Penslow Health Clinic Inc
- Assets
- $178.7k
- Revenue
- $141.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Holly Ridge, NC
- Founding
- 04/1976
- Data as of
- 06/2019
- EIN
- 51-0189813
Organization Overview
Penslow Health Clinic Inc is located in Holly Ridge, NC. The organization was established in 1976. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penslow Health Clinic Inc 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 06/2019, Penslow Health Clinic Inc generated $141.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $289.2k during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION WAS ORGANIZED IN 1976 EXCLUSIVELY TO ESTABLISH AND OPERATE A PRIMARY CARE HEALTH CENTER AND TO OPERATE OTHER SUCH CHARITABLE, EDUCATIONAL OR SCIENTIFIC ENTERPRIESES AS MAY BE BENEFICIAL TO THE CITIZENS OF HOLLY RIDGE, NORTH CAROLINA AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES HEALTHCARE TO PATIENTS IN AN AREA WHERE ACCESS TO HEALTHCARE IS LIMITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irene Villa Board Chairm | OfficerTrustee | 2 | $0 |
Darleen Samuels Board Treasu | Trustee | 0.5 | $0 |
Donna Fairbairn Board Secret | Trustee | 0.5 | $0 |
Melissa Odom Board Vice C | Trustee | 2 | $0 |
Chasity Chace Cfo-Wh | Trustee | 0.5 | $0 |
Jeff James Ceo-Wh | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,559 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| 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 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 | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251,267 |
| Advertising and promotion | $290 |
| Office expenses | $7,410 |
| 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 | $10,932 |
| Insurance | $13,312 |
| All other expenses | $0 |
| Total functional expenses | $289,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,760 |
| Savings and temporary cash investments | $13,470 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,447 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,850 |
| Prepaid expenses and deferred charges | $900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $178,704 |
| Accounts payable and accrued expenses | $311,251 |
| 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 | $0 |
| Total liabilities | $311,251 |
| Net assets without donor restrictions | -$232,945 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $100,398 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$132,547 |
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