Fayetteville Area Health Education Foundation Inc, operating under the name Southern Regional Ahec, is located in Fayetteville, NC. The organization was established in 1974. As of 06/2023, Southern Regional Ahec employed 179 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Regional Ahec 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 06/2023, Southern Regional Ahec generated $21.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $20.3m during the year ending 06/2023. While expenses have increased by 6.5% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SR-AHEC IS TO DELIVER QUALITY HEALTHCARE EDUCATION. SR-AHEC MEETS ITS MISSION OF ADDRESSING THE REGIONS' HEALTH WORKFORCE NEEDS BY PROMOTING STATE OF THE ART HEALTHCARE EDUCATION,CONTINUALLY SEEKING INNOVATION IN THE EDUCATION EXPERIENCE AND PROVIDING TIMELY INFORMATION RESOURCES FOR THE PROVIDERS AND CUSTOMERS IN THE REGION. OUR MISSION IS TO IMPROVE ACCESS TO CARE THROUGH HIGH QUALITY CLINICAL SERVICES AND INCREASE THE NUMBER AND DIVERSITY OF PRACTICING HEALTH CARE PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE WERE TWENTY FOUR FAMILY MEDICINE RESIDENTS IN THE PROGRAM THIS YEAR. EIGHT PHYSICIANS COMPLETED THE RESIDENCY IN JUNE WITH EIGHT NEW RESIDENTS ENTERING THE PROGRAM. THERE WERE 33,230 PATIENT VISITS IN THE FAMILY MEDICINE CENTER AND SPECIALTY MEDICINE CENTER. AT SRAHEC FAMILY MEDICINE RESIDENCY OUR MISSION HAS ALWAYS BEEN TO TRAIN RESIDENTS AND PLACE OUR RESIDENCY GRADUATES IN THE COMMUNITY TO HELP IMPROVE HEALTHCARE ACCESS FOR OUR PATIENTS AND IMPROVE THE OVERALL HEALTH OF THE POPULATION IN OUR NINECOUNTY REGION OF: BLADEN, CUMBERLAND, HARNETT, HOKE, MOORE, ROBESON, SAMPSON AND SCOTLAND COUNTIES. IN FY23, EIGHT PHYSICIANS JOINED THE OVER 228 DOCTORS WHO HAVE CHOSEN THE DUKE/SOUTHERN REGIONAL AHEC FAMILY MEDICINE RESIDENCY PROGRAM SINCE 1977 TO BOARD-CERTIFY THEIR SKILLS IN FAMILY MEDICINE. THESE DOCTORS OF ALLOPATHIC AND OSTEOPATHIC MEDICINE CONTINUE THEIR EDUCATION OR BEGIN THEIR CAREERS IN HOSPITALS, PRIVATE PRACTICES, IN THE MILITARY, AND OTHER AVENUES AS THEY PURSUE THEIR LIFE-LONG AMBITION PROVIDING COMPREHENSIVE HEALTH CARE TO PEOPLE OF ALL AGES. SINCE 1977, APPROX. TWENTY FIVE PERCENT OF THESE PRIMARY CARE PHYSICIANS STAYED NORTH CAROLINA OR IN THE REGION AFTER GRADUATING FROM THE PROGRAM. SINCE 2015, THE NUMBER OF GRADUATES OPTING TO WORK WITH LOCAL OR REGIONAL HOSPITALS AS THEIR FIRST JOB AFTER GRADUATION HAS BEEN STEADILY INCREASING. THIS PAST YEAR WE HAD SIXTY PERCENT OF OUR GRADUATES PRACTICE IN OUR REGION. FACULTY AND STAFF PRESENTED AT NUMEROUS NATIONAL AND STATE PROFESSIONAL MEETINGS.
SR AHEC OFFERS PIPELINE PROGRAMS TO INCLUDE THE HEALTH CAREERS PASSPORT; H.U.M.P. DAY IN PARTNERSHIP WITH CAMPBELL UNIVERSITY, HEAL (HEALTH EDUCATION AND ASPIRING LEADERS) WORKSHOP SERIES, AND A SPRING COLLEGE EXPO FOCUSING ON HEALTH CAREER PATHWAY PROGRAMS OFFERED AT OUR REGIONAL COLLEGES/UNIVERSITIES. HEAL IS A THREE-HOUR WORKSHOP TO ALLOW STUDENTS TO EXPLORE AND GAIN A DEEPER INSIGHT INTO HEALTH CAREER PATHWAYS. THE HEALTH CAREERS PROGRAM COLLABORATES WITH REGIONAL CAREER TECHNICAL EDUCATION DEPARTMENTS IN OUR 9-COUNTY REGION TO PROVIDE GUEST SPEAKERS, LUNCH AND LEARNS, AND HANDS-ON ACTIVITIES THROUGH THEIR HEALTH OCCUPATIONS STUDENTS OF AMERICA (H.O.S.A.) PROGRAMS (EX., STOP THE BLEED).IN 2022-23 348 CE/CME PROGRAMS WITH 1,033.05 PROGRAM HOURS WERE OFFERED TO HEALTH CARE PROFESSIONALS THROUGH SR-AHEC. THIRTY-SEVEN PERCENT OF THESE PROGRAMS WERE HELD IN CUMBERLAND COUNTY, WITH 15 PERCENT HOSTED IN SR-AHEC'S OTHER 8 COUNTIES IN THE REGION AND ANOTHER 48 PERCENT HELD OUTSIDE OF THE REGION. A TOTAL OF 185 HEALTH PROFESSIONS STUDENTS RESIDED IN SR-AHEC PROVIDED STUDENT HOUSING IN THE REGION. STUDENTS CAME PRIMARILY FROM DUKE, EAST CAROLINA, METHODIST UNIVERSITY, UNIVERSITY OF NORTH CAROLINA-CHAPEL HILL, WESTERN CAROLINA UNIVERSITY AND WAKE FOREST UNIVERSITY AND CAMPBELL.
