The Foundation For The Thomas Memorial & Saint Francis Hospitals
- Assets
- $3.2m
- Revenue
- $513.2k
- Investments
- $0.0
- Employees
- 0
- Location
- South Charleston, WV
- Founding
- 01/1994
- Data as of
- 09/2023
- EIN
- 55-0694220
Organization Overview
The Foundation For The Thomas Memorial & Saint Francis Hospitals, operating under the name Thomas Foundation, is located in South Charleston, WV. The organization was established in 1994. 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. Thomas Foundation 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 09/2023, Thomas Foundation generated $513.2k 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 (5.1%) each year. All expenses for the organization totaled $236.0k during the year ending 09/2023. 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.
Since 2015, Thomas Foundation has awarded 22 individual grants totaling $1,009,298. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION FINANCIALLY ASSISTS THE EFFORTS OF THOMAS MEMORIAL AND SAINT FRANCIS HOSPITALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED THE FOLLOWING SUPPORT TO THOMAS HOSPITAL:EDUCATION CENTER REVAMP $40,000TUITION REIMBURSEMENT PROGRAM $34,535NICU RADIANT WARMERS $125,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Parsons President | OfficerTrustee | 1 | $0 |
Pam Harvit Vice-President | OfficerTrustee | 1 | $0 |
Zak Ritchie Treasurer | OfficerTrustee | 1 | $0 |
Nikki Orcutt Secretary | OfficerTrustee | 1 | $0 |
Candace Harlow Member At Large | Trustee | 1 | $0 |
Bryan Brown Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $275,460 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,772 |
| Total Program Service Revenue | $0 |
| Investment income | $189,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,906 |
| Net Income from Fundraising Events | $28,113 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $513,188 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $199,535 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $0 |
| Advertising and promotion | $730 |
| Office expenses | $24,176 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $235,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,928 |
| Savings and temporary cash investments | $2,233,961 |
| 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 | $0 |
| Investments—publicly traded securities | $636,603 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,158,492 |
| Accounts payable and accrued expenses | $13,999 |
| 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 | $13,999 |
| Net assets without donor restrictions | $1,313,701 |
| Net assets with donor restrictions | $1,830,792 |
| 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 | $3,158,492 |
Grants Awarded
Over the last fiscal year, The Foundation For The Thomas Memorial & Saint Francis Hospitals has awarded $199,535 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THOMAS HEALTH SYSTEM INC PURPOSE: TUITION EDUCATION REIMBURSEMENT | $34,535 |
THOMAS MEMORIAL HOSPITAL PURPOSE: EDUCATION CENTER RENOVATION PROJECT AND NICU RADIANT WARMERS. | $165,000 |