791 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $352,545 |
| 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 | $36,266 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,512,567 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,173,304 |
| Accounts payable and accrued expenses | $2,387 |
| Grants payable | $0 |
| Deferred revenue | $32,000 |
| 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 | $781,880 |
| Total liabilities | $816,267 |
| Net assets without donor restrictions | $5,323,286 |
| Net assets with donor restrictions | $33,751 |
| 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 | $6,173,304 |
Grants Awarded
Over the last fiscal year, Somc Development Foundation has awarded $36,208 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Portsmouth, OH PURPOSE: BABY MONITORS, VITAL SIGN, WHEELCHAIR, AUDIOMETERS | $31,208 |
SOUTH SHORE LIONS CLUB PURPOSE: PLAYGROUND EQUIPMENT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Somc Development Foundation has recieved totaling $35,100.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $35,100 |
Endowment Analysis
| Beg. Balance | $2,785,844 |
| Earnings | $731,667 |
| Admin Expense | $19,930 |
| Net Contributions | $32,613 |
| Other Expense | $5,044 |
| Ending Balance | $3,525,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somc Medical Care Foundation Inc Portsmouth, OH | $14,653,193 | $44,708,757 |
Deaconess Health System Inc Evansville, IN | $144,110,992 | $33,405,417 |
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Dorothy Rider Pool Health Care Tr Uw L P Pool No 8 76431 Pittsburgh, PA | $33,435 | $17,533,563 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |
The Erm Group Health & Welfare Trust Malvern, PA | $0 | $29,217,705 |