SOUTHERN REGIONAL AHEC'S PRACTICE SUPPORT TEAM TRANSFORMS HEALTHCARE DELIVERY IN OUR NINE-COUNTY REGION BY HELPING PROVIDERS MEET NATIONAL STANDARDS AND READY THEMSELVES FOR VALUE-BASED CARE. THIS TEAM WORKS WITH INDIVIDUAL PRACTICES TO PROVIDE ON-SITE ASSISTANCE ON THE TOOLSAND SYSTEMS NEEDED TO OFFER CONSISTENT, HIGH-QUALITY CARE TO ALL PATIENTS, AND PREPARE THE PRACTICE TO RECEIVE VALUE-BASED PAYMENT INITIATIVES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Todd Telemeco PHD Chairman | OfficerTrustee | 1 | $0 |
David Tolentino DO Vice-Chairman | OfficerTrustee | 1 | $0 |
John R Worth CPA Secretary/treasurer | OfficerTrustee | 1 | $0 |
Dina H Adams Pharmd Rph Trustee | Trustee | 0.5 | $0 |
Ann Highsmith Trustee | Trustee | 0.5 | $0 |
David L Boliek Jr JD MBA Trustee | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Criterion Healthcare Llc Healthcare Construction Consulting | 6/29/18 | $236,234 |
Mb Kahn Construction Co New Building Contractor | 6/29/18 | $7,153,228 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,429,847 |
All other contributions, gifts, grants, and similar amounts not included above | $7,603,029 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $9,032,876 |
Total Program Service Revenue | $12,022,667 |
Investment income | $366,692 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $54,001 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $21,476,236 |
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. | $787,238 |
Compensation of current officers, directors, key employees. | $554,277 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,730,207 |
Pension plan accruals and contributions | $147,386 |
Other employee benefits | $1,288,316 |
Payroll taxes | $497,541 |
Fees for services: Management | $0 |
Fees for services: Legal | $16,050 |
Fees for services: Accounting | $49,595 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $78,109 |
Fees for services: Other | $5,165,877 |
Advertising and promotion | $35,391 |
Office expenses | $1,306,754 |
Information technology | $24,399 |
Royalties | $0 |
Occupancy | $746,781 |
Travel | $180,909 |
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 | $659,133 |
Insurance | $208,496 |
All other expenses | $0 |
Total functional expenses | $20,305,618 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,398,225 |
Savings and temporary cash investments | $519,551 |
Pledges and grants receivable | $1,185,395 |
Accounts receivable, net | $584,658 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $73,457 |
Prepaid expenses and deferred charges | $416,110 |
Net Land, buildings, and equipment | $12,276,042 |
Investments—publicly traded securities | $13,061,254 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $12,780 |
Total assets | $35,527,472 |
Accounts payable and accrued expenses | $1,287,665 |
Grants payable | $0 |
Deferred revenue | $123,743 |
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 | $10,433,780 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $9,930 |
Total liabilities | $11,855,118 |
Net assets without donor restrictions | $23,645,589 |
Net assets with donor restrictions | $26,765 |
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 | $35,527,472 |
Organization Name | Assets | Revenue |
---|---|---|
University Of South Carolina School Of Medicine Educational Trust Columbia, SC | $64,774,437 | $40,114,553 |
Fayetteville Area Health Education Foundation Inc Fayetteville, NC | $35,527,472 | $21,476,236 |
Medical Educatiion & Research Instutute Memphis, TN | $26,497,278 | $16,524,013 |
University Of Virginia Medical School Foundation Charlottesville, VA | $128,963,798 | $9,232,071 |
Association Of Medical School Pediatric Department Chairman Inc Mclean, VA | $1,551,464 | $602,014 |
Health Occupations Students Of America Nashville, TN | $498,356 | $457,528 |
American College Of Nuclear Medicine Inc Reston, VA | $238,756 | $0 |
Coastal Virginia Medical Society Norfolk, VA | $49,715 | $0 |
Gaston County Medical Society Gastonia, NC | $61,028 | $0 |