Charles Regional Medical Center Foundation Inc
- Assets
- $6.2m
- Revenue
- $512.1k
- Investments
- $0.0
- Employees
- 0
- Location
- La Plata, MD
- Founding
- 03/1986
- Data as of
- 06/2022
- EIN
- 52-1414564
Organization Overview
Charles Regional Medical Center Foundation Inc is located in La Plata, MD. The organization was established in 1986. 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. Charles Regional Medical Center Foundation 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 06/2022, Charles Regional Medical Center Foundation Inc generated $512.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $822.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE HOSPITAL'S FINANCIAL RESOURCES SO IT MAY PROVIDE EXCELLENT HEATH CARE SERVICES TO ALL MEMBERS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CRMC FOUNDATION HAD A VERY SUCCESSFUL FY2022 (JULY 1 2021-JUNE 30, 2022), PROCESSING 570 GIFTS FROM 249 DONORS. HOWEVER, IT SHOULD BE NOTED THAT OPERATIONS CONTINUED TO BE IMPACTED BY THE COVID-19 PANDEMIC. THESE CHALLENGES ARE PRIMARILY CENTERED AROUND OUR ROSTER OF EVENTS NOT BEING FULLY BACK TO PRE-PANDEMIC LEVELS. TO OFFER SOME DEGREE OF CONTINUITY, THE FOUNDATION'S WINE TASTING WAS CONVERTED TO A SUCCESSFUL "TO-GO" EXPERIENCE AND THE HONOR ROLL OF WOMEN AND TREE OF LIFE EVENTS WERE ABLE TO TAKE PLACE VIRTUALLY. THE ANNUAL GALA, CRAB FEAST AND GOLF EVENT WERE POSTPONED UNTIL NEXT YEAR. AMONG THE HIGHLIGHTS OF THE FOUNDATION WAS THE CONTINUATION OF OUR GRANT WRITING EFFORTS. THE EXPANSION OF THE FOUNDATION'S GRANT WRITING WILL CONTINUE TO BE A FOCUS IN YEARS TO COME. THE CRMC FOUNDATION ALSO SUCCESSFULLY BEGAN CONVERSATIONS WITH FELLOW UMMS FOUNDATIONS TO IDENTIFY WAYS TO LEVERAGE OUR COLLECTIVE EFFORTS TO YIELD MORE SUBSTANTIAL IMPACT. THE BOARD REMAINS FULLY COMMITTED TO CARRYING OUT THE MISSION AND VISION OF THE FOUNDATION AND MAINTAINING ITS REPUTATION AS ONE OF THE TOP NON-PROFITS IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed Immediate Past Chair | OfficerTrustee | 1 | $0 |
Name Not Listed President -Umcrmc | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,628 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $236,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,360 |
| Total Program Service Revenue | $0 |
| Investment income | $81,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $154,990 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,260 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $512,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $276,639 |
| 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 | $148,134 |
| Pension plan accruals and contributions | $285 |
| Other employee benefits | $0 |
| Payroll taxes | $1,235 |
| 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 | $25,361 |
| Fees for services: Other | $72,954 |
| Advertising and promotion | $35,224 |
| Office expenses | $4,731 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,726 |
| Travel | $7,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130 |
| Interest | $21,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,008 |
| Insurance | $0 |
| All other expenses | $28,760 |
| Total functional expenses | $822,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,592,849 |
| Pledges and grants receivable | $32,955 |
| Accounts receivable, net | $14,942 |
| 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 | $4,555 |
| Net Land, buildings, and equipment | $1,969,901 |
| Investments—publicly traded securities | $2,582,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,028 |
| Total assets | $6,249,690 |
| Accounts payable and accrued expenses | $10,013 |
| Grants payable | $0 |
| Deferred revenue | $29,932 |
| 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 | $629,263 |
| Other liabilities | $276 |
| Total liabilities | $669,484 |
| Net assets without donor restrictions | $4,830,139 |
| Net assets with donor restrictions | $750,067 |
| 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 | $6,249,690 |