Rowan Regional Medical Center Foundation Inc

Organization Overview

Rowan Regional Medical Center Foundation Inc, operating under the name Novant Health Rowan Medical Center Foundation, is located in Winston Salem, NC. The organization was established in 1989. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Novant Health Rowan Medical Center Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Novant Health Rowan Medical Center 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 12/2022, Novant Health Rowan Medical Center Foundation generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Novant Health Rowan Medical Center Foundation has awarded 34 individual grants totaling $27,811,208. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONSISTENT WITH THE ORGANIZATION'S EXEMPT PURPOSE, ROWAN REGIONAL MEDICAL CENTER FOUNDATION ("RRMCF") SUPPORTS ROWAN REGIONAL MEDICAL CENTER, A NOT-FOR-PROFIT HOSPITAL LOCATED IN SALISBURY, NC. AS SUCH, RRMCF FOCUSES ITS EFFORTS TO RAISE COMMUNITY SUPPORT AND FUNDING THROUGH CHARITABLE GIVING FOR MUCH-NEEDED PROGRAMS, IMPROVED FACILITIES AND STATE-OF-THE ART TECHNOLOGY FOR ROWAN REGIONAL MEDICAL CENTER.


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Board, Officers & Key Employees

Name (title)Compensation
Eric Mallico MD
Trustee/general Surgeon
$0
Michael Aron
Trustee
$0
Stephen Bullock
Trustee
$0
Alisha Byrd-Clark
Trustee
$0
Leighanne Dorton MD
Trustee (until 2/28/2022)
$0
Joyce Goodwin
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$93,743
Related organizations$1,519,539
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,101,972
Noncash contributions included in lines 1a–1f $26,129
Total Revenue from Contributions, Gifts, Grants & Similar$5,715,254
Total Program Service Revenue$0
Investment income $579,365
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $964,424
Net Income from Fundraising Events -$40,764
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,218,279

Grants Awarded

Over the last fiscal year, Rowan Regional Medical Center Foundation Inc has awarded $1,161,504 in support to 4 organizations.

Grant RecipientAmount

COMMUNITY CARE CLINIC OF ROWAN COUNTY INC

PURPOSE: COMMUNITY OUTREACH AND BIOMETRIC SCREENINGS

$50,500

NOVANT MEDICAL GROUP INC

PURPOSE: TO SUPPORT NOVANT MEDICAL GROUP

$36,789

NOVANT HEALTH INC

PURPOSE: TO SUPPORT NOVANT HEALTH HOSPITALS

$891,852

ROWAN COUNTY UNITED WAY INC

PURPOSE: COMMUNITY OUTREACH

$182,363
View Grant Profile

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$20,808,855
Trustees Of Medical Services Of Am Inc Empl Health Ben Plan 6 Tr
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$14,188,531
Foundation Of Firsthealth Inc
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$10,335,371
Le Bonheur Childrens Hospital Foundation
Memphis, TN
$25,371,884
Plumbers And Pipefitters L U 572 Health And Welfare Fund
Goodlettsville, TN
$15,827,005
Virginia Transformer Corp Health Care Benefits Trust
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$11,914,144
Fauquier Hospital Endowment Fund Under Trust Agreement With Dated 1
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$393,399
Plumbers And Steamfitters Union 10 Health And Welfare Fund
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$9,771,623
Medical Society Of S C
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$46,820,067
Hospice Of The South Inc
Chattanooga, TN
$0
Virginia Hospital Research And Education Foundation
Richmond, VA
$8,145,300
Steamfitters Local Union No 614 Health And Welfare Fund
Goodlettsville, TN
$8,309,019
Centra Health Foundation
Lynchburg, VA
$4,025,165
Conway Hospital Emergency Professional Services
Conway, SC
$5,283,471
Medical Society Of Virginia Foundation
Richmond, VA
$7,384,172
Tidewater Electrical Industry Health Fund
Norfolk, VA
$5,901,561
Wellspring Foundation Of Southwest Virginia
Abingdon, VA
$27,149,953
Southeastern Pipetrades Health And Welfare Fund
Goodlettsville, TN
$10,267,569
Moses Cone-Wesley Long Community Health Foundation Inc
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Shreveport Electrical Health & Welfare Fund
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$6,827,668
Richmond Memorial Health Foundation
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$4,294,615

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