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 09/2021, Hugh Chatham Memorial Hospital Foundation generated $398.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $129.5k during the year ending 09/2021. While expenses have increased by 5.4% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$116,898
Noncash contributions included in lines 1a–1f $28,201
Total Revenue from Contributions, Gifts, Grants & Similar$116,898
Total Program Service Revenue$0
Investment income $52,489
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $228,826
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $398,213

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Hugh Chatham Memorial Hospital Foundation has recieved totaling $2,500.

Awarding OrganizationAmount
Equitable Foundation Inc

New York, NY

PURPOSE: GENERAL SUPPORT

$1,500
Pvh Foundation Inc

New York, NY

PURPOSE: GENERAL DONATION

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$618,674
Ending Balance$618,674

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