Carilion Clinic
- Assets
- $281.7m
- Revenue
- $39.4m
- Investments
- $10.7m
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 05/1982
- Data as of
- 09/2021
- EIN
- 54-1190771
Organization Overview
Carilion Clinic is located in Roanoke, VA. The organization was established in 1982. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Carilion Clinic 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, Carilion Clinic generated $39.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $33.7m during the year ending 09/2021. While expenses have increased by 5.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE THROUGH OUR COMMITMENT TO A COMMON PURPOSE OF BETTER PATIENT CARE, BETTER COMMUNITY HEALTH, AND LOWER COST.
Describe the Organization's Program Activity:
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Asst. Secretary | Officer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mb Contractors Inc Construction Services | 9/29/21 | $1,725,077 |
Aecom Services Inc Professional Services | 9/29/21 | $1,584,448 |
F & S Building Innovations Inc Construction Services | 9/29/21 | $1,419,960 |
E Luke Greene Co Inc Construction Services | 9/29/21 | $1,112,583 |
Altus Group Inc Contractor Services | 9/29/21 | $690,214 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,000 |
| Noncash contributions included in lines 1a–1f | $220,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,000 |
| Total Program Service Revenue | $37,582,267 |
| Investment income | $487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,610,640 |
| Net Gain/Loss on Asset Sales | $22,326 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,438,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $176,750 |
| Compensation of current officers, directors, key employees. | $176,750 |
| Compensation to disqualified persons | $3,861 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,745,066 |
| Fees for services: Legal | $42,743 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $577 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,702,603 |
| Advertising and promotion | $0 |
| Office expenses | $236,689 |
| Information technology | $45,163 |
| Royalties | $0 |
| Occupancy | $11,760,905 |
| Travel | $1,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,148,766 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,546,961 |
| Insurance | $295,768 |
| All other expenses | $0 |
| Total functional expenses | $33,716,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,631,376 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,106 |
| 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 | $1,317,606 |
| Net Land, buildings, and equipment | $200,458,115 |
| Investments—publicly traded securities | $7,946,846 |
| Investments—other securities | $10,684,179 |
| Investments—program-related | $7,986,536 |
| Intangible assets | $0 |
| Other assets | $49,630,362 |
| Total assets | $281,656,126 |
| Accounts payable and accrued expenses | $2,907,406 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $95,957,924 |
| 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 | $87,311,212 |
| Total liabilities | $186,176,542 |
| Net assets without donor restrictions | $95,479,584 |
| Net assets with donor restrictions | $0 |
| 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 | $281,656,126 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carilion Clinic has recieved totaling $5,881.
| Awarding Organization | Amount |
|---|---|
Pediatric Brain Tumor Foundation Of The United States Inc Atlanta, GA PURPOSE: VS. CANCER GRANT | $5,881 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Virginia Health Care Cooperative Inc Summersville, WV | $43,415,589 | $66,715,659 |
American Nurses Credentialing Center Silver Spring, MD | $82,788,140 | $58,809,880 |
Naf Hotline Fund Washington, DC | $10,448,331 | $27,375,437 |
Carilion Clinic Roanoke, VA | $281,656,126 | $39,438,781 |
Asbury Communities Inc Frederick, MD | $47,159,908 | $12,863,922 |
Scotland Regional Health Network Laurinburg, NC | $378,865 | $8,728,608 |
Jewish Heritage Fund For Excellence Inc Louisville, KY | $316,702,876 | $24,452,384 |
Cola Inc Columbia, MD | $22,083,298 | $12,495,022 |
University Of Maryland Charles Regional Health Inc La Plata, MD | $24,729,996 | $5,853,296 |
National Resident Matching Program Washington, DC | $32,690,669 | $13,085,177 |
T J Regional Health Inc Glasgow, KY | $461,603 | $6,239,521 |
Carroll Hospital Center Foundation Inc Westminster, MD | $111,958,592 | $10,538,344 |