Hugh Chatham Memorial Hospital Foundation

Organization Overview

Hugh Chatham Memorial Hospital Foundation is located in Elkin, NC. The organization was established in 1997. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hugh Chatham Memorial Hospital 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, Hugh Chatham Memorial Hospital Foundation generated $511.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $294.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT HUGH CHATHAM MEMORIAL HOSPITAL, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HUGH CHATHAM MEMORIAL HOSPITAL FOUNDATION HAS ONE PURPOSE AND THAT PURPOSE IS TO ASSIST HUGH CHATHAM MEMORIAL HOSPITAL IN SEEKING NEEDED PHILANTHROPIC DOLLARS. "SHARING THE VISION" IS THE NAME THAT HAS BEEN GIVEN TO THE LARGEST CAPITAL FUNDRAISING CAMPAIGN IN THE HISTORY OF HUGH CHATHAM MEMORIAL. IT IS BASED ON THE PHILANTHROPIC HISTORY THAT HAS ALWAYS EXISTED AT THIS HOSPITAL. IT BUILDS UPON THE GENEROSITY OF MANY OF THE FAMILIES WHO PROVIDED THE LAND AND THE FUNDS REQUIRED TO ESTABLISH HUGH CHATHAM MEMORIAL HOSPITAL. IT IS THE MISSION OF THE HUGH CHATHAM MEMORIAL HOSPITAL FOUNDATION TO PROVIDE THE CULTURE OF PHILANTHROPIC SUPPORT THAT WILL SUSTAIN THE HOSPITAL FOR GENERATIONS TO COME.


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Board, Officers & Key Employees

Name (title)Compensation
Fred Chatham
Chairman
$0
Jim Harrell Jr
Vice Chairman
$0
Phyllis Harris
Treasurer
$0
Courtney Snyder
Secretary
$0
Gambill Aldridge
Board Member
$0
Frank Beals
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$268,361
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$268,361
Total Program Service Revenue$0
Investment income $75,218
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $188,687
Net Income from Fundraising Events -$20,690
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $511,576

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