Camc Foundation Inc
- Assets
- $295.0m
- Revenue
- $14.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 09/1976
- Data as of
- 12/2022
- EIN
- 31-0887133
Organization Overview
Camc Foundation Inc, operating under the name Camc Foundation, is located in Charleston, WV. The organization was established in 1976. 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. Camc 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 12/2022, Camc Foundation generated $14.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Camc Foundation has awarded 36 individual grants totaling $41,151,997. 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
RAISE FUNDS TO ASSIST CHARLESTON AREA MEDICAL CENTER, INC. IN ITS HEALTHCARE MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMC FOUNDATION, INC. PROVIDES SUPPORT TO OR FOR THE BENEFIT OF CHARLESTON AREA MEDICAL CENTER, INC. GRANTS WERE APPROVED FOR RESEARCH, EDUCATION, AND MEDICAL ASSISTANCE.
CAMC FOUNDATION, INC. PROVIDES SUPPORT TO OR FOR THE BENEFIT OF CAMC HEALTH EDUCATION AND RESEARCH INSTITUTE, INC. GRANTS WERE APPROVED FOR RESEARCH AND EDUCATION.
CAMC FOUNDATION, INC. PROVIDES SUPPORT TO OR FOR THE BENEFIT OF APPROXIMATELY 70 INDIVIDUALS AND COMPANIES, PARTICULARLY LOW-INCOME INDIVIDUALS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Ramsey Director & Vandalia Health CEO | Trustee | 1 | $0 |
Ryan H Fitzwater MD Director | Trustee | 0.5 | $0 |
James P Tierney Director | Trustee | 0.5 | $0 |
Robert B Cummings President | OfficerTrustee | 50 | $0 |
Denise Burgess Director | Trustee | 0.5 | $0 |
Art Rubin DO Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Westfield Capital Management Investment Management | 12/30/15 | $136,851 |
Eagle Asset Management Investment Management | 12/30/15 | $110,710 |
Atlanta Capital Management Investment Management | 12/30/15 | $119,659 |
West Virginia Univ Physicians Of Charle Physician Support | 12/30/15 | $102,693 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $556,140 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,076,638 |
| Noncash contributions included in lines 1a–1f | $12,234 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,632,778 |
| Total Program Service Revenue | $0 |
| Investment income | $9,801,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $556,548 |
| Net Gain/Loss on Asset Sales | $2,622,517 |
| Net Income from Fundraising Events | -$121,737 |
| Net Income from Gaming Activities | $4,860 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,496,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,384,094 |
| Grants and other assistance to domestic individuals. | $42,083 |
| 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 | $287,691 |
| Pension plan accruals and contributions | $5,068 |
| Other employee benefits | $30,551 |
| Payroll taxes | $21,408 |
| Fees for services: Management | $287,945 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,157 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,192,636 |
| Fees for services: Other | $0 |
| Advertising and promotion | $104,302 |
| Office expenses | $9,826 |
| Information technology | $73,787 |
| Royalties | $0 |
| Occupancy | $8,982 |
| Travel | $2,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,036 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,882 |
| Insurance | $47,028 |
| All other expenses | -$201,070 |
| Total functional expenses | $6,458,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,387,256 |
| Savings and temporary cash investments | $13,718,636 |
| Pledges and grants receivable | $2,122,347 |
| 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 | $31,176 |
| Net Land, buildings, and equipment | $6,545,909 |
| Investments—publicly traded securities | $271,126,011 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,171 |
| Total assets | $294,986,506 |
| Accounts payable and accrued expenses | $27,256 |
| 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 | $1,849,562 |
| Total liabilities | $1,876,818 |
| Net assets without donor restrictions | $198,081,196 |
| Net assets with donor restrictions | $95,028,492 |
| 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 | $294,986,506 |
Grants Awarded
Over the last fiscal year, Camc Foundation Inc has awarded $4,366,147 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLESTON AREA MEDICAL CENTER INC PURPOSE: GENERAL SUPPORT | $3,476,547 |
CAMC HEALTH EDUCATION AND RESEARCH INSTITUTE INC PURPOSE: GENERAL SUPPORT | $864,600 |
UNIVERSITY OF CHARLESTON PURPOSE: GENERAL SUPPORT | $15,000 |
WV CHAPTER AMERICAN COLLEGE OF SURGEONS PURPOSE: GENERAL SUPPORT | $10,000 |