Salem Regional Medical Center Foundation
- Assets
- $218.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OH
- Founding
- 06/2015
- Data as of
- 06/2022
- 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 06/2022, Salem Regional Medical Center Foundation generated $116.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $159.9k during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
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 2021 SUPPORTING SALEM REGIONAL MEDICAL CENTER. AN ANNUAL FUND RAISER WAS PLANNED IN 2020 WHICH WAS DELAYED UNTIL 2021 DUE TO COVID RESTRICTIONS. BECAUSE OF CONTINUED IMPACT OF COVID INFECTIONS DURING TIMES OF LARGE GATHERINGS, THE EVENT WAS CANCELED. DONORS INSTEAD CONTRIBUTED THE FUNDS OF $84,703 100% TO THE FOUNDATION IN FISCAL YEAR 2022. DIRECT SUPPORT GIVEN TO THE MEDICAL CENTER WAS $50,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William F Young Ed D Chair | 1 | $0 | |
Lynn Scullion Od Vice-Chair | 1 | $0 | |
Terry Criss Secretary | 1 | $0 | |
Anita Hackstedde MD President | 1 | $0 | |
Mike Giangardella Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,372 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,003 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,032 |
| Other Revenue | $0 |
| Total Revenue | $116,407 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $94,834 |
| Professional fees and other payments to independent contractors | $9,897 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,000 |
| Other expenses | $3,159 |
| Total expenses | $159,890 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $218,060 |
| Other assets | $0 |
| Total assets | $218,060 |
| Total liabilities | $350,258 |
| Net assets or fund balances | -$132,198 |