Camc Foundation Inc
- Assets
- $339.7m
- Revenue
- $26.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 09/1976
- Data as of
- 12/2021
- 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 12/2021, CAMC Foundation generated $26.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $6.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, CAMC Foundation has awarded 32 individual grants totaling $36,785,850. 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
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 100 INDIVIDUALS AND COMPANIES, PARTICULARLY LOW-INCOME INDIVIDUALS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Gail Pitchford President (end 9/21) | OfficerTrustee | 50 | $0 |
Robert B Cummings President (start 10/21) | OfficerTrustee | 50 | $0 |
David Ferretti Treasurer | OfficerTrustee | 0.5 | $0 |
Douglas P Meeks Vice Chairman | OfficerTrustee | 0.5 | $0 |
Ted H Brady Secretary | OfficerTrustee | 0.5 | $0 |
Ann Orders Chairwoman | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atlanta Capital Management Investment Management | 12/30/15 | $119,659 |
Westfield Capital Management Investment Management | 12/30/15 | $136,851 |
Eagle Asset Management Investment Management | 12/30/15 | $110,710 |
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 | $233,174 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,079,709 |
| Noncash contributions included in lines 1a–1f | $57,481 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,312,883 |
| Total Program Service Revenue | $0 |
| Investment income | $9,581,495 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $556,548 |
| Net Gain/Loss on Asset Sales | $12,330,114 |
| Net Income from Fundraising Events | -$22,160 |
| Net Income from Gaming Activities | $4,510 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,763,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,874,902 |
| Grants and other assistance to domestic individuals. | $53,243 |
| 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 | $176,968 |
| Pension plan accruals and contributions | $6,072 |
| Other employee benefits | -$9,106 |
| Payroll taxes | $13,106 |
| Fees for services: Management | $281,365 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,031 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,153,581 |
| Fees for services: Other | $0 |
| Advertising and promotion | $96,359 |
| Office expenses | $3,181 |
| Information technology | $82,585 |
| Royalties | $0 |
| Occupancy | $10,676 |
| Travel | $1,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,625 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,670 |
| Insurance | $46,041 |
| All other expenses | $2,521 |
| Total functional expenses | $6,059,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,211 |
| Savings and temporary cash investments | $10,321,908 |
| Pledges and grants receivable | $2,684,293 |
| 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 | $29,324 |
| Net Land, buildings, and equipment | $6,614,689 |
| Investments—publicly traded securities | $319,326,228 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,672 |
| Total assets | $339,677,325 |
| Accounts payable and accrued expenses | $17,505 |
| 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 | $1,537,925 |
| Total liabilities | $1,555,430 |
| Net assets without donor restrictions | $230,185,544 |
| Net assets with donor restrictions | $107,936,351 |
| 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 | $339,677,325 |
Grants Awarded
Over the last fiscal year, Camc Foundation Inc has awarded $3,845,874 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, WV PURPOSE: General Support | $3,449,035 |
Charleston, WV PURPOSE: General Support | $325,134 |
Charleston, WV PURPOSE: General Support | $30,000 |
Morgantown, WV PURPOSE: General Support | $16,705 |
Morgantown, WV PURPOSE: General Support | $15,000 |
Charleston, WV PURPOSE: General Support | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Camc Foundation Inc has recieved totaling $122,261.
| Awarding Organization | Amount |
|---|---|
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $67,261 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $30,000 |
West Virginia Child Abuse Network Inc Charleston, WV PURPOSE: CAC Support | $15,000 |
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $10,000 |
Endowment Analysis
| Beg. Balance | $93,722,666 |
| Earnings | $10,942,868 |
| Admin Expense | $115,077 |
| Net Contributions | $4,316,968 |
| Grants | $931,075 |
| Ending Balance | $107,936,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Jhsi Inc Cincinnati, OH | $218,143,713 | $11,934,726 |
Akron Childrens Hospital Foundation Akron, OH | $226,447,307 | $32,651,405 |
Bethesda Inc Cincinnati, OH | $187,938,288 | $2,121,549 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |