Salem Regional Medical Center Foundation
- Assets
- $246.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OH
- Founding
- 06/2015
- Data as of
- 06/2021
- EIN
- 46-2902698
Organization Overview
Salem Regional Medical Center Foundation is located in Salem, OH. The organization was established in 2015. 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. Salem Regional 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 06/2021, Salem Regional Medical Center Foundation generated $32.4k 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 (9.9%) each year. All expenses for the organization totaled $115.4k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION'S ACTIVITIES WERE PRIMARILY DEVOTED TO RAISING FUNDS ON BEHALF OF SALEM REGIONAL MEDICAL CENTER. SRMC'S MISSION AND TAX-EXEMPT PURPOSE IS ACHIEVED BY PROVIDING QUALITY HEALTH CARE TO THE SICK AND INJURED THROUGH A BROAD RANGE OF DIAGNOSTIC, EMERGENCY, INPATIENT AND OUTPATIENT SERVICES, THAT ARE APPROPRIATE FOR A COMMUNITY HOSPITAL. TO THAT END, COMMUNITY AWARENESS WAS GENERATED BY THE FOUNDATION TO SUPPORT THE MEDICAL CENTER'S MISSION AND COMMUNITY HEALTH IMPROVEMENT SERVICES THROUGH A GOLF OUTING IN JULY 2020 SUPPORTING SALEM REGIONAL MEDICAL CENTER. DIRECT SUPPORT GIVEN TO THE MEDICAL CENTER WAS $15,800.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruthann Rinto Chair | 1 | $0 | |
Vicki Hall Vice-Chair | 1 | $0 | |
Lynn Scullion Od Secretary | 1 | $0 | |
Mike Giangardella Treasurer | 1 | $0 | |
Anita Hackstedde MD President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,909 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,598 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,123 |
| Other Revenue | $0 |
| Total Revenue | $32,384 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $95,487 |
| Professional fees and other payments to independent contractors | $2,292 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,844 |
| Total expenses | $115,423 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $236,888 |
| Other assets | $0 |
| Total assets | $246,105 |
| Total liabilities | $317,342 |
| Net assets or fund balances | -$71,237 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Salem Regional Medical Center Foundation has recieved totaling $254.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $254 |
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 |