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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mickey Foster Ex-Officio Member | OfficerTrustee | 49 | $0 |
Daniel Barnes DO Ex-Officio Member | OfficerTrustee | 49 | $0 |
Jacklynn Lesniak Eff 42021 Ex-Officio Member | OfficerTrustee | 49 | $0 |
Rebecca Carter Ex-Officio Member | OfficerTrustee | 49 | $0 |
Karen Robeano Retired 62021 Ex-Officio Member | OfficerTrustee | 49 | $0 |
Kathy Stockham President, Foundation | OfficerTrustee | 50 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $6,287,121 |
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 of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $601,891 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $49,859 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $87,985 |
Fees for services: Other | $103,053 |
Advertising and promotion | $0 |
Office expenses | $38,589 |
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 | $313,846 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $7,482,344 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,410,646 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $0 |
Net Land, buildings, and equipment | $3,576,736 |
Investments—publicly traded securities | $89,079,631 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,939,365 |
Total assets | $97,006,378 |
Accounts payable and accrued expenses | $354,260 |
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 | $2,521,466 |
Total liabilities | $2,875,726 |
Net assets without donor restrictions | $41,508,284 |
Net assets with donor restrictions | $52,622,368 |
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 | $97,006,378 |
Over the last fiscal year, we have identified 1 grants that Foundation Of Firsthealth Inc has recieved totaling $2,000.
Awarding Organization | Amount |
---|---|
John And Mary Camp Foundation Crozier, VA PURPOSE: HEALTH | $2,000 |
Beg. Balance | $23,154,735 |
Earnings | $3,623,390 |
Net Contributions | $2,932,664 |
Other Expense | $1,324,539 |
Ending Balance | $28,386,250 |
Organization Name | Assets | Revenue |
---|---|---|
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Trustees Of Medical Services Of Am Inc Empl Health Ben Plan 6 Tr Lexington, SC | $5,490 | $14,210,986 |
Rowan Regional Medical Center Foundation Inc Winston Salem, NC | $63,491,170 | $11,479,503 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Plumbers And Pipefitters L U 572 Health And Welfare Fund Goodlettsville, TN | $19,730,789 | $13,559,404 |
Fauquier Hospital Endowment Fund Under Trust Agreement With Dated 1 Charlottesville, VA | $0 | $393,399 |
Medical Society Of S C Charleston, SC | $641,115,218 | $16,899,363 |