Camden-Clark Foundation Inc
- Assets
- $3.8m
- Revenue
- $431.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Parkersburg, WV
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 55-0667789
Organization Overview
Camden-Clark Foundation Inc is located in Parkersburg, WV. The organization was established in 1987. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Camden-Clark Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Camden-Clark 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 12/2022, Camden-Clark Foundation Inc generated $431.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $199.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 8 years. 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
RAISE AND MANAGE FUNDS FOR CAMDEN-CLARK MEMORIAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CAMDEN CLARK FOUNDATION WAS ESTABLISHED IN 1987 AS A 501C3 NON-PROFIT ORGANIZATION. IN PARTNERSHIP WITH PATIENTS, PHYSICIANS, EMPLOYEES, COMMUNITY LEADERS AND PHILANTHROPISTS, THE FOUNDATIONS MISSION IS TO DEVELOP RELATIONSHIPS AND FINANCIAL RESOURCES TO SUPPORT THE HEALTH CARE PROGRAMS, PROJECTS AND SERVICES OF WVU MEDICINE CAMDEN-CLARK MEDICAL CENTER. THESE FUNDS ENABLE THE HOSPITAL TO OFFER STATE-OF-THE-ART CARE TO ITS PATIENTS WHILE UNDERWRITING ITS EFFORTS TO PROVIDE HEALTH SERVICES TO THE ECONOMICALLY DISADVANTAGED. THIS PHILANTHROPIC PARTNERSHIP ENHANCES CAMDEN-CLARKS ABILITY TO CREATE A COMPELLING WORK ENVIRONMENT FOR PHYSICIANS AND STAFF, AND OFFERS FULFILLING OPPORTUNITIES TO DONORS AND VOLUNTEERS.
THE MISSION OF THE FOUNDATION IS TO PROVIDE A LASTING HEALTHCARE DIFFERENCE IN THE MID-OHIO VALLEY BY ASSISTING CAMDEN-CLARK MEMORIAL HOSPITAL THROUGH FUND ACCUMULATION. SUCH FUNDS ARE USED FOR FUTURE HOSPITAL CAPITAL AND SERVICE NEEDS. DURING 2022, THE FOUNDATION WAS AWARDED GRANTS FROM NEPTUNE AND MCDONOUGH TO PROVIDE FREE MAMMOGRAMS, BREAST ULTRASOUNDS AND ADDITIONAL VIEWS FOR WV WOMEN AGED 40-49 WHO ARE UNINSURED OR UNDERINSURED. THROUGH THIS GRANT, 201 PATIENTS RECEIVED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Onestinghel MD Board Member | Trustee | 0.3 | $0 |
Kimberley Couch Executive Director | Officer | 40 | $0 |
Dr David Gnegy Board Member | Trustee | 0.3 | $0 |
Jon Leavitt Board Member, President | OfficerTrustee | 0.3 | $0 |
Vernon Criss Board Member, VP | OfficerTrustee | 0.3 | $0 |
Charlie Casto Board Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $120,050 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,375 |
| Total Program Service Revenue | $0 |
| Investment income | $88,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,832 |
| Net Gain/Loss on Asset Sales | -$13,077 |
| Net Income from Fundraising Events | -$21,928 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $430,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| 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 | $134,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,305 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $13,480 |
| Advertising and promotion | $0 |
| Office expenses | $2,977 |
| Information technology | $6,229 |
| Royalties | $0 |
| Occupancy | $7,304 |
| 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 | $0 |
| Insurance | $2,500 |
| All other expenses | $0 |
| Total functional expenses | $199,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $702,780 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,951 |
| 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 | $3,155 |
| Net Land, buildings, and equipment | $149,924 |
| Investments—publicly traded securities | $2,881,088 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,000 |
| Total assets | $3,751,898 |
| Accounts payable and accrued expenses | $84,623 |
| 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 | $84,623 |
| Net assets without donor restrictions | $2,072,245 |
| Net assets with donor restrictions | $1,595,030 |
| 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 | $3,751,898 |