Oconee Memorial Hospital Foundation Inc
- Assets
- $9.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Seneca, SC
- Founding
- 03/2002
- Data as of
- 09/2023
- EIN
- 56-2141740
Organization Overview
Oconee Memorial Hospital Foundation Inc is located in Seneca, SC. The organization was established in 2002. 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. Oconee Memorial Hospital Foundation Inc 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, Oconee Memorial Hospital Foundation Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Oconee Memorial Hospital Foundation Inc has awarded 14 individual grants totaling $5,293,473. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IDENTIFY PHILANTHROPIC RESOURCES AND RAISE FUNDS TO SUPPORT AND ENHANCE THE MISSION OF OCONEE MEMORIAL HOSPITAL AND ITS COMMUNITY HEALTH PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE OCONEE MEMORIAL HOSPITAL FOUNDATION, INC AS STATED IN ITS BYLAWS IS TO IDENTIFY PHILANTHROPIC RESOURCES AND RAISE FUNDS TO SUPPORT AND ENHANCE THE MISSION OF OCONEE MEMORIAL HOSPITAL AND ITS COMMUNITY HEALTH PROGRAMS. THE FOUNDATION HAS WORKED TO SECURE GIFTS, DONATIONS, AND BEQUESTS FROM INDIVIDUALS AND ENTITIES WITHIN THE HOSPITALS SERVICE AREA DURING THE TAX YEAR 2022-2023. THE FOUNDATION BOARD OF TRUSTEES CONTINUES TO DEVELOP A SOLID ASSET BASE FOR FUTURE ENDEAVORS AND IS WORKING CLOSELY WITH THE HOSPITALS ADVISORY BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT TO IDENTIFY NEEDS WITHIN THE FACILITY AND ITS SURROUNDING COMMUNITY THAT CAN BE ADDRESSED BY THOSE RESOURCES. THIS INCLUDES TECHNOLOGY INITIATIVES, EXPANSION/IMPROVEMENT OF PATIENT SERVICE AREAS, OR ENHANCEMENT OF OUTREACH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Martin Trustee | Trustee | 1 | $0 |
Rita Rao Trustee | Trustee | 1 | $0 |
Kelly Durham Trustee | Trustee | 1 | $0 |
Judy Goodwill Trustee | Trustee | 1 | $0 |
John Mcroberts Trustee | Trustee | 1 | $0 |
Steven Snider Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $242,784 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $896,852 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,139,636 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,766 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,196,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,122,080 |
| 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. | $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 | $44,030 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,833 |
| 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 | $1,179,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,759,069 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $94,603 |
| 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 | $6,706,308 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $142,660 |
| Total assets | $9,702,640 |
| Accounts payable and accrued expenses | $46,176 |
| 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 | $210,780 |
| Total liabilities | $256,956 |
| Net assets without donor restrictions | $1,651,075 |
| Net assets with donor restrictions | $7,794,609 |
| 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 | $9,702,640 |
Grants Awarded
Over the last fiscal year, Oconee Memorial Hospital Foundation Inc has awarded $1,122,076 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OCONEE MEMORIAL HOSPITAL | | | $1,007,362 |
HOSPICE OF THE FOOTHILLS | | | $114,714 |