Foundation Of Firsthealth Inc

Organization Overview

Foundation Of Firsthealth Inc is located in Pinehurst, NC. 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. Foundation Of Firsthealth 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 09/2021, Foundation Of Firsthealth Inc generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $7.5m during the year ending 09/2021. While expenses have increased by 14.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE PHILANTHROPIC SUPPORT OF FIRSTHEALTH OF THE CAROLINAS, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION OF FIRSTHEALTH, INC. ("FOUNDATION") PROVIDES PHILANTHROPIC SUPPORT TO THE OPERATING ENTITIES AND BUSINESS LINES OF FIRSTHEALTH OF THE CAROLINAS, INC. ("FIRSTHEALTH"), A NOT-FOR-PROFIT HEALTHCARE SYSTEM. THIS FY 2021 PHILANTHROPIC SUPPORT INCLUDED $6,287,121 IN GRANTS TO FIRSTHEALTH FOR OPERATIONAL SUPPORT OF EXISTING PATIENT CARE FACILITIES AND SERVICES, PHYSICIAN AND CLINICAL STAFF EDUCATION, AND OTHER APPROVED OPERATIONAL NEEDS. SIGNIFICANT FY 2021 DISBURSEMENT FROM THE FOUNDATION TO FIRSTHEALTH INCLUDED, BUT WERE NOT LIMITED TO:- $3,500,000 PAID TOWARD THE PURCHASE OF A NEW LINEAR ACCELERATOR FOR THE NEW COMPREHENSIVE CANCER CENTER.- $899,556 PAID BY THE FIRSTHEALTH HOSPICE FOUNDATION TO COVER THE FY 2019 AND FY 2020 OPERATING LOSSES OF THE FIRSTHEALTH HOSPICE HOUSE (INPATIENT FACILITY) AND PROVIDE FOR THE MAINTENANCE OF THE HEALING GARDENS AT THE HOSPICE HOUSE.- $300,332 TO COVER THE OPERATING DEFICIT OF THE CLARA MCLEAN HOSPITALITY HOUSE ("CLARA'S HOUSE") LOCATED ON THE FIRSTHEALTH MOORE REGIONAL HOSPITAL - PINEHURST CAMPUS AND TO OFFSET THE COST OF COMMUNITY PROGRAMS HELD AT THE FACILITY. - $260,000 PAID TOWARD THE ESTABLISHMENT AND EXPANSION OF FIRSTHEALTH'S PALLIATIVE CARE, TO OFFSET SOME OF THE FY 2019 AND FY 2020 PATIENT CARE COSTS NOT PAID THROUGH MEDICARE AND MOST COMMERCIAL INSURANCE COMPANIES. - $231,288 PAID IN SUPPORT OF THE FIRSTHEALTH PHYSICIAN'S LEADERSHIP ACADEMY PROGRAM AND THE OFFICE OF PROVIDER WELLBEING. - $183,640 DISBURSED FROM THE CANCER CARE FUND TO ASSIST PATIENTS WITH DIFFERENT TYPES OF CANCER WITH THE COST OF MEDICATION CO-PAYS, GAS MONEY, ARRANGING SPECIAL TRANSPORTATION NEEDS, SPECIAL NUTRITIONAL NEEDS, ETC. - $154,537 PAID TO FIRSTHEALTH MOORE REGIONAL HOSPITAL IN SUPPORT OF NUMEROUS NURSING EDUCATION PROGRAMS, NURSING ENRICHMENT PROGRAMS, EXTERNAL PROFESSIONAL CONFERENCES, ETC. AND FOR ONGOING MAGNET TRAINING. - $250,824 TO PROVIDE UNDERINSURED CHILDREN WITH QUALITY DENTAL CARE AND OUTSIDE PROFESSIONAL DENTAL SERVICES FOR NEEDED DENTAL SURGERIES; - $157,704 PAID IN SUPPORT OF THE FIRSTHEALTH HOME CARE'S COMPLEX CARE MANAGEMENT PROGRAM.- $87,816 DISBURSED BY THE FIRSTHEALTH RICHMOND MEMORIAL HOSPITAL FOUNDATION IN SUPPORT OF HEALTH SERVICES PROVIDED TO THE RESIDENTS OF RICHMOND COUNTY. - $87,141 DISBURSED BY THE FIRSTHEALTH MONTGOMERY MEMORIAL HOSPITAL FOUNDATION IN SUPPORT OF HEALTH SERVICES PROVIDED TO THE RESIDENTS OF MONTGOMERY COUNTY.DURING FISCAL YEAR 2021, CLARA'S HOUSE HOSTED 376 GUESTS WHO STAYED A TOTAL OF 707 ROOM NIGHTS. 289 OF THOSE GUESTS WERE FIRST TIME VISITORS. GUESTS TRAVELED A MEAN DISTANCE OF 87.5 MILES TO CLARA'S HOUSE WITH AN AVERAGE LENGTH OF STAY OF 2.5 NIGHTS. DUE TO THE COVID-19 PANDEMIC, CLARA'S HOUSE REMAINED OPENED IN 2021 AT A LIMITED CAPACITY OF 6 ROOMS AND HOUSED ONLY CANCER AND SURGICAL PATIENTS. WITH LODGING BEING CAREFULLY SUPERVISED, CLARA'S HOUSE PROVIDED MEETING SPACE FOR FIRSTHEALTH CLINICIANS TO LEARN, GROW AND GET AWAY FROM THE HOSPITAL ENVIRONMENT TO UNLOAD AND WIND DOWN. ADDITIONALLY, SHADOWLAWN WAS UTILIZED TO HOST PROGRAMMING FOR FIRSTHEALTH PHYSICIANS AND NURSES THROUGH THE PHYSICIAN LEADERSHIP ACADEMY AND THE NURSING LEADERSHIP PROGRAM. CLARA'S HOUSE IS HOME TO THE CENTER FOR PROVIDER WELLBEING, WHICH PROVIDES PSYCHOSOCIAL SUPPORT AND RESILIENCE TRAINING FOR FIRSTHEALTH PHYSICIANS AND NURSES SO THAT THEY CAN CARE FOR THEMSELVES AND CONTINUE TO CARE FOR OUR PATIENTS. SOME COMMUNITY PROGRAMMING RETURNED IN JULY 2021, TO INCLUDE ONCOLOGY ART THERAPY AND THE ONCOLOGY SUPPORT GROUP. CENTERING PRAYER, CLARA'S BOOK CLUB AND THE HEALING GARDEN VOLUNTEERS CONTINUED TO MEET.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$8,405
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,318,026
Noncash contributions included in lines 1a–1f $890,098
Total Revenue from Contributions, Gifts, Grants & Similar$5,326,431
Total Program Service Revenue$0
Investment income $2,274,049
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,651,204
Net Income from Fundraising Events $3,472
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,255,156

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Foundation Of Firsthealth Inc has recieved totaling $2,000.

Awarding OrganizationAmount
John And Mary Camp Foundation

Crozier, VA

PURPOSE: HEALTH

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$23,154,735
Earnings$3,623,390
Net Contributions$2,932,664
Other Expense$1,324,539
Ending Balance$28,386,250

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