The Rex Hospital Foundation Inc
- Assets
- $7.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 09/1961
- Data as of
- 06/2021
- EIN
- 56-6052117
Organization Overview
The Rex Hospital Foundation Inc, operating under the name Rex Hospital Foundation, is located in Raleigh, NC. The organization was established in 1961. 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. Rex 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 06/2021, Rex Hospital Foundation generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 6 years. 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
TO PROVIDE OPPORTUNITIES FOR OUR COMMUNITY TO INVEST RESOURCES IN THE EXCELLENT WORK OF UNC REX HEALTHCARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REX HEALTHCARE FOUNDATION SUPPORTS UNC REX HOSPITAL THROUGH A VARIETY OF PATIENT ASSISTANCE PROGRAMS, ASSISTS IN UPGRADING FACILITIES AND ACQUIRING THE MEDICAL EQUIPMENT NECESSARY TO CONTINUE EXCELLENT HEALTHCARE SERVICES. THESE PROGRAMS INCLUDE A MOBILE MAMMOGRAPHY UNIT THAT TRAVELS THE REGION PROVIDING FREE MAMMOGRAPHY SCREENING SERVICES TO UNDERSERVED PATIENTS, PATIENT ASSISTANCE THROUGH THE REX CANCER CENTER ANGEL FUND, NURSING EDUCATION, BLANKET WARMERS, PATIENT TRANSPORTATION TO TREATMENT AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest L Bovio Jr President | OfficerTrustee | 1 | $0 |
Catharine B Arrowood Director/vice Chairman | OfficerTrustee | 1 | $0 |
Ann S Collins MD Director/chairman | OfficerTrustee | 1 | $0 |
Andrew K Zukowski Treasurer | Officer | 1 | $0 |
Sylvia D Hackett Vice President | Officer | 1 | $0 |
Tate M Bombard Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Development Services Inc Consulting | 6/29/17 | $191,053 |
Tcg Events Inc Event Planning | 6/29/17 | $142,781 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $494,120 |
| Related organizations | $771,427 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,480,771 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,746,318 |
| Total Program Service Revenue | $0 |
| Investment income | $71,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $196,326 |
| Net Income from Fundraising Events | -$116,049 |
| Net Income from Gaming Activities | $17,694 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,916,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $807,123 |
| 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 | $18,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,908 |
| Fees for services: Investment Management | $21,560 |
| Fees for services: Other | $56,401 |
| Advertising and promotion | $17,357 |
| Office expenses | $9,163 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,871 |
| Travel | $120 |
| 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 | $1,718,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,156,014 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $673,023 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,993,306 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,822,343 |
| Accounts payable and accrued expenses | $47,548 |
| 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 | $0 |
| Total liabilities | $47,548 |
| Net assets without donor restrictions | $1,948,904 |
| Net assets with donor restrictions | $5,825,891 |
| 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 | $7,822,343 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Rex Hospital Foundation Inc has recieved totaling $350,591.
| Awarding Organization | Amount |
|---|---|
Trent Ragland Jr Trust 1019894918 Las Vegas, NV PURPOSE: GENERAL SUPPORT | $150,000 |
Kay Yow Cancer Foundation Inc Durham, NC | | $100,000 |
1 Of Us Inc Raleigh, NC PURPOSE: Financial assistance to patients | $50,000 |
Ta The John P Mcconnell Foundation Raleigh, NC PURPOSE: GENERAL SUPPORT | $20,000 |
The American Breast Cancer Foundation Inc Gaithersburg, MD PURPOSE: PROVIDES SCREENING MAMMOGRAMS AND ULTRASOUNDS TO UNINSURED AND UNDERSERVED AREA | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,591 |
Endowment Analysis
| Beg. Balance | $432,364 |
| Ending Balance | $432,364 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Trustees Of Medical Services Of Am Inc Empl Health Ben Plan 6 Tr Lexington, SC | $5,490 | $14,210,986 |
Rowan Regional Medical Center Foundation Inc Winston Salem, NC | $63,491,170 | $11,479,503 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Plumbers And Pipefitters L U 572 Health And Welfare Fund Goodlettsville, TN | $19,730,789 | $13,559,404 |
Fauquier Hospital Endowment Fund Under Trust Agreement With Dated 1 Charlottesville, VA | $0 | $393,399 |
Medical Society Of S C Charleston, SC | $641,115,218 | $16,899,363 |