Healthcare Foundation Of Wilson
- Assets
- $169.1m
- Revenue
- $4.0m
- Investments
- $145.0m
- Employees
- 2
- Location
- Wilson, NC
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 56-6024172
Organization Overview
Healthcare Foundation Of Wilson is located in Wilson, NC. The organization was established in 1964. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Healthcare Foundation Of Wilson employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcare Foundation Of Wilson 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, Healthcare Foundation Of Wilson generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.8%) each year. All expenses for the organization totaled $12.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Healthcare Foundation Of Wilson has awarded 100 individual grants totaling $7,280,909. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE HEALTHCARE NEEDS OF THE PEOPLE OF WILSON COUNTY AND NEIGHBORING COMMUNITIES.
Describe the Organization's Program Activity:
THE FOUNDATION SERVES AS A HEALTH LEGACY CHARITABLE FOUNDATION TO SUPPORT THE HEALTHCARE NEEDS OF ITS COMMUNITY AND MAINTAINS ASSETS ASSOCIATED WITH THE WILSON MEDICAL CENTER, INC. FACILITY. THE FOUNDATION PROVIDES GRANT-MAKING WITH THE OBJECTIVE OF IMPROVING HEALTH AND WELLNESS WITH THE FOLLOWING FOUR FOCUS AREAS:- ADOLESCENT PREGNANCY- ALCOHOL & SUBSTANCE ABUSE- OBESITY- SEXUALLY TRANSMITTED DISEASE PREVENTIONADDITIONALLY, AS DESCRIBED IN DETAIL IN SCHEDULE A, PART VI, THE FOUNDATION RETAINS AN OWNERSHIP INTEREST AND EFFECTIVE CONTROL OF DLP WILSON HOLDING COMPANY, LLC, WHICH OPERATES THE HOSPITAL AND NURSING HOME PREVIOUSLY OWNED AND OPERATED BY THE FOUNDATION. THROUGH ITS OWNERSHIP OF DLP WILSON HOLDING COMPANY, LLC, THE FOUNDATION CONTINUES TO SUPPORT PROGRAMS THAT FOSTER THE DELIVERY, QUALITY, OR AFFORDABILITY OF HEALTHCARE OR HEALTHCARE-RELATED SERVICES AND TO SUPPORT ANY ACTIVITY DESIGNED AND CARRIED ON TO SERVE THE GENERAL HEALTH AND WELL-BEING OF THE COMMUNITY; TO AID IN THE INSTRUCTION AND PROMOTION OF RESEARCH AND SCIENTIFIC INVESTIGATION IN ALL BRANCHES OF MEDICINE AND SURGERY; AND TO SUPPORT ANY EDUCATIONAL ACTIVITIES RELATED TO THE CARE OF THE SICK AND DISABLED, THE PROMOTION OF HEALTH AND PREVENTATIVE MEDICINE, AND THE GENERAL HEALTH AND WELL-BEING OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise O'hara Executive Director | Officer | 40 | $199,958 |
Chris Hill Chair | Trustee | 1 | $0 |
Vance Forbes Past Chair | Trustee | 1 | $0 |
John Anthony Vice Chair | Trustee | 1 | $0 |
Paula Benson Treasurer | Trustee | 1 | $0 |
Ken Jones Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Womble Carlyle Sandridge & Rice Llp Legal Services | 12/30/15 | $100,693 |
Rsm Us Llp Accounting Services | 12/30/15 | $100,658 |
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 | $2,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,307 |
| Total Program Service Revenue | -$1,157,219 |
| Investment income | $5,112,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,957,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,310,403 |
| 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. | $199,958 |
| Compensation of current officers, directors, key employees. | $46,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,872 |
| Pension plan accruals and contributions | $11,897 |
| Other employee benefits | $16,452 |
| Payroll taxes | $20,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $107,034 |
| Fees for services: Accounting | $65,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,508 |
| Advertising and promotion | $47,124 |
| Office expenses | $6,774 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,600 |
| Travel | $100 |
| 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 | $4,165 |
| Insurance | $25,343 |
| All other expenses | $0 |
| Total functional expenses | $12,179,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $808,449 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $283,816 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,604 |
| Net Land, buildings, and equipment | $63,015 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $144,972,724 |
| Investments—program-related | $21,194,089 |
| Intangible assets | $0 |
| Other assets | $1,808,345 |
| Total assets | $169,139,042 |
| Accounts payable and accrued expenses | $204,508 |
| Grants payable | $175,189 |
| 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 | $893,432 |
| Total liabilities | $1,273,129 |
| Net assets without donor restrictions | $167,797,875 |
| Net assets with donor restrictions | $68,038 |
| 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 | $169,139,042 |
Grants Awarded
Over the last fiscal year, Healthcare Foundation Of Wilson has awarded $814,161 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
WILSON COUNTY SCHOOLS PURPOSE: GENERAL SUPPORT | $182,500 |
LOVE A SEA TURTLE PURPOSE: GENERAL SUPPORT | $24,000 |
WILSON YOUTH UNITED INC PURPOSE: GENERAL SUPPORT | $68,500 |
WILSON COUNTY HEALTH DEPARTMENT PURPOSE: GENERAL SUPPORT | $357,175 |
WILSON COUNTY DEPARTMENT OF SOCIAL SERVICES PURPOSE: GENERAL SUPPORT | $69,486 |
WILSON COUNTY SUBSTANCE PREVENTION COALITION PURPOSE: GENERAL SUPPORT | $37,500 |