Community General Hospital Foundation Inc
- Assets
- $1.8m
- Revenue
- $368.4k
- Investments
- $325.9k
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 56-1828629
Organization Overview
Community General Hospital Foundation Inc, operating under the name Novant Health Thomasville Medical Center Foundation, is located in Winston Salem, NC. The organization was established in 1993. 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. Novant Health Thomasville 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 12/2021, Novant Health Thomasville Medical Center Foundation generated $368.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $456.4k during the year ending 12/2021. While expenses have increased by 16.5% 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
2021
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, NOVANT HEALTH THOMASVILLE MEDICAL CENTER FOUNDATION GATHERS COMMUNITY SUPPORT AND RAISES FUNDS FOR MUCH NEEDED PROGRAMS AND FACILITY IMPROVEMENTS FOR NOVANT HEALTH THOMASVILLE MEDICAL CENTER THROUGH CHARITABLE GIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Akerman Mary Chair (eff 10/26/21) | OfficerTrustee | 0.2 | $0 |
Miller Lisa Chair (1/1 /21- 10/26/21) | OfficerTrustee | 0.2 | $0 |
Orman Jed Sec/treas | OfficerTrustee | 0.2 | $0 |
Tobin Keith Vice Chair (eff 10/26/21) | OfficerTrustee | 0.2 | $0 |
Caulkins Dorothy SVP Foundations | Officer | 8.3 | $0 |
Bennett Joe Trustee | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,850 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,727 |
| Noncash contributions included in lines 1a–1f | $965 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,577 |
| Total Program Service Revenue | $0 |
| Investment income | $16,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $131,818 |
| Net Income from Fundraising Events | -$4,894 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $368,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $326,724 |
| Grants and other assistance to domestic individuals. | $32,452 |
| 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 | $2,678 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,388 |
| Office expenses | $1,507 |
| 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 | $456,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,106 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $62,449 |
| 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 | $1,054,515 |
| Investments—other securities | $325,853 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,792,923 |
| Accounts payable and accrued expenses | $0 |
| 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 | $10,609 |
| Total liabilities | $10,609 |
| Net assets without donor restrictions | $932,907 |
| Net assets with donor restrictions | $849,407 |
| 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 | $1,792,923 |
Grants Awarded
Over the last fiscal year, Community General Hospital Foundation Inc has awarded $43,376 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Winston Salem, NC PURPOSE: CARDIAC REHAB AND CANCER PROGRAMS | $23,376 |
THOMASVILLE CITY SCHOOLS PURPOSE: TRACK REFURBISH FOR SCHOOL AND COMMUNITY USE. | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community General Hospital Foundation Inc has recieved totaling $7,480.
| Awarding Organization | Amount |
|---|---|
Presbyterian Hospital Foundation Winston Salem, NC PURPOSE: NURSING EDUCATION | $5,980 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $1,500 |
Endowment Analysis
| Beg. Balance | $848,640 |
| Net Contributions | $207,100 |
| Other Expense | $201,176 |
| Grants | $5,157 |
| Ending Balance | $849,407 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intrahealth International Inc Chapel Hill, NC | $25,698,138 | $95,131,742 |
Moses Cone Medical Services Inc Greensboro, NC | $66,450,127 | $85,429,043 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Carolina Medicorp Enterprises Llc Winston Salem, NC | $11,898,708 | $46,315,888 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
Fauquier Health Foundation Warrenton, VA | $249,193,841 | $9,571,718 |
Chesapeake Regional Medical Group Chesapeake, VA | $4,557,734 | $12,231,172 |
North Carolina Agricultural Foundation Inc Raleigh, NC | $248,209,354 | $30,308,869 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
Childrens Hospital And Healthcare Services Foundation Richmond, VA | $253,228,925 | $70,265,641 |